Europe Research Roundup: AO World, Tele2 AB, Unilever

Adevinta ASA

18/10/2022 07:54

Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including AO World, Tele2 AB, and Unilever, on Tuesday. 
    HIGHLIGHTS  
     * AO World Plc  AO.L : Canaccord Genuity initiates coverage with sell rating; target 31p
     * Tele2 AB  TEL2b.ST : Credit Suisse cuts to neutral from outperform
     * Unilever  ULVR.L : RBC raises target price to 3,900p from 3,600p
 Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
     * Adevinta ASA  ADEA.OL : JP Morgan cuts target price to NOK 83 from NOK 96
     * Adriatic Metals Plc  ADT1.L : RBC raises target price to 235p from 225p
     * Air Liquide  AIRP.PA : Cowen and Company cuts target price to EUR 155 from EUR 160
     * AO World Plc  AO.L : Canaccord Genuity initiates coverage with sell rating; target 31p
     * ASOS Plc  ASOS.L : Canaccord Genuity initiates coverage with sell rating; target price 409p
     * Auction Technology Group Plc  ATG.L : JP Morgan cuts target price to 903p from 1118p
     * Auto Trader  AUTOA.L : JP Morgan cuts target price to 528p from 596p
     * Auto1 Group SE  AG1G.DE : JP Morgan cuts target price to EUR 9 from EUR 13
     * Boohoo  BOOH.L : Canaccord Genuity initiates coverage with hold rating; target price 35p
     * Close Brothers Group Plc  CBRO.L : RBC cuts target price to 1,100p from 1,250p
     * Commerzbank AG  CBKG.DE : RBC raises target price to EUR 7.5 from EUR 6
     * Dassault Systemes  DAST.PA : Berenberg cuts target price to EUR 41.5 from EUR 46.5
     * Dechra Pharmaceuticals Plc  DPH.L : Jefferies raises to buy from hold
     * Dechra Pharmaceuticals Plc  DPH.L : Jefferies raises target price to 3,112p from 2,880p
     * Delivery Hero SE  DHER.DE : JP Morgan cuts target price to EUR 60 from EUR 61
     * Elekta AB  EKTAb.ST : Jefferies cuts target price to SEK 55 from SEK 72
     * Elisa Oyj  ELISA.HE : Credit Suisse raises to outperform from neutral
     * Elisa Oyj  ELISA.HE : Credit Suisse raises target price to EUR 57 from EUR 53
     * Greggs  GRG.L : HSBC cuts target price to 2,800p from 3,374p
     * H Lundbeck A/S  HLUNb.CO : Jefferies cuts target price to DKK 27 from DKK 35
     * Hargreaves Lansdown  HRGV.L : Credit Suisse cuts target price to 900p from 1,000p
     * Hellofresh SE  HFGG.DE : JP Morgan cuts target price to EUR 23 from EUR 35
     * Hiscox  HSX.L : Credit Suisse raises target price to 1200p from 1140p
     * Intercos SpA  ICOS.MI : Jefferies cuts target price to EUR 12.7 from EUR 15.9
     * JCDecaux  JCDX.PA : JP Morgan raises target price to EUR 12.10 from EUR 11.70
     * Just Eat Takeaway.Com  JETJ.L : JP Morgan cuts target price to 1,088p from 1,191p
     * Kahoot ASA  KAHOT.OL : JP Morgan cuts target price to NOK 30 from NOK 33
     * Koninklijke Philips NV  PHG.AS : Jefferies cuts to underperform from hold
     * Koninklijke Philips NV  PHG.AS : Jefferies cuts target price to EUR 11.4 from EUR 22
     * Lancashire Holdings  LRE.L : Credit Suisse raises target price to 760p from 725p
     * Marks Electrical Ltd  MRKM.L : Canaccord Genuity initiates with buy rating; PT 82p
     * Mips AB  MIPS.ST : Jefferies cuts target price to SEK 385 from SEK 430
     * Mondi  MNDI.L : Jefferies cuts target price to 1,750p from 1,775p
     * Moonpig Group Plc  MOONM.L : Canaccord Genuity initiates coverage with buy rating; PT 232p
     * Ocado  OCDO.L : JP Morgan cuts target price to 500p from 850p
     * ON the Beach Group Plc  OTB.L : Canaccord Genuity initiates with buy rating; PT 193p
     * Prosus NV  PRX.AS : JP Morgan cuts target price to EUR 83.50 from EUR 95
     * Rightmove  RMV.L : JP Morgan cuts target price to 497p from 634p
     * Royal Mail Plc  IDSI.L : Peel Hunt cuts target price to 150p from 236p
     * Sabre Insurance Group Plc  SBRE.L : Credit Suisse cuts target price to 105p from 130p
     * Safran  SAF.PA : Jefferies raises target price to EUR 107 from EUR 106
     * SBM Offshore  SBMO.AS : HSBC cuts target price to EUR 17.4 from EUR 19
     * Schibsted ASA  SCHA.OL : JP Morgan cuts target price to NOK 187 from NOK 231
     * Scout24 SE  G24n.DE : JP Morgan cuts target price to EUR 62 from EUR 72
     * Siemens Healthineers AG  SHLG.DE : Jefferies cuts target price to EUR 53 from EUR 61
     * Stroeer  SAXG.DE : JP Morgan cuts target price to EUR 43 from EUR 55
     * Tele2 AB  TEL2b.ST : Credit Suisse cuts to neutral from outperform
     * Tele2 AB  TEL2b.ST : Credit Suisse cuts target price to SEK 106 from SEK 144.42
     * Telenor ASA  TEL.OL : Credit Suisse cuts target price to NOK 102 from NOK 141
     * THG Plc  THG.L : Canaccord Genuity initiates coverage with buy rating; target price 81p
     * THG Plc  THG.L : JP Morgan cuts target price to 39p from 50p
     * Trainline  TRNT.L : JP Morgan cuts target price to 370p from 425p
     * Unilever  ULVR.L : RBC raises target price to 3,900p from 3,600p
     * Victorian Plumbing Group Plc  VIC.L : Canaccord Genuity initiates with buy rating; PT 92p
     * Virbac SA  VIRB.PA : Jefferies cuts to hold from buy
     * Virbac SA  VIRB.PA : Jefferies cuts target price to EUR 296 from EUR 368
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))