Europe Research Roundup: ArcelorMittal SA, Ceres Power Holdings, Salzgitter AG
22/06/2022 08:13
June 22 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including ArcelorMittal SA, Ceres Power Holdings and Salzgitter AG, on
Wednesday.
HIGHLIGHTS
* ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight
* Carrefour CARR.PA : Bernstein cuts to underperform from market perform
* Ceres Power Holdings Plc CWR.L : Goldman Sachs raises to buy from sell
* Elkem ASA ELK.OL : Citigroup raises to neutral from sell
* Salzgitter AG SZGG.DE : JP Morgan cuts to underweight from neutral
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Admicom Oyj ADMCM.HE : Inderes ups to buy from accumulate; cuts PT to EUR 63 from EUR 77
* Aib Group Plc AIBG.I : Deutsche Bank raises target price to EUR 3.70 from EUR 3.50
* Anglo American AAL.L : JP Morgan cuts target price to 3350p from 3450p
* Anglo Pacific Group Plc APF.L : Berenberg raises target price to 300p from 260p
* Anglo Pacific Group Plc APF.L : Peel Hunt raises target price to 215p from 200p
* ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight
* ArcelorMittal SA MT.AS : JP Morgan cuts target price to EUR 32.5 from EUR 48
* Bank of Ireland Group Plc BIRG.I : Deutsche Bank raises target price to EUR 10 from EUR 9
* Barclays BARC.L : Jefferies raises target price to 369p from 316p
* Beiersdorf AG BEIG.DE : Barclays cuts target price to EUR 108 from EUR 115
* BHP Group Ltd BHPB.L : JP Morgan cuts target price to 2590p from 2640p
* Capricorn Energy Plc CNE.L : JP Morgan resumes with neutral rating; target price 243p
* Carlsberg CARLb.CO : Deutsche Bank raises target price to DKK 1050 from DKK 1040
* Carrefour CARR.PA : Bernstein cuts to underperform from market perform
* Carrefour CARR.PA : Bernstein cuts target price to EUR 16.50 from EUR 19
* Cary Group Holding AB CARY.ST : Jefferies cuts target price to SEK 72 from SEK 110
* Ceres Power Holdings Plc CWR.L : Goldman Sachs raises to buy from sell
* Ceres Power Holdings Plc CWR.L : Goldman Sachs raises target price to 700p from 660p
* Covestro AG 1COV.DE : Morgan Stanley cuts target price to EUR 55 from EUR 62
* Drax Group Plc DRX.L : HSBC raises target price to 955p from 850p
* DS Smith SMDS.L : Credit Suisse cuts target price to 340p from 360p
* Elkem ASA ELK.OL : Citigroup raises price target to NOK 35 from NOK 27.5
* Elkem ASA ELK.OL : Citigroup raises to neutral from sell
* Enel ENEI.MI : Barclays cuts target price to EUR 8.5 from EUR 9.2
* Glanbia Plc GL9.I : Citigroup cuts price target to EUR 11 from EUR 11.9
* Glencore GLEN.L : JP Morgan cuts target price to 630p from 650p
* Husqvarna AB HUSQb.ST : Berenberg cuts target price to SEK 85 from SEK 100
* JD Sports JD.L : Peel Hunt cuts target price to 250p from 280p
* Kingspan Group Plc KSP.I : Berenberg cuts target price to EUR 86 from EUR 100
* Kone Oyj KNEBV.HE : Berenberg cuts to hold from buy; cuts PT to EUR 50 from EUR 56
* Kone Oyj KNEBV.HE : Goldman Sachs cuts to sell from neutral
* Lassila & Tikanoja Oyj LAT1V.HE : Inderes initiates with rating accumulate, PT EUR 12
* Legal & General Group Plc LGEN.L : Jefferies cuts target price to 310p from 320p
* Lloyds LLOY.L : Jefferies raises target price to 78p from 65p
* Melrose Industries MRON.L : Goldman Sachs reinstates coverage with neutral rating
* Mips AB MIPS.ST : Berenberg cuts to hold from buy; cuts PT to SEK 600 from SEK 1230
* Natwest Group Plc NWG.L : Jefferies raises to buy from hold; raises PT to 359p from 246p
* Nordex SE NDXG.DE : Citigroup cuts price target to EUR 10 from EUR 11.5
* Orange Belgium OBEL.BR : HSBC cuts target price to EUR 20 from EUR 21
* Proximus PROX.BR : HSBC cuts target price to EUR 16 from EUR 17
* Sage Group SGE.L : Jefferies cuts target price to 740p from 890p
* Salzgitter AG SZGG.DE : JP Morgan cuts to underweight from neutral
* Salzgitter AG SZGG.DE : JP Morgan cuts target price to EUR 31.6 from EUR 44
* Schindler Holding AG SCHP.S : Berenberg cuts target price to CHF 180 from CHF 195
* Smurfit Kappa SKG.I : Jefferies raises to buy; cuts PT to EUR 43.3 from EUR 46.8
* Smurfit Kappa SKG.L : Jefferies raises to buy; cuts target price to 3700p from 3900p
* Snam SRG.MI : Barclays cuts target price to EUR 5.4 from EUR 5.8
* SSAB AB SSABa.ST : JP Morgan cuts target price to SEK 68 from SEK 77
* SSAB AB SSABb.ST : JP Morgan cuts target price to SEK 62 from SEK 70
* Symrise AG SY1G.DE : Citigroup cuts price target to EUR 114 from EUR 126
* Telenet Group Holding NV TNET.BR : Citigroup cuts price target to EUR 26.5 from EUR 31.5
* Tullow Oil Plc TLW.L : JP Morgan resumes coverage with overweight rating; PT 82p
* Voestalpine AG VOES.VI : JP Morgan cuts to underweight from overweight
* Voestalpine AG VOES.VI : JP Morgan cuts target price to EUR 27.5 from EUR 42.5
* Vossloh AG VOSG.DE : Jefferies cuts target price to EUR 32 from EUR 42
* Wacker Chemie AG WCHG.DE : Citigroup raises price target to EUR 125 from EUR 120
* Zur Rose Group AG ROSEG.S :Credit Suisse initiates with underperform rating and CHF 73 PT
(Compiled by Bengaluru Newsroom)
((Diaries@thomsonreuters.com))