Europe Research Roundup: Kingfisher, Smiths Group, Volvo
11/04/2024 08:35
April 11 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Kingfisher, Smiths Group and Volvo on Thursday.
HIGHLIGHTS
* Kingfisher KGF.L : HSBC raises to buy from
hold
* Smiths Group SMIN.L : HSBC raises to buy
from hold
* Volvo AB VOLVb.ST : Citigroup cuts to
neutral from buy
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Abrdn Plc ABDN.L : Barclays cuts target price to 145p from 160p
* Aker Solutions ASA AKSOA.OL : JP Morgan cuts target price to NOK 40 from NOK 46
* Ashmore ASHM.L : Barclays cuts target price to 225p from 230p
* Aurubis AG NAFG.DE : Baader Helvea cuts target price to EUR 90 from EUR 110
* Aurubis AG NAFG.DE : Morgan Stanley raises target price to EUR 75 from EUR 70
* Daimler Truck Holding AG DTGGe.DE : Citigroup raises target price to EUR 53.6
from EUR 50
* Darktrace Plc DARK.L : Berenberg raises target price to 630p from 600p
* EQT AB EQTAB.ST : Barclays raises target price to SEK 360 from SEK 310
* Essity AB (Publ) ESSITYb.ST : Jefferies cuts target price to SEK 273 from SEK
275
* Frontier Developments Plc FDEV.L : Stifel raises target price to 180p from 125p
* Gore Street Energy Storage Fund GSF.L : RBC initiates coverage with sector
perform rating
* Gore Street Energy Storage Fund GSF.L : RBC initiates coverage with target
price 85p
* Gresham House Energy Storage Fund GRID.L : RBC initiates coverage with
outperform rating
* Gresham House Energy Storage Fund GRID.L : RBC initiates coverage with target
price 75p
* Heidelberg Materials HEIG.DE : Jefferies raises target price to EUR 120 from
EUR 109.1
* Intermediate Capital Group Plc ICP.L : Barclays raises target price to 2450p
from 2185p
* Italy'S Prysmian PRY.MI : JP Morgan raises target price to EUR 55 from EUR 53
* Jupiter Fund Management JUP.L : Barclays cuts target price to 85p from 88p
* Jupiter Fund Management JUP.L : Barclays cuts to underweight from equal weight
* Kenmare Resources Plc KMR.L : Berenberg cuts target price to 430p from 440p
* Kingfisher KGF.L : HSBC raises target price to 305p from 235p
* Kingfisher KGF.L : HSBC raises to buy from hold
* Liontrust Asset Management Plc LIO.L : Barclays cuts target price to 760p from
1000p
* Liontrust Asset Management Plc LIO.L : Barclays cuts to equal weight from
overweight
* Lse LSEG.L : Berenberg raises target price to 11,000p from 10,600p
* M&G Plc MNG.L : Deutsche Bank cuts target price to 240p from 250p
* Man Group Plc EMG.L : Barclays raises target price to 300p from 290p
* Marks and Spencer Group MKS.L : JP Morgan raises to overweight from neutral
* Marks and Spencer Group MKS.L : JP Morgan raises raises target price to 330p
from 260p
* Michelin MICP.PA : Citigroup cuts target price to EUR 39.5 from EUR 40
* Neste Oyj NESTE.HE : Berenberg cuts target price to EUR 33 from EUR 45
* Orange SA ORAN.PA : Citigroup raises target price to EUR 12 from EUR 11.85
* Pennon Group Plc PNN.L : Jefferies cuts target price to 830p from 850p
* Phoenix Group Holdings PHNX.L : Deutsche Bank raises target price to 570p from
550p
* Renault RENA.PA : Morgan Stanley raises target price to EUR 59 from EUR 44
* Renk Group AG R3NK.F : Berenberg raises target price to EUR 35 from EUR 30.6
* Saipem SpA SPMI.MI : JP Morgan raises target price to EUR 3.20 from EUR 3
* Salvatore Ferragamo SpA SFER.MI : Barclays cuts target price to EUR 9.7 from
EUR 12
* Sartorius AG SATG_p.DE : Citigroup raises target price to EUR 400 from EUR 390
* Severn Trent SVT.L : Jefferies cuts target price to 2,880p from 2,950p
* Smiths Group SMIN.L : HSBC raises target price to 2000p from 1875p
* Smiths Group SMIN.L : HSBC raises to buy from hold
* Stellantis NV STLAM.MI : Morgan Stanley raises target price to EUR 28 from EUR
24
* Subsea 7 SA SUBC.OL : JP Morgan raises to overweight from neutral
* Subsea 7 SA SUBC.OL : JP Morgan raises target price to NOK 220 from NOK 180
* Talanx AG TLXGn.DE : Morgan Stanley raises target price to EUR 76 from EUR 68
* Technip Energies NV TE.PA : JP Morgan cuts to neutral from overweight
* Technip Energies NV TE.PA : JP Morgan cuts target price to EUR 26 from EUR 27
* THG Plc THG.L : Barclays cuts target price to 84p from 85p
* Totalenergies SE TTEF.PA : TD Cowen raises target price to EUR 65 from EUR 64
* Traton SE 8TRA.DE : Citigroup raises target price to EUR 36 from EUR 19.8
* Trelleborg AB TRELb.ST : Citigroup raises target price to SEK 380 from SEK 345
* UCB SA UCB.BR : Berenberg raises target price to EUR 130 from EUR 120
* United Utilities UU.L : Jefferies raises target price to 1,230p from 1,200p
* Volvo AB VOLVb.ST : Citigroup cuts to neutral from buy
* Volvo AB VOLVb.ST : Citigroup raises target price to SEK 310 from SEK 275
* XPS Pensions Group Plc XPS.L : RBC raises target price to 270p from 255p
(Compiled by Bengaluru Newsroom)
((Diaries@thomsonreuters.com))