Europe Research Roundup: BMW, Mercedes Benz Group, Volkswagen

Alfa Laval AB

08/09/2023 07:42

Sept 8 (Reuters) - Securities analysts revised their ratings and price targets on several European
companies, including BMW, Mercedes Benz Group and Volkswagen on Friday. 
    
    HIGHLIGHTS  
    
     * Alfa Laval AB  ALFA.ST : Barclays initiates coverage with overweight rating; PT SEK 430
     * BMW  BMWG.DE : Berenberg raises target price to EUR 102 from EUR 99
     * Finecobank  FBK.MI : JP Morgan cuts to neutral from overweight
     * Mercedes Benz Group AG  MBGn.DE : Berenberg cuts target price to EUR 83 from EUR 88
     * Volkswagen AG  VOWG_p.DE : Berenberg raises to buy from hold
      
Following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries
are in alphabetical order.
    
     * Alfa Laval AB  ALFA.ST : Barclays initiates coverage with overweight rating; PT SEK 430
     * Barratt  BDEV.L : Peel Hunt raises target price to 455p from 440p
     * Barry Callebaut AG  BARN.S : Credit Suisse cuts target price to CHF 1,925 from CHF 2,245
     * BMW  BMWG.DE : Berenberg raises target price to EUR 102 from EUR 99
     * Compugroup Medical SE & Co KGaA  COP1n.DE : Berenberg cuts target to EUR 49 from EUR 56
     * Currys Plc  CURY.L : Berenberg raises target price to 62p from 58p
     * DR ING HC F Porsche AG  P911_p.DE : Berenberg cuts to hold from buy
     * DR ING HC F Porsche AG  P911_p.DE : Berenberg cuts target price to EUR 117 from EUR 125
     * Finecobank  FBK.MI : JP Morgan cuts to neutral from overweight
     * Finecobank  FBK.MI : JP Morgan cuts target price to EUR 14.9 from EUR 17.1
     * Foresight Sustainable Forestry Company Plc  FSF.L : Jefferies initiates with hold rating
     * GN Store Nord  GN.CO : CFRA cuts target price to DKK 146 from DKK 170
     * JD Sports  JD.L : Berenberg raises target price to 225p from 210p
     * LVMH  LVMH.PA : Citigroup cuts price target to EUR 882 from EUR 960
     * Mercedes Benz Group AG  MBGn.DE : Berenberg cuts target price to EUR 83 from EUR 88
     * Porsche SE  PSHG_p.DE : Berenberg cuts target price to EUR 67 from EUR 76
     * Renault  RENA.PA : Berenberg cuts target price to EUR 47 from EUR 49
     * Spirax-Sarco  SPX.L : JP Morgan raises target price to 11,500p from 11,300p
     * Stellantis NV  STLAM.MI : Berenberg cuts target price to EUR 21 from EUR 22
     * Tod's SpA  TOD.MI : Citigroup cuts price target to EUR 43.5 from EUR 44.2
     * Tod's SpA  TOD.MI : Morgan Stanley raises target price to EUR 34 from EUR 32.3
     * Volkswagen AG  VOWG_p.DE : Berenberg raises to buy from hold
     * Volkswagen AG  VOWG_p.DE : Berenberg cuts target price to EUR 130 from EUR 145
     * Wartsila  WRT1V.HE : Barclays initiates coverage with underweight rating and PT EUR 8.5
     * Watches of Switzerland  WOSG.L : Stifel initiates coverage with hold rating; target 680p
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))