Europe Research Roundup: Kering, Petrofac, Teleperformance

Allfunds

29/06/2023 08:03

June 29 (Reuters) - Securities analysts revised their ratings and price targets on several European
companies, including Kering, Petrofac and Teleperformance on Thursday. 
    
    HIGHLIGHTS  
    
     * Allfunds Group  ALLFG.AS : HSBC raises to buy from hold
     * GB Group Plc  GBGP.L : Jefferies raises to buy from hold
     * Kering  PRTP.PA : HSBC cuts to hold from buy
     * Petrofac  PFC.L : Berenberg cuts target price to 105p from 110p
     * Teleperformance SE  TEPRF.PA : Berenberg starts with buy rating; EUR 232 target price
      
Following is a summary of research actions on European companies reported by Reuters on Thursday. Stock
entries are in alphabetical order.
    
     * Allfunds Group  ALLFG.AS : HSBC cuts target price to EUR 7.5 from EUR 8
     * Allfunds Group  ALLFG.AS : HSBC raises to buy from hold
     * FLSmidth  FLS.CO : JP Morgan raises target price to DKK 375 from DKK 330
     * Forterra Plc  FORT.L : Jefferies cuts target price to 180p from 224p
     * GB Group Plc  GBGP.L : Jefferies raises to buy from hold
     * Hamborner REIT AG  HABAn.DE : Berenberg cuts target price to EUR 9 from EUR 10
     * Ibstock  IBST.L : Jefferies cuts target price to 153p from 164p
     * Ipsen SA  IPN.PA : Jefferies raises target price to EUR 135 from EUR 133
     * Kering  PRTP.PA : HSBC cuts target price to EUR 580 from EUR 720
     * Kering  PRTP.PA : HSBC cuts to hold from buy
     * Kerry Group Plc  KYGa.I : Jefferies cuts target price to EUR 89 from EUR 94
     * Orange Belgium  OBEL.BR : HSBC cuts target price to EUR 16 from EUR 19
     * Petrofac  PFC.L : Berenberg cuts target price to 105p from 110p
     * RWE  RWEG.DE : HSBC cuts target price to EUR 50 from EUR 52
     * Teleperformance SE  TEPRF.PA : Berenberg starts with buy rating; EUR 232 target price
     * Tenaris  TENR.MI : Jefferies starts with buy rating; EUR 19 target price
     * Zalando SE  ZALG.F : JP Morgan cuts target price to EUR 32 from EUR 39
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))