Europe Research Roundup: Adidas, HSBC, Renishaw

Antin Infrastructure Partners SAS

01/05/2024 07:49

May 1 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Adidas, HSBC and Renishaw, on Wednesday. 
    
    HIGHLIGHTS  
    
     * Adidas AG  ADSGn.DE : Wedbush raises target price to EUR 233 from EUR 200
     * Darktrace  DARK.L : HSBC raises target price to 620p from 540p
     * Essity AB (Publ)  ESSITYb.ST : HSBC resumes with buy rating; price target SEK 330
     * HSBC  HSBA.L : Berenberg raises target price to 830p from 800p
     * Renishaw Plc  RSW.L : Peel Hunt initiates coverage with buy rating; target price 5000p
      
Following is a summary of research actions on European companies reported by Reuters on Wednesday.
Stock entries are in alphabetical order.
    
     * Ashmore  ASHM.L : JP Morgan cuts target price to 173p from 184p
     * Acciona Energia  ANE.MC : HSBC raises to hold from reduce
     * Adidas AG  ADSGn.DE : Jefferies raises target price to EUR 210 from EUR 185
     * Adidas AG  ADSGn.DE : TD Cowen raises target price to EUR 216 from EUR 209
     * Adidas AG  ADSGn.DE : Wedbush raises target price to EUR 233 from EUR 200
     * Aena  AENA.MC : Jefferies raises target price to EUR 195 from EUR 188
     * Antin Infrastructure Partners SAS  ANTIN.PA : Citigroup cuts PT to EUR 14.8 from EUR 16
     * Billerud AB (Publ)  BILL.ST : Citigroup raises target price to SEK 87 from SEK 86
     * Clariant AG  CLN.S : JP Morgan raises target price to CHF 15 from CHF 14.5
     * Covestro AG  1COV.DE : HSBC raises target price to EUR 48 from EUR 47
     * Darktrace  DARK.L : HSBC raises target price to 620p from 540p
     * Deutsche Lufthansa AG  LHAG.DE : JP Morgan cuts target price to EUR 5.7 from EUR 5.8
     * Engie  ENGIE.PA : HSBC raises target price to EUR 17.2 from EUR 17
     * Essity AB (Publ)  ESSITYb.ST : HSBC resumes with buy rating; price target SEK 330
     * Firstgroup Plc  FGP.L : Berenberg raises target price to 195p from 191p
     * Griffin Mining Ltd  GFM.L : Berenberg raises target price to 170p from 140p
     * HSBC  HSBA.L : Berenberg raises target price to 830p from 800p
     * Iberdrola  IBE.MC : HSBC raises target price to EUR 13.6 from EUR 13.5
     * Koninklijke Philips NV  PHG.AS : Citigroup raises target price to EUR 27.5 from EUR 18.5
     * KPN  KPN.AS : Citigroup cuts to neutral from buy
     * Learning Technologies Group Plc  LTGL.L : Citigroup cuts target price to 75p from 80p
     * Man Group Plc  EMG.L : JP Morgan cuts target price to 314p from 319p
     * National Grid  NG.L : HSBC raises target price to 1200p from 1150p
     * Neoen SA  NEOEN.PA : HSBC raises target price to EUR 28 from EUR 27
     * Ninety One Plc  N91.L : JP Morgan cuts target price to 191p from 194p
     * Oersted A/S  ORSTED.CO : HSBC cuts to hold from buy; cuts target to DKK 445 from DKK 450
     * Renishaw Plc  RSW.L : Peel Hunt initiates coverage with buy rating; target price 5000p
     * Severfield Plc  SFR.L : Jefferies raises target price to 112p from 105p
     * Snam  SRG.MI : HSBC cuts target price to EUR 5.1 from EUR 5.2
     * Snam  SRG.MI : HSBC raises to buy from hold
     * SSE  SSE.L : HSBC cuts target price to 2140p from 2200p
     * Stellantis NV  STLAM.MI : Citigroup cuts target price to EUR 22 from EUR 23
     * Stora Enso Oyj  STERV.HE : Citigroup raises target price to EUR 13.20 from EUR 13
     * Straumann Holding AG  STMN.S : Jefferies cuts target price to CHF 130 from CHF 140
     * Telia  TELIA.ST : JP Morgan cuts target price to SEK 27 from SEK 29
     * Terna  TRN.MI : HSBC raises to buy from hold; cuts target price to EUR 8.9 from EUR 9.1
     * UPM-Kymmene Oyj  UPM.HE : Citigroup raises target price to EUR 35 from EUR 33.50
 
 (Compiled by Bengaluru Newsroom)
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