Europe Research Roundup: ABN Amro Bank, Man Group, TP

Bayerische Motoren Werke Aktiengesellschaft

16/07/2026 08:15

July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ABN Amro Bank, Man Group and TP on Thursday.
     
HIGHLIGHTS
     
* ABN Amro Bank NV ABNd.AS: Jefferies raises target price to EUR 45 from EUR 39 
* BMW BMWG.DE: RBC cuts target price to EUR 62 from EUR 84 
* Man Group Plc EMG.L: Jefferies raises target price to 345p from 280p 
* Richemont CFR.S: TD Cowen raises target price to CHF 230 from CHF 220 
* TP TEPRF.PA: JP Morgan reinstates coverage with underweight rating
 
Following is a summary of research actions on European companies reported by Reuters on Thursday. Stock entries are in alphabetical order.  
   
* ABN Amro Bank NV ABNd.AS: Jefferies raises target price to EUR 45 from EUR 39 
* Acs, Actividades de Construcción Y Servicios S.A. ACS.MC: Barclays ups PT to EUR 149 from EUR 146 
* Airtel Africa AAF.L: Citigroup resumes coverage with neutral rating
* Airtel Africa AAF.L: Citigroup resumes coverage with price target 380p 
* Aker BP AKRBP.OL: Berenberg raises target price to NOK 340 from NOK 325 
* Aryzta AG ARYN.S: UBS cuts target price to CHF 70 from CHF 81 
* Asmi ASMI.AS: BofA Global Research raises price objective to EUR 1,435 from EUR 1,290 
* ASML ASML.AS: Deutsche Bank raises target price to EUR 2150 from EUR 1800 
* ASML ASML.AS: UBS raises target price to EUR 2250 from EUR 2100 
* ASML Holding ASML.AS: HSBC raises target price to EUR 2149 from EUR 1883 
* ASML Holding NV ASML.AS: Barclays raises target price to EUR 2400 from EUR 2000 
* ASML Holding NV ASML.AS: Berenberg raises target price to EUR 2,100 from EUR 1,570 
* ASML Holding NV ASML.AS: Bernstein raises target price to EUR 2,500 from EUR 2,300 
* ASML Holding NV ASML.AS: BofA Global Research raises price objective to EUR 2,452 from EUR 2,022 
* ASML Holding NV ASML.AS: ING raises target price to EUR 2000 from EUR 1700 
* ASML Holding NV ASML.AS: Jefferies raises target price to EUR 1,650 from EUR 1,560 
* ASML Holding NV ASML.AS: Kepler Cheuvreux raises PT to EUR 2300 from EUR 1830 
* ASML Holding NV ASML.AS: Morgan Stanley raises PT to EUR 1930 from EUR 1830 
* ASML Holding NV ASML.AS: TD Cowen raises target price to EUR 1,900 from EUR 1,600 
* AstraZeneca Plc AZN.L: Morgan Stanley cuts target price to 15300p from 16500p 
* Autoneum Holding AG AUTON.S: UBS cuts target price to CHF 120 from CHF 175
* Axfood AXFO.ST: Bernstein cuts target price to SEK 215 from SEK 235 
* Axfood AXFO.ST: Kepler Cheuvreux cuts target price to SEK 250 from SEK 315 
* B&M BMEB.L: Deutsche Bank raises to hold from sell 
* B&M European value Retail SA BMEB.L: Barclays cuts target price to 225p from 235p 
* Bachem Holding AG BANB.S: Jefferies raises target price to CHF 52 from CHF 46 
* Balder BALDb.ST: Jefferies cuts target price to SEK 58 from SEK 62 
* Baltic Classifieds Group BCG.L: Deutsche Bank cuts target price to 272p from 278p 
* Barclays BARC.L: Citigroup raises target price to 505p from 455p 
* Barratt Redrow BTRW.L: Barclays raises target price to 276p from 260p 
* BASF SE BASFn.DE: Berenberg cuts target price to EUR 47 from EUR 52 
* BBVA BBVA.MC: UBS raises target price to EUR 22 from EUR 20.5 
* Befesa SA BFSA.DE: Citigroup raises target price to EUR 36 from EUR 34 
* BMW BMWG.DE: RBC cuts target price to EUR 62 from EUR 84 
* BP BP.L: HSBC cuts target price to 585p from 605p 
* BP BP.L: TD Cowen cuts target price to 504p from 506p 
* Castellum CAST.ST: Kepler Cheuvreux cuts to hold from buy
* Castellum CAST.ST: Kepler Cheuvreux raises target price to SEK 144 from SEK 140 
* Coats Group Plc COA.L: Deutsche Bank cuts target price to 110p from 115p 
* Cohort Plc CHRT.L: RBC raises target price to 1,760p from 1,740p 
* De' Longhi SpA DLG.MI: Goldman Sachs initiates coverage with buy rating
* De' Longhi SpA DLG.MI: Goldman Sachs initiates coverage with price target EUR 51 
* Delivery Hero DHER.DE: Deutsche Bank raises target price to EUR 40 from EUR 20 
* Derwent London Plc DLN.L: Jefferies raises target price to 1,629p from 1,492p 
* Diploma Plc DPLM.L: RBC raises target price to 7,400p from 7,300p 
* DR ING HC F Porsche AG P911_p.DE: RBC raises target price to EUR 46 from EUR 41 
* DSV DSV.CO: Deutsche Bank raises target price to DKK 1881 from DKK 1835 
* EDP EDP.LS: Deutsche Bank raises target price to EUR 4.6 from EUR 4.5 
* Elisa Oyj ELISA.HE: Morgan Stanley cuts target price to EUR 39 from EUR 41 
* Endeavour Mining Plc EDV.L: JP Morgan cuts target price to 5100p from 5700p 
* Endesa ELE.MC: Jefferies raises target price to EUR 35 from EUR 27 
* Evotec EVTG.DE: Deutsche Bank cuts target price to EUR 3.5 from EUR 4.5 
* Evotec SE EVTG.DE: Berenberg cuts target price to EUR 3.6 from EUR 9.4 
* Evotec SE EVTG.DE: Berenberg cuts to hold from buy
* Fincantieri FCT.MI: Deutsche Bank raises target price to EUR 19 from EUR 18.5 
* FMC AG FMEG.DE: Bernstein initiates coverage with market perform rating
* FMC AG FMEG.DE: Bernstein initiates coverage with target price EUR 44.65
* Glencore GLEN.L: Jefferies raises target price to 720p from 700p 
* Grafton Group Plc GFTU_u.L: Deutsche Bank raises target price to 1315p from 1275p 
* Hammerson HMSO.L: Jefferies raises target price to 360p from 334p 
* Handelsbanken SHBa.ST: UBS cuts target price to SEK 126 from SEK 128 
* Hikma HIK.L: Citigroup initiates coverage with buy rating; target price 1700p 
* Hochschild HOCM.L: JP Morgan cuts target price to 820p from 950p 
* Hochtief AG HOTG.DE: Barclays cuts target price to EUR 493 from EUR 494 
* HSBC HSBA.L: Citigroup raises target price to 1640p from 1470p 
* ICG Plc ICGIN.L: UBS raises target price to 2200p from 2150p  
* Intercos SpA ICOS.MI: Kepler Cheuvreux initiates coverage with buy rating
* Intercos SpA ICOS.MI: Kepler Cheuvreux initiates coverage with PT EUR 16.5 
* Lloyds LLOY.L: Citigroup raises target price to 125p from 123p 
* Man Group Plc EMG.L: Jefferies raises target price to 345p from 280p 
* Mercedes-Benz Group AG MBGn.DE: RBC cuts target price to EUR 53 from EUR 56 
* Natwest Group Plc NWG.L: Citigroup raises target price to 820p from 810p 
* Nemetschek SE NEKG.DE: UBS cuts target price to EUR 53 from EUR 56 
* Partners Group Holding AG PGHN.S: Jefferies cuts PT to CHF 710 from CHF 760 
* Pennon Group Plc PNN.L: Bernstein cuts target price to 520p from 600p 
* Richemont CFR.S: Barclays raises target price to CHF 220 from CHF 200 
* Richemont CFR.S: Berenberg raises target price to CHF 170 from CHF 155 
* Richemont CFR.S: Bernstein raises target price to CHF 240 from CHF 200 
* Richemont CFR.S: Kepler Cheuvreux raises target price to CHF 220 from CHF 180 
* Richemont CFR.S: RBC  sraises target price to CHF 220 from CHF 200 
* Richemont CFR.S: RBC raises to outperform from sector perform
* Richemont CFR.S: TD Cowen raises target price to CHF 230 from CHF 220 
* Rio Tinto RIO.L: RBC cuts target price to 6100p from 6300p 
* Rotork Plc ROR.L: Panmure Liberum cuts to hold from buy; raises PT to 503p from 430p 
* Royal Unibrew RBREW.CO: Morgan Stanley cuts target price to DKK 505 from DKK 595 
* Scandic Hotels Group AB SHOTE.ST: Morgan Stanley cuts PT to SEK 74 from SEK 80 
* Schaeffler SHA0n.DE: UBS raises target price to EUR 8.1 from EUR 7.1 
* Schaeffler SHA0n.DE: UBS raises to neutral from sell 
* SEB AB SEBa.ST: Jefferies raises target price to SEK 205 from SEK 197 
* SEB AB SEBa.ST: Kepler Cheuvreux raises target price to SEK 223 from SEK 210 
* SEB Group SEBa.ST: UBS raises target price to SEK 215 from SEK 200 
* Severn Trent SVT.L: Bernstein raises target price to 3620p from 3370p 
* Sidetrade ALBFR.PA: Portzamparc initiates coverage with 'buy' 
* Sidetrade ALBFR.PA: Portzamparc initiates coverage with target price EUR 200 
* Standard Chartered Plc STAN.L: Citigroup raises target price to 2130p from 1975p 
* Telefonica SA TEF.MC: Barclays cuts target price to EUR 3.8 from EUR 4 
* TP TEPRF.PA: JP Morgan reinstates coverage with target price EUR 44 
* TP TEPRF.PA: JP Morgan reinstates coverage with underweight rating
* Troax Group AB (Publ) TROAX.ST: Berenberg raises PT to SEK 145 from SEK 120 
* United Utilities UU.L: Bernstein raises target price to 1520p from 1420p 
* Valeo SE VLOF.PA: Morgan Stanley raises target price to EUR 14.1 from EUR 12.5 
* Volkswagen AG VOWG_p.DE: RBC cuts target price to EUR 121 from EUR 131 
* Watches of Switzerland WOSG.L: Kepler Cheuvreux raises PT to 750p from 430p 
 

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