Europe Research Roundup: Cellnex Telecom, KPN, Puma
01/02/2024 11:04
Feb 1 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies including Cellnex Telecom, KPN and, Puma, on Thursday.
HIGHLIGHTS
* Big Yellow Group Plc BYG.L : Goldman Sachs adds stock to its european conviction list
* Cellnex Telecom SA CLNX.MC : Goldman Sachs adds stock to its european conviction list
* KPN KPN.AS : Citigroup raises to buy from neutral
* MTU Aero Engines MTXGn.DE : Citigroup cuts to neutral from buy
* Puma SE PUMG.DE : RBC cuts to sector perform from outperform
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 : JP Morgan raises target price to 189p from 183p
* Accelleron Industries ACLN.S : UBS raises target price to CHF 30.75 from CHF 28
* Acciona Energia ANE.MC : Citigroup cuts target price to EUR 19.9 from EUR 23
* Acciona Energia ANE.MC : RBC cuts target price to EUR 30 from EUR 31
* Adidas AG ADSGn.DE : Bernstein cuts target price to EUR 185 from EUR 200
* Adidas AG ADSGn.DE : Deutsche Bank cuts target price to EUR 200 from EUR 220
* Adidas AG ADSGn.DE : Wedbush cuts target price to EUR 150 from EUR 176
* Alliance pharma Plc ALAPH.L : Peel Hunt cuts target price to 45p from 53p
* Allianz ALVG.DE : Morgan Stanley raises target price to EUR 266 from EUR 264
* Befesa BFSA.DE : Exane BNP Paribas reinitiates coverage with outperform rating; PT EUR 40
* Befesa BFSA.DE : Morgan Stanley cuts target price to EUR 31 from EUR 32
* Big Yellow Group Plc BYG.L : Goldman Sachs adds stock to its European conviction list
* BMW BMWG.DE : Deutsche Bank cuts target price to EUR 120 from EUR 125
* Bytes Technology Group Plc BYIT.L : HSBC cuts to hold from buy; ups PT to 675p from 625p
* Cellnex Telecom SA CLNX.MC : Goldman Sachs adds stock to its European conviction list
* Centrica CNA.L : Goldman Sachs removes stock from its European conviction list
* Compagnie Financiere Richemont SA CFR.S : HSBC cuts to hold from buy
* Compagnie Financiere Richemont SA CFR.S : HSBC raises PT to CHF 141 from CHF 138
* Cranswick Plc CWK.L : Berenberg raises target price to 4921p from 4694p
* DFS Furniture Plc DFSD.L : Berenberg cuts target price to 180p from 185p
* D'Ieteren Group NV IETB.BR : ING raises target price to EUR 230 from EUR 227
* DNB DNB.OL : UBS cuts target price to NOK 192 from NOK 200
* DNB Bank ASA DNB.OL : Berenberg cuts target price to NOK 215 from NOK 230
* DNB Bank ASA DNB.OL : Jefferies raises target price to NOK 210 from NOK 202
* Dr.Martens DOCS.L : HSBC cuts target price to 95p from 100p
* Dunelm Group Plc DNLM.L : Berenberg raises target price to 1410p from 1370p
* E ON SE EONGn.DE : Goldman Sachs adds stock to its European conviction list
* EasyJet EZJ.L : JP Morgan raises target price to 690p from 520p
* EDPR EDPR.LS : RBC cuts target price to EUR 17.5 from EUR 18
* Elis SA ELIS.PA : Berenberg raises target price to EUR 24.50 from EUR 22.50
* Enel ENEI.MI : Jefferies cuts to hold from buy; cuts PT to EUR 6.50 from EUR 7
* Euronav NV EUAV.BR : Degroof Petercam cuts target price to EUR 16.50 from EUR 17.50
* FDM Group (Holdings) Plc FDM.L : Stifel cuts target price to 495p from 707p
* Ferrovial SE FERF.AS : Morgan Stanley raises target price to EUR 44 from EUR 37
* GSK GSK.L : JP Morgan raises target price to 1530p from 1450p
* H&M HMb.ST : Barclays cuts target price to SEK 175 from SEK 200
* H&M HMb.ST : Bernstein cuts target price to SEK 120 from SEK 140
* H&M HMb.ST : Deutsche Bank cuts target price to SEK 140 from SEK 160
* H&M HMb.ST : Jefferies cuts target price to SEK 150 from SEK 165
* Haleon HLN.L : Barclays raises target price to 395p from 391p
* Harmony Energy Income Trust Plc HEIT.L : Jefferies cuts to underperform from hold
* Hemnet HEM.ST : Barclays raises target price to SEK 260 from SEK 245
* ITM Power Plc ITM.L : RBC raises target price to 150p from 140p
* JTC Plc JTC.L : Berenberg raises target price to 950p from 880p
* Koninklijke Philips N.V PHG.AS : UBS raises target price to EUR 16 from EUR 15.4
* KPN KPN.AS : Citigroup raises to buy from neutral
* KPN KPN.AS : HSBC raises target price to EUR 4 from EUR 3.8
* L'Oréal SA OREP.PA : Barclays raises target price to EUR 453 from EUR 431
* Marshalls MSLH.L : Berenberg raises to buy from hold; raises PT to 420p from 320p
* Melexis N.V. MLXS.BR : Morgan Stanley cuts target price to EUR 90 from EUR 100
* Mercedes Benz Group AG MBGn.DE : Goldman Sachs adds stock to its european conviction list
* MTU Aero Engines MTXGn.DE : Citigroup cuts to neutral from buy
* MTU Aero Engines MTXGn.DE : Citigroup raises target price to EUR 221 from EUR 217
* MTU Aero Engines MTXGn.DE : Deutsche Bank raises target price to EUR 216 from EUR 199
* MTU Aero Engines MTXGn.DE : HSBC raises target price to EUR 278 from EUR 254
* National Grid Plc NG.L : Bernstein raises target price to 1,180p from 1,170p
* Next Plc NXT.L : Barclays cuts to equal-weight from overweight
* Next Plc NXT.L : Barclays raises target price to 8500p from 8250p
* Nordic Semiconductor ASA NOD.OL : Morgan Stanley raises PT to NOK 110 from NOK 90
* Nordnet Bank AB SAVE.ST : Barclays cuts target price to SEK 160 from SEK 165
* Novartis AG NOVN.S : Stifel cuts target price to CHF 100 from CHF 103
* Novo Nordisk NOVOb.CO : Barclays raises target price to DKK 900 from DKK 825
* Novo Nordisk NOVOb.CO : Deutsche Bank raises target price to DKK 950 from DKK 850
* Novo Nordisk NOVOb.CO : Stifel raises target price to DKK 810 from DKK 800
* Pets at Home PETSP.L : Berenberg cuts target price to 390p from 440p
* Pets at Home PETSP.L : Berenberg cuts to hold from buy
* Publicis Groupe PUBP.PA : HSBC raises target price to EUR 103 from EUR 88
* Puma SE PUMG.DE : Goldman Sachs removes stock from its european conviction list
* Puma SE PUMG.DE : RBC cuts target price to EUR 42 from EUR 64
* Puma SE PUMG.DE : RBC cuts to sector perform from outperform
* Raiffeisen Bank International AG RBIV.VI : JP Morgan raises PT to EUR 20.30 from EUR 19.50
* Remy Cointreau SA RCOP.PA : Morgan Stanley cuts target price to EUR 87 from EUR 95
* Rolls Royce RR.L : Goldman Sachs adds stock to its european conviction list
* RWE AG RWEG.DE : Goldman Sachs removes stock from its european conviction list
* Safran SAF.PA : Goldman Sachs cuts to neutral from buy
* Santander SAN.MC : Berenberg raises target price to EUR 4.30 from EUR 4.10
* Santander SAN.MC : Morgan Stanley raises target price to EUR 5.2 from EUR 5
* Santander SAN.MC : UBS raises target price to EUR 5.4 from EUR 5.2
* Sap SE SAPG.DE : Baader Helvea raises target price to EUR 175 from EUR 140
* SEB SA SEBF.PA : Berenberg raises target price to EUR 135 from EUR 128
* Signify LIGHT.AS : UBS cuts target price to EUR 30 from EUR 31
* SKF SKFb.ST : Barclays raises target price to SEK 190 from SEK 168
* SKF SKFb.ST : Citigroup raises target price to SEK 212 from SEK 198
* Sodexo SA EXHO.PA : Barclays cuts target price to EUR 89 from EUR 115
* Solaria SLRS.MC : RBC cuts target price to EUR 17.5 from EUR 19
* SSAB SSABa.ST : Deutsche Bank raises target price to SEK 90 from SEK 86
* SSAB AB SSABa.ST : Jefferies raises target price to SEK 85 from SEK 78
* Stellantis STLAM.MI : Deutsche Bank cuts target price to EUR 32 from EUR 38
* Technip Energies NV TE.PA : Morgan Stanley cuts target price to EUR 25 from EUR 25.4
* TX Group AG TXGN.S : Stifel raises target price to CHF 175 from CHF 170
* Veolia VIE.PA : Goldman Sachs adds stock to its european conviction list
* Wartsila WRT1V.HE : UBS raises target price to EUR 15.9 from EUR 14.5
* Wartsila Oyj Abp WRT1V.HE : Citigroup raises target price to EUR 14.5 from EUR 14
* WPP Group WPP.L : HSBC raises target price to 1000p from 900p
* Zalando SE ZALG.DE : UBS cuts target price to EUR 21 from EUR 24
(Compiled by Bengaluru Newsroom)
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