Europe Research Roundup: Gjensidige Forsikring ASA, Safran, Swisscom AG

Befesa SA

31/10/2022 07:40

Oct 31 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Gjensidige Forsikring ASA, Safran and Swisscom AG, on Monday. 
    HIGHLIGHTS
                 * Gjensidige Forsikring ASA  GJFG.OL : Jefferies initiates coverage with
 underperform rating
 
                 * Safran  SAF.PA : JP Morgan raises target price to EUR 160 from EUR 140     
 
                 * Swisscom AG  SCMN.S : JP Morgan raises target price to CHF 674 from CHF 670    
 
 Following is a summary of research actions on European companies reported by Reuters on Monday. Stock
entries are in alphabetical order. 
                 * ADP  ADP.PA : JP Morgan raises target price to EUR 114 from EUR 113 
 
                 * Aib Group Plc  AIBG.I : JP Morgan raises target price to EUR 3.8 from EUR 3.2 
 
                 * Airbus SE  AIR.PA : Vertical Research raises target price to EUR 148 from EUR 147 
 
                 * Aker BP ASA  AKRBP.OL : Jefferies cuts target price to NOK 370 from NOK 380 
 
                 * BBVA  BBVA.MC : Credit Suisse raises target price to EUR 5.5 from EUR 5.2 
 
                 * Befesa SA  BFSA.DE : JP Morgan cuts target price to EUR 42 from EUR 44 
 
                 * Believe  BLV.PA : HSBC cuts target price to EUR 14 from EUR 21 
 
                 * Electrolux  ELUXb.ST : JP Morgan raises target price to SEK 116 from SEK 115 
 
                 * Genuit Group Plc  GENG.L : Jefferies cuts target price to 313p from 480p 
 
                 * Gjensidige Forsikring ASA  GJFG.OL : Jefferies initiates coverage with underperform
 rating
 
                 * Gjensidige Forsikring ASA  GJFG.OL : Jefferies initiates coverage with target NOK 158 
 
                 * Holcim AG  HOLN.S : Credit Suisse raises target price to CHF 58 from CHF 53 
 
                 * IAG  ICAG.MC : JP Morgan raises target price to EUR 1.45 from EUR 1.40 
 
                 * Kion Group AG  KGX.DE : JP Morgan raises target price to EUR 43.7 from EUR 42 
 
                 * Koninklijke Philips NV  PHG.AS : JP Morgan cuts target price to EUR 10.9 from EUR 18.8
 
                 * Landis+Gyr Group AG  LANDI.S : Credit Suisse raises target price to CHF 54 from CHF 53
 
                 * Molecular Partners AG  MOLN.S : JP Morgan cuts target price to CHF 6 from CHF 21 
 
                 * Natwest Group Plc  NWG.L : Credit Suisse raises target price to 370p from 350p 
 
                 * Nordnet AB (Publ)  SAVE.ST : JP Morgan raises target price to SEK 152 from SEK 147 
 
                 * Novozymes  NZYMb.CO : JP Morgan cuts target price to DKK 428 from DKK 440 
 
                 * Prosiebensat 1 Media SE  PSMGn.DE : JP Morgan cuts target price to EUR 13 from EUR 20 
 
                 * Prosus NV  PRX.AS : Credit Suisse cuts target price to EUR 94 from EUR 99 
 
                 * Safran  SAF.PA : JP Morgan raises target price to EUR 160 from EUR 140 
 
                 * Signify NV  LIGHT.AS : JP Morgan cuts target price to EUR 40 from EUR 43 
 
                 * Storebrand ASA  STB.OL : Jefferies initiates coverage with buy rating; target price
 NOK 89 
 
                 * Swedish Match AB  SWMA.ST : JP Morgan raises target price to SEK 116 from SEK 106 
 
                 * Swisscom AG  SCMN.S : JP Morgan raises target price to CHF 674 from CHF 670 
 
                 * Telenet Group Holding NV  TNET.BR : JP Morgan cuts target price to EUR 20.5 from EUR
 21.5 
 
                 * Verbund AG  VERB.VI : Credit Suisse cuts target price to EUR 73 from EUR 77.5 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))