Europe Research Roundup: Barclays, Ferrari, Volkswagen

Biomerieux SA

09/09/2024 08:12

Sept 9 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Barclays, Ferrari and Volkswagen, on Monday. 
    
    HIGHLIGHTS  
    
     * Barclays Bank  BARC.L : Morgan Stanley raises target price to 300p from 290p
     * Ferrari  RACE.MI : Citigroup raises target price to EUR 360 from EUR 334
     * Mercedes-Benz Group AG  MBGn.DE : Citigroup cuts target price to EUR 60 from EUR 65
     * Shell Plc  SHEL.L : HSBC cuts target price to 3030p from 3200p
     * Volkswagen AG  VOWG_p.DE : Citigroup cuts target price to EUR 130 from EUR 137
      
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
    
     * AIB Group Plc  AIBG.I : Morgan Stanley raises target price to EUR 4.9 from EUR 4.8
     * Ashtead Group Plc  AHT.L : Morgan Stanley raises target price to 7000p from 6400p
     * Autostore Holdings Ltd  AUTO.OL : Citigroup cuts target price to NOK 16 from NOK 28
     * Aviva  AV.L : Jefferies raises target price to 550p from 525p
     * Azelis  AZE.BR : Morgan Stanley raises to overweigth from equal weight
     * Barclays Bank  BARC.L : Morgan Stanley raises target price to 300p from 290p
     * Belimo Holding AG  BEAN.S : Berenberg raises target price to CHF 614 from CHF 557
     * Biomerieux SA  BIOX.PA : Morgan Stanley raises target price to EUR 116 from EUR 115
     * BMW  BMWG.DE : Citigroup cuts target price to EUR 74 from EUR 80
     * BNP Paribas  BNPP.PA : Morgan Stanley cuts target price to EUR 82 from EUR 86
     * BP  BP.L : HSBC cuts target price to 465p from 490p
     * British American Tobacco Plc  BATS.L : Barclays raises target price to 3250p from 3100p
     * CaixaBank SA  CABK.MC : Morgan Stanley raises target price to EUR 6.75 from EUR 6.25
     * Deliveroo Plc  ROO.L : Jefferies raises target price to 230p from 220p
     * DR ING HC F Porsche AG  P911_p.DE : Citigroup cuts target price to EUR 75 from EUR 78
     * ENI  ENI.MI : HSBC cuts target price to EUR 16.1 from EUR 16.5
     * Equinor  EQNR.OL : HSBC cuts target price to NOK 302 from NOK 310
     * Euronext NV  ENX.PA : Jefferies raises target price to EUR 125 from EUR 105
     * Ferrari  RACE.MI : Citigroup raises target price to EUR 360 from EUR 334
     * Fraport  FRAG.DE : Barclays cuts target price to EUR 65 from EUR 66
     * Hermes International S.C.A.  HRMS.PA : Morgan Stanley cuts PT to EUR 2300 from EUR 2482
     * Hochschild  HOCM.L : Peel Hunt raises target price to 225p from 210p
     * IMCD NV  IMCD.AS : Morgan Stanley raises to equalweight from underweight
     * Imperial Brands Plc  IMB.L : Barclays raises target price to 2620p from 2400p
     * Inpost SA  INPST.AS : Barclays raises target price to EUR 20 from EUR 17.8
     * Inpost SA  INPST.AS : Jefferies raises target price to EUR 21 from EUR 20
     * Intesa Sanpaolo SpA  ISP.MI : JP Morgan raises target price to EUR 4.7 from EUR 4.4
     * Just Group  JUSTJ.L : Barclays raises target price to 165p from 146p
     * Kering  PRTP.PA : Barclays cuts rating ON kering to underweight
     * Legal & General Group Plc  LGEN.L : Jefferies cuts target price to 235p from 255p
     * Mercedes-Benz Group AG  MBGn.DE : Citigroup cuts target price to EUR 60 from EUR 65
     * Renault  RENA.PA : Citigroup cuts target price to EUR 52 from EUR 54
     * Repsol  REP.MC : HSBC cuts target price to EUR 13.35 from EUR 14.4
     * Rightmove  RMV.L : Jefferies raises to hold from underperform
     * Rightmove  RMV.L : Jefferies raises target price to 720p from 450p
     * Ryanair  RYA.I : JP Morgan raises target price to EUR 18 from EUR 17
     * Shell Plc  SHEL.L : HSBC cuts target price to 3030p from 3200p
     * Stellantis NV  STLAM.MI : Citigroup cuts target price to EUR 15 from EUR 17
     * Totalenergies SE  TTEF.PA : HSBC cuts target price to EUR 69.2 from EUR 70.4
     * Travis Perkins Plc  TPK.L : Morgan Stanley raises target price to 970p from 890p
     * Tritax Big Box  BBOXT.L : Peel Hunt raises target price to 175p from 170p
     * Unicredit  CRDI.MI : JP Morgan raises target price to EUR 49 from EUR 46
     * Viscofan  VIS.MC : Berenberg reinitiates coverage with buy rating; price target EUR 76
     * Volkswagen AG  VOWG_p.DE : Citigroup cuts target price to EUR 130 from EUR 137
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))