Europe Research Roundup: Aryzta, Merck, Swiss Life Holding

Boliden AB (publ)

26/05/2026 08:07

May 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Aryzta, Merck and Swiss Life Holding on Tuesday.
     
HIGHLIGHTS
     
* Aryzta AG ARYN.S: Berenberg raises to buy from hold
* Euronext NV ENX.PA: JP Morgan raises target price to EUR 157 from EUR 150 
* Hydro NHY.OL: Citigroup raises target price to NOK 120 from NOK 110 
* Merck KGaA MRCG.DE: Jefferies assumes coverage with hold vs buy rating
* Swiss Life Holding AG SLHN.S: Berenberg raises PT to CHF 1014 from CHF 979 
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
 Stock entries are in alphabetical order. 
   

* AB Foods ABF.L: Deutsche Bank cuts target price to 1,850p from 1,925p 
* Air France Klm SA AIRF.PA: Morgan Stanley raises PT to EUR 11.50 from EUR 9.40 
* Air France Klm SA AIRF.PA: Morgan Stanley raises to overweight from equal weight 
* Aj Bell Plc AJBA.L: UBS raises target price to 720p from 630p 
* Alfa Laval AB ALFA.ST: Morgan Stanley cuts target price to SEK 485 from SEK 500 
* Anglo American AAL.L: JP Morgan raises target price to 3,160p from 2,780p 
* Antofagasta ANTO.L: JP Morgan raises target price to 3,400p from 3,200p 
* Aryzta AG ARYN.S: Berenberg raises target price to CHF 75 from CHF 65 
* Aryzta AG ARYN.S: Berenberg raises to buy from hold
* Assa Abloy AB ASSAb.ST: Morgan Stanley cuts target price to SEK 370 from SEK 380 
* Auto Trader AUTOA.L: Berenberg cuts target price to 510p from 580p 
* AXA AXAF.PA: Berenberg raises target price to EUR 57.4 from EUR 50.7 
* Barratt Redrow Plc BTRW.L: Goldman Sachs cuts target price to 355p from 400p 
* BNP Paribas SA BNPP.PA: Deutsche Bank raises target price to EUR 98 from EUR 96 
* Boliden BOL.ST: JP Morgan cuts target price to SEK 555 from SEK 565 
* British American Tobacco Plc BATS.L: Barclays raises target price to 5,400p from 4,900p 
* British Land BLND.L: Barclays raises target price to 465p from 450p 
* BTG Consulting Plc BTG.L: Berenberg raises target price to 155p from 150p 
* Carmila SA CARM.PA: Jefferies raises target price to EUR 20 from EUR 18.5 
* Carmila SA CARM.PA: Jefferies raises to buy from hold
* Compagnie Financiere Richemont SA CFR.S: UBS raises PT to CHF 186 from CHF 182 
* Currys Plc CURY.L: RBC raises target price to 165p from 160p 
* Deutsche Bank AG DBKGn.DE: Alphavalue cuts to add from buy 
* Deutsche Lufthansa AG LHAG.DE: Morgan Stanley cuts PT to EUR 6.20 from EUR 7.30 
* Deutsche Lufthansa AG LHAG.DE: Morgan Stanley cuts to underweight from equal weight 
* EasyJet EZJ.L: UBS cuts target price to 555p from 635p 
* Endesa ELE.MC: HSBC cuts target price to EUR 38.4 from EUR 38.6 
* Engie ENGIE.PA: HSBC raises target price to EUR 28.7 from EUR 28.5 
* Euronext NV ENX.PA: JP Morgan raises target price to EUR 157 from EUR 150 
* Genuit Group Plc GENG.L: Berenberg cuts target price to 440p from 500p 
* Genuit Group Plc GENG.L: Deutsche Bank cuts target price to 440p from 545p 
* Genuit Group Plc GENG.L: Jefferies cuts target price to 332p from 388p 
* Glencore GLEN.L: JP Morgan raises target price to 560p from 500p 
* Grand City Properties SA GYC.DE: Jefferies cuts PT to EUR 9.9 from EUR 14 
* Grand City Properties SA GYC.DE: Jefferies cuts to hold from buy 
* GSK GSK.L: Kepler Cheuvreux raises target price to 2,516p from 1,500p 
* GSK GSK.L: Kepler Cheuvreux raises to buy from hold
* Hannover Re HNRGn.DE: Barclays raises target price to EUR 246 from EUR 239 
* Hochtief AG HOTG.DE: Bernstein raises target price to EUR 532.60 from EUR 435.90
* Hydro NHY.OL: Citigroup raises target price to NOK 120 from NOK 110 
* Iberdrola IBE.MC: Barclays raises target price to EUR 22.60 from EUR 16.90 
* Iberdrola IBE.MC: HSBC cuts target price to EUR 21.2 from EUR 21.5 
* Julius Baer BAER.S: Barclays raises target price to CHF 73 from CHF 71 
* Julius Baer BAER.S: Morgan Stanley raises target price to CHF 62 from CHF 59 
* Julius Baer Gruppe AG BAER.S: BofA Global Research cuts PT to CHF 70 from CHF 71 
* Julius Baer Gruppe AG BAER.S: BofA Global Research raises to buy from neutral
* Landsec LAND.L: Barclays raises target price to 780p from 770p
* Mapfre MAP.MC: Barclays raises target price to EUR 3.78 from EUR 3.75 
* Merck KGaA MRCG.DE: Jefferies assumes coverage with hold vs buy rating
* Merck KGaA MRCG.DE: Jefferies assumes coverage with PT EUR 129 vs EUR 180 
* Munich Re MUVGn.DE: Barclays cuts target price to EUR 575 from EUR 606 
* NN Group NV NN.AS: Berenberg raises target price to EUR 94.6 from EUR 86 
* Novonesis NSISb.CO: Morgan Stanley cuts target price to DKK 552 from DKK 560 
* Qinetiq Group Plc QQ.L: Peel Hunt raises target price to 615p from 500p 
* Qinetiq Group Plc QQ.L: Peel Hunt raises to buy from hold
* Richemont CFR.S: Barclays cuts target price to CHF 195 from CHF 200 
* Rio Tinto RIO.L: Citigroup raises target price to 7600p from 7200p 
* Rio Tinto RIO.L: JP Morgan raises target price to 8,280p from 7,200p 
* Rockwool ROCKb.CO: Bernstein raises target price to DKK 245 from DKK 235 
* RS Group Plc RS1R.L: Peel Hunt raises target price to 800p from 700p 
* Sage Group SGE.L: Deutsche Bank cuts target price to 900p from 1000p 
* Sartorius AG SATG_p.DE: Alphavalue cuts target price to EUR 257 from EUR 267 
* Science Group Plc SAGS.L: Peel Hunt initiates coverage with buy rating
* Science Group Plc SAGS.L: Peel Hunt initiates coverage with target price 755p 
* Scor SCOR.PA: Barclays raises target price to EUR 31.50 from EUR 30.60 
* Societe Generale SOGN.PA: Deutsche Bank raises target price to EUR 79 from EUR 78 
* Softcat Plc SCTS.L: Berenberg raises target price to 1950p from 1900p 
* Softcat Plc SCTS.L: Deutsche Bank raises target price to 1,800p from 1,700p 
* Swiss Life Holding AG SLHN.S: Berenberg raises PT to CHF 1014 from CHF 979 
* Swiss Re SRENH.S: Barclays cuts target price to CHF 113 from CHF 114 
* Tate & Lyle TATE.L: Barclays raises target price to 525p from 395p 
* Taylor Wimpey TW.L: Goldman Sachs cuts target price to 75p from 95p 
* Taylor Wimpey TW.L: Goldman Sachs cuts to sell from neutral 
* Tecan TECN.S: UBS cuts target price to CHF 162 from CHF 164
* Ubisoft Entertainment SA UBIP.PA: Barclays raises PT to EUR 5.45 from EUR 4.30 
* Unipol UNPI.MI: Barclays raises target price to EUR 23.50 from EUR 23 
* VGP NV VGP1.BR: Jefferies cuts target price to EUR 96 from EUR 99 
* VGP NV VGP1.BR: Jefferies raises to buy from hold
* Vistry Group Plc VTYV.L: Goldman Sachs cuts target price to 365p from 625p 
* Wacker Chemie WCHG.DE: UBS cuts to neutral from buy 
* Wacker Chemie WCHG.DE: UBS raises target price to EUR 104 from EUR 84 
* Ypsomed Holding AG YPSN.S: Jefferies initiates coverage with price target CHF 280 
* Ypsomed Holding AG YPSN.S: Jefferies initiates coverage with underperform rating
* Zurich Insurance Group AG ZURN.S: Berenberg raises PT to CHF 711 from CHF 656 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))