Europe Research Roundup: Fresnillo, IMI, Novozymes

Cembra Money Bank AG

28/07/2020 08:10

July 28 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including BT, Finnair and Novozymes on Tuesday. 
    
    HIGHLIGHTS
     * BT  BT.L : Barclays raises to equal weight from underweight
     * Fresnillo Plc  FRES.L : RBC raises target price to 1,300p from 1,100p
     * IMI Plc  IMI.L : Credit Suisse raises to neutral from underperform
     * Novozymes  NZYMb.CO : Barclays initiates with underweight rating and PT of DKK 350
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.

     * ABB Ltd  ABBN.S : Cowen and Company raises target price to CHF 28
     * Ascential  ASCL.L : Barclays cuts target price to 280p from 285p
     * BT  BT.L : Barclays raises to equal weight from underweight
     * BT  BT.L : Barclays raises target price to 130p from 115p
     * Cairn Energy Plc  CNE.L : Barclays raises target price to 225p from 195p
     * Ceconomy AG  CECG.DE : HSBC raises target price to EUR 3.6 from EUR 2
     * Cembra Money Bank AG  CMBN.S : Credit Suisse raises target price to CHF 111 from CHF 106
     * Baloise Holding AG  BALN.S : HSBC raises to hold from reduce
     * Faurecia  EPED.PA : JP Morgan raises target price to EUR 45 from EUR 30
     * Finnair Plc  FIA1S.HE : HSBC raises to buy from hold; cuts PT to EUR 0.60 from EUR 0.65
     * Fresnillo Plc  FRES.L : RBC raises target price to 1,300p from 1,100p
     * Galp Energia SA  GALP.LS : Credit Suisse cuts target price to EUR 14.3 from EUR 15
     * Gecina SA  GFCP.PA : Barclays raises target price to EUR 131 from EUR 130
     * IMI Plc  IMI.L : Barclays raises target price to 1230p from 1140p
     * IMI Plc  IMI.L : Credit Suisse raises target price to 1150p from 810p
     * IMI Plc  IMI.L : Credit Suisse raises to neutral from underperform
     * Klepierre  LOIM.PA : Citigroup cuts price target to EUR 11.5 from EUR 22.2
     * Novozymes  NZYMb.CO : Barclays initiates with underweight rating and PT of DKK 350
     * Ryanair  RYA.I : Barclays cuts target price to EUR 11.4 from EUR 11.6
     * Ryanair  RYA.I : HSBC cuts target price to EUR 13.75 from EUR 14
     * Sage Group  SGE.L : JP Morgan cuts to underweight from neutral
     * SAP SE  SAPG.DE : Evercore ISI raises target price to EUR 150 from EUR 146
     * Scor  SCOR.PA : HSBC cuts target price to EUR 33 from EUR 36
     * Siltronic AG  WAFGn.DE : Credit Suisse raises target price to EUR 90 from EUR 80
     * United Internet AG  UTDI.DE : HSBC raises target price to EUR 35 from EUR 30
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))