Europe Research Roundup: Allianz, Mercedes-Benz, Tesco
EUROPE RESEARCH ROUNDUP-Allianz, Mercedes-Benz, Tesco Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Allianz, Mercedes-Benz and Tesco, on Friday.
HIGHLIGHTS
* Allianz SE ALVG.DE: Jefferies raises target price to EUR 440 from EUR 420 |
* Hexagon HEXAb.ST: JP Morgan raises to overweight from neutral |
* Mercedes-Benz MBGN.DE: HSBC cuts target price to EUR 61 from EUR 63 |
* Shell SHEL.L: Berenberg raises target price to 4,300p from 4,000p |
* Tesco TSCO.L: JP Morgan raises target price to 500p from 490p |
Following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries are in alphabetical order.
* Aker BP AKRBP.OL: Berenberg raises target price to NOK 350.0 from NOK 340.0 |
* Allianz SE ALVG.DE: Jefferies raises target price to EUR 440 from EUR 420 |
* Alstom ALSO.PA: UBS cuts target price to EUR 18 from EUR 24 |
* Amplifon SpA AMPF.MI: Morgan Stanley raises target price to EUR 14.96 from EUR 14.9 |
* Amundi SA AMUN.PA: Jefferies raises target price to EUR 105 from EUR 95 |
* Andritz AG ANDR.VI: JP Morgan raises target price to EUR 94 from EUR 93 |
* Arcadis NV ARDS.AS: Jefferies cuts target price to EUR 50 from EUR 55 |
* ArcelorMittal MT.AS: UBS raises to buy from neutral |
* Arcelormittal MT.AS: UBS raises target price to EUR 71 from EUR 61 |
* Argenx SE ARGX.BR: Bernstein cuts target price to EUR 955 from EUR 986 |
* Banco Comercial Portugues S.A. BCP.LS: UBS cuts PT to EUR 1.34 from EUR 1.35 |
* Barclays BARC.L: RBC cuts target price to 525p from 550p |
* Biomerieux SA BIOX.PA: Morgan Stanley raises target price to EUR 71 from EUR 66 |
* BP BP.L: Berenberg raises target price to 650p from 605p |
* Bureau Veritas BVI.PA: Citigroup raises target price to EUR 31.54 from EUR 31.44 |
* Bureau Veritas BVI.PA: Citigroup raises to buy from neutral |
* Coloplast COLOb.CO: Jefferies cuts target price to DKK 575 from DKK 625 |
* Computacenter Plc CCC.L: BofA Global Research raises price objective to 6951p from 6610p |
* Convatec Group Plc CTEC.L: Morgan Stanley cuts target price to 288p from 289p |
* CRH Plc CRH.N: RBC cuts target price to $135 from $165 |
* DCC DCC.L: Peel Hunt cuts to hold from add; raises target price to 6567p from 6350p |
* Demant DEMANT.CO: Morgan Stanley raises target price to DKK 399 from DKK 388 |
* DHL Group DHLn.DE: Jefferies raises target price to EUR 61 from EUR 59 |
* Diasorin S.P.A. DIAS.MI: Morgan Stanley raises target price to EUR 78 from EUR 71 |
* DPC Holdings Plc DPC.N: Barclays initiates with overweight rating and target price $49 |
* DSV DSV.CO: JP Morgan cuts target price to DKK 1400 from DKK 2165 |
* DSV DSV.CO: JP Morgan cuts to neutral from overweight |
* E.ON EONGn.DE: Morgan Stanley cuts target price to EUR 21 from EUR 22 |
* Enel ENEI.MI: Morgan Stanley cuts target price to EUR 8.5 from EUR 9.2 |
* Energean Plc ENOG.L: Berenberg raises target price to 800p from 780p |
* ENI ENI.MI: Berenberg raises target price to EUR 26.0 from EUR 25.5 |
* Equinor EQNR.OL: Berenberg raises target price to NOK 365.0 from NOK 335.0 |
* Essilorluxottica ESLX.PA: BofA Global Research cuts price objective to EUR 205 from EUR 237 |
* Getlink GETP.PA: UBS cuts target price to EUR 19.6 from EUR 19.8 |
* GN Store Nord GN.CO: Alphavalue cuts target price to DKK 141 from DKK 158 |
* Greggs GRG.L: RBC raises target price to 2000p from 1960p |
* Harbour Energy Plc HBR.L: Berenberg raises target price to 295p from 245p |
* Harbour Energy Plc HBR.L: BofA Global Research ups price objective to 360p from 350p |
* Heidelberg Materials HEIG.DE: RBC cuts target price to EUR 211 from EUR 217 |
* Heidelberg Materials HEIG.DE: RBC raises to outperform from sector perform |
* Hexagon HEXAb.ST: JP Morgan raises target price to SEK 125 from SEK 90 |
* Hexagon HEXAb.ST: JP Morgan raises to overweight from neutral |
* Holcim AG HOLN.S: RBC cuts target price to CHF 69 from CHF 73 |
* ING Groep N.V. INGA.AS: RBC raises target price to EUR 33 from EUR 32 |
* Ithaca Energy Plc ITH.L: Berenberg raises target price to 350p from 315p |
* JD Sports JD.L: JP Morgan cuts target price to 85p from 86p |
* Kingspan Group Plc KRX.I: RBC raises target price to EUR 131 from EUR 122 |
* Kistos Holdings Plc KIST.L: Berenberg raises target price to 420p from 405p |
* Knorr Bremse AG KBX.DE: Jefferies raises target price to EUR 126 from EUR 125 |
* Koninklijke Philips N.V. PHG.AS: Morgan Stanley cuts target to EUR 21 from EUR 22 |
* Kuehne+Nagel KNIN.S: JP Morgan raises target price to CHF 185 from CHF 175 |
* Lotus Bakeries NV LOTB.BR: Morgan Stanley initiates with equal weight rating; PT EUR 12 |
* Mercedes-Benz MBGN.DE: HSBC cuts target price to EUR 61 from EUR 63 |
* Morgan Advanced Materials MGAMM.L: RBC raises target price to 330p from 250p |
* Morgan Advanced Materials MGAMM.L: RBC raises to outperform from sector perform |
* Nexans NEXS.PA: HSBC cuts target price to EUR 175 from EUR 180 |
* Next Plc NXT.L: JP Morgan raises target price to 14400p from 14040p |
* Novo NOVOb.CO: Citigroup cuts target price to DKK 296 from DKK 310 |
* OMV Aktiengesellschaft OMVV.VI: Berenberg raises target to EUR 67.0 from EUR 55.0 |
* Pandox AB PANDXb.ST: UBS raises target price to SEK 232 from SEK 228 |
* Pearson Plc PSON.L: UBS cuts to neutral from buy |
* Pennon Group Plc PNN.L: Citigroup cuts target price to 438p from 552p |
* Pennon Group Plc PNN.L: RBC cuts target price to 400p from 575p |
* Pennon Group Plc PNN.L: RBC cuts to sector perform from outperform |
* Qiagen NV QIA.DE: Morgan Stanley raises target price to EUR 44 from EUR 42 |
* Rational AG RAAG.DE: RBC raises target price to EUR 700 from EUR 680 |
* Rational AG RAAG.DE: RBC raises to outperform from sector perform |
* Remy Cointreau RCOP.PA: Alphavalue cuts target price to EUR 40.5 from EUR 45.3 |
* Repsol REP.MC: Berenberg cuts target price to EUR 37.0 from EUR 37.5 |
* Repsol REP.MC: Jefferies raises target price to EUR 35 from EUR 34 |
* Rheinmetall AG RHMG.DE: Berenberg cuts target price to EUR 1020 from EUR 1600 |
* Rheinmetall AG RHMG.DE: Berenberg cuts to hold from buy |
* Rockwool ROCKb.CO: RBC cuts target price to DKK 195 from DKK 197 |
* RS Group Plc RS1R.L: Citigroup raises target price to 900p from 650p |
* Sainsbury SBRY.L: JP Morgan raises target price to 388p from 358p |
* Saint-Gobain SGOB.PA: RBC cuts target price to EUR 80 from EUR 97 |
* Saint-Gobain SGOB.PA: RBC cuts to sector perform from outperform |
* Saipem SpA SPMI.MI: Bernstein raises target price to EUR 5.44 from EUR 4.96 |
* Salzgitter SZGG.DE: UBS raises target price to EUR 71 from EUR 56 |
* Salzgitter SZGG.DE: UBS raises to buy from neutral |
* Serica Energy Plc SQZ.L: Berenberg raises target price to 375p from 360p |
* SES SA SESFd.PA: Barclays cuts target price to EUR 3.7 from EUR 5.15 |
* Shell SHEL.L: Berenberg raises target price to 4300p from 4000p |
* Sika AG SIKA.S: RBC raises target price to CHF 179 from CHF 178 |
* Smith+Nephew Plc SN.L: Morgan Stanley cuts target price to 1076p from 1158p |
* Soitec SA SOIT.PA: BofA Global Research raises price objective to EUR 300 from EUR 152 |
* Soitec SA SOIT.PA: BofA Global Research raises to buy from neutral |
* Sonova Holding AG SOON.S: Morgan Stanley raises target price to CHF 259 from CHF 245 |
* Sopra Steria Group SA SOPR.PA: BofA Global Research cuts price objective to EUR 210 from EUR 213 |
* Springer Nature SPGG.DE: Barclays raises target price to EUR 25.15 from EUR 24.8 |
* Stillfront Group SFRG.ST: Barclays raises target price to SEK 9.5 from SEK 5.85 |
* Straumann Holding AG STMN.S: Morgan Stanley raises target price to CHF 90 from CHF 89 |
* Teamviewer SE TMV.DE: BofA Global Research cuts price objective to EUR 9.5 from EUR 9.7 |
* Tecan Group AG TECN.S: Morgan Stanley raises target price to CHF 227 from CHF 178 |
* Technip Energies N.V. TE.PA: BofA Global Research cuts price objective to EUR 33 from EUR 34 |
* Tesco TSCO.L: Jefferies raises target price to 500p from 480p |
* Tesco TSCO.L: JP Morgan raises target price to 500p from 490p |
* Tesco TSCO.L: Morgan Stanley raises target price to 580p from 550p |
* Tesco Plc TSCO.L: UBS raises target price to 565p from 545p |
* Totalenergies SE TTEF.PA: Berenberg raises target price to EUR 84.0 from EUR 78.0 |
* TRYG TRYG.CO: Jefferies raises target price to DKK 155 from DKK 152 |
* Ubisoft Entertainment SA UBIP.PA: Barclays raises target to EUR 5.85 from EUR 5.45 |
* Unite Group UTG.L: Berenberg cuts target price to 634p from 668p |
* Unite Group UTG.L: Morgan Stanley cuts target price to 560p from 600p |
* Vestas VWS.CO: Jefferies cuts target price to DKK 252 from DKK 255 |
* Vicore pharma Holding AB VICOR.ST: Jefferies initiates with buy rating; PT SEK 23 |
* Voestalpine VOES.VI: UBS raises target price to EUR 64 from EUR 49 |
* Voestalpine VOES.VI: UBS raises to buy from neutral |
* Wartsila WRT1V.HE: Alphavalue cuts to add from buy |
* Wienerberger AG WBSV.VI: Berenberg cuts target price to EUR 19 from EUR 25 |
* Wizz Air WIZZ.L: Barclays cuts target price to 1200p from 1250p |
* Yara YAR.OL: JP Morgan cuts target price to NOK 390 from NOK 400 |
(Compiled by Bengaluru Newsroom)