Europe Research Roundup: Alfa Financial Software Holdings, Kingfisher, SSE

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17/09/2026 08:08

       Sept 17 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Alfa Financial Software Holdings, Kingfisher and SSE, on
Thursday.
        
    HIGHLIGHTS
        
     * Alfa Financial Software Holdings Plc  ALFAAL.L : Berenberg initiates coverage with buy rating
     * Chemometec A/S  CHEMM.CO : Berenberg cuts target price to DKK 640 from DKK 650 
     * Kingfisher  KGF.L : Deutsche Bank raises to hold from sell 
     * Ocado  OCDO.L : Berenberg initiates coverage with target price 330p 
     * SSE  SSE.L : Berenberg raises target price to 2980p from 2800p 
 
    Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
    
     * Abionyx pharma SA  ABNX.PA : Stifel initiates coverage with buy rating
     * Abionyx pharma SA  ABNX.PA : Stifel initiates coverage with price target EUR 8.5 
     * Adidas AG  ADSGn.DE : BofA Global Research cuts PT to EUR 156 from EUR 184 
     * Alfa Financial Software Holdings Plc  ALFAAL.L : Berenberg initiates coverage PT 260p 
     * Alfa Financial Software Holdings Plc  ALFAAL.L : Berenberg initiates coverage with buy rating
     * Allfunds  ALLFG.AS : Deutsche Bank cuts to hold from buy 
     * Ashtead Technology Holdings Plc  ATAS.L : Canaccord Genuity cuts PT to 500p from 600p 
     * Assa Abloy  ASSAb.ST : Deutsche Bank raises target price to SEK 360 from SEK 350 
     * Barratt Redrow Plc  BTRW.L : Stifel raises target price to 315p from 290p 
     * Beauty Tech Group Plc  TBTG.L : Berenberg raises target price to 600p from 550p 
     * Bytes Technology Group Plc  BYIT.L : Panmure Liberum raises PT to 510p from 475p 
     * Chemometec A/S  CHEMM.CO : Berenberg cuts target price to DKK 640 from DKK 650 
     * Danieli & C Officine Meccaniche SpA  DANI.MI : Jefferies initiates coverage with buy rating
     * Danieli & C Officine Meccaniche SpA  DANI.MI : Jefferies initiates coverage with PT EUR 75 
     * DIGI Spain   DIGIS.MC : Morgan Stanley initiates coverage with equal weight rating
     * DIGI Spain   DIGIS.MC : Morgan Stanley initiates coverage with target price EUR 7 
     * Everplay Group Plc  EVPL.L : Barclays raises target price to 440p from 315p 
     * Galliford TRY  GFRD.L : Berenberg raises target price to 750p from 680p 
     * Galliford TRY  GFRD.L : Peel Hunt raises target price to 750p from 700p 
     * Inwit S.P.A.  INWT.MI : Deutsche Bank cuts target price to EUR 9 from EUR 9.5 
     * JD Sports  JD.L : BofA Global Research cuts price objective to 82p from 96p 
     * JD Sports  JD.L : Morgan Stanley cuts target price to 80p from 85p 
     * Kingfisher  KGF.L : Deutsche Bank raises target price to 300p from 260p 
     * Kingfisher  KGF.L : Deutsche Bank raises to hold from sell 
     * LVMH  LVMH.PA : Barclays cuts target price to EUR 590 from EUR 620 
     * M&S  MKS.L : Morgan Stanley raises target price to 478p from 439p 
     * Man Group Plc  EMG.L : UBS raises target price to 365p from 335p 
     * Man Group Plc  EMG.L : UBS raises to buy from neutral 
     * Medacta Group SA  MOVE.S : Stifel cuts target price to CHF 150 from CHF 180 
     * Moncler  MONC.MI : Bernstein raises to outperform from market perform rating 
     * Moncler  MONC.MI : Jefferies cuts target price to EUR 48.30 from EUR 53
     * Ocado  OCDO.L : Berenberg initiates coverage with buy rating
     * Ocado  OCDO.L : Berenberg initiates coverage with target price 330p 
     * ON The Beach Group Plc  OTB.L : Peel Hunt cuts target price to 250p from 350p 
     * Porsche AG  P911_p.DE : Deutsche Bank raises target price to EUR 55 from EUR 45 
     * Puma SE  PUMG.DE : BofA Global Research cuts price objective to EUR 21 from EUR 26 
     * Qualco Group SA  QLCOr.AT : UBS raises target price to EUR 6.75 from EUR 6.5 
     * Rieter  RIEN.S : UBS cuts target price to CHF 2 from CHF 3.1 
     * Rieter  RIEN.S : UBS cuts to sell from neutral 
     * Sandvik AB  SAND.ST : JP Morgan raises target price to SEK 415 from SEK 400 
     * Sodexo  EXHO.PA : JP Morgan raises to overweight from neutral
     * Sodexo  EXHO.PA : JP Morganraises target price to EUR 68 from EUR 54 
     * Sonova Holding AG  SOON.S : BofA Global Research raises PO to CHF 280 from CHF 225 
     * SSE  SSE.L : Berenberg raises target price to 2980p from 2800p 
     * Technip Energies N.V.  TE.PA : Citigroup cuts target price to EUR 36.5 from EUR 41 
     * Telefonica  TEF.MC : Morgan Stanley assumes coverage with equal weight rating
     * Telefonica  TEF.MC : Morgan Stanley assumes coverage with PT EUR 3.8 vs EUR 4.3 
     * Trufin Plc  TRU.L : Panmure Liberum cuts target price to 109p from 193p 
     * WH Smith  SMWH.L : Barclays cuts target price to 420p from 455p 
     * WH Smith  SMWH.L : Deutsche Bank cuts target price to 350p from 390p 
     * Ypsomed Holding AG  YPSN.S : Stifel cuts PT to CHF 380 from CHF 405 
     * Ypsomed Holding AG  YPSN.S : Stifel cuts to hold from buy
     * Zegona Communications Plc  ZEG.L : Canaccord Genuity cuts PT to 2450p from 2500p 
     * Zegona Communications Plc  ZEG.L : Morgan Stanley initiates coverage with overweight rating
     * Zegona Communications Plc  ZEG.L : Morgan Stanley initiates coverage with PT 2,200p 
 
    (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))