Europe Research Roundup: Azelis, Drax Group, Rentokil Initial

Elementis

08/04/2024 13:28

April 8 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Azelis, Drax Group and Rentokil Initial on Monday. 
    
    HIGHLIGHTS
  
     * Azelis  AZE.BR : JP Morgan raises target price to EUR 27 from EUR 25.5
     * Drax Group Plc  DRX.L : HSBC raises target price to 500p from 470p
     * Rentokil Initial  RTO.L : HSBC cuts target price to 480p from 495p
     * Volvo AB  VOLVb.ST : Jefferies raises to buy from hold
     * Wacker Chemie AG  WCHG.DE : Citigroup raises to buy from sell
    
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
    
                 * Abrdn Plc  ABDN.L : BofA Global Research cuts price objective to 150p from
 160p
 
                 * Adyen NV  ADYEN.AS : Stifel raises target price to EUR 1,850 from EUR 1,450
 
     * Alstom  ALSO.PA : JP Morgan cuts target price to EUR 13.90 from EUR 14.40
     * Anglo American  AAL.L : Bernstein raises target price to 2,100p from 2,080p
                 * Anora Group Oyj  ANORA.HE : Inderes cuts to accumulate from buy; target price
 EUR 5.5
 
     * Antofagasta  ANTO.L : Bernstein raises target price to 1770p from 1310p
     * Aperam SA  APAM.AS : Deutsche Bank cuts target price to EUR 42 from EUR 43
     * Arkema SA  AKE.PA : Citigroup cuts to neutral from buy
                 * Ashmore  ASHM.L : BofA Global Research cuts price objective to 210p from 230p
 
     * Atlas Copco AB  ATCOa.ST : Citigroup raises target price to SEK 205 from SEK 186
     * Azelis  AZE.BR : JP Morgan raises target price to EUR 27 from EUR 25.5
     * BASF SE  BASFn.DE : Citigroup raises target price to EUR 56 from EUR 45
     * Beazley  BEZG.L : Jefferies raises target price to 975p from 915p
     * Believe SA  BLV.PA : Bernstein cuts to market-perform from outperform
     * BHP Group  BHPB.L : Bernstein cuts target price to 2,300p from 2,450p
     * Boliden AB  BOL.ST : Bernstein cuts target price to SEK 255 from SEK 314
     * Carlsberg  CARLb.CO : Barclays raises target price to DKK 1008 from DKK 1002
     * Carlsberg  CARLb.CO : Deutsche Bank raises target price to DKK 1100 from DKK 1080
     * Central Asia Metals Plc  CAML.L : Peel Hunt cuts target price to 285p from 290p
     * Clariant AG  CLN.S : Citigroup raises target price to CHF 16 from CHF 11.5
     * Clariant AG  CLN.S : Citigroup raises to buy from neutral
     * Continental AG  CONG.DE : Jefferies raises target price to EUR 73 from EUR 72
     * Continental AG  CONG.DE : Jefferies raises to buy from hold
     * Croda  CRDA.L : Barclays raises target price to 5100p from 5000p
     * Daimler Truck Holding AG  DTGGe.DE : Jefferies raises PT  EUR 55 from EUR 43
     * Danone  DANO.PA : Morgan Stanley cuts target price to EUR 67 from EUR 69
     * Diasorin SpA  DIAS.MI : UBS initiates coverage with buy rating and PT EUR 105
     * Drax Group Plc  DRX.L : HSBC raises target price to 500p from 470p
     * EasyJet  EZJ.L : UBS raises target price to 850p from 820p
     * Elementis Plc  ELM.L : Barclays raises target price to 155p from 137p
     * Elkem ASA  ELK.OL : Citigroup raises target price to NOK 23 from NOK 22.5
     * Evonik Industries AG  EVKn.DE : Citigroup raises target price to EUR 22 from EUR 17
     * Evonik Industries AG  EVKn.DE : Citigroup raises to buy from neutral
     * Flutter Entertainment Plc  FLTRF.L : Morgan Stanley raises PT  18400p from 16200p
     * Glencore  GLEN.L : Bernstein cuts target price to 560p from 585p
     * GSK  GSK.L : Barclays raises target price to 1725p from 1575p
     * Hargreaves Lansdown Plc  HRGV.L : UBS raises target price to 680p from 650p
     * Hexagon  HEXAb.ST : Barclays raises target price to SEK 110 from SEK 100
     * Hiscox  HSX.L : Jefferies raises target price to 1,200p from 1,100p
     * IWG  IWG.L : Peel Hunt raises target price to 215p from 170p
     * Kering  PRTP.PA : Jefferies cuts target price to EUR 370 from EUR 400
     * Lancashire Holdings  LRE.L : Jefferies cuts target price to 740p from 795p
     * Lanxess AG  LXSG.DE : Citigroup raises target price to EUR 29 from EUR 25.5
     * L'Oreal  OREP.PA : Barclays cuts target price to EUR 462 from EUR 467
                 * Man Group Plc  EMG.L : BofA Global Research raises price objective to 315p
 from 300p
 
     * Michelin  MICP.PA : Jefferies cuts to underperform from hold
     * Michelin  MICP.PA : Jefferies raises target price to EUR 30 from EUR 28
     * Moncler  MONC.MI : Barclays raises target price to EUR 67 from EUR 60
     * Nexans  NEXS.PA : HSBC raises target price to EUR 105 from EUR 97
                 * Nexity SA  NEXI.PA : Stifel cuts target price to EUR 8.5 from EUR 9
 
                 * Onward Medical NV  ONWD.BR : Stifel initiates coverage with buy rating and EUR
 12 PT
 
     * Pernod Ricard  PERP.PA : Barclays cuts target price to EUR 136 from EUR 148
     * Pirelli & C SpA  PIRC.MI : Jefferies raises target price to EUR 6.9 from EUR 5.2
     * Pirelli & C SpA  PIRC.MI : Jefferies raises to buy from hold
     * Prosiebensat 1 Media SE  PSMGn.DE : Citigroup raises PT  EUR 13 from EUR 12.5
     * Prudential  PRU.L : Deutsche Bank cuts target price to 1325p from 1390p
     * Rentokil Initial  RTO.L : HSBC cuts target price to 480p from 495p
     * Rio Tinto  RIO.L : Bernstein cuts target price to 6,100p from 6,200p
     * Rockwool A/S  ROCKb.CO : Barclays raises target price to DKK 2700 from DKK 2630
     * RS Group  RS1R.L : HSBC cuts target price to 935p from 1025p
                 * Safran  SAF.PA : BofA Global Research raises price objective to EUR 260 from
 EUR 230
 
     * Saint-Gobain  SGOB.PA : Barclays raises target price to EUR 87 from EUR 76
     * Savills  SVS.L : Peel Hunt raises target price to 1,100p from 1,025p
                 * SES SA  SESFd.PA : BofA Global Research raises price objective to EUR 5.5 from
 EUR 5
 
     * Soitec SA  SOIT.PA : JP Morgan cuts target price to EUR 95 from EUR 109
     * Solvay  SOLB.BR : Citigroup raises target price to EUR 29 from EUR 24
     * SSAB AB  SSABa.ST : Jefferies cuts target price to SEK 80 from SEK 85
     * Swedish Steel AB  SSABa.ST : UBS cuts target price to SEK 83 from SEK 88
     * Symrise AG  SY1G.DE : Barclays raises target price to EUR 110 from EUR 100
     * Teleperformance  TEPRF.PA : Deutsche Bank cuts target price to EUR 110 from EUR 140
     * Traton SE  8TRA.DE : Jefferies raises target price to EUR 37 from EUR 20
     * Traton SE  8TRA.DE : JP Morgan raises target price to EUR 28 from EUR 24
     * VAT Group AG  VACN.S : Morgan Stanley raises target price to CHF 530 from CHF 460
     * Volvo AB  VOLVb.ST : Jefferies raises target price to SEK 330 from SEK 215
     * Volvo AB  VOLVb.ST : Jefferies raises to buy from hold
     * Volvo AB  VOLVb.ST : JP Morgan raises target price to SEK 290 from SEK 250
     * Wacker Chemie AG  WCHG.DE : Citigroup raises target price to EUR 130 from EUR 95
     * Wacker Chemie AG  WCHG.DE : Citigroup raises to buy from sell
     * Wood Plc  WG.L : Berenberg cuts target price to 150p from 180p
     * Zalando SE  ZALG.DE : Citigroup raises target price to EUR 32 from EUR 20.5
     * Zalando SE  ZALG.DE : Citigroup raises to buy from neutral
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))