Europe Research Roundup: Banco, Shell, WH Smith

Elementis

12/09/2024 08:10

Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Banco, Shell and WH Smith on Thursday.

    HIGHLIGHTS  

                 * ABN Amro Bank NV  ABNd.AS : JP Morgan raises to neutral from underweight
 
                 * Banco Bpm  BAMI.MI : JP Morgan raises to neutral from underweight
 
                 * Shell Plc  SHEL.L : Berenberg cuts target price to 3,100p from 3,400p
 
                 * UMG  UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.5
 
                 * WH Smith  SMWH.L : Barclays raises target price to 1590p from 1535p
 
 
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
      
                 * ABN Amro Bank NV  ABNd.AS : JP Morgan raises to neutral from underweight
 
                 * Aker BP ASA  AKRBP.OL : Berenberg raises target price to NOK 270 from NOK 260
 
                 * Alten SA  LTEN.PA : Stifel cuts target price to EUR 130 from EUR 145
 
                 * Avanza Bank  AVANZ.ST : Citigroup cuts target price to SEK 310 from SEK 320
 
                 * Banco Bpm  BAMI.MI : JP Morgan raises target price to EUR 6.4 from EUR 6
 
                 * Banco Bpm  BAMI.MI : JP Morgan raises to neutral from underweight
 
                 * BMW  BMWG.DE : RBC cuts target price to EUR 81 from EUR 98
 
                 * BP  BP.L : Berenberg cuts target price to 470p from 510p
 
                 * British Land  BLND.L : Jefferies raises target price to 317p from 310p
 
                 * Commerzbank AG  CBKG.DE : JP Morgan raises to overweight from neutral
 
                 * Derwent London Plc  DLN.L : Jefferies raises target price to 2,118p from 2,023p
 
                 * D'Ieteren Group  IETB.BN : Barclays raises target price to CHF 275 from CHF 255
 
                 * Dunelm Group Plc  DNLM.L : Barclays raises target price to 1350p from 1325p
 
                 * EasyJet  EZJ.L : JP Morgan raises target price to 660p from 650p
 
                 * Elementis Plc  ELM.L : JP Morgan raises target price to 186p from 172p
 
                 * Energean Plc  ENOG.L : Berenberg cuts target price to 1175p from 1305p
 
                 * ENI  ENI.MI : Berenberg cuts target price to EUR 15.8 from EUR 16.5
 
                 * Equinor ASA  EQNR.OL : Berenberg raises to hold from 
 
                 * Equinor ASA  EQNR.OL : Berenberg raises raises target price to NOK 290 from NOK 260
 
                 * Fielmann  FIEG.DE : HSBC raises target price to EUR 65 from EUR 61
 
                 * Globaldata Plc  DATA.L : Berenberg initiates coverage with buy rating and 295p price target
 
                 * Great Portland Estates Plc  GPEG.L : Jefferies raises target price to 313p from 300p
 
                 * Harbour Energy Plc  HBR.L : Berenberg cuts target price to 320p from 356p
 
                 * Inditex  ITX.MC : JP Morgan raises target price to EUR 52 from EUR 48
 
                 * Italgas  IG.MI : Barclays cuts target price to EUR 5.5 from EUR 5.6
 
                 * Kistos Holdings Plc  KIST.L : Berenberg cuts target price to 280p from 300p
 
                 * Land Securities  LAND.L : Jefferies raises target price to 515p from 504p
 
                 * Midwich Group Plc  MIDWM.L : HSBC cuts target price to 340p from 425p
 
                 * Neste Corporation  NESTE.HE : Morgan Stanley cuts PT to EUR 23.2 from EUR 27.5
 
                 * OMV AG  OMVV.VI : Berenberg cuts target price to EUR 43 from EUR 49
 
                 * Persimmon  PSN.L : RBC raises target price to 1500p from 1475p
 
                 * Pluxee  PLX.PA : Barclays cuts target price to EUR 26 from EUR 28
 
                 * PSP Swiss Property AG  PSPN.S : Berenberg raises target price to CHF 132 from CHF 130
 
                 * Rentokil  RTO.L : Citigroup cuts target price to 550p from 675p
 
                 * Rentokil  RTO.L : Jefferies cuts target price to 520p from 590p
 
                 * Rentokil Initial  RTO.L : Barclays cuts target price to 600p from 640p
 
                 * Repsol  REP.MC : Berenberg cuts target price to EUR 13.5 from EUR 15.5
 
                 * RWE  RWEG.DE : HSBC raises target price to EUR 49 from EUR 48
 
                 * Safran  SAF.PA : RBC initiates coverage with outperform rating; price target EUR 240
 
                 * Sanofi  SASY.PA : TD Cowen raises target price to EUR 122 from EUR 102
 
                 * Shell Plc  SHEL.AS : Berenberg cuts target price to EUR 36 from EUR 40
 
                 * Shell Plc  SHEL.L : Berenberg cuts target price to 3,100p from 3,400p
 
                 * SIG Plc  SHI.L : Jefferies cuts target price to 21.9p from 26.2p
 
                 * Snam  SRG.MI : Barclays cuts target price to EUR 5.2 from EUR 5.3
 
                 * Terna  TRN.MI : Barclays raises target price to EUR 8.2 from EUR 8
 
                 * Totalenergies SE  TTEF.PA : Berenberg cuts target price to EUR 71 from EUR 75
 
                 * UMG  UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.5
 
                 * UPM-Kymmene Oyj  UPM.HE : Jefferies cuts target price to EUR 33 from EUR 34.5
 
                 * WH Smith  SMWH.L : Barclays raises target price to 1590p from 1535p
 
                 * Wickes Group Plc  WIX.L : Peel Hunt raises target price to 190p from 170p
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))