Europe Research Roundup: Adyen, Lanxess, Novozymes

Elior SA

21/06/2023 08:07

June 21 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Adyen, Lanxess and Novozymes, on Wednesday. 
    
    HIGHLIGHTS  
    
     * Adyen NV  ADYEN.AS : Jefferies raises target price to EUR 1,983 from EUR 1,657
     * Lanxess AG  LXSG.DE : HSBC cuts to hold from buy
     * Mondi  MNDI.L : Credit Suisse raises to neutral from underperform
     * Novozymes  NZYMb.CO : Jefferies cuts target price to DKK 380 from DKK 400
     * Oxford Biomedica Plc  OXB.L : JP Morgan initiates coverage with neutral rating; PT 495p
      
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
    
     * Biotage AB  BIOT.ST : Berenberg cuts target price to SEK 180 from SEK 263
     * Adyen NV  ADYEN.AS : Jefferies raises target price to EUR 1983 from EUR 1657
     * BASF SE  BASFn.DE : Jefferies cuts target price to EUR 47 from EUR 49
     * Castellum AB  CAST.ST : JP Morgan cuts target price to SEK 90 from SEK 115
     * Covestro AG  1COV.DE : HSBC cuts target price to EUR 43 from EUR 44
     * Elior Group SA  ELIOR.PA : JP Morgan cuts target price to EUR 2.5 from EUR 2.8
     * Entain  ENT.L : HSBC cuts target price to 1,830p from 1,840p
     * Evolution AB (Publ)  EVOG.ST : JP Morgan initiates with neutral rating; target SEK 1,370
     * Lanxess AG  LXSG.DE : HSBC cuts target price to EUR 30 from EUR 43
     * Lanxess AG  LXSG.DE : HSBC cuts to hold from buy
     * Lanxess AG  LXSG.DE : Jefferies cuts target price to EUR 28 from EUR 40
     * Lanxess AG  LXSG.DE : Jefferies cuts to hold from buy
     * Mensch Und Maschine Software SE  MUMG.DE : Berenberg initiates with buy rating; PT EUR 72
     * Mondi  MNDI.L : Credit Suisse cuts target price to 1,395p from 1,475p
     * Mondi  MNDI.L : Credit Suisse raises to neutral from underperform
     * Neste Oyj  NESTE.HE : JP Morgan cuts target price to EUR 50 from EUR 53
     * Novozymes  NZYMb.CO : Jefferies cuts target price to DKK 380 from DKK 400
     * Oxford Biomedica Plc  OXB.L : JP Morgan initiates coverage with neutral rating; PT 495p
     * Scout24 SE  G24n.DE : Credit Suisse raises target price to EUR 60 from EUR 55
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))