Europe Research Roundup: Antofagasta, Rational AG, Spirax-Sarco

Elisa Oyj

31/01/2024 11:57

Jan 31 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Antofagasta, Rational AG and Spirax-Sarco, on Wednesday. 
    
    HIGHLIGHTS  
     * Antofagasta  ANTO.L : Citigroup raises target price to 2100p from 1700p
     * Deutsche Bank AG  DBKGn.DE : Citigroup cuts to neutral from buy
     * Rational AG  RAAG.DE : Exane BNP Paribas cuts to underperform from neutral
     * Spirax-Sarco  SPX.L : Jefferies raises to hold from underperform
     * UCB SA  UCB.BR : Jefferies raises to buy from hold
      
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
    
     * AB Dynamics  ABDP.L : Jefferies cuts to underperform from hold; ups PT to 1,500p from 1,220p
     * Adidas AG  ADSGn.DE : TD Cowen cuts target price to EUR 158 from EUR 159
     * Alliance pharma Plc  ALAPH.L : RBC cuts target price to 60p from 65p
     * Ambu A/S  AMBUb.CO : JP Morgan raises target price to DKK 52 from DKK 47
     * Antofagasta  ANTO.L : Citigroup raises target price to 2100p from 1700p
     * Aviva  AV.L : Jefferies raises price target to 490p from 480p
     * Avolta AG  AVOL.S : JP Morgan cuts target price to CHF 60 from CHF 61
     * Avon Protection  AVON.L : Jefferies raises target price to 1,150p from 1,130p
     * Ayvens  ALDA.PA : Deutsche Bank cuts target price to EUR 10.25 from EUR 12
     * Banco Bilbao Vizcaya Argentaria SA  BBVA.MC : Barclays raises PT to EUR 10.1 from EUR 10
     * Barclays  BARC.L : Citigroup raises target price to 250p from 235p
     * Barry Callebaut AG  BARN.S : Citigroup cuts target price to CHF 1400 from CHF 1900
     * Barry Callebaut AG  BARN.S : Citigroup cuts to neutral from buy
     * BBVA  BBVA.MC : Berenberg raises target price to EUR 8.3 from EUR 7.8
     * BBVA  BBVA.MC : HSBC cuts to hold from buy
     * BBVA  BBVA.MC : JP Morgan raises target price to EUR 10.60 from EUR 10.10
     * BBVA  BBVA.MC : Morgan Stanley raises target price to EUR 10.5 from EUR 10
     * Bodycote Plc  BOY.L : Jefferies raises target price to 960p from 900p
     * Capricorn Energy  CNE.L : Stifel cuts target price to 153p from 189p
     * Care Property Invest NV  CPINV.BR : Berenberg cuts target price to EUR 15.5 from EUR 16
     * Central Asia Metals Plc  CAML.L : Peel Hunt cuts target price to 290p from 305p
     * Chemring Group Plc  CHG.L : Jefferies raises target price to 430p from 380p
     * Coats Group  COA.L : Jefferies raises target price to 100.00p from 97.00p
     * Derwent London Plc  DLN.L : Jefferies cuts price target to 1863p from 1913p
     * Deutsche Bank AG  DBKGn.DE : Citigroup cuts target price to EUR 13.4 from EUR 14
     * Deutsche Bank AG  DBKGn.DE : Citigroup cuts to neutral from buy
     * Deutsche Boerse  4GLD.DE : Morgan Stanley cuts target price to EUR 195 from EUR 201
     * Deutsche Boerse AG  DB1Gn.DE : Citigroup raises PT to EUR 194.00 from EUR 87.00
     * Deutsche Boerse AG  DB1Gn.DE : Morgan Stanley cuts target price to EUR 195 from EUR 201
     * Deutsche Telekom AG  DTEGn.DE : Citigroup raises target price to EUR 26 from EUR 25
     * Diageo  DGE.L : Bernstein cuts target price to 3,440p from 3,580p
     * Diageo  DGE.L : Deutsche Bank cuts target price to 2400p from 2450p
     * Diageo  DGE.L : Jefferies cuts price target to 2900p from 3000p
     * Diageo  DGE.L : JP Morgan cuts target price to 3200p from 3500p
                 * Diageo  DGE.L : TD Cowen cuts target price to 2800p from 3100p
 
                 * Diageo  DGE.L : UBS cuts target price to 2600p from 2650p
 
     * Diageo Plc  DGE.L : Barclays cuts target price to 35.5p from 37.3p
     * Discoverie Group Plc  DSCV.L : Jefferies raises target price to 815.00p from 695.00p
     * Dowlais Group Plc  DWL.L : Jefferies cuts target price to 160.00p from 170.00p
     * Ecora Resources Plc  ECORE.L : Berenberg raises target price to 160p from 150p
     * Ecora Resources Plc  ECORE.L : RBC cuts target price to 130p from 140p
     * EDP Renovaveis  EDPR.LS : Barclays cuts target price to EUR 18.3 from EUR 20.2
     * Elementis Plc  ELM.L : Jefferies raises to buy from hold; raises PT to 170p from 110p
     * Elis  ELIS.PA : Deutsche Bank raises target price to EUR 25.5 from EUR 25
     * Elisa Oyj  ELISA.HE : Morgan Stanley cuts target price to EUR 48 from EUR 49
     * Energias De Portugal  EDP.LS : Barclays cuts target price to EUR 5.3 from EUR 5.5
     * EQT AB  EQTAB.ST : Citigroup raises target price to SEK 255 from SEK 240
                 * Ericsson  ERICb.ST : UBS cuts target price to SEK 51 from SEK 54
 
                 * Ericsson  ERICb.ST : UBS cuts to sell from neutral
 
     * Essentra Plc  ESNT.L : Jefferies raises target price to 260.00p from 245.00p
     * Euronext NV  ENX.PA : Citigroup raises target price to EUR 107.00 from EUR 93.00
     * Euronext NV  ENX.PA : Morgan Stanley raises target price to EUR 96.1 from EUR 91.7
     * Fevertree Drinks Plc  FEVR.L : Morgan Stanley cuts target price to 1140p from 1240p
     * FMC AG  FMEG.DE : JP Morgan raises target price to EUR 33 from EUR 28
     * Fresenius Medical Care AG & Co KGaA  FMEG.DE : Barclays cuts PT to EUR 38.5 from EUR 39
     * Fresenius SE & Co KGaA  FREG.DE : Barclays cuts target price to EUR 36 from EUR 37
     * Fresnillo Plc  FRES.L : Morgan Stanley cuts target price to 480p from 510p
     * Geberit AG  GEBN.S : Morgan Stanley raises target price to CHF 412 from CHF 404
     * Great Portland Estates Plc  GPEG.L : Jefferies cuts price target to 343p from 352p
     * Halma  HLMA.L : Jefferies raises target price to 1,950.00p from 1,660.00p
     * Hannover Re  HNRGn.DE : Morgan Stanley raises target price to EUR 217 from EUR 200
     * Hapag Lloyd AG  HLAG.DE : Berenberg cuts target price to EUR 127 from EUR 130
     * Harbour Energy Plc  HBR.L : Goldman Sachs cuts to sell from buy
     * Hill & Smith  HILS.L : Jefferies raises target price to 2,280.00p from 1,910.00p
     * IG Group  IGG.L : Peel Hunt cuts target price to 857p from 900p
     * IMI Plc  IMI.L : Jefferies raises target price to 2,090.00p from 2,020.00p
                 * Kesko OYJ  KESKOB.HE : Inderes cuts to reduce from accumulate; target price EUR 17.0
 
     * London stock Exchange  LSEG.L : Citigroup cuts target price to 10300p from 10600p
     * London stock Exchange  LSEG.L : Deutsche Bank raises target price to 8300p from 8100p
     * London stock Exchange  LSEG.L : Morgan Stanley raises target price to 10735p from 10629p
     * Mercedes Benz Group AG  MBGn.DE : RBC cuts target price to EUR 86 from EUR 87
     * Morgan Advanced Materials  MGAMM.L : Jefferies cuts target price to 315.00p from 400.00p
     * Morgan Advanced Materials  MGAMM.L : Jefferies cuts to hold from buy
     * MTU Aero Engines AG  MTXGn.DE : Morgan Stanley raises PT to EUR 210 from EUR 194
     * Nokia  NOKIA.HE : Deutsche Bank raises target price to EUR 4 from EUR 3.5
                 * Nordnet AB (Publ)  SAVE.ST : UBS cuts target price to SEK 163 from SEK 180
 
     * Novozymes  NZYMb.CO : Bernstein raises target price to DKK 450 from DKK 420
     * Oxford Instruments  OXIG.L : Jefferies raises target price to 2,240.00p from 2,200.00p
     * Puma SE  PUMG.DE : TD Cowen cuts target price to EUR 47 from EUR 55
     * Qiagen NV  QIA.DE : Morgan Stanley cuts target price to EUR 47 from EUR 48.45
     * Qinetiq Group Plc  QQ.L : Jefferies raises target price to 400.00p from 370.00p
     * Rational AG  RAAG.DE : Exane BNP Paribas cuts to underperform from neutral
     * Redde Northgate Plc  REDD.L : Jefferies cuts target price to 390.00p from 430.00p
     * Renishaw Plc  RSW.L : Jefferies raises target price to 3,140.00p from 3,080.00p
     * RHI Magnesita NV  RHIM.L : Jefferies raises target price to 4,120.00p from 3,655.00p
     * Rotork Plc  ROR.L : Jefferies raises target price to 415.00p from 365.00p
                 * Schott pharma AG & Co KGaA  1SXP.DE : Jefferies raises PT to EUR 34.30 from EUR 30.40
 
     * Senior Plc  SNR.L : Jefferies raises target price to 215.00p from 195.00p
                 * Sensirion  SENSI.S : UBS initiates coverage with sell rating and target price CHF 62
 
     * Smiths Group  SMIN.L : Jefferies raises target price to 2,180.00p from 2,040.00p
     * Spectris Plc  SXS.L : Jefferies raises target price to 4,500.00p from 4,305.00p
     * Spirax-Sarco  SPX.L : Jefferies raises target price to 9,740p from 7,775p
     * Spirax-Sarco  SPX.L : Jefferies raises to hold from underperform
     * Stabilus SE  STM1.DE : Berenberg raises target price to EUR 88 from EUR 80
     * Swedbank  SWEDa.ST : Barclays cuts target price to SEK 225 from SEK 239
     * Swiss Re AG  SRENH.S : Morgan Stanley raises target price to CHF 95 from CHF 94
                 * Sylvania Platinum Ltd  SLPL.L : Liberum cuts target price to 96p from 100p
 
     * Synthomer  SYNTS.L : Jefferies raises target price to 130.00p from 80.00p
     * Talanx AG  TLXGn.DE : Morgan Stanley raises target price to EUR 68 from EUR 65
     * Team17 Group Plc  TM17.L : Jefferies raises price target to 230p from 180p
     * Thule  THULE.ST : Jefferies cuts price target to SEK 285 from SEK 295
     * TI Fluid Systems  TIFS.L : Jefferies raises target price to 180.00p from 175.00p
     * TT Electronics Plc  TTG.L : Jefferies cuts target price to 165.00p from 175.00p
     * Tyman Plc  TYMN.L : Jefferies raises target price to 360.00p from 350.00p
     * UCB SA  UCB.BR : Jefferies raises target price to EUR 104 from EUR 79
     * UCB SA  UCB.BR : Jefferies raises to buy from hold
     * Var Energi ASA  VAR.OL : Goldman Sachs reinstates coverage with neutral rating
     * Var Energi ASA  VAR.OL : Morgan Stanley cuts target price to NOK 39 from NOK 42
     * Vesuvius Plc  VSVS.L : Jefferies raises target price to 675.00p from 620.00p
     * Victrex Plc  VCTX.L : Jefferies cuts target price to 1,190p from 1,420p
     * Victrex Plc  VCTX.L : Jefferies cuts to underperform from hold
     * Vodafone Group Plc  VOD.L : Deutsche Bank cuts target price to 145p from 165p
     * Volution Group Plc  FAN.L : Jefferies raises target price to 510.00p from 470.00p
     * Weir Group  WEIR.L : Jefferies raises target price to 2,575.00p from 2,330.00p
     * WPP Plc  WPP.L : Morgan Stanley raises target price to 800p from 790p
                 * WPP Plc  WPP.L : UBS raises target price to 725p from 700p
 
 
 (Compiled by Bengaluru Newsroom)
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