Europe Research Roundup: Ageas, Lanxess, Wacher Chemie

Elkem ASA

12/01/2024 07:06

Jan 12 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies including Ageas AG, Lanxess, and Wacker Chemie AG, on Friday. 
    
    HIGHLIGHTS  
                 * Ageas SA  AGES.BR : JP Morgan cuts to underweight from neutral
 
                 * Lanxess  LXSG.DE : Morgan Stanley cuts to underweight from equal weight
 
                 * Wacker Chemie AG  WCHG.DE : Morgan Stanley cuts target price to EUR 133 from
 EUR 165
 
      
Following is a summary of research actions on European companies reported by Reuters on Friday. Stock
entries are in alphabetical order.

                 * About You Holding SE  YOUG.DE : Barclays cuts target price to EUR 4.2 from EUR 4.6
 
                 * Aegon Ltd  AEGN.AS : JP Morgan reinstates coverage with overweight rating; PT EUR 7
 
                 * Ageas SA  AGES.BR : JP Morgan cuts target price to EUR 39 from EUR 45
 
                 * Ageas SA  AGES.BR : JP Morgan cuts to underweight from neutral
 
                 * Airtel Africa  AAF.L : Barclays cuts target price to 170p from 180p
 
                 * Anglo American Plc  AAL.L : Barclays raises target price to 2630p from 2575p
 
                 * Antofagasta  ANTO.L : Barclays raises target price to 1390p from 1270p
 
                 * Aperam  APAM.AS : Barclays raises target price to EUR 26 from EUR 25
 
                 * ArcelorMittal  MT.AS : Barclays raises target price to EUR 27 from EUR 26
 
                 * Ashmore  ASHM.L : JP Morgan raises target price to 183p from 176p
 
                 * Ashtead Group Plc  AHT.L : Morgan Stanley cuts target price to 6300p from 6720p
 
                 * ASR Nederland NV  ASRNL.AS : JP Morgan reinstates coverage with overweight rating;
 PT EUR 55
 
                 * Autoliv Inc  ALIVsdb.ST : Berenberg raises target price to SEK 1224 from SEK 1056
 
                 * Autoliv Inc  ALIVsdb.ST : Berenberg raises to buy from hold
 
                 * Banco Bpm  BAMI.MI : JP Morgan cuts target price to EUR 5.7 from EUR 5.9
 
                 * Boliden  BOL.ST : Barclays cuts target price to SEK 325 from SEK 340
 
                 * Bouygues SA  BOUY.PA : Barclays cuts target price to EUR 40 from EUR 41
 
                 * Brenntag SE  BNRGn.DE : Morgan Stanley cuts to equal weight from overweight
 
                 * Bunzl  BNZL.L : Morgan Stanley raises target price to 3030p from 2700p
 
                 * Bureau Veritas  BVI.PA : Morgan Stanley raises target price to EUR 28.5 from EUR
 27.5
 
                 * Bureau Veritas  BVI.PA : Morgan Stanley raises to overweight from equal weight
 
                 * Ceres Power Holdings Plc  CWR.L : RBC cuts to underperform; cuts PT to 150p from
 600p
 
                 * Elkem ASA  ELK.OL : Morgan Stanley raises target price to NOK 22 from NOK 21
 
                 * Eurofins Scientific SE  EUFI.PA : Morgan Stanley cuts target price to EUR 58 from
 EUR 62
 
                 * Eurofins Scientific SE  EUFI.PA : Morgan Stanley cuts to underweight from equal
 weight
 
                 * Ferrexpo Plc  FXPO.L : Barclays cuts target price to 120p from 190p
 
                 * GCP Infrastructure  GCPI.L : RBC initiates coverage with outperform rating; PT 90p
 
                 * Gem Diamonds Ltd  GEMD.L : Barclays cuts target price to 18p from 20p
 
                 * Glencore  GLEN.L : Barclays cuts target price to 465p from 475p
 
                 * Greggs Plc  GRG.L : Barclays raises target price to 3080p from 3020p
 
                 * Grenergy Renovables  GREG.MC : Barclays raises target price to EUR 36 from EUR 34
 
                 * Hochschild Mining  HOCM.L : Barclays raises target price to 125p from 105p
 
                 * IMCD NV  IMCD.AS : Morgan Stanley cuts to underweight from equal weight
 
                 * Lanxess  LXSG.DE : Morgan Stanley cuts target price to EUR 23.5 from EUR 29
 
                 * Lanxess  LXSG.DE : Morgan Stanley cuts to underweight from equal weight
 
                 * Mondi  MNDI.L : Barclays raises target price to 1200p from 1150p
 
                 * NN Group NV  NN.AS : Berenberg raises target price to EUR 54.20 from EUR 51.70
 
                 * NN Group NV  NN.AS : JP Morgan cuts target price to EUR 44 from EUR 52
 
                 * NN Group NV  NN.AS : JP Morgan cuts to neutral from overweight
 
                 * Norsk Hydro  NHY.OL : Barclays cuts target price to NOK 87 from NOK 92
 
                 * Orange  ORAN.PA : Barclays raises target price to EUR 14 from EUR 13.5
 
                 * Outokumpu  OUT1V.HE : Barclays raises target price to EUR 4.3 from EUR 3.7
 
                 * Rational  RAAG.DE : Barclays raises target price to EUR 788 from EUR 776
 
                 * Rentokil  RTO.L : Morgan Stanley cuts target price to 540p from 670p
 
                 * Rentokil  RTO.L : Morgan Stanley cuts to equal weight from overweight
 
                 * Rio Tinto Plc  RIO.L : Barclays cuts target price to 6000p from 6300p
 
                 * Safran  SAF.PA : Barclays raises target price to EUR 180 from EUR 178
 
                 * SGS SA  SGSN.S : Morgan Stanley cuts target price to CHF 81 from CHF 84
 
                 * SGS SA  SGSN.S : Morgan Stanley raises to equal weight from underweight
 
                 * Sodexo SA  EXHO.PA : Barclays raises target price to EUR 115 from EUR 111
 
                 * SSAB  SSABa.ST : Barclays raises target price to SEK 89 from SEK 86
 
                 * Suedzucker AG  SZUG.DE : Barclays raises target price to EUR 13 from EUR 12
 
                 * Synthomer  SYNTS.L : Morgan Stanley cuts target price to 190p from 230p
 
                 * Teleperformance SE  TEPRF.PA : Morgan Stanley cuts target price to EUR 178 from EUR
 220
 
                 * Temenos AG  TEMN.S : JP Morgan raises target price to CHF 97 from CHF 85
 
                 * Terna  TRN.MI : Barclays raises target price to EUR 8 from EUR 7.6
 
                 * Topdanmark  TOP.CO : Barclays cuts target price to DKK 405 from DKK 410
 
                 * Unicredit  CRDI.MI : JP Morgan cuts target price to EUR 36 from EUR 39
 
                 * Verbund AG  VERB.VI : Morgan Stanley cuts target price to EUR 68 from EUR 70
 
                 * Vodafone Group Plc  VOD.L : Barclays cuts target price to 85p from 92p
 
                 * Wacker Chemie AG  WCHG.DE : Morgan Stanley cuts to equal weight from overweight 
 
                 * Wacker Chemie AG  WCHG.DE : Morgan Stanley cuts target price to EUR 133 from EUR 165
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))