Europe Research Roundup: Chrysalis Investments, Elringklinger AG, Volvo AB

ElringKlinger AG

05/01/2022 07:08

Jan 5 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Chrysalis Investments, Elringklinger AG and Volvo AB, on
Wednesday. 
    
    HIGHLIGHTS 

     * Chrysalis Investments Ltd  CHRY.L : Jefferies raises to buy from hold 
     * Elringklinger AG  ZILGn.DE : JP Morgan raises to overweight from neutral 
     * Pirelli & C SpA  PIRC.MI : JP Morgan raises to overweight from neutral 
     * Telenet Group Holding NV  TNET.BR : Jefferies initiates with buy rating 
     * Volvo AB  VOLVb.ST : JP Morgan cuts to neutral from overweight
 
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order. 

     * Chrysalis Investments Ltd  CHRY.L : Jefferies raises to buy from hold 
     * Compagnie Plastic Omnium SE  PLOF.PA : JP Morgan cuts target price to EUR 27 from EUR 33 
     * Continental AG  CONG.DE : JP Morgan cuts target price to EUR 110 from EUR 130 
     * Continental AG  CONG.DE : JP Morgan cuts to neutral from overweight 
     * Elringklinger AG  ZILGn.DE : JP Morgan raises target price to EUR 16 from EUR 13.90 
     * Elringklinger AG  ZILGn.DE : JP Morgan raises to overweight from neutral 
     * Ferguson  FERG.L : Berenberg raises to buy from hold; raises PT to 15,000p from 11,200p 
     * Michelin  MICP.PA : JP Morgan raises target price to EUR 175 from EUR 150 
     * Nestle SA  NESN.S : Jefferies cuts to underperform from hold
     * Nestle SA  NESN.S : Jefferies cuts target price to CHF 110 from CHF 118.50 
     * Orange Belgium SA  OBEL.BR : Jefferies cuts target price to EUR 19.50 from EUR 22 
     * Pirelli & C SpA  PIRC.MI : JP Morgan raises target price to EUR 7.50 from EUR 5.60 
     * Pirelli & C SpA  PIRC.MI : JP Morgan raises to overweight from neutral 
     * Proximus NV  PROX.BR : Jefferies raises target price to EUR 14.30 from EUR 13.60 
     * Schaeffler AG  SHA_p.DE : JP Morgan cuts target price to EUR 9 from EUR 9.80 
     * Stabilus SA  STAB.DE : JP Morgan cuts target price to EUR 62 from EUR 72 
     * Stabilus SA  STAB.DE : JP Morgan cuts to underweight from neutral 
     * Telenet Group Holding NV  TNET.BR : Jefferies initiates with buy rating 
     * Telenet Group Holding NV  TNET.BR : Jefferies initiates with EUR 42.5 target price 
     * Traton SE  8TRA.DE : JP Morgan cuts target price to EUR 30 from EUR 34 
     * Volvo AB  VOLVb.ST : JP Morgan cuts target price to SEK 210 from SEK 235 
     * Volvo AB  VOLVb.ST : JP Morgan cuts to neutral from overweight 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))