Europe Research Roundup: Compagnie Plastic Omnium, Daimler AG, Volkswagen

ElringKlinger AG

23/03/2020 07:26

March 23 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Compagnie Plastic Omnium, Daimler AG and Volkswagen on Monday. 
    
  HIGHLIGHTS  
     * Compagnie Plastic Omnium SA  PLOF.PA : JP Morgan cuts target price to EUR 18 from EUR 29
     * Daimler AG  DAIGn.DE : JP Morgan cuts target price to EUR 31 from EUR 51
     * Volkswagen  VOWG_p.DE : JP Morgan cuts target price to EUR 139 from EUR 203
 
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
    
     * BMW  BMWG.DE : JP Morgan raises to overweight from neutral; cuts TP to EUR 50 from EUR 80
     * Compagnie Plastic Omnium SA  PLOF.PA : JP Morgan cuts target price to EUR 18 from EUR 29
     * Continental AG  CONG.DE : JP Morgan cuts target price to EUR 64 from EUR 80
     * Daimler AG  DAIGn.DE : JP Morgan cuts target price to EUR 31 from EUR 51
     * ElringKlinger AG  ZILGn.DE : JP Morgan cuts target price to EUR 3.2 from EUR 3.7
     * Faurecia  EPED.PA : JP Morgan cuts target price to EUR 50 from EUR 83
     * Gestamp Automocion SA  GEST.MC : JP Morgan cuts target price to EUR 2.6 from EUR 4
     * Hella  HLE.DE : JP Morgan raises to overweight from neutral; cuts TP to EUR 32 from EUR 47
     * Leoni AG  LEOGn.DE : JP Morgan cuts target price to EUR 5 from EUR 7.6
     * Michelin  MICP.PA : JP Morgan cuts target price to EUR 100 from EUR 125
     * Nokian Tyres Plc  TYRES.HE : JP Morgan cuts target price to EUR 17 from EUR 22
     * Oxford Instruments Plc  OXIG.L : JP Morgan cuts target price to 1,250p from 1,462p
     * Phoenix  PHNX.L : RBC cuts target price to 770p from 820p
     * Pirelli & C SpA  PIRC.MI : JP Morgan cuts target price to EUR 3.5 from EUR 5.5
     * Renault  RENA.PA : JP Morgan cuts target price to EUR 30 from EUR 37
     * Schaeffler AG  SHA_p.DE : JP Morgan cuts target price to EUR 6.2 from EUR 9.6
     * Stabilus SA  STAB.DE : JP Morgan cuts target price to EUR 40 from EUR 58
     * Vectura Group Plc  VEC.L : JP Morgan cuts target price to 115p from 120p
     * Volkswagen  VOWG_p.DE : JP Morgan cuts target price to EUR 139 from EUR 203
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))