Europe Research Roundup: AstraZeneca, Novo Nordisk, Telefonica Deutschland

Fielmann AG

14/07/2023 08:22

July 14 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including AstraZeneca, Novo Nordisk and Telefonica Deutschland, on
Friday. 

    HIGHLIGHTS
                 * AstraZeneca  AZN.L : HSBC initiates coverage with buy rating 
 
                 * Bayer AG  BAYGN.DE : HSBC initiates coverage with reduce rating 
 
                 * Genmab A/S  GMAB.CO : HSBC initiates coverage with buy rating 
 
                 * Novo Nordisk  NOVOB.CO : HSBC initiates coverage with buy rating 
 
                 * Telefonica Deutschland  O2Dn.DE : Morgan Stanley raises to equal-weight from
 underweight 
 
 
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 

                 * Admiral  ADML.L : Peel Hunt cuts target price to 1945p from 2160p 
 
                 * Anglo American  AAL.L : JP Morgan cuts target price to 2800p from 3150p 
 
                 * Antofagasta  ANTO.L : JP Morgan cuts target price to 1140p from 1230p 
 
                 * AstraZeneca  AZN.L : HSBC initiates coverage with buy rating 
 
                 * AstraZeneca  AZN.L : HSBC initiates coverage with target price 13250p 
 
                 * Azelis  AZE.BR : JP Morgan cuts target price to EUR 28 from EUR 28.5 
 
                 * Barry Callebaut AG  BARN.S : Berenberg cuts target price to CHF 2100 from CHF 2400 
 
                 * BASF SE  BASFn.DE : Berenberg cuts target price to EUR 50 from EUR 54 
 
                 * Bayer AG  BAYGN.DE : HSBC initiates coverage with reduce rating 
 
                 * Bayer AG  BAYGN.DE : HSBC initiates coverage with target price EUR 45 
 
                 * Beijer Ref  BEIJb.ST : Berenberg initiates with buy rating, price target SEK 175 
 
                 * BHP Group Ltd  BHPB.L : JP Morgan raises target price to 2430p from 2320p 
 
                 * Boliden AB  BOL.ST : JP Morgan cuts target price to SEK 300 from SEK 335 
 
                 * Brenntag SE  BNRGn.DE : JP Morgan cuts target price to EUR 66 from EUR 83 
 
                 * Brenntag SE  BNRGn.DE : JP Morgan cuts to underweight from neutral 
 
                 * Diploma Plc  DPLM.L : Peel Hunt raises target price to 3450p from 3300p 
 
                 * Fielmann  FIEG.DE : HSBC raises target price to EUR 60 from EUR 47 
 
                 * Genmab A/S  GMAB.CO : HSBC initiates coverage with buy rating 
 
                 * Genmab A/S  GMAB.CO : HSBC initiates coverage with target price DKK 3320 
 
                 * Gsk  GSK.L : HSBC initiates coverage with reduce rating and target price 1190p 
 
                 * Hochschild  HOCM.L : JP Morgan raises target price to 160p from 155p 
 
                 * JD Wetherspoon  JDW.L : HSBC raises target price to 1000p from 940p 
 
                 * Lok'n Store Group Plc  LOK.L : Peel Hunt cuts target price to 1050p from 1100p 
 
                 * Lonza Group AG  LONN.S : HSBC initiates coverage with buy rating 
 
                 * Lonza Group AG  LONN.S : HSBC initiates coverage with target price CHF 742 
 
                 * Lundin Mining Corp  LUMIN.ST : JP Morgan cuts target price to SEK 55 from SEK 57 
 
                 * Merck KGaA  MRCG.DE : HSBC initiates coverage with buy rating and target price EUR
 200 
 
                 * Molten Ventures Plc  GROW.L : Berenberg cuts target price to 725p from 900p 
 
                 * Moonpig Group  MOONM.L : HSBC cuts target price to 205p from 225p 
 
                 * Munich Re  MUVGn.DE : RBC raises target price to EUR 358 from EUR 344 
 
                 * Norsk Hydro ASA  NHY.OL : JP Morgan cuts target price to NOK 60 from NOK 68 
 
                 * Novartis AG  NOVN.S : HSBC initiates coverage with buy rating and target price CHF
 110 
 
                 * Novo Nordisk  NOVOB.CO : HSBC initiates coverage with buy rating 
 
                 * Novo Nordisk  NOVOB.CO : HSBC initiates coverage with target price DKK 1250 
 
                 * Osb Group  OSBO.L : Berenberg cuts target price to 650p from 800p 
 
                 * Pandora A/S  PNDORA.CO : HSBC raises target price to DKK 630 from DKK 620 
 
                 * Rio Tinto  RIO.L : JP Morgan raises target price to 5350p from 5250p 
 
                 * Roche Holding AG  ROG.S : HSBC initiates coverage with buy rating 
 
                 * Roche Holding AG  ROG.S : HSBC initiates coverage with target price CHF 320 
 
                 * RWE AG  RWEG.DE : JP Morgan raises target price to EUR 53 from EUR 52.5 
 
                 * S4 Capital Plc  SFOR.L : Jefferies cuts target price to 210p from 250p 
 
                 * Sanofi SA  SASY.PA : HSBC initiates coverage with buy rating and target price EUR 120
 
                 * Sensirion Holding AG  SENSI.S : Credit Suisse cuts target price to CHF 77 from CHF 95
 
                 * Signify NV  LIGHT.AS : Credit Suisse cuts target price to EUR 31 from EUR 40 
 
                 * Sobi  SOBIV.ST : HSBC initiates coverage with buy rating and target price SEK 290 
 
                 * Swatch Group AG  UHR.S : JP Morgan raises target price to CHF 315 from CHF 305 
 
                 * Telefonica Deutschland  O2Dn.DE : Morgan Stanley cuts target to EUR 2.70 from EUR
 2.90 
 
                 * Telefonica Deutschland  O2Dn.DE : Morgan Stanley raises to equal-weight from
 underweight 
 
                 * Tharisa Plc  THST.L : Peel Hunt cuts target price to 200p from 215p 
 
                 * UCB SA  UCB.BR : HSBC initiates coverage with buy rating and target price EUR 101 
 
                 * Wood Group  WG.L : HSBC cuts target price to 237p from 273p 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))