Europe Research Roundup: BP, KPN, VAAR

Galp Energia SGPS SA

25/09/2026 08:35

Sept 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BP, KPN and VAAR, on Friday.
     
HIGHLIGHTS
     
* BP BP.L: HSBC raises to buy from hold 
* DSM-Firmenich AG DSFIR.AS: Citigroup raises target price to EUR 111 from EUR 106 
* Evolution EVOG.ST: JP Morgan raises target price to SEK 660 from SEK 565 
* KPN KPN.AS: JP Morgan raises to overweight from neutral
* VAAR ENERGI: DNB Carnegie lifts target price to NOK 46 from NOK 44
     
The following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries are in alphabetical order. 
     
* ABB Ltd ABBN.S: TD Cowen raises target price to CHF 83 from CHF 73 
* Aker AKRBP.OL: DNB Carnegie cuts to hold from buy rating
* Aker AKRBP.OL: DNB Carnegie lifts target price to NOK 370 from NOK 360 
* ASOS ASOS.L: Deutsche Bank raises target price to 450p from 400p 
* Aumovio AMV0n.DE: Deutsche Bank cuts target price to EUR 55 from EUR 60 
* AXA AXAF.PA: RBC cuts target price to EUR 52 from EUR 54 
 * Bango Plc BGO.L: Canaccord Genuity cuts target price to 160p from 181p 
* Beneteau SA CHBE.PA: UBS cuts target price to EUR 6.3 from EUR 6.85 
* BP BP.L: HSBC raises target price to 640p from 570p 
* BP BP.L: HSBC raises to buy from hold
* BT BT.L: Bernstein raises target price to 235p from 230p 
* Cancom COKG.DE: UBS initiates coverage with buy rating and target price EUR 26 
* Cellnex CLNX.MC: Bernstein cuts target price to EUR 30.30 from EUR 42 
 * Cirsa CIRSA.MC: BTIG cuts to neutral from buy 
* Croda CRDA.L: Citigroup raises target price to 3400p from 3200p 
* CTP CTPNV.AS: Deutsche Bank cuts target price to EUR 16 from EUR 19 
 * Dassault Systemes DAST.PA: Jefferies reinstates coverage with underperform rating
 * Dassault Systemes DAST.PA: Jefferies reinstates coverage with target price EUR 16 
* Deutsche Telekom AG DTEGn.DE: Bernstein cuts target price to EUR 28.10 from EUR 37 
* Deutsche Telekom AG DTEGn.DE: Bernstein cuts to market perform from outperform
* DSM-Firmenich AG DSFIR.AS: Citigroup raises target price to EUR 111 from EUR 106 
* Elisa ELISA.HE: Bernstein cuts target price to EUR 26.50 from EUR 40 
* ENI ENI.MI: HSBC raises target price to EUR 25.5 from EUR 24 
* Equinor EQNR.OL: HSBC raises target price to NOK 395 from NOK 335 
* Ericsson ERICb.ST: Bernstein raises target price to SEK 85 from SEK 73 
* Essilorluxottica SA ESLX.PA: Bernstein cuts target price to EUR 185 from EUR 200 
* Everplay Group Plc EVPL.L: Panmure Liberum raises target price to 485p from 325p 
* Evolution EVOG.ST: JP Morgan raises target price to SEK 660 from SEK 565 
* Galp Energia GALP.LS: HSBC raises target price to EUR 23 from EUR 20 
* Givaudan SA GIVN.S: Citigroup raises target price to CHF 3450 from CHF 3150 
* Glencore Plc GLEN.L: UBS raises target price to 650p from 620p 
* Glencore Plc GLEN.L: UBS raises to buy from neutral 
* Grainger GRI.L: JP Morgan cuts target price to 225p from 265p 
* Halma Plc HLMA.L: UBS raises target price to 5000p from 4775p 
* Hellofresh SE HFGG.DE: JP Morgan cuts target price to EUR 2.7 from EUR 3.3 
* Henkel HNKG_p.DE: Deutsche Bank cuts target price to EUR 80 from EUR 81 
* Kerry Group Plc KYGa.I: Citigroup raises to buy from neutral
* Kerry Group Plc KYGa.I: Citigroup raises target price to EUR 102 from EUR 88 
* KPN KPN.AS: JP Morgan raises target price to EUR 5.1 from EUR 4.7 
* KPN KPN.AS: JP Morgan raises to overweight from neutral
* Lanxess AG LXSG.DE: Jefferies cuts target price to EUR 11 from EUR 14 
 * Lyondellbasell Industries N.V. LYB.N: UBS cuts target price to $62 from $64 
* Mondi MNDI.L: Jefferies cuts target price to 1080p from 1085p 
* Nokia NOKIA.HE: Bernstein raises target price to EUR 9.53 from EUR 5.54 
* Novonesis NSISb.CO: Citigroup raises target price to DKK 530 from DKK 440 
* OHB OHBG.DE: Deutsche Bank raises target price to EUR 300 from EUR 275 
* OMV AG OMVV.VI: HSBC raises target price to EUR 63 from EUR 55 
 * ON the Beach Group Plc OTB.L: Canaccord Genuity cuts target price to 220p from 240p 
* ON the Beach Group Plc OTB.L: Deutsche Bank cuts target price to 261p from 314p 
* ON the Beach Group Plc OTB.L: RBC cuts target price to 235p from 290p 
* Outokumpu OUT1V.HE: BofA Global Research reinstates coverage with buy rating
* Outokumpu OUT1V.HE: BofA Global Research reinstates coverage with PO EUR 6.7 
* Pharos Energy Plc PHARP.L: Peel cuts target price to 33p from 60p 
* Pharos Energy Plc PHARP.L: Peel Hunt cuts to hold from buy
* Publicis PUBP.PA: BofA Global Research raises PT to EUR 118 from EUR 113 
* Randstad N.V. RAND.AS: Citigroup raises target price to EUR 36.50 from EUR 25 
* Repsol REP.MC: HSBC raises target price to EUR 37 from EUR 29 
* Sandvik SAND.ST: Deutsche Bank cuts target price to SEK 424 from SEK 443 
* Schindler Group SCHN.S: Deutsche Bank raises target price to CHF 276 from CHF 273 
* Shell Plc SHEL.L: HSBC raises target price to 4240p from 3650p 
* Smiths Group SMIN.L: Stifel raises target price to 3150p from 3000p 
* Societe Generale SOGN.PA: Deutsche Bank raises target price to EUR 89 from EUR 86 
* Symrise AG SY1G.DE: Citigroup raises target price to EUR 112 from EUR 105 
* Tele2 AB (Publ) TEL2b.ST: Bernstein cuts to market perform from outperform
* Tele2 AB (Publ) TEL2b.ST: Bernstein raises target price to SEK 166 from SEK 150 
* Telenor TEL.OL: Bernstein cuts target price to NOK 135 from NOK 151 
* Telia TELIA.ST: Bernstein raises target price to SEK 39.20 from SEK 30.70 
* Totalenergies SE TTEF.PA: HSBC raises target price to EUR 93 from EUR 80 
* Totalenergies SE TTEF.PA: HSBC raises to buy from hold 
* VAAR ENERGI: DNB Carnegie cuts to sell from hold rating 
* VAAR ENERGI: DNB Carnegie lifts target price to NOK 46 from NOK 44
* Var Energi VAR.OL: Citigroup raises target price to NOK 57 from NOK 48 

(Compiled by Bengaluru Newsroom)
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