Europe Research Roundup: DSM-Firmenich, Merck, Orsted

Givaudan SA

01/09/2026 08:14

Sept 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including DSM-Firmenich, Merck and Orsted on Tuesday.

HIGHLIGHTS    
* Atlas Copco ATCOa.ST: Morgan Stanley raises target price to SEK 222 from SEK 215 
* DSM-Firmenich AG DSFIR.AS: Jefferies raises target price to EUR 117 from EUR 95 
* Merck KGaA MRCG.DE: HSBC raises to buy from hold 
* Orsted ORSTED.CO: RBC raises to outperform from sector perform
* Systemair AB SYSR.ST: Jefferies raises target price to SEK 105 from SEK 100 

Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. 
   


* Accor ACCP.PA: Deutsche Bank resumes coverage with buy rating and PT EUR 55 
* Adyen N.V. ADYEN.AS: Goldman Sachs adds stock to its European conviction list 
* Adyen N.V. ADYEN.AS: Truist Securities raises target price to EUR 1230 from EUR 979 
* Aroundtown AT1.DE: Morgan Stanley cuts target price to EUR 2 from EUR 2.5 
* ASML ASML.AS: UBS raises target price to EUR 2350 from EUR 2250 
* Atlas Copco ATCOa.ST: Morgan Stanley raises target price to SEK 222 from SEK 215 
* Barclays BARC.L: Alphavalue cuts to reduce from add; cuts PT to 506p from 646p
* Barclays BARC.L: BofA Global Research cuts to neutral from buy 
* Barry Callebaut BARN.S: UBS raises target price to CHF 1180 from CHF 1100 
* Barry Callebaut AG BARN.S: Morgan Stanley cuts target price to CHF 1230 from CHF 1250 
* Bioversys AG BIOV.S: Maxim Group initiates coverage with target price CHF 100 
* Bioversys AG BIOV.S: Maxim Group initiates coverage with buy rating
* British Land BLND.L: Morgan Stanley raises target price to 520p from 480p 
* Bunzl BNZL.L: JP Morgan raises target price to 2800p from 2610p 
* Castellum CAST.ST: Morgan Stanley raises target price to SEK 140 from SEK 115 
* Colonial COL.MC: Morgan Stanley cuts to equal-weight from overweight 
* Covivio CVO.PA: Morgan Stanley cuts target price to EUR 55 from EUR 60 
* Croda CRDA.L: Jefferies raises target price to 4000p from 3500p 
* Danske Bank DANSKE.CO: Morgan Stanley raises target price to DKK 436 from DKK 400 
* Derwent London Plc DLN.L: Morgan Stanley raises target price to 2600p from 2200p 
* DFDS A/S DFDS.CO: RBC raises target price to DKK 190 from DKK 160 
* DNB DNB.OL: Morgan Stanley raises raises target price to NOK 330 from NOK 283 
* DNB DNB.OL: Morgan Stanley raises to equal-weight from underweight
* Draegerwerk AG & Co KGaA DRWG_p.DE: Alphavalue raises target price to EUR 128 from EUR 106 
* Draegerwerk AG & Co KGaA DRWG_p.DE: Alphavalue raises to add from reduce
* Drax Group Plc DRX.L: Goldman Sachs raises target price to 1020p from 924p 
* Drax Group Plc DRX.L: Goldman Sachs raises to buy from neutral
* DSM-Firmenich AG DSFIR.AS: Jefferies raises target price to EUR 117 from EUR 95 
* Elekta AB EKTAb.ST: Barclays raises target price to SEK 45.5 from SEK 44.5 
* Enel ENEI.MI: Goldman Sachs removes stock from its European conviction list 
* Fielmann FIEG.DE: Deutsche Bank cuts target price to EUR 62 from EUR 63 
* GFT Technologies SE GFTG.DE: Berenberg raises target price to EUR 30 from EUR 24 
* Givaudan SA GIVN.S: Jefferies cuts target price to CHF 3030 from CHF 3700 
* Givaudan SA GIVN.S: Jefferies cuts to hold from buy
* Great Portland Estates Plc GPEG.L: Morgan Stanley raises target price to 440p from 390p 
* Gurit GURN.S: UBS raises target price to CHF 49 from CHF 43 
* Hammerson HMSO.L: Morgan Stanley raises target price to 425p from 400p 
* Hannover Rueck SE HNRGn.DE: Goldman Sachs removes stock from its European conviction list 
* Hemnet HEM.ST: JP Morgan cuts target price to SEK 112 from SEK 120 
* Icade ICAD.PA: Morgan Stanley cuts target price to EUR 21 from EUR 23 
* Italy'S Prysmian PRY.MI: Jefferies cuts target price to EUR 164 from EUR 180 
* Kerry Group Plc KYGa.I: Jefferies raises target price to EUR 105 from EUR 90 
* Klepierre BNPP.PA: Morgan Stanley raises target price to EUR 39 from EUR 35 
* Land Securities LAND.L: Morgan Stanley raises target price to 780p from 670p 
* LEG LEGn.DE: Morgan Stanley cuts target price to EUR 60 from EUR 72 
* Merck KGaA MRCG.DE: HSBC raises to buy from hold 
* Michelmersh Brick Holdings Plc MBH.L: Canaccord Genuity cuts PT to 125p from 130p 
* NKT A/S NKT.CO: Jefferies raises target price to DKK 1292 from DKK 1252 
* NN Group N.V. NN.AS: Citigroup raises target price to EUR 80.99 from EUR 75.15 
* Nordea Bank Abp NDAFI.HE: Morgan Stanley cuts to equal weight from overweight 
* Nordea Bank Abp NDAFI.HE: Morgan Stanley raises target price to EUR 19 from EUR 17.3 
* Novonesis NSISb.CO: Jefferies raises target price to DKK 540 from DKK 480 
* Orsted ORSTED.CO: RBC raises target price to DKK 180 from DKK 120 
* Orsted ORSTED.CO: RBC raises to outperform from sector perform
* Pernod Ricard PERP.PA: UBS cuts target price to EUR 68 from EUR 70 
* PSP Swiss Property PSPN.S: Morgan Stanley raises target price to CHF 130 from CHF 125 
* Reckitt RKT.L: JP Morgan raises to overweight from neutral; raises target price to 6500p from 5800p 
* Robertet SA ROBF.PA: Jefferies cuts target price to EUR 930 from EUR 950 
* RWE AG RWEG.DE: Goldman Sachs adds stock to its European conviction list 
* RWE AG RWEG.DE: Jefferies raises target price to EUR 75 from EUR 68 
* Ryanair RYA.I: Barclays cuts target price to EUR 28.5 from EUR 29.5 
* Sartorius Stedim Biotech STDM.PA: HSBC raises target price to EUR 240 from EUR 230 
* Shaftesbury Capital Plc SHCS.L: Morgan Stanley raises target price to 185p from 170p 
* Shaftesbury Capital Plc SHCS.L: Morgan Stanley raises to overweight from equal-weight
* Skandinaviska Enskilda Banken AB SEBa.ST: Morgan Stanley raises target price to SEK 220 from SEK 187 
* Spie SPIE.PA: Deutsche Bank initiates coverage with buy rating and PT EUR 57 
* Standard Life Plc SDLF.L: UBS cuts to neutral from buy 
* Standard Life Plc SDLF.L: UBS raises target price to 1015p from 995p 
* Straumann STMN.S: UBS raises target price to CHF 115 from CHF 90 
* Straumann STMN.S: UBS raises to buy from neutral 
* Svenska Handelsbanken AB SHBa.ST: Morgan Stanley raises target price to SEK 148 from SEK 133 
* Swedbank SWEDa.ST: Morgan Stanley  raises target price to SEK 386 from SEK 330
* Swedbank SWEDa.ST: Morgan Stanley raises to equal-weight from underweight
* Symrise AG SY1G.DE: Jefferies raises target price to EUR 110 from EUR 80 
* Symrise AG SY1G.DE: Jefferies raises to buy from hold
* Systemair AB SYSR.ST: Jefferies raises target price to SEK 105 from SEK 100 
* Talanx AG TLXGn.DE: Goldman Sachs adds stock to its European conviction list 
* Tecan Group AG TECN.S: Alphavalue resumes coverage with reduce vs add rating
* Unibail-Rodamco-Westfield URW.PA: Morgan Stanley raises PT to EUR 115 from EUR 105 
* Unite Group UTG.L: Morgan Stanley cuts to equal-weight from overweight 
* Viridien SA VIRI.PA: Goldman Sachs initiates coverage with buy rating 
* Vistry Group Plc VTYV.L: Goldman Sachs raises target price to 355p from 315p 
* Vonovia VNAn.DE: Morgan Stanley cuts target price to EUR 25 from EUR 30 
* Wdp WDPP.BR: Morgan Stanley raises to overweight from equal-weight 
* Wise Group Plc WISEa.L: Goldman Sachs removes stock from its European conviction list 
* Xior XIOR.BR: Morgan Stanley cuts target price to EUR 37 from EUR 38 
* Zalando SE ZALG.DE: Goldman Sachs removes stock from its European conviction list 
* Zurich Airport FHZN.S: Barclays cuts target price to CHF 215 from CHF 241 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))