Europe Research Roundup: Alstom, Epiroc, Nemetschek

Heliad AG

08/12/2023 07:04

Dec 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including
Alstom, Epiroc and Nemetschek, on Friday. 
    
    HIGHLIGHTS  
        
  
                 * Alstom  ALSO.PA : JP Morgan cuts to neutral from overweight
 
                 * Epiroc AB  EPIRa.ST : JP Morgan cuts to underweight from neutral 
 
                 * Nemetschek SE  NEKG.DE : Berenberg cuts to hold from buy
 
                 * Rexel  RXL.PA : JP Morgan cuts to neutral from overweight
 
                 * Stadler Rail AG  SRAIL.S : JP Morgan cuts to underweight from neutral
 
      
Following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries are in alphabetical
order.
    
                 * AJ Bell Plc  AJBA.L : Barclays raises target price to 330p from 310p
 
                 * Alstom  ALSO.PA : JP Morgan cuts to neutral from overweight
 
                 * Alstom  ALSO.PA : JP Morgan cuts target price to EUR 14.40 from EUR 18
 
                 * BAT  BATS.L : TD Cowen cuts target price to 2,300p from 2,750p
 
                 * Carl Zeiss Meditec AG  AFXG.DE : Berenberg cuts target price to EUR 90 from EUR 100
 
                 * Epiroc AB  EPIRa.ST : JP Morgan cuts to underweight from neutral 
 
                 * Epiroc AB  EPIRa.ST : JP Morgan cuts cuts PT to SEK 180 from SEK 195
 
                 * Ericsson  ERICb.ST : Jefferies raises to buy; raises PT to SEK 70 from SEK 58
 
                 * Frasers Group  FRAS.L : Barclays raises target price to 1085p from 1060p
 
                 * Future Plc  FUTR.L : Barclays cuts target price to 900p from 1080p
 
                 * Heliad AG  A7An.DE : Berenberg raises target price to EUR 14.5 from EUR 6.4
 
                 * Iberdrola  IBE.MC : JP Morgan raises target price to EUR 12.50 from EUR 12
 
                 * Inditex  ITX.MC : HSBC raises target price to EUR 43.5 from EUR 38.52
 
                 * Legrand  LEGD.PA : TD Cowen initiates coverage with outperform rating and PT EUR 120
 
                 * Nemetschek SE  NEKG.DE : Berenberg cuts to hold from buy
 
                 * Nokia Oyj  NOKIA.HE : Jefferies cuts to hold from buy; cuts PT to EUR 3 from EUR 4.1
 
                 * Rexel  RXL.PA : JP Morgan cuts to neutral from overweight
 
                 * Rexel  RXL.PA : JP Morgan cuts target price to EUR 25 from EUR 28
 
                 * Rexel  RXL.PA : TD Cowen initiates coverage with outperform rating and PT EUR 30 
 
                 * Rheinmetall  RHMG.DE : HSBC raises target price to EUR 357 from EUR 319
 
                 * Sainsbury  SBRY.L : Goldman Sachs raises to buy from neutral
 
                 * Sandvik AB  SAND.ST : JP Morgan cuts to neutral from overweight
 
                 * Sandvik AB  SAND.ST : JP Morgan cuts PT to SEK 195 from SEK 220
 
                 * Siemens Energy AG  ENR1n.DE : JP Morgan cuts to underweight from neutral
 
                 * Siemens Energy AG  ENR1n.DE : JP Morgan cuts target price to EUR 9.20 from EUR 13.80 
 
                 * SKF  SKFb.ST : JP Morgan cuts to underweight from neutral
 
                 * SKF  SKFb.ST : JP Morgan cuts cuts PT to SEK 170 from SEK 185
 
                 * Stadler Rail AG  SRAIL.S : JP Morgan cuts to underweight from neutral
 
                 * Stadler Rail AG  SRAIL.S : JP Morgan cuts target price to CHF 30 from CHF 35.50
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))