Europe Research Roundup: BMW, Legrand, Sodexo

Hill and Smith

11/09/2024 08:47

Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including BMW, Legrand and Sodexo, on Wednesday. 
    
    HIGHLIGHTS  
    
     * BMW  BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109
     * Kion Group AG  KGX.DE : JP Morgan raises to overweight from neutral
     * Legrand  LEGD.PA : JP Morgan raises to overweight from neutral
     * Phoenix  PHNX.L : Peel Hunt cuts target price to 650p from 690p
     * Sodexo  EXHO.PA : JP Morgan cuts target price to EUR 85 from EUR 88
      
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
    
     * Antofagasta  ANTO.L : JP Morgan cuts target price to 1720p from 1730p
     * Antofagasta  ANTO.L : JP Morgan places stock on its negative catalyst watch list
     * Ashmore  ASHM.L : JP Morgan cuts target price to 151p from 155p
     * BMW  BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109
     * BMW  BMWG.DE : Jefferies cuts target price to EUR 80 from EUR 95
     * Compass Group  CPG.L : JP Morgan raises target price to 2800p from 2600p
     * DSM-Firmenich AG  DSFIR.AS : Morgan Stanley raises target price to EUR 136 from EUR 132
     * Epiroc AB  EPIRa.ST : JP Morgan raises to neutral from underweight
     * Getlink  GETP.PA : JP Morgan places Getlink on positive catalyst watch
     * Hill & Smith  HILS.L : Peel Hunt raises target price to 2625p from 2500p
     * Interparfums SA  IPAR.PA : Berenberg cuts target price to EUR 56 from EUR 57
     * Kion Group AG  KGX.DE : JP Morgan raises to overweight from neutral
     * Legrand  LEGD.PA : JP Morgan raises target price to EUR 115 from EUR 100
     * Legrand  LEGD.PA : JP Morgan raises to overweight from neutral
     * MTU Aero Engines  MTXGn.DE : Barclays raises target price to EUR 295 from EUR 262
     * Oersted A/S  ORSTED.CO : HSBC raises target price to DKK 480 from DKK 455
     * Phoenix  PHNX.L : Peel Hunt cuts target price to 650p from 690p
     * Pluxee NV  PLX.PA : JP Morgan cuts target price to EUR 28 from EUR 34
     * Pluxee NV  PLX.PA : JP Morgan cuts to neutral from overweight
     * Pluxee NV  PLX.PA : JP Morgan Places stock ON its negative catalyst watch list
     * Rotork Plc  ROR.L : JP Morgan raises target price to 370p from 365p
     * Rotork Plc  ROR.L : JP Morgan raises to overweight from neutral
     * Sandoz Group AG  SDZ.S : Berenberg cuts to hold from buy
     * Sodexo  EXHO.PA : JP Morgan cuts target price to EUR 85 from EUR 88
     * Sodexo  EXHO.PA : JP Morgan places stock on its negative catalyst watch list
     * Stratec SE  SBSG.DE : Berenberg raises target price to EUR 50 from EUR 41
     * Stratec SE  SBSG.DE : Berenberg raises to buy from hold
     * Symrise AG  SY1G.DE : Morgan Stanley raises target price to EUR 137 from EUR 122
     * TAG Immobilien AG  TEGG.DE : Citigroup raises target price to EUR 22 from EUR 14
     * Trainline Plc  TRNT.L : Morgan Stanley cuts target price to 380p from 418p
     * Ubisoft  UBIP.PA : Morgan Stanley cuts target price to EUR 20 from EUR 31.5
     * Ubisoft Entertainment SA  UBIP.PA : Morgan Stanley cuts target to EUR 20 from EUR 31.5
     * UMG  UMG.AS : Morgan Stanley cuts target price to EUR 29 from EUR 31
     * Universal Music Group  VIV.PA : Morgan Stanley cuts target price to EUR 29 from EUR 31
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))