Europe Research Roundup: Atalaya Mining Copper, Givaudan, SAP

Kering SA

22/09/2026 07:58

Sept 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Atalaya Mining Copper, Givaudan and SAP on Tuesday.
        
HIGHLIGHTS    
* Atalaya Mining Copper SA ATYM.L: JP Morgan initiates coverage with overweight rating
* Bouygues BOUY.PA: Morgan Stanley raises target price to EUR 57 from EUR 53 
* Engie SA ENGIE.PA: Bernstein raises to outperform from market perform
* Givaudan SA GIVN.S: JP Morgan raises target price to CHF 3700 from CHF 3600 
* SAP SE SAPG.DE: Citigroup raises target price to EUR 215 from EUR 205 
     
The following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order.    
     
* ABB Ltd. ABBN.S: Deutsche Bank raises target price to CHF 76 from CHF 74 
* Acciona ANA.MC: BofA Global Research cuts price objective to EUR 150 from EUR 160 
* ACS ACS.MC: Morgan Stanley cuts target price to EUR 130 from EUR 146 
 * Adidas AG ADSGn.DE: Stonex initiates coverage with target price EUR 200 
 * Adidas AG ADSGn.DE: Stonex initiates coverage with buy rating
* Atalaya Mining Copper SA ATYM.L: JP Morgan initiates coverage with overweight rating
* Atalaya Mining Copper SA ATYM.L: JP Morgan initiates coverage with price target 1330p 
 * Beauty Tech Group Plc TBTG.L: Canaccord Genuity raises PT to 600p from 545p 
* Bouygues BOUY.PA: Morgan Stanley raises target price to EUR 57 from EUR 53 
* Burberry BRBY.L: RBC cuts target price to 1200p from 1400p 
* Burberry BRBY.L: RBC cuts to sector perform from outperform
* Burckhardt Compression BCHN.S: UBS cuts target price to CHF 485 from CHF 500 
* Buzzi BZU.MI: UBS cuts target price to EUR 34 from EUR 52 
* Buzzi BZU.MI: UBS cuts to sell from neutral
* Cranswick Plc CWK.L: Berenberg raises target price to 6080p from 5770p 
* Cranswick Plc CWK.L: Berenberg raises to buy from hold
* Danone DANO.PA: Deutsche Bank raises to hold from sell 
* Deme DEME.BR: KBC Securities cuts target price to EUR 220 from EUR 240; rating 'buy
* DHL Group DHLn.DE: Morgan Stanley raises target price to EUR 56 from EUR 55 
* D'Ieteren Group SA IETB.BR: Alphavalue cuts target price to EUR 202 from EUR 227 
* D'Ieteren Group SA IETB.BR: Alphavalue cuts to add from buy
* Eiffage SA FOUG.PA: Morgan Stanley raises target price to EUR 180 from EUR 177 
* El En SpA ELEN.MI: Berenberg raises target price to EUR 19 from EUR 16 
* Engie SA ENGIE.PA: Bernstein cuts target price to EUR 27.7 from EUR 29.4 
* Engie SA ENGIE.PA: Bernstein raises to outperform from market perform
* ERG S.P.A. ERG.MI: BofA Global raises price objective to EUR 23 from EUR 19 
* ERG S.P.A. ERG.MI: BofA Global Research raises to neutral from underperform
* Ericsson ERICb.ST: Morgan Stanley cuts target price to SEK 90 from SEK 95 
* Ericsson ERICb.ST: Morgan Stanley cuts to underweight from equal weight 
* Essilorluxottica SA ESLX.PA: RBC cuts target price to EUR 190 from EUR 230 
* Ferrovial FER.MC: Morgan Stanley cuts target price to EUR 65 from EUR 72 
* Fortum FORTUM.HE: BofA Global Research raises price objective to EUR 18.5 from EUR 18 
* Givaudan SA GIVN.S: JP Morgan raises target price to CHF 3700 from CHF 3600 
 * GYM Group Plc GYM.L: RBC raises target price to 210p from 205p 
* Harworth Group Plc HWG.L: Berenberg cuts target price to 195p from 202p 
* Heidelberg Materials HEIG.DE: UBS cuts target price to EUR 230 from EUR 260
* Henry Boot Plc BOOT.L: Berenberg cuts target price to 186p from 219p 
* Henry Boot Plc BOOT.L: Peel Hunt cuts target price to 190p from 200p 
* Hermes HRMS.PA: RBC cuts target price to EUR 1600 from EUR 1700 
* Kering PRTP.PA: RBC cuts target price to EUR 280 from EUR 350 
* L'Oreal OREP.PA: Jefferies cuts target price to EUR 361 from EUR 377 
* Lumibird LBIRD.PA: Portzamparc cuts target price to EUR 34 from EUR 35; rating 'buy' 
* LVMH LVMH.PA: Jefferies cuts target price to EUR 440 from EUR 510 
* LVMH LVMH.PA: RBC cuts target price to EUR 475 from EUR 575 
* LVMH LVMH.PA: RBC cuts to sector perform from outperform
* M&C Saatchi Plc SAA.L: Berenberg cuts target price to 175p from 195p 
* M&C Saatchi Plc SAA.L: Panmure Liberum cuts target price to 160p from 174p 
* M&C Saatchi Plc SAA.L: Peel Hunt raises target price to 150p from 115p 
* Microlise Group Plc SAAS.L: Canaccord Genuity cuts target price to 155p from 166p 
* Moncler MONC.MI: Citigroup cuts target price to EUR 59 from EUR 63 
* Moncler MONC.MI: RBC cuts target price to EUR 55 from EUR 59 
* Naturgy NTGY.MC: BofA Global Research cuts price objective to EUR 31 from EUR 31.5 
* Novo NOVOb.CO: Jefferies cuts target price to DKK 275 from DKK 285 
* Novo Nordisk NOVOb.CO: Deutsche Bank cuts target price to DKK 245 from DKK 265 
* Orsted ORSTED.CO: BofA Global Research cuts price objective to DKK 175 from DKK 180 
* Oxford Nanopore Technologies Plc ONT.L: Deutsche Bank raises target price to 210p from 195p 
 * Puma SE PUMG.DE: Stonex initiates coverage with hold rating 
* Rolls Royce RR.L: Bernstein raises target price to 1600p from 1500p 
* RWE AG RWEG.DE: BofA Global Research raises price objective to EUR 76 from EUR 73 
* Safran SAF.PA: Bernstein raises target price to EUR 420 from EUR 410 
* SAP SE SAPG.DE: Citigroup raises target price to EUR 215 from EUR 205 
* Societe Generale SA SOGN.PA: Citigroup raises target price to EUR 100 from EUR 96 
* Societe Generale SA SOGN.PA: RBC raises target price to EUR 88 from EUR 84 
* Softcat Plc SCTS.L: Panmure Liberum raises target price to 2250p from 1920p 
* SSE SSE.L: BofA Global Research raises price objective to 2770p from 2660p 
* Stora Enso STERV.HE: Jefferies raises target price to EUR 12.50 from EUR 12.15 
* THE Swatch Group AG UHR.S: RBC cuts target price to CHF 190 from CHF 210 
* Verbund AG VERB.VI: BofA Global Research raises PO to EUR 65 from EUR 61 
* Verbund AG VERB.VI: BofA Global Research raises to neutral from underperform
* Vusion SA VU.PA: Bernstein cuts target price to EUR 170 from EUR 180 

(Compiled by Bengaluru Newsroom)
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