Europe Research Roundup: Fresenius, L'Oreal, SAP

Kering SA

23/10/2026 08:43

Oct 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Fresenius, L'Oreal and SAP, on Friday.
     
HIGHLIGHTS
     
   * Fresenius SE & Co. KGaA FREn.DE: Berenberg raises target price to EUR 54 from EUR 50 
   * KBC Groep NV KBC.BR: Citigroup raises to buy from neutral
   * L'Oreal OREP.PA: Citigroup raises target price to EUR 470 from EUR 435 
   * OMV Aktiengesellschaft OMVV.VI: Jefferies raises target price EUR 70 from EUR 68 
   * SAP SE SAPG.DE: Jefferies raises target price to EUR 250 from EUR 220 
     
The following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries are in alphabetical order.

* Aalberts N.V. AALB.AS: Barclays raises target price to EUR 51 from EUR 50 
* ABN Amro Bank NV ABNd.AS: BofA Global Research raises PT to EUR 48.10 from EUR 44.50 
* Adyen N.V. ADYEN.AS: Truist Securities cuts PT to EUR 1,133 from EUR 1,230 
* Allianz SE ALVG.DE: Barclays cuts target price to EUR 351 from EUR 353 
* Aperam SA APAM.AS: Citigroup cuts target price to EUR 42 from EUR 50 
* Aperam SA APAM.AS: Morgan Stanley cuts target price to EUR 46 from EUR 52 
* Argenx ARGX.BR: Barclays cuts target price to EUR 1000 from EUR 1100 
* Atlas Copco ATCOa.ST: BofA Global Research cuts PT to SEK 250 from SEK 260 
* Aviva Plc AV.L: Barclays raises target price to 721p from 716p 
* Banco Comercial Portugues SA BCP.LS: Barclays raises PT to EUR 1.21 from EUR 1.16 
* Barclays BARC.L: Alphavalue raises to add from reduce
* Barclays BARC.L: Morgan Stanley cuts target price to 550p from 580p 
* Be Semiconductor Industries NV BESI.AS: Barclays cuts PT to EUR 200 from EUR 240 
* Be Semiconductor Industries NV BESI.AS: Morgan Stanley cuts PT to EUR 170 from EUR 220 
* Be Semiconductor Industries NV BESI.AS: Morgan Stanley cuts to equal weight from overweight 
* Beijer Ref BEIJb.ST: Berenberg raises target price to SEK 185 from SEK 170 
* Besi BESI.AS: Bernstein cuts target price to EUR 280 from EUR 320 
* Besi BESI.AS: Goldman Sachs cuts target price to EUR 277 from EUR 325 
* Besi BESI.AS: Needham cuts target price to EUR 250 from EUR 400 
* Billerud AB (Publ) BILL.ST: Jefferies raises target price to SEK 93 from SEK 90 
* Coloplast COLOb.CO: RBC cuts target price to DKK 470 from DKK 600 
* Empire Metals Ltd EEEE.L: Canaccord Genuity raises target price to 70p from 62p 
* Engie ENGIE.PA: HSBC cuts target price to EUR 27.2 from EUR 29.6 
* Fresenius SE & Co. KGaA FREn.DE: Berenberg raises target price to EUR 54 from EUR 50 
* Galderma GALD.S: Barclays raises target price to CHF 230 from CHF 220 
* Galderma GALD.S: BofA Global Research raises PT to CHF 210 from CHF 200 
* GB Group Plc GBGP.L: Berenberg cuts target price to 175p from 190p 
* Generali GASI.MI: Barclays cuts target price to EUR 29.5 from EUR 30 
* Genuit Group Plc GENG.L: Berenberg cuts target price to 320p from 370p 
* Getlink GETP.PA: Barclays raises target price to EUR 22 from EUR 21 
* Getlink GETP.PA: Morgan Stanley raises target price to EUR 21.5 from EUR 20.3 
* Hemnet HEM.ST: JP Morgan cuts target price to SEK 90 from SEK 109
* Hermes HRMS.PA: Barclays cuts target price to EUR 1570 from EUR 1660 
* Hermes HRMS.PA: Berenberg cuts target price to EUR 1230 from EUR 1850 
* Hermes International S.C.A. HRMS.PA: Morgan Stanley cuts target price to EUR 1400 from EUR 1500 
* Hochschild HOCM.L: Peel Hunt cuts target price to 750p from 770p 
* Holcim AG HOLN.S: RBC raises target price to CHF 73 from CHF 69 
* Holmen HOLMb.ST: Alphavalue cuts target price to SEK 433 from SEK 480 
* Inchcape INCH.L: Deutsche Bank cuts target price to 750p from 870p 
* KBC Groep NV KBC.BR: Citigroup cuts target price to EUR 136 from EUR 140 
* KBC Groep NV KBC.BR: Citigroup cuts target price to EUR 136 from EUR 140 
* KBC Groep NV KBC.BR: Citigroup raises to buy from neutral
* Kering PRTP.PA: Jefferies cuts target price to EUR 200 from EUR 220 
* Kering PRTP.PA: JP Morgan cuts target price to EUR 200 from EUR 215 
* Kering PRTP.PA: Morgan Stanley cuts target price to EUR 220 from EUR 250 
* Kering PRTP.PA: TD Cowen cuts target price to EUR 210 from EUR 235 
* Kerry Group KYGa.I: Deutsche Bank raises target price to EUR 105 from EUR 95 
* Kerry Group KYGa.L: Barclays raises target price to 10500p from 9500p 
* Kerry Group Plc KYGa.I: Morgan Stanley raises target price to EUR 97 from EUR 90 
* Krones AG KRNG.DE: Berenberg cuts target price to EUR 158 from EUR 164 
* Kuehne+Nagel KNIN.S: Morgan Stanley raises target price to CHF 212 from CHF 200 
    * Kuehne+Nagel KNIN.S: TD Cowen raises target price to CHF 219 from CHF 205
* Legal & General LGEN.L: Barclays cuts target price to 329p from 330p 
* L'Oreal OREP.PA: BofA Global Research raises price objective to EUR 460 from EUR 440 
* L'Oreal OREP.PA: Citigroup raises target price to EUR 470 from EUR 435 
* L'Oreal S.A OREP.PA: Morgan Stanley raises target price to EUR 414 from EUR 379 
* LSEG LSEG.L: BofA Global Research raises price objective to 12500p from 11500p 
* LSEG LSEG.L: JP Morgan raises target price to 11000p from 10600p 
* M&G Plc MNG.L: Barclays cuts target price to 357p from 361p 
* Mildef Group AB MILDEF.ST: Berenberg raises target price to SEK 280 from SEK 225 
* Moncler MONC.MI: Barclays cuts target price to EUR 58 from EUR 60 
* Moncler MONC.MI: Berenberg cuts target price to EUR 55 from EUR 57 
* Mondi MNDI.L: Goldman Sachs cuts target price to 780p from 880p 
* Munich Re MUVGn.DE: Barclays cuts target price to EUR 593 from EUR 598 
* Nexans SA NEXS.PA: Barclays raises target price to EUR 183 from EUR 181 
* Nokia NOKIA.HE: BofA Global Research cuts price objective to EUR 13.50 from EUR 16 
* Nordic Semiconductor NOD.OL: JP Morgan cuts target price to NOK 165 from NOK 170 
* OMV Aktiengesellschaft OMVV.VI: Jefferies raises target price EUR 70 from EUR 68 
* Outokumpu OUT1V.HE: Citigroup cuts target price to EUR 5.5 from EUR 6 
* Pearson Plc PSON.L: Barclays raises target price to 1325p from 1250p 
* PKO Bank Polski SA PKO.WA: Barclays raises PT to PLN 109 from PLN 101 
* Rathbones RAT.L: Deutsche Bank raises target price to 1800p from 1700p 
* Relx Plc REL.L: Barclays raises target price to 3400p from 3100p 
* Renishaw RSW.L: Deutsche Bank raises target price to 6200p from 6150p 
* Roche RO.S: Deutsche Bank raises target price to CHF 500 from CHF 340 
* Roche RO.S: Deutsche Bank raises to buy from hold 
* Sainsbury SBRY.L: Exane BNP Paribas cuts to neutral from outperform 
* Sainsbury SBRY.L: JP Morgan cuts target price to 381p from 388p 
* Salzgitter AG SZGG.DE: Citigroup cuts target price to EUR 54 from EUR 60 
* SAP SE SAPG.DE: Alphavalue raises target price to EUR 216 from EUR 204 
* SAP SE SAPG.DE: Citigroup raises target price to EUR 240 from EUR 215 
* SAP SE SAPG.DE: Goldman Sachs raises target price to EUR 258 from EUR 230 
* SAP SE SAPG.DE: HSBC raises target price to EUR 240 from EUR 196 
* SAP SE SAPG.DE: Jefferies raises target price to EUR 250 from EUR 220 
* Sartorius AG SATG_p.DE: Barclays raises target price to EUR 320 from EUR 310 
* Sartorius AG SATG_p.DE: RBC raises target price to EUR 330 from EUR 220 
* Sartorius AG SATG_p.DE: RBC raises to outperform rating
* Schindler Holding SCHP.S: Barclays raises target price to CHF 330 from CHF 320 
    * SGS SA SGSN.S: RBC raises target price to CHF 92 from CHF 87
* Signify NV LIGHT.AS: Degroof Petercam cuts target price to EUR 14 from EUR 15 
* Skandinaviska Enskilda Banken SEBa.ST: Barclays cuts PT to SEK 254 from SEK 258 
* Stellantis N.V STLAM.MI: HSBC cuts target price to EUR 3.3 from EUR 4
* Swiss Re SRENH.S: Barclays cuts target price to CHF 124 from CHF 125 
* TGS TGS.OL: Barclays cuts target price to NOK 195 from NOK 200 
* Thales SA TCFP.PA: Morgan Stanley cuts target price to EUR 258 from EUR 264 
* Trainline TRNT.L: Canaccord Genuity cuts target price to 213p from 333p 
* UCB SA UCB.BR: TD Cowen raises target price to EUR 340 from EUR 305 
* URW URW.PA: Degroof Petercam cuts target price to EUR 102 from EUR 118 
* Vinci SA SGEF.PA: Morgan Stanley cuts target price to EUR 140 from EUR 146 
* Wacker Chemie AG WCHG.DE: Citigroup cuts target price to EUR 81 from EUR 85 
* Wickes Group Plc WIX.L: Jefferies raises target price to 275p from 250p 
* Xior Student Housing NV XIOR.BR: Degroof Petercam cuts target price to EUR 27 from EUR 31 
* Yara YAR.OL: BMO cuts target price to NOK 450 from NOK 500 
* Yara International ASA YAR.OL: Morgan Stanley cuts target price to NOK 445 from NOK 455 
     

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