Europe Research Roundup: Burberry, Hermes, Spectris

Kion AG

20/09/2024 08:19

Sept 20 (Reuters) - 
  
    HIGHLIGHTS  
    
                 * ASML Holding NV  ASML.AS : Morgan Stanley cuts to equal-weight from overweight
 
                 * Burberry  BRBY.L : Jefferies cuts to underperform from hold
 
                 * Hermes  HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470
 
                 * Intercontinental Hotels  IHG.L : HSBC cuts target price to 7900p from 8100p
 
                 * Spectris Plc  SXS.L : Peel Hunt cuts target price to 3,500p from 3,700p
 
      
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
  
                 * AAK  AAK.ST : Barclays raises target price to SEK 275 from SEK 260
 
                 * Arkema  AKE.PA : Barclays cuts target price to EUR 123 from EUR 127
 
                 * ASML Holding NV  ASML.AS : Morgan Stanley cuts to equal-weight from overweight
 
                 * ASML Holding NV  ASML.AS : Morgan Stanley cuts target price to EUR 800 from EUR 925
 
                 * Autostore  AUTO.OL : Barclays cuts target price to NOK 14 from NOK 20
 
                 * Bavarian Nordic A/S  BAVA.CO : Jefferies raises target price to DKK 310 from DKK 235
 
                 * Burberry  BRBY.L : Jefferies cuts target price to 490p from 800p
 
                 * Burberry  BRBY.L : Jefferies cuts to underperform from hold
 
                 * Close Brothers Group Plc  CBRO.L : RBC cuts target price to 540p from 620p
 
                 * EQT AB  EQTAB.ST : JP Morgan raises target price to SEK 395 from SEK 394
 
                 * Euronext NV  ENX.PA : HSBC raises target price to EUR 108 from EUR 103
 
                 * Haleon Plc  HLN.L : Morgan Stanley raises target price to 415p from 385p
 
                 * Hermes  HRMS.PA : Jefferies cuts target price to EUR 2,200 from EUR 2,470
 
                 * Integrafin Holdings Plc  IHPI.L : Peel Hunt cuts to add from buy
 
                 * Integrafin Holdings Plc  IHPI.L : Peel Hunt raises target price to 400p from 385p
 
                 * Intercontinental Hotels  IHG.L : HSBC cuts target price to 7900p from 8100p
 
                 * Jungheinrich  JUNG_p.DE : Barclays cuts target price to EUR 38 from EUR 43
 
                 * Kering  PRTP.PA : Jefferies cuts target price to EUR 230 from EUR 300
 
                 * Kion  KGX.DE : Barclays cuts target price to EUR 38 from EUR 43
 
                 * LVMH  LVMH.PA : Jefferies cuts target price to EUR 600 from EUR 690
 
                 * Ocado  OCDO.L : HSBC raises target price to 305p from 295p
 
                 * S&U Plc  SUS.L : Peel Hunt cuts target price to 2,214p from 2,280p
 
                 * Schneider Electric  SCHN.PA : Jefferies raises target price to EUR 275 from EUR 260
 
                 * Serica Energy Plc  SQZ.L : Peel Hunt cuts target price to 297p from 334p
 
                 * Solvay  SOLB.BR : Barclays raises target price to EUR 28 from EUR 27
 
                 * Spectris Plc  SXS.L : Peel Hunt cuts target price to 3,500p from 3,700p
 
                 * Stellantis NV  STLAM.MI : RBC cuts target price to EUR 17 from EUR 18
 
                 * Syensqo  SYENS.BR : Barclays cuts target price to EUR 86 from EUR 101
 
                 * Synthomer  SYNTS.L : Barclays cuts target price to 410p from 416p
 
                 * Wacker Chemie AG  WCHG.DE : JP Morgan cuts target price to EUR 114 from EUR 120
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))