Europe Research Roundup: Ocado, Severn Trent, United Utilities
16/10/2023 08:18
Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Ocado, Severn Trent and United Utilities on Monday.
HIGHLIGHTS
* Ocado OCDO.L : Barclays cuts to underweight from
equal-weight
* Severn Trent SVT.L : Jefferies raises to buy from
underperform
* United Utilities UU.L : Jefferies raises to buy from
hold
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* ADP ADP.PA : Morgan Stanley cuts target price to EUR 125 from EUR 142
* Airbus SE AIR.PA : Morgan Stanley cuts target price to EUR 161 from EUR 162
* Alcon AG ALCC.S : Citigroup cuts price target to CHF 89 from CHF 90
* Amg AMG.AS : Citigroup cuts price target to EUR 45 from EUR 65
* Ashmore ASHM.L : Citigroup cuts price target to 153p from 168p
* Ashmore ASHM.L : JP Morgan cuts target price to 170p from 180p
* ASML Holding NV ASML.AS : Evercore ISI cuts target price to EUR 725 from EUR 850
* Aurubis AG NAFG.DE : Morgan Stanley raises target price to EUR 78 from EUR 76
* BMW BMWG.DE : Jefferies cuts target price to EUR 110 from EUR 120
* Cellnex Telecom S.A. CLNX.MC : HSBC cuts target price to EUR 40 from EUR 46
* Commerzbank AG CBKG.DE : Morgan Stanley raises target price to EUR 16 from EUR 15
* DR Ing HC F Porsche AG P911_p.DE : Jefferies cuts target price to EUR 95 from EUR 105
* Eiffage FOUG.PA : Morgan Stanley cuts target price to EUR 144 from EUR 150
* Encavis AG ECVG.DE : Morgan Stanley cuts target price to EUR 12 from EUR 14.5
* Fagron NV FAGRO.BR : Berenberg raises target price to EUR 22.4 from EUR 21.9
* HSBC HSBA.L : Citigroup raises price target to 880p from 830p
* Iberdrola IBE.MC : Morgan Stanley cuts target price to EUR 11 from EUR 12
* Inwit INWT.MI : HSBC cuts target price to EUR 13 from EUR 13.5
* Italy'S Prysmian PRY.MI : JP Morgan raises target price to EUR 49 from EUR 45
* Kion KGX.DE : Barclays raises target price to EUR 39 from EUR 37
* Leonardo SpA LDOF.MI : Morgan Stanley raises target price to EUR 15.2 from EUR 11.2
* Lloyds LLOY.L : Citigroup cuts price target to 82p from 83p
* Mercedes Benz Group AG MBGn.DE : Jefferies cuts target price to EUR 72 from EUR 75
* MTU Aero Engines AG MTXGn.DE : Morgan Stanley cuts target price to EUR 191 from EUR 192
* National Grid Plc NG.L : Morgan Stanley cuts target price to 1180p from 1250p
* Natwest Group Plc NWG.L : Citigroup cuts price target to 385p from 390p
* Nel ASA NEL.OL : Citigroup cuts price target to NOK 9 from NOK 15.5
* Novo Nordisk NOVOb.CO : Barclays raises target price to DKK 825 from DKK 725
* Novo Nordisk NOVOb.CO : Citigroup raises price target to DKK 815 from DKK 745
* Ocado OCDO.L : Barclays cuts target price to 430p from 680p
* Ocado OCDO.L : Barclays cuts to underweight from equal-weight
* Orange Belgium SA OBEL.BR : Morgan Stanley cuts target price to EUR 15 from EUR 19.2
* Orsted A/S ORSTED.CO : Morgan Stanley cuts target price to DKK 640 from DKK 700
* Pennon Group Plc PNN.L : Jefferies raises target price to 850p from 700p
* Pennon Group Plc PNN.L : Jefferies raises to buy from underperform
* Prosus NV PRX.AS : Citigroup raises price target to EUR 43 from EUR 41.29
* RWE AG RWEG.DE : Citigroup cuts price target to EUR 43 from EUR 45
* Safran SAF.PA : Morgan Stanley raises target price to EUR 193 from EUR 184
* Sartorius AG SATG.DE : Jefferies cuts target price to EUR 264 from EUR 345
* Severn Trent SVT.L : Jefferies raises target price to 2,950p from 2,100p
* Severn Trent SVT.L : Jefferies raises to buy from underperform
* Siemens Energy AG ENR1n.DE : Morgan Stanley cuts target price to EUR 18 from EUR 20
* Sika SIKA.S : Barclays cuts target price to CHF 365 from CHF 380
* Sika AG SIKA.S : Jefferies raises target price to CHF 325 from CHF 322
* Sika AG SIKA.S : Morgan Stanley cuts target price to CHF 281 from CHF 308
* Standard Chartered Plc STAN.L : Citigroup raises price target to 850p from 765p
* Synthomer SYNTS.L : Peel Hunt adjusts target price to 350p from 125p to reflect share
consolidation
* Synthomer SYNTS.L : Peel Hunt raises to buy from hold
* Tryg TRYG.CO : Citigroup raises price target to DKK 149.1 from DKK 138.9
* Tryg TRYG.CO : HSBC raises target price to DKK 170 from DKK 160
* United Utilities UU.L : Jefferies raises target price to 1,200p from 960p
* United Utilities UU.L : Jefferies raises to buy from hold
* Veolia VIE.PA : Morgan Stanley cuts target price to EUR 33 from EUR 34
* Vinci SGEF.PA : Morgan Stanley cuts target price to EUR 136 from EUR 141
* Virgin Money UK Plc VMUK.L : Citigroup raises price target to 265p from 210p
* Vivoryon Therapeutics NV VVY.AS : Jefferies initiates coverage with buy rating
* Vivoryon Therapeutics NV VVY.AS : Jefferies initiates coverage with EUR 16.5 target price
(Compiled by Bengaluru Newsroom)
((Diaries@thomsonreuters.com))