Europe Research Roundup: ADP, Deliveroo, Subsea 7 SA

Klepierre SA

13/10/2023 08:19

Oct 13 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including ADP, Deliveroo, and Subsea 7 SA, on Friday.
    
  HIGHLIGHTS
   
                 * ADP  ADP.PA : JP Morgan raises to neutral from underweight 
 
                 * Deliveroo Plc  ROO.L : JP Morgan raises to neutral from underweight 
 
                 * Subsea 7 SA  SUBC.OL : Jefferies raises to buy from underperform
 
 
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 
   
                 * ADP  ADP.PA : JP Morgan cuts target price to EUR 115 from EUR 118 
 
                 * ADP  ADP.PA : JP Morgan raises to neutral from underweight 
 
                 * Atalaya Mining Plc  ATYM.L : Berenberg cuts target price to 370p from 380p 
 
                 * Avanza Bank  AVANZ.ST : JP Morgan cuts target price to SEK 159 from SEK 162 
 
                 * Bat  BATS.L : Jefferies raises target price to 4100p from 4000p 
 
                 * Befesa SA  BFSA.DE : Berenberg cuts target price to EUR 42 from EUR 45 
 
                 * BNP Paribas  BNPP.PA : Jefferies cuts target price to EUR 89 from EUR 90 
 
                 * Credit Agricole  CAGR.PA : Jefferies cuts target price to EUR 13 from EUR 13.3
 
                 * Credit Agricole  CAGR.PA : JP Morgan raises target price to EUR 12.9 from EUR
 12.8 
 
                 * Deliveroo Plc  ROO.L : JP Morgan raises target price to 142p from 113p 
 
                 * Deliveroo Plc  ROO.L : JP Morgan raises to neutral from underweight 
 
                 * Dufry AG  DUFN.S : JP Morgan raises target price to CHF 62 from CHF 61 
 
                 * Finecobank  FBK.MI : Berenberg cuts target price to EUR 15.75 from EUR 17 
 
                 * Forterra Plc  FORT.L : Jefferies cuts target price to 135p from 164p 
 
                 * Fraport  FRAG.DE : JP Morgan cuts target price to EUR 47 from EUR 51 
 
                 * Grainger  GRI.L : Jefferies assumes coverage with buy rating and 315p target
 price 
 
                 * Just Eat Takeaway.Com  JETJ.L : JP Morgan cuts target price to 1,086p from
 1,509p 
 
                 * Klepierre  LOIM.PA : HSBC cuts to hold from buy 
 
                 * Nordnet AB (Publ)  SAVE.ST : JP Morgan cuts target price to SEK 143 from SEK
 147 
 
                 * Pagegroup  PAGE.L : RBC cuts target price to 560p from 570p 
 
                 * SIG Plc  SHI.L : Jefferies cuts target price to 28.7p from 30.5p 
 
                 * Spirax-Sarco  SPX.L : Peel Hunt cuts target price to 10000p from 11000p 
 
                 * SSE  SSE.L : Jefferies cuts target price to 1620p from 1900p 
 
                 * Subsea 7 SA  SUBC.OL : Jefferies raises to buy from underperform
 
                 * Subsea 7 SA  SUBC.OL : Jefferies raises target price to NOK 170 from NOK 90 
 
                 * Swiss Re AG  SRENH.S : Berenberg raises to buy from hold
 
                 * Swiss Re AG  SRENH.S : Berenberg raises target price to CHF 115 from CHF 98 
 
                 * Travis Perkins  TPK.L : Peel Hunt cuts target price to 840p from 900p 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))