Europe Research Roundup: Banco Bpm, Firstgroup, Xps Pensions

Klepierre SA

11/06/2024 08:23

June 11 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Banco Bpm, Firstgroup and Xps Pensions Group, on Tuesday.
    
    HIGHLIGHTS
    
     * Banco Bpm  BAMI.MI : Morgan Stanley cuts to equal weight from overweight 
                 * Firstgroup Plc  FGP.L : RBC raises target price to 200p from 195p 
 
     * JCDecaux SE  JCDX.PA : Deutsche Bank cuts to hold from buy 
     * Next Plc  NXT.L : HSBC raises target price to 9570p from 9300p 
     * Xps Pensions Group Plc  XPS.L : RBC raises target price to 315p from 270p 
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 
   
                 * Accelleron Industries AG  ACLN.S : Berenberg initiates coverage with hold rating; PT CHF 39 
 
                 * Anglo American  AAL.L : Morgan Stanley resumes coverage with equalweight rating; PT 2,270p 
 
                 * Azelis  AZE.BR : Deutsche Bank initiates coverage with hold rating and PT EUR 20.4 
 
                 * Banco Bpm  BAMI.MI : Morgan Stanley cuts to equal weight from overweight 
 
                 * Banco Bpm  BAMI.MI : Morgan Stanley raises target price to EUR 7.7 from EUR 7.1 
 
                 * Bank of Ireland Group Plc  BIRG.I : Morgan Stanley cuts to underweight from equalweight 
 
                 * Boohoo  BOOH.L : JP Morgan cuts target price to 37p from 45p 
 
                 * Brenntag  BNRGn.DE : Deutsche Bank cuts target price to EUR 86.3 from EUR 88.9 
 
                 * Ceconomy AG  CECG.DE : HSBC raises target price to EUR 3.2 from EUR 2.5 
 
                 * Colruyt NV  COLR.BR : HSBC raises target price to EUR 35 from EUR 30 
 
                 * Deutsche Telekom AG  DTEGn.DE : Barclays raises target price to EUR 30.5 from EUR 29.5 
 
                 * E ON SE  EONGn.DE : Citigroup raises target price to EUR 14.5 from EUR 12.7 
 
                 * Edenred  EDEN.PA : Deutsche Bank cuts target price to EUR 66 from EUR 68 
 
                 * Elia Group SA  ELI.BR : Citigroup cuts target price to EUR 109 from EUR 122 
 
                 * Eurobank Ergasias Services and Holdings SA  EURBr.AT : HSBC ups PT to EUR 3.5 from EUR 2 
 
                 * Firstgroup Plc  FGP.L : RBC raises target price to 200p from 195p 
 
                 * Fnac Darty SA  FNAC.PA : HSBC raises target price to EUR 32 from EUR 26 
 
                 * Fresenius  FREG.DE : Deutsche Bank raises target price to EUR 42 from EUR 41 
 
                 * H & M Hennes & Mauritz AB  HMb.ST : Barclays raises PT to SEK 200 from SEK 190 
 
                 * Hikma  HIK.L : Citigroup raises target price to 2845p from 2770p 
 
                 * Intertek  ITRK.L : Berenberg raises target price to 5,500p from 5,400p 
 
                 * Intesa Sanpaolo S.P.A.  ISP.MI : Morgan Stanley raises target price to EUR 4.7 from EUR 4.2 
 
                 * Intesa Sanpaolo SpA  ISP.MI : Morgan Stanley raises target price to EUR 4.7 from EUR 4.2 
 
                 * JCDecaux SE  JCDX.PA : Deutsche Bank cuts to hold from buy 
 
                 * Klepierre  LOIM.PA : Berenberg raises target price to EUR 30 from EUR 26.5 
 
                 * Komax Holding AG  KOMN.S : Baader Helvea cuts to add from buy; cuts PT to CHF 175 from CHF 215 
 
                 * Mediobanca  MDBI.MI : Morgan Stanley raises target price to EUR 18.2 from EUR 16.9 
 
                 * Mediobanca Banca Di Credito Finanziario  MDBI.MI : Morgan Stanley ups PT to EUR 18.2 from EUR 16.9 
 
                 * Nestle  NESN.S : Deutsche Bank cuts target price to CHF 106 from CHF 110 
 
                 * Next Plc  NXT.L : HSBC raises target price to 9570p from 9300p 
 
                 * Oxford Instruments  OXIG.L : JP Morgan raises target price to 2,750p from 2,400p 
 
                 * Qinetiq Group Plc  QQ.L : Citigroup raises target price to 530p from 457p 
 
                 * Redeia  REDE.MC : Citigroup initiates coverage With Buy rating; PT EUR 18.6 
 
                 * Renew Holdings Plc  RNWH.L : Peel Hunt raises target price to 1,250p from 1,150p 
 
                 * Snam  SRG.MI : Citigroup cuts target price to EUR 4.8 from EUR 5.3 
 
                 * SSAB AB  SSABa.ST : JP Morgan cuts target price to SEK 72 from SEK 77 
 
                 * SSAB AB  SSABb.ST : JP Morgan cuts target price to SEK 65 from SEK 69 
 
                 * Stroeer SE & Co. KGaA  SAXG.DE : Deutsche Bank raises PT to EUR 74 from EUR 64 
 
                 * Terna  TRN.MI : Citigroup raises target price to EUR 8.2 from EUR 7.5 
 
                 * TUI AG  TUIT.L : HSBC raises target price to 870p from 840p 
 
                 * UCB SA  UCB.BR : Citigroup raises target price to EUR 161 from EUR 126 
 
                 * UCB SA  UCB.BR : JP Morgan raises to neutral from underweight; ups PT to EUR 150 from EUR 70 
 
                 * Unicredit  CRDI.MI : Morgan Stanley raises target price to EUR 43 from EUR 40 
 
                 * Xps Pensions Group Plc  XPS.L : RBC raises target price to 315p from 270p 
 
           

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