Europe Research Roundup: Hannover Rueck SE, Salzgitter AG, Swiss Re AG

Kloeckner & Co SE

07/07/2022 08:18

July 7 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Hannover Rueck SE, Salzgitter AG and Swiss Re AG, on Thursday. 
    
    HIGHLIGHTS
     * Hannover Rueck SE  HNRGn.DE : RBC initiates coverage with outperform rating; PT EUR 170 
     * Salzgitter AG  SZGG.DE : Jefferies cuts to hold from buy; cuts PT to EUR 23 from EUR 55     
     * Swiss Re AG  SRENH.S : RBC initiates coverage with sector perform rating; PT CHF 80     
     * Voestalpine AG  VOES.VI : Jefferies cuts target price to EUR 21 from EUR 29 
      
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. 
    
     * Acerinox SA  ACX.MC : Jefferies cuts target price to EUR 12 from EUR 15 
     * Adidas AG  ADSGn.DE : Credit Suisse cuts target price to EUR 155 from EUR 193 
     * Aena Sme SA  AENA.MC : JP Morgan cuts target price to EUR 158 from EUR 162 
     * Air France-KLM  AIRF.PA : HSBC cuts target price to EUR 1.2 from EUR 1.4 
     * Akzo Nobel NV  AKZO.AS : HSBC cuts target price to EUR 88 from EUR 107 
     * Ams Osram AG  AMS.S : Jefferies cuts target price to CHF 8 from CHF 13 
     * Amundi SA  AMUN.PA : Credit Suisse cuts target price to EUR 52 from EUR 54 
     * Anadolu Efes  AEFES.IS : HSBC raises target price to TRY 41 from TRY 40 
     * Ao World Plc  AO.L : JP Morgan cuts target price to 40p from 59p 
     * Aperam SA  APAM.AS : Jefferies cuts target price to EUR 27 from EUR 37.5 
     * AstraZeneca  AZN.L : Jefferies raises target price to 9800p from 9500p 
     * Banco Bpm  BAMI.MI : JP Morgan cuts target price to EUR 3.3 from EUR 3.6 
     * Coca-Cola Icecek  CCOLA.IS : HSBC raises target price to TRY 162 from TRY 154 
     * Drax Group Plc  DRX.L : JP Morgan raises target price to 990p from 975p 
     * Drax Group Plc  DRX.L : RBC raises target price to 1,175p from 1,150p 
     * EasyJet  EZJ.L : HSBC cuts target price to 725p from 750p 
     * Erdemir  EREGL.IS : HSBC cuts target price to TRY 32 from TRY 42.5 
     * Finnair  FIA1S.HE : HSBC cuts target price to EUR 0.3 from EUR 0.32 
     * Hannover Rueck SE  HNRGn.DE : RBC initiates coverage with outperform rating; PT EUR 170 
     * Hargreaves Lansdown  HRGV.L : JP Morgan cuts target price to 770p from 1060p 
     * Hunting Plc  HTG.L : Jefferies cuts target price to 330p from 380p 
     * IAG  ICAG.L : HSBC cuts target price to 120p from 150p 
     * Infineon Technologies AG  IFXGn.DE : Jefferies cuts target price to EUR 18 from EUR 23 
     * Intesa Sanpaolo SpA  ISP.MI : JP Morgan cuts target price to EUR 2.4 from EUR 2.8 
     * Johnson Matthey  JMAT.L : Jefferies cuts target price to 2400p from 2600p 
     * Kardemir  KRDMD.IS : HSBC cuts target price to TRY 13 from TRY 20 
     * Kloeckner & Co SE  KCOGn.DE : Jefferies cuts target price to EUR 14.8 from EUR 16 
     * Lonza Group AG  LONN.S : Credit Suisse cuts target price to CHF 700 from CHF 750 
     * Lufthansa  LHAG.DE : HSBC cuts target price to EUR 6.03 from EUR 6.7 
     * Medacta Group SA  MOVE.S : JP Morgan cuts target price to CHF 100 from CHF 124 
     * Melexis NV  MLXS.BR : Jefferies cuts target price to EUR 55 from EUR 65 
     * Munich Re  MUVGn.DE : RBC initiates coverage with sector perform rating; PT EUR 245 
     * Outokumpu Oyj  OUT1V.HE : Jefferies cuts target price to EUR 4 from EUR 5 
     * Roche Holding AG  ROG.S : Jefferies cuts target price to CHF 355 from CHF 360 
     * Ryanair  RYA.I : HSBC cuts target price to EUR 16.75 from EUR 17.5 
     * Salzgitter AG  SZGG.DE : Jefferies cuts to hold from buy; cuts PT to EUR 23 from EUR 55 
     * Scor  SCOR.PA : RBC initiates coverage with outperform rating; target price EUR 26 
     * SSAB AB  SSABa.ST : Jefferies cuts target price to SEK 70 from SEK 80 
     * STMicroelectronics NV  STM.PA : Jefferies cuts target price to EUR 24 from EUR 30 
     * Swiss Re AG  SRENH.S : RBC initiates coverage with sector perform rating; PT CHF 80 
     * Telia  TELIA.ST : JP Morgan raises target price to SEK 41 from SEK 40 
     * Tenaris  TENR.MI : Jefferies raises target price to EUR 20 from EUR 15.5 
     * ThyssenKrupp  TKAG.DE : Jefferies cuts target price to EUR 12.15 from EUR 13.25 
     * Ulker  ULKER.IS : HSBC cuts target price to TRY 22 from TRY 24 
     * Unicredit  CRDI.MI : JP Morgan raises target price to EUR 12 from EUR 11.7 
     * Vallourec  VLLP.PA : Jefferies raises target price to EUR 17 from EUR 15 
     * Voestalpine AG  VOES.VI : Jefferies cuts target price to EUR 21 from EUR 29 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))