Europe Research Roundup: ABN Amro Bank, Galp Energia, Rolls Royce

Knights group

16/01/2024 07:06

Jan 16 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including ABN Amro Bank, Galp Energia and Rolls Royce, on Tuesday.
    
    HIGHLIGHTS  
                 * ABN Amro Bank NV  ABNd.AS : JP Morgan cuts to underweight from
 neutral 
 
                 * Banco Bpm  BAMI.MI : JP Morgan cuts to underweight from neutral 
 
                 * Galp Energia SA  GALP.LS : JP Morgan raises to neutral from
 underweight 
 
     * Oxford Nanopore Technologies  ONT.L : Peel Hunt raises to reduce from sell 
                 * Rolls Royce  RR.L : Berenberg cuts to sell from hold 
 
      
Following is a summary of research actions on European companies reported by Reuters on
Tuesday. Stock entries are in alphabetical order.
    
                 * ABN Amro Bank NV  ABNd.AS : JP Morgan cuts target price to EUR 13.6 from
 EUR 15.8 
 
                 * ABN Amro Bank NV  ABNd.AS : JP Morgan cuts to underweight from neutral 
 
                 * ADP  ADP.PA : JP Morgan raises target price to EUR 124 from EUR 114 
 
                 * Ashmore  ASHM.L : JP Morgan raises target price to 185p from 183p 
 
                 * Banco Bpm  BAMI.MI : JP Morgan cuts target price to EUR 4.5 from EUR 5.7 
 
                 * Banco Bpm  BAMI.MI : JP Morgan cuts to underweight from neutral 
 
                 * Bank of Ireland Group Plc  BIRG.I : JP Morgan cuts target price to EUR 8
 from EUR 10.8 
 
                 * Bank of Ireland Group Plc  BIRG.I : JP Morgan cuts to underweight from
 neutral 
 
                 * Burberry Group  BRBY.L : HSBC cuts target price to 1400p from 1750p 
 
                 * Compagnie Financiere Richemont SA  CFR.S : HSBC cuts PT to CHF 138 from CHF
 140 
 
                 * Convatec Group Plc  CTEC.L : Bernstein raises target price to 305p from
 285p 
 
                 * Galp Energia SA  GALP.LS : JP Morgan raises target price to EUR 16.5 from
 EUR 14.5 
 
                 * Galp Energia SA  GALP.LS : JP Morgan raises to neutral from underweight 
 
                 * Kering  PRTP.PA : HSBC cuts target price to EUR 420 from EUR 440 
 
                 * Knights Group Holdings Plc  KGHK.L : Peel Hunt cuts target price to 170p
 from 230p 
 
                 * Koninklijke Philips NV  PHG.AS : Bernstein raises PT to EUR 19.50 from EUR
 18.60 
 
                 * Moncler  MONC.MI : HSBC cuts target price to EUR 68 from EUR 70 
 
                 * Nichols  NICL.L : HSBC raises target price to 1300p from 1200p 
 
                 * Oxford Nanopore Technologies  ONT.L : Peel Hunt raises to reduce from sell 
 
                 * Pagegroup  PAGE.L : RBC cuts target price to 550p from 560p 
 
                 * Partners Group Holding AG  PGHN.S : JP Morgan cuts PT to CHF 1097 from CHF
 1154 
 
                 * Premier Foods Plc  PFD.L : RBC initiates with outperform rating; PT 180p 
 
                 * Rightmove  RMV.L : JP Morgan cuts target price to 493p from 585p 
 
                 * Rightmove  RMV.L : JP Morgan cuts to underweight from neutral 
 
                 * Rolls Royce  RR.L : Berenberg cuts to sell from hold 
 
                 * Rolls Royce  RR.L : Berenberg raises target price to 240p from 100p 
 
                 * Sabadell  SABE.MC : JP Morgan cuts target price to EUR 1.2 from EUR 1.6 
 
                 * Sabadell  SABE.MC : JP Morgan cuts to neutral from overweight 
 
                 * Siemens Healthineers AG  SHLG.DE : Bernstein raises PT to EUR 66.50 from
 EUR 58 
 
                 * St James's Place  SJP.L : JP Morgan raises target price to 793p from 743p 
 
                 * Swatch  UHR.S : HSBC cuts target price to CHF 250 from CHF 260 
 
                 * Synthomer Plc  SYNTS.L : HSBC cuts target price to 160p from 230p 
 
                 * Taylor Wimpey  TW.L : JP Morgan raises target price to 101p from 96p 
 
                 * Taylor Wimpey  TW.L : Peel Hunt cuts to hold from add; PT price to 145p
 from 125p 
 
                 * Tecan Group AG  TECN.S : Berenberg cuts target price to CHF 375 from CHF
 461 
 
                 * Telenor ASA  TEL.OL : JP Morgan cuts target price to NOK 155 from NOK 160
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))