Europe Research Roundup: Faurecia, FMC AG, Ocado

LBG Media

27/06/2022 08:21

June 27 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Faurecia, FMC AG and Ocado, on Monday. 
    
    HIGHLIGHTS  
     * Big Technologies Plc  BIGB.L : Berenberg initiates coverage with buy rating 
     * Faurecia  EPED.PA : Jefferies raises to buy from hold 
     * FMC AG  FMEG.DE : Jefferies raises to buy from underperform 
     * LBG Media Plc  LBG.L : Berenberg initiates coverage with buy rating
     * Ocado  OCDO.L : Credit Suisse cuts to neutral from outperform 
 
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 

     * Big Technologies Plc  BIGB.L : Berenberg initiates coverage with buy rating 
     * Big Technologies Plc  BIGB.L : Berenberg initiates coverage with target price 320p 
     * Computacenter Plc  CCC.L : Berenberg cuts target price to 3250p from 3600p 
     * Convatec Group Plc  CTEC.L : JP Morgan raises target price to 255p from 230p 
     * Darktrace Plc  DARK.L : Berenberg cuts target price to 600p from 1000p 
     * Faurecia  EPED.PA : Jefferies raises to buy from hold 
     * Firstgroup Plc  FGP.L : RBC raises target price to 165p from 160p 
     * FMC AG  FMEG.DE : Jefferies raises to buy from underperform 
     * FMC AG  FMEG.DE : Jefferies raises target price to EUR 64 from EUR 53 
     * Future Plc  FUTR.L : Berenberg cuts target price to 3250p from 3600p 
     * GN Store Nord  GN.CO : JP Morgan cuts target price to DKK 303 from DKK 326 
     * Go-Ahead  GOG.L : RBC cuts to sector perform from outperform 
     * Go-Ahead  GOG.L : RBC raises target price to 1600p from 1000p 
     * Kerry Group Plc  KYGa.I : JP Morgan cuts target price to EUR 135 from EUR 150 
     * Kone Oyj  KNEBV.HE : Jefferies cuts target price to EUR 56 from EUR 61 
     * LBG Media Plc  LBG.L : Berenberg initiates coverage with buy rating
     * LBG Media Plc  LBG.L : Berenberg initiates coverage with target price 180p 
     * Londonmetric  LMPL.L : JP Morgan raises target price to 340p from 335p 
     * L'Oreal  OREP.PA : JP Morgan cuts target price to EUR 400 from EUR 435 
     * Merlin Properties  MRL.MC : JP Morgan cuts to neutral from overweight 
     * Merlin Properties  MRL.MC : JP Morgan cuts target price to EUR 12 from EUR 12.75 
     * Naked Wines Plc  WINEW.L : Jefferies cuts target price to 250p from 800p 
     * NOS  NOS.LS : HSBC raises target price to EUR 3.8 from EUR 3.2 
     * Ocado  OCDO.L : Credit Suisse cuts to neutral from outperform 
     * Ocado  OCDO.L : Credit Suisse cuts target price to 960p from 1600p 
     * Schindler Holding AG  SCHN.S : Jefferies cuts target price to CHF 192 from CHF 225 
     * Sirius Real Estate Ltd  SRET.L : Peel Hunt cuts target price to 125p from 155p 
     * Soitec SA  SOIT.PA : JP Morgan cuts target price to EUR 195 from EUR 240 
     * Team17 Group Plc  TM17.L : Berenberg cuts target price to 650p from 800p 
     * Teamviewer AG  TMV.DE : JP Morgan cuts to neutral from overweight 
     * Teamviewer AG  TMV.DE : JP Morgan cuts target price to EUR 12 from EUR 18 
     * Traton SE  8TRA.DE : JP Morgan cuts target price to EUR 21 from EUR 24.50 
     * Zalando SE  ZALG.DE : HSBC cuts target price to EUR 25 from EUR 39 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))