Europe Research Roundup: Glencore, Rio Tinto, Michelin
08/07/2024 07:50
July 8 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Glencore, Rio Tinto and Michelin, on Monday.
HIGHLIGHTS
* Arkema SA AKE.PA : JP Morgan raises to neutral from underweight
* Glencore GLEN.L : Jefferies raises target price to 600p from 550p
* Michelin MICP.PA : HSBC raises to buy from hold
* Pirelli & C SpA PIRC.MI : HSBC raises to buy from hold
* Rio Tinto RIO.L : Jefferies raises target price to 6400p from 6000p
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* ABB Ltd ABBN.S : JP Morgan raises target price to CHF 45 from CHF 38
* Arkema SA AKE.PA : JP Morgan raises to neutral from underweight
* Continental AG CONG.DE : HSBC cuts target price to EUR 64 from EUR 74
* Glencore GLEN.L : Jefferies raises target price to 600p from 550p
* Interparfums SA IPAR.PA : Berenberg cuts target price to EUR 57 from EUR 62
* LBG Media Plc LBG.L : Berenberg raises target price to 140p from 120p
* Legrand LEGD.PA : JP Morgan raises target price to EUR 100 from EUR 93
* Michelin MICP.PA : HSBC raises to buy from hold
* Nordic Semiconductor NOD.OL : JP Morgan raises target price to NOK 180 from NOK 135
* Paypoint PAYP.L : Jefferies raises target price to 722p from 680p
* Pirelli & C SpA PIRC.MI : HSBC raises to buy from hold
* Rio Tinto RIO.L : Jefferies raises target price to 6400p from 6000p
* Stroeer SAXG.DE : JP Morgan raises target price to EUR 89 from EUR 87
(Compiled by Bengaluru Newsroom)
((Diaries@thomsonreuters.com))