Europe Research Roundup: Air Liquide, Novozymes, Vodafone

Mercia Asset Management

07/12/2022 06:54

Dec 7 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Air Liquide, Novozymes and Vodafone, on Wednesday. 
    HIGHLIGHTS  
     * Air Liquide  AIRP.PA : JP Morgan cuts to neutral from overweight
     * Johnson Matthey  JMAT.L : JP Morgan cuts to underweight from neutral
     * Novozymes  NZYMb.CO : JP Morgan raises to overweight from neutral
     * Vodafone  VOD.L : JP Morgan cuts target price to 97p from 100p
     * Wacker Chemie AG  WCHG.DE : JP Morgan raises to neutral from underweight
 Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
     * 888 Holdings Plc  888.L : Canaccord Genuity cuts target price to 295p from 355p
     * Adecco Group AG  ADEN.S : Jefferies raises target price to CHF 34 from CHF 29
     * Air Liquide  AIRP.PA : JP Morgan cuts to neutral from overweight
     * Airbus SE  AIR.PA : Jefferies cuts target price to EUR 132 from EUR 140
     * Amundi SA  AMUN.PA : Credit Suisse raises target price to EUR 59 from EUR 51
     * Ashtead Group Plc  AHT.L : RBC raises target price to 5450p from 5150p
     * Bankinter SA  BKT.MC : Citigroup raises target price to EUR 7.50 from EUR 7.40
     * Befesa SA  BFSA.DE : JP Morgan raises target price to EUR 44 from EUR 42
     * Bodycote  BOY.L : HSBC cuts target price to 730p from 740p
     * DR Martens Plc  DOCS.L : Peel Hunt cuts target price to 400p from 475p
     * DWS Group Gmbh & Co KGaA  DWSG.DE : Credit Suisse raises PT to EUR 32 from EUR 29
     * Elis SA  ELIS.PA : JP Morgan raises to overweight from neutral
     * Fortum Oyj  FORTUM.HE : Credit Suisse cuts target price to EUR 15.2 from EUR 15.3
     * Glencore  GLEN.L : JP Morgan cuts target price to 600p from 660p
     * Halma  HLMA.L : HSBC cuts target price to 1945p from 1975p
     * Hays  HAYS.L : Jefferies raises target price to 135p from 125p
     * Helical Plc  HLCL.L : Berenberg cuts target price to 350p from 375p
     * Idorsia Ltd  IDIA.S : JP Morgan cuts target price to CHF 17 from CHF 22
     * Johnson Matthey  JMAT.L : JP Morgan cuts target price to 2000p from 2150p
     * Johnson Matthey  JMAT.L : JP Morgan cuts to underweight from neutral
     * Lonza Group AG  LONN.S : Credit Suisse cuts target price to CHF 580 from CHF 700
     * Majorel Group Luxembourg SA  MAJ.AS : JP Morgan raises PT to EUR 31 from EUR 30
     * Mercia Asset Management Plc  MERCM.L : Canaccord Genuity raises PT to 62p from 57p
     * Novozymes  NZYMb.CO : JP Morgan raises to overweight from neutral
     * Novozymes  NZYMb.CO : JP Morgan raises target price to DKK 500 from DKK 428
     * OCI NV  OCI.AS : JP Morgan cuts target price to EUR 40 from EUR 43.5
     * Pagegroup  PAGE.L : Jefferies cuts to underperform from hold
     * Pagegroup  PAGE.L : Jefferies raises target price to 400p from 360p
     * Prosus NV  PRX.AS : Citigroup raises target price to EUR 82 from EUR 66
     * Randstad NV  RAND.AS : Jefferies raises target price to EUR 42 from EUR 36
     * Randstad NV  RAND.AS : JP Morgan raises target price to EUR 50 from EUR 49
     * Rexel  RXL.PA : Credit Suisse raises target price to EUR 20 from EUR 18.79
     * Schroders  SDR.L : Credit Suisse raises target price to 510p from 480p
     * Securitas AB  SECUb.ST : JP Morgan cuts target price to SEK 85 from SEK 90
     * Spectris  SXS.L : HSBC raises target price to 3920p from 3305p
     * Spie SA  SPIE.PA : JP Morgan raises target price to EUR 28 from EUR 27
     * Spirax-Sarco  SPX.L : HSBC raises target price to 10330p from 9280p
     * Spire Healthcare Group Plc  SPI.L : RBC cuts target price to 230p from 260p
     * SThree Plc  STEMS.L : Jefferies raises target price to 390p from 320p
     * Swatch Group AG  UHR.S : Jefferies raises target price to CHF 275 from CHF 260
     * Telefonica Deutschland  O2Dn.DE : JP Morgan cuts PT to EUR 3.3 from EUR 3.5
     * TT Electronics Plc  TTG.L : HSBC raises target price to 240p from 230p
     * Umicore SA  UMI.BR : JP Morgan cuts to underweight from neutral
     * Vodafone  VOD.L : JP Morgan cuts target price to 97p from 100p
     * Volex  VLX.L : HSBC cuts target price to 370p from 385p
     * Wacker Chemie AG  WCHG.DE : JP Morgan raises to neutral from underweight
     * Wood Plc  WG.L : Citigroup cuts target price to 150p from 240p
     * XP Power  XPP.L : HSBC raises target price to 1800p from 1620p
     * Yara International ASA  YAR.OL : JP Morgan cuts PT to NOK 500 from NOK 540
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))