Europe Research Roundup: Kbc Groep, Mondi, Shaftesbury Capital

Mondi

10/08/2026 08:23

Aug 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Kbc Groep, Mondi and Shaftesbury Capital on Monday. 

HIGHLIGHTS
    
* ADP ADP.PA: Citigroup raises target price to EUR 125 from EUR 118 
* Kbc Groep NV KBC.BR: RBC raises target price to EUR 134 from EUR 124 
* Mondi MNDI.L: Citigroup raises target price to 1040p from 820p 
* Shaftesbury Capital Plc SHCS.L: Berenberg raises to buy from hold
* WPP WPP.L: Citigroup raises target price to 430p from 285p 

Following is a summary of research actions on European companies reported by Reuters on Monday Stock entries are in alphabetical order. 

* Adecco Group ADEN.S: Morgan Stanley raises target price to CHF 16 from CHF 15 
* ADP ADP.PA: Citigroup raises target price to EUR 125 from EUR 118 
* Afry AB AFRY.ST: Jefferies cuts target price to SEK 190 from SEK 200 
* Allianz SE ALVG.DE: RBC raises target price to EUR 450 from EUR 440 
* Alstom ALSO.PA: Morgan Stanley cuts target price to EUR 20 from EUR 22 
* Amundi AMUN.PA: Deutsche Bank cuts to hold from buy 
* Amundi AMUN.PA: Deutsche Bank raises target price to EUR 103 from EUR 86 
* Aumovio SE AMV0n.DE: Bernstein raises target price to EUR 54 from EUR 38 
* Aumovio SE AMV0n.DE: Bernstein raises to outperform from market-perform
* Banco Comercial Portugues SA BCP.LS: Morgan Stanley ups PT to EUR 1.02 from EUR 0.96 
* Bank Pekao S.A. PEO.WA: Morgan Stanley raises PT to PLN 298 from PLN 260 
* BAT BATS.L: BTIG cuts target price to 5500p from 5800p 
* BAT BATS.L: RBC raises target price to 3,800p from 3,600p 
* BMPS BMPS.MI: Barclays cuts target price to EUR 10.10 from EUR 10.30 
* Bpost BPOST.BR: Barclays cuts target price to EUR 1.30 from EUR 1.80 
* Carl Zeiss Meditec AG AFXG.DE: Equita cuts to hold from buy 
* Chemring Group Plc CHG.L: RBC raises target price to 680p from 580p 
* Coca-Cola HBC AG CCH.L: BNP Paribas cuts to neutral from outperform 
* CTS Eventim EVDG.DE: Deutsche Bank raises target price to EUR 98 from EUR 96 
* Deutsche Telekom AG DTEGn.DE: Barclays cuts target price to EUR 35 from EUR 36 
* Diageo DGE.L: BofA Global Research raises price objective to 2080p from 1900p 
* Diageo DGE.L: Deutsche Bank raises target price to 1770p from 1700p 
* Diageo DGE.L: Jefferies raises target price to 2200p from 2000p 
* Diageo DGE.L: TD Cowen raises target price to 2040p from 1750p 
* Drax Group DRX.L: Barclays raises target price to 1120p from 1100p 
* DSM-Firmenich AG DSFIR.AS: Deutsche Bank raises target price to EUR 106 from EUR 98 
* Elisa ELISA.HE: BofA Global Research cuts PT to EUR 35.70 from EUR 43.70 
* Ferrari N.V. RACE.MI: Barclays raises target price to EUR 400 from EUR 360 
* Forterra Plc FORT.L: Jefferies raises target price to 181p from 160p 
* Fraport FRAG.DE: Jefferies cuts target price to EUR 85 from EUR 90 
* Fresenius SE FREG.DE: Morgan Stanley raises target price to EUR 52 from EUR 49 
* Glencore GLEN.L: Barclays raises target price to 650p from 635p 
* Hikma HIK.L: Deutsche Bank raises target price to 2050p from 1950p 
* Ibstock Plc IBST.L: Jefferies cuts target price to 90p from 115p 
* Ibstock Plc IBST.L: Jefferies cuts to hold from buy
* IP Group Plc IPO.L: Berenberg resumes coverage with buy rating; target price 119p 
* KBC Groep NV KBC.BR: RBC raises target price to EUR 134 from EUR 124 
* Kingspan Group Plc KSP.I: Goldman Sachs raises target price to EUR 96 from EUR 84 
* Kingspan Group Plc KSP.I: Jefferies raises target price to EUR 103.9 from EUR 84.7 
* Kingspan Group Plc KSP.I: JP Morgan raises target price to EUR 95 from EUR 80 
* Kingspan Group Plc KSP.I: RBC raises target price to EUR 122 from EUR 97 
* Legal & General Group Plc LGEN.L: Citigroup cuts target price to 245p from 251p 
* Legal & General Group Plc LGEN.L: Citigroup cuts to sell from neutral
* L'Oreal OREP.PA: Berenberg raises target price to EUR 442 from EUR 435 
* Lotus Bakeries NV LOTB.BR: BofA Global Research ups PT to EUR 13,300 from EUR 12,100 
* Lotus Bakeries NV LOTB.BR: Goldman Sachs raises PT to EUR 13900 from EUR 11500 
* Medicover AB MCOVb.ST: Jefferies raises target price to SEK 238 from SEK 220 
* Mediobanca MDBI.MI: Barclays raises target price to EUR 18.4 from EUR 17.6 
* Mondi MNDI.L: Citigroup raises target price to 1040p from 820p 
* Novo Nordisk NOVOb.CO: Bernstein raises target price to DKK 203 from DKK 200 
* Outokumpu Oyj OUT1V.HE: Morgan Stanley cuts target price to EUR 5.5 from EUR 5.6 
* Oxford Biomedica Plc OXB.L: RBC cuts target price to 900p from 1140p 
* Persimmon PSN.L: Deutsche Bank raises cuts target price to 1403p from 1419p 
* Persimmon PSN.L: Deutsche Bank raises to buy from hold
* Porsche SE PSHG_p.DE: Deutsche Bank cuts target price to EUR 43 from EUR 45 
* PZ Cussons PZC.L: Deutsche Bank raises target price to 130p from 120p 
* Qinetiq Group Plc QQ.L: RBC raises target price to 570p from 490p 
* Sandoz Group AG SDZ.S: JP Morgan raises target price to CHF 80 from CHF 75 
* Shaftesbury Capital Plc SHCS.L: Berenberg raises target price to 166p from 151p 
* Shaftesbury Capital Plc SHCS.L: Berenberg raises to buy from hold
* Soitec SA SOIT.PA: HSBC cuts target price to EUR 137 from EUR 173 
* St. James's Place SJP.L: BofA Global Research raises PT to 1750p from 1650p 
* Svenska Cellulosa SCA AB SCAb.ST: Barclays raises target price to SEK 100 from SEK 92 
* Swisscom AG SCMN.S: BofA Global Research raises PO to CHF 582 from CHF 463 
* Technip Energies NV TE.PA: Berenberg cuts target price to EUR 40 from EUR 45 
* Telenor TEL.OL: BofA Global Research cuts price objective to NOK 151 from NOK 161 
* WPP WPP.L: Citigroup raises target price to 430p from 285p 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))