Europe Research Roundup: Adidas, Onthemarket, Softcat

Morphosys AG

10/08/2022 08:00

Aug 10 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Adidas, Onthemarket and Softcat, on Wednesday. 
    
    HIGHLIGHTS  
     * Adidas AG  ADSGn.DE : Citigroup cuts price target to EUR 212 from EUR 235
     * Bytes Technology Group Plc  BYIT.L : Liberum initiates with buy rating and 550p PT
     * Onthemarket Plc  OTMPO.L : Davy Research initiates coverage with neutral rating; PT 100p
     * Softcat Plc  SCTS.L : Liberum initiates with hold rating and 1550p target price
      
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
 
     * Abrdn Plc  ABDN.L : Credit Suisse cuts target price to 150p from 180p
     * Adidas AG  ADSGn.DE : Citigroup cuts price target to EUR 212 from EUR 235
     * Ams Osram AG  AMS.S : Credit Suisse raises target price to CHF 9.5 from CHF 8
     * Arkema SA  AKE.PA : HSBC cuts target price to EUR 123 from EUR 164
     * Baltic Classifieds Group Plc  BCG.L : Davy Research initiates with neutral rating; 100p PT
     * Bytes Technology Group Plc  BYIT.L : Liberum initiates with buy rating and 550p PT
     * Capita Plc  CPI.L : Citigroup cuts price target to 28p from 29p
     * Credit Agricole  CAGR.PA : Citigroup cuts price target to EUR 13.8 from EUR 14.2
     * Danske Bank  DANSKE.CO : HSBC cuts target price to DKK 137 from DKK 161
     * Ferrexpo  FXPO.L : Peel Hunt raises target price to 155p from 135p
     * Hugo Boss AG  BOSSn.DE : Jefferies raises target price to EUR 66 from EUR 64
     * IWG  IWG.L : Peel Hunt cuts to add from buy; cuts target price to 240p from 353p
     * Legal & General Group Plc  LGEN.L : Credit Suisse raises target price to 315p from 300p
     * Legal & General Group Plc  LGEN.L : JP Morgan raises target price to 375p from 365p
     * Morphosys AG  MORG.DE : JP Morgan cuts target price to EUR 32.5 from EUR 34
     * Munich Re  MUVGn.DE : Credit Suisse raises target price to EUR 242 from EUR 240
     * Munich Re  MUVGn.DE : JP Morgan cuts target price to EUR 325 from EUR 335
     * Nordex SE  NDXG.DE : Jefferies cuts target price to EUR 13 from EUR 16
     * NSI NV  NSTEc.AS : Berenberg initiates with buy rating and EUR 40 target price
     * Onthemarket Plc  OTMPO.L : Davy Research initiates coverage with neutral rating; PT 100p
     * Softcat Plc  SCTS.L : Liberum initiates with hold rating and 1550p target price
     * Tenaris  TENR.MI : Credit Suisse raises target price to EUR 10.8 from EUR 8.9
   

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