Europe Research Roundup: Bachem Holding AG, Pernod Ricard, Rio Tinto

Munters AB

20/07/2023 08:38

July 20 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Bachem Holding AG, Pernod Ricard and Rio Tinto, on Thursday. 

    HIGHLIGHTS
                 * Bachem Holding AG  BANB.S : Morgan Stanley initiates coverage with underweight
 rating
 
                 * Pernod Ricard  PERP.PA : Morgan Stanley cuts to equal-weight from overweight
 
                 * Rio Tinto  RIO.L : JP Morgan raises target price to 5,390p from 5,350p 
 
 
Following is a summary of research actions on European companies reported by Reuters on Thursday. Stock
entries are in alphabetical order. 

                 * Aak  AAK.ST : Barclays raises target price to SEK 168 from SEK 163 
 
                 * Aak AB (Publ)  AAK.ST : Berenberg raises target price to SEK 218 from SEK 215 
 
                 * Alcon  ALCC.S : HSBC raises target price to CHF 90 from CHF 85 
 
                 * Ashmore  ASHM.L : Jefferies cuts target price to 230p from 270p 
 
                 * ASML Holding NV  ASML.AS : Barclays raises target price to EUR 640 from EUR 620 
 
                 * ASML Holding NV  ASML.AS : Berenberg raises target price to EUR 780 from EUR 700 
 
                 * Assa Abloy AB  ASSAb.ST : Barclays cuts target price to SEK 275 from SEK 280 
 
                 * Bachem Holding AG  BANB.S : Morgan Stanley initiates coverage with underweight rating
 
                 * Bachem Holding AG  BANB.S : Morgan Stanley initiates coverage with price target CHF 65 
 
                 * Bawag Group AG  BAWG.VI : JP Morgan cuts target price to EUR 74 from EUR 76 
 
                 * Carl Zeiss Meditec AG  AFXG.DE : Berenberg cuts target price to EUR 110 from EUR 138 
 
                 * Carl Zeiss Meditec AG  AFXG.DE : HSBC raises target price to EUR 130 from EUR 128 
 
                 * Conduit Holdings Ltd  CRE.L : Berenberg raises target price to 600p from 595p 
 
                 * Deutsche Boerse AG  DB1Gn.DE : JP Morgan cuts target price to EUR 198 from EUR 200 
 
                 * Euronext NV  ENX.PA : JP Morgan raises target price to EUR 102 from EUR 100 
 
                 * Grifols  GRLS.MC : Berenberg cuts target price to EUR 24.65 from EUR 24.9 
 
                 * Handelsbanken  SHBa.ST : Credit Suisse cuts target price to SEK 92 from SEK 94 
 
                 * Hemnet  HEM.ST : Barclays cuts target price to SEK 175 from SEK 180 
 
                 * Jet2 Plc  JET2.L : Barclays raises target price to 1750p from 1500p 
 
                 * Jupiter Fund Management  JUP.L : Jefferies cuts target price to 95p from 120p 
 
                 * Munters Group AB  MTRS.ST : Berenberg raises target price to SEK 145 from SEK 125 
 
                 * Ocado  OCDO.L : HSBC raises target price to 520p from 370p 
 
                 * Ocado  OCDO.L : Peel Hunt raises target price to 845p from 568p 
 
                 * Pernod Ricard  PERP.PA : Morgan Stanley cuts to equal-weight from overweight
 
                 * Pernod Ricard  PERP.PA : Morgan Stanley cuts target price to EUR 205 from EUR 230 
 
                 * PolyPeptide Group AG  PPGN.S : Credit Suisse cuts target price to CHF 16 from CHF 18 
 
                 * Redde Northgate  REDD.L : HSBC cuts target price to 365p from 380p 
 
                 * Rio Tinto  RIO.L : JP Morgan raises target price to 5,390p from 5,350p 
 
                 * Spie SA  SPIE.PA : Jefferies raises target price to EUR 28 from EUR 24 
 
                 * Swedbank  SWEDa.ST : Berenberg raises target price to SEK 250 from SEK 240 
 
                 * Synthomer Plc  SYNTS.L : HSBC cuts target price to 86p from 125p 
 
                 * Withsecure Oyj  WITH.HE : Berenberg cuts target price to EUR 1.2 from EUR 1.4 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))