Europe Research Roundup: Heidelberg Materials, IMCD, Serco Group

Nel ASA

11/11/2024 06:52

Nov 11 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Heidelberg Materials, IMCD and Serco Group, on Monday. 
    
    HIGHLIGHTS
                 * Ceres Power Holdings Plc  CWR.L : Jefferies raises to buy from hold
 
                 * Heidelberg Materials  HEIG.DE : JP Morgan raises target price to EUR 149 from
 EUR 108    
 
                 * IMCD NV  IMCD.AS : Jefferies raises target price to EUR 176 from EUR 170
 
                 * Serco Group Plc  SRP.L : Peel Hunt cuts target price to 185p from 217p        
 
                 * Vistry Group Plc  VTYV.L : Berenberg cuts target price to 750p from 1000p    
 
      
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 
    
                 * Ams Osram AG  AMS.S : Jefferies cuts target price to CHF 16 from CHF 20
 
                 * Aperam SA  APAM.AS : JP Morgan raises target price to EUR 22.50 from EUR 21.40
 
                 * Banco Bpm  BAMI.MI : JP Morgan raises target price to EUR 7.5 from EUR 6.4
 
                 * Ceres Power Holdings Plc  CWR.L : Jefferies raises to buy from hold
 
                 * Ceres Power Holdings Plc  CWR.L : Jefferies raises target price to 265p from 190p
 
                 * Compagnie Financiere Richemont SA  CFR.S : JP Morgan cuts target to CHF 150 from CHF 155
 
                 * Compagnie Financiere Richemont SA  CFR.S : TD Cowen cuts target to CHF 130 from CHF 155
 
                 * Heidelberg Materials  HEIG.DE : JP Morgan raises target price to EUR 149 from EUR 108
 
                 * Howden Joinery  HWDN.L : Jefferies cuts target price to 1,020p from 1,090p
 
                 * IMCD NV  IMCD.AS : Jefferies raises target price to EUR 176 from EUR 170
 
                 * Inpost SA  INPST.AS : Jefferies raises target price to EUR 22 from EUR 21
 
                 * Intrum AB  INTRUM.ST : JP Morgan cuts target price to SEK 27 from SEK 33
 
                 * ITM Power Plc  ITM.L : Jefferies cuts target price to 60p from 80p
 
                 * Knaus Tabbert AG  KTAG.DE : Jefferies cuts target price to EUR 20 from EUR 26
 
                 * Landis+Gyr Group AG  LANDI.S : JP Morgan raises target price to CHF 78.5 from CHF 76
 
                 * Nel ASA  NEL.OL : Jefferies cuts to underperform from hold; cuts PT to NOK 3 from NOK 5.50
 
                 * Powercell Sweden AB (Publ)  PCELL.ST : Jefferies cuts target price to SEK 35 from SEK 36
 
                 * Renault  RENA.PA : Jefferies cuts target price to EUR 55 from EUR 58
 
                 * Serco Group Plc  SRP.L : Peel Hunt cuts target price to 185p from 217p
 
                 * Springer Nature AG & Co KGaA  SPGG.DE : JP Morgan initiates coverage with overweight rating
 
                 * Springer Nature AG & Co KGaA  SPGG.DE : JP Morgan initiates coverage with PT EUR 29
 
                 * Suss Microtec SE  SMHNn.DE : Berenberg cuts target price to EUR 75 from EUR 80
 
                 * Vistry Group Plc  VTYV.L : Berenberg cuts target price to 750p from 1000p
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))