Europe Research Roundup: Fidelity Emerging Markets, INFICON Holding, Novartis

Novartis AG

28/10/2026 07:27

Oct 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Fidelity Emerging Markets, INFICON Holding and Novartis, on Wednesday. 
     
HIGHLIGHTS
 
* Fidelity Emerging Markets Ltd FEML.L: Jefferies initiates coverage with buy rating
* INFICON Holding AG IFCN.S: Alphavalue raises to reduce from sell 
* Novartis AG NOVN.S: RBC raises target price to CHF 130 from CHF 120 
* SIG Group AG SIGNC.S: JP Morgan raises target price to CHF 15 from CHF 14.8 
* Wartsila WRT1V.HE: JP Morgan raises target price to EUR 32.6 from EUR 30.6 
        
 Following is a summary of research actions on European companies reported by Reuters on Wednesday. Stock entries are in alphabetical order

* Aalberts N.V. AALB.AS: Berenberg raises target price to EUR 52 from EUR 50 
* Adyen N.V. ADYEN.AS: Degroof Petercam cuts target price to EUR 1150 from EUR 1300 
* Arcadis NV ARDS.AS: Degroof Petercam raises target price to EUR 52 from EUR 50 
* Autoliv, Inc. ALIVsdb.ST: Jefferies cuts target price to SEK 1162 from SEK 1168 
* Azelis Group AZE.BR: UBS raises target price to EUR 12.5 from EUR 12 
* Bank of Ireland Group Plc BIRG.I: JP Morgan raises target price to EUR 23 from EUR 21.90 
* Beiersdorf BEIG.DE: UBS raises target price to EUR 82 from EUR 80 
* Brck Group Plc BRCK.L: Canaccord Genuity cuts target price to 77p from 93p 
* Bucher BUCN.S: UBS cuts target price to CHF 327 from CHF 329 
* Compagnie Des Alpes SA: Portzamparc  cuts target price to EUR 24 from EUR 25.5 
* Compagnie Des Alpes SA: Portzamparc raises to "Buy" from "accumulate"
* Danone DANO.PA: RBC cuts target price to EUR 76 from EUR 78 
* Elecnor ENOR.MC: Alphavalue cuts to reduce from add; cuts PT to EUR 28.1 from EUR 31. 7 
* Electrolux AB ELUXb.ST: UBS cuts target price to SEK 31 from SEK 33 
* EMS EMSN.S: UBS cuts to neutral from buy 
* EMS EMSN.S: UBS raises target price to CHF 870 from CHF 860 
* FDJ United FDJU.PA: JP Morgan cuts target price to EUR 18 from EUR 19 
* Ferrari RACE.MI: BofA Global Research cuts price objective to EUR 395 from EUR 400 
* Fidelity Emerging Markets Ltd FEML.L: Jefferies initiates coverage with buy rating
* Fidelity Emerging Markets Ltd FEML.L: Jefferies initiates coverage with PT 1322p 
* Galderma Group AG GALD.S: JP Morgan raises target price to CHF 220 from CHF 190 
* HSBC HSBA.L: RBC cuts target price to 1,325p from 1,375p 
* Hydro NHY.OL: JP Morgan cuts target price to NOK 78 from NOK 91 
* Ibstock Plc IBST.L: UBS cuts target price to 92p from 108p 
* INFICON Holding AG IFCN.S: Alphavalue raises to reduce from sell 
* Informa INF.L: JP Morgan cuts target price to 1225p from 1280p 
* Jenoptik AG JENGn.DE: Berenberg raises target price to EUR 50 from EUR 48 
* Johnson Matthey JMAT.L: Berenberg cuts to hold from buy
* Johnson Matthey JMAT.L: Berenberg raises target price to 2550p from 2300p 
* Jungfraubahn Holding AG JFN.S: Berenberg initiates coverage with buy rating
* Jungfraubahn Holding AG JFN.S: Berenberg initiates coverage with target price CHF 310 
* Munters Group AB MTRS.ST: UBS cuts target price to SEK 210 from SEK 245 
* Novartis NOVN.S: UBS raises target price to CHF 130 from CHF 116 
* Novartis AG NOVN.S: RBC raises target price to CHF 130 from CHF 120 
* Ontex Group NV ONTEX.BR: Degroof Petercam cuts target price to EUR 2.50 from EUR 4 
* Orange SA ORAN.PA: BofA Global Research raises price objective to EUR 19.4 from EUR 19.2 
* Pennon Group Plc PNN.L: Morgan Stanley resumes coverage with overweight rating
* Pennon Group Plc PNN.L: Morgan Stanley resumes coverage with target price 510p 
* Randstad N.V. RAND.AS: Morgan Stanley raises target price to EUR 37.5 from EUR 34.5 
* Reckitt RKT.L: BofA Global Research cuts price objective to 6000p from 6100p 
* Reckitt Benckiser RKT.L: HSBC cuts target price to 6300p from 6400p 
* Reckitt Benckiser RKT.L: UBS raises target price to 7660p from 7600p 
* Relx REL.L: Bernstein raises target price to 3,760.00p from 3,450.00p 
* Relx REL.L: Bernstein raises target price to 3760p from 3450p 
* S4 Capital Plc SFOR.L: Jefferies raises target price to 58p from 47p 
* SaintGobain SGOB.PA: Berenberg cuts target price to EUR 85 from EUR 95 
* SaintGobain SGOB.PA: JP Morgan cuts target price to EUR 93 from EUR 95 
* SaintGobain SGOB.PA: RBC raises target price to EUR 82 from EUR 80 
* SCA AB SCAb.ST: Citigroup raises target price to SEK 130 from SEK 125 
* Siegfried Holding AG SFZN.S: UBS cuts target price to CHF 76 from CHF 80 
* SIG Group AG SIGNC.S: JP Morgan raises target price to CHF 15 from CHF 14.8 
* Sodexo EXHO.PA: Berenberg raises target price to EUR 60 from EUR 50 
* Sodexo SA EXHO.PA: Barclays raises target price to EUR 60 from EUR 54 
* Sogefi SpA SGFI.MI: Equita raises target price to EUR 2.65 
* Suss Microtec SMHNn.DE: Deutsche Bank cuts target price to EUR 94 from EUR 100 
* Suss Microtec SE SMHNn.DE: Berenberg cuts target price to EUR 100 from EUR 125 
* Suss Microtec SE SMHNn.DE: Jefferies cuts target price to EUR 84 from EUR 109 
* Swedish Orphan Biovitrum SOBIV.ST: H.C. Wainwright raises target price to SEK 600 from SEK 575 
* Swiss Life Holding AG SLHN.S: Berenberg raises target price to CHF 1125 from CHF 1073 
* Temenos AG TEMN.S: Citigroup raises target price to CHF 88 from CHF 85 
* Temenos AG TEMN.S: Morgan Stanley raises target price to CHF 67 from CHF 59 
* Templeton Emerging Markets Investment Trust Plc TEM.L: Jefferies initiates coverage with buy rating
* Templeton Emerging Markets Investment Trust Plc TEM.L: Jefferies initiates coverage with target price 305p 
* Tieto TIETO.HE: Morgan Stanley raises target price to EUR 16.1 from EUR 15.8 
* Tullow Oil Plc TLW.L: Jefferies raises target price to 10p from 7p 
* Unilever ULVR.AS: Degroof Petercam raises target price to EUR 63 from EUR 60 
* Vaisala Oyj VAIAS.HE: Berenberg raises target price to EUR 63 from EUR 58 
* Vend Marketplaces ASA VEND.OL: JP Morgan cuts target price to NOK 213 from NOK 233 
* Vend Marketplaces ASA VEND.OL: Morgan Stanley raises target price to NOK 285 from NOK 275 
* Vinacapital Vietnam Opportunity Fund Ltd VOF.L: Jefferies initiates coverage with hold rating
* Vinacapital Vietnam Opportunity Fund Ltd VOF.L: Jefferies initiates coverage with target price 424.5p 
* Vinacapital Vietnam Opportunity Fund Ltd VOF.L: Jefferies initiates coverage with 
* Wartsila WRT1V.HE: Citigroup cuts target price to EUR 26 from EUR 28 
* Wartsila WRT1V.HE: JP Morgan raises target price to EUR 32.6 from EUR 30.6 
* Wolters Kluwer N.V. WLSNc.AS: Bernstein raises target price to EUR 116 from EUR 100 
* Worldline SA WLN.PA: JP Morgan cuts target price to EUR 13.1 from EUR 13.7 
* WPP WPP.L: Bernstein raises target price to 410p from 400p 
* Zehnder Group AG ZEHN.S: UBS cuts target price to CHF 87 from CHF 89 

 (Compiled by Bengaluru Newsroom)
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