Europe Research Roundup: BASF, Cadeler, Edenred

NTG Nordic Transport AS

10/04/2024 08:11

April 10 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including BASF, Cadeler and Edenred, on Wednesday. 
    
        HIGHLIGHTS
  
        
  
                 * BASF  BASFn.DE : Deutsche Bank cuts to hold from buy
 
                 * Cadeler A/S  CADLR.OL : Jefferies raises target price to NOK 70 from NOK 65
 
                 * Edenred  EDEN.PA : Jefferies initiates coverage with underperform rating;
 PT EUR 40
 
                 * Troax Group AB (Publ)  TROAX.ST : Berenberg initiates coverage with buy
 rating
 
                 * Wacker Chemie  WCHG.DE : HSBC raises target price to EUR 115 from EUR 105
 
  
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
    
                 * BASF  BASFn.DE : Deutsche Bank cuts to hold from buy
 
                 * Cadeler A/S  CADLR.OL : Jefferies raises target price to NOK 70 from NOK 65
 
                 * DSM-Firmenich AG  DSFIR.AS : JP Morgan raises target price to EUR 75 from EUR 70
 
                 * Edenred  EDEN.PA : Jefferies initiates coverage with underperform rating; PT EUR 40
 
                 * Embracer  EMBRACb.ST : JP Morgan raises target price to SEK 18 from SEK 16
 
                 * Equinor ASA  EQNR.OL : TD Cowen raises target price to NOK 300 from NOK 275
 
                 * Frontier Developments Plc  FDEV.L : Liberum raises target price to 190p from 140p
 
                 * Greggs  GRG.L : HSBC raises target price to 3350p from 3300p
 
                 * Haleon  HLN.L : Deutsche Bank cuts target price to 345p from 350p
 
                 * Huhtamaki Oyj  HUH1V.HE : Berenberg cuts to hold from buy
 
                 * Iberdrola  IBE.MC : JP Morgan raises target price to EUR 12.60 from EUR 12.50
 
                 * ING Groep NV  INGA.AS : RBC raises target price to EUR 16.5 from EUR 15.5
 
                 * Ipsen SA  IPN.PA : Jefferies cuts target price to EUR 110 from EUR 116
 
                 * M&G  MNG.L : JP Morgan cuts target price to 225p from 235p
 
                 * Merlin Properties  MRL.MC : JP Morgan raises target price to EUR 12 from EUR 10.25
 
                 * Merlin Properties  MRL.MC : JP Morgan raises to overweight from neutral
 
                 * MTU Aero Engines  MTXGn.DE : Deutsche Bank raises target price to EUR 219 from EUR 216
 
                 * Nemetschek SE  NEKG.DE : Baader Helvea cuts target price to EUR 88 from EUR 92
 
                 * NTG Nordic Transport Group As  NTGNT.CO : Berenberg cuts PT to DKK 380 from DKK 400
 
                 * Phoenix  PHNX.L : JP Morgan raises target price to 525p from 445p
 
                 * Rheinmetall  RHMG.DE : HSBC raises target price to EUR 660 from EUR 425
 
                 * Roche Holding AG  ROG.S : Jefferies cuts target price to CHF 240 from CHF 250
 
                 * Sabadell  SABE.MC : Citigroup raises target price to EUR 1.58 from EUR 1.27
 
                 * Salvatore Ferragamo SpA  SFER.MI : JP Morgan cuts PT to EUR 9.50 from EUR 10.50
 
                 * Schoeller-Bleckmann Oilfield Equipment AG  SBOE.VI : Berenberg ups PT to EUR 70 from EUR 67
 
                 * SIG Group AG  SIGNC.S : Citigroup raises target price to CHF 25 from CHF 24
 
                 * Technoprobe SpA  TPRO.MI : Berenberg raises target price to EUR 7.1 from EUR 6.5
 
                 * Troax Group AB (Publ)  TROAX.ST : Berenberg initiates coverage with buy rating
 
                 * Troax Group AB (Publ)  TROAX.ST : Berenberg initiates coverage with target price SEK 300
 
                 * Unicaja Banco SA  UNI.MC : Citigroup raises target price to EUR 1.25 from EUR 1
 
                 * Valeo  VLOF.PA : Citigroup raises target price to EUR 12.8 from EUR 12.5
 
                 * Wacker Chemie  WCHG.DE : HSBC raises target price to EUR 115 from EUR 105
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))