Europe Research Roundup: Faurecia, Pennon Group, Spectris

Orange Belgium NV

22/02/2022 07:08

Feb 22 (Reuters) - Securities analysts revised their ratings and price targets on several European
companies, including Faurecia, Pennon Group and Spectris on Tuesday. 
    
    HIGHLIGHTS    
     * Faurecia  EPED.PA : Jefferies reinstates coverage with hold rating; target price EUR 38
     * Pennon Group Plc  PNN.L : Jefferies cuts to underperform from hold
     * Spectris Plc  SXS.L : Peel Hunt raises to buy from add
     * Voestalpine AG  VOES.VI : Credit Suisse raises to outperform from neutral
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock
entries are in alphabetical order.     
     * 1&1 AG  1U1.DE : Jefferies cuts target price to EUR 23 from EUR 24.3
     * Allianz SE  ALVG.DE : HSBC raises target price to EUR 285 from EUR 281
     * Autostore Holdings Ltd  AUTO.OL : Jefferies cuts target price to NOK 45 from NOK 50
     * Beiersdorf AG  BEIG.DE : RBC cuts target price to EUR 81 from EUR 82
     * Cellnex Telecom SA  CLNX.MC : JP Morgan cuts target price to EUR 69 from EUR 76
     * Dechra Pharmaceuticals Plc  DPH.L : HSBC cuts target price to 5540p from 5880p
     * Faurecia  EPED.PA : Jefferies reinstates coverage with hold rating; target price EUR 38
     * Faurecia  EPED.PA : RBC raises target price to EUR 41 from EUR 39
     * Fevertree Drinks Plc  FEVR.L : Peel Hunt cuts target price to 2,150p from 2,400p
     * Glanbia Plc  GL9.I : Jefferies cuts target price to EUR 15.5 from EUR 16.4
     * Helium One Global Ltd  HE1H.L : Liberum initiates coverage with buy rating; PT 19p
     * Hellenic Telecommunications Organization SA  OTEr.AT : JP Morgan cuts PT to EUR 18.70 from EUR 19
     * Kingspan Group Plc  KSP.I : JP Morgan raises target price to EUR 102 from EUR 100
     * Kloeckner & Co SE  KCOGn.DE : Credit Suisse raises target price to EUR 9.4 from EUR 9.2
     * Nexans  NEXS.PA : JP Morgan cuts target price to EUR 80 from EUR 83
     * Orange Belgium SA  OBEL.BR : Credit Suisse raises target price to EUR 22 from EUR 20
     * Orsted A/S  ORSTED.CO : Barclays raises to overweight from underweight
     * Orsted A/S  ORSTED.CO : Barclays raises target price to DKK 900 from DKK 800
     * Oxford Nanopore Technologies Plc  ONT.L : RBC cuts target price to 700p from 750p
     * Pennon Group Plc  PNN.L : Jefferies cuts target price to 900p from 1190p
     * Pennon Group Plc  PNN.L : Jefferies cuts to underperform from hold
     * RWE AG  RWEG.DE : Barclays raises target price to EUR 52 from EUR 42
     * Salzgitter AG  SZGG.DE : Credit Suisse raises target price to EUR 33 from EUR 20
     * SDX Energy Plc  SDX.L : Peel Hunt cuts target price to 20p from 25p
     * Segro  SGRO.L : RBC raises target price to 1,325p from 1,225p
     * Severn Trent  SVT.L : Jefferies cuts target price to 2480p from 2810p
     * Severn Trent  SVT.L : Jefferies cuts to underperform from hold
     * Spectris Plc  SXS.L : Peel Hunt raises target price to 3,470p from 3,430p
     * Spectris Plc  SXS.L : Peel Hunt raises to buy from add
     * SSAB AB  SSABa.ST : Credit Suisse cuts to neutral from outperform
     * SSAB AB  SSABa.ST : Credit Suisse raises target price to SEK 57 from SEK 51
     * Telenet Group Holding NV  TNET.BR : Credit Suisse cuts PT to EUR 42.4 from EUR 52
     * Tharisa Plc  THST.L : Peel Hunt raises target price to 250p from 225p
     * ThyssenKrupp  TKAG.DE : Credit Suisse raises target price to EUR 17.7 from EUR 16.6
     * Tracsis Plc  TRCS.L : Liberum initiates coverage with buy rating; target price 1335p
     * United Internet AG  UTDI.DE : Jefferies cuts target price to EUR 35.2 from EUR 35.9
     * United Utilities  UU.L : Jefferies cuts target price to 1000p from 1170p
     * United Utilities  UU.L : Jefferies cuts to hold from buy
     * Voestalpine AG  VOES.VI : Credit Suisse raises target price to EUR 43 from EUR 36.7
     * Voestalpine AG  VOES.VI : Credit Suisse raises to outperform from neutral
 

 (Compiled by Bengaluru Newsroom)
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