Europe Research Roundup: Acerinox, BAE Systems, Thales

Outokumpu Oyj

11/08/2026 08:51

Aug 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies on Tuesday, including Acerinox, BAE Systems and Thales. 
     
HIGHLIGHTS
* Acerinox ACX.MC: JP Morgan raises to neutral from underweight
* BAE Systems BAES.L: RBC initiates coverage with sector perform rating
* Genuit Group Plc GENG.L: JP Morgan raises target price to 450p from 440p 
* Outokumpu OUT1V.HE: JP Morgan raises target price to EUR 6.5 from EUR 5.1 
* Thales TCFP.PA: RBC initiates coverage with target price EUR 330 
 
     
The following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. 
* Acerinox ACX.MC: JP Morgan raises target price to EUR 16.1 from EUR 14.4 
* Acerinox ACX.MC: JP Morgan raises to neutral from underweight
* Admiral ADML.L: Jefferies raises target price to 4400p from 3770p 
 * Adyen N.V. ADYEN.AS: BMO cuts target price to EUR 1100 from EUR 1200 
* Amadeus AMA.MC: JP Morgan raises target price to EUR 70 from EUR 61 
* Aperam SA APAM.AS: JP Morgan raises target price to EUR 57 from EUR 46.1 
* Aperam SA APAM.AS: JP Morgan raises to overweight from neutral
 * ArcelorMittal SA MT.AS: BofA Global Research raises PT to EUR 81 from EUR 69 
* BAE Systems BAES.L: RBC initiates coverage with sector perform rating
* BAE Systems BAES.L: RBC initiates coverage with target price 2,200p 
* CSG NV CSG.AS: Berenberg cuts target price to EUR 25 from EUR 30 
* CSG NV CSG.AS: JP Morgan cuts target price to EUR 27.5 from EUR 34 
* CSG NV CSG.AS: RBC initiates coverage with sector perform rating
* CSG NV CSG.AS: RBC initiates coverage with target price EUR 18 
* Drax Group Plc DRX.L: HSBC cuts target price to 830p from 880p 
* GEA Group G1AG.DE: Barclays raises target price to EUR 70 from EUR 69 
* Genuit Group Plc GENG.L: JP Morgan raises target price to 450p from 440p 
* Glanbia Plc GL9.I: Morgan Stanley raises target price to EUR 21.8 from EUR 19 
* Hammerson HMSO.L: Peel Hunt raises target price to 445p from 400p 
* Heineken NV HEIN.AS: RBC raises target price to EUR 84 from EUR 81 
* Hikma HIK.L: Berenberg raises target price to 2,100p from 1,800p 
* Holmen HOLMb.ST: JP Morgan raises target price to SEK 303 from SEK 286 
* Hugo Boss AG BOSSn.DE: Berenberg initiates coverage with buy rating
* Hugo Boss AG BOSSn.DE: Berenberg initiates coverage with target price EUR 50 
* ICoP SpA Sb ICOP.MI: Equita raises to buy rating 
* Imperial Brands Plc IMB.L: Barclays cuts target price to 3400p from 3650p 
* Integrafin IHPI.L: Deutsche Bank raises target price to 490p from 475p 
* Kingspan Group Plc KSP.I: Citigroup raises target price to EUR 133.5 from EUR 103 
* Kongsberg Gruppen KOG.OL: Barclays initiates coverage with overweight rating 
* Kongsberg Gruppen KOG.OL: Barclays initiates coverage with target price NOK 440 
* Legal & General Group Plc LGEN.L: Goldman Sachs cuts to sell from neutral 
* Legal & General Group Plc LGEN.L: RBC raises target price to 270p from 255p 
* Legal & General Group Plc LGEN.L: UBS cuts to sell from neutral 
* Legal & General Group Plc LGEN.L: UBS raises target price to 280p from 260p 
* Leonardo LDOF.MI: Barclays raises target price to EUR 73 from EUR 69 
* Leonardo S.P.A. LDOF.MI: RBC initiates coverage with outperform rating
* Leonardo S.P.A. LDOF.MI: RBC initiates coverage with target price EUR 70 
* M&G Plc MNG.L: UBS cuts to sell from neutral 
* M&G Plc MNG.L: UBS raises target price to 330p from 300p 
* Marshalls MSLH.L: RBC cuts target price to 165p from 170p 
* Merck KGaA MRCG.DE: Deutsche Bank raises target price to EUR 141 from EUR 125 
* Outokumpu OUT1V.HE: JP Morgan raises target price to EUR 6.5 from EUR 5.1 
* Outokumpu OUT1V.HE: JP Morgan raises to overweight from neutral
* Partners Group PGHN.S: Deutsche Bank cuts target price to CHF 785 from CHF 840 
* Partners Group PGHN.S: Deutsche Bank cuts to hold from buy 
* Qinetiq Group Plc QQ.L: Barclays raises target price to 620p from 540p 
* Renk Group R3NK.DE: Barclays initiates coverage with overweight rating and PT EUR 60 
* Rheinmetall AG RHMG.DE: RBC initiates coverage with outperform rating
* Rheinmetall AG RHMG.DE: RBC initiates coverage with target price EUR 1600 
* Saab SAABb.ST: RBC initiates coverage with sector perform rating
* Saab SAABb.ST: RBC initiates coverage with target price SEK 600 
* Saab AB SAABb.ST: Barclays raises target price to SEK 740 from SEK 545 
* Saab AB SAABB.ST: Barclays raises to overweight from underweight 
* Sanofi SA SASY.PA: Morgan Stanley cuts target price to EUR 82 from EUR 86 
* Shawbrook SHAW.L: Deutsche Bank cuts target price to 600p from 610p 
* Shurgard Self Storage Ltd SHUR.BR: Degroof Petercam cuts PT to EUR 33 from EUR 37 
* Shurgard Self Storage Ltd SHUR.BR: Degroof Petercam cuts to hold from buy 
* Spirax Group SPX.L: JP Morgan raises target price to 8600p from 7800p 
 * SSAB SSABa.ST: BofA Global Research raises price objective to SEK 120 from SEK 107 
* Syensqo SYENS.BR: Deutsche Bank raises target price to EUR 93 from EUR 74 
* Thales TCFP.PA: RBC initiates coverage with outperform rating
* Thales TCFP.PA: RBC initiates coverage with target price EUR 330 
* Unilever ULVR.L: Jefferies raises target price to 3900p from 3800p 
* Valeo VLOF.PA: Citigroup raises target price to EUR 14.6 from EUR 10.6 
 * Voestalpine AG VOES.VI: BofA Global Research raises price objective to EUR 63 from EUR 58 
* W.A.G. Payment Solutions Plc EWGW.L: UBS cuts target price to 125p from 142p 
     

(Compiled by Bengaluru Newsroom)
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