Europe Research Roundup: ASM International, Michelin, Nokian Renkaat

Pandora A/S

20/08/2026 08:57

Aug 20 - Securities analysts revised their ratings and price targets on several European companies, including ASM International, Michelin and Nokian Renkaat, on Thursday. 

HIGHLIGHTS    
* A.P. Moller-Maersk MAERSKb.CO: Deutsche Bank raises target to DKK 17123 from DKK 14030
* ASM International ASMI.AS: KBC Securities ups PT to EUR 915 from EUR 770; rating 'hold'
* IMI Plc IMI.L: Peel Hunt raises target price to 4,000p from 3,350p
* Michelin MICP.PA: JP Morgan raises to overweight from neutral
* Nokian Renkaat Oyj TYRES.HE: JP Morgan raises to neutral from underweight

      
Following is a summary of research actions on European companies reported by Reuters on Thursday. Stock entries are in alphabetical order. 
    
* A.P. Moller-Maersk MAERSKb.CO: Deutsche Bank raises target price to DKK 17123 from DKK 14030
* Aalberts N.V. AALB.AS: Bernstein raises target price to EUR 48 from EUR 40
* Aryzta AG ARYN.S: UBS cuts target price to CHF 40 from CHF 70
* Aryzta AG ARYN.S: UBS cuts to sell from buy
* ASM International ASMI.AS: KBC Securities ups PT to EUR 915 from EUR 770; rating 'hold'
* ASR Nederland N.V. ASRNL.AS: Berenberg raises target price to EUR 85 from EUR 81
* Carlsberg CARLb.CO: Bernstein cuts target price to dkk1520 from DKK 1560
* Carlsberg CARLb.CO: BofA Global Research cuts price objective to DKK 1,090 from DKK 1,140
* Demant A/S DEMANT.CO: UBS raises target price to DKK 300 from DKK 284
* Docmorris DOCM.S: UBS raises target price to CHF 11 from CHF 10.7
* Docmorris AG DOCM.S: Berenberg raises target price to CHF 10.15 from CHF 4.45
* ENI ENI.MI: Berenberg raises target price to EUR 25.5 from EUR 22
* Gens Aurea SpA OROX.MI: Jefferies initiates coverage with buy rating; PT EUR 15
* Getlink GETP.PA: UBS raises target price to EUR 19.8 from EUR 19
* H Lundbeck A/S HLUNb.CO: UBS raises target price to DKK 45 from DKK 44
* Hapag-Lloyd HLAG.DE: Deutsche Bank raises target price to EUR 117 from EUR 114
* Huber+Suhner AG HUBN.S: Berenberg cuts target price to CHF 200 from CHF 250
* IMI Plc IMI.L: Peel Hunt raises target price to 4,000p from 3,350p
* Ithaca Energy Plc ITH.L: BofA Global Research ups price objective to 285p from 275p
* Jyske Bank JYSK.CO: UBS raises target price to DKK 1043 from DKK 980
* Kenmare Resources Plc KMR.L: Berenberg cuts target price to 210p from 220p
* Kinepolis Group NV KIPO.BR: Degroof Petercam ups target price to EUR 60 from EUR 51
* Kinepolis Group NV KIPO.BR: KBC Securities raises PT to EUR 48 from EUR 42; rating 'buy'
* MBB SE MBBG.DE: Berenberg cuts target price to EUR 211 from EUR 226
* Melrose Industries Plc MRON.L: Deutsche Bank raises target price to 575p from 570p
* Merck KGaA MRCG.DE: UBS cuts to neutral from buy
* Michelin MICP.PA: JP Morgan raises target price to EUR 42 from EUR 35
* Michelin MICP.PA: JP Morgan raises to overweight from neutral
* Morgan Advanced Materials MGAMM.L: Deutsche Bank ups target price to 235p from 210p
* Morgan Advanced Materials MGAMM.L: Peel Hunt raises target price to 300p from 275p
* Nokian Renkaat Oyj TYRES.HE: JP Morgan raises target price to EUR 15 from EUR 7.7
* Nokian Renkaat Oyj TYRES.HE: JP Morgan raises to neutral from underweight
* Pandora PNDORA.CO: Citigroup raises target price to DKK 860 from DKK 570
* Sartorius AG SATG_p.DE: UBS raises target price to EUR 300 from EUR 240
* Sartorius AG SATG_p.DE: UBS raises to buy from neutral
* Sartorius Stedim Biotech STDM.PA: UBS raises target price to EUR 260 from EUR 220
* Sartorius Stedim Biotech STDM.PA: UBS raises to buy from neutral
* Sensirion Holding AG SENSI.S: Berenberg raises target price to CHF 79 from CHF 70
* Shurgard Self Storage Ltd SHUR.BR: Jefferies cuts target price to EUR 28 from EUR 36
* SKAN Group AG SKAN.S: Berenberg raises target price to CHF 67 from CHF 60
* Sonova SOON.S: UBS raises target price to CHF 273 from CHF 242
* Straumann Holding AG STMN.S: BMO cuts target price to CHF 114 from CHF 121
* Surgical Science Sweden AB SUSW.ST: Berenberg ups target price to SEK 60 from SEK 45
* ThyssenKrupp TKAG.DE: BofA Global Research raises price objective to EUR 22 from EUR 19
* Trainline TRNT.L: JP Morgan cuts target price to 185p from 220p
* VGP NV VGP1.BR: Degroof Petercam cuts target price to EUR 88 from EUR 100

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))