Europe Research Roundup: Equinor, Flutter Entertainment, Ferguson

Peel Hunt

19/12/2023 06:57

Dec 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including
Equinor, Flutter Entertainment and Ferguson on Tuesday. 
    
    HIGHLIGHTS  
    
                 * Equinor ASA  EQNR.OL : RBC cuts to sector perform from outperform
 
                 * Flutter Entertainment Plc  FLTRF.L : Peel Hunt raises to buy from hold
 
                 * Ferguson  FERG.L : Citigroup assumes coverage with neutral rating; PT 15100p vs
 12300p
 
                 * Lanxess AG  LXSG.DE : Baader Helvea cuts to reduce from buy
 
                 * Wacker Chemie AG  WCHG.DE : Baader Helvea cuts to reduce from buy
 
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical
order.
    
                 * Bachem Holding AG  BANB.S : Citigroup cuts target price to CHF 56 from CHF 69
 
                 * Beiersdorf AG  BEIG.DE : Morgan Stanley raises target price to EUR 118 from EUR 115
 
                 * Buzzi SpA  BZU.MI : Morgan Stanley raises target price to EUR 29 from EUR 28.4
 
                 * Equinor ASA  EQNR.OL : RBC cuts to sector perform from outperform
 
                 * Equinor ASA  EQNR.OL : RBC cuts target price to NOK 350 from NOK 390
 
                 * Ferguson  FERG.L : Citigroup assumes coverage with neutral rating; PT 15100p vs 12300p
 
                 * Flutter Entertainment Plc  FLTRF.L : Peel Hunt raises to buy from hold
 
                 * Gjensidige Forsikring ASA  GJFG.OL : Jefferies raises PT to NOK 210 from NOK 205
 
                 * Hapag Lloyd AG  HLAG.DE : JP Morgan raises target price to EUR 64 from EUR 63
 
                 * Lanxess AG  LXSG.DE : Baader Helvea cuts target price to EUR 26 from EUR 40
 
                 * Lanxess AG  LXSG.DE : Baader Helvea cuts to reduce from buy
 
                 * Salvatore Ferragamo SpA  SFER.MI : Morgan Stanley cuts PT to EUR 10 from EUR 11.5
 
                 * Seadrill Ltd  SDRL.OL : Citigroup cuts target price to NOK 576 from NOK 635
 
                 * Wacker Chemie AG  WCHG.DE : Baader Helvea cuts to reduce from buy
 
                 * Wacker Chemie AG  WCHG.DE : Baader Helvea cuts target price to EUR 109 from EUR 170
 
                 * Wood Plc  WG.L : Berenberg cuts target price to 180p from 200p
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))