Europe Research Roundup: Admiral, Erste Group Bank AG, Fevertree Drinks

Platform SE & Co KgaA

18/07/2022 08:17

July 18 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Admiral, Erste Group Bank AG and Fevertree Drinks, on Monday. 
    
    HIGHLIGHTS  
     * Admiral  ADML.L : Jefferies cuts to underperform from hold
     * Centrica  CNA.L : Bernstein raises to outperform from market perform
     * Erste Group Bank AG  ERST.VI : Morgan Stanley cuts to equal-weight from overweight
     * Fevertree Drinks Plc  FEVR.L : Deutsche Bank cuts to hold from buy
     * Rovio Entertainment Oyj  ROVIO.HE : Inderes raises to buy from accumulate
    
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 
    
     * Admiral  ADML.L : Jefferies cuts to underperform from hold
     * Admiral  ADML.L : Jefferies cuts target price to 1,525p from 2,300p
     * Airbus SE  AIR.PA : Jefferies raises target price to EUR 155 from EUR 145
     * Aktia Bank  ABP : Inderes cuts target price to EUR 9.5 from EUR 10.5; accumulate
     * Antofagasta  ANTO.L : Deutsche Bank cuts price target to 1,250p from 1,320p
     * Arkema SA  AKE.PA : Morgan Stanley cuts target price to EUR 91 from EUR 105
     * Ashmore  ASHM.L : Barclays cuts target price to 290p from 300p
     * Avanza Bank  AVANZ.ST : Barclays cuts target price to SEK 165 from SEK 195
     * BAE Systems  BAES.L : Jefferies raises target price to 945p from 890p
     * Barclays  BARC.L : Citigroup cuts price target to 250p from 260p
     * Bike24 Holding AG  BIKE.DE : Berenberg cuts target price to EUR 5.9 from EUR 15.1
     * Brenntag SE  BNRGn.DE : Deutsche Bank cuts price target to EUR 88 from EUR 99
     * Casino SA  CASP.PA : Barclays cuts target price to EUR 12.5 from EUR 15
     * Cd Projekt SA  CDR.WA : HSBC cuts target price to PLN 97 from PLN 120
     * Centrica  CNA.L : Bernstein raises to outperform from market perform
     * Centrica  CNA.L : Bernstein raises target price to 118p from 80p
     * Clariant AG  CLN.S : Morgan Stanley cuts target price to CHF 20 from CHF 21
     * Colonial  COL.MC : Citigroup cuts price target to EUR 4.9 from EUR 5.9
     * Commerzbank AG  CBKG.DE : RBC cuts target price to EUR 6 from EUR 8.50
     * Deutsche Beteiligungs AG  DBANn.DE : Jefferies cuts target price to EUR 36 from EUR 47
     * Direct Line Insurance  DLGD.L : Jefferies cuts to hold from buy; cuts PT to 215p from 330p
     * Drax Group Plc  DRX.L : Credit Suisse raises target price to 625p from 610p
     * Elkem ASA  ELK.OL : Morgan Stanley cuts target price to NOK 40 from NOK 43
     * Ericsson  ERICb.ST : Cowen and Company cuts target price to SEK 113 from SEK 143
     * Ericsson  ERICb.ST : Credit Suisse cuts target price to SEK 113 from SEK 120
     * Ericsson  ERICb.ST : Jefferies cuts target price to SEK 80 from SEK 90
     * Erste Group Bank AG  ERST.VI : Morgan Stanley cuts to equal-weight from overweight
     * Erste Group Bank AG  ERST.VI : Morgan Stanley cuts target price to EUR 34 from EUR 48
     * Esker SA  ALESK.PA : Berenberg cuts target price to EUR 200 from EUR 300
     * Evonik Industries AG  EVKn.DE : Morgan Stanley cuts target price to EUR 30 from EUR 33
     * Experian  EXPN.L : Barclays cuts target price to 3250p from 3300p
     * Experian  EXPN.L : RBC raises target price to 3000p from 2850p
     * Fashionette AG  FSNT.DE : Berenberg cuts target price to EUR 14.2 from EUR 23.2
     * Fevertree Drinks Plc  FEVR.L : Berenberg cuts target price to 1100p from 2000p
     * Fevertree Drinks Plc  FEVR.L : Deutsche Bank cuts price target to 900p from 3,060p
     * Fevertree Drinks Plc  FEVR.L : Deutsche Bank cuts to hold from buy
     * Fevertree Drinks Plc  FEVR.L : Jefferies cuts to hold from buy; cuts PT to 900p from 3100p
     * Handelsbanken  SHBa.ST : Barclays raises target price to SEK 101 from SEK 99
     * Handelsbanken  SHBa.ST : Credit Suisse cuts target price to SEK 86 from SEK 89
     * Handelsbanken  SHBa.ST : Deutsche Bank cuts price target to SEK 108 from SEK 110
     * Home24 SE  H24.DE : Berenberg cuts to hold from buy; cuts PT to EUR 3.1 from EUR 6.8
     * K+S  SDFGn.DE : Morgan Stanley cuts target price to EUR 24 from EUR 26.5
     * Lanxess AG  LXSG.DE : Morgan Stanley cuts target price to EUR 46 from EUR 55
     * Leifheit AG  LEIG.DE : Berenberg cuts target price to EUR 19.1 from EUR 26.2
     * MTU Aero Engines AG  MTXGn.DE : Jefferies raises target price to EUR 250 from EUR 240
     * Nel ASA  NEL.OL : Credit Suisse cuts target price to NOK 15 from NOK 19.29
     * Nexi SpA  NEXII.MI : Citigroup cuts price target to EUR 8.2 from EUR 8.6
     * Orion  OYJ : Inderes raises target price to EUR 52 from EUR 45; rating accumulate
     * Palfinger AG  PALF.VI : Deutsche Bank cuts price target to EUR 36 from EUR 38
     * Pekao  PEO.WA : HSBC cuts target price to PLN 117 from PLN 121
     * PKO BP  PKO.WA : HSBC cuts target price to PLN 45.5 from PLN 46.8
     * Poste Italiane  PST.MI : Barclays cuts target price to EUR 11 from EUR 14
     * Powercell Sweden AB (Publ)  PCELL.ST : Citigroup raises PT to SEK 156 from SEK 151
     * Rapala VMC  OYJ : Inderes cuts target price to EUR 6.5 from EUR 7.0; accumulate
     * Raute Oyj  RAUTE.HE : Evli Research cuts target price to EUR 11 from EUR 14
     * Rio Tinto  RIO.L : Berenberg cuts target price to 4,100p from 4,200p
     * Rio Tinto  RIO.L : JP Morgan cuts target price to 5300p from 5420p
     * Rovio Entertainment Oyj  ROVIO.HE : Inderes raises to buy from accumulate
     * Rovio Entertainment Oyj  ROVIO.HE : Inderes cuts target price to EUR 8.5 from EUR 9.5
     * Sabre Insurance Group Plc  SBRE.L : Jefferies cuts target price to 120p from 230p
     * Safran  SAF.PA : Jefferies raises target price to EUR 100 from EUR 95
     * Sandvik AB  SAND.ST : Citigroup cuts price target to SEK 202 from SEK 235
     * Schibsted ASA  SCHA.OL : Barclays cuts target price to NOK 320 from NOK 345
     * Schibsted ASA  SCHA.OL : Citigroup cuts price target to NOK 215 from NOK 237
     * Social Chain AG  PU11n.DE :Berenberg cuts to hold from buy; cuts PT to EUR 5.6 from EUR 32
     * Synthomer  SYNTS.L : Morgan Stanley cuts target price to 300p from 335p
     * Temenos AG  TEMN.S : Citigroup cuts price target to CHF 82 from CHF 85
     * Travis Perkins  TPK.L : Deutsche Bank cuts price target to 1,275p from 1,525p
     * Umg  UMG.AS : Jefferies cuts target price to EUR 24 from EUR 29
     * Umicore SA  UMI.BR : Morgan Stanley cuts target price to EUR 30 from EUR 36
     * Westwing Group SE  WEW.DE : Berenberg cuts target price to EUR 10.3 from EUR 20.9
     * Wood Plc  WG.L : Barclays cuts target price to 320p from 340p
    

 (Compiled by Bengaluru Newsroom)
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