Europe Research Roundup: B&M, Puma, Wartsila

Porsche Automobil Holding SE

04/06/2026 08:05

June 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including B&M, Puma and Wartsila on Thursday. 

HIGHLIGHTS
    
* B&M BMEB.L: JP Morgan raises target price to 190p from 170p 
* Glencore GLEN.L: Citigroup raises target price to 770p from 670p
* Puma SE PUMG.DE: Citigroup raises to buy from neutral 
* Serica Energy Plc SQZ.L: Berenberg raises target price to 365p from 350p 
* Wartsila WRT1V.HE: Goldman Sachs raises to neutral from sell  

Following is a summary of research actions on European companies reported by Reuters on Thursday Stock entries are in alphabetical order. 
   

* Abivax ABVX.PA: Portzamparc raises PT to EUR 70 from EUR 63; rating 'hold' 
* Abivax ABVX.PA: Stifel cuts target price to EUR 115 from EUR 142 
* ArcelorMittal MT.AS: Kepler Cheuvreux raises target price to EUR 73 from EUR 60
* ASML Holding N.V. ASML.AS: BofA Global Research raises price objective to EUR 1,921.00 from EUR 1,710.00 
* ASML Holding NV ASML.AS: Barclays raises target price to EUR 1900 from EUR 1575 
* ASML Holding NV ASML.AS: BofA Global Research raises PT to EUR 1921 from EUR 1710 
* Auto Trader AUTOA.L: Goldman Sachs initiates coverage with buy rating
* Auto Trader AUTOA.L: Goldman Sachs initiates coverage with price target 557p 
* B&M BMEB.L: Goldman Sachs raises target price to 220p from 200p 
* B&M BMEB.L: JP Morgan raises target price to 190p from 170p 
* Barry Callebaut AG BARN.S: Goldman Sachs cuts to neutral from buy 
* Bilfinger SE GBFG.DE: Alphavalue cuts target price to EUR 127 from EUR 151 
* Ceres Power Holdings Plc CWR.L: Panmure Liberum raises target price to 590p from 475p 
* Ceres Power Holdings Plc CWR.L: Panmure Liberum cuts to sell from buy
* CMC Markets Plc CMCX.L: Panmure Liberum raises target price to 380p from 260p 
* CMC Markets Plc CMCX.L: RBC raises target price to 460p from 400p 
* Discoverie Group Plc DSCV.L: Deutsche Bank raises target price to 910p from 870p 
* Endeavour Mining Plc EDV.L: RBC cuts target price to 5,100p from 6,000p 
* Epiroc EPIRa.ST: BofA Global Research  raises price objective to SEK 330 from SEK 225 
* Epiroc EPIRa.ST: BofA Global Research raises to buy from underperform
* Flsmidth FLS.CO: BofA Global Research raises price objective to DKK 600 from DKK 590 
* Flsmidth FLS.CO: BofA Global Research raises to buy from neutral
* Glencore GLEN.L: Citigroup raises target price to 770p from 670p
* GTT GTT.PA: BofA Global Research raises price objective to EUR 230 from EUR 215 
* Howden Joinery HWDN.L: BofA Global Research raises price objective to 1000p from 970p 
* Howden Joinery HWDN.L: Stifel cuts target price to 962p from 1090p 
* Inditex ITX.MC: Kepler Cheuvreux raises target price to EUR 62.25 from EUR 59.35 
* Infineon Technologies AG IFXGn.DE: BofA Global Research raises PT to EUR 108 from EUR 95 
* Mitie Group Plc MTO.L: Stifel raises target price to 220p from 210p 
* Porsche AG PSHG_p.DE: Morgan Stanley raises target price to EUR 42 from EUR 37 
* Prosus NV PRX.AS: Goldman Sachs initiates coverage with neutral rating 
* Prosus NV PRX.AS: Goldman Sachs initiates coverage with price target EUR 41 
* Puma SE PUMG.DE: Citigroup raises target price to EUR 35 from EUR 27.5 
* Puma SE PUMG.DE: Citigroup raises to buy from neutral 
* Rightmove RMV.L: Goldman Sachs initiates coverage with neutral rating
* Rightmove RMV.L: Goldman Sachs initiates coverage with price target 516p 
* Rosebank Industries Plc ROSE.L: Barclays reinstates coverage with overweight rating
* Rosebank Industries Plc ROSE.L: Barclays reinstates coverage with target price 475p 
* Santhera Pharmaceuticals Holding AG SANN.S: Stifel initiates coverage with buy price target CHF 25 
* Santhera Pharmaceuticals Holding AG SANN.S: Stifel initiates coverage with buy rating
* Scout24 SE G24n.DE: Goldman Sachs initiates coverage with buy rating
* Scout24 SE G24n.DE: Goldman Sachs initiates coverage with price target EUR 105 
* Serica Energy Plc SQZ.L: Berenberg raises target price to 365p from 350p 
* Smith & Nephew SN.L: Kepler Cheuvreux cuts target price to 1230p from 1462p 
* Smith & Nephew SN.L: Kepler Cheuvreux cuts to hold from buy 
* Smith+Nephew Plc SN.L: Kepler Cheuvreux cuts target price to 1230p from 1462p 
* Smith+Nephew Plc SN.L: Kepler Cheuvreux cuts to hold from buy 
* SSE SSE.L: BofA Global Research raises price objective to 2660p from 2420p 
* Stellantis STLAM.MI: Morgan Stanley raises target price to EUR 7.1 from EUR 6.5 
* STMicroelectronics STMPA.PA: UBS raises target price to EUR 80 from EUR 49 
* STMicroelectronics NV STMPA.PA: Alphavalue raises target price to EUR 56 from EUR 45.8 
* Voestalpine VOES.VI: Deutsche Bank raises target price to EUR 60 from EUR 57 
* Voestalpine AG VOES.VI: Jefferies raises target price to EUR 50 from EUR 48 
* Wartsila WRT1V.HE: Goldman Sachs raises raises target price to EUR 34 from EUR 26.3 
* Wartsila WRT1V.HE: Goldman Sachs raises to neutral from sell
* Wavestone WAVE.PA: Portzamparc raises target price to EUR 65.9 from EUR 62.4; rating 'buy' 
* Zealand pharma ZELA.CO: Deutsche Bank raises target price to DKK 300 from DKK 275 
* Zegona Communications Plc ZEG.L: Barclays raises target price to 2500p from 2240p 

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