Europe Research Roundup: Adidas, Ferrari, Nexans

Rational AG

08/05/2023 07:58

May 8 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Adidas, Ferrari and Nexans, on Monday. 
    
    HIGHLIGHTS  
     * Adidas AG  ADSGn.DE : Jefferies raises target price to EUR 175 from EUR 150
     * Ferrari  RACE.MI : Jefferies raises target price to EUR 250 from EUR 235
     * Nexans  NEXS.PA : Credit Suisse assumes coverage with neutral rating; PT EUR 100
      
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
    
     * Adidas AG  ADSGn.DE : Jefferies raises target price to EUR 175 from EUR 150
     * Adidas AG  ADSGn.DE : TD Cowen raises target price to EUR 176 from EUR 166
     * Adidas AG  ADSGn.DE : Wedbush raises target price to EUR 176 from EUR 147
     * Bouygues  BOUY.PA : Goldman Sachs raises target price to EUR 38 from EUR 35
     * Caixabank  CABK.MC : HSBC cuts target price to EUR 3.8 from EUR 4.4
     * Ferrari  RACE.MI : Jefferies raises target price to EUR 250 from EUR 235
     * Freenet  FNTGN.DE : HSBC raises target price to EUR 31 from EUR 27.5
     * Galapagos NV  GLPG.AS : Jefferies cuts target price to EUR 37.50 from EUR 37.70
     * IHG  IHG.L : JP Morgan raises target price to 6,200p from 6,000p
     * Italy's Prysmian  PRY.MI : Credit Suisse assumes with outperform rating; PT EUR 44
     * Landis+Gyr Group AG  LANDI.S : Credit Suisse raises target price to CHF 68 from CHF 62
     * Nexans  NEXS.PA : Credit Suisse assumes coverage with neutral rating; PT EUR 100
     * NKT A/S  NKT.CO : Credit Suisse assumes coverage with neutral rating; PT DKK 370
     * Ocado  OCDO.L : Jefferies raises target price to 550p from 485p
     * OCI NV  OCI.AS : Jefferies cuts target price to EUR 26 from EUR 30
     * Rational AG  RAAG.DE : Baader Helvea cuts to reduce from add
     * Rational AG  RAAG.DE : Baader Helvea raises target price to EUR 635 from EUR 590
     * Sabadell  SABE.MC : HSBC cuts target price to EUR 1.3 from EUR 1.44
     * Schibsted ASA  SCHA.OL : Jefferies raises target price to NOK 280 from NOK 272
     * Virgin Money UK Plc  VMUK.L : RBC raises target price to 220p from 205p
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))