Europe Research Roundup: Nexans, Rotork and Swisscom

Recticel SA

09/01/2024 07:23

Jan 9 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Portage Nexans, Rotork and Swisscom, on Tuesday. 
    
    HIGHLIGHTS  
                 * Nexans  NEXS.PA : JP Morgan raises target price to EUR 89 from EUR 87 
 
                 * Rotork  ROR.L : HSBC initiates coverage with hold rating and target price
 325p 
 
                 * Swisscom AG  SCMN.S : JP Morgan cuts target price to CHF 485 from CHF 508 
 
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
 
                 * Nexans  NEXS.PA : Berenberg starts with buy rating; target price EUR 98 
 
                 * Nexans  NEXS.PA : JP Morgan raises target price to EUR 89 from EUR 87 
 
                 * Recticel NV  RECT.BR : Berenberg raises target price to EUR 12.50 from EUR 12 
 
                 * Rotork  ROR.L : HSBC initiates coverage with hold rating and target price 325p 
 
                 * Solvay  SOLB.BR : Berenberg cuts to hold from buy; raises PT to EUR 28 from EUR 25 
 
                 * Swisscom AG  SCMN.S : JP Morgan cuts target price to CHF 485 from CHF 508 
 
                 * U Blox Holding AG  UBXN.S : Baader Helvea cuts target price to CHF 102 from CHF 118 
 
                 * U Blox Holding AG  UBXN.S : Baader Helvea cuts to add from buy 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))