Europe Research Roundup: Acerinox, FirstGroup, Hochtief

Richter Gedeon Vegyeszeti Gyar Nyrt

14/05/2019 08:54

May 14 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Acerinox SA,  FirstGroup and Hochtief AG, on Tuesday. 
    
    HIGHLIGHTS  
     * Acerinox SA  ACX.MC : JP Morgan raises to neutral from underweight
     * FirstGroup Plc  FGP.L : RBC raises to outperform from sector perform
     * Hochtief AG  HOTG.DE : CFRA raises to strong buy from buy
     * Richter Gedeon Vegyeszeti Gyar Nyrt  GDRB.BU : Jefferies cuts to underperform from hold
    
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.   

     * Acerinox SA  ACX.MC : JP Morgan raises to neutral from underweight
     * Acerinox SA  ACX.MC : JP Morgan raises price target to EUR 9.30 from EUR 8.90
     * ADP  ADP.PA : Morgan Stanley cuts target price to EUR 150 from EUR 180
     * Brewin Dolphin Holdings Plc  BRW.L : RBC raises price target to 390p from 375p
     * Cosmo Pharmaceuticals NV  COPN.S : Jefferies raises target price to SFR 165 from SFR 155
     * FirstGroup Plc  FGP.L : RBC raises price target to 160p from 95p
     * FirstGroup Plc  FGP.L : RBC raises to outperform from sector perform
     * Hochtief AG  HOTG.DE : CFRA raises to strong buy from buy
     * IAG  ICAG.L : CFRA cuts target price to 680p from 780p
     * Imcd NV  IMCD.AS : Berenberg raises price target to EUR 70 from EUR 65.50
     * Kenmare Resources Plc  KMR.L : Berenberg cuts price target to 360p from 400p
     * Magnit  MGNT.MM : JP Morgan raises price target to RUB 3915 from RUB 3800
     * Magnit  MGNTq.L : JP Morgan raises to neutral from underweight
     * Magnit  MGNTq.L : JP Morgan raises price target to $14.4 from $14
     * Pearson Plc  PSON.L : JP Morgan raises target price to 1,065p from 1,050p
     * Rheinmetall AG  RHMG.DE : Berenberg raises price target to EUR 118 from EUR 95
     * Richter Gedeon Vegyeszeti Gyar Nyrt  GDRB.BU : Jefferies cuts to underperform from hold
     * Richter Gedeon Vegyeszeti Gyar Nyrt  GDRB.BU : Jefferies cuts TP to HUF 4,460 from HUF 5,570
     * Saf Holland SA  SFQN.DE : Berenberg cuts price target to EUR 16 from EUR 23
     * Scapa Group  SCPA.L : Jefferies initiates coverage with buy rating; 450p price target
     * Solutions 30 SE  ALS30.PA : Berenberg raises target price to EUR 15 from EUR 12.50
     * Tod's SpA  TOD.MI : RBC cuts price target to EUR 39 from EUR 40
     * United Utilities Group Plc  UU.L : Credit Suisse raises target price to 860p from 800p
     * X5 Retail Group  PJPq.L : JP Morgan raises price target to $33 from $29
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))