Europe Research Roundup: AB Foods, Adidas AG, B&M

Royal Unibrew A/S

06/09/2022 08:40

Sept 6 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including AB Foods, Adidas AG and B&M, on Tuesday. 
    
    HIGHLIGHTS
     * AB Foods  ABF.L : Jefferies cuts to hold from buy; cuts target price to 1500p from 2000p 
     * Adidas AG  ADSGn.DE : Berenberg cuts to hold from buy 
     * B&M  BMEB.L : Jefferies cuts to underperform from hold; cuts target to 300p from 440p     
     * BT  BT.L : Berenberg cuts to hold from buy 
     * Vantage Towers AG  VTWRn.DE : Citigroup raises to buy from neutral 
            
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 
    
     * AB Foods  ABF.L : Jefferies cuts to hold from buy; cuts target price to 1500p from 2000p 
     * Adidas AG  ADSGn.DE : Berenberg cuts target price to EUR 160 from EUR 255 
     * Adidas AG  ADSGn.DE : Berenberg cuts to hold from buy 
     * Ashmore  ASHM.L : Citigroup raises price target to 215p from 205p 
     * Aviva  AV.L : RBC raises target price to 510p from 420p 
     * Avon Rubber  AVON.L : Jefferies cuts target price to 1120p from 1490p 
     * B&M  BMEB.L : Jefferies cuts to underperform from hold; cuts target to 300p from 440p 
     * Bankinter SA  BKT.MC : JP Morgan raises target price to EUR 5.5 from EUR 5.1 
     * BT  BT.L : Berenberg cuts target price to 190p from 220p 
     * BT  BT.L : Berenberg cuts to hold from buy 
     * Burberry  BRBY.L : Berenberg cuts target price to 1730p from 2050p 
     * Caixabank  CABK.MC : JP Morgan raises target price to EUR 3.1 from EUR 3.05 
     * Ceconomy  CECG.DE : HSBC cuts target price to EUR 1.2 from EUR 2 
     * Commerzbank AG  CBKG.DE : Citigroup raises price target to EUR 10 from EUR 9.8 
     * Discoverie Group Plc  DSCV.L : Jefferies cuts target price to 820p from 1070p 
     * Dredging Environmental & Marine Engineering NV  DEME.BR : Berenberg initiates coverage with buy rating 
     * Dredging Environmental & Marine Engineering NV  DEME.BR : Berenberg initiates coverage with EUR 140 PT 
     * Essilorluxottica SA  ESLX.PA : Berenberg cuts target price to EUR 185 from EUR 195 
     * Fielmann AG  FIEG.DE : Berenberg cuts target price to EUR 30 from EUR 41 
     * Global Fashion Group SA  GFG.DE : Berenberg cuts target price to EUR 5 from EUR 7 
     * H&M  HMb.ST : Berenberg cuts to sell from hold; cuts target price to SEK 85 from SEK 190 
     * Inditex  ITX.MC : Berenberg cuts target price to EUR 22.5 from EUR 26 
     * JD Sports  JD.L : Berenberg cuts target price to 180p from 200p 
     * Just Eat Takeaway.Com  TKWY.AS : Berenberg raises to hold from sell 
     * Kering  PRTP.PA : Berenberg cuts target price to EUR 610 from EUR 900 
     * Kingfisher  KGF.L : Jefferies cuts to hold from buy; cuts target price to 240p from 335p 
     * LVMH  LVMH.PA : Berenberg cuts target price to EUR 710 from EUR 840 
     * Marks and Spencer Group  MKS.L : Jefferies cuts target price to 115p from 170p 
     * Millennium BCP  BCP.LS : JP Morgan raises target price to EUR 0.19 from EUR 0.18 
     * Mister Spex SE  MRXG.F : Berenberg cuts target price to EUR 8 from EUR 24.5 
     * Next Plc  NXT.L : Jefferies cuts target price to 5500p from 6350p 
     * Puma SE  PUMG.DE : Berenberg cuts target price to EUR 82 from EUR 95 
     * Royal Unibrew A/S  RBREW.CO : Citigroup cuts price target to DKK 600 from DKK 775 
     * Sabadell  SABE.MC : JP Morgan raises target price to EUR 0.95 from EUR 0.9 
     * Sainsbury  SBRY.L : Jefferies cuts to hold from buy; cuts target price to 210p from 300p 
     * Tesco  TSCO.L : Jefferies cuts to hold from buy; cuts target price to 260p from 350p 
     * Vantage Towers AG  VTWRn.DE : Citigroup raises to buy from neutral 
     * Vistry Group Plc  VTYV.L : Jefferies raises target price to 1312p from 1209p 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))