Europe Research Roundup: Hochtief, Telenor, Zalando SE

Safestore Holdings

24/06/2024 08:44

June 24 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Hochtief AG, Telenor and Zalando SE, on Monday. 
    
    HIGHLIGHTS
                 * Associated British Foods  ABF.L : HSBC raises target price to 3075p from 3010p 
 
     * Berkeley Group Holdings Plc  BKGH.L : Morgan Stanley cuts PT to 4369p from 4516p
                 * Hochtief AG  HOTG.DE : Jefferies raises target price to EUR 124 from EUR 109 
 
                 * Telenor  TEL.OL : HSBC raises target price to NOK 120 from NOK 112 
 
                 * Zalando SE  ZALG.DE : Morgan Stanley cuts to equal weight from overweight 
 
      
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. 
  
                 * Acs  ACS.MC : Jefferies raises target price to EUR 40.5 from EUR 36.8 
 
                 * Aixtron  AIXGn.DE : Barclays cuts target price to EUR 22 from EUR 28 
 
                 * Ams Osram  AMS.S : Barclays cuts target price to CHF 1.9 from CHF 2 
 
                 * Ashtead  AHT.L : Deutsche Bank cuts target price to 6500p from 6800p 
 
                 * ASML  ASML.AS : Deutsche Bank raises target price to EUR 1100 from EUR 1000 
 
                 * Associated British Foods  ABF.L : HSBC raises target price to 3075p from
 3010p 
 
                 * Barco NV  BAR.BR : Berenberg cuts target price to EUR 17 from EUR 20 
 
                 * Be Semiconductor Industries NV  BESI.AS : Barclays raises PT to EUR 180 from
 EUR 165 
 
                 * Berkeley Group Holdings Plc  BKGH.L : Morgan Stanley cuts PT to 4369p from
 4516p 
 
                 * Bouygues SA  BOUY.PA : Barclays cuts target price to EUR 43 from EUR 44 
 
                 * Cd Projekt SA  CDR.WA : HSBC raises target price to PLN 147 from PLN 92 
 
                 * Cd Projekt SA  CDR.WA : HSBC raises to hold from reduce 
 
                 * Deutsche Telekom  DTEGN.DE : HSBC raises target price to EUR 27.5 from EUR 26
 
                 * Elekta  EKTAb.ST : Deutsche Bank initiates coverage with hold rating and PT
 SEK 70 
 
                 * Enagas SA  ENAG.MC : Morgan Stanley cuts target price to EUR 13 from EUR 14 
 
                 * Endesa SA  ELE.MC : Morgan Stanley raises target price to EUR 19 from EUR 18 
 
                 * Flutter Entertainment Plc  FLTRF.L : Peel Hunt cuts to hold from buy; cuts PT
 to 15,000p from 16,000p 
 
                 * Henkel AG & Co KGaA  HNKG.DE : Jefferies raises target price to EUR 92 from
 EUR 91 
 
                 * Hochtief AG  HOTG.DE : Jefferies raises target price to EUR 124 from EUR 109 
 
                 * Hochtief AG  HOTG.DE : Jefferies raises to buy from hold 
 
                 * Iberdrola SA  IBE.MC : Morgan Stanley raises target price to EUR 14 from EUR
 13.5 
 
                 * Incap oyj  (ICP1V.HE : Inderes raises PT to EUR 13.50 from EUR 12.50; rating
 accumulate 
 
                 * Informa  INF.L : Morgan Stanley raises target price to 885p from 870p 
 
                 * ING Groep  INGA.AS : Morgan Stanley raises target price to EUR 20.5 from EUR
 20 
 
                 * Land Securities  LAND.L : Peel Hunt raises target price to 790p from 745p 
 
                 * Legal & General Group Plc  LGEN.L : JP Morgan cuts target price to 285p from
 330p 
 
                 * Legal and General  LGEN.L : Morgan Stanley raises target price to 245p from
 238p 
 
                 * Medios AG  ILM1k.DE : Deutsche Bank cuts target price to EUR 23 from EUR 25 
 
                 * Mitie Group Plc  MTO.L : Deutsche Bank raises target price to 145p from 140p 
 
                 * Moncler  MONC.MI : Barclays cuts target price to EUR 66 from EUR 68 
 
                 * Ninety One Plc  N91.L : Peel Hunt cuts target price to 180p from 185p 
 
                 * Orange  ORAN.PA : Barclays cuts target price to EUR 12 from EUR 14 
 
                 * Oxford Nanopore Technologies Plc  ONT.L : Barclays cuts target price to 160p
 from 185p 
 
     * Raute oyj  RAUTE.HE : Inderes cuts to accumulate from buy; ups PT to EUR 15.00 from EUR
 12.50 
                 * Redeia  REDE.MC : Morgan Stanley raises target price to EUR 17 from EUR 16 
 
                 * Rolls Royce  RR.L : Jefferies raises target price to 580p from 530p 
 
                 * Safestore Holdings Plc  SAFE.L : Peel Hunt raises target price to 840p from
 830p 
 
                 * Sandvik AB  SAND.ST : JP Morgan raises target price to SEK 215 from SEK 195 
 
                 * SIG Plc  SHI.L : Peel Hunt cuts target price to 28p from 37p 
 
                 * SIG Plc  SHI.L : Peel Hunt cuts to add from buy 
 
                 * Soitec  SOIT.PA : Barclays cuts target price to EUR 115 from EUR 120 
 
                 * Svitzer Group A/S  SVITZR.CO : Citigroup raises target price to DKK 325 from
 DKK 285 
 
                 * Swiss Re  SRENH.S : Barclays raises target price to CHF 113 from CHF 107 
 
                 * Tele2  TEL2B.ST : HSBC raises target price to SEK 95 from SEK 92 
 
                 * Telekom Austria  TELA.VI : HSBC raises target price to EUR 8.1 from EUR 8 
 
                 * Telenor  TEL.OL : HSBC raises target price to NOK 120 from NOK 112 
 
                 * Telia Company AB  TELIA.ST : HSBC raises target price to SEK 25 from SEK 23 
 
                 * UCB SA  UCB.BR : Barclays raises target price to EUR 160 from EUR 150 
 
                 * UCB SA  UCB.BR : TD Cowen raises target price to EUR 170 from EUR 135 
 
                 * Wise Plc  WISEa.L : Citigroup cuts target price to 660p from 750p 
 
                 * YouGov Plc  YOU.L : Liberum cuts to hold from buy; cuts target price to 500p
 from 1420p 
 
                 * Zalando SE  ZALG.DE : Morgan Stanley cuts target price to EUR 24 from EUR 28 
 
                 * Zalando SE  ZALG.DE : Morgan Stanley cuts to equal weight from overweight 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))