Europe Research Roundup: 74Software, Hochschild, Unicredit

SAP SE

27/07/2026 08:26

July 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including 74Software, Hochschild and Unicredit, on Monday
     
HIGHLIGHTS
     
 
* 74Software SA 74SW.PA: Berenberg raises target price to EUR 47 from EUR 44
* Edenred EDEN.PA: JP Morgan raises target price to EUR 32 from EUR 31 
* Hochschild HOCM.L: Berenberg raises to buy from hold 
* Naturgy NTGY.MC: JP Morgan raises target price to EUR 32 from EUR 30.50 
* Unicredit CRDI.MI: JP Morgan raises target price to EUR 94 from EUR 93 
     
 
Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order. 

* 3I Group III.L: Kepler Cheuvreux raises target price to 1,900p from 1,850p 
* 74Software SA 74SW.PA: Berenberg raises target price to EUR 47 from EUR 44 
* ABB ABBN.S: Morgan Stanley raises target price to CHF 88 from CHF 85 
* Accor ACCP.PA: Morgan Stanley resumes coverage with equal weight rating
* Accor ACCP.PA: Morgan Stanley resumes coverage with target price EUR 51 
* Acerinox ACX.MC: Alphavalue raises target price to EUR 16.2 from EUR 12.3
* Acerinox ACX.MC: Deutsche Bank raises target price to EUR 20 from EUR 16
* Alimak Group AB (Publ) ALIG.ST: Berenberg raises target price to SEK 165 from SEK 150 
* Allianz SE ALVG.DE: RBC raises target price to EUR 440 from EUR 400 
* Anheuser-Busch Inbev ABI.BR: Barclays cuts target price to EUR 82 from EUR 95 
* Anheuser-Busch Inbev ABI.BR: Barclays cuts to equal-weight from overweight 
* Aryzta AG ARYN.S: Berenberg cuts target price to CHF 72 from CHF 75 
* Ashtead Technology Holdings Plc ATAS.L: Panmure Liberum cuts PT to 600p from 621p 
* Asmodee Group AB ASMDEEb.ST: Bernstein raises target price to SEK 173.9 from SEK 162.1 
* Assicurazioni Generali GASI.MI: Morgan Stanley raises PT  to EUR 41 from EUR 38.50
* Atoss Software SE AOFG.DE: Stifel cuts target price to EUR 110 from EUR 120 
* Aviva AV.L: RBC raises target price to 780p from 770p 
* Banco Sabadell SABE.MC: Kepler Cheuvreux raises target price to EUR 3.70 from EUR 3.50 
* Banco Sabadell SABE.MC: Morgan Stanley raises target price to EUR 3.10 from EUR 3 
* Banco Santander SAN.MC: Deutsche Bank raises target price to EUR 13.55 from EUR 12.10 
* Bankinter BKT.MC: Kepler Cheuvreux raises target price to EUR 16 from EUR 15 
* Bawag BAWG.VI: Kepler Cheuvreux raises target price to EUR 200 from EUR 192 
* Beauty Tech Group Plc TBTG.L: Canaccord Genuity initiates coverage with buy rating
* Beauty Tech Group Plc TBTG.L: Canaccord Genuity initiates coverage with PT 545p 
* BNP Paribas BNPP.PA: Kepler Cheuvreux raises target price to EUR 110.30 from EUR 88.80 
* BNP Paribas BNPP.PA: Kepler Cheuvreux raises to hold from reduce 
* BNP Paribas BNPP.PA: Morgan Stanley raises target price to EUR 120 from EUR 115 
* BNP Paribas BNPP.PA: RBC raises target price to EUR 109 from EUR 99 
* Bytes Technology Group Plc BYIT.L: UBS cuts to sell from neutral 
* Bytes Technology Group Plc BYIT.L: UBS raises target price to 365p from 305p 
* Centrica CNA.L: Berenberg cuts target price to 200p from 230p 
* Centrica CNA.L: Kepler Cheuvreux cuts target price to 180p from 200p
* Centrica CNA.L: Kepler Cheuvreux raises to buy from hold 
* Daetwyler Holding Inc DAE.S: Berenberg cuts target price to CHF 157 from CHF 167 
* Danske Bank DANSKE.CO: Morgan Stanley raises target price to DKK 400 from DKK 375 
* Dassault Aviation SA AM.PA: Alphavalue raises to buy from add 
* Dassault Aviation SA AM.PA: Jefferies raises target price to EUR 420 from EUR 410 
* Delivery Hero SE DHER.DE: Jefferies cuts to hold from buy; cuts target price to EUR 41.5 from EUR 42.5 
* Deutsche Telekom AG DTEGn.DE: JP Morgan cuts target price to EUR 38 from EUR 40 
* Diageo DGE.L: Kepler Cheuvreux cuts target price to 2,000p from 2,300p 
* Dianomi Plc DNM.L: Panmure Liberum raises target price to 33p from 31p 
* Discoverie Group Plc DSCV.L: Deutsche Bank raises target price to 940p from 910p 
* EasyJet EZJ.L: UBS raises target price to 635p from 610p 
* Edenred EDEN.PA: JP Morgan raises target price to EUR 32 from EUR 31 
* Engcon AB ENGCONb.ST: Berenberg cuts target price to SEK 78 from SEK 80 
* Eutelsat ETL.PA: Stifel raises to hold from sell; raises target price to EUR 2.40 from EUR 2.20 
* Evolution EVOG.ST: Goldman Sachs raises target price to SEK 610 from SEK 550 
* Flatexdegiro SE FTKn.DE: UBS raises target price to EUR 48 from EUR 46.50 
* Fortum FORTUM.HE: UBS raises target price to EUR 14.60 from EUR 13.20 
* Fuchs SE FPEn.DE: Berenberg cuts target price to EUR 41 from EUR 45.3 
* Fuchs SE FPEn.DE: Berenberg cuts to hold from buy
* Galderma GALD.S: Kepler Cheuvreux raises target price to CHF 215 from CHF 167 
* Galderma Group AG GALD.S: Deutsche Bank raises target price to CHF 195 from CHF 190 
* Gecina SA GFCP.PA: Citigroup cuts target price to EUR 109 from EUR 118 
* Generali GASI.MI: Berenberg raises target price to EUR 73 from EUR 71 
* Givaudan SA GIVN.S: Deutsche Bank raises target price to CHF 3,650 from CHF 3,300 
* Guerbet GRBT.PA: Kepler Cheuvreux cuts target price to EUR 8.30 from EUR 13.80 
* Harworth Group Plc HWG.L: Jefferies cuts target price to 170p from 186p 
* Havas NV HAVAS.AS: JP Morgan cuts to neutral from overweight 
* Hochschild HOCM.L: Berenberg raises to buy from hold 
* Hoist Finance HOFI.ST: Kepler Cheuvreux raises PT to SEK 223 from SEK 192 
* Howden Joinery HWDN.L: Jefferies cuts target price to 847p from 976p 
* IBA IBAB.BR: ING raises target price to EUR 18 from EUR 14.50 
* Icade SA ICAD.PA: Jefferies cuts target price to EUR 19 from EUR 20 
* IMI IMI.L: Kepler Cheuvreux cuts to hold from buy
* IMI IMI.L: Kepler Cheuvreux raises target price to 3,250p from 3,080p 
* Inditex SA ITX.MC: Barclays raises target price to EUR 62.5 from EUR 56 
* Inditex SA ITX.MC: Barclays raises target price to EUR 62.50 from EUR 56 
* Inditex SA ITX.MC: Barclays raises to overweight from equal-weight 
* Jungheinrich AG JUNG_p.DE: Bernstein cuts target price to EUR 45 from EUR 48 
* Jupiter Fund Management Plc JUP.L: UBS cuts target price to 170p from 175p 
* Kinepolis Group NV KIPO.BR: Degroof Petercam raises PT to EUR 51 from EUR 44 
* Legal & General Group LGEN.L: Morgan Stanley assumes coverage with PT 230p vs 240p 
* Legal & General Group LGEN.L: Morgan Stanley assumes coverage with underweight vs equal weight rating
* Legal & General Group LGEN.L: RBC raises target price to 255p from 220p 
* Lindt & Spruengli LISN.S: Jefferies raises target price to CHF 83580 from CHF 81660 
* Logista LOG.MC: Bernstein raises target price to EUR 35 from EUR 33 
* Lottomatica Group SpA LTMC.MI: Jefferies raises target price to EUR 35.50 from EUR 32 
* M&G MNG.L: Morgan Stanley assumes coverage with equal weight rating; PT 310p vs 320p 
* M&G MNG.L: RBC raises target price to 335p from 285p 
* Marks & Spencer Group Plc MKS.L: Barclays raises target price to 450p from 410p 
* Metso METSO.HE: JP Morgan raises target price to EUR 20 from EUR 19 
* Munich Re MUVGn.DE: RBC raises target price to EUR 500 from EUR 490 
* Naturgy NTGY.MC: JP Morgan raises target price to EUR 32 from EUR 30.50 
* Neste NESTE.HE: Barclays raises target price to EUR 35 from EUR 32 
* Neste Corporation NESTE.HE: Morgan Stanley raises target price to EUR 29 from EUR 28 
* Nokia NOKIA.HE: Barclays cuts target price to EUR 8 from EUR 8.50 
* Nokia NOKIA.HE: Deutsche Bank cuts target price to EUR 11.50 from EUR 13.50 
* Nordea Bank Abp NDAFI.HE: Morgan Stanley raises target price to EUR 17.30 from EUR 16.10 
* Novartis AG NOVN.S: Berenberg raises target price to CHF 120 from CHF 110 
* Poste Italiane PST.MI: Berenberg raises target price to EUR 32.9 from EUR 30.1 
* Poste Italiane PST.MI: Jefferies raises target price to EUR 24.20 from EUR 22.50 
* Renishaw Plc RSW.L: Panmure Liberum raises target price to 5,320p from 5,000p 
* Repsol REP.MC: Berenberg raises target price to EUR 31 from EUR 28 
* Repsol REP.MC: Morgan Stanley raises target price to EUR 25 from EUR 24 
* Roche Holding AG ROPC.S: Bernstein raises target price to CHF 434.5 from CHF 395 
* Salzgitter AG SZGG.DE: Morgan Stanley cuts target price to EUR 67 from EUR 67.50
* Santander SAN.MC: Kepler Cheuvreux raises target price to EUR 13.20 from EUR 12.10 
* Sap SE SAPG.DE: Barclays cuts target price to EUR 210 from EUR 220 
* SAP SE SAPG.DE: Berenberg cuts target price to EUR 205 from EUR 215 
* SAP SE SAPG.DE: HSBC raises target price to EUR 196 from EUR 185 
* Sartorius AG SATG_p.DE: Barclays cuts target price to EUR 260 from EUR 270 
* Sartorius Stedim Biotech STDM.PA: Barclays cuts PT to EUR 210 from EUR 220 
* Schott pharma AG & Co. KGaA 1SXP.DE: UBS raises PT to EUR 26.50 from EUR 25.90 
* SGS SA SGSN.S: Barclays raises target price to CHF 87 from CHF 80 
* Signify LIGHT.AS: Barclays cuts target price to EUR 12.60 from EUR 13 
* Signify LIGHT.AS: UBS cuts target price to EUR 17 from EUR 20 
* Signify NV LIGHT.AS: ING cuts target price to EUR 15 from EUR 19 
* Skandinaviska Enskilda Banken  SEBa.ST: Morgan Stanley ups PT to SEK 187 from SEK 171 
* Sligro Food Group NV SLIGR.AS: Degroof Petercam cuts PT to EUR 12.50 from EUR 16 
* Sligro Food Group NV SLIGR.AS: Degroof Petercam cuts to hold from buy
* Soitec SOIT.PA: UBS raises target price to EUR 94 from EUR 85 
* Soitec SA SOIT.PA: Berenberg cuts target price to EUR 129 from EUR 138 
* Standard Life SDLF.L: Morgan Stanley assumes coverage with overweight vs equal weight rating
* Standard Life SDLF.L: Morgan Stanley assumes coverage with PT 980p vs 805p 
* Standard Life SDLF.L: RBC  raises target price to 885p from 870p
* Standard Life SDLF.L: RBC cuts to sector perform from outperform
* STMicroelectronics NV STMPA.PA: Berenberg raises target price to EUR 68 from EUR 53 
* Svenska Handelsbanken AB SHBa.ST: Morgan Stanley raises PT to SEK 133 from SEK 129 
* Swatch UHR.S: Barclays cuts target price to CHF 127 from CHF 130 
* Swedbank SWEDa.ST: Morgan Stanley raises target price to SEK 330 from SEK 311
* Swiss Re AG SRENH.S: RBC raises target price to CHF 115 from CHF 110
* Syensqo NV SYENS.BR: Bernstein raises target price to EUR 78 from EUR 71 
* Temenos AG TEMN.S: Deutsche Bank cuts target price to CHF 68 from CHF 77 
* Thales TCFP.PA: Deutsche Bank raises target price to EUR 296 from EUR 283 
* Thales TCFP.PA: Deutsche Bank raises to buy from hold 
* Thales TCFP.PA: JP Morgan raises target price to EUR 280 from EUR 275 
* Totalenergies TTEF.PA: Kepler Cheuvreux raises target price to EUR 81 from EUR 80 
* Unicredit CRDI.MI: JP Morgan raises target price to EUR 94 from EUR 93 
* Unicredit S.P.A. CRDI.MI: Morgan Stanley raises target price to EUR 96 from EUR 87 
* UPM-Kymmene Oyj UPM.HE: Morgan Stanley cuts target price to EUR 27 from EUR 29 
* Vend Marketplaces ASA VEND.OL: UBS cuts target price to NOK 207 from NOK 250 
* Vend Marketplaces ASA VEND.OL: UBS cuts to sell from neutral 
* Volkswagen VOWG.DE: Kepler Cheuvreux cuts target price to EUR 90 from EUR 98 
* Volkswagen AG VOWG.DE: Deutsche Bank cuts target price to EUR 115 from EUR 120 
* Volkswagen AG VOWG_p.DE: Deutsche Bank cuts target price to EUR 115 from EUR 120 
* Wartsila WRT1V.HE: Citigroup raises target price to EUR 28 from EUR 27.5 
* Yara International ASA YAR.OL: Morgan Stanley cuts target price to NOK 480 from NOK 535 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))