Europe Research Roundup: ACS, Catena, NKT

SAP SE

15/10/2026 08:22

Oct 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ACS, Catena and NKT, on Thursday.
     
HIGHLIGHTS
* ACS ACS.MC: JP Morgan initiates coverage with overweight rating
* Catena AB CATE.ST: Jefferies raises to buy from hold
* Land Securities LAND.L: Jefferies raises raises target price to 593p from 462p 
* NKT A/S NKT.CO: Berenberg raises target price to DKK 1110 from DKK 825 
* SAP SE SAPG.DE: TD Cowen raises target price to EUR 225 from EUR 180 
     
Following is a summary of research actions on European companies reported by Reuters on Thursday. Stock entries are in alphabetical order.
     
* Aberdeen Group Plc ABDN.L: JP Morgan raises target price to 273p from 267p 
* ABN Amro ABNd.AS: UBS raises target price to EUR 52 from EUR 48 
* Acerinox ACX.MC: JP Morgan raises target price to EUR 20.20 from EUR 16.10 
* ACS ACS.MC: JP Morgan initiates coverage with overweight rating
* ACS ACS.MC: JP Morgan initiates coverage with target price EUR 127 
* ACS ACS.MC: UBS cuts target price to EUR 144 from EUR 150 
* Aedifica NV AOO.BR: Jefferies cuts target price to EUR 67 from EUR 70 
* Air Liquide AIRP.PA: JP Morgan raises target price to EUR 166 from EUR 162 
* Airbus SE AIR.PA: RBC cuts target price to EUR 240 from EUR 250 
* Aker BP AKRBP.OL: Citigroup raises target price to NOK 335 from NOK 315 
* Alstom ALSO.PA: Alphavalue cuts target price to EUR 20.1 from EUR 29.2 
* Alstom ALSO.PA: Alphavalue cuts to add from buy
* Aperam SA APAM.AS: JP Morgan cuts target price to EUR 55.50 from EUR 57 
* ArcelorMittal SA MT.AS: JP Morgan raises target price to EUR 70 from EUR 57 
* ArcelorMittal SA MT.AS: JP Morgan raises to overweight from neutral 
* Argan SA ARGAN.PA: Jefferies cuts target price to EUR 71.10 from EUR 79 
* Aroundtown SA AT1.DE: Jefferies cuts target price to EUR 1.30 from EUR 1.65 
* Ashmore ASHM.L: Deutsche Bank raises target price to 160p from 155p 
* Ashmore Group Plc ASHM.L: Barclays raises target price to 175p from 170p 
* ASML ASML.AS: UBS raises target price to EUR 2400 from EUR 2350 
* ASML Holding ASML.AS: HSBC raises target price to EUR 2261 from EUR 2177 
* ASML Holding N.V. ASML.AS: Citigroup raises target price to EUR 2300 from EUR 2200 
* ASML Holding N.V. ASML.AS: Jefferies cuts target price to EUR 1590 from EUR 1650 
* ASML Holding NV ASML.AS: Barclays raises target price to EUR 2500 from EUR 2450 
* Atlas Copco a ATCOa.ST: UBS raises target price to SEK 215 from SEK 195 
* Aumovio AMV0n.DE: Barclays raises target price to EUR 60 from EUR 55 
* Avon Technologies Plc AVON.L: Deutsche Bank raises target price to 2480p from 2000p 
* Balder BALDb.ST: Jefferies cuts target price to SEK 46 from SEK 58 
* Banca Mediolanum BMED.MI: BofA Global Research raises PT to EUR 25.5 from EUR 24.5 
* Bellway Plc BWY.L: Peel Hunt cuts target price to 2370p from 2430p 
* Big Yellow Group Plc BYG.L: Jefferies cuts target price to 898p from 1138p 
* Bossard BOS.S: UBS raises target price to CHF 270 from CHF 220 
* Bossard Holding AG BOS.S: Berenberg raises target price to CHF 290 from CHF 265 
* British Land BLND.L: Jefferies raises target price to 331p from 305p 
* Bunzl BNZL.L: Bernstein raises target price to 3,050p from 3,000p 
* Campari Group CPRI.MI: Deutsche Bank raises target price to EUR 7.3 from EUR 7.1 
* Capgemini CAPP.PA: Deutsche Bank raises target price to EUR 150 from EUR 125 
* Catena AB CATE.ST: Jefferies cuts target price to SEK 416 from SEK 445 
* Catena AB CATE.ST: Jefferies raises to buy from hold
* Centiel CNTL.S: UBS raises target price to CHF 7.93 from CHF 7.63 
* Chemring Group Plc CHG.L: Berenberg cuts target price to 650p from 660p 
* Cibus Nordic Real Estate AB (Publ) CIBUS.ST: Jefferies cuts PT to SEK 130 from SEK 155 
* Colonial COL.MC: Jefferies cuts target price to EUR 4.65 from EUR 5.50 
* Covivio SA CVO.PA: Jefferies cuts target price to EUR 45 from EUR 54 
* Ctp NV CTPNV.AS: Jefferies cuts target price to EUR 16 from EUR 20 
* Daimler Truck DTGGe.DE: Barclays raises target price to EUR 60 from EUR 55 
* Demant DEMANT.CO: Bernstein raises target price to DKK 322 from DKK 276 
* Derwent London Plc DLN.L: Jefferies cuts target price to 1,655.00p from 1,713.00p 
* Derwent London Plc DLN.L: Jefferies raises to hold from underperform
* Deutsche Boerse AG DB1Gn.DE: Barclays raises target price to EUR 320 from EUR 310 
* DHL Group DHLn.DE: RBC initiates coverage with outperform rating
* DHL Group DHLn.DE: RBC initiates coverage with target price EUR 67 
* Discoverie Group Plc DSCV.L: Deutsche Bank raises target price to 1000p from 940p 
* Discoverie Group Plc DSCV.L: Stifel raises target price to 1075p from 1000p 
* DSV DSV.CO: Deutsche Bank cuts target price to DKK 1425 from DKK 1823 
* DSV DSV.CO: RBC initiates coverage with sector perform rating
* DSV DSV.CO: RBC initiates coverage with target price DKK 1250 
* Elisa Corporation ELISA.HE: Deutsche Bank cuts target price to EUR 40.5 from EUR 42.5 
* Endeavour Mining Plc EDV.L: Goldman Sachs initiates coverage with buy rating 
* Eurocommercial Properties N.V. ECMPA.AS: Jefferies cuts PT to EUR 29 from EUR 30 
* Fabege AB FABG.ST: Jefferies cuts target price to SEK 60 from SEK 79 
* Ferretti S.P.A. YACHT.MI: JP Morgan raises target price to EUR 3.3 from EUR 3.2 
* Gecina SA GFCP.PA: Jefferies cuts target price to EUR 75 from EUR 95 
* Grainger GRI.L: Jefferies cuts target price to 200p from 210p 
* Grand City Properties SA GYC.DE: Jefferies cuts target price to EUR 7.30 from EUR 9.50 
* Great Portland Estates Plc GPEG.L: Jefferies raises target price to 351p from 334p 
* Great Portland Estates Plc GPEG.L: Jefferies raises to buy from hold
* H Lundbeck A/S HLUNb.CO: UBS raises target price to DKK 53 from DKK 52 
* Hammerson HMSO.L: Jefferies cuts target price to 351p from 375p 
* Havas HAVAS.AS: Barclays cuts target price to EUR 21 from EUR 22 
* Havas NV HAVAS.AS: JP Morgan cuts target price to EUR 20 from EUR 22 
* Huber+Suhner HUBN.S: UBS cuts target price to CHF 300 from CHF 320 
* Icade SA ICAD.PA: Jefferies cuts target price to EUR 12 from EUR 19 
* Icade SA ICAD.PA: Jefferies cuts to underperform from hold
* JCDecaux SE JCDX.PA: Deutsche Bank raises target price to EUR 30 from EUR 21 
* JCDecaux SE JCDX.PA: Deutsche Bank raises to buy from hold 
* Jenoptik JENGn.DE: Deutsche Bank raises target price to EUR 52 from EUR 48 
* Kenmare Resources Plc KMR.L: Berenberg cuts target price to 160p from 180p 
* Kion KGX.DE: Barclays cuts target price to EUR 46 from EUR 51 
* Kion KGX.DE: Deutsche Bank cuts target price to EUR 52 from EUR 60 
* Kion KGX.DE: UBS cuts target price to EUR 51 from EUR 59 
* Kion Group AG KGX.DE: Bernstein cuts target price to EUR 48 from EUR 56 
* Klepierre LOIM.PA: Jefferies cuts target price to EUR 37 from EUR 40 
* Kuehne+Nagel KNIN.S: Deutsche Bank raises target price to CHF 240 from CHF 196 
* Kuehne+Nagel KNIN.S: RBC initiates coverage with sector perform rating
* Kuehne+Nagel KNIN.S: RBC initiates coverage with target price CHF 235 
* Land Securities LAND.L: Jefferies raises raises target price to 593p from 462p 
* Land Securities LAND.L: Jefferies raises to hold from underperform
* Leg Immobilien SE LEGn.DE: Jefferies cuts target price to EUR 72 from EUR 82 
* Living REIT Plc LIVE.L: Jefferies cuts target price to 80p from 85p 
* Londonmetric LMPL.L: Jefferies cuts target price to 217p from 225p 
* Lonza Group AG LONN.S: Morgan Stanley raises target price to CHF 675 from CHF 650 
* Lumo Kodit Oyj LUMO.HE: Jefferies cuts target price to EUR 7 from EUR 12 
* Lumo Kodit Oyj LUMO.HE: Jefferies cuts to hold from buy
* Melia Hotels MEL.MC: UBS cuts target price to EUR 10.7 from EUR 11.5 
* Mercialys SA MERY.PA: Jefferies cuts target price to EUR 10 from EUR 12.5 
* Merlin Properties MRL.MC: Jefferies raises to buy from hold 
* Mondi MNDI.L: JP Morgan cuts target price to 790p from 890p 
* Montea NV MONTE.BR: Jefferies cuts target price to EUR 74 from EUR 85 
* Netcompany Group A/S NETCG.CO: Morgan Stanley raises PT to DKK 320 from DKK 309 
* Newriver REIT Plc NRRT.L: Jefferies cuts target price to 87p from 92p 
* NKT A/S NKT.CO: Berenberg raises target price to DKK 1110 from DKK 825 
* NKT A/S NKT.CO: Berenberg raises to buy from hold
* NP3 NP3.ST: Jefferies cuts target price to SEK 188 from SEK 200 
* Outokumpu OUT1V.HE: JP Morgan cuts target price to EUR 6.30 from EUR 6.50 
* Porvair Plc PORV.L: Berenberg raises target price to 1100p from 1050p 
* Primary Health Properties Plc PHP.L: Jefferies cuts target price to 107p from 118p 
* Pva Tepla AG TPEG.DE: Jefferies raises target price to EUR 48 from EUR 47 
* Rentokil RTO.L: Bernstein cuts target price to 441p from 510p 
* Rentokil Initial Plc RTO.L: UBS cuts target price to 370p from 480p 
* Rio Tinto Plc RIO.L: UBS cuts target price to 7300p from 7400p
* Safestore Holdings Plc SAFE.L: Jefferies cuts target price to 604p from 788p 
* Sagax AB SAGAb.ST: Jefferies cuts target price to SEK 133 from SEK 145 
* Sainsbury SBRY.L: Citigroup cuts target price to 350p from 352p 
* Salzgitter AG SZGG.DE: JP Morgan raises target price to EUR 65 from EUR 64 
* SAP SE SAPG.DE: TD Cowen raises target price to EUR 225 from EUR 180 
* Scandic Hotels Group AB SHOTE.ST: UBS raises target price to SEK 109 from SEK 103 
* Shaftesbury Capital Plc SHCS.L: Jefferies cuts target price to 170p from 182p 
* Sipef NV SIFB.BR: Degroof Petercam raises target price to EUR 125 from EUR 115 
* Sirius Real Estate Limited SRET.L: Jefferies cuts target price to 108p from 110p 
* Skandinaviska Enskilda Banken SEBa.ST: Barclays cuts PT to SEK 258 from SEK 262 
* Smarter Web Company Plc SWC.L: TD Cowen raises target price to 115p from 73p 
* Softcat Plc SCTS.L: Jefferies raises target price to 1750p from 1700p 
* Softwareone SWON.S: Deutsche Bank raises target price to CHF 10 from CHF 8.5 
* Sonova Holding AG SOON.S: Bernstein raises target price to CHF 285 from CHF 275 
* SSAB SSABa.ST: JP Morgan raises target price to SEK 102 from SEK 95 
* SSAB SSABb.ST: JP Morgan raises target price to SEK 98 from SEK 91 
* Standard Chartered Plc STAN.L: Jefferies raises target price to 3,040p from 2,250p 
* Stellantis STLAM.MI: Deutsche Bank cuts target price to EUR 4.5 from EUR 5.5 
* Supermarket Income REIT Plc SUPR.L: Jefferies cuts target price to 90p from 94p 
* Swedish Logistic Property AB SLPb.ST: Jefferies cuts PT to SEK 36 from SEK 40 
* TAG Immobilien AG TEGG.DE: Jefferies cuts target price to EUR 13 from EUR 17 
* Tamburi Investment Partners S.P.A. TIP.MI: Equita raises PT to EUR 15.6 from EUR 14.6 
* Target Healthcare REIT Plc THRLT.L: Jefferies raises target price to 124p from 111p 
* Target Healthcare REIT Plc THRLT.L: Jefferies raises to buy from hold
* Tele2 TEL2b.ST: Deutsche Bank raises target price to SEK 148 from SEK 144 
* Telenor ASA TEL.OL: Deutsche Bank cuts target price to NOK 150 from NOK 160 
* Telia TELIA.ST: Deutsche Bank raises target price to SEK 50 from SEK 34 
* Telia TELIA.ST: Deutsche Bank raises to buy from hold 
* Temenos TEMN.S: Deutsche Bank raises target price to CHF 73 from CHF 68 
* Tharisa Plc THST.L: Peel Hunt cuts target price to 180p from 185p
* ThyssenKrupp TKAG.DE: JP Morgan raises target price to EUR 17 from EUR 15 
* Tomra Systems TOM.OL: Jefferies cuts target price to NOK 90 from NOK 105 
* Traton 8TRA.DE: Barclays raises target price to EUR 41 from EUR 40 
* Trianon TRIANb.ST: Jefferies cuts target price to SEK 20 from SEK 24 
* Tritax Big Box BBOXT.L: Jefferies cuts target price to 201p from 208p 
* Unite Group UTG.L: Jefferies cuts target price to 450p from 503p 
* Urw URW.PA: Jefferies cuts target price to EUR 114 from EUR 122 
* Vgp NV VGP1.BR: Jefferies cuts target price to EUR 81 from EUR 92 
* Victorian Plumbing Group Plc VIC.L: Berenberg raises target price to 125p from 115p 
* Voestalpine AG VOES.VI: JP Morgan raises target price to EUR 56.80 from EUR 50 
* Volkswagen AG VOWG.DE: RBC cuts target price to EUR 115 from EUR 120 
* Vonovia SE VNAn.DE: Jefferies cuts target price to EUR 23 from EUR 28.5 
* Wdp WDPP.BR: Jefferies cuts target price to EUR 19.5 from EUR 23 
* Workspace WKP.L: Jefferies cuts target price to 367p from 390p 
* Workspace WKP.L: Jefferies cuts to hold from buy
* Xior Student Housing NV XIOR.BR: Jefferies cuts target price to EUR 25 from EUR 28 
* YouGov Plc YOU.L: Canaccord Genuity raises target price to 460p from 450p 
* Zigup Plc ZIG.L: Deutsche Bank raises target price to 575p from 525p 
* Zurich Insurance Group AG ZURN.S: Jefferies raises PT to CHF 620 from CHF 520 

 (Compiled by Bengaluru Newsroom; Edited by Ronojoy Mazumdar)
 ((Diaries@thomsonreuters.com))