Europe Research Roundup: Abrdn, EDPR, Severn Trent

Scandic Hotels AB

28/06/2022 07:55

June 28 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Abrdn, EDPR and Severn Trent, on Tuesday. 

    HIGHLIGHTS  
     * Abrdn Plc  ABDN.L : JP Morgan resumes with neutral rating 
     * EDPR  EDPR.LS : Jefferies initiates with buy rating 
     * Severn Trent  SVT.L : JP Morgan cuts to underweight from neutral
 
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order. 

     * Abrdn Plc  ABDN.L : JP Morgan resumes with neutral rating 
     * Abrdn Plc  ABDN.L : JP Morgan resumes with 187p target price 
     * Accor  ACCP.PA : Jefferies cuts target price to EUR 33 from EUR 33.5 
     * Danske Bank  DANSKE.CO : JP Morgan cuts to underweight from neutral 
     * EDP  EDP.LS : Jefferies initiates with buy rating and EUR 5.7 target price 
     * EDPR  EDPR.LS : Jefferies initiates with buy rating 
     * EDPR  EDPR.LS : Jefferies initiates with EUR 27.5 target price 
     * Fevertree Drinks Plc  FEVR.L : Peel Hunt cuts target price to 1,600p from 1,900p 
     * Ipsen SA  IPN.PA : Credit Suisse cuts target price to EUR 95 from EUR 105 
     * Marks Electrical Group Plc  MRKM.L : Berenberg starts with buy rating 
     * Marks Electrical Group Plc  MRKM.L : Berenberg starts with 120p price target 
     * Pennon Group Plc  PNN.L : JP Morgan cuts target price to 1070p from 1200p 
     * Prosus NV  PRX.AS : JP Morgan raises target price to EUR 84 from EUR 69.40 
     * Sainsbury'S  SBRY.L : HSBC cuts target price to 220p from 240p 
     * Scandic Hotels Group AB  SHOTE.ST : Jefferies raises target price to SEK 45 from SEK 43 
     * Severn Trent  SVT.L : JP Morgan cuts to underweight from neutral
     * Severn Trent  SVT.L : JP Morgan raises target price to 2700p from 2675p 
     * Tesco  TSCO.L : HSBC cuts target price to 315p from 350p 
     * Trustpilot Group Plc  TRST.L : JP Morgan cuts target price to 135p from 168p 
     * Virgin Money UK Plc  VMUK.L : RBC cuts target price to 180p from 200p 
     * Volvo AB  VOLVb.ST : RBC raises target price to SEK 226 from SEK 224 
     * Whitbread  WTB.L : Jefferies cuts target price to 3500p from 3550p 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))