Europe Research Roundup: Pirelli & C SpA, UPM-Kymmene Oyj, Wacker Chemie

Schindler Holding AG

31/10/2019 08:25

Oct 31 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Pirelli & C SpA, UPM-Kymmene Oyj and Wacker Chemie, on Thursday. 
    
    HIGHLIGHTS  
     * Pirelli & C SpA  PIRC.MI : JP Morgan cuts to neutral from overweight
     * UPM-Kymmene Oyj  UPM.HE : Jefferies cuts to hold from buy
     * Wacker Chemie AG  WCHG.DE : Citigroup cuts to neutral from buy
 Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. 
    
     * Airbus SE  AIR.PA : Vertical Research raises price target to 156 euros from 152 euros
     * Arrow Global Group Plc  ARWA.L : Jefferies cuts price target to 420p from 534p
     * Brooks MacDonald Group Plc  BRK.L : RBC raises target price to 2,020p from 1,985p
     * Cairn Energy Plc  CNE.L : RBC cuts price target to 200p from 210p
     * Convatec Group Plc  CTEC.L : JP Morgan cuts price target to 171p from 174p
     * Derwent London Plc  DLN.L : RBC raises target price to 2,850p from 2,750p
     * E.ON SE  EONGn.DE : Jefferies raises to buy from hold; raises pt to EUR 10 from EUR 7.8
     * Erste Group Bank AG  ERST.VI : JP Morgan cuts target price to EUR 39 from EUR 41.50
     * Essilorluxottica SA  ESLX.PA : RBC raises target price to EUR 128 from EUR 121
     * GlaxoSmithKline Plc  GSK.L : Credit Suisse raises price target to 1800p from 1700p
     * Great Portland Estates Plc  GPOR.L : RBC raises target price to 575p from 550p
     * Kering  PRTP.PA : RBC raises target price to EUR 590 from EUR 575
     * Nokian Tyres Plc  TYRES.HE : Citigroup cuts price target to EUR 20.4 from EUR 20.7
     * Oesterreichische Post AG  POST.VI : RBC cuts target price to EUR 35 from EUR 36
     * Pirelli & C SpA  PIRC.MI : JP Morgan cuts to neutral from overweight
     * Pirelli & C SpA  PIRC.MI : JP Morgan cuts price target to EUR 6.30 from EUR 7.20
     * Remy Cointreau  RCOP.PA : Jefferies cuts price target to EUR 115 from EUR 120
     * Schindler Holding AG  SCHN.S : Citigroup raises price target to SFR 230 from SFR 220
     * SEB SA  SEBF.PA : Citigroup cuts price target to EUR 160 from EUR 165
     * SIG Combibloc Group AG  SIGNC.S : Credit Suisse ups PT to SFR 16 from SFR 14.50
     * UPM-Kymmene Oyj  UPM.HE : Jefferies cuts to hold from buy
     * Wacker Chemie AG  WCHG.DE : Citigroup cuts to neutral from buy
    

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