Europe Research Roundup: Adidas, Adyen, BMW

Securitas AB

09/02/2024 07:27

Feb 9 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Adidas, Adyen and BMW, on Friday. 
    
    HIGHLIGHTS
     * Adidas  ADSGN.DE : HSBC cuts target price to EUR 215 from EUR 220
     * Adyen NV  ADYEN.AS : Evercore ISI raises target price to EUR 1420 from EUR 1026    
     * BMW  BMWG.DE : HSBC raises target price to EUR 110 from EUR 108
     * Novo Nordisk  NOVOb.CO : JP Morgan raises target price to DKK 950 from DKK 850    
     * Unilever  ULVR.L : Berenberg cuts target price to 4960p from 5110p        
      
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order. 
    
     * Adidas  ADSGN.DE : HSBC cuts target price to EUR 215 from EUR 220
     * Adidas AG  ADSGn.DE : Barclays starts coverage with overweight rating; PT EUR 218
     * Adyen NV  ADYEN.AS : Evercore ISI raises target price to EUR 1420 from EUR 1026
     * Adyen NV  ADYEN.AS : HSBC raises target price to EUR 1600 from EUR 1400
     * Akzo Nobel NV  AKZO.AS : HSBC raises target price to EUR 76 from EUR 72
     * BMW  BMWG.DE : HSBC raises target price to EUR 110 from EUR 108
     * Boliden AB  BOL.ST : RBC cuts target price to SEK 275 from SEK 285
     * DR ING HC F Porsche AG  P911_p.DE : HSBC cuts target price to EUR 98 from EUR 100
     * Endesa  ELE.MC : RBC cuts target price to EUR 18.5 from EUR 19.5
     * Forterra Plc  FORT.L : Peel Hunt raises target price to 180p from 140p
     * GN Store Nord  GN.CO : JP Morgan cuts target price to DKK 229 from DKK 260
     * Grafton Group  GFTU_u.L : RBC initiates with outperform rating; price target 1,140p
     * Hargreaves Lansdown  HRGV.L : JP Morgan raises target price to 647p from 630p
     * Howden Joinery  HWDN.L : RBC initiates coverage with outperform rating; price target 920p
     * Keller Group Plc  KLR.L : Berenberg initiates coverage with buy rating and 1,250p PT 
     * Kering  PRTP.PA : JP Morgan cuts target price to EUR 425 from EUR 430
     * Kier Group Plc  KIE.L : Berenberg initiates coverage with buy rating; price target 210p
     * Marel HF  MARL.IC : Jefferies raises target price to EUR 3.60 from EUR 3.40
     * Mercedes Benz Group AG  MBGn.DE : HSBC raises target price to EUR 82 from EUR 77
     * Metro AG  B4B.DE : HSBC cuts target price to EUR 5.4 from EUR 5.5
     * Neste Oyj  NESTE.HE : JP Morgan cuts target price to EUR 37 from EUR 40
     * Novo Nordisk  NOVOb.CO : JP Morgan raises target price to DKK 950 from DKK 850
     * Publicis  PUBP.PA : JP Morgan raises target price to EUR 109 from EUR 105
     * Puma SE  PUMG.DE : Barclays starts coverage with equal weight rating; target price EUR 42
     * Renault  RENA.PA : HSBC cuts target price to EUR 44 from EUR 47
     * Rockwool A/S  ROCKb.CO : JP Morgan raises target price to DKK 1970 from DKK 1900
     * S4 Capital  SFOR.L : HSBC cuts target price to 82p from 120p
     * Sampo Oyj  SAMPO.HE : Jefferies cuts target price to EUR 36 from EUR 43
     * Securitas AB  SECUb.ST : RBC raises target price to SEK 85 from SEK 80
     * SIG Plc  SHI.L : RBC initiates coverage with sector perform rating; price target 35p
     * Swedish Orphan Biovitrum  SOBIV.ST : RBC cuts target price to SEK 370 from SEK 385
     * Unilever  ULVR.L : Berenberg cuts target price to 4960p from 5110p
     * Unite Group  UTG.L : Jefferies raises target price to 1155p from 1050p
     * Vinci  SGEF.PA : JP Morgan raises target price to EUR 145 from EUR 144
     * Volkswagen AG  VOWG.DE : HSBC raises target price to EUR 130 from EUR 125
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))