Europe Research Roundup: Avanza Bank, Forvia, Novonesis

Shawbrook

08/07/2026 08:31

July 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Avanza Bank, Forvia and Novonesis, on Wednesday. 

HIGHLIGHTS       
* Avanza Bank AVANZ.ST: Jefferies initiates coverage with underperform rating
* Forvia SE FRVIA.PA: Citigroup raises to buy from neutral 
* IMI Plc IMI.L: JP Morgan raises target price to 3300p from 3050p 
* Novonesis NSISb.CO: JP Morgan raises target price to DKK 520 from DKK 500 
* Travis Perkins TPK.L: Berenberg cuts target price to 580p from 620p 

Following is a summary of research actions on European companies reported by Reuters on Wednesday. Stock entries are in alphabetical order.
  
* Aberdeen ABDN.L: Barclays raises target price to 220p from 200p 
* Aberdeen Group Plc ABDN.L: RBC raises target price to 245p from 230p 
* ABN Amro ABND.AS: Kepler Cheuvreux raises target price to EUR 42.6 from EUR 41.3 
* Acerinox ACX.MC: Exane BNP Paribas cuts to underperform from neutral 
* Aegean Airlines AGNr.AT: Barclays raises target price to EUR 17.5 from EUR 16.5 
* Aena AENA.MC: BofA Global Research raises PT to EUR 30.50 from EUR 25.50 
* Aena AENA.MC: BofA Global Research raises to buy from neutral
* AIB Group Plc AIBG.I: Morgan Stanley raises target price to EUR 11 from EUR 10.5 
* AIB Group Plc AIBG.I: RBC cuts to underperform from sector perform 
* Air France Klm SA AIRF.PA: Morgan Stanley raises PT to EUR 12.8 from EUR 11.5 
* Air France-KLM AIRF.PA: Barclays raises target price to EUR 12 from EUR 10 
* AJ Bell AJBA.L: RBC raises target price to 600p from 550p 
* Amundi SA AMUN.PA: Barclays raises PT to EUR 84 from EUR 76 
* Anglo American Plc AAL.L: Barclays raises PT to 4200p from 4000p 
* Antofagasta ANTO.L: Barclays raises target price to 3800p from 3350p 
* Antofagasta ANTO.L: Morgan Stanley raises target price to 3570p from 3470p 
* Aperam SA APAM.AS: Exane BNP Paribas cuts to underperform from neutral 
* ArcelorMittal MT.AS: Barclays raises target price to EUR 55 from EUR 45 
* ArcelorMittal MT.AS: UBS raises target price to EUR 59 from EUR 45 
* Ashmore Group Plc ASHM.L: Barclays raises target price to 185p from 175p 
* ASML ASML.AS: KBC Securities raises PT to EUR 1400 from EUR 1175; rating "hold" 
* ASR Nederland NV ASRNL.AS: Berenberg raises target price to EUR 81 from EUR 74 
* Atlas Copco AB ATCOa.ST: UBS raises target price to SEK 195 from SEK 150 
* Atlas Copco AB ATCOa.ST: UBS raises to neutral from sell 
* Atoss Software SE AOFG.DE: Berenberg cuts target price to EUR 135 from EUR 150 
* Aurubis AG NAFG.DE: Morgan Stanley cuts target price to EUR 177 from EUR 181 
* Avanza Bank AVANZ.ST: Jefferies initiates coverage with target price SEK 335 
* Avanza Bank AVANZ.ST: Jefferies initiates coverage with underperform rating
* Barry Callebaut BARN.S: Deutsche Bank cuts target price to CHF 960 from CHF 1000 
* Bawag Group BAWG.VI: Deutsche Bank raises target price to EUR 188 from EUR 175 
* Biomar BIOMAR.CO: Morgan Stanley initiates coverage with equal weight rating
* Biomar BIOMAR.CO: Morgan Stanley initiates coverage with target price DKK 121 
* Boliden BOL.ST: Barclays raises target price to SEK 700 from SEK 650 
* Boliden BOL.ST: Morgan Stanley cuts target price to SEK 482 from SEK 513 
* Burkhalter Holding AG BRKN.S: UBS raises target price to CHF 140 from CHF 133 
* Castellum AB CAST.ST: UBS cuts to neutral from buy 
* Castellum AB CAST.ST: UBS raises target price to SEK 145 from SEK 140 
* Cicor Technologies Ltd CICN.S: Kepler Cheuvreux cuts PT to CHF 165 from CHF 175 
* Credito Emiliano EMBI.MI: Kepler Cheuvreux raises PT to EUR 17 from EUR 16.2 
* Cvc Capital Partners Plc CVC.AS: Barclays cuts PT to EUR 18 from EUR 18.1 
* Daimler Truck DTGGe.DE: Barclays raises target price to EUR 55 from EUR 45 
* Daimler Truck DTGGE.DE: Barclays raises to overweight from equal-weight 
* Demant DEMANT.CO: BofA Global Research raises PT to DKK 310 from DKK 280 
* Deutsche Lufthansa AG LHAG.DE: Barclays raises target price to EUR 7.75 from EUR 6.8 
* Deutsche Lufthansa AG LHAG.DE: Citigroup cuts to sell from neutral
* Deutsche Lufthansa AG LHAG.DE: Citigroup raises target price to EUR 8.7 from EUR 8.2 
* DHL Group DHLn.DE: Deutsche Bank raises target price to EUR 60 from EUR 56 
* DSM-Firmenich AG DSFIR.AS: Jefferies raises target price to EUR 95 from EUR 77 
* DSV DSV.CO: Citigroup raises target price to DKK 1,928 from DKK 1,896 
* DWS Group DWSG.DE: Barclays raises target price to EUR 65 from EUR 59 
* EasyJet EZJ.L: Barclays raises target price to 690p from 570p 
* Endeavour Mining EDV.L: Barclays cuts target price to 4525p from 5250p 
* Endeavour Mining EDV.L: Morgan Stanley cuts target price to 4590p from 5290p 
* Everplay Group Plc EVPL.L: Barclays cuts target price to 315p from 330p 
* Finnair FIA1S.HE: Barclays raises target price to EUR 4 from EUR 3.6 
* First Quantum Minerals Ltd FM.TO: Morgan Stanley cuts PT to C$45.2 from C$46.3 
* Flatexdegiro FTKn.DE: Barclays raises target price to EUR 42 from EUR 41 
* Flatexdegiro SE FTKn.DE: UBS raises target price to EUR 46.5 from EUR 43 
* Forvia SE FRVIA.PA: Citigroup raises to buy from neutral 
* Fresnillo Plc FRES.L: Morgan Stanley cuts target price to 2090p from 2490p 
* Galderma Group AG GALD.S: RBC raises target price to CHF 175 from CHF 155 
* Glencore GLEN.L: Barclays raises target price to 635p from 625p 
* Glencore GLEN.L: Morgan Stanley cuts target price to 590p from 610p 
* Grafton Group GFTU_u.L: Berenberg raises target price to 1150p from 1000p 
* Halma HLMA.L: BofA Global Research reinstates coverage with buy rating
* Halma HLMA.L: BofA Global Research reinstates coverage with price objective 4,600p 
* Heineken NV HEIN.AS: Morgan Stanley raises target price to EUR 78 from EUR 75 
* Hochschild Mining HOCM.L: Barclays cuts target price to 700p from 755p 
* Holmen AB HOLMb.ST: Morgan Stanley cuts target price to SEK 320 from SEK 330 
* HSBC HSBA.L: Morgan Stanley raises target price to 1527p from 1463p 
* IAG ICAG.L: Citigroup raises target price to 610p from 600p 
* Iberdrola IBE.MC: HSBC raises target price to EUR 23.1 from EUR 21.2 
* ICG Plc ICGIN.L: Barclays raises target price to 2635p from 2405p 
* IMI Plc IMI.L: JP Morgan raises target price to 3300p from 3050p 
* Integrafin Holdings Plc IHPI.L: RBC raises target price to 500p from 450p 
* International Airlines Group ICAG.L: Barclays raises target price to 575p from 470p 
* Jenoptik AG JENGn.DE: Jefferies raises target price to EUR 45 from EUR 38 
* Jeronimo Martins JMT.LS: Kepler Cheuvreux cuts target price to EUR 20.4 from EUR 21.55 
* Jeronimo Martins JMT.LS: Kepler Cheuvreux raises to buy from hold
* Jet2 Plc JET2.L: Canaccord Genuity cuts target price to 1,750p from 1,900p 
* Keller Group Plc KLR.L: Deutsche Bank raises target price to 3150p from 2400p 
* KGHM Polska Miedz SA KGH.WA: Morgan Stanley cuts target price to PLN 340 from PLN 416 
* KGHM Polska Miedz SA KGH.WA: Morgan Stanley cuts to equal weight from overweight 
* Kuros Biosciences AG KURN.S: Berenberg initiates coverage with buy rating 
* Kuros Biosciences AG KURN.S: Berenberg initiates coverage with target price CHF 32 
* Man Group Plc EMG.L: Barclays raises target price to 345p from 310p 
* Man Group Plc EMG.L: UBS cuts to neutral from buy 
* Man Group Plc EMG.L: UBS raises target price to 320p from 290p 
* Natwest Group NWB_pa.L: Morgan Stanley raises target price to 740p from 700p 
* Nordnet SAVE.ST: Jefferies initiates coverage with hold rating
* Nordnet SAVE.ST: Jefferies initiates coverage with target price SEK 385 
* Norsk Hydro ASA NHY.OL: Morgan Stanley cuts target price to NOK 93 from NOK 99 
* Norwegian Air Shuttle As NAS.OL: Barclays cuts target price to NOK 20 from NOK 21 
* Novonesis NSISb.CO: JP Morgan raises target price to DKK 520 from DKK 500 
* Orange SA ORAN.PA: Kepler Cheuvreux raises target price to EUR 20.2 from EUR 19.3 
* Orange SA ORAN.PA: Kepler Cheuvreux raises to buy from hold 
* Pandora A/S PNDORA.CO: HSBC raises target price to DKK 880 from DKK 530 
* Partners Group Holding AG PGHN.S: Barclays cuts target price to CHF 940 from CHF 1200 
* Pirelli and C.SpA PIRC.MI: Citigroup cuts to neutral from buy
* Pirelli and C.SpA PIRC.MI: Citigroup raises target price to EUR 7.5 from EUR 7.4 
* Quilter Plc QLT.L: RBC raises target price to 235p from 225p 
* Raspberry PI Holdings Plc RPI.L: Peel Hunt raises target price to 1085p from 460p 
* Repsol REP.MC: HSBC raises target price to EUR 26.5 from EUR 25.5 
* Rheinmetall AG RHMG.DE: Berenberg cuts target price to EUR 1600 from EUR 1750 
* Rio Tinto Plc RIO.L: Barclays raises target price to 6700p from 6600p 
* Rio Tinto Plc RIO.L: Morgan Stanley cuts target price to 6810p from 6920p 
* Rio Tinto Plc RIO.L: Morgan Stanley cuts to underweight from equal weight 
* RWE RWEG.DE: UBS raises target price to EUR 66 from EUR 65 
* Ryanair RYA.I: Barclays raises target price to EUR 30 from EUR 29 
* Sabadell SABE.MC: Goldman Sachs initiates coverage with  target price EUR 3.1 
* Sabadell SABE.MC: Goldman Sachs initiates coverage with sell rating
* Sanofi SA SASY.PA: Morgan Stanley cuts target price to EUR 86 from EUR 90 
* Scout24 SE G24n.DE: Berenberg raises target price to EUR 140 from EUR 100 
* Shawbrook Group Plc SHAW.L: RBC initiates coverage with outperform rating
* Shawbrook Group Plc SHAW.L: RBC initiates coverage with target price 475p 
* Shell SHEL.L: Citigroup cuts target price to 3200p from 3550p 
* SIG Group AG SIGNC.S: Morgan Stanley raises target price to CHF 15.2 from CHF 13.6
* SKF SKFb.ST: Citigroup raises target price to SEK 267 from SEK 246 
* Sodexo EXHO.PA: Jefferies raises target price to EUR 65 from EUR 50 
* Soitec SA SOIT.PA: JP Morgan cuts target price to EUR 92 from EUR 130 
* Solvay SOLB.BR: Kepler Cheuvreux cuts target price to EUR 29 from EUR 32 
* St. James's Place SJP.L: RBC raises target price to 1500p from 1400p 
* Standard Chartered Bank STAN.L: Morgan Stanley raises PT to 2369p from 2090p 
* Stora Enso Oyj STERV.HE: Morgan Stanley cuts target price to EUR 11.2 from EUR 11.5 
* Tele2 TEL2B.ST: Kepler Cheuvreux raises target price to SEK 195 from SEK 195 
* Tele2 TEL2B.ST: Kepler Cheuvreux raises to buy from hold 
* Traton 8TRA.DE: Barclays raises target price to EUR 40 from EUR 38 
* Travis Perkins TPK.L: Berenberg cuts target price to 580p from 620p 
* Trelleborg TRELB.ST: Kepler Cheuvreux raises target price to SEK 430 from SEK 410 
* TUI AG TUI1n.DE: Barclays raises target price to EUR 10 from EUR 9 
* Unilever ULVR.L: TD Cowen raises target price to 5060p from 4950p 
* UPM-Kymmene Oyj UPM.HE: Morgan Stanley cuts target price to EUR 29 from EUR 30 
* Viaplay VPLAYB.ST: Kepler Cheuvreux raises target price to SEK 1.5 from SEK 1.45 
* Viaplay VPLAYB.ST: Kepler Cheuvreux raises to buy from hold 
* Victrex Plc VCTX.L: Berenberg raises target price to 680p from 600p 
* Volvo AB VOLVb.ST: Barclays raises target price to SEK 290 from SEK 280 
* Wizz Air WIZZ.L: Barclays raises target price to 1450p from 1150p 


 (Compiled by Bengaluru Newsroom)
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