Europe Research Roundup: Bawag Group, Natwest Group, Mersen

Siltronic AG

03/08/2026 08:19

Aug 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Bawag Group, Natwest Group and Mersen on Monday. 

HIGHLIGHTS
    
* Bawag Group AG BAWG.VI: JP Morgan raises target price to EUR 192 from EUR 190 
* Comet Holding AG COTNE.S: Berenberg raises target price to CHF 490 from CHF 480 
* Natwest Group Plc NWG.L: JP Morgan raises target price to 790p from 780p 
* Mersen SA CBLP.PA: Berenberg raises to buy from hold
* Reply SpA REY.MI: Berenberg raises target price to EUR 138 from EUR 135 
        
Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order. 

* Aberdeen Group Plc ABDN.L: Morgan Stanley raises target price to 217p from 210p 
* Acerinox SA ACX.MC: Morgan Stanley raises target price to EUR 19.2 from EUR 18.4 
* Airbus AIR.PA: Barclays raises target price to EUR 260 from EUR 220 
* Aixtron SE AIXGn.DE: JP Morgan cuts target price to EUR 60 from EUR 70 
* Amplifon SpA AMPF.MI: Barclays raises target price to EUR 11.5 from EUR 10.5 
* Amundi SA AMUN.PA: Morgan Stanley raises target price to EUR 94.6 from EUR 90 
* Andritz AG ANDR.VI: JP Morgan raises target price to EUR 93 from EUR 87 
* Anheuser-Busch Inbev ABI.BR: Deutsche Bank raises target price to EUR 72 from EUR 70 
* Arcadis NV ARDS.AS: Jefferies raises target price to EUR 55 from EUR 48 
* Arcelik ARCLK.IS: HSBC cuts target price to TRY 110 from TRY 130 
* Argan SA ARGAN.PA: Jefferies cuts target price to EUR 79 from EUR 80 
* Argan SA ARGAN.PA: Jefferies cuts to hold from buy
* Arkema S.A. AKE.PA: Morgan Stanley cuts target price to EUR 62 from EUR 63 
* Aviva AV.L: Morgan Stanley raises target price to 690p from 680p 
* AXA AXAF.PA: Berenberg cuts target price to EUR 77 from EUR 77.1 
* Babcock International BAB.L: Berenberg cuts target price to 1430p from 1675p 
* Banco Comercial Portugues SA BCP.LS: Barclays raises PT to EUR 1.16 from EUR 1.11 
* Bank of Ireland Group Plc BIRG.I: Morgan Stanley raises PT to EUR 19.5 from EUR 19 
* Bawag Group AG BAWG.VI: JP Morgan raises target price to EUR 192 from EUR 190 
* Brunello Cucinelli BCU.MI: Deutsche Bank raises PT to EUR 96.6 from EUR 96 
* BT BT.L: Citigroup cuts target price to 165p from 175p 
* BT Group Plc BT.L: Barclays raises target price to 165p from 160p 
* Bucher BUCN.S: UBS cuts target price to CHF 329 from CHF 338 
* Bucher Industries AG BUCN.S: Berenberg cuts target price to CHF 360 from CHF 366 
* Caixabank CABK.MC: RBC raises target price to EUR 12.5 from EUR 10.75 
* Chemring Group Plc CHG.L: Berenberg raises target price to 660p from 590p 
* Clariant CLN.S: Barclays raises target price to CHF 11.5 from CHF 8 
* Clariant CLN.S: Deutsche Bank raises target price to CHF 12.6 from CHF 7.5 
* Clariant CLN.S: Deutsche Bank raises to buy from hold 
* Comet COTNE.S: UBS cuts target price to CHF 446 from CHF 452 
* Comet Holding AG COTNE.S: Berenberg raises target price to CHF 490 from CHF 480 
* Comet Holding AG COTNE.S: JP Morgan raises target price to CHF 565 from CHF 500 
* Cucinelli BCU.MI: Berenberg raises target price to EUR 97 from EUR 95 
* Cucinelli BCU.MI: Bernstein cuts target price to EUR 104 from EUR 108 
* Diasorin SpA DIAS.MI: BofA Global Research raises PO to EUR 80 from EUR 75 
* Diasorin SpA DIAS.MI: Morgan Stanley raises target price to EUR 65 from EUR 60 
* Drax Group Plc DRX.L: RBC raises target price to 1050p from 1000p 
* DSM-Firmenich AG DSFIR.AS: JP Morgan raises target price to EUR 68 from EUR 60 
* Edenred EDEN.PA: Deutsche Bank raises target price to EUR 35 from EUR 33 
* Elis SA ELIS.PA: RBC raises target price to EUR 28 from EUR 27.5 
* Elis SA ELIS.PA: RBC raises to outperform from sector perform
* Elixirr International ELIX.L: Canaccord Genuity initiates coverage with buy rating
* Elixirr International ELIX.L: Canaccord Genuity initiates coverage with PT 1,275p 
* Endeavour Mining Plc EDV.L: Jefferies initiates coverage with buy rating
* Endeavour Mining Plc EDV.L: Jefferies initiates coverage with price target 5700p 
* Engie SA ENGIE.PA: BofA Global Research raises PO to EUR 34 from EUR 32 
* Essilorluxottica ESLX.PA: Deutsche Bank cuts target price to EUR 174 from EUR 181 
* Essilorluxottica SA ESLX.PA: Bernstein raises target price to EUR 200 from EUR 185 
* Eurobank EURBr.AT: UBS raises target price to EUR 5.1 from EUR 4.9 
* Euronext NV ENX.PA: Barclays raises target price to EUR 160 from EUR 150 
* Euronext NV ENX.PA: UBS raises target price to EUR 190 from EUR 175 
* Ferrari RACE.MI: Berenberg raises target price to EUR 384 from EUR 381 
* Ferretti SpA YACHT.MI: Berenberg cuts target price to EUR 4.4 from EUR 4.7 
* Flatexdegiro FTKn.DE: Barclays raises target price to EUR 45 from EUR 42 
* Forvia FRVIA.PA: Deutsche Bank raises target price to EUR 11 from EUR 10.5 
* Fuchs SE FPE3_p.DE: Deutsche Bank raises target price to EUR 54 from EUR 51 
* Gaztransport & Technigaz GTT.PA: UBS raises target price to EUR 230 from EUR 210 
* Gaztransport & Technigaz GTT.PA: UBS raises to buy from neutral 
* GSK GSK.L: Bernstein raises target price to 3010p from 2825p 
* Hochschild HOCM.L: Jefferies initiates coverage with buy rating
* Hochschild HOCM.L: Jefferies initiates coverage with price target 625p 
* Holcim HOLN.S: Barclays cuts target price to CHF 85 from CHF 86 
* Holcim Ltd. HOLN.S: Morgan Stanley cuts target price to CHF 78 from CHF 80 
* IAG ICAG.L: Citigroup cuts target price to 600p from 610p 
* Idorsia IDIA.S: Deutsche Bank raises target price to CHF 5.5 from CHF 4.5 
* IMI IMI.L: Deutsche Bank raises target price to 3440p from 3250p 
* ING INGA.AS: Deutsche Bank raises target price to EUR 34 from EUR 31 
* ING Groep NV INGA.AS: JP Morgan raises target price to EUR 33.10 from EUR 31.30 
* Interroll Holding AG INRN.S: Jefferies cuts target price to CHF 2000 from CHF 2400 
* Ipsen SA IPN.PA: Jefferies cuts to underperform rating 
* ISS ISS.CO: Berenberg raises target price to DKK 335 from DKK 305 
* ITV Plc ITV.L: Barclays cuts target price to 75p from 80p 
* JCDecaux JCDX.PA: Goldman Sachs raises target price to EUR 24.60 from EUR 21.50 
* JD Sports JD.L: RBC cuts to sector perform from outperform 
* Kardex Holding AG KARN.S: Jefferies cuts target price to CHF 315 from CHF 325 
* Kion Group AG KGX.DE: JP Morgan cuts target price to EUR 70 from EUR 76 
* Klepierre LOIM.PA: Citigroup raises target price to EUR 44.2 from EUR 39.7 
* Klepierre LOIM.PA: Jefferies cuts to hold from buy 
* Knorr Bremse AG KBX.DE: Morgan Stanley raises target price to EUR 118 from EUR 116 
* Koninklijke Philips N.V PHG.AS: UBS cuts target price to EUR 24 from EUR 32.5 
* Koninklijke Philips N.V PHG.AS: UBS cuts to neutral from buy 
* Krones AG KRNG.DE: Jefferies cuts target price to EUR 170 from EUR 184
* Legrand LEGD.PA: Morgan Stanley cuts target price to EUR 155 from EUR 164 
* Legrand LEGD.PA: RBC raises PT to EUR 160 from EUR 150 
* Legrand LEGD.PA: RBC raises to outperform from sector perform
* Manitou Bf SA MANP.PA: Bernstein raises target price to EUR 27 from EUR 25 
* Merlin Properties MRL.MC: Jefferies cuts target price to EUR 16 from EUR 17 
* Merlin Properties MRL.MC: Jefferies cuts to hold from buy
* Mersen SA CBLP.PA: Berenberg raises target price to EUR 50 from EUR 48 
* Mersen SA CBLP.PA: Berenberg raises to buy from hold
* Mondi MNDI.L: Deutsche Bank raises target price to 825p from 760p 
* National Grid Plc NG.L: Jefferies cuts target price to 1300p from 1410p 
* Natwest Group Plc NWG.L: Berenberg raises target price to 880p from 860p 
* Natwest Group Plc NWG.L: JP Morgan raises target price to 790p from 780p 
* Natwest Group Plc NWG.L: Morgan Stanley raises target price to 750p from 740p 
* Nordnet Bank AB SAVE.ST: Barclays raises target price to SEK 320 from SEK 310 
* OMV OMVV.VI: Barclays raises target price to EUR 57 from EUR 53 
* OMV OMVV.VI: UBS raises target price to EUR 68 from EUR 63 
* OMV AG OMVV.VI: Goldman Sachs raises target price to EUR 55 from EUR 50 
* Pan African Resources Plc PAFR.L: Jefferies initiates coverage with buy rating
* Pan African Resources Plc PAFR.L: Jefferies initiates coverage with price target 130p 
* Pearson PSON.L: Deutsche Bank raises target price to 1130p from 1033p 
* Pearson Plc PSON.L: Barclays raises target price to 1260p from 1210p 
* Pennon Group Plc PNN.L: Jefferies cuts target price to 500p from 590p 
* Puma SE PUMG.DE: Bernstein raises target price to EUR 37 from EUR 35 
* Qinetiq Group Plc QQ.L: Berenberg raises target price to 610p from 580p 
* Quest for GROWTH: KBC Securities cuts PT to EUR 3.50 from EUR 5; rating 'hold'
* Renault RENA.PA: Bernstein cuts target price to EUR 40 from EUR 43 
* Rentokil RTO.L: Morgan Stanley cuts target price to 500p from 570p 
* Rentokil RTO.L: Stifel cuts target price to 395p from 460p 
* Rentokil Initial RTO.L: Deutsche Bank cuts target price to 405p from 465p 
* Reply REY.MI: Deutsche Bank raises target price to EUR 140 from EUR 130 
* Reply SpA REY.MI: Berenberg raises target price to EUR 138 from EUR 135 
* Rightmove RMV.L: Bernstein raises target price to 573p from 563p 
* Rightmove RMV.L: Morgan Stanley cuts target price to 445p from 495p 
* Rightmove RMV.L: RBC cuts target price to 675p from 765p
* Rightmove RMV.L: UBS raises target price to 490p from 480p 
* Rightmove Plc RMV.L: Barclays raises target price to 460p from 455p 
* SEB SA SEBF.PA: Goldman Sachs raises target price to EUR 72 from EUR 65 
* Severn Trent SVT.L: Jefferies cuts to hold from buy 
* Siemens Healthineers AG SHLG.DE: Barclays cuts target price to EUR 47.5 from EUR 50 
* Siemens Healthineers AG SHLG.DE: JP Morgan raises PT to EUR 57.40 from EUR 54.30 
* Siemens Healthineers AG SHLG.DE: Morgan Stanley cuts target price to EUR 36 from EUR 37 
* Siltronic AG WAFGn.DE: Berenberg raises target price to EUR 90 from EUR 66 
* Siltronic AG WAFGn.DE: UBS raises target price to EUR 105 from EUR 82 
* Siltronic AG WAFGn.DE: UBS raises to buy from neutral 
* Soitec SA SOIT.PA: Kepler Cheuvreux raises cuts target price to EUR 150 from EUR 160 
* Soitec SA SOIT.PA: Kepler Cheuvreux raises to buy from hold
* Spineway ALSPW.PA: Portzamparc cuts PT to EUR 0.21 from EUR 0.33; rating 'buy'
* SSAB SSABa.ST: Jefferies raises PT to SEK 114 from SEK 92 
* Stellantis N.V. STLAM.MI: UBS cuts target price to EUR 5.8 from EUR 9.5 
* Stellantis N.V. STLAM.MI: UBS cuts to neutral from buy 
* Taylor Wimpey TW.L: Berenberg cuts target price to 95p from 100p 
* Taylor Wimpey TW.L: Morgan Stanley cuts target price to 60p from 65p 
* Telefonica SA TEF.MC: Barclays raises target price to EUR 3.9 from EUR 3.8 
* Telenor ASA TEL.OL: Barclays cuts target price to NOK 135 from NOK 140 
* Teleperformance TEPRF.PA: TP ICAP Midcap cuts to 'hold' from 'buy'; PT EUR 65 
* Thales TCFP.PA: Barclays raises target price to EUR 280 from EUR 270 
* UBS Group AG UBSG.S: BofA Global Research raises PO to CHF 51 from CHF 50 
* UCB SA UCB.BR: Barclays cuts target price to EUR 260 from EUR 300 
* UCB SA UCB.BR: Jefferies raises target price to EUR 220 from EUR 212
* UCB SA UCB.BR: Jefferies raises to hold from underperform
* Unicaja Banco UNI.MC: UBS raises target price to EUR 3.3 from EUR 3.15 
* Unicaja Banco SA UNI.MC: Barclays raises target price to EUR 3.2 from EUR 3.1 
* Unicaja Banco SA UNI.MC: Morgan Stanley raises target price to EUR 2.6 from EUR 2.5 
* Unite Group UTG.L: Citigroup cuts target price to 579p from 906p 
* Unite Group UTG.L: Citigroup cuts to neutral from buy
* United Utilities UU.L: Jefferies raises target price to 1350p from 1320p 
* Universal Music Group UMG.AS: Barclays cuts target price to EUR 22.5 from EUR 25 
* Vicat VCTP.PA: Barclays raises target price to EUR 101 from EUR 92 
* Vinci SGEF.PA: JP Morgan raises target price to EUR 143 from EUR 139 
* Vodafone Group Plc VOD.L: Barclays raises target price to 115p from 110p 
* Wacker Chemie AG WCHG.DE: Berenberg cuts target price to EUR 104 from EUR 110 
* Wilmington Plc WIL.L: Canaccord Genuity cuts PT to 445p from 475p 

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