Europe Research Roundup: Bayer, Nexans, Wartsila

Siltronic AG

01/07/2026 08:20

July 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bayer, Nexans and Wartsila, on Wednesday. 

HIGHLIGHTS
    
* Bayer AG BAYGn.DE: Alphavalue raises to add from reduce 
* DSM-Firmenich AG DSFIR.AS: Citigroup raises target price to EUR 99 from EUR 87 
* Nexans NEXS.PA: JP Morgan raises target price to EUR 160 from EUR 140 
* Pandora PNDORA.CO: JP Morgan raises target price to DKK 650 from DKK 575 
* Wartsila WRT1V.HE: JP Morgan raises to neutral from underweight
    
Following is a summary of research actions on European companies reported by Reuters on Wednesday. Stock entries are in alphabetical order. 
* 3I Group Plc III.L: UBS raises target price to 2900p from 2700p 
* A.P. Moller-Maersk MAERSKb.CO: Deutsche Bank raises PT to DKK 14030 from DKK 12970 
* Aberdeen Group Plc ABDN.L: BofA Global Research raises price objective to 235p from 215p 
* Adidas AG ADSGn.DE: Goldman Sachs raises target price to EUR 185 from EUR 165 
* Air Liquide AIRP.PA: BofA Global Research raises price objective to EUR 200 from EUR 159 
* Air Liquide AIRP.PA: BofA Global Research raises to buy from underperform 
* Anheuser-Busch Inbev ABI.BR: Deutsche Bank raises target price to EUR 70 from EUR 68 
* Antofagasta ANTO.L: RBC cuts target price to 2700p from 2800p 
* Ashmore ASHM.L: BofA Global Research raises price objective to 175p from 165p 
* ASM International ASMI.AS: UBS raises target price to EUR 1150 from EUR 1000 
* ASOS Plc ASOS.L: JP Morgan raises target price to 330p from 285p 
* Banco Comercial Portugues SA BCP.LS: Barclays raises PT to EUR 1.11 from EUR 1.1 
* Barclays BARC.L: Kepler Cheuvreux raises target price to 575p from 560p 
* Barratt Redrow BTRW.L: Kepler Cheuvreux cuts target price to 340p from 485p 
* Barry Callebaut AG BARN.S: Morgan Stanley raises PT to CHF 1370 from CHF 1350 
* Bayer AG BAYGn.DE: Alphavalue raises to add from reduce 
* Beiersdorf AG BEIG.DE: Morgan Stanley cuts target price to EUR 71 from EUR 73 
* Bellway BWY.L: Kepler Cheuvreux cuts target price to 2570p from 3300p 
* Beneteau SA CHBE.PA: UBS cuts target price to EUR 7.1 from EUR 7.35 
* Berkeley Group BKGH.L: Kepler Cheuvreux cuts PT to 3100p from 3900p 
* Berkeley Group BKGH.L: Kepler Cheuvreux cuts to reduce from hold 
* Bkw AG BKWB.S: UBS cuts target price to CHF 145 from CHF 160 
* Bucher BUCN.S: Kepler Cheuvreux cuts target price to CHF 330 from CHF 360 
* Bytes Technology Group Plc BYIT.L: Peel Hunt raises target price to 469p from 375p 
* Carlsberg CARLb.CO: Deutsche Bank raises target price to DKK 1220 from DKK 1180 
* Carlsberg A/S CARLb.CO: Morgan Stanley cuts target price to DKK 1030 from DKK 1035 
* Clarkson Plc CKN.L: Canaccord Genuity raises to buy from hold 
* CMC Markets Plc CMCX.L: Panmure Liberum raises to buy from hold 
* CMC Markets Plc CMCX.L: Panmure Liberum raises target price to 700p from 380p 
* Ctp NV CTPNV.AS: Exane BNP Paribas initiates coverage with outperform rating
* Ctp NV CTPNV.AS: Exane BNP Paribas initiates coverage with price target EUR 21 
* Daimler Truck Holding AG DTGGe.DE: UBS cuts target price to EUR 45 from EUR 46 
* Davide Campari Milano NV CPRI.MI: Morgan Stanley raises PT to EUR 6.2 from EUR 6.1 
* Deutsche Telekom AG DTEGn.DE: Barclays cuts target price to EUR 36.5 from EUR 39.5 
* Dormakaba Holding AG DOKA.S: Deutsche Bank raises PT to CHF 78 from CHF 77 
* DSM-Firmenich AG DSFIR.AS: Citigroup raises target price to EUR 99 from EUR 87 
* Endesa SA ELE.MC: Morgan Stanley raises target price to EUR 37 from EUR 34 
* Foresight Group FSGF.L: Deutsche Bank raises target price to 700p from 675p 
* Forvia FRVIA.PA: Deutsche Bank cuts target price to EUR 10.5 from EUR 14.5 
* Gecina SA GFCP.PA: Exane BNP Paribas initiates coverage with price target EUR 70 
* Gecina SA GFCP.PA: Exane BNP Paribas initiates coverage with underperform rating 
* Guardian Metal Resources Plc GMET.L: BMO cuts target price to 325p from 450p 
* Heidelberg Materials AG HEIG.DE: Deutsche Bank cuts PT to EUR 220 from EUR 225 
* Heineken HEIN.AS: Deutsche Bank raises target price to EUR 78 from EUR 76
* Heineken NV HEIN.AS: Barclays raises target price to EUR 103 from EUR 100 
* Iberdrola SA IBE.MC: Morgan Stanley raises target price to EUR 22 from EUR 20 
* Kerry Group Plc KYGa.I: Citigroup raises target price to EUR 85 from EUR 78 
* Klepierre LOIM.PA: Exane BNP Paribas initiates coverage with neutral rating
* Klepierre LOIM.PA: Exane BNP Paribas initiates coverage with price target EUR 36 
* LEG Immobilien LEGn.DE: Exane BNP Paribas initiates coverage with PT EUR 53 
* LEG Immobilien LEGn.DE: Exane BNP Paribas initiates coverage with underperform rating
* London stock Exchange Group LSEG.L: Deutsche Bank cuts PT to 11000p from 11900p 
* Lumo Kodit Oyj LUMO.HE: Goldman Sachs raises to buy from neutral 
* Maersk MAERSKB.CO: Kepler Cheuvreux raises target price to DKK 16666 from DKK 15050 
* Man Group Plc EMG.L: BofA Global Research raises price objective to 345p from 305p 
* Mondi MNDI.L: Barclays cuts target price to 640p from 680p 
* Nexans NEXS.PA: Jefferies cuts target price to EUR 155 from EUR 162 
* Nexans NEXS.PA: JP Morgan raises target price to EUR 160 from EUR 140 
* Nordex NDXG.DE: Deutsche Bank raises target price to EUR 61 from EUR 59 
* Novonesis NSISb.CO: Jefferies raises target price to DKK 480 from DKK 450 
* Pandora PNDORA.CO: Jefferies raises target price to DKK 650 from DKK 480 
* Pandora PNDORA.CO: JP Morgan raises target price to DKK 650 from DKK 575 
* Persimmon PSN.L: Kepler Cheuvreux cuts target price to 1500p from 1700p 
* Polar Capital Holdings Plc POLR.L: Peel Hunt raises target price to 1200p from 700p 
* Renault SA RENA.PA: Deutsche Bank cuts target price to EUR 35 from EUR 40 
* Rio Tinto RIO.L: RBC cuts target price to 6300p from 6400p 
* Rockwool A/S ROCKb.CO: Morgan Stanley raises target price to DKK 270 from DKK 263 
* Rotork Plc ROR.L: JP Morgan raises target price to 405p from 390p 
* RS Group RS1R.L: Deutsche Bank raises target price to 775p from 700p 
* RS Group RS1R.L: Deutsche Bank raises to buy from hold 
* RWE AG RWEG.DE: Berenberg raises target price to EUR 68.5 from EUR 58 
* Safran SAF.PA: Barclays raises target price to EUR 370 from EUR 330 
* Saga SAGA.L: Deutsche Bank raises target price to 795p from 600p 
* Saipem SPMI.MI: UBS raises target price to EUR 4.9 from EUR 4.7 
* Sandoz AG SDZ.S: Barclays raises target price to CHF 81 from CHF 75 
* SBM Offshore NV SBMO.AS: Morgan Stanley cuts target price to EUR 43.4 from EUR 45 
* SEGRO PLC SGRO.L: Exane BNP Paribas initiates coverage with  price target 890p 
* SEGRO PLC SGRO.L: Exane BNP Paribas initiates coverage with neutral rating
* SES SA SESFd.PA: Barclays cuts target price to EUR 7.75 from EUR 8.8 
* Shurgard Self Storage SHUR.BR: Exane BNP Paribas initiates coverage with outperform rating
* Shurgard Self Storage SHUR.BR: Exane BNP Paribas initiates coverage with PT EUR 28 
* Sika AG SIKA.S: Bernstein raises target price to CHF 190 from CHF 175 
* Sika AG SIKA.S: Goldman Sachs raises target price to CHF 210 from CHF 185 
* Siltronic AG WAFGn.DE: Jefferies cuts target price to EUR 100 from EUR 103 
* Solocal LOCAL.PA: Portzamparc initiates coverage with 'buy'; target price EUR 9.9 
* Subsea 7 SUBC.OL: Morgan Stanley raises target price to NOK 370 from NOK 350 
* TAG Immobilien TEGG.DE: Exane BNP Paribas initiates coverage with outperform rating
* TAG Immobilien TEGG.DE: Exane BNP Paribas initiates coverage with PT EUR 15.5 
* Taylor Wimpey TW.L: Kepler Cheuvreux cuts target price to 107p from 135p 
* Tecan TECN.S: UBS raises target price to CHF 208 from CHF 162 
* Tecan TECN.S: UBS raises to buy from neutral 
* Telecom Plus Plc TEP.L: Deutsche Bank cuts target price to 700p from 1300p 
* Tieto Oyj TIETO.HE: Morgan Stanley cuts target price to EUR 16 from EUR 18 
* Tritax Big Box BBOXT.L: Exane BNP Paribas initiates coverage with outperform rating
* Tritax Big Box BBOXT.L: Exane BNP Paribas initiates coverage with price target 190p 
* URW URW.PA: Exane BNP Paribas reinitiates coverage with outperform rating
* URW URW.PA: Exane BNP Paribas reinitiates coverage with price target EUR 113 
* Vallourec VLLP.PA: Morgan Stanley cuts target price to EUR 22.3 from EUR 24 
* Verbund AG VERB.VI: Morgan Stanley cuts target price to EUR 54 from EUR 56 
* Vestas VWS.CO: Deutsche Bank raises target price to DKK 200 from DKK 190 
* Vestas VWS.CO: HSBC raises target price to DKK 205 from DKK 200 
* Vestas Wind Systems VWS.CO: Kepler Cheuvreux raises PT to DKK 210 from DKK 200 
* Viridien VIRI.PA: Kepler Cheuvreux cuts target price to EUR 140 from EUR 180 
* Vistry Group VTYV.L: Kepler Cheuvreux cuts target price to 280p from 670p 
* Wartsila WRT1V.HE: JP Morgan raises raises target price to EUR 30.6 from EUR 25 
* Wartsila WRT1V.HE: JP Morgan raises to neutral from underweight
* Watches of Switzerland WOSG.L: Goldman Sachs raises target price to 750p from 680p 

 (Compiled by Bengaluru Newsroom)
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