Europe Research Roundup: Adidas, Powercell Sweden, Schneider Electric

Software AG

11/10/2022 07:56

Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Adidas, Powercell Sweden and Schneider Electric, on
Tuesday. 
    HIGHLIGHTS  
     * Adidas AG  ADSGn.DE : Credit Suisse cuts target price to EUR 125 from EUR 145
     * Powercell Sweden AB (Publ)  PCELL.ST : Jefferies cuts to hold from buy
     * Schneider Electric  SCHN.PA : Jefferies cuts target price to EUR 115 from EUR 120
 Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
     * Adidas AG  ADSGn.DE : Credit Suisse cuts target price to EUR 125 from EUR 145
     * Anglo American  AAL.L : Credit Suisse raises target price to 3440p from 3290p
     * Antofagasta  ANTO.L : Credit Suisse cuts target price to 1020p from 1040p
     * Arkema SA  AKE.PA : Jefferies cuts target price to EUR 130 from EUR 142
     * Cellnex Telecom SA  CLNX.MC : RBC cuts target price to EUR 38 from EUR 57
     * Ceres Power Holdings Plc  CWR.L : Jefferies cuts target price to 365p from 700p
     * Credit Suisse Group AG  CSGN.S : Jefferies cuts target price to CHF 4.4 from CHF 5
     * Faurecia  EPED.PA : Berenberg cuts target price to EUR 26 from EUR 29
     * Glencore  GLEN.L : Credit Suisse raises target price to 760p from 720p
     * Glenveagh Properties Plc  GLV.I : Barclays starts with overweight rating; PT EUR 1.20
     * Heidelbergcement AG  HEIG.DE : JP Morgan cuts target price to EUR 46 from EUR 47
     * ING Groep NV  INGA.AS : RBC raises target price to EUR 11.75 from EUR 11.50
     * Instone Real Estate Group SE  INS2.DE : Barclays starts with underweight rating; PT EUR
 7.50
     * Italy's Prysmian  PRY.MI : JP Morgan raises target price to EUR 41 from EUR 39
     * ITM Power Plc  ITM.L : Jefferies cuts target price to 185p from 370p
     * Johnson Matthey  JMAT.L : JP Morgan cuts target price to 2150p from 2600p
     * Mapfre  MAP.MC : Credit Suisse raises target price to EUR 1.6 from EUR 1.52
     * Neinor Homes SA  HOME.MC : Barclays starts with underweight rating; target price EUR 8.20
     * Nel ASA  NEL.OL : Jefferies cuts target price to NOK 19 from NOK 23
     * Nexity SA  NEXI.PA : Barclays starts with overweight rating; target price EUR 25
     * Norma Group SE  NOEJ.DE : Berenberg cuts target price to EUR 36 from EUR 42
     * Oxford Biomedica Plc  OXB.L : RBC raises target price to 1110p from 1020p
     * Powercell Sweden AB (Publ)  PCELL.ST : Jefferies cuts to hold from buy
     * Powercell Sweden AB (Publ)  PCELL.ST : Jefferies cuts target to SEK 135 from SEK 240
     * Rightmove  RMV.L : Credit Suisse cuts target price to 490p from 608p
     * Rio Tinto  RIO.L : Credit Suisse raises target price to 5800p from 5600p
     * Schneider Electric  SCHN.PA : Jefferies cuts target price to EUR 115 from EUR 120
     * Severn Trent  SVT.L : Credit Suisse cuts target price to 2680p from 2800p
     * Sika AG  SIKA.S : JP Morgan cuts target price to CHF 206 from CHF 214
     * Sirius Real Estate Ltd  SRET.L : HSBC cuts target price to 124p from 138p
     * Software AG  SOWGn.DE : JP Morgan cuts target price to EUR 26 from EUR 40
     * Spie SA  SPIE.PA : JP Morgan cuts target price to EUR 27 from EUR 28
     * Traton SE  8TRA.DE : Jefferies cuts target price to EUR 13.5 from EUR 15
     * UBS Group AG  UBSG.S : Credit Suisse cuts target price to CHF 22 from CHF 22.50
     * Unicredit  CRDI.MI : Jefferies raises target price to EUR 17.5 from EUR 17
     * Wise Plc  WISEa.L : Credit Suisse raises target price to 470p from 420p
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))