Europe Research Roundup: Adidas, Heineken, Novartis
25/04/2019 07:59
April 25 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Adidas, Heineken and Novartis, on Thursday.
HIGHLIGHTS
* Adidas AG ADSGn.DE : Credit Suisse cuts to neutral from outperform
* EDP EDP.LS : RBC cuts to underperform from sector perform
* EDPR EDPR.LS : RBC raises to outperform from sector perform
* Heineken NV HEIN.AS : CFRA cuts to hold from buy
* Novartis AG NOVN.S : Liberum raises to buy rating
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Acerinox SA ACX.MC : JP Morgan cuts target price to EUR 8.9 from EUR 10
* Adidas AG ADSGn.DE : Credit Suisse cuts to neutral from outperform
* Akbank AKBNK.IS : Credit Suisse raises target price to TL 8.38 from TL 7.79
* Aperam SA APAM.AS : JP Morgan cuts target price to EUR 33 from EUR 36
* ArcelorMittal SA MT.AS : JP Morgan cuts target price to EUR 23 from EUR 26.50
* Bouygues BOUY.PA : JP Morgan cuts target price to EUR 42.5 from EUR 46
* CRH Plc CRH.I : CFRA raises target price to EUR 35 from EUR 32
* EDP EDP.LS : RBC cuts to underperform from sector perform
* EDP EDP.LS : RBC cuts price target to EUR 2.70 from EUR 3.26
* EDPR EDPR.LS : RBC raises to outperform from sector perform
* EDPR EDPR.LS : RBC raises price target to EUR 9.75 from EUR 8.20
* Euskaltel SA EKTL.MC : JP Morgan raises target price to EUR 9.4 from EUR 8.8
* Eutelsat ETL.PA : Credit Suisse cuts target price to EUR 18 from EUR 19
* Garanti Bankasi GARAN.IS : Credit Suisse raises target price to TL 12.19 from TL 10.96
* GB Group Plc GBGP.L : Berenberg raises target price to 670p from 650p
* Halk Bankasi HALKB.IS : Credit Suisse cuts target price to TL 6.44 from TL 7.17
* Heineken NV HEIN.AS : CFRA cuts to hold from buy
* Henkel AG & Co KGaA HNKG_p.DE : Jefferies raises price target to EUR 101 from EUR 96
* Michelin MICP.PA : Credit Suisse raises target price to EUR 112 from EUR 107
* Novartis AG NOVN.S : CFRA cuts target price to SFR 86 from SFR 95
* Novartis AG NOVN.S : JP Morgan cuts target price to SFR 78 from SFR 85
* Novartis AG NOVN.S : Liberum raises price target to SFR 91 from SFR 88
* Novartis AG NOVN.S : Liberum raises to buy rating
* Outokumpu Oyj OUT1V.HE : JP Morgan raises target price to EUR 3.3 from EUR 3.2
* Randstad Holding NV RAND.AS : Credit Suisse raises target price to EUR 50 from EUR 44
* Ricardo Plc RCDO.L : Liberum cuts target price to 900p from 1130p
* Salzgitter AG SZGG.DE : JP Morgan cuts target price to EUR 25.5 from EUR 26.5
* Sap SE SAPG.DE : JP Morgan raises target price to EUR 130 from EUR 110
* SES SA SESFd.PA : Credit Suisse cuts target price to EUR 18 from EUR 20
* Spire Healthcare Group Plc SPI.L : Jefferies cuts target price to 98p from 100p
* SSAB AB SSABa.ST : JP Morgan cuts target price to SEK 35.5 from SEK 37
* SSAB AB SSABb.ST : JP Morgan cuts target price to SEK 30.5 from SEK 31.5
* STMicroelectronics STM.PA : JP Morgan raises target price to EUR 20 from EUR 15
* STMicroelectronics NV STM.PA : Credit Suisse raises price target to EUR 19 from EUR 17.20
* Tele Columbus AG TC1n.DE : JP Morgan cuts target price to EUR 2.5 from EUR 3
* Telefonica TEF.MC : JP Morgan cuts target price to EUR 6.6 from EUR 6.8
* Telefonica Deutschland O2Dn.DE : JP Morgan raises target price to EUR 3.7 from EUR 3.6
* ThyssenKrupp TKAG.DE : JP Morgan cuts target price to EUR 13 from EUR 16
* Turkiye Sinai Kalkinma Bankasi TSKB.IS : Credit Suisse raises TP to TL 1.28 from TL 1.18
* Vakifbank VAKBN.IS : Credit Suisse raises target price to TL 4.91 from TL 4.66
* Vodafone Group Plc VOD.L : JP Morgan cuts target price to 209p from 227p
* Voestalpine AG VOES.VI : JP Morgan raises target price to EUR 32 from EUR 29.5
(Compiled by Bengaluru Newsroom)
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