Europe Research Roundup: Admiral, Galderma Group, Trainline

Temenos AG

28/07/2026 08:24

July 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Admiral, Galderma Group and Trainline on Tuesday. 

HIGHLIGHTS   
* Admiral ADML.L: Citigroup raises to buy from neutral
* Galderma Group AG GALD.S: Berenberg raises target price to CHF 204 from CHF 200 
* Michelin MICP.PA: JP Morgan raises target price to EUR 35 from EUR 30 
* Lisi SA GFII.PA: Berenberg raises target price to EUR 82 from EUR 81  
* Trainline TRNT.L: Jefferies initiates coverage with buy rating 

Following is a summary of research actions on European companies reported by Reuters on Tuesdsy. Stock entries are in alphabetical order. 

* Aalberts AALB.AS: Kepler Cheuvreux raises target price to EUR 54 from EUR 51 
* AB Dynamics Plc ABDP.L: Peel Hunt cuts target price to 1800p from 2400p 
* AB Dynamics Plc ABDP.L: Stifel cuts target price to 2000p from 2650p 
* Admiral ADML.L: Citigroup raises target price to 4243p from 3277p 
* Admiral ADML.L: Citigroup raises to buy from neutral
* Admiral ADML.L: Peel Hunt raises target price to 2620p from 2350p 
* Aj Bell AJBA.L: Berenberg raises target price to 590p from 560p 
* Antofagasta ANTO.L: Peel Hunt raises target price to 3610p from 3305p 
* Argenx SE ARGX.BR: Bernstein raises target price to EUR 986 from EUR 877 
* Banco Comercial Portugues SA BCP.LS: Morgan Stanley raises PT to EUR 0.96 from EUR 0.89 
* Bankinter BKT.MC: Deutsche Bank raises target price to EUR 17.5 from EUR 16.1 
* Beneteau CHBE.PA: Kepler Cheuvreux cuts target price to EUR 6 from EUR 7 
* Beneteau SA CHBE.PA: UBS cuts target price to EUR 6.85 from EUR 7.1 
* Bergman & Beving AB BERGb.ST: Berenberg cuts target price to SEK 385 from SEK 390 
* BNP Paribas BNPP.PA: Goldman Sachs raises target price to EUR 136 from EUR 122 
* BNP Paribas BNPP.PA: JP Morgan raises target price to EUR 119 from EUR 110 
* Danske Bank DANSKE.CO: Jefferies raises target price to DKK 395 from DKK 380 
* Datwyler DAE.S: UBS cuts target price to CHF 181 from CHF 201 
* DCC DCC.L: Deutsche Bank raises target price to 6650p from 6000p 
* Deutsche Lufthansa AG LHAG.DE: Citigroup cuts target price to EUR 8.6 from EUR 8.7 
* Diploma Plc DPLM.L: Morgan Stanley raises target price to 8700p from 8250p 
* Dogus Otomotiv DOAS.IS: HSBC cuts target price to TRY 200 from TRY 260 
* EasyJet EZJ.L: Morgan Stanley raises target price to 715p from 690p 
* Essentra Plc ESNT.L: RBC raises target price to 140p from 130p 
* Essity ESSITYa.ST: Goldman Sachs cuts PT  to SEK 255 from SEK 270 
* Essity ESSITYa.ST: Goldman Sachs cuts to sell from neutral
* Eurofins Scientific SE EUFI.PA: Morgan Stanley raises PT to EUR 68.5 from EUR 67.5 
* Eutelsat ETL.PA: Bernstein raises target price to EUR 2.9 from EUR 2.7 
* Everplay Group Plc EVPL.L: Panmure Liberum cuts target price to 245p from 270p 
* FMC AG FMEG.DE: Exane BNP Paribas cuts to underperform from neutral 
* Ford Otosan FROTO.IS: HSBC cuts target price to TRY 90 from TRY 130 
* Ford Otosan FROTO.IS: HSBC cuts to hold from buy 
* Fraport AG Frankfurt Airport FRAG.DE: Morgan Stanley cuts PT to EUR 78 from EUR 82 
* Galderma Group AG GALD.S: Berenberg raises target price to CHF 204 from CHF 200 
* Getlink GETP.PA: JP Morgan raises target price to EUR 19 from EUR 18 
* Greencore GNC.L: RBC raises target price to 345p from 330p
* Hermes International S.C.A. HRMS.PA: Morgan Stanley cuts PT to EUR 1850 from EUR 1930 
* Iberdrola IBE.MC: Bernstein raises target price to EUR 20 from EUR 19.8 
* Inwido INWI.ST: Berenberg raises target price to SEK 240 from SEK 235 
* ITV Plc ITV.L: Deutsche Bank cuts target price to 85p from 90p 
* K+S SDFGn.DE: Exane BNP Paribas raises to outperform from underperform 
* Kenmare Resources Plc KMR.L: Peel Hunt cuts target price to 300p from 325p 
* Kuehne+Nagel KNIN.S: Deutsche Bank raises target price to CHF 196 from CHF 183 
* Lisi SA GFII.PA: Berenberg raises target price to EUR 82 from EUR 81 
* Lonza LONN.S: Deutsche Bank raises target price to CHF 697 from CHF 656 
* Luceco Plc LUCEL.L: Berenberg raises target price to 300p from 270p 
* Luceco Plc LUCEL.L: Peel Hunt raises target price to 300p from 280p 
* LVMH LVMH.PA: Barclays raises target price to EUR 620 from EUR 600 
* LVMH LVMH.PA: RBC cuts target price to EUR 575 from EUR 600 
* LVMH Moet Hennessy Louis Vuitton LVMH.PA: Morgan Stanley cuts PT to EUR 520 from EUR 540 
* LVMH Moet Hennessy Louis Vuitton LVMH.PA: UBS cuts PT to EUR 645 from EUR 650 
* Maire MTCM.MI: Bernstein initiates coverage with market-perform rating
* Maire MTCM.MI: Bernstein initiates coverage with PT EUR 15 
* Metso Corporation METSO.HE: Morgan Stanley raises PT to EUR 17 from EUR 16.5 
* Michelin MICP.PA: Deutsche Bank raises target price to EUR 37 from EUR 36 
* Michelin MICP.PA: Jefferies raises target price to EUR 40 from EUR 35 
* Michelin MICP.PA: JP Morgan raises target price to EUR 35 from EUR 30 
* Mony Group MONY.L: Berenberg cuts target price to 250p from 275p 
* Munters MTRS.ST: Berenberg raises target price to SEK 200 from SEK 185 
* Neste NESTE.HE: Deutsche Bank raises PT to EUR 33 from EUR 31 
* Pensionbee Group Plc PBEE.L: RBC raises to outperform from sector perform 
* Renishaw RSW.L: Deutsche Bank raises target price to 5600p from 4960p 
* Restore Plc RSTP.L: Berenberg raises target price to 430p from 380p 
* Richemont CFR.S: Morgan Stanley cuts target price to CHF 220 from CHF 225
* Rio Tinto RIO.L: JP Morgan cuts target price to 8,200p from 8,270p 
* Rotork ROR.L: UBS raises target price to 503p from 343p 
* Sabre Insurance Group Plc SBRE.L: Peel Hunt cuts to add from buy
* Sabre Insurance Group Plc SBRE.L: Peel Hunt raises target price to 200p from 195p 
* Sartorius Stedim Biotech SA STDM.PA: Bernstein cuts PT to EUR 230 from EUR 245 
* SCA AB SCAb.ST: Citigroup raises target price to SEK 110 from SEK 106 
* Scandinavian Tobacco Group STOGR.CO: Deutsche Bank raises PT to DKK 79 from DKK 77 
* Scandinavian Tobacco Group A/S STOGR.CO: Deutsche Bank raises to buy from hold 
* Schweiter Technologies AG SWTQ.S: Baader Helvea raises PT to CHF 383 from CHF 289 
* Schweiter Technologies AG SWTQ.S: Baader Helvea raises to buy from add
* Securitas AB SECUb.ST: Morgan Stanley raises PT to SEK 128 from SEK 125 
* SGS SA SGSN.S: Bernstein raises target price to CHF 110 from CHF 103 
* Signify LIGHT.AS: Kepler Cheuvreux cuts target price to EUR 13.2 from EUR 15.5 
* Smiths Group SMIN.L: JP Morgan raises target price to 3,100p from 2,810p 
* Soitec SA SOIT.PA: JP Morgan raises target price to EUR 98 from EUR 92 
* SSAB AB SSABa.ST: Morgan Stanley raises target price to SEK 115 from SEK 100 
* STMicroelectronics STMPA.PA: HSBC cuts target price to EUR 81 from EUR 84 
* Swiss Re AG SRENH.S: JP Morgan cuts target price to CHF 125 from CHF 140
* Swiss Re AG SRENH.S: JP Morgan cuts to underweight from neutral
* Talanx AG TLXGn.DE: Goldman Sachs initiates coverage with buy rating 
* Temenos AG TEMN.S: Baader Europe cuts to add from buy 
* Temenos AG TEMN.S: JP Morgan cuts target price to CHF 90 from CHF 95
* Temenos AG TEMN.S: Alphavalue cuts to add from buy
* Thales TCFP.PA: Berenberg raises target price to EUR 275 from EUR 265 
* Thales TCFP.PA: BofA Global Research raises price objective to EUR 303 from EUR 293 
* Thales SA TCFP.PA: Morgan Stanley raises target price to EUR 264 from EUR 253 
* Tofas TOASO.IS: HSBC cuts target price to TRY 380 from TRY 435 
* Trainline TRNT.L: Jefferies initiates coverage with buy rating
* Trainline TRNT.L: Jefferies initiates coverage with price target 350p 
* Turk Traktor TTRAK.IS: HSBC cuts target price to TRY 460 from TRY 500 
* Unicredit CRDI.MI: Citigroup raises target price to EUR 88.4 from EUR 84 
* Unilever ULVR.AS: Degroof Petercam raises target price to EUR 60 from EUR 58 
* Unite Group UTG.L: Stifel raises target price to 550p from 485p 
* UPM UPM.HE: Berenberg raises target price to EUR 23.5 from EUR 22.5 
* Veolia VIE.PA: Morgan Stanley cuts target price to EUR 38 from EUR 39 
* Vesuvius Plc VSVS.L: Exane BNP Paribas cuts PT to 420p from 500p 
* Vesuvius Plc VSVS.L: Exane BNP Paribas cuts to neutral from outperform
* Vimian Group AB VIMIAN.ST: UBS raises target price to SEK 35 from SEK 31 
* Volkswagen AG VOWG_p.DE: Berenberg cuts target price to EUR 100 from EUR 113 
* Xvivo Perfusion AB XVIVO.ST: Stifel cuts target price to SEK 353 from SEK 362 

 (Compiled by Bengaluru Newsroom)
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