Europe Research Roundup: Anglo American, Rio Tinto, Unilever

Tryg A/S

23/07/2024 08:16

July 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Anglo American,
Rio Tinto and Unilever, on Tuesday.
    
    HIGHLIGHTS
                 * Anglo American Plc  AAL.L : HSBC cuts target price to 2300p from 2450p 
 
                 * Antofagasta Plc  ANTO.L : HSBC raises target price to 1400p from 1100p 
 
                 * Belimo Holding AG  BEAN.S : Jefferies raises target price to CHF 598 from CHF 498 
 
                 * Rio Tinto  RIO.L : HSBC raises target price to 5750p from 5550p 
 
                 * Unilever  ULVR.L : TD Cowen initiates coverage with buy rating; target price 5,200p 
 
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. 
    
                 * ABB Ltd  ABBN.S : TD Cowen cuts target price to CHF 44 from CHF 46 
 
                 * Anglo American Plc  AAL.L : HSBC cuts target price to 2300p from 2450p 
 
                 * Antofagasta Plc  ANTO.L : HSBC raises target price to 1400p from 1100p 
 
                 * Beijer Ref  BEIJb.ST : Jefferies raises target price to SEK 200 from SEK 170 
 
                 * Belimo Holding AG  BEAN.S : Jefferies raises target price to CHF 598 from CHF 498 
 
                 * Danske Bank  DANSKE.CO : Jefferies raises target price to DKK 232 from DKK 223 
 
                 * DO & CO AG  DOCO.VI : Jefferies raises target price to EUR 200 from EUR 160 
 
                 * EQT AB  EQTAB.ST : Jefferies raises target price to SEK 380 from SEK 375 
 
                 * Evoke Plc  EVOK.L : JP Morgan cuts target price to 72p from 120p 
 
                 * Exosens Sas  EXENS.PA : JP Morgan initiates coverage with overweight rating; PT EUR 27 
 
                 * Glencore Plc  GLEN.L : HSBC cuts target price to 435p from 455p 
 
                 * Publicis Groupe  PUBP.PA : HSBC raises target price to EUR 118 from EUR 117 
 
                 * Rio Tinto  RIO.L : HSBC raises target price to 5750p from 5550p 
 
                 * Rio Tinto  RIO.L : HSBC raises to buy from hold 
 
                 * Ryanair  RYA.I : HSBC cuts target price to EUR 12.5 from EUR 16.5 
 
                 * Ryanair  RYA.I : JP Morgan cuts target price to EUR 16.50 from EUR 25 
 
                 * Telenor ASA  TEL.OL : JP Morgan raises target price to NOK 165 from NOK 160 
 
                 * Tryg  TRYG.CO : Jefferies raises target price to DKK 177 from DKK 171 
 
                 * Unilever  ULVR.L : TD Cowen initiates coverage with buy rating; target price 5,200p 
 
                 * Wartsila Oyj Abp  WRT1V.HE : JP Morgan raises PT to EUR 13.10 from EUR 10.90 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))