EUROPE RESEARCH ROUNDUP-Close Brothers Group, IMCD, Swedish Orphan Biovitrum

Reuters
2024.02.02 15:21
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Securities analysts have revised their ratings and price targets on several European companies, including Close Brothers Group, IMCD, and Swedish Orphan Biovitrum. The revisions include target price adjustments, rating changes, and PT upgrades. The information falls under the category of Investment research-related information.

Feb 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Close Brothers Group, IMCD and Swedish Orphan Biovitrum, on Friday.

HIGHLIGHTS

  • Close Brothers Group Plc (CBRO.L) : RBC cuts to sector perform from outperform

  • DCC (DCC.L) : Berenberg raises target price to 7020p from 6520p

  • IMCD (IMCD.AS) : HSBC cuts to hold from buy

  • OCI NV (OCI.AS) : Berenberg raises to buy from hold

  • Swedish Orphan Biovitrum (SOBIV.ST) : RBC raises target price to SEK 385 from SEK 335

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

  • AB Foods (ABF.L) : Morgan Stanley cuts to equal-weight from overweight

  • AB Foods (ABF.L) : Morgan Stanley raises target price to 2500p from 2220p

  • Abrdn (ABDN.L) : HSBC raises target price to 155p from 140p

  • Adidas AG (ADSGn.DE) : JP Morgan cuts target price to EUR 227 from EUR 230

  • ASR Nederland NV (ASRNL.AS) : JP Morgan raises target price to EUR 58 from EUR 55

  • At&S (ATSV.VI) : Deutsche Bank cuts target price to EUR 30 from EUR 32

  • B&M (BMEB.L) : Morgan Stanley cuts target price to 575p from 600p

  • Banco De Sabadell (SABE.MC) : UBS raises target price to EUR 1.75 from EUR 1.65

  • BNP Paribas (BNPP.PA) : RBC cuts target price to EUR 77 from EUR 82

  • Cargotec CORP (CGCBV.HE) : Inderes raises PT to EUR 62 from EUR 57; rating accumulate

  • Close Brothers Group Plc (CBRO.L) : RBC cuts target price to 650p from 800p

  • Close Brothers Group Plc (CBRO.L) : RBC cuts to sector perform from outperform

  • Colruyt NV (COLR.BR) : Morgan Stanley raises target price to EUR 44.1 from EUR 40

  • Crest Nicholson Holdings Plc (CRST.L) : Jefferies raises target price to 237p from 234p

  • Dassault Systemes (DAST.PA) : Citigroup cuts target price to EUR 44 from EUR 46

  • Dassault Systemes (DAST.PA) : JP Morgan cuts target price to EUR 45 from EUR 52

  • DCC (DCC.L) : Berenberg raises target price to 7020p from 6520p

  • Detection Technology Oyj (DETEC.HE) : Evli Research raises PT to EUR 17 from EUR 16

  • Detection Technology OYJ (DETEC.HE) : Inderes cuts to reduce from accumulate

  • Detection Technology OYJ (DETEC.HE) : Inderes raises target price to EUR 16.0 from EUR 15.5

  • Deutsche Bank AG (DBKGn.DE) : JP Morgan raises target price to EUR 14.50 from EUR 14.20

  • Deutsche Telekom (DTEGn.DE) : Deutsche Bank raises target price to EUR 30 from EUR 29

  • Diageo (DGE.L) : HSBC cuts target price to 3500p from 3600p

  • Diageo (DGE.L) : Stifel cuts target price to 3,400p from 3,600p

  • DSV (DSV.CO) : JP Morgan raises target price to DKK 1625 from DKK 1580

  • Evolution (EVOG.ST) : Berenberg raises target price to SEK 1285 from SEK 1240

  • Evolution (EVOG.ST) : Deutsche Bank raises target price to SEK 1332 from SEK 1248

  • Fevertree Drinks Plc (FEVR.L) : RBC cuts target price to 1200p from 1300p

  • Flutter Entertainment (FLTRF.L) : BTIG raises target price to 18,500p from 17,500p

  • Flutter Entertainment (FLTRF.L) : Deutsche Bank raises target price to 17154p from 16182p

  • FMC AG (FMEG.DE) : Citigroup cuts target price to EUR 38.5 from EUR 52

  • Givaudan SA (GIVN.S) : Citigroup raises target price to CHF 4160 from CHF 3300

  • H&M (HMb.ST) : Morgan Stanley cuts target price to SEK 125 from SEK 180

  • H&M (HMb.ST) : Morgan Stanley cuts to underweight

  • Harmony Energy Income Trust Plc (HEIT.L) : Berenberg cuts target price to 110p from 130p

  • Hochschild (HOCM.L) : Peel Hunt raises target price to 170p from 160p

  • Iberdrola (IBE.MC) : HSBC raises target price to EUR 12.4 from EUR 12.19

  • IMCD (IMCD.AS) : HSBC cuts to hold from buy

  • IMCD (IMCD.AS) : HSBC raises target price to EUR 149 from EUR 145

  • ING Groep NV (INGA.AS) : Berenberg cuts target price to EUR 16.50 from EUR 17.50

  • ING Groep NV (INGA.AS) : JP Morgan cuts target price to EUR 14.80 from EUR 15.10

  • ING Groep NV (INGA.AS) : UBS cuts target price to EUR 16.3 from EUR 17.1

  • Jeronimo Martins SA (JMT.LS) : Morgan Stanley raises target price to EUR 25.3 from EUR 24.1

  • Jeronimo Martins SA (JMT.LS) : Morgan Stanley raises to overweight from equal-weight

  • Julius Baer Gruppe AG (BAER.S) : HSBC cuts target price to CHF 60 from CHF 62

  • Kingfisher (KGF.L) : Morgan Stanley cuts target price to 233p from 255p

  • Kingfisher (KGF.L) : Morgan Stanley cuts to underweight from equal-weight

  • Koninklijke Ahold Delhaize NV (AD.AS) : Morgan Stanley ups PT to EUR 29.5 from EUR 28.7

  • Lloyds Banking Group (LLOY.L) : HSBC cuts target price to 45p from 47p

  • Lonza (LONN.S) : Deutsche Bank raises target price to CHF 516 from CHF 366

  • Lonza (LONN.S) : Deutsche Bank raises to buy from hold

  • Lonza (LONN.S) : JP Morgan raises target price to CHF 500 from CHF 450

  • LVMH (LVMH.PA) : Stifel raises target price to EUR 860 from EUR 775

  • Marks and Spencer Group (MKS.L) : Morgan Stanley raises PT to 305p from 285p

  • Marlowe Plc (MRLM.L) : Berenberg cuts target price to 720p from 800p

  • Metro AG (B4B.DE) : Baader Helvea cuts target price to EUR 5.5 from EUR 7

  • MTU Aero Engines AG (MTXGn.DE) : Jefferies raises target price to EUR 260 from EUR 240

  • Nordnet AB (Publ) (SAVE.ST) : JP Morgan cuts target price to SEK 143 from SEK 146

  • NRJ Group (SONO.PA) : Portzamparc raises PT to EUR 10.7 from EUR 10.4; rating “buy”

  • OCI NV (OCI.AS) : Berenberg raises target price to EUR 38 from EUR 26

  • OCI NV (OCI.AS) : Berenberg raises to buy from hold

  • Oxford Instruments (OXIG.L) : Berenberg cuts target price to 2640p from 2955p

  • Paragon Banking (PAGPA.L) : Canaccord Genuity raises target price to 844p from 679p

  • Pets at Home (PETSP.L) : Jefferies cuts target price to 425p from 455p

  • Regional REIT Ltd (RGLR.L) : Peel Hunt cuts target price to 40p from 60p

  • Restore Plc (RSTP.L) : Berenberg raises target price to 290p from 250p

  • Sabadell (SABE.MC) : CFRA cuts to buy from strong buy

  • Saf Holland SE (SFQ.DE) : Deutsche Bank raises target price to EUR 17 from EUR 15

  • Sainsbury (SBRY.L) : Morgan Stanley raises target price to 290p from 250p

  • Sainsbury (SBRY.L) : Morgan Stanley raises to equal-weight from underweight

  • Sap SE (SAPG.DE) : Jefferies raises to buy from hold; raises PT to EUR 190 from EUR 135

  • SOBI (SOBIV.ST) : HSBC raises target price to SEK 330 from SEK 290

  • Sodexo (EXHO.PA) : Deutsche Bank cuts target price to EUR 88 from EUR 119

  • Sodexo (EXHO.PA) : HSBC cuts target price to EUR 90 from EUR 90.17

  • SRV Yhtiot OYJ (SRV1V.HE) : Inderes cuts to reduce from accumulate; target price EUR 4.00

  • Stora Enso OYJ (STERV.HE) : Inderes raises to reduce from sell; target price EUR 10.50

  • Swedish Orphan Biovitrum (SOBIV.ST) : RBC raises target price to SEK 385 from SEK 335

  • Talenom OYJ (TNOM.HE) : Inderes cuts to reduce from accumulate

  • Talenom OYJ (TNOM.HE) : Inderes cuts target price to EUR 6.3 from EUR 6.5

  • Tesco (TSCO.L) : Morgan Stanley raises target price to 358p from 320p

  • UPM-Kymmene OYJ (UPM.HE) : Inderes raises to accumulate from reduce; PT EUR 32.0

  • Vestas (VWS.CO) : Deutsche Bank cuts to hold from buy

  • Vetoquinol (VETO.PA) : Midcap Partners cuts target price to EUR 112 from EUR 114

  • Vetoquinol (VETO.PA) : Midcap Partners cuts to “hold” from “buy”

  • Virbac (VIRB.PA) : Midcap Partners Rises PT to EUR 292 from EUR 280; rating “hold”

  • Volkswagen AG (VOWG_p.DE) : Citigroup raises target price to EUR 158 from EUR 146

  • Volvo Car AB (VOLCARb.ST) : Bernstein raises target price to SEK 36 from SEK 33

  • Vontobel (VONN.S) : UBS raises target price to CHF 58 from CHF 56

  • Watkin Jones Plc (WJG.L) : Jefferies raises target price to 50p from 45p

  • Winfarm (ALWF.PA) : Portzamparc cuts target price to EUR 16.3 from EUR 22; rating “buy”

  • Wise Plc (WISEa.L) : Jefferies raises to buy from hold; raises PT to 1,024.00p from 717.00p

  • Wolters Kluwer NV (WLSNc.AS) : JP Morgan raises target price to EUR 147 from EUR 145

  • YouGov Plc (YOU.L) : Peel Hunt raises target price to 1500p from 1360p

  • Zalando SE (ZALG.DE) : Morgan Stanley raises to overweight from equal-weight

(Compiled by Bengaluru Newsroom)

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