Securities analysts have revised their ratings and price targets for several European companies, including Anglo American, Rio Tinto, and Unilever. The changes include target price cuts for Anglo American and Ryanair, target price raises for Antofagasta and Publicis Groupe, and initiation of coverage with a buy rating for Unilever.
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