EUROPE RESEARCH ROUNDUP-Continental AG, SAP SE, Meyer Burger Technology AG

November 18, 2022 08:57 PM AEDT | By Reuters
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Nov 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Continental AG, SAP SE and Meyer Burger Technology AG on Friday. HIGHLIGHTS * Continental AG : Exane BNP Paribas cuts to neutral from outperform * Jeronimo Martins SA : Morgan Stanley initiates with equal-weight rating * Meyer Burger Technology AG : Jefferies reinstates with buy rating * SAP SE : Jefferies cuts to underperform from buy * Scor : Jefferies cuts to hold from buy Following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries are in alphabetical order. * 4Imprint : HSBC raises target price to 3810p from 3600p * AEW UK REIT Plc : Liberum cuts target price to 100p from 128p * Alcon AG : Societe Generale cuts to sell from hold * Alcon AG : Societe Generale cuts target price to CHF 60.2 from CHF 74.7 * Auto Trader : Berenberg cuts target price to 635p from 690p * Auto Trader Group Plc : HSBC cuts target price to 725p from 740p * Avacta Group Plc : Stifel resumes coverage with buy rating and 155p target price * Bakkavor : HSBC cuts target price to 90p from 110p * Bakkavor : HSBC cuts to hold from buy * Baloise Holding AG : Berenberg cuts target price to CHF 151 from CHF 158.2 * Bayer AG : Barclays cuts target price to EUR 80 from EUR 90 * BBVA : RBC raises target price to EUR 6.75 from EUR 6.5 * Beazley : Peel Hunt raises target price to 650p from 645p * Boliden AB : Deutsche Bank raises target price to SEK 350 from SEK 330 * Burberry : Deutsche Bank raises target price to 2200p from 1950p * Burberry : Jefferies raises target price to 2100p from 1900p * Burberry : RBC raises target price to 2070p from 1800p * Burberry : Stifel raises target price to 2200p from 2000p * Centrica : Citigroup raises price target to 110p from 93p * Compass Group : Stifel raises target price to 2300p from 2100p * Continental AG : Exane BNP Paribas cuts to neutral from outperform * Convatec Group Plc : JP Morgan raises target price to 281p from 275p * CQS New City High Yield Fund Ltd : Stifel cuts to neutral from negative * Danske Bank : Credit Suisse raises target price to DKK 127 from DKK 107 * Drax Group Plc : Citigroup raises price target to 598p from 537p * E.ON SE : Societe Generale initiates coverage with buy rating; PT EUR 10.7 * Embracer Group : Barclays cuts target price to SEK 49 from SEK 57.2 * Enav : Barclays raises target price to EUR 5.2 from EUR 5.1 * Enquest Plc : JP Morgan cuts target price to 45p from 47p * Enquest Plc. : Barclays cuts target price to 20p from 28p * Gemfields : Liberum cuts target price to 27p from 28p * Harbour Energy : Barclays cuts target price to 585p from 675p * Harbour Energy Plc : Berenberg cuts target price to 320p from 480p * Harbour Energy Plc : Peel Hunt cuts target price to 370p from 525p * Harbour Energy Plc : Stifel cuts target price to 666p from 713p * Hiscox : Peel Hunt raises target price to 1,090p from 1,040p * Infineon Technologies AG : Societe Generale raises PT to EUR 41 from EUR 38 * ING Groep NV : Morgan Stanley raises target price to EUR 16 from EUR 14 * International Distributions Services Plc : Berenberg cuts PT to 370p from 480p * Intertek : Stifel cuts to sell from hold; cuts target price to 3700p from 4500p * Jeronimo Martins SA : Morgan Stanley initiates with equal-weight rating * Jeronimo Martins SA : Morgan Stanley initiates with target price EUR 21.8 * Kistos Plc : Berenberg cuts target price to 650p from 670p * Koninklijke Vopak NV : Morgan Stanley raises target to EUR 31 from EUR 24.6 * Kuehne Und Nagel International AG : UBS cuts target price to CHF 255 from CHF 263 * Legal & General Group Plc : Exane BNP Paribas raises to outperform from neutral * Meyer Burger Technology AG : Jefferies reinstates with buy rating * Meyer Burger Technology AG : Jefferies reinstates with target price CHF 0.75 * Michelin : Exane BNP Paribas cuts to underperform from neutral * Morphosys AG : JP Morgan cuts target price to EUR 18 from EUR 32.5 * MTU Aero Engines AG : Deutsche Bank raises target price to EUR 240 from EUR 232 * MTU Aero Engines AG : Jefferies raises target price to EUR 250 from EUR 245 * MTU Aero Engines AG : JP Morgan raises target price to EUR 280 from EUR 275 * MTU Aero Engines AG : Stifel raises target price to EUR 240 from EUR 230 * National Grid : HSBC raises target price to 1140p from 995p * Nfon AG : Berenberg cuts target price to EUR 9 from EUR 15 * NN Group NV : JP Morgan cuts target price to EUR 45 from EUR 50 * Nordea Bank Abp : Credit Suisse raises target price to EUR 10.4 from EUR 9.5 * Ovaro Kiinteistosijoitus Oyj : Inderes ups PT to EUR 3 from EUR 2.9; rating reduce * Palfinger AG : Berenberg cuts target price to EUR 30 from EUR 32.5 * Premier Foods Plc : Jefferies raises target price to 130p from 120p * Prosus NV : JP Morgan raises target price to EUR 87.4 from EUR 83.5 * Rheinmetall AG : Stifel cuts target price to EUR 240 from EUR 247 * SAP SE : Jefferies cuts target price to EUR 90 from EUR 115 * SAP SE : Jefferies cuts to underperform from buy * Scor : Jefferies cuts target price to EUR 17.5 from EUR 22.5 * Scor : Jefferies cuts to hold from buy * Scor : UBS cuts target price to EUR 27.7 from EUR 28.3 * SEB AB : Credit Suisse raises target price to SEK 102 from SEK 97 * Serica Energy Plc : Peel Hunt cuts target price to 372p from 431p * Serica Energy Plc : Stifel cuts target price to 415p from 475p * Siemens AG : Barclays raises target price to EUR 94 from EUR 90 * Siemens AG : RBC raises target price to EUR 155 from EUR 135 * Societe Generale SA : Morgan Stanley cuts target price to EUR 33 from EUR 34 * Societe Generale SA : Morgan Stanley cuts to equal-weight from overweight * SSE : Citigroup raises price target to 1664p from 1486p * SSP Group Plc : UBS cuts target price to 325p from 355p * Stockmann Oyj Abp : Inderes starts coverage with rating reduce; PT EUR 2 * Stroeer : Citigroup raises price target to EUR 46 from EUR 39 * Subsea 7 SA : Societe Generale raises target price to NOK 128 from NOK 112 * Swedbank : Credit Suisse raises target price to SEK 174 from SEK 153 * Teleperformance SE : Societe Generale cuts target price to EUR 360 from EUR 375 * ThyssenKrupp : JP Morgan raises target price to EUR 5.1 from EUR 4.8 * Trainline : Morgan Stanley cuts target price to 370p from 435p * Tritax Big Box : Goldman Sachs raises to buy from neutral * TT Electronics Plc : HSBC raises target price to 230p from 225p * URW : Goldman Sachs cuts to sell from neutral * Vantage Towers : Barclays cuts target price to EUR 26 from EUR 32 * Varta AG : JP Morgan cuts target price to EUR 30 from EUR 45 * Virgin Money UK Plc : Jefferies cuts target price to 197p from 258p * Vodafone Group Plc : Barclays cuts target price to 110p from 120p (Compiled by Bengaluru Newsroom)


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