EUROPE RESEARCH ROUNDUP-Bellway, Porsche SE, Watkin Jones

 EUROPE RESEARCH ROUNDUP-Bellway, Porsche SE, Watkin Jones
Image source: ©2022 Kalkine Media®

Dec 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bellway, Porsche SE and Watkin Jones on Monday. HIGHLIGHTS * Adecco Group AG : Morgan Stanley cuts to underweight from equal weight * Bellway Plc : Jefferies raises to buy from hold * Porsche SE : HSBC raises to buy from hold * UCB SA : Morgan Stanley cuts to underweight from equal-weight * Watkin Jones Plc : Jefferies cuts to hold from buy Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order. * Adecco Group AG : Morgan Stanley cuts target price to CHF 30.1 from CHF 33.1 * Adecco Group AG : Morgan Stanley cuts to underweight from equal weight * Aena Sme SA : Morgan Stanley raises target price to EUR 150 from EUR 126 * Aena Sme SA : Morgan Stanley raises to overweight from underweight * Aib Group Plc : Barclays raises target price to EUR 3.8 from EUR 3.4 * ALD SA : Stifel initiates coverage with buy rating and EUR 21 target price * ALD SA : Stifel starts with buy rating; target price EUR 21 * B&M : JP Morgan raises target price to 555p from 414p * Bakkavor : Citigroup cuts price target to 95p from 105p * Barratt : Jefferies raises target price to 452p from 356p * Bellway Plc : Jefferies raises target price to 2,458p from 1,918p * Bellway Plc : Jefferies raises to buy from hold * Berkeley Group : Jefferies raises target price to 4,554p from 4,330p * Boreo Oyj : Inderes cuts to reduce from accumulate; target price EUR 44.0 * Bouygues : BofA Global Research cuts to underperform vs neutral * Bouygues : BofA Global Research price objective cuts to 27 EUR from 30 EUR * Brenntag SE : Baader Helvea raises target price to EUR 99 from EUR 85 * Burberry Group : HSBC cuts to reduce from hold * Colruyt NV : JP Morgan cuts target price to EUR 22.8 from EUR 23.3 * Compagnie Financiere Richemont SA : HSBC raises target to CHF 130 from CHF 125.75 * Compagnie Plastic Omnium SE : JP Morgan cuts PT to EUR 14 from EUR 17 * Compagnie Plastic Omnium SE : JP Morgan cuts to underweight from neutral * Compass Group : RBC raises target price to 1,625p from 1,575p * Crest Nicholson Holdings Plc : Jefferies raises target price to 278p from 229p * Daimler Truck Holding AG : Stifel raises target price to EUR 39 from EUR 35 * Deutsche BANK : Oddo Double upgrades to outperform, target at 13 euros traders * Dovalue SpA : Citigroup cuts price target to EUR 10 from EUR 11.5 * DR ING HC F Porsche AG : HSBC starts with hold rating; target price EUR 104 * Dr. Martens : HSBC cuts target price to 320p from 380p * EasyJet : UBS raises target price to 600p from 565p * Equals Group Plc : Canaccord Genuity raises target price to 149p from 144p * Faurecia : JP Morgan cuts target price to EUR 23 from EUR 34 * Ferguson : Deutsche Bank cuts target price to 9630p from 9960p * Fevertree Drinks Plc : HSBC raises target price to 1000p from 820p * Flatexdegiro AG : Deutsche Bank cuts target price to EUR 9 from EUR 11 * Flatexdegiro AG : Exane BNP Paribas cuts target price to EUR 11 from EUR 15 * Flatexdegiro AG : Exane BNP Paribas cuts to neutral from outperform * Forbo Holding AG : Baader Helvea cuts target price to CHF 1315 from CHF 1564 * Galapagos NV : JP Morgan cuts target price to EUR 50 from EUR 65 * Gamma Communications Plc : Citigroup cuts price target to 1320p from 1650p * Gestamp Automocion SA : JP Morgan cuts PT to EUR 3.2 from EUR 3.5 * Gestamp Automocion SA : JP Morgan cuts to underweight from neutral * Grifols : JP Morgan cuts target price to EUR 12 from EUR 15 * Grifols : Morgan Stanley raises target price to EUR 14 from EUR 13 * Grifols : Morgan Stanley raises to overweight from equal-weight * Grifols : JP Morgan cuts target price to EUR 9 from EUR 10.3 * Hamborner REIT AG : HSBC cuts target price to EUR 8 from EUR 11.3 * Hays : Morgan Stanley cuts target price to 145p from 146p * Hermes : HSBC raises target price to EUR 1,570 from EUR 1,500 * Infotel SA : Portzamparc raises target price to EUR 58 from EUR 56.6 * Infotel SA : Portzamparc raises to buy from accumulate * JDE Peet'S : Citigroup cuts price target to EUR 31 from EUR 32 * Jeronimo Martins SA : JP Morgan cuts to neutral from overweight * Jeronimo Martins SA : JP Morgan raises target price to EUR 24.1 from EUR 21 * Kering : HSBC cuts target price to EUR 660 from EUR 670 * Koninklijke Ahold Delhaize NV : JP Morgan cuts PT to EUR 30 from EUR 31 * Land Securities : Citigroup cuts price target to 647p from 755p * Leg Immobilien SE : Berenberg cuts target price to EUR 91 from EUR 118 * Leoni AG : JP Morgan cuts target price to EUR 8.1 from EUR 10 * Metro AG : JP Morgan raises target price to EUR 8.7 from EUR 8 * Michelin : JP Morgan raises target price to EUR 22 from EUR 20 * Mortgage Advice Bureau (Holdings) Plc : Peel Hunt cuts PT to 827p from 1,620p * Norva24 Group AB (Publ) : Citigroup raises price target to SEK 37 from SEK 34 * Novartis AG : Stifel raises to buy from hold; raises PT to CHF 97 from CHF 89 * Novo Nordisk : BofA Global Research raises price objective to DKK 1,050 from DKK 950 * Orsted A/S : Berenberg cuts target price to DKK 800 from DKK 1,000 * Pagegroup : Morgan Stanley cuts target price to 505p from 510p * Pagegroup : Morgan Stanley cuts to equal-weight from overweight * Persimmon : Jefferies cuts to hold from buy * Porsche SE : HSBC raises to buy from hold * Premier Miton Group Plc : Peel Hunt raises target price to 132p from 115p * Randstad NV : Morgan Stanley raises target price to EUR 50 from EUR 48 * Redde Northgate : HSBC raises target price to 330p from 295p * Redrow Plc : Jefferies raises target price to 592p from 491p * Sainsbury : JP Morgan raises target price to 206p from 161p * Saint-Gobain : Stifel raises target price to EUR 48.5 from EUR 47.5 * Savills : Peel Hunt cuts to add from buy; cuts target price to 1,000p from 1,275p * Schaeffler AG : JP Morgan raises target price to EUR 7.5 from EUR 6.5 * St Gobain : Jefferies upgrades to buy vs hold * Stabilus SE : JP Morgan raises target price to EUR 74 from EUR 66 * Strix Group PLC : Stifel cuts target price to 155p from 255p * Swedish Orphan Biovitrum : Morgan Stanley cuts target to SEK 265 from SEK 280 * Swedish Orphan Biovitrum : Morgan Stanley cuts to equal-weight from overweight * Swisscom AG : Deutsche Bank cuts target price to CHF 465 from CHF 510 * Swisscom AG : Deutsche Bank cuts to sell from hold * Tamtron Group Oyj : Inderes starts coverage with accumulate; PT EUR 6.7 * Taylor Wimpey : Jefferies raises target price to 124p from 105p * Tesco : JP Morgan raises target price to 270p from 240p * Tharisa PLC : Berenberg raises target price to 260p from 240p * UCB SA : Morgan Stanley cuts target price to EUR 74 from EUR 105 * UCB SA : Morgan Stanley cuts to underweight from equal-weight * Vantage Towers AG : Deutsche Bank cuts target price to EUR 32 from EUR 34 * Vistry Group Plc : HSBC cuts target price to 900p from 1080p * Vistry Group Plc : Jefferies raises target price to 829p from 744p * Vitesco Technologies Group AG : JP Morgan raises target to EUR 65 from EUR 53 * Vitesco Technologies Group AG : JP Morgan raises to overweight from neutral * Volkswagen AG : HSBC raises target price to EUR 203 from EUR 188 * Volkswagen AG : HSBC raises target price to EUR 203 from EUR 188 * Watches of Switzerland : HSBC cuts to hold from buy * Watkin Jones Plc : Jefferies cuts target price to 111p from 225p * Watkin Jones Plc : Jefferies cuts to hold from buy * Zeal Network SE : Berenberg cuts target price to EUR 50 from EUR 52 (Compiled by Bengaluru Newsroom)


Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles