Burberry, Phoenix, Volkswagen
Securities analysts revised their ratings and price targets on several European companies, including Burberry, Phoenix and Volkswagen on Tuesday.
HIGHLIGHTS
* Burberry LSE:BRBY: Jefferies raises target price to 680p from 580p
* Hermes EURONEXT:RMS: BofA Global Research cuts price objective to EUR 2700 from EUR 3000
* Phoenix LSE:PHNX: JP Morgan raises target price to 605p from 595p
* Volkswagen AG XETR:VOW: RBC raises to outperform from sector perform
* Zealand pharma A/S OMXCOP:ZEAL: UBS initiates coverage with buy rating and PT DKK 760
Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order.
* Aegon Ltd EURONEXT:AGN: JP Morgan raises target price to EUR 8.50 from EUR 7.65
* Antin Infrastructure Partners SAS EURONEXT:ANTIN: JP Morgan raises PT to EUR 12.80 from EUR 11.30
* Argan SA EURONEXT:ARG: Jefferies cuts target price to EUR 82 from EUR 84
* ASMI EURONEXT:ASM: BofA Global Research cuts price objective to EUR 596 from EUR 602
* Auction Technology Group Plc LSE:ATG: JP Morgan cuts target price to 690p from 710p
* BASF SE XETR:BAS: Jefferies cuts target price to EUR 45 from EUR 47
* Beiersdorf AG XETR:BEI: JP Morgan cuts target price to EUR 120 from EUR 140
* BP LSE:BP.: JP Morgan raises target price to 460p from 440p
* Burberry LSE:BRBY: BofA Global Research raises price objective to 900p from 850p
* Burberry LSE:BRBY: Jefferies raises target price to 680p from 580p
* DR ING HC F Porsche AG XETR:P911: Bernstein cuts target price to EUR 39 from EUR 46
* DsmFirmenich AG EURONEXT:DSFIR: JP Morgan cuts target price to EUR 70 from EUR 77
* ENI MIL:ENI: JP Morgan raises target price to EUR 16.5 from EUR 16
* Essity OMXSTO:ESSITY_A: UBS cuts target price to SEK 310 from SEK 325
* Essity Aktiebolag OMXSTO:ESSITY_A: Deutsche Bank cuts target price to SEK 225 from SEK 250
* Ferrari MIL:RACE: BofA Global Research cuts price objective to EUR 496 from EUR 548
* Future Plc LSE:FUTR: JP Morgan cuts target price to 1280p from 1296p
* Hermes EURONEXT:RMS: BofA Global Research cuts price objective to EUR 2700 from EUR 3000
* Hugo Boss AG XETR:BOSS: BofA Global Research raises PT to EUR 40 from EUR 39
* Hvivo Plc LSE:HVO: Peel Hunt cuts target price to 10p from 21p
* Hvivo Plc LSE:HVO: Stifel cuts to hold from buy; cuts target price to 10p from 17p
* Informa LSE:INF: JP Morgan raises target price to 1120p from 1020p
* Investors House OYJ OMXHEX:INVEST: Inderes cuts PT to EUR 3.30 from EUR 6.10; rating sell
* Italgas MIL:IG: RBC raises target price to EUR 9 from EUR 6.80
* Italgas MIL:IG: RBC raises to outperform from sector perform
* Kering EURONEXT:KER: BofA Global Research raises price objective to EUR 210 from EUR 165
* Kistos Holdings Plc LSE:KIST: Panmure Liberum cuts target price to 307p from 330p
* Kooth Plc LSE:KOO: Berenberg cuts target price to 260p from 300p
* Kooth Plc LSE:KOO: Stifel cuts target price to 442p from 520p
* Kuehne+Nagel SIX:KNIN: Jefferies cuts target price to CHF 165 from CHF 180
* Kooth Plc LSE:KOO: Canaccord Genuity cuts target price to 430p from 490p
* Median Technologies SA EURONEXT:ALMDT: Stifel cuts target price to EUR 6 from EUR 6.2
* MercedesBenz Group AG XETR:MBG: RBC cuts target price to EUR 55 from EUR 63
* MercedesBenz Group AG XETR:MBG: RBC cuts to sector perform from outperform
* Moncler MIL:MONC: BofA Global Research cuts price objective to EUR 55 from EUR 57
* Neste Oyj OMXHEX:NESTE: JP Morgan raises target price to EUR 15 from EUR 14
* Ocado LSE:OCDO: Bernstein cuts target price to 170p from 240p
* OMV AG VIE:OMV: JP Morgan raises target price to EUR 44 from EUR 40
* Origin Enterprises Plc LSE:OGN: Berenberg raises target price to EUR 4.9 from EUR 4.3
* Origin Enterprises Plc LSE:OGN: Canaccord Genuity raises target price to EUR 5 from EUR 4.8
* Pandora OMXCOP:PNDORA: BofA Global Research raises PT to DKK 800 from DKK 780
* Phoenix LSE:PHNX: JP Morgan raises target price to 605p from 595p
* Procook Group Plc LSE:PROC: Canaccord Genuity raises target price to 54p from 48p
* Raspberry PI Holdings Plc LSE:RPI: Jefferies cuts target price to 610p from 650p
* Raspberry PI Holdings Plc LSE:RPI: Peel Hunt cuts target price to 460p from 565p
* Repsol BME:REP: JP Morgan raises target price to EUR 16 from EUR 15.5
* Salvatore Ferragamo SpA MIL:SFER: BofA Global Research raises PT to EUR 5 from EUR 4
* Santander BME:SAN: Citigroup raises target price to EUR 9.65 from EUR 7.20
* Scout24 SE XETR:G24: Citigroup cuts target price to EUR 138 from EUR 139.70
* Shell Plc LSE:SHEL: JP Morgan raises target price to 3100p from 3000p
* Shurgard Self Storage Ltd EURONEXT:SHUR: Citigroup initiates coverage with buy rating
* Shurgard Self Storage Ltd EURONEXT:SHUR: Citigroup initiates coverage with PT EUR 47.60
* SIG Group AG SIX:SIGN: UBS cuts target price to CHF 9.5 from CHF 15.5
* Snam MIL:SRG: RBC cuts target price to EUR 5.15 from EUR 5.30
* Snam MIL:SRG: RBC cuts to sector perform from outperform
* Swatch Group AG SIX:UHR: BofA Global Research raises PT to CHF 135 from CHF 125
* System1 Group Plc LSE:SYS1: Canaccord Genuity cuts target price to 550p from 865p
* System1 Group Plc LSE:SYS1: Canaccord Genuity cuts to speculative buy from buy
* Terna MIL:TRN: RBC raises target price to EUR 9.6 from EUR 8.6
* Terna MIL:TRN: RBC raises to outperform from sector perform
* THG Plc LSE:THG: JP Morgan raises target price to 43p from 24p
* THG Plc LSE:THG: JP Morgan raises to neutral from underweight
* Totalenergies SE EURONEXT:TTE: JP Morgan raises target price to EUR 61 from EUR 60
* Volkswagen AG XETR:VOW: Bernstein cuts target price to EUR 87 from EUR 92
* Volkswagen AG XETR:VOW: RBC raises target price to EUR 130 from EUR 117
* Volkswagen AG XETR:VOW: RBC raises to outperform from sector perform
* Vusiongroup SA EURONEXT:VU: Bernstein raises target price to EUR 285 from EUR 265
* Worldline SA EURONEXT:WLN: Jefferies cuts target price to EUR 2.8 from EUR 3.5
* YouGov Plc LSE:YOU: JP Morgan cuts target price to 385p from 400p
* Zealand pharma A/S OMXCOP:ZEAL: UBS initiates coverage with buy rating and PT DKK 760
* Zurich Insurance Group AG SIX:ZURN: Jefferies raises PT to CHF 520 from CHF 445