Europe Research Roundup: Adidas, Puma, Ubisoft

Royal Unibrew A/S

12/01/2023 06:48

Jan 12 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including Adidas, Puma and Ubisoft, on Thursday. 
    HIGHLIGHTS  
     * Adidas  ADSGN.DE : HSBC raises target price to EUR 150 from EUR 140
     * Kion Group AG  KGX.DE : JP Morgan cuts to neutral from overweight
     * Puma SE  PUMG.DE : HSBC raises target price to EUR 72 from EUR 67
     * Ubisoft  UBIP.PA : JP Morgan cuts to neutral from overweight
 Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
     * ABN Amro Bank NV  ABNd.AS : RBC raises target price to EUR 16.50 from EUR 16
     * Adidas  ADSGN.DE : HSBC raises target price to EUR 150 from EUR 140
     * Anheuser Busch Inbev SA  ABI.BR : Jefferies raises target price to EUR 60 from EUR 55
     * AXA  AXAF.PA : JP Morgan raises target price to EUR 34 from EUR 32
     * Barratt  BDEV.L : JP Morgan raises target price to 400p from 380p
     * Coinshares International Ltd  CS.ST : BTIG cuts target price to SEK 40 from SEK 60
     * Darktrace Plc  DARK.L : Needham cuts target price to 330p from 622p
     * DCC  DCC.L : RBC raises to outperform from sector perform
     * Direct Line Insurance  DLGD.L : Jefferies cuts target price to 175p from 220p
     * Direct Line Insurance  DLGD.L : JP Morgan cuts target price to 185p from 220p
     * DWS Group GmbH & Co KGaA  DWSG.DE : JP Morgan cuts PT to EUR 33.20 from EUR 34.30
     * Experian  EXPN.L : RBC cuts target price to 2,500p from 2,900p
     * Focusrite Plc  TUNE.L : Berenberg initiates coverage with buy rating; price target 1,100p
     * Globaldata Plc  DATA.L : HSBC raises target price to 1700p from 1620p
     * Kion Group AG  KGX.DE : JP Morgan cuts to neutral from overweight
     * Kion Group AG  KGX.DE : JP Morgan cuts target price to EUR 40 from EUR 43.7
     * Medmix AG  MEDX.S : Credit Suisse cuts target price to CHF 20 from CHF 23
     * Metso Outotec Corp  MOCORP.HE : JP Morgan raises target price to EUR 9.90 from EUR 9.70
     * Puma SE  PUMG.DE : HSBC raises target price to EUR 72 from EUR 67
     * PVA Tepla AG  TPEG.DE : Berenberg raises target price to EUR 30 from EUR 25
     * PVA Tepla AG  TPEG.DE : Berenberg raises to buy from hold
     * Royal Unibrew A/S  RBREW.CO : Jefferies cuts target price to DKK 520 from DKK 680
     * Spectris  SXS.L : HSBC cuts target price to 3910p from 3920p
     * Thales  TCFP.PA : Jefferies cuts target price to EUR 130 from EUR 135
     * Ubisoft  UBIP.PA : JP Morgan cuts to neutral from overweight
     * Ubisoft  UBIP.PA : JP Morgan cuts target price to EUR 24 from EUR 46
     * Ubisoft  UBIP.PA : Wedbush cuts target price to EUR 32 from EUR 52
     * Verallia Sas  VRLA.PA : Jefferies raises target price to EUR 40 from EUR 35
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))