Business
Airbus, Deutsche Telekom, L'Oreal
Airbus, Deutsche Telekom, L'Oreal
About this update from Engcon Ab Class B
Securities analysts revised their ratings and price targets on several European companies, including Airbus, Deutsche Telekom and L'Oreal, on Tuesday. HIGHLIGHTS * Airbus SE EURONEXT:AIR : Morgan Stanley cuts target price to EUR 187 from EUR 205 * Deutsche Telekom XETR:DTE : Deutsche Bank ups PT to EUR 41.50 from EUR 40 * L'Oreal EURONEXT:OR : Jefferies cuts target price to EUR 369 from EUR 374 * Shell Plc LSE:SHEL : Berenberg cuts target price to 3,150p from 3,300p * Tenaris MIL:TEN : Exane BNP Paribas initiates coverage with outperform rating Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. * ABB SIX:ABBN : Barclays cuts target price to CHF 38 from CHF 44 * ABN Amro EURONEXT:ABN : UBS cuts target price to EUR 23.50 from EUR 24 * Air France-KLM EURONEXT:AF : BofA Global Research cuts PT to EUR 7.80 from EUR 9.50 * Airbus SE EURONEXT:AIR : JP Morgan cuts target price to EUR 180 from EUR 195 * Amundi SA EURONEXT:AMUN : Morgan Stanley raises target price to EUR 70.50 from EUR 65.90 * Banca Generali MIL:BGN : Jefferies cuts target price to EUR 44.40 from EUR 45.30 * Banca Mediolanum MIL:BMED : Jefferies cuts to hold from buy * BASF SE XETR:BAS : Berenberg cuts target price to EUR 45 from EUR 50 * Biomerieux SA EURONEXT:BIM : Morgan Stanley cuts target price to EUR 127 from EUR 129 * Boliden OMXSTO:BOL : RBC raises target price to SEK 310 from SEK 290 * Boliden OMXSTO:BOL : RBC raises to sector perform from underperform * Boozt AB OMXSTO:BOOZT : Kepler Cheuvreux cuts target price to SEK 140 from SEK 150 * BP LSE:BP. : Berenberg cuts target price to 395p from 450p * Corbion NV EURONEXT:CRBN : ING cuts target price to EUR 14 from EUR 17 * Credit Agricole EURONEXT:ACA : Jefferies cuts target price to EUR 20 from EUR 23.40 * Datagroup SE XETR:D6H : Berenberg cuts target price to EUR 54 from EUR 70 * Datagroup SE XETR:D6H : Berenberg cuts to hold from buy * Datwyler Holding AG SIX:DAE : UBS cuts target price to CHF 125 from CHF 138 * Demant OMXCOP:DEMANT : Kepler Cheuvreux cuts target price to DKK 240 from DKK 290 * Deutsche Lufthansa XETR:LHA : BofA Global Research cuts PT to EUR 6 from EUR 6.60 * Deutsche Telekom XETR:DTE : Deutsche Bank ups PT to EUR 41.50 from EUR 40 * Edenred SA EURONEXT:AC : Morgan Stanley cuts target price to EUR 48 from EUR 49 * Energean Plc LSE:ENOG : >: Berenberg ups to buy from hold; ups PT to 1,000p from 940p * Engcon AB OMXSTO:ENGCON_B : Berenberg cuts target price to SEK 110 from SEK 120 * ENI MIL:ENI : Berenberg cuts target price to EUR 13.5 from EUR 15.5 * EQT OMXSTO:EQT : JP Morgan cuts target price to SEK 251 from SEK 269 * Equinor OSL:EQNR : Berenberg cuts target price to NOK 325 from NOK 340 * Equinor OSL:EQNR : RBC cuts target price to NOK 260 from NOK 300 * Equinor OSL:EQNR : RBC cuts to underperform from sector perform * Fresenius Medical Care AG XETR:FME : Barclays cuts PT to EUR 40.50 from EUR 42.50 * Fresenius SE & Co KGaA XETR:FRE : Barclays cuts target price to EUR 43.50 from EUR 44 * Gecina SA EURONEXT:GFC : Berenberg cuts target price to EUR 115 from EUR 120 * Harbour Energy Plc LSE:HBR : Berenberg cuts target price to 200p from 205p * Hermes International SCA EURONEXT:RMS : UBS cuts PT to EUR 2,780 from EUR 2,975 * IAG LSE:IAG : Raymond James cuts target price to EUR 4.50 from EUR 5 * Indutrade OMXSTO:INDT : Kepler Cheuvreux cuts target price to SEK 290 from SEK 325 * Inpost SA EURONEXT:INPST : Barclays raises target price to EUR 21 from EUR 20 * Ipsen SA EURONEXT:IPN : Barclays cuts target price to EUR 110 from EUR 120 * Ipsos SA EURONEXT:IPS : UBS cuts target price to EUR 44 from EUR 50.60 * Jet2 Plc AQUISUK:JET2L : Barclays raises target price to 2,100p from 1,900p * KBC GROEP NV KBC.BR: RBC CUTS TARGET PRICE TO EUR 84 FROM EUR 86 * Logitech International SA SIX:LOGN : Kepler Cheuvreux cuts PT to CHF 75 from CHF 100 * L'Oreal EURONEXT:OR : Jefferies cuts target price to EUR 369 from EUR 374 * Man Group LSE:EMG : Morgan Stanley cuts target price to 164p from 179p * Melrose Industries Plc LSE:MRO : Morgan Stanley cuts target price to 470p from 590p * MTU Aero Engines AG XETR:MTX : JP Morgan cuts PT to EUR 375 from EUR 415 * Novonesis OMXCOP:NSIS_B : Berenberg cuts target price to DKK 485 from DKK 515 * OCI NV EURONEXT:OCI : Degroof Petercam cuts target price to EUR 7.50 from EUR 13 * Orion OMXHEX:ORNAV : Inderes cuts target price to EUR 50 from EUR 55; rating reduce * Orsted OMXCOP:ORSTED : Barclays cuts target price to DKK 239.95 from DKK 365.41 * Orsted OMXCOP:ORSTED : Barclays cuts to underweight from equal-weight * Ovhcloud EURONEXT:OVH : Morgan Stanley raises target price to EUR 9 from EUR 8.70 * Ovhcloud EURONEXT:OVH : Stifel raises to hold from sell; ups PT to EUR 11 from EUR 7 * Pernod Ricard EURONEXT:RI : UBS cuts target price to EUR 97 from EUR 101 * Pernod-Ricard EURONEXT:RI : Barclays raises target price to EUR 97 from EUR 94 * Pernod-Ricard EURONEXT:RI : Barclays raises to equal-weight from underweight * Poste Italiane MIL:PST : Barclays raises target price to EUR 16.70 from EUR 14 * Poste Italiane MIL:PST : Jefferies raises target price to EUR 18 from EUR 13.90 * PSP Swiss Property SIX:PSPN : UBS raises target price to CHF 153 from CHF 135 * Repsol BME:REP : Berenberg cuts target price to EUR 12 from EUR 14 * Safran SA EURONEXT:SAF : Morgan Stanley cuts target price to EUR 235 from EUR 243 * Sainsbury LSE:SBRY : Barclays cuts target price to 320p from 340p * Sainsbury LSE:SBRY : JP Morgan raises target price to 330p from 305p * Sandvik AB OMXSTO:SAND : Barclays cuts target price to SEK 260 from SEK 270 * Sanofi EURONEXT:SAN : Kepler Cheuvreux raises target price to EUR 95 from EUR 92 * Shell Plc LSE:SHEL : Berenberg cuts target price to 3,150p from 3,300p * Sonova Holding AG SIX:SOON : Kepler Cheuvreux cuts PT to CHF 220 from CHF 270 * STMicroelectronics NV EURONEXT:STMPA : JP Morgan cuts PT to EUR 26 from EUR 29 * Tate & Lyle LSE:TATE : Barclays cuts target price to 740p from 750p * Tate & Lyle LSE:TATE : Barclays raises to overweight from equal-weight * Tenaris MIL:TEN : Exane BNP Paribas initiates coverage with outperform rating * Tenaris MIL:TEN : Exane BNP Paribas initiates coverage with target price EUR 18.50 * Titan America SA NYSE:TTAM : Stifel cuts target price to $15 from $16 * UPM OMXHEX:UPM : Inderes cuts target price to EUR 26 from EUR 29; rating accumulate * Verve Group SE OMXSTO:VER : Kepler Cheuvreux cuts PT to SEK 46 from SEK 55.5 * Wise LSE:WISE : UBS raises target price to 1300p from 1240p * Wizz Air LSE:WIZZ : BofA Global Research cuts PT to 1,600p from 1,690p