Analyst Ratings: Kering, Sopra Steria, Soitec, UBS, Euronext, Fnac Darty, Lonza and More
European Stocks: Analyst Actions drive Market Moves
Paris, France – European markets are poised for an active day as analysts issue a flurry of recommendations and target price adjustments, impacting a range of sectors from luxury goods to technology.
Luxury and Retail in Focus:
Luxury conglomerate Kering (KER.PA) saw its target price raised to €190 from €180 by Barclays, who maintained its “underweight” rating. Simultaneously occurring, hermès International (RMS.PA) received a boost from Barclays,with the bank reiterating its “overweight” rating and increasing the target price to €2,480 from €2,220. In the retail sector, Bernstein initiated coverage of Fnac Darty (FNAC.PA) with an “outperform” rating and a target price of €42.
Tech and Healthcare See mixed Signals:
Technology firm Sopra Steria Group (SOP.PA) saw its target price lowered to €220 from €240 by BNP Paribas Exane, which maintained its “outperform” rating. Simultaneously occurring, Soitec (SOI.PA) received a target price increase to €135 from €130 by Bernstein, who maintained its “outperform” rating. In the healthcare sector, Maat Pharma (MAT.PA) saw its target price raised to €16 from €14 by KBC Securities, who maintained its ”buy” rating.
Financial Sector Under Scrutiny:
Allianz (ALV.DE) received a target price increase to €325 from €310 by Jefferies, who downgraded the stock to “hold” from “buy.” UBS Group (UBS.N) saw its rating downgraded to “neutral” from “outperform” by Zacks, with the target price lowered to $34 from $37.
Other Notable Moves:
Carl Zeiss Meditec (AFX.DE) saw its target price reduced to €72 from €92 by Landesbank Baden-Württemberg, who maintained its “buy” rating.
D’Ieteren Group (DIET.BR) had its target price lowered to €175 from €225 by Jefferies, who maintained its “hold” rating.
Euronext (ENX.PA) received a target price increase to €122 from €115 by Deutsche Bank, who maintained its “buy” rating.
Flatexdegiro (FTG.DE) saw its target price raised to €17 from €15 by Deutsche Bank, who maintained its “buy” rating. Greggs (GRG.L) was initiated with an “outperform” rating and a target price of 3,240 GBX by RBC Capital.
KBC Groupe (KBC.BR) saw its rating upgraded to “overweight” from “market weight” by Barclays, with the target price raised to €87 from €68.
Lonza Group (LONN.SW) received target price increases from both AlphaValue/Baader Europe (€583 from €577) and CLSA (€723 from €702), who maintained their “accumulate” and “outperform” ratings, respectively.
Sacyr (SCYR.MC) maintained a ”strong buy” rating and a target price of €4.35 by Alantra Equities.
Scor Se (SCOR.PA) saw its target price raised to €22 from €19 by Jefferies, who maintained its “hold” rating.
Scout24 (G24.DE) was downgraded to “neutral” from “outperform” by Grupo Santander, with the target price raised to €88.20 from €82.50.
TeamViewer (TMV.DE) saw its rating downgraded to “hold” from “buy” by Berenberg, with the target price lowered to €13 from €19.
Zurich Insurance Group (ZURN.S) received a target price increase to CHF600 from CHF565 by Barclays, who maintained its “overweight” rating.
This roundup of analyst actions provides valuable insight into the current market sentiment and potential investment opportunities across various European sectors.
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