On Monday, securities analysts made several changes to their ratings and price targets for European companies. Some of the major highlights included HSBC upgrading Bytes Technology Group Plc from hold to buy, Jefferies raising Marks and Spencer Group from hold to buy, and Berenberg cutting the target price for Phoenix from 739p to 650p.
Other research actions reported by Reuters on Monday included Jefferies raising the target price for AB Foods to 2,500p, changing B&M’s rating from underperform to hold, and raising Barclays’ target price to 240p. Jefferies also increased the target prices for BAT and Imperial Brands, while HSBC raised the target prices for Biomerieux and Eurofins Scientific.
JP Morgan cut the target prices for companies such as Brenntag SE and Deutsche Lufthansa AG, while Jefferies raised the target prices for Next Plc and Rolls Royce. Overall, there were a mix of ratings changes and target price adjustments for various European companies in the latest round of analyst research reports.
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