EUROPE RESEARCH ROUNDUP-BAE Systems, ITM Power, Lloyds

Reuters
Aug 04, 2025
EUROPE RESEARCH ROUNDUP-BAE Systems, ITM Power, Lloyds

Aug 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BAE Systems, ITM Power and Lloyds, on Monday.

HIGHLIGHTS

* BAE Systems BAES.L: Jefferies raises to buy from hold; raises PT to 2060p from 1630p

* Corbion NV CORB.AS: Bereneberg raises to hold from sell

* International Airlines Group ICAG.L: Barclays raises to equal-weight from underweight

* ITM Power Plc ITM.L: Berenberg raises to buy from hold; raises target to 100p from 59p

* Lloyds LLOY.L: JP Morgan raises to neutral from underweight; raises PT to 85p from 79p

Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order.

* A2A SpA A2.MI: Morgan Stanley raises target price to EUR 2.55 from EUR 2.5

* Accor ACCP.PA: UBS cuts target price to EUR 57 from EUR 61.45

* ADP ADP.PA: BofA Global Research cuts price objective to EUR 142 from EUR 150

* Air France-KLM AIRF.PA: Barclays raises target price to EUR 10.5 from EUR 5.4

* Aixtron AIXGn.DE: UBS raises target price to EUR 14.6 from EUR 12.7

* Amundi SA AMUN.PA: Barclays cuts target price to EUR 72 from EUR 76

* ArcelorMittal SA MT.AS: JP Morgan cuts target price to EUR 28.5 from EUR 29

* Argenx SE ARGX.BR: Barclays raises target price to EUR 700 from EUR 680

* Argenx SE ARGX.BR: Deutsche Bank raises target price to EUR 655 from EUR 550

* Argenx SE ARGX.BR: JP Morgan raises target price to EUR 730 from EUR 700

* Aston Martin AML.L: JP Morgan cuts target price to 75p from 90p

* AstraZeneca AZN.L: Bernstein raises target price to 18,000p from 16,500p

* Auction Technology Group Plc ATG.L: JP Morgan cuts target price to 725p from 765p

* BAE Systems BAES.L: Berenberg raises target price to 1850p from 1770p

* BAE Systems BAES.L: Jefferies raises to buy from hold; raises PT to 2060p from 1630p

* Banco Comercial Portugues SA BCP.LS: Barclays raises target to EUR 0.81 from EUR 0.74

* Banco Comercial Portugues SA BCP.LS: Morgan Stanley raises PT to EUR 0.74 from EUR 0.72

* BAT BATS.L: JP Morgan raises target price to 3,300p from 2,800p

* Boohoo DEBS.L: Deutsche Bank cuts target price to 15p from 26p

* Bucher Industries BUCN.S: UBS raises target price to CHF 419 from CHF 396

* Campari CPRI.MI: Deutsche Bank raises target price to EUR 6.2 from EUR 5.7

* Capital Ltd CAPD.L: Peel Hunt raises target price to 115p from 80p

* Cibus Nordic Real Estate AB (Publ) CIBUS.ST: Jefferies ups PT to SEK 160 from SEK 145

* Corbion NV CORB.AS: Bereneberg raises target price to EUR 16.5 from EUR 16

* Corbion NV CORB.AS: Bereneberg raises to hold from sell

* Croda CRDA.L: Morgan Stanley cuts target price to 3100p from 3400p

* Daimler Truck Holding AG DTGGe.DE: Deutsche Bank cuts target to EUR 41 from EUR 44

* Danone DANO.PA: Morgan Stanley raises target price to EUR 85 from EUR 78

* Deutsche Lufthansa AG LHAG.DE: Barclays raises target price to EUR 7.2 from EUR 5.2

* DSV A/S DSV.CO: Barclays cuts target price to DKK 1800 from DKK 1865

* Entain Plc ENT.L: Morgan Stanley raises target price to 1300p from 1260p

* Erg SpA ERG.MI: Morgan Stanley raises target price to EUR 20.5 from EUR 19.75

* Erste Group ERST.VI: Deutsche Bank raises target price to EUR 86 from EUR 84

* Essity ESSITYa.ST: Goldman Sachs initiates coverage with neutral rating; PT SEK 275

* Eurobank Holdings EURBr.AT: UBS raises target price to EUR 3.64 from EUR 3.3

* Euronext NV ENX.PA: Barclays raises target price to EUR 130 from EUR 115

* Everplay Group Plc EVPL.L: Deutsche Bank raises target price to 425p from 330p

* GSK GSK.L: JP Morgan cuts target price to 1,400p from 1,460p

* Hammerson HMSO.L: Peel Hunt raises to buy from add; raises target to 350p from 285p

* HBX Group International Plc HBX.MC: UBS cuts target price to EUR 12.45 from EUR 14.25

* Heidelberg Materials HEIG.DE: JP Morgan cuts target price to EUR 217 from EUR 220

* Hemnet HEM.ST: JP Morgan cuts target price to SEK 269 from SEK 283

* Hensoldt AG HAGG.DE: Jefferies raises target price to EUR 92 from EUR 60

* Hensoldt AG HAGG.DE: Jefferies raises to hold from underperform

* Hermes HRMS.PA: Barclays cuts target price to EUR 2640 from EUR 2670

* Hermes HRMS.PA: Bernstein cuts target price to EUR 2,650 from EUR 2,800

* Holcim AG HOLN.S: JP Morgan raises target price to CHF 70 from CHF 65

* Holcim Ltd HOLN.S: Morgan Stanley raises target price to CHF 60 from CHF 55

* HSBC HSBA.L: JP Morgan raises target price to 870p from 830p

* IAG ICAG.L: Bernstein raises target price to 470p from 450p

* Iberdrola IBE.MC: HSBC raises target price to EUR 18 from EUR 17.6

* IMCD NV IMCD.AS: Jefferies cuts target price to EUR 120 from EUR 145

* IMI Plc IMI.L: Deutsche Bank raises target price to 2625p from 2250p

* International Airlines Group ICAG.L: Barclays raises to equal-weight from underweight

* Italgas IG.MI: Deutsche Bank reinstates coverage with buy rating; price target EUR 8.10

* Italy'S Prysmian PRY.MI: Citigroup raises target price to EUR 79 from EUR 69

* ITM Power Plc ITM.L: Berenberg raises to buy from hold; raises target to 100p from 59p

* Kering PRTP.PA: Berenberg cuts target price to EUR 160 from EUR 165

* Kion Group AG KGX.DE: Citigroup raises target price to EUR 61 from EUR 56

* Legrand LEGD.PA: Deutsche Bank raises target price to EUR 144 from EUR 130

* Leonardo SpA LDOF.MI: Jefferies raises target price to EUR 58 from EUR 55

* Lloyds LLOY.L: JP Morgan raises to neutral from underweight; raises PT to 85p from 79p

* Lloyds LLOY.L: RBC raises to outperform from sector perform

* Lloyds Banking Group LLOY.L: Morgan Stanley raises target price to 100p from 95p

* Logitech International SA LOGN.S: Berenberg raises target price to CHF 90 from CHF 88

* LSEG LSEG.L: UBS cuts target price to 12400p from 13100p

* LSEG LSEG.L: BofA Global Research cuts price objective to 12000p from 13000p

* LSEG LSEG.L: Citigroup raises target price to 13,200p from 13,000p

* LSEG LSEG.L: JP Morgan raises target price to 12,900p from 12,800p

* LSEG LSEG.L: KBW cuts target price to 12300p from12500p

* Melia Hotels MEL.MC: UBS raises target price to EUR 6.54 from EUR 5.76

* Merck KGaA MRCG.DE: UBS cuts target price to EUR 162 from EUR 180

* MTU Aero Engines AG MTXGn.DE: Berenberg raises target price to EUR 430 from EUR 360

* MTU Aero Engines AG MTXGn.DE: Jefferies raises target price to EUR 470 from EUR 430

* Nemetschek SE NEKG.DE: Berenebrg raises target price to EUR 117 from EUR 114

* Nexans NEXS.PA: Deutsche Bank raises target price to EUR 149 from EUR 128

* Nordic Semiconductor NOD.OL: JP Morgan cuts to neutral from overweight

* Nordic Semiconductor NOD.OL: JP Morgan raises target price to NOK 160.00 from NOK 157.00

* Pearson PSON.L: Morgan Stanley raises target price to 1170p from 1160p

* Pearson Plc PSON.L: Barclays raises target price to 1160p from 1105p

* Property Franchise Group Plc TPFG.L: Canaccord Genuity raises target to 637p from 595p

* Puma SE PUMG.DE: Barclays cuts target price to EUR 19 from EUR 25

* Redeia REDE.MC: Morgan Stanley raises target price to EUR 19 from EUR 18

* Renk Group AG R3NK.DE: Jefferies raises target price to EUR 80 from EUR 60

* Rheinmetall AG RHMG.DE: Jefferies raises target price to EUR 2250 from EUR 1880

* Robertet SA ROBF.PA: Kepler Cheuvreux initiates coverage with hold rating; PT EUR 900

* Rolls Royce RR.L: Jefferies raises target price to 1290p from 920p

* Safran SAF.PA: Jefferies raises target price to EUR 350 from EUR 290

* Saint-Gobain SGOB.PA: Morgan Stanley raises target price to EUR 101 from EUR 100

* Santander SAN.MC: UBS raises target price to EUR 8.45 from EUR 8

* Schneider Electric SCHN.PA: Morgan Stanley raises target price to EUR 234 from EUR 225

* Schroders SDR.L: Citigroup raises target price to 420p from 385p

* SES SA SESFd.PA: Barclays raises target price to EUR 6.15 from EUR 4.5

* Shell Plc SHEL.L: HSBC raises target price to 2950p from 2900p

* Shell Plc SHEL.L: TD Cowen raises target price to 2965p from 2890p

* Societe Generale SA SOGN.PA: Barclays raises target price to EUR 63 from EUR 60

* Soitec SA SOIT.PA: HSBC cuts target price to EUR 44 from EUR 51

* Spie SA SPIE.PA: UBS raises target price to EUR 62 from EUR 45

* St James's Place Plc SJP.L: UBS raises target price to 1400p from 1285p

* Stabilus SE STM1.DE: JP Morgan cuts target price to EUR 37 from EUR 45

* Standard Chartered Plc STAN.L: Barclays raises target price to 1400p from 1360p

* Standard Chartered Plc STAN.L: UBS raises target price to 1537p from 1446p

* Suss Microtec SE SMHNn.DE: Berenberg cuts target price to EUR 50 from EUR 65

* Tele2 AB TEL2b.ST: UBS raises target price to SEK 186 from SEK 102

* Tele2 AB TEL2b.ST: UBS raises to buy from sell

* Teleperformance TEPRF.PA: UBS cuts target price to EUR 92 from EUR 100

* Thales TCFP.PA: Jefferies cuts target price to EUR 240 from EUR 250

* UCB UCB.BR: UBS raises target price to EUR 240 from EUR 230

* Unilever ULVR.L: Berenberg raises target price to 5570p from 5500p

* Unilever ULVR.L: Jefferies raises target price to 3900p from 3800p

* Unilever ULVR.L: RBC raises target price to 3900p from 3800p

* United Internet AG UTDI.DE: Deutsche Bank raises target price to EUR 31 from EUR 25

* Universal Music Group UMG.AS: Barclays cuts target price to EUR 27 from EUR 28

* Weir Group WEIR.L: Citigroup raises target price to 3100p from 2900p

* Weir Group WEIR.L: Kepler Cheuvreux cuts to hold from buy

* WPP WPP.L: UBS cuts target price to 370p from 410p

(Compiled by Bengaluru Newsroom)

((Diaries@thomsonreuters.com))

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