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EUROPE RESEARCH ROUNDUP-Barclays, L'Oreal, SAP

ReutersOct 23, 2025 4:17 PM

- Securities analysts revised their ratings and price targets on several European companies, including Barclays, L'Oreal, and SAP on Thursday.

HIGHLIGHTS

Atalaya Mining Copper SA ATYM.L: Peel Hunt raises target price to 705p from 600p

Barclays BARC.L: RBC raises target price to 500p from 435p

L'Oreal OREP.PA: Berenberg cuts target price to EUR 372 from EUR 374

SAP SE SAPG.DE: TD Cowen cuts target price to EUR 280 from EUR 295

Shell SHEL.L: RBC raises target price to 3,600p from 3,400p

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

Aberdeen ABDN.L: Barclays raises target price to 190p from 185p

Aberdeen Group ABDN.L: Deutsche Bank cuts target price to 240p from 245p

Aberdeen Group Plc ABDN.L: JP Morgan raises target price to 242p from 234p

Air France-KLM AIRF.PA: Citigroup raises target price to EUR 12.2 from EUR 10.35

Aker BP AKRBP.OL: Kepler Cheuvreux raises target price to NOK 145 from NOK 135

Assa Abloy ASSAb.ST: Citigroup raises target price to SEK 410 from SEK 350

Assa Abloy ASSAb.ST: Citigroup raises to buy from neutral

Assa Abloy ASSAb.ST: Deutsche Bank raises target price to SEK 330 from SEK 320

Assa Abloy ASSAb.ST: UBS raises target price to SEK 410 from SEK 385

Atalaya Mining Copper SA ATYM.L: Peel Hunt raises target price to 705p from 600p

Auto1 Group SE AG1G.DE: Deutsche Bank raises target price to EUR 37 from EUR 32

Banco Comercial Portugues SA BCP.LS: Barclays raises target to EUR 0.88 from EUR 0.81

Barclays BARC.L: Kepler Cheuvreux raises target price to 460p from 415p

Barclays BARC.L: RBC raises target price to 500p from 435p

Barclays BARC.L: UBS raises target price to 455p from 430p

Bawag Group BAWG.VI: Deutsche Bank raises target price to EUR 126 from EUR 117

Boliden AB BOL.ST: Deutsche Bank raises target price to SEK 450 from SEK 430

BP BP.L: RBC raises target price to 500p from 470p

CIE Automotive CIEA.MC: Kepler Cheuvreux raises target price to EUR 33 from EUR 31

Deutsche Lufthansa AG LHAG.DE: Citigroup cuts target price to EUR 7.3 from EUR 8.5

Deutsche Lufthansa AG LHAG.DE: Citigroup cuts to neutral from buy

DNB DNB.OL: Jefferies cuts target price to NOK 284 from NOK 285

DNB DNB.OL: UBS cuts target price to NOK 242 from NOK 247

DSM-Firmenich DSFIR.AS: Barclays cuts target price to EUR 105 from EUR 112

DSM-Firmenich AG DSFIR.AS: Citigroup cuts target price to EUR 110 from EUR 127

Equinor EQNR.OL: RBC raises target price to NOK 260 from NOK 250

Fincantieri SpA FCT.MI: Jefferies raises target price to EUR 23.2 from EUR 16.2

Frontier Developments Plc FDEV.L: Berenberg raises target price to 550p from 450p

GN Store Nord GN.CO: Citigroup raises target price to DKK 141 from DKK 110

Handelsbanken SHBa.ST: UBS raises target price to SEK 113 from SEK 111

Heineken NV HEIN.AS: Barclays raises target price to EUR 99 from EUR 98

Heineken NV HEIN.AS: BofA Global Research raises price objective to EUR 85 from EUR 81

Heineken NV HEIN.AS: Morgan Stanley raises target price to EUR 70.5 from EUR 70

Hochschild HOCM.L: Berenberg raises target price to 400p from 380p

Hochschild HOCM.L: RBC cuts target price to 390p from 400p

Hochschild Mining Plc HOCM.L: UBS cuts target price to 425p from 500p

Hunting Plc HTG.L: Berenberg cuts target price to 450p from 465p

IAG ICAG.L: Citigroup raises target price to 620p from 390p

ID Logistics Group IDLA.PA: UBS raises target price to EUR 505 from EUR 500

Ipsen SA IPN.PA: UBS raises target price to EUR 150 from EUR 145

Jungheinrich AG JUNG_p.DE: Kepler Cheuvreux cuts target price to EUR 31 from EUR 34

Kering PRTP.PA: Deutsche Bank raises target price to EUR 300 from EUR 290

Kering PRTP.PA: Jefferies raises target price to EUR 310 from EUR 260

Kering PRTP.PA: JP Morgan raises target price to EUR 200 from EUR 145

Kering PRTP.PA: TD Cowen raises target price to EUR 345 from EUR 260

Kering PRTP.PA: UBS raises target price to EUR 305 from EUR 251

Kerry Group PLC KYGa.I: Jefferies cuts target price to EUR 101 from EUR 105

Kistos Holdings Plc KIST.L: Berenberg raises target price to 245p from 235p

L'Oreal OREP.PA: Berenberg cuts target price to EUR 372 from EUR 374

Macfarlane Group Plc MACF.L: Stifel cuts target price to 105p from 130p

Merck KGaA MRCG.DE: Deutsche Bank cuts target price to EUR 127 from EUR 133

Metso METSO.HE: JP Morgan raises target price to EUR 14.1 from EUR 13.5

Michelin MICP.PA: Barclays cuts target price to EUR 25 from EUR 26

Michelin MICP.PA: JP Morgan cuts target price to EUR 27 from EUR 30

Mips AB MIPS.ST: Jefferies cuts target price to SEK 540 from SEK 580

Morgan Advanced Materials MGAMM.L: Berenberg initiates with buy rating; target 250p

Ninety One Plc N91.L: JP Morgan raises target price to 223p from 190p

Nyfosa AB NYFO.ST: Kepler Cheuvreux cuts target price to SEK 102 from SEK 107

Prosus PRX.AS: Morgan Stanley cuts target price to EUR 60 from EUR 62

Quilter Plc QLT.L: RBC raises target price to 210p from 200p

Randstad NV RAND.AS: Bernstein raises target price to EUR 48 from EUR 46

Randstad NV RAND.AS: Morgan Stanley cuts target price to EUR 33 from EUR 36

Reckitt RKT.L: BofA Global Research raises price objective to 6500p from 6000p

Reckitt RKT.L: RBC raises target price to 6400p from 6000p

RWE AG RWEG.DE: Citigroup cuts to neutral from buy; cuts PT to EUR 39.5 from EUR 42

Salzgitter SZGG.DE: Deutsche Bank raises target price to EUR 27 from EUR 21

Sandvik SAND.ST: Deutsche Bank raises target price to SEK 301 from SEK 283

SAP SE SAPG.DE: TD Cowen cuts target price to EUR 280 from EUR 295

Shell SHEL.L: RBC raises target price to 3,600p from 3,400p

Sodexo EXHO.PA: JP Morgan cuts target price to EUR 58 from EUR 63

Softcat Plc SCTS.L: Deutsche Bank raises target price to 1900p from 1830p

Softcat Plc SCTS.L: Deutsche Bank raises to buy from hold

Softcat Plc SCTS.L: Jefferies raises target price to 1450p from 1400p

SSAB SSABa.ST: Alphavalue raises target price to SEK 76.6 from SEK 71.4

Storebrand STB.OL: BofA Global Research price objective to NOK 175 from NOK 165

Storebrand STB.OL: BofA Global Research raises to buy from neutral

Stratec SBSG.DE: Deutsche Bank cuts target price to EUR 30 from EUR 33

Synthomer SYNTS.L: JP Morgan cuts target price to 102p from 112p

Synthomer SYNTS.L: Peel Hunt cuts target price to 220p from 225p

Teamviewer TMV.DE: Barclays cuts target price to EUR 10.5 from EUR 18

Teamviewer AG TMV.DE: Deutsche Bank cuts target price to EUR 7.5 from EUR 12

Teamviewer SE TMV.DE: Bernstein cuts target price to EUR 11 from EUR 14

Teamviewer SE TMV.DE: Morgan Stanley cuts target price to EUR 8.35 from EUR 13.1

Tele2 TEL2b.ST: Morgan Stanley raises target price to SEK 155 from SEK 150

Unicredit CRDI.MI: Barclays raises target price to EUR 71.6 from EUR 69.2

Unite Group UTG.L: Kepler Cheuvreux cuts target price to 590p from 745p

Vusiongroup SA VU.PA: Bernstein raises target price to EUR 290 from EUR 285

WH Smith SMWH.L: Barclays cuts target price to 675p from 1310p

WH Smith SMWH.L: Barclays cuts to equal-weight from overweight

Wizz Air WIZZ.L: Citigroup cuts target price to 770p from 1,220p

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