4
Trading activity was marked by numerous adjustments to recommendations, notably at Deutsche Bank, which raised its ratings for BASF, Brenntag, and Wacker Chemie, while downgrading Akzo Nobel and Givaudan. The technology sector experienced significant price target revisions for ASML, BE Semiconductor, and SAP, while Morgan Stanley lowered its outlook for Teleperformance and adjusted its view on the German steel industry.
- Abivax: Barclays maintained its overweight recommendation and increased the price target from $142 to $148.
- Akzo Nobel: Deutsche Bank downgraded its rating from buy to hold with a reduced price target of €55, down from €68.
- ASML Holding: Recent Street Research maintained a neutral recommendation and lowered the price target from €1075 to €850.
- BASF: Deutsche Bank upgraded its rating from hold to buy with a raised price target of €55, up from €45.
- BE Semiconductor Industries: New Street Research maintained a buy recommendation and reduced the price target from €220 to €170.
- Bechtle: Berenberg upgraded its rating from hold to buy with a reduced price target of €34, down from €38.
- Brenntag: Deutsche Bank upgraded its rating from hold to buy with a raised price target of €57, up from €46.
- Coloplast: UBS upgraded its rating from neutral to buy with a price target of 530 DKK.
- Dassault Systèmes: Jefferies maintained an underperform recommendation and reduced the price target from €16 to €15.
- Eiffage: Bernstein reiterated an outperform rating with a raised price target of €172.50, up from €158.90.
- Givaudan: Deutsche Bank downgraded its rating from buy to hold with a reduced price target of CHF 3000, down from CHF 3750.
- Nestle: Jefferies reiterated a hold rating with a raised price target of CHF 80, up from CHF 77.
- Ottobock: UBS upgraded its rating from neutral to buy with a price target of €74.
- Renault: Jefferies reiterated a hold rating with a reduced price target of €31, down from €34.
- Safran: Berenberg maintained a buy recommendation and raised the price target from €350 to €360.
- Salzgitter: Morgan Stanley downgraded its rating from underweight to equal weight and reduced the price target from €46.70 to €42.20.
- SAP SE: JP Morgan downgraded its rating from overweight to neutral with a reduced price target of €175, down from €260. Jefferies maintained a buy recommendation and reduced the price target from €290 to €230.
- Teleperformance: Morgan Stanley downgraded its rating from overweight to equal weight with a reduced price target of €53, down from €112.
- ThyssenKrupp: Morgan Stanley upgraded its rating from underweight to equal weight and reduced the price target from €8.70 to €8.30.
- Valneva: Stifel reiterated a buy rating with a reduced price target of €8.50, down from €10.
- Wacker Chemie: Deutsche Bank upgraded its rating from sell to hold with a raised price target of €68, up from €59.
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