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Analyst Ratings: Société Générale, Burberry, Nestlé, LVMH & More

Analyst Actions: Upgrades for Assa Abloy, Flsmidth, Société Générale

Capital – May 9, 2024 – Major shifts in the stock market are underway, as analyst ratings are being revised for several companies. The changes are impacting investor outlook, possibly leading to significant short-term fluctuations. Assa abloy,along with Flsmidth and Société Générale,are among those receiving upgrades amidst the reshuffling of the market landscape,with investors encouraged to follow for updates on these and other key fluctuations.

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Analyst Actions: Upgrades for Assa Abloy, Flsmidth, and Société Générale; Downgrades Hit LVMH, IMI, and Playtech

Several companies are seeing shifts in analyst sentiment, with revised recommendations and price targets impacting investor outlook.Assa Abloy, Flsmidth, H+H International, and Société Générale are among those receiving upgrades, signaling potential for recovery. Conversely, Burberry is progressing in the Hierarchy of Barclays, while LVMH, IMI, HelloFresh, and Playtech face downward adjustments. Ryanair and Prysmian are also benefiting from noted prospects.

Key Upgrades and downgrades

Did you know? Analyst ratings can significantly influence stock prices in the short term, but long-term performance depends on a company’s fundamentals.
  • Assa Abloy: Jefferies upgraded its suggestion to “keep buying,” raising the price target from SEK 330 to SEK 375.
  • Burberry Group: Barclays improved its rating to “market weighting,” with a price target increase from 720 GBX to 1000 GBX.
  • Danone: Landesbank baden-Württemberg maintains its “keep” recommendation, increasing the price target from EUR 70 to EUR 75.
  • Elior Group: citigroup maintains its “purchase” recommendation, raising the price target from EUR 3.80 to EUR 4.
  • FLSMIDTH: Goldman Sachs upgraded its recommendation from “neutral” to “purchase,” increasing the price target from DKK 340 to DKK 430.
  • H+H International: SEB Bank upgraded its recommendation to “keep buying,” raising the price target from DKK 120 to DKK 180.
  • HelloFresh: Landesbank Baden-Württemberg downgraded its recommendation from “purchase” to “be preserved,” with a price target of EUR 11.50.
  • IMI: Goldman Sachs downgraded its recommendation from “buy” to “neutral,” reducing the price target from 2220 GBX to 2120 GBX.
  • KBC Group: Barclays maintains its “overcome” recommendation and notes the price of courses from 95 to 102 EUR. Deutsche Bank maintains its “keep” recommendation with a price of courses noted from 80 to 82 EUR.
  • LVMH: HSBC maintains its “keep” recommendation with a reduced course target from 575 to 525 EUR.
  • Merck: BERNSTEIN maintains its “market performance” recommendation with a reduced price target from 168 to 147 EUR.
  • Nestlé: Jefferies remains “underperformance” with a target of courses from 75 to 77 CHF.
  • Playtech: Redburn Atlantic downgraded its recommendation from “buy” to “neutral,” reducing the course target from 900 GBX to 400 GBX.
  • prysmian: Barclays maintains its “overlap” recommendation with a price of courses noted from 72 to 82 EUR.
  • RS Group: Jefferies remains with “purchase” with a reduced course target from 900 to 700 GBX.
  • Ryanair Holdings: Zacks maintains its recommendation of “outperformance” and notes the target of courses from 52 to 69 USD.
  • Société Générale: AlphaValue/Baader Europe upgraded its recommendation from “accumulate” to “buy,” raising the price target from EUR 53.20 to EUR 66.50.
  • Stellantis: Nomura maintains its “purchase” recommendation with a reduced course target from 14.50 to 12.50 EUR.
  • Vontobel: Octavian maintains his “keep” recommendation with a reduced course target from 66 to 63 CHF.
  • Warehouses De Pauw: BERNSTEIN maintains his “underperformance” recommendation and reduces the price of courses from 23.50 to 22.50 EUR.
Pro Tip: Always consider the source of analyst ratings. Research firms have different methodologies and biases.

Analyst Commentary

While specific analyst quotes were not provided in the original text, it’s importent to note that these recommendations are based on thorough analysis of company financials, market conditions, and industry trends. Investors should conduct their own due diligence before making any investment decisions.

FAQ

  • What is a price target? A price target is an analyst’s expectation of a stock’s future price.
  • What does “outperform” mean? “Outperform” suggests a stock is expected to perform better than the market average.
  • Why do analysts change ratings? Analysts revise ratings based on new information, company performance, and market conditions.

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