EUROPE RESEARCH ROUNDUP- Air France-KLM, Compass Group, Telefonica

Reuters
2025.12.01 12:50
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Securities analysts revised ratings and price targets for several European companies, including Air France-KLM, Compass Group, and Telefonica. Key changes include JP Morgan raising Air France-KLM to overweight and increasing its target price to EUR 14, RBC raising Compass Group to outperform with a target price of 2775p, and Citigroup resuming coverage of Telefonica with a neutral rating and a target price of EUR 3.9.

Dec 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Air France-KLM, Compass Group and Telefonica on Monday.

HIGHLIGHTS

  • Air France-KLM (AIRF.PA) : JP Morgan raises to overweight from neutral
  • Bureau Veritas (BVI.PA) : RBC cuts target price to EUR 26.5 from EUR 28.5
  • Compass Group (CPG.L) : RBC raises to outperform from sector perform
  • Indra (IDR.MC) : Alphavalue raises target price to EUR 36.9 from EUR 27.1
  • Telefonica (TEF.MC) : Citigroup resumes coverage with neutral rating Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order.
  • Air France-KLM (AIRF.PA) : JP Morgan raises target price to EUR 14 from EUR 8
  • Air France-KLM (AIRF.PA) : JP Morgan raises to overweight from neutral
  • Ams-Osram AG (AMS.S) : JP Morgan cuts target price to CHF 5.35 from CHF 8.9
  • Ams-Osram AG (AMS.S) : JP Morgan cuts to underweight from neutral
  • ASML Holding NV (ASML.AS) : JP Morgan raises target price to EUR 1100 from EUR 1000
  • Bunzl (BNZL.L) : RBC cuts target price to 2200p from 2350p
  • Bureau Veritas (BVI.PA) : RBC cuts target price to EUR 26.5 from EUR 28.5
  • Bureau Veritas (BVI.PA) : RBC cuts to underperform from sector perform
  • Compass Group (CPG.L) : RBC raises target price to 2775p from 2700p
  • Compass Group (CPG.L) : RBC raises to outperform from sector perform
  • Deutsche Lufthansa AG (LHAG.DE) : JP Morgan raises target price to EUR 7.5 from EUR 5.3
  • Deutsche Lufthansa AG (LHAG.DE) : JP Morgan raises to neutral from underweight
  • DHL Group (DHLn.DE) : JP Morgan raises target price to EUR 53.5 from EUR 47.5
  • DSV (DSV.CO) : JP Morgan raises target price to DKK 2130 from DKK 1915
  • EasyJet (EZJ.L) : JP Morgan cuts target price to 400p from 500p
  • EasyJet (EZJ.L) : JP Morgan cuts to underweight from neutral
  • Hapag-Lloyd AG (HLAG.DE) : JP Morgan cuts target price to EUR 65 from EUR 72
  • Indra (IDR.MC) : Alphavalue raises target price to EUR 36.9 from EUR 27.1
  • Inpost SA (INPST.AS) : JP Morgan cuts target price to EUR 14 from EUR 15.2
  • Jet2 Plc (JET2.L) : JP Morgan cuts target price to 1450p from 1850p
  • Jet2 Plc (JET2.L) : JP Morgan cuts to neutral from overweight
  • Kuehne+Nagel (KNIN.S) : JP Morgan raises target price to CHF 140 from CHF 130
  • Maersk (MAERSKb.CO) : JP Morgan cuts target price to DKK 8000 from DKK 8800
  • Montea (MONTE.BR) : Deutsche Bank raises to buy from hold
  • Nordic Semiconductor (NOD.OL) : JP Morgan cuts target price to NOK 155 from NOK 170
  • Novo Nordisk (NOVOb.CO) : Jefferies assumes coverage with PT DKK 270 vs DKK 290
  • Novo Nordisk (NOVOb.CO) : Jefferies assumes coverage with underperform rating
  • OCI NV (OCI.AS) : ING cuts target price to EUR 5 from EUR 6.02
  • Orsted (ORSTED.CO) : Bernstein raises target price to DKK 125 from DKK 120
  • Orsted (ORSTED.CO) : Kepler Cheuvreux raises target price to DKK 155 from DKK 140
  • Pagegroup (PAGE.L) : Deutsche Bank cuts target price to 400p from 450p
  • Philogen SpA (PHIL.MI) : Goldman Sachs cuts to neutral from buy
  • Quadient SA (QDT.PA) : Kepler Cheuvreux cuts target price to EUR 20 from EUR 29
  • Reckitt (RKT.L) : Barclays raises raises target price to 7,000p from 6,300p
  • Reckitt (RKT.L) : Barclays raises to overweight from equal weight
  • Remy Cointreau (RCOP.PA) : Kepler Cheuvreux cuts target price to EUR 53 from EUR 57
  • Renk Group AG (R3NK.DE) : Kepler Cheuvreux cuts target price to EUR 68 from EUR 85
  • Richemont (CFR.S) : Deutsche Bank raises target price to CHF 195 from CHF 180
  • Richemont (CFR.S) : Deutsche Bank raises to buy from hold
  • Rio Tinto (RIO.L) : RBC cuts target price to 4900p from 5000p
  • Robert Walters (RWA.L) : Deutsche Bank cuts target price to 250p from 280p
  • Rockwool (ROCKb.CO) : UBS cuts target price to DKK 212 from DKK 225
  • RWE AG (RWEG.DE) : Bernstein raises target price to EUR 50 from EUR 41
  • Ryanair (RYA.I) : JP Morgan raises target price to EUR 33.5 from EUR 30.5
  • Securitas AB (SECUb.ST) : RBC raises target price to SEK 170 from SEK 120
  • Securitas AB (SECUb.ST) : RBC raises to outperform from underperform
  • SFS Group AG (SFSN.S) : UBS cuts target price to CHF 120 from CHF 130
  • SGS SA (SGSN.S) : RBC cuts target price to CHF 85 from CHF 86.5
  • SGS SA (SGSN.S) : RBC cuts to underperform from sector perform
  • SSP Group Plc (SSPG.L) : JP Morgan cuts target price to 170p from 190p
  • TAG (TEGG.DE) : Deutsche Bank cuts target price to EUR 18 from EUR 19
  • Telefonica (TEF.MC) : Citigroup resumes coverage with neutral rating
  • Telefonica (TEF.MC) : Citigroup resumes coverage with target price EUR 3.9
  • Ubisoft (UBIP.PA) : UBS cuts target price to EUR 7 from EUR 10
  • Unibail Rodamco Westfield (URW.PA) : Deutsche Bank raises PT to EUR 105 from EUR 95
  • VAT Group AG (VACN.S) : JP Morgan raises target price to CHF 408 from CHF 347
  • VGP (VGP1.BR) : Deutsche Bank raises target price to EUR 120 from EUR 92
  • VGP (VGP1.BR) : Deutsche Bank raises to buy from hold
  • Vonovia (VNAn.DE) : Deutsche Bank cuts target price to EUR 28 from EUR 30
  • WDP (WDPP.BR) : Deutsche Bank raises target price to EUR 26 from EUR 25
  • WH Smith Plc (SMWH.L) : JP Morgan raises target price to 800p from 750p
  • Whitbread (WTB.L) : Deutsche Bank cuts target price to 3,375p from 3,750p
  • Wilmington Plc (WIL.L) : Deutsche Bank raises target price to 465p from 435p
  • Wizz Air (WIZZ.L) : JP Morgan raises target price to 1200p from 1050p
  • Yellow Cake Plc (YCA.L) : Panmure Liberum raises raises PT to 630p from 550p
  • Yellow Cake Plc (YCA.L) : Panmure Liberum raises to buy from hold