EUROPE RESEARCH ROUNDUP-Alstom, Kion Group, Volvo

Reuters
2025.12.05 07:20
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Securities analysts revised ratings and price targets for European companies, including Alstom, Kion Group, and Volvo. Citigroup upgraded Alstom and Volvo to 'buy' and raised their target prices. Kion Group was downgraded to 'neutral' by Citigroup, but its target price was increased. Various other companies saw changes in ratings and target prices by JP Morgan, RBC, and Berenberg.

Dec 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Kion Group and Volvo, on Friday.

HIGHLIGHTS

  • Alstom (ALSO.PA) : Citigroup raises to buy from neutral
  • Bank of Ireland Group Plc (BIRG.I) : RBC cuts to sector perform from outperform
  • Kion Group AG (KGX.DE) : Citigroup cuts to neutral from buy
  • SCA AB (SCAb.ST) : JP Morgan cuts to neutral from overweight
  • Volvo (VOLVb.ST) : Citigroup raises to buy from neutral Following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries are in alphabetical order.
  • Alstom (ALSO.PA) : Citigroup raises to buy from neutral
  • Alstom (ALSO.PA) : Citigroup raises target price to EUR 31 from EUR 21
  • B&M (BMEB.L) : JP Morgan cuts target price to 163p from 205p
  • Balfour Beatty (BALF.L) : Berenberg raises target price to 760p from 710p
  • Baltic Classifieds Group Plc (BCG.L) : JP Morgan cuts target price to 182p from 208p
  • Bank of Georgia (BGEO.L) : JP Morgan raises target price to 10700p from 9200p
  • Bank of Ireland Group Plc (BIRG.I) : RBC cuts to sector perform from outperform
  • Compass Group (CPG.L) : Berenberg raises target price to 3100p from 3000p
  • ENI (ENI.MI) : JP Morgan cuts to underweight from overweight
  • Experian (EXPN.L) : RBC cuts target price to 4000p from 4200p
  • Greggs (GRG.L) : JP Morgan initiates coverage with overweight rating; price target 2110p
  • Holmen (HOLMb.ST) : JP Morgan cuts target price to SEK 313 from SEK 334
  • Kingfisher (KGF.L) : Peel Hunt raises target price to 330p from 320p
  • Kion Group AG (KGX.DE) : Citigroup cuts to neutral from buy
  • Kion Group AG (KGX.DE) : Citigroup raises target price to EUR 68 from EUR 61
  • Mondi (MNDI.L) : JP Morgan raises target price to 970p from 840p
  • National Grid Plc (NG.L) : JP Morgan raises target price to 1250p from 1225p
  • RS Group Plc (RS1R.L) : Peel Hunt initiates coverage with buy rating; target price 700p
  • Sainsbury (SBRY.L) : JP Morgan cuts target price to 350p from 355p
  • SCA AB (SCAb.ST) : JP Morgan cuts to neutral from overweight
  • SCA AB (SCAb.ST) : JP Morgan cuts target price to SEK 130 from SEK 133
  • SSE (SSE.L) : JP Morgan cuts target price to 2580p from 2600p
  • Tesco (TSCO.L) : JP Morgan raises target price to 500p from 450p
  • Tharisa Plc (THST.L) : Peel Hunt raises target price to 145p from 135p
  • ThyssenKrupp Nucera AG & Co KGaA (NCH2.DE) : Citigroup cuts PT to EUR 13 from EUR 16
  • Totalenergies SE (TTEF.PA) : JP Morgan cuts to neutral from overweight
  • UPM (UPM.HE) : JP Morgan cuts target price to EUR 21.9 from EUR 23.7
  • Volvo (VOLVb.ST) : Citigroup raises to buy from neutral
  • Volvo (VOLVb.ST) : Citigroup raises target price to SEK 328 from SEK 242
  • Watches of Switzerland (WOSG.L) : Peel Hunt raises target price to 450p from 370p
  • Whitbread (WTB.L) : Berenberg cuts target price to 2900p from 3500p
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