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GLOBAL BROKER RATINGS: Berenberg cuts Stellantis but lifts Porsche

(Alliance News) - The following global blue-chips received analyst recommendations Monday and Tuesday:

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BASIC RESOURCES

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Stifel raises Givaudan price target to 3,800 (3,500) CHF - 'hold'

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Goldman Sachs reinitiates Givaudan with 'buy' - price target 4,600 CHF

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Goldman Sachs reinitiates Symrise with 'sell' - price target 100 EUR

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Goldman Sachs reinitiates Lanxess with 'buy' - price target 29 EUR

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Goldman Sachs reinitiates Evonik with 'neutral' - price target 18.20 EUR

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Goldman Sachs reinitiates Croda with 'neutral' - price target 5,100 pence

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Goldman Sachs reinitiates BASF with 'neutral' - price target 53 EUR

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SocGen raises BASF price target to 59 (54) EUR - 'buy'

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Jefferies raises BASF price target to 43 (41) EUR - 'underperform'

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Goldman Sachs reinitiates Air Liquide with 'buy' - price target 222 EUR

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CONSUMER DISCRETIONARY

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JPMorgan cuts Prosus price target to 46 (48) EUR - 'overweight'

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JPMorgan cuts Burberry price target to 1,150 (1,300) pence - 'neutral'

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Jefferies cuts Burberry price target to 1,200 (1,300) pence - 'hold'

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Stifel cuts Burberry price target to 1300 (1400) pence - 'hold'

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Kepler Cheuvreux cuts Hellofresh price target to 8.10 (8.30) EUR - 'buy'

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Deutsche Bank Research raises Kingfisher target to 245 (225) pence - 'hold'

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Goldman Sachs raises Kingfisher price target to 250 pence - 'neutral'

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HSBC cuts Porsche SE price target to 45 (47) EUR - 'hold'

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Berenberg raises Porsche AG to 'buy' (hold) - price target 109 (101) EUR

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Berenberg raises Volkswagen prefs price target to 136 (130) EUR - 'buy'

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Berenberg cuts Stellantis to 'hold' (buy) - price target 29 (21) EUR

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Berenberg raises Renault price target to 52 (47) EUR - 'buy'

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Berenberg raises Mercedes-Benz price target to 86 (83) EUR - 'buy'

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Berenberg raises BMW price target to 110 (102) EUR - 'hold'

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DZ Bank raises fair value for BMW to 125 (115) EUR - 'buy'

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Goldman Sachs cuts Auto Trader price target to 870 (886) pence - 'buy'

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Morgan Stanley raises Auto1 to 'equal-weight' (underweight) - price target 4.60 EUR

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Barclays raises LVMH to 'overweight' - price target 937 EUR

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Jefferies raises LVMH price target to 790 (695) EUR - 'hold'

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DZ Bank raises fair value for Netflix to 700 (600) USD - 'buy'

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CONSUMER STAPLES

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Jefferies cuts Nestle price target to 84.50 (86) CHF - 'underperform'

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FINANCIALS

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Oddo BHF raises Talanx price target to 72 (63) EUR - 'underperform'

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Goldman Sachs raises BNP Paribas to 'buy' (neutral) - price target 82.60 (74.70) EUR

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RBC cuts Barclays price target to 255 (265) pence - 'outperform'

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UBS raises 3i Group price target to 3200 (2800) pence - 'buy'

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RBC cuts Schroders price target to 380 (430) pence - 'sector perform'

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Barclays raises Santander to 'overweight' (equal weight)

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Bank of America raises M&G price target to 250 (245) pence - 'buy'

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Bank of America raises 3i group price target to 3,055 (2,850) pence - 'buy'

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HEALTH CARE

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Jefferies raises Merck KGaA price target to 190 (188) EUR - 'buy'

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UBS raises Merck KGaA price target to 186 (172) EUR - 'buy'

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SocGen cuts Bayer price target to 30 (57) EUR - 'hold'

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INDUSTRIALS

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Goldman Sachs raises Smiths Group price target to 2,250 (2,220) pence - 'buy'

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Oddo BHF raises ABB price target to 40 (36) CHF - 'neutral'

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Berenberg raises Rheinmetall price target to 590 (425) EUR - 'buy'

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RBC raises Daimler Truck price target to 61 (57) EUR - 'outperform'

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RBC starts Paccar with 'sector perform' - price target 123 USD

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MWB Research raises Krones price target to 140 (135) EUR - 'buy'

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TECHNOLOGY

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JPMorgan raises Hensoldt price target to 38 (28) EUR - 'neutral'

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Jefferies raises SAP price target to 205 (200) EUR - 'buy'

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DZ Bank cuts fair value for United Internet to 31 (32) EUR - 'buy'

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MWB Research raises Nemetschek price target to 71 (68) EUR - 'sell'

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UTILITIES

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HSBC raises E.ON price target to 14.80 (13.60) EUR - 'buy'

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Morgan Stanley raises Enel to 'overweight' (equal-weight) - price target 7.50 (7) EUR

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