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GLOBAL BROKER RATINGS: JPMorgan raises Fresnillo; Bernstein cuts VW

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

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BASIC RESOURCES

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JPMorgan raises Fresnillo to 'overweight' (neutral) - price target 750 (500) pence

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JPMorgan raises Anglo American target to 2,600 (2,300) pence - 'overweight'

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JPMorgan raises BHP Group price target to 2,700 (2,650) pence - 'neutral'

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JPMorgan cuts Rio Tinto price target to 6,630 (7,040) pence - 'overweight'

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Metzler raises Evonik price target to 25 (23) EUR - 'buy'

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CONSUMER DISCRETIONARY

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UBS cuts Lufthansa price target to 12.30 (13.60) EUR - 'buy'

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Stifel cuts Lufthansa price target to 11 (13) EUR - 'buy'

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Deutsche Bank cuts Lufthansa price target to 8.00 (8.80) EUR - 'hold'

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Bryan Garnier raises Adidas price target to 205 (175) EUR - 'neutral'

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Barclays raises Adidas price target to 231 (227) EUR - 'overweight'

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Oddo BHF raises Adidas price target to 242 (230) EUR - 'outperform'

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Metzler raises Adidas price target to 231 (226) EUR - 'buy'

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Bernstein raises Adidas price target to 195 (185) EUR - 'market-perform'

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Warburg Research raises Adidas price target to 220 (162) EUR - 'hold'

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JPMorgan raises Adidas price target to 240 (227) EUR - 'overweight'

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UBS raises Adidas price target to 231 (228) EUR - 'buy'

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Metzler cuts Hugo Boss price target to 84 (86) EUR - 'buy'

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Deutsche Bank raises Beiersdorf price target to 125 (120) EUR - 'hold'

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RBC raises Stellantis price target to 31 (29) EUR - 'outperform'

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RBC cuts Tesla price target to 294 (298) USD - 'outperform'

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RBC cuts Volkswagen prefs price target to 140 (143) EUR - 'outperform'

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Berenberg cuts Beiersdorf price target to 166 (167) EUR - 'buy'

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Barclays cuts Beiersdorf price target to 151 (154) EUR - 'overweight'

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Goldman Sachs cuts B&M price target to 640 (680) pence - 'buy'

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Goldman Sachs cuts Continental AG price target to 62 (67) EUR - 'neutral'

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Goldman Sachs cuts LVMH price target to 992 (1,000) EUR - 'buy'

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RBC cuts BMW price target to 109 (113) EUR - 'sector perform'

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Barclays raises BMW price target to 95 (85) EUR - 'underweight'

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Bernstein raises BMW price target to 132 (122) EUR - 'outperform'

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Bernstein cuts Volkswagen 'market-perform' (outperform) - price target 150 (135) EUR

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Bernstein raises Renault price target to 64 (48) EUR - 'outperform'

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Bernstein raises Mercedes-Benz price target to 100 (85) EUR - 'outperform'

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RBC raises Mercedes-Benz price target to 91 (87) EUR - 'outperform'

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Bernstein raises Ferrari price target to 512 (448) USD - 'outperform'

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Bernstein raises Porsche price target to 110 (100) EUR - 'market-perform'

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CONSUMER STAPLES

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UBS cuts Philip Morris price target to 83 (85) USD - 'sell'

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FINANCIALS

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Barclays raises Zurich price target to 520 (515) CHF - 'overweight'

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Deutsche Bank raises Mediobanca target to 10.90 (9.90) EUR - 'sell'

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Deutsche Bank raises Bper Banca target to 4.70 (4.30) EUR - 'hold'

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Deutsche Bank raises Banco BPM target to 6.50 (6.10) EUR - 'hold'

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Metzler raises Deutsche Boerse price target to 217 (211) EUR - 'buy'

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Barclays raises Santander price target to 5.40 (5.30) EUR - 'overweight'

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HEALTH CARE

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Stifel cuts Bayer price target to 30 (42) EUR - 'hold'

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Oddo BHF raises Gerresheimer price target to 125 (123) EUR - 'outperform'

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Stifel reinitiates Gerresheimer with 'buy' - price target 130 EUR

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Deutsche Bank raises Carl Zeiss Meditec price target to 102 (98) EUR - 'hold'

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INDUSTRIALS

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RBC raises Ashtead Group price target to 5,300 (5,100) pence - 'sector perform'

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TELECOMMUNICATIONS

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JPMorgan reinitiates Orange with 'overweight' - price target 14.20 EUR

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Berenberg raises Vodafone price target to 78 (75) pence - 'hold'

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UTILITIES

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Goldman Sachs raises SSE price target to 2,424 (2,403) pence - 'buy'

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RBC cuts SSE price target to 1,925 (2,050) pence - 'outperform'

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Bernstein raises United Utilities target to 1,310 (1,240) pence - 'outperform'

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Bernstein raises Severn Trent to 'outperform' (market perform) - price target 2,760 (2,740) pence

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