Analysts have been revising their recommendations and price targets for various companies in Europe ahead of the market open. The updates include both downgrades and upgrades from major financial institutions such as JP Morgan, Barclays, and Goldman Sachs.
JP Morgan has maintained its Underweight recommendation for Adecco, while Barclays has downgraded Air France-KLM.
On the positive side, ArgenX has been reaffirmed as a buy by HC Wainwright & Co, and BioMérieux has seen an upgrade from Oddo BHF. In the tech and consumer sectors, Deliveroo has been upgraded by BNP Paribas Exane, while Delivery Hero has faced a downgrade. L'Oréal remains under scrutiny, while Orange has received an upgrade. Financial institutions like UBS Group and OVH Groupe have also made adjustments to their recommendations. Partners Group has seen its buy recommendation maintained by Citigroup, although the target price has been reduced. Just Eat Takeaway and Michelin have also been upgraded. In the industrials sector, Ströer has received an upgrade from JP Morgan.
These adjustments reflect the dynamic nature of the European markets and the constant reassessment of views by analysts.