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analysts downgrade recommendations for major companies ahead of market opening
Analysts have made several adjustments to their recommendations for various companies. Notable changes include Deutsche Bank lowering Air France-KLM's sell recommendation to EUR 8.50 and JPMorgan downgrading Arkema and BASF to Underweight with targets of EUR 68.50 and EUR 45, respectively. Meanwhile, Genfit received a Buy rating from Van Lanschot Kempen, targeting EUR 9, and Nexity was initiated with a Buy coverage by CIC, targeting EUR 12.
Deutsche Bank upgrades Victrex to buy with target price of £12.80
Deutsche Bank has upgraded Victrex Plc from Hold to Buy, raising the price target to £12.80 from £11.60, following a 30% decline in its stock over the past year. Analysts highlight the company's strong cash generation, with a forecasted fiscal year 2025 free cash flow yield of 6.6% and a current dividend yield of 6.2%. Victrex shares are trading at attractive multiples compared to their 5-year averages, suggesting a positive outlook for investors.
analysts update recommendations and price targets for major european companies
Analysts have made several notable changes to their recommendations and price targets for various companies. Adecco Group was downgraded by Deutsche Bank, while Ahold Delhaize saw its target raised by KBC Securities. Anheuser-Busch Inbev received an upgrade from ING Bank, and Ferrari's target was increased by Jefferies. Other significant adjustments include downgrades for Porsche and Fevertree Drinks, alongside upgrades for companies like Victrex and Soitec.