ANALYST RECOMMENDATIONS : Burberry, Comcast, FedEx, Netflix, PepsiCo...

Every morning, before the opening of the European markets, find a selection of analysts' recommendations covering the main markets of the old continent. The list includes only companies that have been the subject of a change of opinion or price target, or of a new follow-up. It may be updated during the session. This information is used to shed light on the movements of certain stocks or the market sentiment on a company.

 

• Auto Trader: Jefferies remains Buy with a price target reduced from GBp 790 to GBp 750.
• Burberry: Societe Generale reiterated Burberry's buy rating and reduced its price target to 21.42 pounds sterling from 23.00 pounds.
• Comcast: Daiwa Securities initiated coverage with a recommendation of outperform. PT set to $43.
• East West Bancorp: Wedbush downgrades to neutral from outperform. PT up 13% to $75.
• FedEx: Berenberg cut its recommendation to hold from buy. PT up 21% to $275.
• General Mills: Evercore ISI raises price target to $74 from $65, maintains in-line rating.
• Harley-Davidson: D.A. Davidson & Co initiated coverage with a recommendation of neutral. PT up 11% to $35.
• Huntington Bancshares: Wedbush downgrades to neutral from outperform. PT up 14% to $14.
• KeyCorp: Wedbush downgrades to neutral from outperform. PT up 14% to $20.
• Lancashire: Barclays moves from Overweight to Equal-Weight with GBp 482 target.
• Micron Technology: Piper Sandler adjusts price target to $50 from $70, reiterates underweight rating.
• Netflix: Truist Securities adjusts price target to $210 from $300, reiterates hold rating.
• Ocado: Jefferies maintains a Hold rating with a price target reduced from GBp 1,300 to GBp 875.
• Paramount Global: Daiwa Securities initiated coverage of Paramount Global Class B with a recommendation of neutral. PT set to $26.
• PepsiCo: Evercore ISI lowers price target to $180 from $185, maintains in-line rating.
• SVB Financial: Wedbush analyst downgrades to neutral from outperform. PT up 12% to $450.
• Webster Financial: Wedbush analyst downgrades to neutral from outperform. PT up 15% to $50.