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analysts update recommendations and price targets for major european companies
Analysts have updated their recommendations and price targets for several companies, reflecting varied market sentiments. Notable changes include Bakkafrost upgraded to Buy by DNB Markets, while Eni was downgraded to neutral by Redburn Atlantic. Other adjustments include price target reductions for TotalEnergies, UBS Group, and Bolloré, alongside upgrades for Inditex and Mowi.
barclays upgrades tomra systems citing growth in collection business
Barclays has upgraded Tomra Systems ASA to an "overweight" rating, highlighting growth potential in its Collection business amid increasing adoption of Deposit Return Schemes in Europe. The price target for Tomra's stock has been raised to NOK 190, reflecting an 18% upside. Despite challenges in the Recycling and Food divisions, analysts expect strong financial performance, projecting 13% revenue growth and 24% adjusted earnings per share growth from FY2024 to FY2027.
barclays upgrades tomra to overweight as stock rises on oslo exchange
Tomra's stock rose 5.5% to around NOK 172.3 after Barclays upgraded its recommendation to overweight, setting a target price of NOK 190. Analysts anticipate growth in Tomra's pawn business exceeding consensus for the quarter, though no short-term improvements are expected in the Recycling or Food divisions. The largest shareholder is Swedish investment company Latour, holding 21.1% of the capital and votes.
barclays upgrades tomra systems stock amid positive growth outlook
Barclays has upgraded Tomra Systems ASA from Equalweight to Overweight, raising the price target from NOK 165.00 to NOK 190.00, reflecting expectations of higher growth in the Collection business due to new Deposit Return Scheme legislation. This shift is anticipated to enhance demand for Tomra's recycling solutions, positioning the company for significant outperformance in the market. The new target indicates an approximate 18% upside potential from the stock's recent price.
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