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Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025

BUZZ-Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025 ** Jefferies remains cautious into European steel sector's Q2 reporting season and says demand recovery might be pushed to 2025 ** It says steel prices are close to the bottom, and expects infrastructure related demand to pick up in late H2 2024 or in 2025, after the U.S. presidential election ** Thus it expects outlook commentary into Q3 to be cautious ** Jefferies' top picks are still ArcelorMittal MT.LU in Europe, and Cle
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Danske Bank, Entain, Halma

EUROPE RESEARCH ROUNDUP-Danske Bank, Entain, Halma July 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Entain and Halma, on Wednesday. HIGHLIGHTS * Danske Bank DANSKE.CO : Berenberg initiates coverage with hold rating; PT DKK 215 * Entain ENT.L : JP Morgan cuts target price to 900p from 910p * Halma HLMA.L : JP Morgan raises target price to 2,350p from 2,000p * Novonesis NSISb.CO : JP Morgan raises target price to
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Bunzl, Relx, Rolls-Royce

EUROPE RESEARCH ROUNDUP-Bunzl, Relx, Rolls-Royce July 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Bunzl, Relx and Rolls-Royce, on Thursday. HIGHLIGHTS * Biomerieux BIOX.PA : Midcap raises to buy from hold * Bunzl BNZL.L : HSBC raises to buy from hold * Hennes & Mauritz HMB.ST : HSBC raises to buy from hold * Relx REL.L : Citigroup raises target price to 3525p from 3300p * Rolls-Royce RR.L : Barclays raises target price to 495p
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Huhtamaki, Ryanair and Wizz Air

EUROPE RESEARCH ROUNDUP-Huhtamaki, Ryanair and Wizz Air June 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Huhtamaki, Ryanair and Wizz Air, on Friday. HIGHLIGHTS * B&M European Value Retail BMEB.L : Morgan Stanley cuts to underweight from equal weight * Huhtamaki HUH1V.HE : Barclays raises to overweight from equal-weight * Ryanair RYA.I : Barclays cuts to equal-weight from overweight * Wizz Air WIZZ.L : Barclays cuts to underw
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Banco Bpm, Firstgroup, Xps Pensions

EUROPE RESEARCH ROUNDUP-Banco Bpm, Firstgroup, Xps Pensions June 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco Bpm, Firstgroup and Xps Pensions Group, on Tuesday. HIGHLIGHTS * Banco Bpm BAMI.MI : Morgan Stanley cuts to equal weight from overweight * Firstgroup Plc FGP.L : RBC raises target price to 200p from 195p * JCDecaux SE JCDX.PA : Deutsche Bank cuts to hold from buy * Next Plc NXT.L : HSBC raises target price to 9,
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JPM sees stronger EU protectionism as likely tailwind for domestic steel demand

BUZZ-JPM sees stronger EU protectionism as likely tailwind for domestic steel demand ** J.P.Morgan sees stronger EU protectionism measures as a likely tailwind for domestic steel consumption and places ArcelorMittal MT.AS on positive Catalyst Watch into Q2 results ** It estimates that new measures could reduce HRC import volumes by nearly 2Mt/year,
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As Europe struggles to cut debt, Sweden eyes more spending

RPT-ANALYSIS-As Europe struggles to cut debt, Sweden eyes more spending Repeats Wednesday's story without changes By Simon Johnson STOCKHOLM, May 29 (Reuters) - While much of Europe faces tough choices about how to cut budgets to bring down soaring debt, thrifty Sweden has a more enviable dilemma: how to use its strong public finances to face up to the mounting challenges ahead.
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As Europe struggles to cut debt, Sweden eyes more spending

RPT-ANALYSIS-As Europe struggles to cut debt, Sweden eyes more spending Repeats Wednesday's story without changes By Simon Johnson STOCKHOLM, May 29 (Reuters) - While much of Europe faces tough choices about how to cut budgets to bring down soaring debt, thrifty Sweden has a more enviable dilemma: how to use its strong public finances to face up to the mounting challenges ahead.
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As Europe struggles to cut debt, Sweden eyes more spending

ANALYSIS-As Europe struggles to cut debt, Sweden eyes more spending By Simon Johnson STOCKHOLM, May 29 (Reuters) - While much of Europe faces tough choices about how to cut budgets to bring down soaring debt, thrifty Sweden has a more enviable dilemma: how to use its strong public finances to face up to the mounting challenges ahead. Decades of prudence have left Sweden with public finances the envy of the continent, prompting a debate about whether strict budget rules - credited with rescuing S
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SSAB And Loimua Agree On Utilization Of Waste Heat From SSAB Hämeenlinna

BRIEF-SSAB And Loimua Agree On Utilization Of Waste Heat From SSAB Hämeenlinna May 14 (Reuters) - SSAB AB SSABa.ST : WASTE HEAT FROM SSAB HÄMEENLINNA TO BE USED IN DISTRICT HEATING NETWORK SSAB AND ENERGY COMPANY LOIMUA HAVE AGREED ON UTILIZATION OF WASTE HEAT FROM SSAB HÄMEENLINNA (FINLAND) IN HÄMEENLINNA DISTRICT HEATING NETWORK LOIMUA HAS TA
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Alfa Laval, OMV AG, Unilever Plc

EUROPE RESEARCH ROUNDUP- Alfa Laval, OMV AG, Unilever Plc May 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alfa Laval, OMV AG and Unilever Plc, on Tuesday. HIGHLIGHTS * Alfa Laval ALFA.ST : JP Morgan raises target price to SEK 385 from SEK 325 * Babcock International BAB.L : Citigroup raises target price to 640p from 530p * OMV AG OMVV.VI : Morgan Stanley raises to equal weight from underweight * SKAN Group AG SKAN.S : Baader
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Finnish steelmaker Outokumpu's Q1 core profit misses estimates due to strike in Finland

UPDATE 2-Finnish steelmaker Outokumpu's Q1 core profit misses estimates due to strike in Finland Adds context on Europe in paragraphs 8-10, shares in 3 By Jagoda Darlak May 7 (Reuters) - Finnish stainless steel maker Outokumpu OUT1V.HE on Tuesday reported first-quarter core profit below market expectations due to industrial action in Finland and a tighter scrap market.
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EU should do more to curb steel imports from Asia, says Acerinox CEO

EU should do more to curb steel imports from Asia, says Acerinox CEO By Matteo Allievi April 26 (Reuters) - The boss of Spanish steelmaker Acerinox ACX.MC says the European Union should do more to curb steel imports from Asia, which are hurting some of the EU's mills as demand and prices weaken. "China raised steel production by 13% in 2023 while the rest of the world lowered it due to weaker demand.
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Sweden's SSAB rises on first-quarter EBITDA beat

BUZZ-Sweden's SSAB rises on first-quarter EBITDA beat ** Shares in SSAB SSABa.ST rise as much as 8.1%, after the Swedish steelmaker posted Q1 earnings before interest, taxes, depreciation and amortization, falling less than forecast ** Stock last up 3% ** SSAB posts 4.14 billion Swedish crowns ($12.94 million) for the quarter, beating consensus by 18%; adding it sees "fairly stable" demand in Q2 ** "Q1 EBITDA beat driven by Special Steels and Europe" - Jefferies ** In a pre-market note, Jefferie
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Sweden's SSAB sees 'fairly stable' Q2 steel demand, shares rise

UPDATE 3-Sweden's SSAB sees 'fairly stable' Q2 steel demand, shares rise Adds shares in 6th paragraph, analyst comments in paragraphs 7, 10, adds background in paragraph 11 By Marta Frackowiak April 24 (Reuters) - Swedish steelmaker SSAB SSABa.ST said on Wednesday it expects underlying demand to be "fairly stable" in the second quarter after reporting better-than-expected first-quarter results even as prices and demand in Europe remained weak.
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SSAB Says Tibnor, Ruukki Construction's Cost Saving Programs To Have Positive Impact In Coming Quarters

BRIEF-SSAB Says Tibnor, Ruukki Construction's Cost Saving Programs To Have Positive Impact In Coming Quarters April 24 (Reuters) - SSAB AB SSABa.ST : TIBNOR AND RUUKKI CONSTRUCTION HAVE IMPLEMENTED COST SAVING PROGRAMS, INCLUDING REDUCTION OF PERSONNEL, WHICH WILL CONTINUE TO HAVE POSITIVE IMPACT IN COMING QUARTERS Source text: https://tinyurl.com/
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Sweden's SSAB Q1 operating profit beats forecasts

Sweden's SSAB Q1 operating profit beats forecasts April 24 (Reuters) - Swedish steelmaker SSAB SSABa.ST reported on Wednesday a 33% drop in first-quarter adjusted operating profit due to lower prices and weak demand in Europe, although the result was much stronger than analysts had expected. Reporting by Marta Frąckowiak in Gdansk; Editing by Jose
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High Chinese exports still a headwind to European steel, JPM says

BUZZ-High Chinese exports still a headwind to European steel, JPM says ** J.P.Morgan says record Chinese exports will likely weigh on European steel equities that are up 7% since March due to an upturn in global manufacturing PMIs ** China steel exports increased by around 30% in Q1 from a year earlier as domestic demand was weak, the broker says ** It expects EMEA mining equities to have a broader exposure to global PMI rebounds in Q2, with Anglo American AAL.L , Rio Tinto RIO.L and Norsk Hydro
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