EUROPE RESEARCH ROUNDUP-Britvic, Burberry, Prudential July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Burberry, and Prudential, on Tuesday. HIGHLIGHTS * Auction Technology Group ATG.L : RBC initiates coverage with sector perform rating; PT 540p * Britvic BVIC.L : HSBC raises target price to 1290p from 1100p * Burberry BRBY.L : JP Morgan cuts target price to 800p from 1050p * Prudential PRU.L : JP Morgan cuts target

BUZZ-Prada sinks to 5-month low amid weakness in key luxury groups ** Shares of Italian luxury group Prada 1913.HK drop 5.6% to HK$51, lowest since Feb. 16, tracking weakness in the performance of global luxury firms ** Prada stock on track for biggest one-day pct drop since Nov. 17 if trend holds ** German fashion house Hugo Boss BOSSn.DE on Monda

BUZZ-Richemont seen up 2% after small Q1 sales beat reassures ** Shares in Richemont CFR.S are seen up around 2% after the Swiss luxury goods group reported first-quarter sales slightly ahead of expectations, driven by growth at Jewellery Maisons ** At constant exchange rates sales rose by 1% compared to Visible Alpha consensus of 0.5% growth, cite

UPDATE 3-Weak China demand hurts sales at luxury goods firm Richemont adds further details ZURICH, July 16 (Reuters) - Sales at Cartier-owner Richemont CFR.S were a lmost f lat in the three months through June, the luxury group said on Tuesday, with a slump in Chinese demand pushing the overall result slightly below expectations. Richemont shares were dragged down on Monday by broader woes in the sector, and the earnings figures were more robust than some market players had expected.

Richemont says quarterly sales up 1% at constant exchange rates ZURICH, July 16 (Reuters) - Luxury group and Cartier-owner Richemont CFR.S reported a 1% rise in sales at constant exchange rates in the three months through June, though they were down 1% at current exchange rates, the company said on Tuesday. "At constant exchange rates, sales in the quarter ended 30 June 2024 rose by 1% to 5.3 billion euros ($5.77 billion), after growing by 19% in the prior-year period, demonstrating the Group's