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-Top of the Street: BP, Lufthansa, Ocado A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Morgan Stanley cuts British oil firm BP BP.L to "equal weight" from "overweight", saying Q2 results of European energy groups are "unlikely" to surprise positively ** Stifel cuts Lufthansa LHAG.DE to "sell" from "hold", expecting "severe" pressure on consensus estimates for the German airline following Friday's profit warning ** Bernstein cuts Ocado OCDO.L to "un

BUZZ-Stifel cuts Lufthansa to 'sell' on yields pressure, higher costs, inefficient capacity growth ** Stifel cuts the German carrier Lufthansa LHAG.DE to "sell" from "hold", citing yields pressure, higher costs and inefficient capacity growth ** The company last week slashed its 2024 earnings guidance for a second time and issued a profit warning f

EUROPE RESEARCH ROUNDUP-Anglo American Plc, Capricorn Energy, Ericsson July 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American Plc, Capricorn Energy and Ericsson, on Monday. HIGHLIGHTS * Anglo American Plc AAL.L : Barclays raises target price to 2740p from 2600p * Capricorn Energy CNE.L : Peel Hunt raises to add from hold * Ericsson ERICb.ST : Jefferies raises target price to SEK 82 from SEK 70 * Glencore GLEN.L : Ba

BUZZ-Air France-KLM falls as HSBC downgrades to 'hold' ** Shares of Air France-KLM AIRF.PA are down 1% after falling as much as 2.4% as HSBC downgraded to "hold" from "buy" ** It flags low traffic due to the Olympics and weaker efforts to restructure company cost base by the new French government ** "Unit costs increased by 4% YoY in Q1, and the co

BUZZ-Lufthansa turns negative after guidance cut ** Shares in Lufthansa LHAG.DE reverse course and fall as much as 3.8% after the German carrier cuts its FY earnings guidance, due to market-related decline in yields in all traffic regions, especially in Asia ** "Market was somewhat expecting this in the context that if you looked at the short inter

UPDATE 3-Germany's Lufthansa cuts 2024 profit target for a second time Updates share moves in paragraph 3, context on earlier profit warning in paragraph 8 By Joanna Plucinska, Ludwig Burger and Ozan Ergenay LONDON/FRANKFURT, July 12 (Reuters) - Deutsche Lufthansa LHAG.DE slashed its 2024 earnings guidance for a second time and issued a profit warning for its second quarter on Friday as one of Europe's top airlines struggles with low returns and operations problems.

Lufthansa cuts 2024 earnings target on low yields FRANKFURT, July 12 (Reuters) - German airline group Deutsche Lufthansa LHAG.DE on Friday slashed its earnings guidance for the year, citing low yields. Lufthansa now expects adjusted 2024 earnings before interest and taxes between 1.4 billion euros ($1.5 billion) and 1.8 billion, down from a previous target of about 2.2 billion, it said in a statement.

Norwegian Air to add environmental charge to fares, 'probably' in 2025 By Agata Rybska July 12 (Reuters) - Norwegian Air NAS.OL has become the latest airline to say it will add an environmental charge to its ticket prices, with CEO Geir Karlsen telling Reuters the move will "probably" be introduced next year. The budget airline currently adds a small biofuel charge for some corporate customers, which Karlsen described as "mariginal".

EUROPE RESEARCH ROUNDUP-Hargreaves Lansdown, Spectris, Wizz Air July 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Hargreaves Lansdown, Spectris and Wizz Air, on Friday. HIGHLIGHTS * Hargreaves Lansdown HRGV.L : JP Morgan raises target price to 684p from 671p * Spectris Plc SXS.L : Jefferies cuts target price to 4190p from 4435p * Spirax-Sarco SPX.L : Jefferies cuts target price to 9580p from 9690p * Weir Group WEIR.L : Jefferi

BRIEF-Lufthansa Plans To Cut Administrative Costs By 20% And Marketing Spending By 10%- Bloomberg News July 11 (Reuters) - LUFTHANSA PLANS TO CUT ADMINISTRATIVE COSTS BY 20% AND MARKETING SPENDING BY 10%- BLOOMBERG NEWS LUFTHANSA ALSO PLANS A HIRING FREEZE IN ADMINISTRATIVE FUNCTIONS AND PLANS TO POSTPONE OR CUT BACK CERTAIN OTHER PROJECTS - BLOOMB

BUZZ-European airlines slip after Delta's weaker-than-expected outlook ** Shares in European airlines briefly slip after Delta Air Lines DAL.N forecast lower-than-expected profits in the current quarter ** Lufthansa LHAG.DE and British Airways owner IAG ICAG.L are down between 1% and 2%. ** Ryanair RYA.I and Air-France KLM AIRF.PA also slipped but

UPDATE 5-Delta sees improvement in pricing power after discounting pressure hits Q3 outlook Rewrites first paragraph, updates share prices, adds comments from earnings call throughout By Rajesh Kumar Singh and Shivansh Tiwary July 11 (Reuters) - Delta Air Lines DAL.N o n Thursday said its pricing power will "significantly" improve August onwards as U.S.

BRIEF-Lufthansa Cargo: Expands Network And Adds New Destinations In China July 11 (Reuters) - Deutsche Lufthansa AG LHAG.DE : CARGO EXPANDS NETWORK AND ADDS NEW DESTINATIONS IN CHINA NEW STATIONS OPENED IN ZHENGZHOU AND SHENZHEN A TOTAL OF 19 DESTINATIONS IN ASIA-PACIFIC REGION Source text for Eikon: [ID:] Further company coverage: LHAG.DE Reportin

BUZZ-MS cuts Lufthansa on high exposure to corporate and longhaul ** Morgan Stanley cuts Lufthansa LHAG.DE to "underweight" from "equal weight" saying its exposure to the less consolidated long-haul market and a challenging growth outlook for corporate demand may mean it cannot fully benefit from its tight European widebody capacity ** Stock down 0

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

UPDATE 1-EU opens investigation into German state aid for Lufthansa Adds background in paragraphs 3-5, adds Lufthansa response in paragraph 6 July 8 (Reuters) - The European Commission has opened an investigation into the state aid granted by Germany to airline Lufthansa LHAG.DE during the COVID-19 pandemic in 2020, it said on Monday. The 6 billion euro ($6.5 billion) recapitalisation had been approved under the COVID Temporary Framework but was last year annulled by the EU's s econd-highest cou

EU opens investigation into German state aid for Lufthansa July 8 (Reuters) - The European Commission has opened an investigation into the state aid granted by Germany to airline Lufthansa LHAG.DE during the COVID-19 pandemic in 2020, it said on Monday. The 6 billion euro ($6.5 billion) recapitalisation had been approved under the COVID Temporary Framework but was last year annulled by the EU's General Court.

UPDATE 2-Lufthansa CEO optimistic about financial health of ITA Airways Adds context on Lufthansa M&A, Alitalia's troubled past By Joanna Plucinska and Klaus Lauer LONDON, July 5 (Reuters) - Lufthansa LHAG.DE sought to reassure investors about ITA's financial health on Friday after the German carrier won EU approval this week to buy 41% of the Italian airline, which remains under the shadow of its predecessor Alitalia.

Lufthansa CEO reassures investors of ITA Airways' financial health LONDON, July 5 (Reuters) - Lufthansa LHAG.DE executives on Friday sought to reassure investors about ITA Airways' financial health after it received EU approval this week to buy 41% stake of the Italian airline. Chief Executive Carsten Spohr said he expected ITA's business costs to