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JPM says extra pulp supply to weigh on prices for Nordic forestry firms

BUZZ-JPM says extra pulp supply to weigh on prices for Nordic forestry firms ** J.P.Morgan expects difficulties for Nordic forestry firms in the short term due to a potential decline in pulp prices ** New pulp supply from Cerrado and Liansheng might push prices temporarily below cost support in the near term, JPM says ** Medium-term outlook is rela
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Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Deutsche Bahn and Infineon Aug 5 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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B&M, LVMH, Ocado

EUROPE RESEARCH ROUNDUP-B&M, LVMH, Ocado July 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including B&M, LVMH and Ocado on Wednesday. HIGHLIGHTS * B&M BMEB.L : JP Morgan cuts target price to 469p from 471p * LVMH LVMH.PA : Jefferies cuts target price to EUR 690 from EUR 710 * Ocado OCDO.L : HSBC raises target price to 305p from 285p * SAP SE SAPG.DE : Jefferies raises target price to EUR 225 from EUR 210 * Tharisa Plc THST.L : Peel Hu
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Stora Enso expects high costs, market uncertainty to continue in 2024

UPDATE 2-Stora Enso expects high costs, market uncertainty to continue in 2024 Adds shares reaction in paragraph 2, analysts comments, background in 9-11 July 24 (Reuters) - Stora Enso STERV.HE expects pressure from high wood costs and market uncertainties to continue throughout 2024, the Finnish forestry firm said on Wednesday. The company's shares were down 4.7% at 0830 GMT.
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