Börse Express – Analysts for Andritz, Mayr-Melnhof, Raiffeisen Bank International, Valneva, Varta and Verbund

Societe Generale confirms the Buy recommendation for Raiffeisen Bank International – and reduces its target price from EUR 20.0 to EUR 19.0. Last closing price: 15.05 euros – average target price: 18.02 euros.

Goldman Sachs re-rates Andritz with a Buy recommendation – and names EUR 41.0 as a target price. Last closing price: 33.74 euros – average target price: 38.25 euros.

Kepler Cheuvreux confirms the Buy recommendation for Mayr-Melnhof – and increases the target price from EUR 164.0 to EUR 166.0. Last closing price: 149.2 euros – average target price: 155.25 euros.

RCB confirms the hold recommendation – and increases its target price from EUR 150.0 to EUR 154.0.

Barclays confirms the recommendation equal to underweight for Verbund – and the target price from 44.0 to 43.0 euros. Last closing price: 54.2 euros – average target price: 44.83 euros.

First Berlin confirms the buy recommendation for Valneva – and reduces the target price from 9.1 to 8.4 euros. Now no longer the highest of all course targets. Last closing price: EUR 5.61 – average target price: EUR 7.31.

MM Warburg confirms Varta’s recommendation to sell – and increases its target price from EUR 80.0 to EUR 85.0. Also the lowest of all course targets. Last closing price: 114.8 euros – average target price: 119.6 euros.

.

Börse Express – Vienna Stock Exchange (opening) – ATX slips into the red in the morning / Profits in bank stocks curb downward movement of the ATX – Still no decision in the US presidential election

The Vienna Stock Exchange showed slight price losses on Friday morning. The domestic lead index ATX turned negative after initial spikes and lost 0.34 percent to 2,168.53 units by 10:05 a.m., the ATX Prime fell 0.33 percent to 1,108.71 points. The five-day profit streak of the leading index seems to be coming to an end for the time being.

There is still no decision in the US presidential election, but everything points to a victory for Joe Biden. In the midst of the hangover over the outcome of the US election, the Federal Reserve is preparing the ground for new economic aid. It left the key interest rate in the range of zero to 0.25 percent on Thursday and at the same time kept the door open for new emergency aid in the corona pandemic.

In addition, worries about rising corona numbers are likely to lead to increasing uncertainty again. “The virus continues to spread unchecked in the USA,” writes Commerzbank. The numbers are also increasing in Europe, but there are initial signs that the spread of the virus is slowing, the experts continue.

In Vienna, the heavily weighted banks have ensured that the ATX decline has not been quite as severe so far. Erste Group was able to gain 1.17 percent, BAWAG rose by 1.10 percent and Raiffeisen Bank International only posted a small minus of 0.15 percent. From a sector perspective, construction stocks fell. Strabag lost 1.32 percent, at Porr the minus was 1.30 percent so far.

After submitting quarterly figures, Polytec moved into focus among the individual values. The loss of the auto supplier increased to 10.4 million euros after nine months, after a profit of 14.1 million euros in the same period last year. After initial losses, the shares remained unchanged at EUR 5.70.

Andritz slipped 3.70 percent to 30.18 euros. Commerzbank and Deutsche Bank have raised the price target for the stocks after the results were presented the day before from EUR 36 to EUR 38 and confirmed the “Buy” recommendation.

kat / mik

 ISIN  AT0000999982

Copyright APA. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of APA is not permitted.

.

Börse Express – Analysts on Bawag, Erste Group, Raiffeisen Bank International, Verbund and voestalpine

Societe Generale confirms the Buy recommendation for Erste Group – and reduces its target price from EUR 26.0 to EUR 25.0. Last closing price: 18.34 euros – average target price: 27.3 euros.

HSBC confirms the recommendation to buy – and increases the target price from 27.0 to 28.0 euros.

HSBC increases Raiffeisen Bank International’s recommendation from Hold to Buy – and its price target from 17.0 to 18.0 euros. Last closing price: 13.34 euros – average target price: 19.18 euros.

HSBC confirms the Buy recommendation for Bawag – and increases its target price from EUR 44.0 to EUR 46.0. Last closing price: 34.24 euros – average target price: 40.98 euros.

Kepler Cheuvreux confirms the Reduce recommendation for voestalpine – and increases the target price from EUR 15.0 to EUR 16.0. Last closing price: 25.2 euros – average target price: 20.77 euros.

Kepler Cheuvreux increases the recommendation from Reduce to Buy for Verbund – and the price target from EUR 30.0 to EUR 60.0. From lowest to highest of all price targets. Last closing price: 52.15 euros – average price target: 43.8 euros.

(Bloomberg/red)

.

Börse Express – analysts on Bawag, Erste Group, Raiffeisen Bank International, Semperit, voestalpine and Zumtobel

JPMorgan ranks Erste Group with an overweight recommendation – and names 25.0 euros as a target price. Last closing price: 17.245 euros – average target price: 27.08 euros.

JPMorgan has given Raiffeisen Bank International a new rating of neutral – and names 16.7 euros as a target price. Last closing price: 12.98 euros – average target price: 19.12 euros.

Exane BNP Paribas confirms the underweight recommendation for voestalpine – and increases the target price from EUR 16.0 to EUR 17.3. Last closing price: EUR 24.05 – average target price: EUR 20.5.

Kepler Cheuvreux confirms Zumtobel’s buy recommendation – and reduces the price target from EUR 11.5 to EUR 8.5. Now ex aequo the highest of all course targets. Last closing price: 5.5 euros – average target price: 7.75 euros.

JPMorgan re-rates Bawag with an overweight recommendation – and names EUR 46.0 as a target price. Last closing price: 31.8 euros – average target price: 40.38 euros.

Erste Group increases Semperit’s recommendation from Hold to Accumulate – and its price target from EUR 17.7 to EUR 26.5. Now the highest of all course goals. Last closing price: 21.7 euros – average target price: 23.1 euros.

(Bloomberg/red)

.

Börse Express – analysts on Andritz, Bawag, Erste Group, OMV, Raiffeisen Bank International, Semperit, voestalpine

Morgan Stanley ranks Erste Group with the recommendation Equalweight – and names 25.0 euros as a target price. Last closing price: 17.28 euros – average target price: 27.11 euros.

Morgan Stanley re-classifies Raiffeisen Bank International with the recommendation Equalweight – and names 15.3 euros as a target price. Last closing price: 13.09 euros – average target price: 19.03 euros.

Morgan Stanley re-rates Bawag with an overweight recommendation – and names EUR 47.0 as a target price. Last closing price: 32.82 euros – average target price: 39.75 euros.

Goldman Sachs confirms the buy recommendation for Andritz – and increases the price target from 39.0 to 40.0 euros. Last closing price: 30.62 euros – average target price: 37.76 euros.

Oddo BHF confirms the neutral recommendation for voestalpine – and increases the price target from EUR 22.0 to EUR 24.0. Last closing price: 24.19 euros – average target price: 20.41 euros.

Morgan Stanley confirms the Equalweight recommendation for OMV – and reduces the price target from EUR 31.8 to EUR 29.1. Last closing price: 23.28 euros – average target price: 33.90 euros.

HSBC confirms the Buy recommendation for Semperit – and increases its target price from EUR 20.0 to EUR 25.0. Now ex-aequo the highest of all course targets. Last closing price: 22.85 euros – average target price: 21.34 euros.

(Bloomberg/red)

.