Morningstar lowers AT&T to hold (buy), target price $26 ($25)

Bernstein downgrades Anglo American to market perform (outperform), maintains target price of £26

Deutsche Bank raises target price for Sandvik to 245 SEK (226), reiterates buy

BNP Paribas Exane raises target price for Ericsson to 75 SEK (70), reiterates underperform

Carnegie raises target price for Troax to 246 SEK (242), reiterates buy

Pareto Securities lowers target price for C-Rad to 47 SEK (49), reiterates buy

Pareto Securities raises target price for Note to 157 SEK (150), reiterates hold

Oddo downgrades Outokumpu to neutral (outperform), target price €3.40

Landesbank Baden-Württemberg raises target price for Ericsson to 90 SEK (68.50), reiterates hold

Arctic initiates coverage on Hoist with a buy rating and target price of 108 SEK

SEB downgrades Mandatum to hold (buy), target price €4.80

These recent analyst actions in the European market highlight the shifting sentiment towards major companies. Morningstar’s decision to lower AT&T to a hold rating indicates caution towards the stock, possibly due to concerns about its growth prospects or financial performance. On the other hand, Bernstein’s downgrade of Anglo American suggests a more cautious outlook on the mining company’s future performance, despite maintaining a positive target price.

Deutsche Bank’s decision to raise the target price for Sandvik reflects confidence in the company’s potential for growth and profitability. Similarly, Carnegie’s upward revision of Troax’s target price indicates optimism about the security company’s future prospects. However, Pareto Securities’ contrasting actions on C-Rad and Note show the nuanced assessments analysts make based on specific company dynamics.

Oddo’s downgrade of Outokumpu to neutral may be driven by concerns about the steel company’s competitive position or market conditions. Meanwhile, Landesbank Baden-Württemberg’s target price raise for Ericsson signals a more positive outlook on the telecommunications giant, despite maintaining a hold rating.

Arctic’s initiation of coverage on Hoist with a buy rating suggests a bullish view on the financial services company’s potential for growth and value creation. Lastly, SEB’s decision to downgrade Mandatum to hold may reflect broader market trends or specific company challenges.

Overall, these analyst actions provide valuable insights into the European market landscape and the varying perspectives on key companies. Investors should carefully consider these recommendations in conjunction with their own research and risk tolerance before making investment decisions.

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