Financial institutions issue updated ratings for Glencore, Symrise, and Argenx

Several major financial institutions have issued updated ratings and price targets for various companies.

UBS has upgraded Glencore from ‘Neutral’ to ‘Buy’, raising its price target to 6.50 GBP. Analysts cited strong marketing performance, a positive commodities basket, and upcoming divestments as key drivers.

In the fragrance and flavor sector, Jefferies maintained a ‘Buy’ rating for Symrise with a 110 Euro target, citing growth in pet care and successful new products, while Barclays maintained an ‘Equal Weight’ rating with a slightly higher target of 96 Euro.

Goldman Sachs maintained a ‘Buy’ rating for the Dutch antibody specialist Argenx, raising its price target to 982 Euro due to potential upside for its immunosuppressant Vyvgart.

Regarding construction software, Jefferies maintained a ‘Buy’ rating for Nemetschek, raising its target to 72 Euro following the acquisition of HCSS.

Finally, JPMorgan resumed an ‘Overweight’ rating for Akzo Nobel with a 72 Euro target, viewing the planned merger with Axalta as a strategic consolidation move with significant synergy potential.