Report published October 1, 2026
European Equity Daily – Jefferies Research Report (October 1, 2026)
Jefferies · October 1, 2026
Jefferies European Equity Daily summarizes equity research notes and previews published over the past 24 hours across Europe, the US, and Asia. Highlights include Fresenius acquiring the remaining 45% of mAbxience, BAT's CMD review, an Underperform stance on Lindt, and initiating Lotus Bakeries at Buy.
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Finvaulta summarizes Jefferies's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Fresenius completed the acquisition of the remaining 45% stake in mAbxience for up to €750m, gaining 100% control of its high-margin biosimilar business.
- 2.BAT's Capital Markets Day provided reassurance around Next Gen Products as a multi-year growth engine, with disciplined cost control supporting margins and Buy reiteration.
- 3.Lindt & Sprüngli PT lowered 14% to CHF 83,580 and maintained at Underperform following a guidance cut and continuing downside risk to profit margins.
Table of Contents
- In Case You Missed It
- Adding to the Basket
- Autos Updates
- Data Points
- Best of the Rest
- Global Highlights
- Expert and Corporate access
- Research – Summary
- Focus European Research
- Breaking News
- All European Research
- All US Research
- All Asia Research
Report data
European Equity Daily Front Cover Graphic
| Metric | Estimate | Context |
|---|---|---|
| mAbxience acquisition price | 750 EUR million | Fresenius acquiring remaining 45% stake in mAbxience |
| mAbxience 2025 revenue | 320 EUR million | Revenue generated by mAbxience in 2025, implying c.5.2x EV/Sales |
| Lindt & Sprüngli Price Target | 83580 CHF | Target lowered by 14% following guidance cut |
| British American Tobacco Price Target | 5600 GBp | Reiterating Buy rating and £56 PT |
Reports in this series
European Equity Daily is shown in chronological order through this edition, published on October 1, 2026.
Part of the European Equity Daily series — view all 7 editions
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