Bernstein analyst Toni Sacconaghi notes that Tesla reported Q2 deliveries of 255,000, down from 310,000 in Q1, and below muted consensus expectations of 261,000. The analyst believes that the shortfall in deliveries was attributable to a slower than expected re-ramp of the Shanghai facility, particularly in May. Furthermore, Sacconaghi thinks Tesla's full year 2022 goal of 1.5M deliveries or 60% growth is "potentially a stretch," but 50% growth or 1.4M units "appears plausible," with expanding production in China and incremental contribution from Berlin and Austin. The key question for the quarter is profitability, the analyst argues. While recent comments from Musk that Austin and Berlin are "gigantic money furnaces right now" losing "billions of dollars" are likely, Sacconaghi believes that they signal some potential profitability pressure amid slow ramps and rising input costs. He has an Underperform rating and a price target of $450 on the shares.

Deutsche Bank analyst Roshan Ranjit lowered the firm's price target on Telenet to EUR 28 from EUR 39 and keeps a Hold rating on the shares. Scope for competition adds to concerns, material earnings cut, the analyst argues.

Deutsche Bank analyst Andre Juillard raised the firm's price target on Sodexo to EUR 94 from EUR 93 and keeps a Buy rating on the shares following Q3 revenues. The analyst notes Group Sales were far stronger than expected and annual guidance was confirmed both for the top line and the Underlying Operating Profit margin close to 5% at a constant rate, excluding any accounting changes.

Deutsche Bank analyst Falko Friedrichs lowered the firm's price target on Siemens Healthineers to EUR 64 from EUR 71 and keeps a Buy rating on the shares ahead of quarterly results. The analyst expects solid underlying organic growth of 3%, excluding COVID antigen test sales. In reported terms, Friedrichs forecasts 4% sales growth in Q3. However, the analyst expects a 17% decline in adjusted EBIT, due to ongoing supply chain pressure, lockdowns in China, and lower antigen test sales.

Deutsche Bank analyst Gael de-Bray lowered the firm's price target on Sandvik to SEK 230 from SEK 260 and keeps a Buy rating on the shares. In a research note on Friday, the analyst cited rising interest rates and macro uncertainties.

Deutsche Bank analyst Christophe Menard raised the firm's price target on Dassault Aviation to EUR 200 from EUR 198 and keeps a Buy rating on the shares ahead of quarterly results. While he expects sales to be down 7%, EBIT and net income should be broadly stable year-on-year. Net cash should rise on the back of the UAE Rafale prepayment, he adds.