Europe Research Roundup: BAE Systems, Scania, Volkswagen and Volvo
24/02/2014 18:35
Feb 24 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including BAE Systems, Bankia, Scania, Volkswagen and Volvo, on Monday.
HIGHLIGHTS
* BAE Systems BAES.L : Investec raises to add; Natixis, UBS cut target price
* Bankia BKIA.MC : Natixis cuts to reduce from neutral
* Eni SpA ENI.MI : Barclays cuts to equal weight from overweight
* Scania SCVb.ST : Barclays, JP Morgan upgrade rating on the stock; SocGen raises target
* SES SESFd.PA : ESN/CM - CIC Securities cuts to accumulate; Natixis, Barclays up target
* Volkswagen VOWG_p.DE : BofA Merrill, Natixis downgrades co; Barclays, Exane cuts target
* Volvo VOLVb.ST : Citigroup raises to buy from neutral
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Aer Lingus Group AERL.I : Investec ups target to 1.74 euros from 1.67 euros; rating buy
* Air France KLM AIRF.PA : Oddo Securities raises to buy from neutral
* Associated British Foods ABF.L : Panmure raises target to 2760p from 2500p; rating hold
* Associated British Foods ABF.L : S&P Capital IQ raises target to 3000p from 2670p; hold
* Atlantia ATL.MI : UBS cuts to neutral from buy
* Atlantia ATL.MI : UBS raises price target to 18 euros from 17 euros
* Aviva PLC AV.L : JP Morgan raises target price to 491p from 486p; rating overweight
* AXA SA AXAF.PA : Helvea cuts to hold from buy rating
* Axway Software AXW.PA : SocGen raises target price to 29 euros from 26 euros; rating buy
* BAE Systems BAES.L : UBS cuts price target to 460p from 500p; rating buy
* BAE Systems BAES.L : Natixis cuts target price to 370p from 400p; rating reduce
* BAE Systems BAES.L : Investec raises to add from hold; cuts target to 430p from 450p
* Bankia BKIA.MC : Natixis cuts to reduce from neutral
* Balfour Beatty PLC BALF.L : Deutsche Bank cuts to hold from buy
* BBVA BBVA.MC : Socgen cuts target price to 8.80 euros from 9.1 euros; rating hold
* Bolsas BME.MC : UBS raises price target to 18.50 euros from 17 euros; rating sell
* Bovis Homes Group BVS.L : Jefferies raises target price to 1168p from 1036p; rating buy
* Bovis Homes Group BVS.L : Numis raises target price to 960p; keeps hold rating
* BP PLC BP.L : Deutsche Bank raises target price to 540p from 520p; rating buy
* BT Group BT.L : Berenberg raises target price to 460p from 411p; rating buy
* Clariant CLN.VX : Vontobel raises target price to Sfr 20 from Sfr 18; rating buy
* CNP Assurances CNPP.PA : Barclays ups target to 13 euros from 12 euros; underweight
* Cor&Fja FJHG.DE : DZ Bank raises fair value to 1.40 euros from 1.15 euros
* Danske Bank DANSKE.CO : Barclays ups target to Dkk 127 from Dkk 126; rating underweight
* Deutsche Post AG DPWGn.DE : S&P Capital raises price target to 29 euros from 28 euros
* Dialight PLC DIAL.L : Canaccord Genuity cuts target to 1000p from 1150p; rating buy
* DMG Mori Seiki GILG.DE : ESN/Equinet ups target to 30 euros from 26 euros;accumulate
* DNB ASA DNB.OL : Barclays raises target price to Nok 133 from Nok 132; rating overweight
* Duro Felguera MDF.MC : ESN/BEKA finance cuts to reduce from hold
* Duro Felguera MDF.MC : ESN/BEKA finance cuts target price to 4.85 euros from 5.85 euros
* Dunelm Group DNLM.L : Citigroup raises target price to 1075p from 1040p; rating buy
* Elekta EKTAb.ST : UBS cuts price target to Sek 90 from Sek 98; rating neutral
* Eni SpA ENI.MI : Barclays cuts to equal weight from overweight
* Fresenius SE FREG.DE : ESN/Equinet ups target to 125 euros from 104 euros;accumulate
* GN Store Nord GN.CO : Morgan Stanley raises target price to Dkk 156 from Dkk 151
* Henkel HNKG_p.DE : Credit Suisse ups target to 74 euros from 72.50 euros; underperform
* HSBC Holdings HSBA.L : Canaccord Genuity cuts target price to 750p from 825p; rating buy
* Informa Plc INF.L : Numis raises rating to buy from add; price target 645p
* Inside Secure INSD.PA : Natixis raises target to 3 euros from 2.5 euros; rating neutral
* Iren IREE.MI : Kepler Cheuvreux cuts to reduce from hold
* John Wood Group WG.L : Investec raises target price to 795p from 720p; rating buy
* First Quantum Minerals FQM.L : Jefferies raises target to 1400p from 1300p; rating buy
* Kering PRTP.PA : JP Morgan cuts price target to 160 euros from 165 euros; rating neutral
* Kering PRTP.PA : Bernstein cuts price target to 165 euros from 170 euros; rating market
* Ladbrokes LAD.L : Deutsche Bank cuts target price to 177p from 196p; rating buy
* Lem Holding LEHN.S : Berenberg raises target price to Sfr 661 from Sfr 646; rating hold
* Luxempart LUXP.LU : ESN/Bank Degroof raises target to 30.50 euros from 28.60 euros; hold
* Mail.Ru Group MAILRq.L : Pacific Crest cuts target to $44 from $47; rating outperform
* Mapfre MAP.MC : Berenberg cuts target price to 3.18 euros from 3.20 euros; rating hold
* Maurel Et Prom MAUP.PA : SocGen cuts to sell from hold rating
* Nexans SA NEXS.PA : Berenberg raises target price to 36.70 euros from 34 euros; hold
* Nordea Bank NDA.ST : Barclays raises target to Sek 103 from Sek 102; rating overweight
* Omega Diagnostics ODX.L : Finncap raises price target to 35p
* OMV OMVV.VI : Credit Suisse raises target to 31.50 euros from 29.80 euros; underperform
* Playtech PTEC.L : Morgan Stanley raises target to 880p from 850p; rating overweight
* QSC AG QSCG.DE : JP Morgan raises to overweight from neutral
* Randgold Resources RRS.L : Investec cuts to hold from buy
* Randgold Resources RRS.L : Investec raises price target to 4657p from 4306p
* Reinet Investments REIJ.J : UBS starts with buy; price target 28.50 rand
* Rightmove RMV.L : Canaccord Genuity cuts to hold from buy
* RSA Insurance Group RSA.L : Panmure raises to hold from sell
* Saint Gobain SGOB.PA : UBS raises price target to 43 euros from 40 euros;rating neutral
* Saint Gobain SGOB.PA : Exane BNP Paribas raises to outperform from neutral
* Scania SCVb.ST : Barclays raises to equal weight from underweight
* Scania SCVb.ST : Barclays raises target to Sek 200 from Sek 121
* Scania SCVb.ST : JP Morgan raises to neutral from underweight
* Scania SCVb.ST : JP Morgan raises price target to Sek 200 from Sek 127
* Scania SCVb.ST : SocGen raises target price to Sek 195 from Sek 140; rating hold
* SES SESFd.PA : Barclays raises target to 27.30 euros from 26.50 euros; rating overweight
* SES SESFg.LU : Natixis raises price target to 24 euros from 20.5 euros; rating neutral
* SES SESFd.PA : ESN/CM - CIC Securities cuts to accumulate from buy
* SES SESFd.PA : ESN/CM - CIC Securities raises target price to 28 euros from 26 euros
* Severn Trent SVT.L : RBC raises to sector perform from underperform
* Severn Trent SVT.L : RBC raises target to 1850p from 1550p
* Skandinaviska Enskilda SEBa.ST : Barclays ups target to Sek 104 from Sek 103; overweight
* Spirit Pub Company SPRTC.L : Jefferies cuts to hold from buy
* Spirit Pub Company SPRTC.L : Jefferies raises target price to 85p from 75p
* Svenska Handelsbanken SHBa.ST : Barclays ups target to Sek 328 from Sek 323;equal weight
* Swedbank SWEDa.ST : Barclays cuts target to Sek 182 from Sek 184; rating equal weight
* Swiss Re SRENH.VX : JP Morgan cuts target to Sfr 79 from Sfr 80; rating underweight
* Tate & Lyle TATE.L : Canaccord Genuity cuts to hold rating, target price to 660p
* Technip TECF.PA : Natixis raises target price to 71 euros from 69 euros; rating neutral
* Temenos Group TEMN.S : Vontobel raises target price to Sfr 40 from Sfr 31; rating buy
* Tenaris SA TENR.MI : Natixis cuts target to 13.6 euros from 14.6 euros; rating reduce
* Total TOTF.PA : Barclays raises to overweight from equal weight
* Tullow Oil TLW.L : Credit Suisse cuts price target to 1000p from 1025p; rating neutral
* United Carpets Group UCG.L : Cantor Fitzgerald raises target to 10p from 5p; rating buy
* Vinci SA SGEF.PA : Deutsche Bank cuts to hold from buy
* Volkswagen VOWG_p.DE : Barclays cuts to equal weight from overweight
* Volkswagen VOWG_p.DE : Barclays cuts target to 202 euros from 225 euros
* Volkswagen VOWG_p.DE : Natixis cuts to neutral from buy
* Volkswagen VOWG_p.DE : Exane BNP Paribas cuts target to 192 euros from 219 euros;neutral
* Volkswagen VOWG_p.DE : BofA Merrill cuts to neutral from buy
* Volkswagen VOWG_p.DE : BofA Merrill cuts target to 188 euros from 215 euros
* Volvo VOLVb.ST : Citigroup raises to buy from neutral
* Volvo VOLVb.ST : Citigroup raises target price to Sek 117 from Sek 87
(Compiled by Archana Lakshmi Narasiah and Fareha Khan in Bangalore)
((archana.narasiah@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6677
1190)(Reuters messaging:archana.narasiah.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/