Europe Research Roundup: Christian Dior, Publicis Groupe
28/07/2014 21:04
July 28 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Royal Bank Of Scotland, Freenet and Cap Gemini, on Monday.
HIGHLIGHTS
* Royal Bank Of Scotland RBS.L : JP Morgan, UBS upgrade the stock
* Christian Dior DIOR.PA : Raymond James cuts to market perform from outperform
* Freenet AG FNTGn.DE : Citigroup cuts to neutral from buy ID:nWNBB04VO7
* Adidas AG ADSGn.DE : Baird cuts to neutral from outperform
* GlaxoSmithkline Plc GSK.L : BofA Merrill cuts to neutral from buy - Theflyonthewall.com
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Adidas AG ADSGn.DE : Baird cuts to neutral from outperform
* Adler Modemaerkte ADDG.DE : DZ Bank AG cuts target to 12.50 euros from 13.00 euros; buy
* African Barrick Gold ABGL.L : BMO raises to outperform from market perform
* African Barrick Gold ABGL.L : UBS raises price target to 290p from 260p; rating buy
* African Barrick Gold ABGL.L : Deutsche Bank cuts target to 280p from 300p; rating buy
* African Barrick Gold ABGL.L : Numis raises to buy from hold rating
* Air France KLM AIRF.PA : Morgan Stanley raises target to 11.30 euros; equal weight
* Air Partner AIP.L : Liberum cuts to hold from buy; target price to 400p from 700p
* Andritz AG ANDR.VI : UBS cuts price target to 49 euros from 53 euros; rating buy
* Anglo American AAL.L : Renaissance Capital raises target to 1700p from 1600p; rating hold
* Anglo American AAL.L : UBS cuts to neutral from buy
* Anglo American AAL.L : SocGen raises target price to 1600p from 1500p; rating hold
* Atresmedia A3M.MC : Berenberg raises target price to 9.60 euros from 9 euros; rating sell
* Avanti Communications AVN.L : Cantor Fitzgerald starts with buy; target price of 360p
* Axway Software AXW.PA : Bryan Garnier cuts target to 26 euros from 33 euros; rating buy
* Bankinter SA BKT.MC : Nomura raises target to 4.95 euros from 4.70 euros; rating neutral
* Barclays Plc BARC.L : Nomura cuts target price to 275p from 300p; rating buy
* BNP Paribas SA BNPP.PA : RBC cuts target price to 56 euros from 57 euros; outperform
* British Sky Broadcasting Group BSY.L : Nomura raises to neutral from reduce
* British Sky Broadcasting Group BSY.L : Nomura raises target price to 900p from 870p
* British Sky Broadcasting Group BSY.L : S&P Capital IQ raises to sell from strong sell
* British Sky Broadcasting Group BSY.L : S&P Capital IQ raises target to 820p from 680p
* Cap Gemini CAPP.PA : SocGen raises to buy from hold; target to 62 euros from 58 euros
* Christian Dior DIOR.PA : Raymond James cuts to market perform from outperform
* Christian Dior DIOR.PA : ESN/CM - CIC Securities cuts target to 166 euros; rating buy
* Com Hem AB COMH.ST : Barclays starts with overweight; price target Sek 74
* COM Hem AB COMH.ST : Morgan Stanley starts with overweight rating; target price of Sek 67
* Cranswick Plc CWK.L : Numis cuts to hold from add rating
* Credit Agricole CAGR.PA : RBC cuts target to 12 euros from 12.8 euros; sector perform
* Danske DANSKE.CO : RBC raises target price to Dkk 140 from Dkk 130; rating underperform
* Deutsche Boerse DB1Gn.DE : DZ Bank cuts target to 62 euros from 66 euros; buy
* Deutsche Boerse DB1Gn.DE : Credit Suisse cuts target to 49 euros; rating underperform
* Deutsche Boerse DB1Gn.DE : RBC cuts to underperform; target to 54 euros from 60 euros
* Dia SA DID.MC : J P Morgan cuts price target to 5.95 euros from 6.70 euros
* Drillisch AG DRIG.DE : Citigroup starts with buy rating; target price of 42 euros
* eDreams Odigeo EDRE.MC : SocGen cuts target price to 6.5 euros from 11 euros; rating buy
* Electrocomponents ECM.L : UBS cuts to neutral rating; price target to 240p from 315p
* Electrocomponents Plc ECM.L : Jefferies cuts price target to 230p from 250p; rating hold
* Erste Group Bank ERST.VI : Nomura cuts target price to 24 euros from 26.50 euros; neutral
* Exel Composites EXL1V.HE : ESN/Pohjola raises to 8.60 euros from 6.90 euros; accumulate
* Freenet AG FNTGn.DE : Citigroup cuts to neutral from buy
* Freenet AG FNTGn.DE : Citigroup cuts target price to 20.50 euros from 26 euros
* Galenica GALN.S : UBS cuts to sell from neutral; target to Sfr 810 from Sfr 890
* Gamesa GAM.MC : ESN/Beka Finance raises target to 10 euros from 8.30 euros; rating hold
* GEA G1AG.DE : S&P Capital IQ cuts to hold from buy; target to 36.50 euros from 40 euros
* GlaxoSmithkline Plc GSK.L : BofA Merrill cuts to neutral from buy - Theflyonthewall.com
* Hargreaves Lansdown HRGV.L : Barclays cuts target to 1490p from 1550p; rating overweight
* Havas SA EURC.PA : Citigroup raises target price to 7 euros from 6.50 euros; rating buy
* Henderson Group Plc HGGH.L : RBC cuts to sector perform; target price to 265p from 280p
* Holcim Ltd HOLN.VX : Bernstein cuts target to Sfr 71 from Sfr 72; rating market-perform
* Home Retail HOME.L : Cantor Fitzgerald cuts target price to 185p from 215p; rating hold
* Krones AG KRNG.DE : DZ Bank raises target to 77.00 euros from 75.00 euros; rating buy
* Lafarge SA LAFP.PA : Jefferies cuts target price to 82 euros from 84 euros; rating buy
* Lafarge SA LAFP.PA : Natixis cuts target price to 76 euros from 77 euros; rating buy
* Lafarge SA LAFP.PA : S&P Capital IQ raises target price to 65 euros from 55 euros
* Lafarge SA LAFP.PA : S&P Capital IQ raises to hold from sell
* Lafarge SA LAFP.PA : Bernstein cuts target to 58 euros from 59 euros; market-perform
* Leonteq AG LEON.S : UBS cuts price target to Sfr 124 from Sfr 126; rating sell
* Logitech LOGN.S : Credit Suisse raises target to Sfr 16.30 from Sfr 15.70; outperform
* Lonmin Plc LMI.L : Investec raises price target to 248p from 239p
* Lonmin Plc LMI.L : Investec raises to hold from sell
* Lonmin Plc LMI.L : Deutsche Bank raises target price to 350p from 320p; rating buy
* Lonza LONN.VX : Credit Suisse raises target price to Sfr 101 from Sfr 95; rating neutral
* Lonza LONN.VX : S&P Capital IQ raises target price to Sfr 106 from Sfr 103; rating hold
* Lonza Group AG LONN.VX : Helvea raises target price to Sfr 116 from Sfr 110; rating buy
* Mitchells & Butlers Plc MAB.L : Deutsche Bank cuts target to 590p from 620p; rating buy
* National Grid Plc NG.L : S&P Capital IQ raises target to 900p from 789p; rating hold
* Naturex NATU.PA : Natixis cuts target price to 62 euros from 65 euros; rating neutral
* Nexans NEXS.PA : Morgan Stanley raises target to 37.50 euros from 36 euros; equal-weight
* Nexans NEXS.PA : Natixis raises to neutral from reduce; target to 34 euros from 33 euros
* Nexans NEXS.PA : SocGen cuts target price to 43 euros from 47 euros; rating buy
* Nexity NEXI.PA : SocGen cuts target price to 37 euros from 38 euros; rating buy
* Nordea NDA.ST : RBC raises target price to Sek 98 from Sek 97; rating sector perform
* Pearson Plc PSON.L : Barclays raises target to 1095p from 1035p; rating equal weight
* Pearson Plc PSON.L : Berenberg raises target price to 1160p from 1022p; rating hold
* Pearson Plc PSON.L : Numis raises target price to 1194p from 1189p; rating hold
* Petra Diamonds Ltd PDL.L : Numis cuts to add from buy; ups target to 240p from 220p
* Petroleum Geo Services PGS.OL : Barclays cuts price target to Nok 75 from Nok 85
* Petroleum Geo Services PGS.OL : Barclays cuts to equal weight from overweight
* Peugeot SA PEUP.PA : Natixis raises price target to 14 euros from 13 euros; rating buy
* Premier Farnell PFL.L : UBS cuts price target to 195p from 235p; rating neutral
* Publicis Groupe PUBP.PA : Citigroup cuts target price to 55 euros from 61.50 euros
* Publicis Groupe PUBP.PA : Citigroup cuts to sell from neutral
* Ramirent RMR1V.HE : ESN/ Pohjola cuts to accumulate from buy
* Randstad RAND.AS : KBC Securities raises to buy from hold
* Randstad RAND.AS : KBC Securities raises target price to 47 euros from 45 euros
* Reckitt Benckiser RB.L : Canaccord Genuity raises target to 4500p from 4100p; rating sell
* Reckitt Benckiser RB.L : Commerzbank raises target price to 5100p from 4700p; rating hold
* Reckitt Benckiser RB.L : S&P Capital IQ raises target to 4900p from 4600p; rating sell
* Reckitt Benckiser RB.L : Numis cuts to hold from add
* Reed Elsevier NV ELSN.AS : UBS raises target to 17 euros from 15 euros; rating neutral
* Reed Elsevier Plc REL.L : UBS raises price target to 970p from 880p; rating neutral
* Royal Bank Of Scotland RBS.L : Citigroup raises target to 330p from 300p; rating sell
* Royal Bank of Scotland RBS.L : JP Morgan raises target price to 360p from 320p
* Royal Bank of Scotland RBS.L : JP Morgan raises to neutral from underweight
* Royal Bank of Scotland RBS.L : Numis raises target price to 378p; rating hold
* Royal Bank of Scotland RBS.L : SocGen raises target price to 385p from 350p; rating hold
* Royal Bank Of Scotland RBS.L : UBS raises price target to 378p from 320p
* Royal Bank Of Scotland RBS.L : UBS raises to neutral from sell
* Royal Bank Of Scotland RBS.L : Credit Suisse ups target to 310p from 280p; underperform
* Royal Bank Of Scotland RBS.L : Deutsche Bank raises target to 335p from 325p; rating hold
* Royal Caribbean RCL.OL : S&P Capital IQ raises target to Nok 425 from Nok 375; rating buy
* Sanoma SAA1V.HE : ESN/Pohjola cuts to reduce from accumulate
* SEB SEBa.ST : RBC raises target price to Sek 99 from Sek 95; rating outperform
* SES SESFd.PA : S&P Capital IQ raises target price 32 euros from 28 euros; rating buy
* SES SESFd.PA : Barclays raises target to 30.25 euros from 29.30 euros; overweight
* SHB SHBa.ST : RBC raises target price to Sek 315 from Sek 300; rating underperform
* SHW AG SW1.DE : Commerzbank cuts target price to 54 euros from 60 euros; rating buy
* Societe Generale SOGN.PA : RBC cuts target price to 47 euros from 49 euros; outperform
* Soco International SIA.L : Jefferies raises to buy from hold; target to 480p from 400p
* Spectris Plc SXS.L : Morgan Stanley cuts target to 2540p from 2680p; rating overweight
* Spectris Plc SXS.L : Canaccord Genuity cuts to hold from buy; target to 2400p from 2700p
* Stallergenes GENP.PA : S&P Capital IQ cuts target to 58 euros from 61 euros; rating hold
* Standard Life Plc SL.L : JP Morgan cuts target price to 446p from 454p; rating overweight
* Statoil ASA STL.OL : Socgen cuts target price to Nok 176 from Nok 185; rating hold
* Storebrand STB.OL : Morgan Stanley ups target to Nok 38.10 from Nok 37.40; equal-weight
* Swedbank SWEDa.ST : RBC raises target to Sek 173 from Sek 172; rating sector perform
* TF1 TFFP.PA : Barclays cuts target to 13.50 euros from 14.50 euros; rating equal weight
* TF1 TFFP.PA : Citigroup cuts target price to 17 euros from 18 euros; rating buy
* TF1 TFFP.PA : Natixis cuts price target to 14.3 euros from 14.6 euros; rating buy
* TF1 TFFP.PA : ESN/CM - CIC Securities cuts target to 12.50 euros from 13.50 euros; hold
* Tikkurila TIK1V.HE : ESN/Pohjola cuts to reduce from hold
* Tomtom NV TOM2.AS : Barclays raises target to 3.80 euros from 3.50 euros; underweight
* Trinity Mirror TNI.L : Numis raises price target to 294p from 280p; rating buy
* Unilever NV UNc.AS : Citigroup raises target to 33 euros from 30 euros; rating neutral
* United Internet UTDI.DE : Citigroup cuts target to 31 euros from 36 euros; rating neutral
* United Utilities Group UU.L : S&P Capital IQ cuts to strong sell from sell
* United Utilities Group UU.L : S&P Capital IQ raises target price to 700p from 586p
* Uponor UNR1V.HE : ESN/Pohjola cuts to accumulate; target to 14 euros from 16 euros
* Volvo AB VOLVb.ST : Berenberg cuts target price to Sek 116 from Sek 117; rating buy
* Vossloh AG VOSG.DE : UBS cuts price target to 65 euros from 75 euros; rating neutral
* Vranken Pommery VRKP.PA : Barclays raises target to 26 euros from 25 euros; equal weight
* Weir Group Plc WEIR.L : RBC raises target price to 3050p from 2900p; rating outperform
* Wereldhave WEHA.AS : S&P Capital IQ raises target to 72 euros from 65 euros; rating hold
* Wessanen BSWSc.AS : ESN/SNS Securities raises to buy from accumulate
* Wincor Nixdorf AG WING.DE : DZ Bank AG cuts target to 44.00 euros from 53.00 euros; buy
(Compiled by Rachel Chitra, Archana Lakshmi Narasiah and Jai Ganesh in Bangalore)
((rachel.chitra@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80
67496149)(Reuters Messaging: rachel.chitra.reuters.com@reuters.net))
Keywords: RESEARCH EUROPE/