EUROPE RESEARCH ROUNDUP: Standard Chartered, AstraZeneca, RBS, Electrolux
25/03/2013 15:35
March 25 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Standard Chartered, Royal Bank of Scotland and Stada Arzneimittel
on Monday.
HIGHLIGHTS
* Euro Staffing: Jefferies cuts Sthree to hold, ups Ladbrokes to buy
* Standard Chartered : Morgan Stanley removes from most preferred list
* Electrolux : UBS raises target price to Sek 167 from Sek 160; rating neutral
* Stada Arzneimittel : JP Morgan raises to overweight from neutral
* AstraZeneca : Deutsche Bank raises target price to 3100p from 2800p
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Adecco : Jefferies raises price target to Sfr 57.50 from Sfr 49; rating hold
* Arkema : SocGen cuts target price to 84 euros from 90 euros; rating buy
* AstraZeneca : Deutsche Bank raises target price to 3100p from 2800p
* Astrazeneca : Exane BNP Paribas ups target price by 6 pct to 3300p; rating neutral
* Astrazeneca : Nordea raises target price to sek 300 from sek 280; rating sell
* Aviva : Investec cuts to reduce from buy; target price to 316p from 422p
* Axway Software : SocGen raises target price to 21 euros from 20 euros; rating buy
* Bank of Georgia : Renaissance Capital raises to buy from hold
* Bossard : Vontobel cuts target price to Sfr 150 from Sfr 160; rating hold
* Brenntag : Berenberg raises price target to 125 euros from 99 euros; rating hold
* Britvic : SocGen raises to hold from sell
* Britvic : SocGen raises target price to 440p from 370p
* Cineworld : N+1 Singer starts with buy rating; price target of 327p
* Compass Group : Deutsche Bank raises target price to 898p from 760p
* Credit Suisse : Morgan Stanley removes from most preferred list
* Daily Mail : Canaccord Genuity raises target price to 670p from 600p; rating hold
* Delta Lloyd : ABN-Amro raises target price to 17 euros from 13.5 euros; rating buy
* Drax Group : Liberum cuts to hold from buy
* Deutsche Euroshop : SocGen cuts to hold from buy
* Deutsche Euroshop : Natixis ups target to 28.5 euros from 27 euros;rating reduce
* Devro : N+1 Singer reinitiates with hold rating
* EG Solutions : Panmure raises target price to 103p from 92p; rating hold
* Electrolux : UBS raises target price to Sek 167 from Sek 160; rating neutral
* Endesa : JP Morgan cuts to underweight from neutral
* Endesa : JP Morgan cuts target price to 16.20 euros from 18.50 euros
*Enel :JP Morgan cuts to underweight from neutral;target to 2.60 euros from 3 euros
* Enel Green :JP Morgan cuts target to 1.82 euros from 2.23 euros;rating overweight
* Erste : Morgan Stanley removes from most preferred list
* France Telecom : Bernstein raises to market perform from underperform
* France Telecom : Bernstein raises price target to 8 euros from 7.25 euros
* Fortum : Kepler raises target price to 15 euros from 14 euros; rating hold
* Fortum : Credit Suisse raises target price to 14.20 euros from 13.8 euros
* Gas Natural : JP Morgan cuts to neutral from overweight
* Greene King : N+1 Singer starts with buy rating; price target of 760p
* Hays Plc : Jefferies raises price target to 120p from 115p; rating buy
* Hansen : HSBC starts with neutral; price target Dkk 216
* Havas : HSBC cuts target price to 5.10 euros from 5.20 euros; rating neutral
* Heineken : ING raises target price to 65 euros from 58.50 euros; rating buy
* HMS Hydraulic : Morgan Stanley cuts target to $6.30 from $7.20; rating overweight
* Homeserve : Espirito Santo cuts target price to 185p from 210p; rating sell
* Homeserve : UBS cuts target price to 215p from 250p; rating neutral
* HSBC : Credit Suisse raises target price to 790p; rating outperform
* Hufvudstaden : UBS cuts target price to Sek 93 from Sek 96; rating buy
* Iberdrola : JP Morgan cuts to underweight from neutral
* Iberdrola : JP Morgan cuts price target to 3.7 euros from 4.40 euros
* Iliad : Bernstein raises target to 180 euros from 170 euros; rating outperform
* Imperial Tobacco : UBS cuts target price to 2660p from 2745p; rating buy
* Infineon : Citigroup raises target to 6.20 euros from 5 euros; rating neutral
* InterContinental Hotels : Panmure ups target price to 1920p from 1724p; rating hold
* KBC : Morgan Stanley adds to most preferred list
* Krones : Berenberg Bank cuts to hold from buy
* Krones : Berenberg Bank raises price target to 55 euros from 50 euros
* Kuoni Reisen : Credit Suisse raises target to Sfr 300 from Sfr 250; rating neutral
* Ladbrokes Plc : Jefferies raises to buy from hold
* Ladbrokes Plc : Jefferies raises price target to 265p from 160p
* Lanxess : Exane BNP Paribas cuts target by 5 pct to 60 euros; rating neutral
* Lanxess : UBS cuts target price to 70 euros from 77 euros; rating buy
* Legal & General : Credit Suisse raises target price to 175p from 160p
* Lloyds Banking Group : Goldman Sachs raises target to 60p from 57p; rating neutral
* Lufthansa :Davy ups to outperform from neutral;target to 20.7 euros from 15 euros
* LSL Property : Finncap raises to buy from hold; target price to 360p from 290p
* Man : Deutsche Bank cuts to hold from buy
* Man : Deutsche Bank cuts target price to 82 euros from 94 euros
* Marston's : N+1 singer starts with buy rating; price target of 161p
* Michael Page : Jefferies raises price target to 520p from 460p; rating buy
* Millennium & Copthorne : Panmure raises target price to 475p from 353p; rating sell
* Mission Marketing : Finncap raises target price to 50p from 40p
* MLP : ESN/Equinet Bank raises to buy from accumulate
* New Britain Palm Oil Ltd : Panmure starts with buy rating; price target of 560p
* Nexity : HSBC cuts to neutral from overweight
* Phoenix Group : Deutsche Bank raises to buy from hold
* Phoenix Group : Deutsche Bank raises target price to 775p from 620p
* Phoenix Group : Canaccord Genuity ups target price to 725p from 715p; rating buy
* Prysmian : Exane BNP Paribas ups target by 11 pct to 21 euros; rating outperform
* Raiffeisen : Morgan Stanley adds to least preferred list
* Randstad : Jefferies starts with buy rating; price target of 38euros
* Remy Cointreau : Nomura cuts to reduce from neutral
* Remy Cointreau : Nomura cuts target price to 75 euros from 88 euros
* Renault : Natixis raises target price to 64 euros from 62 euros; rati