EUROPE RESEARCH ROUNDUP: UniCredit, Nokia, BP, Merck, Volvo
30/10/2013 14:54
Oct 30 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Nokia and BP, on Wednesday.
HIGHLIGHTS
* UniCredit CRDI.MI : HSBC raises to overweight from neutral
* Nokia NOK.N : BMO, Canaccord Genuity, Cowen raise price target
* BP BP.L : SocGen raises to buy from hold
* Merck MRCG.DE : Berenberg raises price target to 115 euros from 92 euros; hold
* Petrofac PFC.L : Goldman Sachs raises to buy from neutral ID:nWNBB033MB
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Adecco ADEN.VX : JP Morgan raises price target to Sfr 77.79 from Sfr 70; overweight
* African Minerals AMIq.L : Renaissance capital cuts target to 246p from 415p; rating buy
* Amer Sports Oyj AMEAS.HE : Citigroup starts with buy; target price 19 euros
* Aquarius Platinum AQP.L : Goldman Sachs raises to neutral from sell
* Aryzta ARYN.S : UBS raises target price to Sfr 75 from Sfr 65; rating buy
* Associated British Foods ABF.L : Exane raises target to 2700p from 2400p; outperform
* Autogrill AGL.MI : Citigroup raises target price to 7.90 euros from 6.25 euros; buy
* Axway Software AXW.PA : SocGen raises target price to 26 euros from 21 euros; rating buy
* Belimo Holding BEAN.S : UBS raises target price to Sfr 2300 from Sfr 2150; neutral
* BHP Billiton BLT.L : Goldman Sachs raises price target to 1950p from 1900p; neutral
* Borregaard BRGD.OL : UBS raises target price to Nok 30 from Nok 28; rating buy
* BP BP.L : Goldman Sachs cuts price target to 440p from 450p; rating neutral
* BP BP.L : SocGen raises to buy from hold SocGen raises target price to 530p from 490p
* BP PLC BP.L : JP Morgan raises price target to 540P from 515P; rating overweight
* BP PLC BP.L : Natixis raises target price to 480p from 465p; rating neutral
* Deutsche Bank DBKGn.DE : ESN/Equinet Bank cuts target to 34 euros from 40 euros; hold
* Deutsche Boerse DB1Gn.DE : JP Morgan raises target to 54 euros from 51 euros; neutral
* Dialog Semiconductor DLGS.DE : Credit Suisse ups target to 12.40 euros from 11 euros
* Dialog Semiconductor DLGS.DE : HSBC cuts target to 17.5 euros from 18 euros; overweight
* Dialog Semiconductor DLGS.DE : Natixis cuts target to 17 euros from 18 euros; rating buy
* Dialog Semiconductor DLGS.DE : RBC cuts target to 17 euros from 18 euros; outperform
* DSV A/S DSV.CO : RBC cuts to sector perform from outperform
* DSV A/S DSV.CO : RBC raises price target to Dkk 170 from Dkk 160
* easyJet EZJ.L : Barclays raises to overweight from equal weight
* EMIS Group EMISG.L : N+1 singer raises to buy from hold
* Eutelsat Communications ETL.PA : UBS cuts target to 26.40 euros from 28 euros; buy
* Fugro NV FUGRc.AS : Goldman Sachs cuts to sell from neutral
* Gas Natural GAS.MC : Citigroup cuts to neutral from buy
* Gas Natural GAS.MC : Citigroup ups raises target to 18 euros from 12.50 euros
* Glanbia GL9.I : Cantor starts with buy; price target 11.90 euros
* GlaxoSmithKline GSK.L : JP Morgan cuts target to 1750p from 1900p; rating neutral
* Grifols GRLS.MC : Berenberg cuts price target to 32.10 euros from 32.85 euros; hold
* Grifols GRLS.MC : Exane BNP Paribas raises target to 39 euros from 35 euros; outperform
* Hugo Boss BOSSn.DE : UBS raises target price to 105 euros from 96 euros; rating buy
* John Wood Group WG.L : Goldman Sachs adds to conviction list; rating buy
* Jumbo BABr.AT : Citigroup raises target price to 9.75 euros from 7 euros; rating neutral
* Legal & General LGEN.L : JP Morgan raises target to 164p from 151p; rating underweight
* Linde LING.DE : HSBC cuts target price to 167 euros from 170 euros; rating overweight
* Linde LING.DE : UBS cuts target price to 142 euros from 147 euros; rating neutral
* Lookers LOOK.L : Panmure raises target price to 147p from 140p; rating buy
* M6 MMTP.PA : JP Morgan raises price target to 21 euros from 19.30 euros; overweight
* Melia Hotels MEL.MC : Morgan Stanley raises target to 9.80 euros from 7.50; overweight
* Merck KGaA MRCG.DE : Berenberg raises price target to 115 euros from 92 euros; hold
* Mersen CBLP.PA : Exane BNP Paribas raises target to 25 euros from 19 euros; neutral
* Mersen CBLP.PA : Natixis raises target price to 27 euros from 25 euros; rating buy
* Mersen CBLP.PA : SocGen raises target price to 28 euros from 26 euros; rating buy
* Michelin MICP.PA : HSBC cuts target price to 86 euros from 90 euros; rating overweight
* Nexity NEXI.PA : Exane BNP Paribas cuts target to 33 euros from 35 euros; outperform
* Nexity NEXI.PA : SocGen raises to buy from hold
* Next NXT.L : Cantor Fitzgerald raises target to 5200p from 5000p; rating hold
* Nokia NOK.N : BMO raises target price to $7 from $5; rating market perform
* Nokia NOK.N : Canaccord Genuity raises target price to $8 from $5.50; rating hold
* Nokia NOK.N : Cowen raises price target to $7.50 from $5; rating marketperform
* Nokia NOK1V.HE : Credit Suisse raises target to 6.50 euros from 6 euros; outperform
* Nokia NOK1V.HE : Natixis raises target to 4.6 euros from 4.3 euros; rating neutral
* Nokia NOK1V.HE : Citigroup raises target to 5.40 euros from 4.50 euros; neutral
* Nokia NOK1V.HE : Danske bank raises to buy from sell
* Nokia NOK1V.HE : Liberum raises target price to 6 euros from 5.7 euros; rating buy
* Oerlikon OERL.S : SocGen raises price target to Sfr 12.8 from Sfr 12.4;rating hold
* Petkim PETKM.IS : JP Morgan raises to neutral from underweight
* Petrofac PFC.L : Goldman Sachs raises to buy from neutral
* Prosafe PRSO.OL : Goldman Sachs raises to neutral from sell
* Randstad RAND.AS : JP Morgan raises target to 41.66 euros from 33.72 euros; neutral
* SBM Offshore SBMO.AS : Goldman Sachs cuts to neutral from buy
* Sopra Group SOPR.PA : SocGen raises target price to 84 euros from 70 euros; rating buy
* Standard Chartered STAN.L : UBS cuts target price to 1680p from 1790p; rating buy
* Swedish Match SWMA.ST : Citigroup cuts target price to Sek 225 from Sek 245; neutral
* Swedish Match SWMA.ST : Credit Suisse cuts target to Sek 209 from Sek 214; underperform
* Swedish Match SWMA.ST : Natixis cuts to neutral from buy; target to Sek 235 from Sek 260
* TDC A/S TDC.CO : Jefferies raises price target to Dkk 46 from Dkk 38; rating hold
* Technip TECF.PA : Goldman Sachs cuts to sell from neutral
* UBS AG UBSN.VX : Citigroup cuts target price to Sfr 23 from Sfr 24; rating buy
* UBS AG UBSN.VX : Exane BNP Paribas cuts target price to Sfr 16.5 from Sfr 18; neutral
* Umicore UMI.BR : Citigroup cuts to sell rating
* UniCredit CRDI.MI : HSBC raises to overweight from neutral
* Verbund VERB.VI : Exane BNP Paribas raises target to 20 euros from 18 euros; outperform
* Viscofan VIS.MC : SocGen cuts to sell from hold
* Vossloh VOSG.DE : ESN/Equinet Bank raises to reduce from sell
* Vossloh VOSG.DE : ESN/Equinet Bank ups target to 66 euros from 55 euros
* World Duty Free WDF.MI : Citigroup starts with buy rating; price target of 9.30 euros
* Yoox SpA YOOX.MI : Citigroup raises to buy from neutral
(Compiled by Aby Jose Koilparambil in Bangalore)
((AbyJose.Koilparambil@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80
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Keywords: RESEARCH EUROPE/