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ABB - Abb News Story

$33.26 0.7  2.1%

Last Trade - 13/05/21

Sector
Industrials
Size
Large Cap
Market Cap £47.58bn
Enterprise Value £48.85bn
Revenue £19.09bn
Position in Universe 189th / 6851

EUROPE RESEARCH ROUNDUP: Essar Energy, Neste Oil, ABB, Ericsson

Wed 13th March, 2013 3:26pm
March 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Essar Energy, Neste Oil and ABB, on Wednesday.  
     
    HIGHLIGHTS 
    * European refiners: Nomura raises sector view to neutral from bearish    
    * ABB   : Nomura raises to buy from neutral; ups price target to Sfr 27 from Sfr 19 
    * DKSH Holding AG   : Berenberg Bank cuts to sell from buy  
    * Zurich Insurance Group AG   : Barclays cuts to underweight from equal weight  
    * Ericsson   : S&P Capital IQ raises to strong buy from buy 
       
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order. See bottom of the table for sector changes.  
     
    * 888 Holdings PLC   : Canaccord Genuity raises target price to 155p from 125p 
    * ABB   : Nomura raises to buy from neutral; ups price target to Sfr 27 from Sfr 19 
    * ACS   : SocGen raises target price to 23.6 euros from 20.4 euros; rating buy 
    * Adidas AG   : Credit Suisse adds to Europe focus list 
    * Adidas AG   : Credit Suisse raises target price to 86 euros from 61 euros 
    * Afren   : UBS raises price target to 200p from 160p; rating buy 
    * African Barrick Gold   : Westhouse cuts target price to 195p from 255p; rating sell 
    * A.G.Barr Plc   : Panmure raises price target to 500p from 440p; rating hold 
    * Akzo Nobel   : Barclays cuts to underweight from equal weight 
    * Akzo Nobel   : Barclays cuts price target to 52 euros from 53 euros 
    * Allreal Holding AG   : Vontobel cuts target to Sfr 150 from Sfr 155; rating hold 
    * Anheuser Busch Inbev SA   : Stifel raises price target to $112 from $94; rating buy 
    * Antofagasta Plc   : JP Morgan cuts target to 1365p from 1400p; rating overweight 
    * Antofagasta Plc   : Deutsche Bank cuts price target to 1,150p from 1,260p 
    * Antofagasta   : UBS raises to neutral from sell 
    * Antofagasta Plc   : Natixis raises to buy from neutral, target to 1310p from 1147p 
    * Aryzta AG   : Credit Suisse raises price target to Sfr 60 from Sfr 50 
    * Assystem SA   : Natixis raises target price to 20 euros from 19.5 euros; rating buy 
    * Atlantia SpA   : RBC cuts to underperform from sector perform  
    * Avocet Mining Plc   : Westhouse cuts target price to 21p from 35p; rating neutral 
    * Balfour Beatty Plc   : HSBC cuts to neutral from overweight 
    * Bankinter SA   : Kepler raises target to 3.35 euros from 2.47 euros; rating reduce 
    * Berendsen PLC   : HSBC raises target price to 745p from 630p; rating neutral 
    * Berkeley Group Holdings   : JP Morgan raises target price to 2150p from 1950p 
    * BNP Paribas SA   : Credit Suisse cuts price target to 59 euros from 60 euros 
    * Bossard   : Helvea raises price target to Sfr 155 from Sfr 125; rating neutral 
    * Bourbon SA   : SocGen raises target price to 27 euros from 26 euros; rating buy 
    * Bovis Homes Group   : JP Morgan raises target price to 585p from 560p 
    * Berendsen Plc   : Goldman Sachs raises to buy from neutral; target to 894p from 627p 
    * British American Tobacco   : Deutsche Bank raises price target to 3,700p from 3,300p 
    * British Land Co Plc   : Morgan Stanley raises target price to 630p from 625p 
    * British Land Co Plc   : Jefferies cuts target to 528p from 538p; rating hold 
    * British Land Co   : Espirito Santo Investment ups fair value to 603p from 590p 
    * British Land Co   : UBS cuts price target to 600p from 610p; rating buy 
    * Brunello Cucinelli   : Deutsche Bank raises target to 15.50 euros from 14.80 euros 
    * Capita Plc   : UBS cuts to neutral from buy; raises price target to 925p from 900p 
    * Carrefour   : Nomura ups target to 20.10 euros from 19.50 euros; rating neutral 
    * Centrica   : Nomura raises target price to 350p from 335p; rating neutral 
    * Centamin Plc   : Westhouse raises to buy from neutral  
    * Close Brothers   : UBS raises price target to 1,050p from 930p; rating neutral 
    * Close Brothers Group   : JP Morgan raises target price 1076p from 997p 
    * Cobham Plc   : Investec raises target price to 240p from 205p; rating hold 
    * Computacenter Plc   : Credit Suisse raises target price to 580p from 493p 
    * Continental AG   : Deutsche Bank raises price target to 120 euros from 100 euros 
    * Continental AG   : Barclays raises target price to 104 euros from 94 euros 
    * CVS Group Plc   : Investec cuts to add from buy; ups target price to 210p from 163p 
    * CVS Group Plc   : Panmure raises price target to 208p from 200p; rating hold 
    * Danone SA   : S&P Capital IQ raises target price to 63 euros from 58 euros 
    * DKSH Holding AG   : Berenberg Bank cuts to sell from buy  
    * DKSH Holding AG   : Berenberg Bank raises target price to Sfr 72 from Sfr 59 
    * DKSH Holding AG   : Kepler cuts to hold from buy 
    * DKSH Holding AG   : UBS raises price target to Sfr 79 from Sfr 72; rating neutral 
    * DKSH Holding AG   : Vonntobel raises target price to Sfr 75 from Sfr 58; rating hold 
    * DKSH   : Helvea raises price target to Sfr 74 from Sfr 54; rating neutral 
    * DNB ASA   : Morgan Stanley raises target price to Nok 105 from Nok 95 
    * Drax   : Exane BNP Paribas raises target price by 16 pct to 730p; rating outperform 
    * EADS NV   : RBC cuts to sector perform from outperform 
    * E.ON SE   : ESN/Equinet Bank cuts target to 14 euros from 20 euros; rating hold 
    * Enel Green Power SPA   : Deutsche Bank raises target to 1.60 euros from 1.55 euros 
    * ERG   : Nomura raises to neutral from reduce; target to 8 euros from 6.50 euros  
    * Ericsson   : S&P Capital IQ raises to strong buy from buy 
    * Ericsson   : S&P Capital IQ raises target price to SEK100 from SEK85 
    * Essar Energy   : Nomura raises to buy from neutral  
    * Eurazeo SA   : SocGen raises target price to 49 euros from 46 euros; rating buy 
    * Ferrovial SA   : SocGen ups target price to 14.4 euros from 14.1 euros; rating buy 
    * Fraport   : Deutsche Bank cuts price target to 52 euros from 60 euros 
    * Fugro NV   : ESN/SNS Securities cuts target to 58.50 euros from 61 euros 
    * Gecina SA   : Kepler raises target price to 90 euros from 84 euros; rating hold 
    * Geberit AG   : Citigroup raises target price to Sfr 210 from Sfr 195; rating sell 
    * Geberit   : UBS raises price target to Sfr 225 from Sfr 210; rating neutral 
    * Geberit AG   : VONTOBEL raises target price to Sfr 230 from Sfr 220; rating hold 
    * Geberit   : Helvea raises price target to Sfr 230 from Sfr 220; rating neutral 
    * Gimv NV   : ESN/Bank Degroof raises to hold from reduce 
    * GfK SE   : SocGen raises target price to 43.5 euros from 41 euros; rating hold 
    * GFK Resources Inc   : Natixis raises target to 39 euros from 38 euros; rating neutral 
    * Glencore International Plc   : BMO raises to market perform from underperform 
    * Gurit   : UBS raises price target to Sfr 390 from Sfr 380; rating sell 
    * HAVAS   : BofA Merrill removes from most preferred list 
    * Helvetia Holding AG   : Goldman Sachs raises target to Sfr 400 from Sfr 368.80 
    * Highland Gold Mining   : Westhouse cuts target price to 130p from 160p; rating buy  
    * HSBC Holdings Plc   : Goldman Sachs raises target price to 940p from 890p 
    * IG Group Holdings Plc   : Goldman Sachs cuts target to 675p from 745p; rating buy 
    * Imagination Technologies Group   : Credit Suisse raises target to 410p from 347p 
    * Imagination Technologies Group Plc   : Barclays raises target price to 700p from 650p 
    * Imagination Technologies Group Plc   : Canaccord Genuity cuts to hold from buy 
    * Inchcape PLC   : Exane BNP Paribas raises target to 600p from 550p 
    * Infineon Technologies AG   : Liberum raises to buy from hold 
    * Infineon Technologies AG   : Liberum raises price target to 9 euros from 6.5 euros 
    * Infineon Technologies AG   : Morgan Stanley cuts to underweight from equal-weight 
    * Informa Plc   : Berenberg cuts to hold from buy; ups target price to 560p from 500p 
    * Inmarsat   : Morgan Stanley raises target to 770p from 690p; rating equal-weight 
    * Intesa Sanpaolo SPA   : Exane BNP Paribas cuts target to 1.40 euros from 1.60 euros 
    * Intesa Sanpaolo SpA   : Natixis cuts target price to 1.41 euros from 1.45 euros 
    * Iomart Group Plc   : Canaccord Genuity raises to buy from hold 
    * IS Gayrimenkul Yatirim Ortakligi AS   : HSBC cuts to neutral from overweight 
    * IS REIT   : HSBC cuts to neutral from overweight 
    * IS REIT   : HSBC cuts target to Tl 1.75 from Tl 1.80  
    * Jupiter Fund   : Credit Suisse raises target price to 345p from 320p; rating neutral 
    * Kaba   : Helvea cuts to neutral from accumulate 
    * Kabel Deutschland   : Morgan Stanley adds to Europe best ideas 
    * Kloeckner & Co SE   : DZ Bank raises price target to 11.50 euros from 10.50 euros 
    * KPN NV   : Kepler raises to hold from reduce 
    * Lagardere SCA   : HSBC ups target to 34.50 euros from 31 euros; rating overweight 
    * Lavendon Group PLC   : Panmure raises price target to 199p from 178p; rating hold 
    * LEG Immobilien AG   : JP Morgan starts with neutral rating; target of 48 euros 
    * LEG   : Deutsche Bank starts with buy rating; price target of 48.50 euros 
    * Linde AG   : SocGen raises target price to 165 euros from 155 euros; rating buy 
    * Merck KGAA   : Helvea raises target to 105 euros from 96 euros; rating neutral 
    * Neste Oil   : Nomura ups target price to 10 euros from 9.50 euros; rating reduce  
    * Lukoil   : JP Morgan raises target price to $85.80 from $82.80;rating overweight 
    * Mail Ru Group Ltd   : JP Morgan cuts target price to $40 from $43; rating neutral 
    * Nichols PLC   : Investec raises target price to 890p from 800p; rating hold 
    * Oerlikon   : UBS raises price target to Sfr 14 from Sfr 12; rating buy 
    * Ophir Energy Plc   : SocGen cuts target price to 500p from 590p; rating buy 
    * Persimmon Plc   : JP Morgan raises target price to 870p from 850p; rating neutral 
    * Petropavlovsk Plc   : Westhouse cuts target price to 440p from 480p; rating buy 
    * PKN Orlen SA   : Nomura raises target price to Pln 45 from Pln 33; rating reduce  
    * Prosiebensat 1   : UBS raises target to 30.50 euros from 23 euros; rating buy 
    * Recordati   : ESN/Banca Akros raises target price to 8.80 euros from 8.10 euros 
    * Redrow Plc   : JP Morgan raises to neutral from underweight 
    * Renault SA   : JP Morgan cuts to neutral from overweight 
    * Renault SA   : JP Morgan ups target price to 59 euros from 55 euros 
    * Rexel SA   : Deutsche Bank raises price target to 19.5 euros from 17.5 euros 
    * Revolymer Plc   : Panmure cuts price target to 93p from 110p; rating buy 
    * Safran SA   : UBS raises price target to 44 euros from 36 euros; rating buy 
    * Saipem SPA   : Socgen raises target price to 27 euros from 25 euros; rating buy 
    * Sandvik AB   : Citigroup removes from focus list europe; rating buy 
    * SAS AB   : HSBC raises target price Sek 14.50 from Sek 8.75; rating neutral 
    * SBM Offshore NV   : SocGen raises target to 15 euros from 14 euros; rating buy 
    * SBM Offshore NV   : HSBC cuts to neutral from overweight 
    * SBM Offshore   : UBS raises price target to 14 euros from 12 euros; rating neutral 
    * SBM Offshore NV   : Barclays raises target price to 16 euros from 14.30 euros 
    * SBM Offshore NV   : Natixis cuts target price to 17 euros from 16 euros; rating buy 
    * Scapa Group Plc   : Numis cuts to add from buy 
    * SDL Plc   : Goldman Sachs cuts target price to 700p from 850p; rating buy 
    * Sig Plc   : Goldman Sachs raises target price to 150p from 135p; rating neutral 
    * SIG Plc   : Panmure raises price target to 170p from 165p; rating buy 
    * Smiths Group Plc   : Deutsche Bank raises price target to 1380p from 1335p 
    * Soco International   : Barclays raises target price to 385p from 375p 
    * Spectris Plc   : Jefferies raises target price to 2675p from 2270p; rating buy 
    * Sreco   : HSBC cuts to neutral from overweight 
    * Sreco   : HSBC cuts price target to 32 riyals from 33 riyals  
    * Serco Group   : Goldman Sachs raises target price to 680p from 645p; rating neutral 
    * St. James's Place   : UBS raises price target to 600p from 500p; rating buy 
    * Standard Chartered Plc   : Berenberg cuts to sell from hold 
    * Swedbank AB   : BofA Merrill raises price objective to Sek 155 from Sek 146 
    * Symrise AG   : Kepler raises target price to 31 euros from 30 euros; rating hold 
    * Symrise AG   : Citigroup raises target price to 22 euros from 19 euros; rating sell 
    * Symrise AG   : ESN/Equinet bank raises price target to 26 euros from 24 euros 
    * Symrise AG   : Exane BNP Paribas raises target price by 12 pct to 32 euros 
    * Symrise   : Helvea cuts price target to 28 euros from 28.8 euros; rating neutral 
    * Thales   : UBS raises price target to 33 euros from 27 euros; rating neutral 
    * Thomas Cook Group Plc   : Numis raises target price to 90p from 70p; rating hold 
    * TKH Group NV   : Kepler raises target price to 23 euros from 19 euros; rating buy 
    * TMG   : HSBC cuts price target to Egp 5.5 from Egp 6.5; rating overweight  
    * Trinity Exploration & Production   : Jefferies starts with buy rating; target 180p 
    * Trinity Exploration & Production   : RBC starts with outperform; target price 200p 
    * UBM Plc   : BofA Merrill removes from most preferred list 
    * VZ Holding AG   : Vontobel raises target price to Sfr 140 from Sfr 135; rating hold 
    * Wendel SA   : SocGen raises target price to 108 euros from 95 euros; rating buy 
    * William Hill Plc   : UBS raises price target to 425p from 360p; rating neutral 
    * Xstrata Plc   : BMO raises to market perform from underperform 
    * Zumtobel AG   : Morgan Stanley cuts target to 10 euros from 10.50 euros 
    * Zurich Insurance Group AG   : Barclays cuts to underweight from equal weight  
    * Zurich Insurance Group AG   : Barclays cuts target price to Sfr 247 from Sfr 260 
     
    SECTOR CHANGES: 
    * European refiners: Nomura raises sector view to neutral from bearish 
    * Global Memory Chipmakers: Bernstein raises sector to overweight 
 
 (Compiled by Rachel Chitra and Tej Sapru in Bangalore) 
 ((tej.sapru@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 4135 
5800)(Reuters Messaging: tej.sapru.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/
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