Europe Research Roundup: BHP Billiton, Philips, Statoil, SAP
21/10/2014 16:29
Oct 21 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including BHP Billiton, Galenica AG and Statoil, on Tuesday.
HIGHLIGHTS
* BHP Billiton PLC BLT.L : Jefferies cuts to hold from buy ID:nWNAB04YEF
* Statoil ASA STL.OL , Total SA TOTF.PA : Jefferies cuts price target ID:nWNAB04YEI
* Philips NV PHG.AS : Barclays, Credit Suisse, ING, UBS cuts price target on the stock
* SAP SAPG.DE : Goldman Sachs, Barclays, others cut target price
* Bureau Veritas BVI.PA : Deutsche Bank raises to hold from sell
* Oriflame ORIsdb.ST : SEB Equity Research raises to buy from hold rating
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* ABC Arbitrage BITI.PA : Kepler Cheuvreux starts with hold; target price 5 euros
* Akzo Nobel AKZO.AS : S&P Capital IQ cuts target price to 52 euros from 55 euros; hold
* Altri ALSS.LS : ESN/Caxia Bank cuts price target to 2.70 euros from 2.80 euros; buy
* Andritz AG ANDR.VI : HSBC raises to overweight from neutral
* Andritz AG ANDR.VI : HSBC raises price target to 50 euros from 46 euros
* Anglo American Plc AAL.L : Investec raises price target to 1603p from 1573p; rating buy
* Antofagasta PLC ANTO.L : Jefferies cuts price target to 850p; rating buy
* A.P.R. Energy Plc APREN.L : Morgan Stanley cuts price target to 525p from 600p
* A.P.R. Energy Plc APREN.L : Morgan Stanley cuts to equal weight from overweight
* ARM Holdings ARM.L : S&P Capital IQ cuts target price to 775p from 825p; rating sell
* Atlas Copco AB ATCOa.ST : Morgan Stanley ups target to Sek 178 from Sek 177; underweight
* Atlas Copco AB ATCOa.ST : Kepler Cheuvreux cuts target to Sek 200 from Sek 210; hold
* Bauer AG B5AG.DE : ESN/Equinet Bank cuts price target to 14 euros from 18 euros; hold
* BHP Billiton PLC BLT.L : Jefferies cuts to hold from buy
* BHP Billiton PLC BLT.L : Jefferies cuts price target to 1700p
* Bodycote Plc BOY.L : Finncap cuts price target to 550p from 750p; rating hold
* BP PLC BP.L : Jefferies cuts price target to 540p; rating buy
* Brooks Macdonald BRK.L : Numis cuts price target by 5 pct to 1470p; rating hold
* Brown (N) Group BWNG.L : Credit Suisse cuts to neutral from outperform
* Brown (N) Group BWNG.L : Credit Suisse cuts price target to 330p from 518p
* BT BT.L : Goldman Sachs cuts price target to 600p from 620p; rating Conviction-List buy
* Bureau Veritas BVI.PA : Deutsche Bank raises to hold from sell
* Bureau Veritas BVI.PA : Kepler Cheuvreux cuts target to 18.5 euros from 20 euros; hold
* Cable & Wireless Communications CWC.L : JP Morgan cuts price target to 50p from 53p
* Carlsberg A/S CARLb.CO : SEB Equity Research raises price target to Dkk 525 from Dkk 500
* Carlsberg A/S CARLb.CO : SEB Equity Research raises to hold from sell
* C&C Group GCC.I : Nomura ups to buy from neutral; cuts target to 4.50euros from 4.80euros
* Cegedim SA CGDM.PA : SocGen cuts price target to 26.5 euros from 28.5 euros; rating hold
* Cegedim SA CGDM.PA : Kepler Cheuvreux raises price target to 35 euros from 32 euros; buy
* CommerzBank CBKG.DE : JP Morgan raises price target to 12.25 euros from 12 euros; neutral
* DAB Bank AG DRNG.DE : HSBC cuts to underweight from neutral
* DAB Bank AG DRNG.DE : HSBC raises target price to 4.78 euros from 4.25 euros
* Dairy Crest Group Plc DCG.L : UBS cuts price target to 410p from 460p; rating neutral
* Deutsche Post DPWGn.DE : Deutsche Bank cuts to hold from buy; price target to 25.50 euros
* Dialight DIAL.L : Investec raises to hold from sell
* Electricite De France EDF.PA : JP Morgan cuts target to 22 euros from 24 euros; neutral
* Electrolux AB ELUXb.ST : JP Morgan raises target to Sek 222 from Sek 215; overweight
* Enel Russia OGKE.MM : Otkritie Capital cuts price target by 44 pct to 0.88 roubles; hold
* ENI SPA ENI.MI : Jefferies cuts price target to 15.50 euros; rating underperform
* Ferrexpo PLC FXPO.L : Jefferies cuts price target to 100p; rating hold
* First Quantum Minerals Ltd FQM.L : Jefferies cuts price target to 1350p; rating buy
* Fugro FUGRc.AS : Natixis ups to neutral from reduce; cuts target to 21 euros from 26euros
* Galenica AG GALN.VX : UBS raises to neutral from sell
* Galp Energia GALP.LS : Jefferies cuts price target to 14.70 euros; rating buy
* GlaxoSmithKline GSK.L : Panmure cuts target price to 1425p from 1600p; rating hold
* Glencore PLC GLEN.L : Jefferies cuts price target to 375p; rating buy
* Go-Ahead GOG.L : Investec raises target price to 2750p from 2670p; rating buy
* Hellermanntyton Group Plc HTY.L : UBS starts with neutral; price target 300p
* Icade ICAD.PA : Exane BNP Paribas raises to outperform from neutral
* IGas Energy IGAS.L : Jefferies cuts target price to 150p; rating buy
* Informa INF.L : Westhouse raises to buy from neutral
* Informa INF.L : Panmure cuts target price to 570p from 620p; rating buy
* Inmarsat PLC ISA.L : JP Morgan raises price target to 840p from 810p; rating overweight
* InterContinental Hotels IHG.L : Raymond James ups target to 2500p from 2150p; outperform
* Jenoptik JENG.DE : HSBC cuts price target to 10.5 euros from 12 euros; rating overweight
* Jeronimo Martins JMT.LS : Macquarie starts with underperform; target price 7.20 euros
* JSW JSW.WA : JP Morgan cuts price target to Pln 23 from Pln 35; rating underweight
* Kazakhmys PLC KAZ.L : Jefferies cuts price target to 250p; rating hold
* KGHM KGH.WA : JP Morgan cuts price target to Pln 155 from Pln 162; rating overweight
* Konecranes KCR1V.HE : HSBC raises to overweight from neutral
* Konecranes KCR1V.HE : HSBC cuts price target to 25 euros from 26 euros
* KPN KPN.AS : Deutsche Bank re-initiates with buy, target price 2.90 euros
* Lloyds Banking Group LLOY.L : Credit Suisse raises price target to 72p from 68p; neutral
* LW Bogdanka LWBP.WA : JP Morgan cuts price target to Pln 134 from Pln 171; overweight
* Mobistar MSTAR.BR : Barclays raises target to 15.50 euros from 13.50 euros; equal weight
* Mobistar MSTAR.BR : Deutsche Bank raises target price to 13.8 euros from 13.4 euros; hold
* Mytilineos Holdings MYTr.AT : Axia Ventures Group starts with buy; target of 10.20 euros
* NGLO American PLC AAL.L : Jefferies cuts price target to 1250p; rating hold
* Novo Nordisk A/S NOVOb.CO : Natixis raises price target to Dkk 310 from Dkk 285; buy
* Novozymes NOVOb.CO : Alm Brand marketS cuts price target to Dkk 255 from Dkk 275: neutral
* Nutreco NUO.AS : ESN/SNS Securities raises price target to 48 euros from 35 euros; buy
* OHL OHL.MC : UBS raises to buy from neutral; cuts price target to 27.5 euros from 30euros
* OMV AG OMVV.VI : Jefferies cuts price target to 26 euros; rating hold
* Oriflame ORIsdb.ST : SEB Equity Research raises to buy from hold rating
* Philips NV PHG.AS : Barclays cuts price target to 23 euros
* Philips NV PHG.AS : Credit Suisse cuts price target to 24 euros from 26 euros; neutral
* Philips NV PHG.AS : ING cuts price target to 28 euros from 29 euros; rating buy
* Philips NV PHG.AS : Morgan Stanley cuts target to 30.10 euros from 32 euros; overweight
* Philips NV PHG.AS : SocGen cuts price target to 24 euros from 25 euros; rating hold
* Philips NV PHG.AS : UBS cuts to neutral from buy; price target to 22 euros from 25 euros
* Philips NV PHG.AS : JP Morgan cuts price target to 27 euros from 28 euros; overweight
* Philips NV PHG.AS : Deutsche Bank cuts target price to 27 euros from 29 euros; rating buy
* President Energy PPTC.L : Canaccord Genuity ups target to 60p from 50p; speculative buy
* RCS Mediagroup RCSM.MI : ESN/Banca Akros raises to buy from accumulate
* RCS Mediagroup RCSM.MI : ESN/Banca Akros cuts target price to 1.50 euros from 1.85 euros
* Reckitt Benckiser RB.L : S&P Capital IQ cuts target price to 4,400p from 4,900p
* Reckitt Benckiser RB.L : S&P Capital IQ cuts to strong sell from sell
* Reckitt Benckiser RB.L : SocGen cuts target price to 5200p from 5300p; rating hold
* Redefine International RDI.L : Deutsche Bank cuts target price to 53p from 56p
* Richter GDRB.BU : Barclays cuts price target to Huf 4000 from Huf 4610
* Richter GDRB.BU : Barclays cuts to equal weight from overweight
* Rightmove RMV.L : Credit Suisse cuts price target to 2655p from 3100p; rating outperform
* Rio Tinto PLC RIO.L : Jefferies cuts price target to 3900p; rating buy
* Royal Dutch Shell RDSa.L : Jefferies cuts price target to 2460p; rating buy
* Salamander Energy SMDR.L : Jefferies cuts target price to 105p; rating buy
* SAP SAPG.DE : Barclays cuts price target to 65 euros from 70 euros; rating overweight
* SAP SAPG.DE : Goldman Sachs cuts price target to 80 euros from 88 euros; rating buy
* SAP SAPG.DE : JP Morgan cuts price target to 55 euros from 60 euros; rating neutral
* SAP SAPG.DE : UBS cuts price target to 58 euros from 62 euros; rating buy
* SAP SAPG.DE : Bryan Garnier cuts fair value to 66 euros from 73 euros; rating buy
* SAP SAPG.DE : Natixis cuts price target to 52.5 euros from 61 euros; rating neutral
* SES SESFd.PA : JP Morgan raises price target to 26 euros from 24 euros; rating neutral
* Shire Plc SHP.L : Deutsche Bank raises target price to 4550p from 4350p
* Shire Plc SHP.L : Deutsche Bank resumes coverage with buy rating
* Smurfit Kappa SKG.I : Credit Suisse cuts target to 23.40euros from 24.60euros; outperform
* Smurfit Kappa SKG.I : Kepler Cheuvreux cuts target to 18.5 euros from 20.5 euros; buy
* Soco International SIA.L : Jefferies cuts target price to 460p; rating buy
* Stada STAGn.DE : Barclays raises to equal weight; raises price target to 28.40 euros
* Standard Chartered STAN.L : Credit Suisse cuts target to 1020p from 1150p; underperform
* Standard Life Plc SL.L : JP Morgan reinstates with overweight rating; price target 460p
* Statoil ASA STL.OL : Jefferies cuts price target to Nok 144; rating underperform
* Stock Spirits STCK.L : Wood & Co raises price target to 362p from 315p; rating buy
* Synairgen SYNG.L : N+1 Singer starts with buy; price target 49p
* Talktalk TALK.L : Goldman Sachs cuts price target to 435p from 450p; rating buy
* Technip TECF.PA : Raymond James cuts target price to 56 euros from 66 euros; underperform
* Tele2 TEL2b.ST : Handelsbanken ups to accumulate from reduce; target to Sek 90 from Sek80
* Telecity TCY.L : JP Morgan raises price target to 925p from 900p; rating overweight
* Tipp24 SE TIMGn.DE : Berenberg raises price target to 70 euros from 62 euros; rating buy
* Travis Perkins Plc TPK.L : UBS cuts price target to 2000p from 2100p; rating buy
* Total SA TOTF.PA : Jefferies cuts price target to 48 euros; rating hold
* Turkcell TCELL.IS : Citigroup ups to neutral from sell; target to Tl 10.37 from Tl 10.31
* Valora VALN.S : UBS raises to neutral from sell; cuts target to Sfr 185 from Sfr 200
* Vedanta Resources PLC VED.L : Jefferies cuts price target to 800p; rating hold
* William Hill WMH.L : Canaccord Genuity raises target price to 365p; rating hold
* Yoox YOOX.MI : Kepler Cheuvreux cuts price target to 17 euros from 18 euros; rating hold
* Zero Preference Growth ZPG.L : Credit Suisse cuts target to 270p from 290p; outperform
* Zoopla Property Group ZPLAZ.L : Credit Suisse cuts target to 270p from 290p; outperform
(Compiled by Fareha Khan and Geetha Panchaksharam in Bangalore)
((fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780 outside U.S. +91 80 6749 1130;
Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/