Europe Research Roundup: Adidas, Barclays, Randstad, Volkswagen
01/08/2014 21:14
Aug 1 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Adidas, Volkswagen and Randstad, on Friday.
HIGHLIGHTS
* Adidas ADSGn.DE : Raymond James, UBS, Bryan Garnier downgrade the stock
* Barclays Plc BARC.L : Berenberg raises to hold from sell
* Man Group Plc EMG.L : Panmure cuts to hold from buy
* Randstad RAND.AS : S&P Capital IQ raises to buy from hold
* Volkswagen VOWG_p.DE : Credit Suisse, ESN/Equinet Bank cuts target price
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* ABB ABBN.VX : Helvea cuts price target to Sfr 21 from Sfr 21.5; rating hold
* Acomo ARBN.AS : ESN/SNS Securities raises to buy from hold rating
* Acomo ARBN.AS : ESN/SNS Securities raises target price to 19 euros from 17.50 euros
* Adidas ADSGn.DE : Raymond James cuts to market perform from outperform
* Adidas ADSGn.DE : UBS cuts to neutral; price target to 64 euros from 88 euros
* Adidas ADSGn.DE : Nomura cuts price target to 69 euros from 87 euros; rating neutral
* Adidas ADSGn.DE : Bryan Garnier cuts to neutral from buy
* Adidas ADSGn.DE : Bryan Garnier cuts price target to 77 euros from 90 euros
* Adidas ADSGn.DE : Deutsche Bank cuts to sell from hold; target to 51 euros from 78 euros
* Adidas ADSGn.DE : S&P Capital IQ raises target price to 62 euros from 83 euros; hold
* Adidas ADSGn.DE : Susquehanna cuts to neutral from positive rating
* Adidas ADSGn.DE : Susquehanna cuts target price to 63 euros from 88 euros
* Aeroports DE Paris SA ADP.PA : Natixis raises target to 105 euros from 90 euros; neutral
* Alcatel Lucent ALUA.PA : SocGen cuts target to 3 euros from 3.25 euros; rating hold
* Alcatel Lucent ALUA.PA : Nomura cuts target to 3.50 euros from 4 euros; rating buy
* Alcatel Lucent ALUA.PA : Deutsche Bank raises target to 2.90 euros from 2.80 euros; hold
* Anheuser-Busch Inbev SA ABI.BR : UBS raises price target to 94 euros from 84 euros; buy
* Anima Holding SPA ANIM.MI : UBS raises price target to 4.9 euros from 4.8 euros; buy
* AstraZeneca Plc AZN.L : Bryan Gariner raises price target to 4400p from 4220p; neutral
* AstraZeneca Plc AZN.L : Deutsche Bank raises target price to 4000p from 3950p; hold
* AstraZeneca Plc AZN.N : Leerink raises target price to $77 from $75; market perform
* Atlantia SPA ATL.MI : ESN/Banca Akros cuts to hold from accumulate
* AXA SA AXAF.PA : Helvea raises to buy
* B I C BICP.PA : Natixis raises price target to 100 euros from 95 euros; rating neutral
* BAE Systems Plc BAES.L : SocGen raises target price to 485p from 450p; rating buy
* Banco Popular POP.MC : Nomura cuts target to 3.20 euros from 3.40 euros; rating reduce
* Banco Santander SAN.MC : Berenberg raises target to 5.40 euros from 4.30 euros; sell
* Banco Santander SAN.MC : Credit Suisse ups target to 7.20 euros from 6.80 euros; neutral
* Barclays Plc BARC.L : Berenberg raises to hold from sell
* BE Semiconductor Industries BESI.AS : Canaccord Genuity raises target to 17 euros; buy
* BIC BICP.PA : Raymond James raises target to 109 euros from 104 euros; outperform
* BNP Paribas BNPP.PA : Natixis raises price target to 55 euros from 53.5 euros; neutral
* BNP Paribas BNPP.PA : UBS raises target price to 53.40 euros from 53 euros; neutral
* BNP Paribas BNPP.PA : Deutsche Bank raises target price to 56 euros from 54 euros; hold
* BNP Paribas BNPP.PA : RBC raises target price to 57 euros from 56 euros; outperform
* Bodycote BOY.L : UBS raises price target to 865p from 860p; rating buy
* Breedon Aggregates Ltd BREE.L : Berenberg starts with buy rating; target price of 50p
* Brembo BRBI.MI : ESN/Banca Akros raises target to 33 euros from 30 euros; accumulate
* Buzzi Unicem BZU.MI : Jefferies raises price target to 17.40 euros from 16.60 euros; buy
* Cap Gemini CAPP.PA : Jefferies raises price target to 61 euros; rating buy
* Cap Gemini CAPP.PA : Natixis raises target price to 54 euros from 52 euros; neutral
* Capita CPI.L : Credit Suisse cuts to neutral from outperform; target to 1215p from 1250p
* Centrica Plc CNA.L : S&P Capital IQ cuts target price to 335p from 350p; rating buy
* Clariant AG CLN.VX : Nomura raises target price to sfr 22 from sfr 21; rating buy
* CNH Industrial CNHI.MI : ESN/Banca Akros cuts target to 7.50 euros from 8.50 euros; hold
* Coface SA COFA.PA : Commerzbank starts with buy rating; target price of 12.60 euros
* Computacenter Plc CCC.L : Jefferies cuts price target to 690p; rating hold
* Continental CONG.DE : S&P Capital IQ cuts target to 195 euros from 203 euros; buy
* Continental CONG.DE : Natixis cuts price target to 175 euros from 190 euros; neutral
* Continental CONG.DE :Exane BNP Paribas cuts target to 195 euros from 200 euros;outperform
* Cramo CRA1V.HE : ESN/Pohjola cuts to hold from buy; target to 16 euros from 18.50 euros
* CVS Group Plc CVSG.L : Berenberg starts with buy rating; target price of 410p
* Dassault Systemes DAST.PA : Jefferies cuts price target to 57.50 euros; rating buy
* Deutsche Annington ANNGn.DE : Deutsche Bank raises target to 24 euros from 19 euros; hold
* Deutsche Telekom DTEGn.DE :S&P Capital IQ raises target to 13 euros from 12.50 euros;hold
* Diageo Plc DGE.L : Nomura cuts price target to 1980p from 2000p; rating buy
* Dignity Plc DTY.L : Berenberg starts with buy rating; target price of 1600p
* Dufry AG DUFN.VX : Natixis cuts price target to Sfr 180 from Sfr 190; rating buy
* Elior ELIOR.PA : Deutsche Bank starts with buy rating; target price 16.90 euros
* Endesa SA ELE.MC : SocGen raises target price to 30 euros from 27.7 euros; rating hold
* ENEL SPA ENEI.MI : SocGen raises price target to 4.4 euros from 4.1 euros; rating hold
* ENEL SPA ENEI.MI : ESN/Banca Akros raises target to 4.45 euros from 4.10 euros; hold
* ENI SPA ENI.MI : SocGen raises price target to 19 euros from 17 euros; rating hold
* ENI SPA ENI.MI : Raymond James cuts target to 21.50 euros from 22 euros; outperform
* Erste ERST.VI : SocGen cuts price target to 21 euros from 24.3 euros; rating hold
* Erste ERST.VI : Natixis ups to buy from neutral; cuts target to 23 euros from 25.3 euros
* Erste ERST.VI : Credit Suisse cuts target to 25.50 euros from 26.37 euros; outperform
* Evonik Industries AG EVKn.DE : Commerzbank cuts target to 30 euros from 31 euros; buy
* Exact Holding EXAH.AS : ESN/SNS Securities raises target to 33.50 euros from 29.10 euros
* Freenet AG FNTGn.DE : ESN/Equinet Bank raises to accumulate from hold
* Freenet AG FNTGn.DE : ESN/Equinet Bank cuts target price to 22.50 euros from 25 euros
* Fresenius Medical FMEG.DE : Morgan Stanley raises price target to 52 euros from 50 euros
* Fresenius Medical FMEG.DE : S&P Capital IQ raises target to 53 euros from 52 euros; hold
* Fuchs Petrolub SE FPEG_p.DE : DZ Bank cuts to hold from buy
* Fuchs Petrolub SE FPEG_p.DE : DZ Bank cuts target price to 28.00 euros from 38.00 euros
* Fuchs Petrolub SE FPEG_p.DE : Berenberg raises to buy from hold rating
* Fuchs Petrolub SE FPEG_p.DE : Berenberg cuts target price to 31 euros from 34 euros
* GDF Suez SA GSZ.PA : Natixis raises target price to 18.5 euros from 17.5 euros; neutral
* Generali GASI.MI : DZ Bank raises to buy from sell
* Generali GASI.MI : DZ Bank target price to 17.50 euros from 15 euros
* Generali GASI.MI : Berenberg raises target to 17.90 euros from 17.50 euros; rating hold
* Grifols GRLS.MC : Bryan Garnir cuts fair value to 35 euros from 38 euros; neutral
* Grifols GRLS.MC : ESN/Beka Finance cuts target to 41.90 euros from 44.40 euros;accumulate
* Grupo Catalana Occidente GCO.MC : JP Morgan raises target to 28.1 euros; rating neutral
* Groupe Bruxelles Lambert SA GBLB.BR : SocGen cuts target to 75 euros from 79 euros; hold
* Hikma Pharmaceuticals HIK.L : Jefferies raises target to 1610p from 1600p; rating hold
* Holcim HOLN.VX : Helvea cuts price target to Sfr 75 from Sfr 80; rating buy
* Horizonte Minerals HZM.L : Finncap cuts price target to 44p from 54p
* Iberdrola IBE.MC : Deutsche Bank raises target price to 5.70 euros from 6.10 euros; buy
* Iliad SA ILD.PA : Exane BNP Paribas cuts to neutral from outperform
* Iliad SA ILD.PA : Exane BNP Paribas cuts price target to 206 euros from 252 euros
* Imtech IMUN.AS : Exane BNP Paribas cuts price target to 0.5 euros from 1.3 euros; neutral
* Informa INF.L : Goldman Sachs raises to neutral from sell
* Informa INF.L : Goldman Sachs raises price target to 550p from 527p
* Interxion INXN.N : Jefferies raises price target to $33; rating buy
* Italcementi ITAI.MI : ESN/Banca Akros cuts target to 6.80 euros from 7.70 euros; hold
* JcDecaux SA JCDX.PA : SocGen cuts price target to 23 euros from 24 euros; rating sell
* JcDecaux SA JCDX.PA : Nomura cuts price target to 29 euros from 30 euros; rating neutral
* JcDecaux SA JCDX.PA : Natixis cuts price target to 26 euros from 28.6 euros; neutral
* JcDecaux SA JCDX.PA : ESN/CM - CIC Securities raises to hold from reduce
* JcDecaux SA JCDX.PA : ESN/CM - CIC Securities raises target to 25 euros from 27 euros
* KBC Groupe SA KBC.BR : UBS cuts price target to 43.6 euros from 44.6 euros; neutral
* Kone KNEBV.HE : Commerzbank starts with reduce rating; target price 28 euros
* Kontron AG KBCG.DE : DZ Bank AG raises target price to 4.30 euros from 4.00 euros; sell
* Lafarge LAFP.PA : Helvea cuts price target to 60 euros from 64 euros; rating buy
* Lancashire Holdings LRE.L : Credit Suisse cuts target price 680p from 800p; outperform
* Lanxess LXSG.DE : Commerzbank cuts target price to 51 euros from 54 euros; rating hold
* Legrand LEGD.PA : Morgan Stanley ups target to 40.50 euros from 39.50 euros; equal weight
* Legrand LEGD.PA : SocGen cuts price target to 44 euros from 47 euros; rating hold
* Legrand LEGD.PA : Natixis cuts price target to 47 euros from 49 euros; rating buy
* Legrand LEGD.PA : Morgan Stanley ups target to 40.50 euros from 39.50 euros; equal weight
* Lloyds Banking Group Plc LLOY.L : S&P Capital IQ cuts target price to 80p from 85p; hold
* Lonmin Plc LMI.L : Citigroup cuts price target to 246p from 277p; rating neutral
* Lufthansa LHAG.DE : DZ Bank cuts target to 18 euros from 20 euros; rating buy
* Lufthansa LHAG.DE : Natixis cuts price target to 15 euros from 18 euros; rating neutral
* Man Group Plc EMG.L : Panmure cuts to hold from buy
* Maire Tecnimont MTCM.MI :ESN/Banca Akros cuts target to 2.60 euros from 3 euros;accumulate
* Metro AG MEOG.DE : Raymond James cuts price target to 35 euros from 36 euros; outperform
* Metsa Board METSB.HE : ESN/Pohjola cuts target to 4.10 euros from 4.20 euros; accumulate
* Metso MEO1V.HE : Morgan Stanley raises target to 27 euros from 24 euros; underweight
* Metso MEO1V.HE : UBS raises price target to 23 euros from 20 euros; rating sell
* Micro Focus MCRO.L : Jefferies raises price target to 635p; rating underperform
* Natixis CNAT.PA : Nomura raises target to 4.50 euros from 4.25 euros; rating reduce
* Natixis CNAT.PA : Exane BNP Paribas raises target to 5.9 euros from 5.7 euros; outperform
* New World Resources NWRR.L : Citi cuts to neutral from sell
* Next Plc NXT.L : Berenberg raises target price to 8075p from 7740p; rating buy
* Next Plc NXT.L : Nomura raises target price to 7310p from 7025p; rating buy
* Parmalat PLT.MI : ESN/Banca Akros cuts target price to 2.50 euros from 2.60 euros; hold
* Pennon Group PNN.L : Credit Suisse raises target price to 655p from 645p; underperform
* Pernod Ricard PERP.PA : Nomura cuts price target to 97 euros from 100 euros; rating buy
* Poyry POY1V.HE : ESN/Pohjola moves to reduce from accumulate rating
* Poyry POY1V.HE : ESN/Pohjola cuts target price to 4 euros from 4.80 euros
* Premier Oil Plc PMO.L : SocGen raises price target to 350p from 340p; rating hold
* Prysmian PRY.MI : Natixis cuts target price to 17 euros from 18 euros; rating neutral
* Prysmian PRY.MI : ESN/Banca Akros cuts target to 19.50 euros from 20.50 euros; accumulate
* PZ Cussons Plc PZC.L : Panmure raises price target to 410p from 400p
* Randgold Resources Ltd RRS.L : UBS cuts to neutral from buy
* Randgold Resources Ltd RRS.L : RBC cuts target price to 5200p from 5300p; sector perform
* Randstad RAND.AS : S&P Capital IQ raises to buy from hold
* Randstad RAND.AS : RBC cuts target price to 40 euros from 44 euros; rating sector perform
* Regus Plc RGU.L : RBC cuts target price to 210p from 220p; rating sector perform
* Reply SPA REY.MI : ESN/Banca Akros raises to accumulate from hold
* RIB Software RSTAG.DE : UBS cuts to neutral; cuts target to 11 euros from 14.5 euros
* Rightmove Plc RMV.L : Jefferies cuts target price to 2177p from 2260p; rating hold
* Rolls-Royce RR.L : JP Morgan cuts price target to 1200p from 1300p; rating overweight
* Rolls-Royce RR.L : RBC raises price target to 1270p from 1260p; rating outperform
* Rolls-Royce RR.L : Natixis cuts to reduce from neutral; cuts target to 950p from 1030p
* Rolls-Royce RR.L : Deutsche Bank cuts target price to 860p from 900p; rating sell
* Rolls-Royce RR.L : SocGen cuts target price to 1050p from 1090p; rating hold
* Rolls-Royce RR.L : RBC raises target price to 1270p from 1260p; rating outperform
* Rolls-Royce RR.L : S&P Capital IQ cuts target price to 1100p from 1200p; rating hold
* Royal Dutch Shell RDSa.L : Raymond James raises target to 33.50 euros from 32.50 euros
* Royal Dutch Shell RDSb.L : SocGen raises to buy from hold
* Royal Dutch Shell RDSa.L : Natixis raises price target to 2800p from 2650p; rating buy
* Royal Dutch Shell RDSa.L : UBS raises target price to 2450p from 2300p; rating neutral
* Royal Bank Of Scotland Group RBS.L : Investec cuts to sell from hold
* Royal Bank Of Scotland Group RBS.L : Investec raises target price to 340p from 325p
* RPS Group RPS.L : Jefferies cuts price target to 320p from 385p; rating buy
* Safran SAF.PA : Natixis ups to buy from neutral; raises target to 55 euros from 50 euros
* Saint Gobain SGOB.PA : Credit Suisse cuts target to 48 euros from 50 euros; outperform
* Saint Gobain SGOB.PA : Exane BNP Paribas cuts target to 45 euros from 47 euros;outperform
* Sanofi SA SASY.PA : S&P Capital IQ raises to buy from hold
* Sanofi SA SASY.PA : S&P Capital IQ raises target price to 90 euros from 82 euros
* Sanofi SA SASY.PA : Helvea raises price target to 88 euros from 82 euros; rating buy
* Sanofi SA SASY.PA : Leerink cuts target price to 84 euros from 88 euros; market perform
* Schroders Plc SDR.L : Jefferies raises target price to 2500p from 2300p; rating hold
* Scor SE SCOR.PA : JP Morgan cuts target to 27.90 euros from 29.10 euros; overweig
* Scor SE SCOR.PA : Natixis cuts price target to 26 euros from 26.5 euros; rating neutral
* Scor SE SCOR.PA : Canaccord Genuity cuts target price to 25 euros from 26 euros; hold
* SDL SDL.L : Jefferies cuts price target to 480p; rating buy
* Severn Trent Plc SVT.L : Credit Suisse raises to neutral from underperform
* Severn Trent Plc SVT.L : Credit Suisse raises target price to 1730p from 1540p
* Siemens SIEGn.DE : Morgan Stanley raises target to 104 euros from 100 euros; equal weight
* Siemens SIEGn.DE : S&P Capital IQ raises to buy from hold
* Siemens SIEGn.DE : S&P Capital IQ cuts target price to 102 euros from 116 euros
* Siemens SIEGn.DE : Exane BNP Paribas cuts target to 107 euros form 111 euros; outperform
* Siemens SIEGn.DE : Morgan Stanley raises target to 104 euros from 100 euros; equal weight
* SKF SKFb.ST : JP Morgan raises to overweight from neutral
* Smith & Nephew Plc SN.L : Investec cuts to add from buy rating
* Smurfit Kappa SKG.I : Credit Suisse ups target to 24.60 euros from 23.70 euros;outperform
* Societe B I C SA BICP.PA : UBS raises price target to 103 euros from 100 euros; neutral
* Sodexo SA EXHO.PA : Deutsche Bank cuts target price to 84 euros from 86 euros; rating buy
* Subsea 7 SA SUBC.OL : Natixis cuts price target to Nok 122 from Nok 133; rating neutral
* Subsea 7 SA SUBC.OL : Deutsche Bank cuts to hold from buy; target to Nok 120 from Nok 140
* Subsea 7 SA SUBC.OL : UBS raises target price to Nok 125 from Nok 120; rating buy
* Tarkett TKTT.PA : Deutsche Bank cuts target price to 27 euros from 29 euros; rating hold
* Thomas Cook Group Plc TCG.L : Natixis cuts target price to 180p from 210p; rating buy
* TGS Nopec TGS.OL : UBS cuts target price to Nok 170 from Nok 175; rating sell
* Titan Cement Company TTNr.AT : Jefferies ups target to 11.40 euros from 10.70 euros; hold
* UBM Plc UBM.L : Canaccord Genuity cuts target price to 680p from 725p; rating hold
* Umicore SA UMI.BR : Credit Suisse raises target to 32 euros from 30 euros; underperform
* United Utilities Group UU.L : Credit Suisse cuts to underperform from neutral
* United Utilities Group UU.L : Credit Suisse raises target price to 730p from 680p
* Vinci SA SGEF.PA : Bryan Garnier cuts to neutral from buy
* Vinci SA SGEF.PA : Bryan Garnier cuts fair value to 53 euros from 57 euros
* Vinci SA SGEF.PA : ESN/CM-CIC Securities cuts to hold from buy
* Vinci SA SGEF.PA : ESN/CM-CIC Securities cuts target price to 53 euros from 55 euros
* Volkswagen VOWG_p.DE : Credit Suisse cuts target to 265 euros from 300 euros; outperform
* Volkswagen VOWG_p.DE : ESN/Equinet Bank cuts target to 235 euros from 250 euros; buy
* Volkswagen VOWG_p.DE : S&P Capital IQ cuts target price to 194 euros from 198 euros; hold
* WDF WDF.MI : ESN/Banca Akros cuts target price to 10 euros from 10.90 euros; rating hold
* Weir Group Plc WEIR.L : Morgan Stanley raises target to 2510p from 2440p; equal weight
* Wincor Nixdorf AG WING.DE : Berenberg raises to buy from hold
* Wincor Nixdorf AG WING.DE : Berenberg cuts price target to 46 euros from 49 euros
* Zardoya Otis ZOT.MC : ESN/Beka Finance cuts target to 7 euros from 7.16 euros; reduce
* Zoopla ZPLAZ.L : Jefferies starts with buy rating; target price of 325p
(Compiled by Eileen Anupa Soreng, Archana Lakshmi Narasiah and Mohan Anand in Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135
5919)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/
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