Europe Research Roundup: Aveva, Swedbank, Mediaset

ACOMO

13/11/2014 16:27

Nov 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Swedbank AB, SSE and Euronext, on Thursday.  
     
    HIGHLIGHTS 
    * Nordic Banks: RBC cuts Swedbank  SWEDa.ST  to underperform  ID:nWNAB059G9  
    * Aveva Group Plc  AVV.L : Barclays raises to overweight from equal weight 
    * Lundin Mining  LUMIsdb.ST : Morgan Stanley raises to overweight from equal-weight 
    * Mediaset  MS.MI : S&P Capital IQ cuts to strong sell from sell 
    * Swedbank AB  SWEDa.ST : RBC cuts to underperform from sector perform 
       
     
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.  
     
     
    * AAK  AAK.ST : Danske Bank raises target price to Sek 480; rating buy 
    * Aareal Bank AG  ARLG.DE : DZ Bank raises target to 40.00 euros from 38.00 euros;rating buy 
    * Abengoa SA  ABG.MC : HSBC cuts price target to 4.4 euros from 5.9 euros; rating overweight 
    * Acomo  ARBN.AS : ESN/SNS Securities raises target to 22 euros from 19.40 euros; rating buy 
    * Aegon  AEGN.AS : DZ Bank cuts to sell from hold;cuts target to 5.50 euros from 6.00 euros 
    * Aeroflot  AFLT.MM : Deutsche Bank cuts to hold from buy  
    * Aeroflot  AFLT.MM : Deutsche Bank cuts price target to 45 Roubles from 57 Roubles 
    * Ahold  AHLN.AS : ESN/ SNS Securities cuts to reduce from hold 
    * Ahold  AHLN.AS : KBC raises price target to 14.50 euros from 14 euros; rating hold 
    * Ahold  AHLN.AS : S&P Capital IQ cuts to hold from buy;target to 14 euros from 15 euros 
    * Air Berlin  AB1.DE : Commerzbank cuts target price to 1 euros from 1.50 euros; rating hold 
    * Aktia  AKTAV.HE : ESN/Pohjola cuts to accumulate from buy; price target to 11 euros 
    * Allianz  ALVG.DE : Barclays raises price target to 150 euros from 147 euros; rating buy 
    * Alstom SA  ALSO.PA : SocGen raises price target to 32 euros from 31 euros; rating buy 
    * Anadolu Hayat Emeklilik  ANHYT.IS : Oyak Securities raises target to Tl 4; underperform 
    * Austrian Post  POST.VI : RBC raises to outperform from sector perform; target to 43 euros  
    * AstraZeneca  AZN.L : JP Morgan raises target to 4,100p from 3,700p; rating underweight 
    * Atkins  ATKW.L : Jefferies cuts price target to 1,390p from 1,410p; rating hold 
    * Austevoll  AUSS.OL : Danske Bank cuts target price to Nok 54 from Nok 55; rating buy 
    * Austrian Post  POST.VI : Berenberg raises target to 37 euros from 36 euros; rating hold 
    * Aveva Group Plc  AVV.L : Barclays raises to overweight from equal weight 
    * Bayer  BAYGn.DE : Kepler Cheuvreux ups to buy from hold;target to 130 euros from 109 euros 
    * Bellway  BWY.L : Credit Suisse raises target price to 1905p from 1876p; rating neutral 
    * Berkeley  BKGH.L : UBS raises price target to 2830p from 2820p; rating buy 
    * BG Group  BG.L : Barclays cuts price target to 1300p from 1350p; rating equal weight 
    * Bilfinger  GBFG.DE : Exane BNP Paribas cuts target by 7 pct to 54 euros; rating neutral 
    * Bilfinger SE  GBFG.DE : HSBC cuts price target to 55 euros from 60 euros; rating neutral 
    * Bogdanka SA  LWBP.WA : Wood & Co cuts price target to Pln 111 from Pln 167 
    * Bogdanka SA  LWBP.WA : Wood & Co cuts to hold from buy 
    * Bowleven Plc  BLVN.L : Barclays raises price target to 50p from 45p; rating overweight 
    * BPER  EMII.MI : SocGen cuts price target to 5.6 euros from 6.8 euros; rating hold 
    * BPER  EMII.MI : ESN/Banca Akros cuts target to 5.90 euros from 6.25 euros; accumulate 
    * Brembo  BRBI.MI : Exane BNP Paribas raises target to 29 euros from 27 euros;rating neutral 
    * British Land  BLND.L : JP Morgan raises price target to 850p from 800p; rating overweight 
    * Cable & Wireless Communications  CWC.L : Nomura raises to neutral from reduce  
    * Cable & Wireless Communications  CWC.L : Nomura raises price target to 52p from 40p 
    * Campari  CPRI.MI : Bryan Garnier cuts target to 5.9 euros from 6 euros; rating neutral 
    * Campari  CPRI.MI : Deutsche Bank cuts price target to 6 euros from 6.20 euros 
    * Campari  CPRI.MI : ESN/Banca Akros cuts to hold from accumulate 
    * Cape  CIU.L : JP Morgan cuts price target to 350p from 355p; rating overweight 
    * Capita  CPI.L : Barclays cuts price target to 1180p from 1280p; rating equal weight 
    * Capita  CPI.L : Jefferies cuts price target to 1,230p from 1,300p; rating buy 
    * Capita  CPI.L : JP Morgan cuts to neutral from overweight 
    * Capita  CPI.L : JP Morgan cuts price target to 1,160p from 1,255p 
    * Campari  CPRI.MI : Barclays cuts target to 5 euros from 5.15 euros; rating underweight 
    * Colt Group SA  COLT.L : Deutsche Bank raises price target to 160p from 155p; rating hold 
    * Compugroup Medical  COPMa.DE : Commerzbank cuts target to 18.50 euros from 19 euros; hold 
    * CRH  CRH.I : Berenberg cuts price target to 18.30 euros from 19.80 euros; rating hold 
    * Danske Bank  DANSKE.CO : RBC raises target to Dkk 145 from Dkk 140; rating underperform 
    * Davide Campari  CPRI.MI : Nomura cuts target to 5.50 euros from 6.10 euros; rating neutral 
    * Davide Campari Milano SpA  CPRI.MI : SocGen raises to buy from hold 
    * Delclima  DLCL.MI : ESN/Banca Akros raises target to 1.50 euros from 1.48 euros; hold 
    * Deutsche Post DHL  DPWGn.DE :JP Morgan cuts target to 28.70 euros from 30 euros;overweight 
    * Dragon Oil  DGO.L : Wood & Co raises price target to 687p from 674p 
    * Dragon Oil  DGO.L : Wood & Co raises to buy from hold 
    * E.ON  EONGn.DE : Morgan Stanley cuts target to 14 euros from 14.80 euros; equal-weight 
    * E.ON  EONGn.DE : Exane BNP Paribas cuts target by 6 pct to 17 euros; rating outperform 
    * E.ON  EONGn.DE : BofA Merrill raises target to 17.20 euros from 15.70 euros; rating buy 
    * Eiffage  FOUG.PA : Bryan Garnier cuts target to 45 euros from 50 euros; rating neutral 
    * Eiffage  FOUG.PA : JP Morgan cuts price target to 52 euros from 54 euros; rating neutral 
    * Eiffage  FOUG.PA : Natixis cuts price target to 59 euros from 65 euros; rating buy 
    * Eiffage  FOUG.PA : BofA Merrill cuts target to 51 euros from 53 euros; rating neutral 
    * Eiffage  FOUG.PA : SocGen cuts price target to $45 from $54; rating hold 
    * Electrocomponents  ECM.L : UBS cuts target price to 230p from 240p; rating neutral 
    * Enel Spa  ENEI.MI : Citigroup cuts price target to 3.40 euros from 3.50 euros; rating sell 
    * Enel  ENEI.MI : Exane BNP Paribas cuts target price by 9 pct to 4 euros; rating neutral 
    * Essentra  ESNT.L : JP Morgan raises price target to 897p from 802p; rating overweight 
    * Euronext  ENX.PA : Morgan Stanley raises target to 25.30 euros from 22 euros; overweight 
    * Euronext  ENX.PA : SocGen raises price target to 26 euros from 24.5 euros; rating buy 
    * Euronext  ENX.PA : Morgan Stanley raises target to 25.30 euros from 22 euros; overweight 
    * Fielmann AG  FIEG.DE : DZ Bank raises target to 55.00 euros from 54.00 euros; rating buy 
    * Flybe  FLYB.L : HSBC cuts price target to 135p from 170p; rating overweight 
    * Flybe  FLYB.L : HSBC cuts price target to 135p from 170p; rating overweight 
    * G4S  GFS.L : Barclays raises price target to 290p from 280p; rating overweight 
    * G4S  GFS.L : JP Morgan cuts price target to 272p from 274p; rating overweight 
    * Galp Energia  GALP.LS : Morgan Stanley raises to overweight from equal-weight   
    * Game Digital  GMDG.L : Canaccord Genuity raises target price to 393p from 308p; rating buy 
    * Game Digital  GMDG.L : Liberum raises target price to 390p; rating buy 
    * Gazprom  GAZPq.L : JP Morgan cuts to neutral from overweight; target to $7.50 from $11.10  
    * Gazprom Neft  SIBN.MM : JP Morgan raises target to 180 Roubles from 175 Roubles; neutral  
    * GDF Suez  GSZ.PA : S&P Capital IQ cuts target to 18.50 euros from 19 euros; rating hold 
    * Georg Fischer  FIN.S : Vontobel raises to buy from hold; target to Sfr 740 from Sfr 670 
    * Gerresheimer  GXIG.DE : Credit Suisse cuts to underperform from neutral  
    * Gerresheimer  GXIG.DE : Credit Suisse cuts price target to 42 euros from 44 euros 
    * GFK  GFKG.DE : SocGen cuts price target to 41 euros from 47 euros; rating buy 
    * GFK  GFKG.DE : Natixis cuts price target to 48 euros FOM 50 euros; rating buy 
    * Greene King Plc  GNK.L : HSBC cuts price target to 890p from 950p; rating overweight 
    * Grupa Lotos  LTSP.WA : SocGen raises to buy from hold rating  
    * Grupa Lotos  LTSP.WA : SocGen cuts target price to pln 32 from pln 39.30 
    * Havas  EURC.PA : Goldman Sachs downgrades to neutral from buy  
    * Havas  EURC.PA : Goldman Sachs raises price target to 7.5 euros from 7 euros 
    * Heidelberger  HDDG.DE : DZ Bank AG cuts target to 2.80 euros from 3.10 euros; rating buy 
    * Heineken  HEIN.AS : RABOBANK raises target price to 68 euros from 65 euros; rating buy 
    * Henkel & Co Kgaa AG  HNKG_p.DE : DZ Bank raises target to 90.00 euros from 86.00 euros;buy 
    * Henry Boot  BHY.L : WH Ireland raises price target to 315p from 300p; rating buy 
    * Howden Joinery  HWDN.L : Berenberg raises price target to 445p from 420p; rating buy 
    * Iliad SA  ILD.PA : Raymond James raises target to 209 euros from 185 euros; outperform 
    * JLT  JLT.L : JP Morgan cuts price target to 1,250p from 1,260p; rating overweight 
    * JM  JM.ST : Danske Bank cuts to hold from buy; target price to Sek 230 from Sek 260 
    * KAZ Minerals Plc  KAZ.L : Jefferies raises price target to 280p from 250p; rating hold 
    * Kion Group  KGX.DE : Morgan Stanley raises target to 35 euros from 33 euros; overweight 
    * Land Securities  LAND.L : JP Morgan raises price target to 1,350p from 1,200p; overweight 
    * Leifheit AG  LEIG.DE : Berenberg raises price target to 50 euros from 44 euros; rating buy 
    * Leonteq  LEON.S : Berenberg starts with buy rating; price target of Sfr 270 
    * LPKF  LPKG.DE : Commerzbank cuts to reduce from hold rating 
    * Lukoil  LKOHyq.L : Barclays cuts price target to $60 from $75; rating overweight 
    * Lukoil  LKOHyq.L : JP Morgan cuts price target to $66.80 from $72.90; rating overweight  
    * Lundin Mining  LUMIsdb.ST : Morgan Stanley raises to overweight from equal-weight 
    * Lundin Mining  LUMIsdb.ST : Morgan Stanley raises price target to Sek 42.20 from Sek 37 
    * Maire Tecnimont  MTCM.MI : Barclays cuts target to 3 euros from 3.25 euros; overweight 
    * Maire Tecnimont  MTCM.MI : ESN/Banca Akros cuts target to 2.40 euros; rating accumulate 
    * Maire Tecnimont  MTCM.MI : Exane BNP Paribas cuts target by 26 pct to 2 euros; outperform 
    * Marks And Spencer Group Plc  MKS.L : Barclays raises price target to 345p from 340p 
    * Mediaset  MS.MI : S&P Capital IQ cuts to strong sell from sell 
    * Mekonomen  MEKO.ST : Danske Bank raises target price to Sek 180 from Sek 170; rating hold 
    * Mitie Group Plc  MTO.L : Barclays cuts to equal weight from overweight 
    * Mitie Group Plc  MTO.L : Barclays cuts price target to 285p from 338p 
    * Moneysupermarket  MONY.L : JP Morgan raises target to 235p from 217p; rating overweight 
    * Nordea  NDA.ST : RBC cuts price target to Sek 95 from Sek 98; rating sector perform 
    * Norilsk Nickel  NKELyq.L : JP Morgan raises target to $23.90 from $21; rating overweight 
    * NOS SGPS  NOS.LS : Berenberg cuts price target to 5.8 euros from 6 euros; rating buy  
    * Novartis  NOVN.VX : Kepler Cheuvreux raises to buy from hold;target to Sfr 105 from Sfr 87 
    * Novatek  NVTKq.L : JP Morgan cuts price target to $130 from $138; rating overweight   
    * Numericable  NUME.PA : RBC raises to top pick from sector perform;cuts target to 35 euros 
    * OHB AG  OHBG.DE : DZ Bank cuts target price to 25.00 euros from 27.00 euros; rating buy 
    * Orange SA  ORAN.PA : RBC cuts to outperform from top pick 
    * Osram Licht  OSRn.DE : Morgan Stanley ups target to 35 euros from 34.50 euros;equal weight 
    * Pandora  PNDORA.CO : Jyske Bank cuts target price to Dkk 530 from Dkk 550; rating buy 
    * Pandora  PNDORA.CO : Citigroup raises price target to Dkk 545 from Dkk 480; rating buy 
    * Pfeiffer Vacuum  PV.DE : Commerzbank cuts target to 66 euros from 95 euros; rating add 
    * Philips  PHG.AS : Morgan Stanley adds stock to European best ideas list; rating overweight 
    * Polymetal  POLYP.L : JP Morgan cuts price target to 600p from 660p; rating neutral 
    * Polyus Gold  PGIL.L : JP Morgan raises price target to 220p from 200p; rating neutral 
    * Punch Taverns  PUB.L : Barclays raises price target to 214p after 1:20 reverse stock-split 
    * Punch Taverns Plc  PUB.L : Barclays raises to overweight from equal weight 
    * Randall & Quilter  RQIH.L : Numis raises to buy from add; cuts target price by 15p to 150p 
    * Renault  RENA.PA : Barclays raises target to 96 euros from 94 euros; rating overweight 
    * Rexam  REX.L : Deutsche Bank cuts target price to 500p from 570p; rating hold 
    * Rheinmetall  RHMG.DE : Berenberg cuts target to 42.90 euros from 43.50 euros; rating buy 
    * Roche  ROG.VX : Kepler Cheuvreux cuts to hold from buy   
    * Roche  ROG.VX : Kepler Cheuvreux raises price target to Sfr 290 from Sfr 286 
    * Rockhopper Exploration  RKH.L : BMO raises to market perform from underperform  
    * Rockhopper Exploration  RKH.L : BMO raises price target to 90p from 76p 
    * Rolls-Royce  RR.L : RBC cuts target price to 870p from 910p; rating sector perform 
    * Rosneft  ROSNq.L : JP Morgan cuts to underweight from neutral; target to $5 from $6.90  
    * Royal Vopak  VOPA.AS : JP Morgan raises target to 40 euros from 36 euros; rating neutral 
    * RWE  RWEG.DE : S&P Capital IQ cuts target price to 25 euros from 27 euros; rating sell 
    * SABMiller  SAB.L : Canaccord Genuity raises target price to 3885p; rating buy 
    * SABMiller  SAB.L : S&P Capital IQ cuts to sell from hold; target to 3,430p from 3,450p 
    * Sainsbury  SBRY.L : Morgan Stanley cuts target to 260p from 320p; rating equal-weight 
    * Sainsbury  SBRY.L : Citigroup cuts price target to 300p from 320p; rating buy 
    * Saipem  SPMI.MI : UBS cuts price target to 12 euros from 13 euros; rating sell 
    * Salini Impregilo SALI.MI :Exane BNP Paribas cuts target by 15 pct to 3.40 euros;outperform 
    * Salini Impregilo  SALI.MI : Kepler Cheuvreux ups target to 3.8 euros from 3.6 euros; buy 
    * Salvatore Ferragamo  SFER.MI : ESN/Banca Akros cuts target to 24 euros; rating accumulate 
    * Sampo  SAMAS.HE : Citigroup raises target to 39 euros from 35.70 euros; rating neutral 
    * SIG Plc  SHI.L : JP Morgan cuts price target to 165p from 185p; rating neutral 
    * SIG  SHI.L : Deutsche Bank cuts price target to 152p from 155p 
    * SMT Scharf AG  S4AG.DE : ESN/Equinet cuts target to 14 euros from 18 euros; rating hold 
    * Soco  SIA.L : Numis raises to buy from add 
    * SOCO  SIA.L : Jefferies cuts price target to 420p from 460p; rating buy 
    * Solar  SOLARb.CO : Danske Bank raises to buy from hold  
    * Spirent Communications  SPT.L : Panmure raises target price to 132p from 131p; rating buy 
    * SSE  SSE.L : S&P Capital IQ cuts rating to sell from hold 
    * SSE  SSE.L : Morgan Stanley cuts price target to 1695p from 1735p; rating overweight 
    * Standard Life  SL.L : Credit Suisse cuts to neutral from outperform  
    * Standard Life  SL.L : Credit Suisse raises price target to 425p from 410p 
    * Storebrand ASA  STB.OL : BofA Merrill cuts target to Nok 37 from Nok 40; rating neutral 
    * Stroeer Media  SAXG.DE : Exane BNP Paribas raises target by 8 pct to 27 euros; outperform 
    * Stroeer  SAXG.DE : Kepler Cheuvreux raises target to 23 euros from 19.6 euros; rating buy 
    * Subsea 7  SUBC.OL : Morgan Stanley cuts target to Nok 84 from Nok 95; rating underweight 
    * Subsea 7  SUBC.OL : Citigroup cuts price target to Nok 98 from Nok 110; rating buy 
    * Subsea 7  SUBC.OL : SocGen cuts price target to Nok 87 from Nok 115; rating hold 
    * Subsea 7  SUBC.OL : Credit Suisse cuts target to Nok 120 from Nok 125; rating outperform 
    * Subsea 7  SUBC.OL : Deutsche Bank cuts price target to Nok 73 from Nok 92; rating sell 
    * Subsea 7  SUBC.OL : Natixis cuts price target to 88 Nok from 90 Nok; rating neutral 
    * Surgutng (PREF)  SNGS_p.MM : JP Morgan ups target to 42 Roubles from 35 Roubles;overweight 
    * Surgutng  SNGS.MM : JP Morgan raises to neutral from underweight  
    * Surgutng  SNGS.MM : JP Morgan raises price target to 35 Roubles from 30 Roubles 
    * Swedbank AB  SWEDa.ST : RBC cuts to underperform from sector perform 
    * Swedbank AB  SWEDa.ST : RBC raises price target to Sek 180 from Sek 173 
    * Symrise AG  SY1G.DE : Commerzbank raises target to 53 euros from 47 euros; rating buy 
    * Talktalk  TALK.L : Goldman Sachs cuts target price to 419p from 435p 
    * Talktalk  TALK.L : Goldman Sachs cuts to neutral rating; removes from pan-europe buy list 
    * Tatneft  TATN.MM : JP Morgan raises target to 320 Roubles from 315 Roubles; overweight  
    * Telekom  TTKOM.IS : HSBC raises target price to Tl 7.9 from Tl 7.6; rating overweight  
    * Teleperformance  ROCH.PA : SocGen raises target to 61 euros from 57 euros; rating buy 
    * Teleperformance  ROCH.PA : ESN/CM - CIC Securities raises target to 58 euros; accumulate 
    * Teleperformance  ROCH.PA : Exane BNP Paribas raises target by 7 pct to 60 euros;outperform 
    * Tod's  TOD.MI : BofA Merrill cuts target to 64 euros from 70 euros;rating underperform 
    * Tod's  TOD.MI : Credit Suisse cuts price target to 60 euros; rating underperform 
    * Tod's  TOD.MI : Deutsche Bank cuts price target to 82 euros from 86 euros 
    * Tod's  TOD.MI : Exane BNP Paribas cuts target by 7 pct to 79 euros; rating neutral 
    * Tod's  TOD.MI : Bryan Garnier cuts target price to 72 euros from 88 euros; rating sell 
    * Tod's  TOD.MI : ESN/Banca Akros cuts price target to 80 euros from 85 euros; rating hold 
    * Tod's  TOD.MI : JP Morgan cuts price target to 70 euros from 80 euros; rating neutral 
    * Tod's  TOD.MI : KELER CHEUVREUX cuts price target to 67 euros from 70 euros; rating reduce 
    * Tod's  TOD.MI : Natixis cuts price target to 60 euros from 65 euros; rating reduce 
    * Tullow Oil  TLW.L : Deutsche Bank cuts price target to 575p from 650p; rating hold 
    * Tullow Oil  TLW.L : Credit Suisse cuts target price to 715p from 790p; rating neutral 
    * Tullow Oil  TLW.L : Westhouse raises to buy from add rating; cuts target price to 770p 
    * Tupras  TUPRS.IS : Credit Suisse raises target to Tl 59 from Tl 55.60; rating outperform 
    * Turk Telekom  TTKOM.IS : HSBC raises price target to 7.9 Tl from 7.6 TL; rating overweight 
    * Turkcell  TCELL.IS : HSBC raises target price to Tl 13.5 from Tl 13.1; rating overweight 
    * Volex Plc  VLX.L : Investec cuts price target to 87p from 115p; rating buy 
    * WH Smith  SMWH.L : JP Morgan raises price target to 1,310p from 1,285p; rating overweight 
    * Wolseley Plc  WOS.L : Berenberg raises to buy from hold 
    * Wolseley Plc  WOS.L : Berenberg raises price target to 3900p from 3500p 
    * Workspace  WKP.L : Jefferies raises price target to 850p from 719p; rating buy 
    * XXL ASA  XXLA.OL : Credit Suisse starts with neutral rating; price target of Nok 81 
    * Zumtobel  ZUMV.VI : UBS raises price target to 21 euros from 17.50 euros; rating buy 
 
 (Compiled by Rachel Chitra,Rama Venkat Raman and Jai Ganesh in Bangalore) 
 ((rachel.chitra@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 67496149; 
Reuters Messaging: rachel.chitra.reuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/