Europe Research Roundup: BMW, Salvatore Ferragamo, Henkel

ACOMO

12/08/2014 16:20

Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including National Bank of Greece, African Barrick Gold and BMW, on Tuesday. 
     
    HIGHLIGHTS 
    * Salvatore Ferragamo  SFER.MI : Credit Suisse raises to outperform  ID:nWNAB04JRX  
    * Henkel  HNKG_p.DE : Canaccord Genuity, S&P Capital IQ cut target price on the stock 
    * National Bank of Greece  NBGr.AT : Citigroup raises to buy from neutral 
    * Medigene AG  MDG1k.DE : DZ Bank raises to hold from sell 
    * African Barrick Gold Plc  ABGL.L : Investec raises to hold from sell  
          
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
     
    * Aareal Bank AG  ARLG.DE : DZ Bank raises target to 38.00 euros from 36.00 euros;rating buy 
    * ACOMO  ARBN.AS : ESN/SNS Securities raises target to 19.40 euros from 19 euros; rating buy 
    * Adidas AG  ADSGn.DE : ESN/Equinet Bank cuts target to 75 euros from 90 euros; rating buy  
    * African Barrick Gold Plc  ABGL.L : Investec raises to hold from sell  
    * African Barrick Gold Plc  ABGL.L : Investec raises price target to 260p from 212p  
    * AL Noor Hospitals Group  ANHA.L : Jefferies cuts target to 1125p from 1155p; rating buy 
    * Allianz SE  ALVG.DE : Helvea Baader Bank ups target 138 euros from 137 euros; rating buy  
    * Allianz SE  ALVG.DE : Credit Suisse raises target to 148 euros from 146 euros; outperform  
    * AP Moeller Maersk A/S  MAERSKb.CO : Credit Suisse raises target to Dkr12,800; neutral  
    * Aquarius Platinum  AQP.L : Citigroup raises target price to 26p from 22p; rating neutral 
    * Arkema SA  AKE.PA : Citigroup cuts to neutral from buy 
    * Arkema SA  AKE.PA : Citigroup cuts price target to 60 euros from 90 euros 
    * Ascom  ASCN.S : Helvea Baader Bank cuts target price to Sfr 15 from Sfr 18; rating hold  
    * Balfour Beatty PLC  BALF.L : RBC raises target to 220p from 200p; rating sector perform  
    * Beiersdorf AG  BEIG.DE : Berenberg cuts target price to 77 euros from 84 euros; rating buy 
    * Beiersdorf AG  BEIG.DE : DZ Bank cuts target to 72.00 euros from 73.00 euros; rating buy  
    * Bilfinger SE  GBFG.DE : ESN/Equinet Bank raises to accumulate from hold rating  
    * BMW  BMWG.DE : Goldman Sachs raises target to 108 euros from 102 euros; rating neutral 
    * Brenntag AG  BNRGn.DE : Berenberg cuts target price to 50 euros from 53 euros; rating buy 
    * Brenntag AG  BNRGn.DE : DZ Bank cuts target price to 34 euros from 35 euros; rating sell 
    * Caledonia Mining Corp  CALq.L : Numis cuts target price to 90p from 100p; rating buy  
    * Centrica Plc  CNA.L : Raymond James cuts target to 292p from 300p; rating underperform  
    * Cobham Plc  COB.L : Investec cuts price target to 290p from 310p; rating reduce 
    * Deutsche Lufthansa AG  LHAG.DE : RBC cuts target to 14 euros from 15 euros; sector perform 
    * Deutz AG  DEZG.DE : UBS cuts price target to 3.70 euros from 5.30 euros; rating sell 
    * DKSH Holding AG  DKSH.S : Helvea Baader Bank ups target to Sfr 76 from Sfr 72; rating hold 
    * Fluidra  FLUI.MC : Exane BNP Paribas cuts to underperform rating 
    * Fluidra  FLUI.MC : Exane BNP Paribas cuts target price to 2.80 euros from 3.50 euros 
    * Fresenius Medical Care  FMEG.DE : DZ Bank ups target to 45.00 euros from 43.00 euros; sell 
    * Fugro NV  FUGRc.AS : UBS cuts price target to 31 euros from 33 euros; rating neutral  
    * Fugro NV  FUGRc.AS : Natixis cuts to reduce from neutral 
    * Fugro NV  FUGRc.AS : Natixis cuts target price to 26 euros from 31 euros 
    * Halkbank  HALKB.IS : UBS cuts to neutral from buy; target price to Tl 17.55 from Tl 18.90 
    * Hargreaves Lansdown  HRGV.L : UBS starts with sell rating; target price of 850p 
    * Hargreaves Lansdown  HRGV.L : UBS adds to least preferred list in diversified financials 
    * Henkel  HNKG_p.DE : Canaccord Genuity cuts target to 83 euros from 86 euros; rating hold  
    * Henkel  HNKG_p.DE : S&P Capital IQ cuts target to 84 euros from 88 euros; rating hold  
    * Immunodiagnostic Systems  IDH.L :Canaccord Genuity cuts target to 478p from 492p; hold 
    * Implenia AG  IMPN.S : Vontobel cuts target price to Sfr 65 from Sfr 74; rating buy 
    * Intu Properties  INTUP.L : Jefferies raises target price to 333p; rating hold  
    * Jenoptik  JENG.DE : ESN/Equinet Bank cuts target to 13.50 euros from 15 euros; rating buy  
    * KGHM Polska Miedz  KGH.WA : Wood & Company raises target to Pln 119 from Pln 91; sell  
    * Koninklijke Reesink NV  ALRRE.AS :ESN/SNS Securities cuts target to 86.50 euros;rating buy 
    * LEG Immobilien AG  LEGn.DE : Berenberg raises target to 57 euros from 55 euros; rating buy 
    * Lufthansa  LHAG.DE : ESN/Equinet Bank raises to buy from hold rating; target 15 euros  
    * Man Group Plc  EMG.L : RBC cuts price target by 110p from 120p; rating sector perform  
    * Matas  MATAS.CO : Nordea Equity Research cuts target to Dkk 155 from Dkk 165; rating hold 
    * Medigene AG  MDG1k.DE : DZ Bank raises to hold from sell 
    * Medigene AG  MDG1k.DE : DZ Bank raises target price to 4.90 euros from 3.45 euros  
    * National Bank of Greece  NBGr.AT : Citigroup raises to buy from neutral 
    * National Express Group Plc  NEX.L : RBC cuts target to 320p from 340p; rating outperform  
    * NN Group NV  NN.AS : Commerzbank starts with add rating; target price of 23 euros  
    * Novozymes  NZYMb.CO : ALM Brand Markets raises target to Dkk 280 from Dkk 275; neutral  
    * Old Mutual Plc  OML.L : Goldman Sachs cuts price target to 215p from 224p; rating buy 
    * Ophir Energy  OPHR.L : SocGen cuts to hold from buy 
    * Piraeus Bank SA  BOPr.AT : Citigroup cuts target to 1.55 euro from 2 euros; rating buy 
    * Plus500  PLUSP.L : Numis raises target price to 838p from 824p; rating buy  
    * Porsche  PSHG_p.DE : Berenberg raises price target to 109 euros from 104 euros; rating buy 
    * RSA  RSA.L : Panmure cuts target price to 451p from 485p; rating hold 
    * RSA  RSA.L : Credit Suisse raises to neutral from underperform; target to 450p from 400p  
    * Rockwool International  ROCKb.CO : Danske Bank cuts target to Dkk 1050 from Dkk 1100;hold  
    * Salvatore Ferragamo  SFER.MI : Credit Suisse raises to outperform from neutral   
    * Salvatore Ferragamo  SFER.MI : Credit Suisse raises target price to 22 euros from 21 euros 
    * Schibsted ASA  SBST.OL : UBS cuts price target to Nok 390 from Nok 440; rating buy  
    * Segro Plc  SGRO.L : Jefferies raises target price to 356p; rating hold 
    * Serco Group  SRP.L : Investec cuts target price to 290p from 310p; rating sell  
    * SIG  SHI.L : Jefferies cuts target price to 200p from 220p; rating buy 
    * Synthomer Plc  SYNTS.L : Jefferies cuts price target to 314p from 338p; rating buy  
    * Technicolor  TCH.PA : Morgan Stanley ups target to 6.10 euros from 5.30 euros; overweight  
    * Technopolis  TPS1V.HE : ESN/Pohjola raises to buy from accumulate rating  
    * Tod's SPA  TOD.MI : Credit Suisse cuts to underperform from neutral   
    * Tod's SPA  TOD.MI : Credit Suisse cuts target price to 73 euros from 105 euros  
    * Transocean Ltd  RIGN.VX : Vontobel cuts target price to Sfr 40 from Sfr 42; rating hold 
    * Vakifbank  VAKBN.IS : SocGen cuts target price to Tl 5.2 from Tl 5.6; rating hold  
    * Zehnder  ZEH.S : Vontobel cuts target price to Sfr 39 from Sfr 40; rating hold 
    * Zehnder  ZEH.S : Helvea Baader Bank cuts target price to Sfr 40 from Sfr 42; rating hold  
 
 (Compiled by Rachel Chitra 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/