EUROPE RESEARCH ROUNDUP: Societe Generale, Eurotunnel, LVMH, Carrefour
08/11/2013 15:26
Nov 8 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Societe Generale and Eurotunnel, on Friday.
HIGHLIGHTS
* Glencore Xstrata GLEN.L : Investec starts with sell
* Societe Generale SOGN.PA : S&P Capital IQ cuts to buy from strong buy
* Eurotunnel GETP.PA : Morgan Stanley raises to overweight from equal weight
* K&S AG SDFGn.DE : JP Morgan raises to neutral from underweight
* LVMH LVMH.PA : Raymond James cuts to outperform from strong buy
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Abbott Laboratories ABT.N : Jefferies raises target to $48 from $46; rating buy
* Abcam PLC ABCA.L : Canaccord Genuity cuts target to 386p from 396p; rating sell
* Abcam PLC ABCA.L : Numis cuts target to 560p from 570p
* Acomo ARBN.AS : ING raises price target to 15.80 euros from 14.90 euros;rating hold
* Adidas ADSGn.DE : JP Morgan raises target to 93 euros from 90 euros; rating overweight
* Adidas AG ADSGn.DE : Citigroup raises target to 100 euros from 93 euros; rating buy
* Adidas AG ADSGn.DE : UBS raises target to 102 euros from 90 euros; rating buy
* Aegon NV AEGN.AS : Natixis raises target to 6.3 euros from 6.2 euros; rating buy
* Agrarius AG AU2G.DE : ESN/Equinet Bank starts with buy rating; target of 1.25 euro
* Aker Solutions AKSO.OL : Credit Suisse cuts target to Nok 95 from Nok 108;rating neutral
* Akzo Nobel AKZO.AS : JP Morgan raises price target to 66 euros from 48 euros
* Akzo Nobel AKZO.AS : JP Morgan raises to overweight from neutral
* Algeta ASA ALGETA.OL : Deutsche Bank raises target to Nok 265 from Nok 255
* Amadeus IT Holding SA AMA.MC : JP Morgan raises target to 29.40 euros from 27.40 euros
* Anadolu Efes AEFES.IS : HSBC raises target price to Tl 28 from Tl 26.6; rating neutral
* ArcelorMittal ISPA.AS : Jefferies ups target to 14.50 euros from 13.50 euros; rating buy
* ArcelorMittal ISPA.AS : JP Morgan raises target price to 15 euros from 13.50 euros
* ArcelorMittal SA ISPA.AS : Credit Suisse raises target price to $20 from $18
* Associated British Foods ABF.L : Numis raises to hold from reduce
* Aviva PLC AV.L : Berenberg raises target to 415p from 375p; rating sell
* BAE Systems BAES.L : Investec cuts to hold from buy; cuts target to 460p from 485p
* Barry Callebaut BARN.S : Helvea Baader Bank raises target to Sfr 1030 from Sfr 890
* Barry Callebaut BARN.S : SocGen raises target to Sfr 1010 from Sfr 875; rating hold
* Barry Callebaut BARN.S : UBS raises target to Sfr 1000 from Sfr 910; rating neutral
* Bayer AG BAYGn.DE : Jefferies raises target to 107 euros from 98 euros; rating buy
* Beneteau CHBE.PA : SocGen raises price target to 13.4 euros from 11 euros
* Beneteau CHBE.PA : SocGen raises to hold from sell
* Beneteau SA CHBE.PA : Exane BNP Paribas cuts to underperform from neutral
* Beneteau SA CHBE.PA : Natixis raises target to 12 euros from 10.5 euros; rating neutral
* Betfair BETF.L : HSBC starts with overweight; price target 1245p
* Bilfinger SE GBFG.DE : Deutsche Bank raises target to 82 euros from 77 euros
* Bizim Toptan Satis BIZIM.IS : HSBC cuts target to Tl 28.6 from Tl 32; rating overweight
* Bogdanka LWBP.WA : SocGen raises price target to Pln 137 from Pln 123; rating buy
* Booker BOK.L : UBS raises target to 170p from 141p; rating buy
* Bovis Homes Group PLC BVS.L : Jefferies raises target to 1022p from 995p; rating buy
* Cap Gemini CAPP.PA : SocGen raises price target to 51 euros from 48 euros; rating hold
* Cap Gemini CAPP.PA : Natixis raises target to 42 euros from 40 euros; rating neutral
* Cap Gemini CAPP.PA : UBS raises target to 49 euros from 47.5 euros; rating neutral
* Carlsberg CARLb.CO : Exane BNP Paribas cuts target to Dkk 680 from Dkk 720
* Centamin CEY.L : Liberum raises price target to 81p from 70p; rating buy
* CGG Veritas GEPH.PA : HSBC cuts target to 22 euros from 23 euros; rating overweight
* CGG Veritas GEPH.PA : JP Morgan raises target to 18.60 euros from 18.50 euros
* CGG Veritas GEPH.PA : Morgan Stanley cuts target to 12 euros from 14 euros; underweight
* CGG Veritas GEPH.PA : Natixis cuts target to 19 euros from 20 euros; rating buy
* CGG Veritas GEPH.PA : SocGen cuts price target to 20 euros; rating buy
* Christian Dior DIOR.PA : Raymond James ups target to 164 euros from 142 euros;
* Clarkson PLC CKN.L : JP Morgan raises target to 1990p from 1670p; rating neutral
* Coca-Cola Icecek AS CCOLA.IS : HSBC raises target to Tl 62 from Tl 56; rating neutral
* Commerzbank CBKG.DE : RBC ups target to 10 euros from 8.50 euros; rating sector perform
* Commerzbank CBKG.DE : SocGen raises target to 7.7 euros from 6.7 euros; rating sell
* Commerzbank CBKG.DE : Deutsche Bank raises price target to 12 euros from 9 euros
* Continental AG CONG.DE : JP Morgan raises target to 150 euros from 130 euros
* Continental AG CONG.DE : Natixis raises target to 138 euros from 116 euros
* Corio NV COR.AS : Berenberg cuts target to 32 euros from 35 euros; rating hold
* Credit Agricole CAGR.PA : UBS raises target to 10.50 euros from 10.20 euros; rating buy
* Credit Agricole SA CAGR.PA : JP Morgan raises target to 9.50 euros from 9 euros
* Dairy Crest DCG.L : JP Morgan raises price target to 583p from 543p; rating overweight
* Davide Campari Milano CPRI.MI : Berenberg raises target to 6.50 euros from 6.25 euros
* Delhaize DELB.BR : ING cuts price target to 50.50 euros from 53 euros; rating hold
* Delticom AG DEXGn.DE : Commerzbank cuts target to 36 euros from 47 euros
* Delticom AG DEXGn.DE : Commerzbank cuts to hold from add
* Deutsche Telekom DTEGn.DE : Citigroup raises target to 11 euros from 10.70 euros
* Deutsche Telekom DTEGn.DE : Natixis raises target to 8.2 euros from 7.2 euros
* Deutsche Telekom DTEGn.DE : S&P Capital IQ ups target to 12.50 euros from 10 euros
* E.ON SE EONGn.DE : SocGen cuts target to 10.5 euros from 11.5 euros; rating sell
* EasyJet PLC EZJ.L : Investec cuts target to 1500p from 1550p; rating buy
* Electricite de France EDF.PA : Citigroup raises target to 24.55 euros from 20 euros
* Elmos ELGG.DE : Deutsche Bank raises target to 8 euros from 7.3 euros
* Emmi AG EMMN.S : Helvea Baader Bank cuts target by Sfr 5 to Sfr 300
* Enel Green Power EGPW.MI : SocGen ups target to 2.08 euros from 1.77 euros; rating buy
* Enel SpA ENEI.MI : Natixis raises target to 3.1 euros from 2.95 euros
* Eurazeo SA EURA.PA : SocGen raises price target to 55.7 euros from 52 euros; rating hold
* Eurotunnel GETP.PA : Morgan Stanley raises price target to 8.50 euros from 6.10 euros
* Eurotunnel GETP.PA : Morgan Stanley raises to overweight from equal weight
* FLSmidth & Co FLS.CO : Exane BNP Paribas cuts target price to Dkk 325 from Dkk 330
* FLSmidth & Co FLS.CO : Exane BNP Paribas raises to neutral from underperform
* Fonciere des Regions FDR.PA : Natixis raises target to 74.5 euros from 72.5 euros
* Fraport FRAG.DE : Nomura cuts to neutral from buy
* Fresenius Medical Care FMEG.DE : SocGen cuts target to 51 euros from 53 euros;
* Fresenius SE FREG.DE : SocGen cuts price target to 123 euros from 126 euros; rating buy
* Generali GASI.MI : S&P Capital IQ raises target to 14.50 euros from 13 euros
* Glaxosmithkline Plc GSK.L : Jefferies raises target to 1700p from 1600p; rating hold
* Glencore Xstrata GLEN.L : Investec starts with sell; price target 307p
* Grand City Properties GYC.F : Berenberg starts with buy; price target 7.50 euros
* Groupe Bruxelles Lambert SA GBLB.BR : SocGen raises target to 72.2 euros from 71.5 euros
* H Lundbeck A/S LUN.CO : JP Morgan cuts price target to Dkk 136 from Dkk 143
* Halfords HFD.L : JP Morgan raises target to 440p from 405p; rating overweight
* Halfords Group HFD.L : Citigroup raises target to 545p from 465p; rating buy
* Halfords Group HFD.L : N+1 Singer raises target to 540p; rating buy
* HeidelbergCement HEIG.DE : SocGen raises target to 66 euros from 64 euros; rating buy
* HeidelbergCement HEIG.DE :S&P Capital IQ cuts target to 63 euros from 64 euros;rating buy
* Hermes International HRMS.PA : Credit Suisse raises target to 235 euros from 225 euros
* Hermes International HRMS.PA : Natixis raises traget to 207 euros from 192 euros
* Hikma HIK.L : Panmure raises target to 1350p from 1300p; rating buy
* Hochtief AG HOTG.DE : ESN/Equinet Bank cuts to hold from buy
* Holcim HOLN.VX : Vontobel raises to buy from hold; ups target to Sfr 79 from Sfr 72
* IG Group Holdings PLC IGG.L : UBS raises target to 720p from 700p; rating buy
* Infinity Pharmaceuticals INFI.O : Jefferies cuts target to $13 from $20; rating hold
* ING ING.AS : SocGen raises price target to 11.5 euros from 10 euros; rating buy
* Init AG IXXG.DE : Commerzbank cuts target to 23 euros from 26 euros
* Inmarsat ISA.L : SocGen cuts price target to 650p from 670p; rating sell
* Inmarsat ISA.L : UBS cuts price target to 695p from 715p; rating neutral
* Inmarsat ISA.L : Berenberg cuts target to 740p from 775p; rating hold
* Inmarsat ISA.L : HSBC cuts target price to 720p from 750p; rating neutral
* Inmarsat ISA.L : JP Morgan cuts price target to 780p from 800p; rating overweight
* Inmarsat ISA.L : Morgan Stanley cuts target to 740p from 820p; rating overweight
* Inmarsat ISA.L : Natixis cuts target price to 650p from 670p; rating neutral
* J&J JNJ.N : Jefferies raises price target to $100 from $95; rating hold
* JC Decaux SA JCDX.PA : Citigroup raises target to 33.70 euros from 30 euros; rating buy
* K&S AG SDFGn.DE : JP Morgan raises price target to 21 euros from 12 euros
* K&S AG SDFGn.DE : JP Morgan raises to neutral from underweight
* Kiler Alisveris Hizmetleri KILER.IS : HSBC raises target to Tl 2 from Tl 1.8
* Klepierre LOIM.PA : Exane BNP Paribas raises target price to 36 euros from 31 euros
* Klepierre LOIM.PA : Exane BNP Paribas raises to outperform from neutral
* Koenig & Bauer AG SKBG.DE : HSBC cuts target price to 16 euros from 19 euros
* Koenig & Bauer AG SKBG.DE : HSBC cuts to neutral from overweight
* Koninklijke Ahold AHLN.AS : JP Morgan raises target to 14.70 euros from 13.50 euros
* Kuoni KUNN.S : Exane BNP Paribas raises target to Sfr 400 from Sfr 330; rating neutral
* Kuoni KUNN.S : Helvea Baader Bank raises target to Sfr 450 from Sfr 410; rating buy
* Kuoni Reisen KUNN.S : JP Morgan raises target to Sfr 400 from Sfr 350; rating neutral
* Kuoni Reisen KUNN.S : Citigroup ups target to Sfr 450 from Sfr 385; rating buy
* Kuoni Reisen KUNN.S : Natixis raises target to Sfr 400 from Sfr 370
* Ladbrokes LAD.L : HSBC starts with neutral; price target 200p
* Lancashire Holdings LRE.L : Deutsche Bank cuts price target to 807.4p from 816p
* Lancashire Holdings LRE.L : Deutsche Bank cuts to hold from buy
* Legrand SA LEGD.PA : Deutsche Bank raises target to 36 euros from 32 euros
* Legrand SA LEGD.PA : JP Morgan cuts target to 39.50 euros from 41 euros; rating neutral
* Lloyds Banking Group PLC LLOY.L : Investec raises to buy from hold
* London Mining PLC LOND.L : JP Morgan cuts target to 200p from 215p; rating overweight
* Lundin Petroleum LUPE.ST : Morgan Stanley cuts target price to Sek 156 from Sek 165
* Lundin Petroleum LUPE.ST : Morgan Stanley cuts to equal-weight from overweight
* LVMH LVMH.PA : Raymond James cuts to outperform from strong buy
* LVMH LVMH.PA : Raymond James raises price target to 167 euros from 163 euros
* Magnit OAO MGNTq.L : HSBC raises price target to $76 from $68
* Melia Hotels International MEL.MC : Natixis raises target to 9.5 euros from 8.5 euros
* Migros MGROS.IS : HSBC raises target price to Tl 21.8 from Tl 21.7; rating overweight
* Moneysupermarket.com Group MONY.L : UBS raises target to 170p; rating neutral
* Muinch Re MUVGn.DE : SocGen raises price target to 148 euros from 142 euros; rating hold
* Munich Re MUVGn.DE : Commerzbank raises target to 166 euros from 158 euros; rating add
* Munich Re MUVGn.DE : JP Morgan raises target to 172 euros from 163 euros
* National Express Group NEX.L : RBC raises target to 290p from 275p; rating outperform
* Nobel Biocare NOBN.S : Deutsche Bank raises target to Sfr 10.7 from Sfr 6.6
* Novae NVA.L : Numis raises to hold from reduce
* Novae Group PLC NVA.L : Canaccord Genuity raises target to 575p from 520p; rating buy
* Novartis AG NOVN.VX : Berenberg cuts target to Sfr 81 from Sfr 83; rating buy
* Novartis AG NOVN.VX : Jefferies raises target to Sfr 80 from Sfr 78; rating buy
* Novo Nordisk NOVOb.CO : Berenberg cuts target to Dkk 1055 from Dkk 1090; rating hold
* Novo Nordisk NOVOb.CO : Jefferies raises target to Dkk 1000 from Dkk 930
* OMV AG OMVV.VI : Natixis cuts target to 43.8 euros from 45.3 euros
* Ordina ORDN.AS : ING raises to buy from hold; ups target to 2.15 euros from 1.25 euros
* Paddy Power PAP.I : HSBC starts with underweight
* Pennon Group PNN.L : HSBC ups to overweight from neutral; cuts target to 740p from 760p
* Peugeot SA PEUP.PA : Nomura starts with reduce rating and 8 euros target
* Pfizer PFE.N : Jefferies raises price target to $30 from $28; rating hold
* Pirelli&C SpA PECI.MI : JP Morgan raises target to 13.50 euros from 12 euros;
* Prosiebensat 1 Media PSMGn.DE : HSBC raises target to 40 euros from 38 euros
* Prysmian SpA PRY.MI : HSBC ups target to 21.5 euros from 18.5 euros; rating overweight
* Randgold RRS.L : Deutsche Bank raises target to 5200p from 5050p
* Randgold RRS.L : Investec raises target to 5095p from 5018p; rating hold
* Record PLC RECL.L : JP Morgan cuts target to 40p from 45p; rating overweight
* Reed Elsevier NV ELSN.AS : S&P Capital IQ raises price target to 16 euros from 14 euros
* Reed Elsevier PLC REL.L : Credit Suisse raises target to 815p from 620p; rating neutral
* Reed Elsevier PLC REL.L : S&P Capital IQ raises target to 950p from 900p; rating hold
* Renault SA RENA.PA : Nomura starts with neutral rating and 68 euros target
* Repsol SA REP.MC : Natixis cuts to neutral from buy
* Richemont SA CFR.VX : S&P Capital IQ raises target to Sfr 110 from Sfr 105; rating buy
* Rightmove RMV.L : Deutsche Bank raises target to 2650p from 2450p
* Roche ROG.VX : Jefferies raises price target to Sfr 285 from Sfr 270; rating buy
* Rovi ROVI.MC : Exane BNP Paribas cuts to neutral from outperform
* Sampo SAMAS.HE : Credit Suisse ups target to 38 euros from 30 euros; rating outperform
* Scania AB SCVb.ST : Natixis raises price target to Sek 151 from Sek 133
* Scania AB SCVb.ST : Natixis raises to buy from neutral
* Schroders SDR.L : Credit Suisse raises target to 2550p from 2350p
* Schroders SDR.L : UBS raises price target to 2450p from 2350p
* Schroders PLC SDR.L : Exane BNP Paribas cuts to neutral from outperform
* Schroders PLC SDR.L : JP Morgan raises target to 2791p from 2624p; rating overweight
* Schroders PLC SDR.L : RBC cuts price target to 2500p from 2600p; rating sector perform
* Scor SE SCOR.PA : Berenberg raises target to 28.30 euros from 26.20 euros; rating hold
* Securitas AB SECUb.ST : Carnegie cuts to hold from buy
* Securitas AB SECUb.ST : UBS raises target to Sek 74 from Sek 71; rating neutral
* Shanks Group SKS.L : Credit Suisse cuts to neutral from outperform
* Shanks Group PLC SKS.L : Jefferies raises price target to 121p from 100p; rating hold
* Siemens AG SIEGn.DE : Citigroup raises price target to 110 euros from 100 euros
* Smurfit Kappa Group SKG.I : Deutsche Bank raises target to 21 euros from 19 euros
* Societe Generale SOGN.PA : Natixis raises target to 48 euros from 46 euros; rating buy
* Societe Generale SOGN.PA : S&P Capital IQ cuts to buy from strong buy
* Societe Generale SOGN.PA : S&P Capital IQ raises price target to 47 euros from 40 euros
* Societe Generale SOGN.PA : UBS raises target to 27.4 euros from 25.6 euros; rating sell
* Societe Generale SOGN.PA : UBS ups target to 27.40 euros from 25.60 euros; rating sell
* Solvay SA SOLB.BR : UBS cuts target to 134 euros from 143 euros; rating buy
* Sorin SORN.MI : Berenberg raises price target to 2.50 euros from 2.40 euros; rating buy
* Swiss Re AG SRENH.VX : JP Morgan raises target to Sfr 87 from Sfr 81; rating neutral
* Swisscom AG SCMN.VX : HSBC raises target to Sfr 530 from Sfr 500; rating overweight
* Swisscom AG SCMN.VX : S&P Capital IQ raises to buy from hold
* Tat Konserve Sanayii TATKS.IS : HSBC raises target to Tl 2.9 from Tl 2.6; rating neutral
* Tecan TECN.S : UBS raises price target to Sfr 110 from Sfr 100; rating buy
* Tecan Group TECN.S : UBS raises target to Sfr 110 from Sfr 100; rating buy
* Teknosa TKNSA.IS : HSBC raises target price to Tl 15.9 from Tl 14.2; rating overweight
* Telefonica Deutschland Holding O2Dn.DE : UBS raises target to 7 euros from 6.40 euros
* Television Francaise 1 TFFP.PA : Citigroup raises target to 19 euros from 12.50 euros
* Television Francaise 1 TFFP.PA : Deutsche Bank raises target to 12 euros from 10.5 euros
* Tenaris SA TENR.MI : Natixis cuts to reduce from neutral
* TF1 TFFP.PA : SocGen raises price target to 14 euros from 13.7 euros; rating hold
* Ulker Biskuvi Sanayi ULKER.IS : HSBC raises target to Tl 16.7 from Tl 12.3
* Vallourec VLLP.PA : S&P Capital IQ cuts target to 46 euros from 48 euros; rating hold
* Vallourec VLLP.PA :JP Morgan cuts target to 48 euros from 50 euros; rating overweight
* Vestas Wind Systems VWS.CO : Commerzbank raises target to Dkk 130 from Dkk 94
* Waterlogic PLC WTL.L : N+1 Singer cuts target to 136p from 235p; rating buy
* Weir Group WEIR.L : Berenberg cuts price target to 2675p from 2680p; rating buy
* William Hill WMH.L : HSBC starts with underweight
* Wincanton PLC WIN.L : JP Morgan raises target to 106p from 91p; rating underweight
* Zodiac ZODC.PA : Deutsche Bank raises target to 108 euros from 94 euros
SECTOR CHANGES:
* European Autos & Auto Parts: Nomura cuts to bearish from neutral
((Compiled by Saqib Iqbal Ahmed and Garima Goel; Bangalore Equities Newsdesk +91 80 6749
1130; within U.S. +1 646 223 8780))
Keywords: RESEARCH EUROPE/
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