EUROPE RESEARCH ROUNDUP: Societe Generale, Eurotunnel, LVMH, K&S

ACOMO

08/11/2013 10:54

Nov 8 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Societe Generale and Eurotunnel, on Friday.  
     
    HIGHLIGHTS 
    * 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 : Numis cuts target to 560p from 570p 
    * Acomo  ARBN.AS : ING raises price target to 15.80 euros from 14.90 euros;rating hold 
    * Aker Solutions  AKSO.OL : Credit Suisse cuts target to Nok 95 from Nok 108;rating neutral 
    * Akzo Nobel  AKZO.AS : JP Morgan raises to overweight from neutral  
    * Akzo Nobel  AKZO.AS : JP Morgan raises price target to 66 euros from 48 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 
    * Associated British Foods  ABF.L : Numis raises to hold from reduce 
    * BAE Systems  BAES.L : Investec cuts to hold from buy; cuts target to 460p from 485p 
    * Barry Callebaut  BARN.S : SocGen raises target to Sfr 1010 from Sfr 875; rating hold 
    * 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 
    * Betfair  BETF.L : HSBC starts with overweight; price target 1245p   
    * 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 
    * Cap Gemini  CAPP.PA : SocGen raises price target to 51 euros from 48 euros; rating hold  
    * 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 : Morgan Stanley cuts target to 12 euros from 14 euros; underweight 
    * 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;outperform  
    * 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  
    * Credit Agricole  CAGR.PA : UBS raises target to 10.50 euros from 10.20 euros; rating buy 
    * Delhaize  DELB.BR : ING cuts price target to 50.50 euros from 53 euros; rating hold 
    * Deutsche Telekom  DTEGn.DE : S&P Capital IQ ups target to 12.50 euros from 10 euros 
    * EasyJet PLC  EZJ.L : Investec cuts target to 1500p from 1550p; rating buy 
    * Enel Green Power  EGPW.MI : SocGen ups target to 2.08 euros from 1.77 euros; rating buy 
    * Eurazeo SA  EURA.PA : SocGen raises price target to 55.7 euros from 52 euros; rating hold 
    * Eurotunnel  GETP.PA : Morgan Stanley raises to overweight from equal weight  
    * Eurotunnel  GETP.PA : Morgan Stanley raises price target to 8.50 euros from 6.10 euros 
    * Fresenius Medical Care  FMEG.DE :SocGen cuts target to 51 euros from 53 euros;rating hold 
    * 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 
    * Grand City Properties  GYC.F : Berenberg starts with buy; price target 7.50 euros 
    * 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 
    * Holcim  HOLN.VX : Vontobel raises to buy from hold; ups target to Sfr 79 from Sfr 72  
    * 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 
    * Inmarsat  ISA.L : SocGen cuts price target to 650p from 670p; rating sell 
    * Inmarsat PLC  ISA.L : HSBC cuts target price to 720p from 750p; rating neutral 
    * Inmarsat PLC  ISA.L : Morgan Stanley cuts target to 740p from 820p; rating overweight 
    * J&J  JNJ.N : Jefferies raises price target to $100 from $95; rating hold 
    * K&S AG  SDFGn.DE : JP Morgan raises to neutral from underweight  
    * K&S AG  SDFGn.DE : JP Morgan raises price target to 21 euros from 12 euros 
    * Kiler Alisveris Hizmetleri  KILER.IS : HSBC raises target to Tl 2 from Tl 1.8 
    * 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 
    * Ladbrokes  LAD.L : HSBC starts with neutral; price target 200p  
    * 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 
    * 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 
    * National Express Group  NEX.L : RBC raises target to 290p from 275p; rating outperform 
    * Novartis AG  NOVN.VX : Jefferies raises target to Sfr 80 from Sfr 78; rating buy 
    * Novo Nordisk  NOVOb.CO : Jefferies raises target to Dkk 1000 from Dkk 930 
    * 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 
    * Pfizer  PFE.N : Jefferies raises price target to $30 from $28; rating hold 
    * 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 Resources  RRS.L : Investec raises target to 5095p from 5018p; rating hold 
    * Roche  ROG.VX : Jefferies raises price target to Sfr 285 from Sfr 270; rating buy 
    * Schroders PLC  SDR.L : RBC cuts price target to 2500p from 2600p; rating sector perform 
    * Shanks Group PLC  SKS.L : Jefferies raises price target to 121p from 100p; rating hold 
    * 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 ups target to 27.40 euros from 25.60 euros; rating sell  
    * 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 
    * 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 
    * 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 
    * 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 
    * Weir Group  WEIR.L : Berenberg cuts price target to 2675p from 2680p; rating buy 
    * William Hill  WMH.L : HSBC starts with underweight 
 
    ((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/