Europe Research Roundup: Yara, BW Offshore, Fortum

ACOMO

17/02/2015 06:54

Feb 17 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Just Eat and Yara, on Tuesday.  
         
    HIGHLIGHTS 
    * BW Offshore  BWO.OL : SocGen cuts to hold from buy 
    * Fortum  FUM1V.HE : Morgan Stanley raises to equal weight from underweight 
    * Just Eat  JE.L : Barclays starts with overweight rating 
    * Yara  YAR.OL : UBS raises to neutral from sell 
     
       
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
     
     
    * Acomo  ARBN.AS : ING raises price target to 23.50 euros from 18.20 euros; rating hold 
    * Actelion  ATLN.VX : Jefferies raises price target to Sfr 130 from Sfr 126; rating buy 
    * Actelion  ATLN.VX : UBS cuts price target to Sfr 116 from Sfr 122; rating buy 
    * Adidas AG  ADSGn.DE : UBS cuts price target to 63 euros from 64 euros; rating neutral 
    * BW Offshore  BWO.OL : SocGen cuts to hold from buy 
    * BW Offshore  BWO.OL : SocGen cuts price target to Nok 7.70 from Nok 9.30 
    * DS Smith Plc  SMDS.L : Jefferies raises to buy from hold 
    * DS Smith Plc  SMDS.L : Jefferies raises price target to 360p from 330p 
    * Fidessa Group  FDSA.L : UBS cuts price target to 2410p from 2460p; rating neutral 
    * FNAC  FNAC.PA : SocGen raises price target to 50 euros from 36 euros; rating buy 
    * Fortum  FUM1V.HE : Morgan Stanley raises to equal weight from underweight 
    * Fortum  FUM1V.HE : Morgan Stanley raises price target to 20 euros from 16 euros 
    * Hammerson  HMSO.L : Jefferies cuts price target to 622p from 628p; rating hold 
    * Iliad SA  ILD.PA : UBS raises price target to 250 euros from 207 euros; rating buy 
    * Just Eat  JE.L : Barclays starts with overweight rating; 450p price target 
    * Komercni BanKA  BKOM.PR :JP Morgan cuts to underweight from neutral;ups target to Czk 5527 
    * Lundin Petroleum  LUPE.ST : Barclays ups target to sek 130 from sek 125; equal weight 
    * Man Group  EMG.L : RBC raises price target to 190p from 115p; rating sector perform 
    * Mobistar  MSTAR.BR : Berenberg raises to buy from hold 
    * Mobistar  MSTAR.BR : Berenberg revises target price to 21 euros from 12.80 euros 
    * Provident Financial  PFG.L : Berenberg raises price target to 2500p from 2330p; hold 
    * Royal MaiL  RMG.L : Morgan Stanley cuts price target to 340p from 350p; rating  
    * RPS Group  RPS.L : Jefferies cuts price target to 285p from 300p; rating buy 
    * Stabilus  STAB.DE : SocGen raises price target to 30 euros from 24 euros; rating hold 
    * TomTom  TOM2.AS : S&P Capital IQ raises price target to 7 euros from 6 euros; rating hold 
    * Sipef  SIFB.BR : ING cuts price target to 53 euros from 61 euros; rating hold 
    * Wessanen  BSWSc.AS : ING raises price target to 5.55 euros from 4.90 euros; rating hold 
    * Yara  YAR.OL : UBS raises to neutral from sell; raises target to Nok 400 from Nok 300 
    * Zumtobel GrouP  ZUMV.VI : UBS raises price target to 28 euros from 21 euros; rating buy 
     
 
 (Compiled by Fareha Khan in Bengaluru) 
 ((fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780 outside U.S. +91 80 6749 1130; 
Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/