Europe Research Roundup: Fresenius, Sulzer, Heineken

Agrana Beteiligungs AG

04/08/2015 09:56

Aug 4 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Intertek and Novatek, on Tuesday.  
     
    HIGHLIGHTS 
    * Fresenius  FREG.DE : HSBC cuts to hold from buy 
    * Intertek  ITRK.L : Barclays, RBC, SocGen lift target price on the stock  
    * Sulzer AG  SUN.S : HSBC raises to hold from reduce 
    * Heineken  HEIN.AS : Nomura, SocGen raise price target on the stock 
    * Novatek  NVTKq.L : HSBC raises to hold from reduce 
         
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.   
     
    * Abertis  ABE.MC : SocGen cuts price target by 9 pct to 15.7 euros; rating hold 
    * Accor  ACCP.PA : Raymond James cuts price target to 52 euros from 55 euros; outperform 
    * Aegean Airlines SA  AGNr.AT : Citigroup reinstates with buy; 7.10 euros price target   
    * Agrana  AGRV.VI : Berenberg raises price target to 84 euros from 76 euros; rating hold  
    * Airbus  AIR.PA : Barclays raises target price to 75 euros from 72 euros; rating overweight 
    * AMS  AMS.S : UBS cuts target price to Sfr 55 from Sfr 56; rating buy 
    * Associated British Foods  ABF.L : Berenberg raises target to 3,450p from 3,200p; buy 
    * BBVA  BBVA.MC : JP Morgan raises price target to 9.75 euros from 8.35 euros; underweight 
    * Bourbon  GPBN.PA : Raymond James cuts target to 11.50 euros from 16 euros;  underperform 
    * CaixaBank  CABK.MC : Barclays cuts target to 4.20 euros from 4.50 euros; equal weight 
    * Commerzbank  CBKG.DE : JP Morgan ups target to 13 euros from 12.50 euros; rating neutral 
    * Delta Lloyd  DLL.AS : Citigroup cuts target to 20.50 euros from 21.50 euros; rating buy    
    * Energa SA  ENGP.WA : SocGen raises to buy from hold 
    * Ferrovial  FER.MC : SocGen raises price target by 13.7 pct to 25.2 euros; rating buy 
    * Fidessa  FDSA.L : Barclays cuts target price to 1860p from 2050p; rating underweight 
    * Fidessa  FDSA.L : UBS cuts price target to 2100p from 2275p; rating neutral 
    * First Quantum Minerals  FQM.L : Barclays cuts target to 830p from 1000p; rating overweight 
    * Foxtons  FOXT.L : Barclays raises target price to 179.9p from 179.2p; rating underweight 
    * Fresenius SE & Co  FREG.DE : HSBC cuts to hold from buy 
    * Fresenius SE & Co  FREG.DE : HSBC raises price target to 65 euros from 59 euros 
    * Generali  GASI.MI : Bernstein ups target to 13 euros from 12.50 euros; rating underperform 
    * Halfords  HFD.L : Berenberg raises price target to 430p from 390p; rating sell 
    * Halfords  HFD.L : BESI Research starts with buy; fair value of 620p 
    * Heineken  HEIN.AS : Nomura raises price target to 74 euros from 67 euros; rating neutral 
    * Heineken  HEIN.AS : SocGen raises price target to 86 euros from 80 euros; rating buy 
    * IMI Plc  IMI.L : SocGen cuts price target to 1350p from 1400p; rating buy 
    * Intertek  ITRK.L : Barclays raises target price to 2900p from 2800p; rating equal weight 
    * Intertek  ITRK.L : RBC raises target price to 2950p from 2700p; rating outperform 
    * Intertek  ITRK.L : SocGen raises price target to 2750p from 2400p; rating hold 
    * JLT Group JLT.L>: Canaccord Genuity cuts target price to 1140p from 1160p; rating buy     
    * KGHM  KGH.WA : SocGen cuts price target to Pln 99 from Pln 137; rating hold 
    * Maurel et Prom  MAUP.PA : SocGen cuts target to 6.5 euros from 9.5 euros; rating hold 
    * Nexans  NEXS.PA : Morgan Stanley raises target to 40.50 euros from 37 euros; equal-weight 
    * Nokia  NOK1V.HE : SocGen cuts price target to 7.90 euros from 8 euros; rating buy 
    * Novatek  NVTKq.L : HSBC raises price target to $100 from $89 
    * Novatek  NVTKq.L : HSBC raises to hold from reduce 
    * Proximus  PROX.BR : ING raises price target to 35 euros from 31 euros; rating hold 
    * Prysmian  PRY.MI : Morgan Stanley raises target to 23.50 euros from 22.50 euros;overweight 
    * Repsol  REP.MC : Nomura cuts price target to 15 euros from 15.50 euros; rating reduce 
    * Schroders (non-voting)  SDRt.L : Numis raises to buy from add  
    * Suedzucker  SZUG.DE : Berenberg raises target to 11 euros from 8.10 euros; rating sell 
    * Sulzer AG  SUN.S : HSBC raises price target to Sfr 99.2 from Sfr 90 
    * Sulzer AG  SUN.S : HSBC raises to hold from reduce 
    * TGS Nopec  TGS.OL : UBS cuts price target to Nok 155 from Nok 185; rating sell 
    * Trinity Mirror  TNI.L : Barclays cuts target price to 135p from 160p; rating equal weight 
    * UCB  UCB.BR : Citigroup cuts price target to 81 euros from 85 euros; rating buy     
    * Vallourec SA  VLLP.PA : Citigroup cuts price target to 12 euros from 14 euros; rating sell 
    * Wacker Chemie AG  WCHG.DE : UBS cuts price target to 140 euros from 142 euros; rating buy 
    * Zalando SE  ZALG.DE : Citigroup raises price target to 45 euros; rating buy 
 
 
 (Compiled by Tenzin Pema in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/