Europe Research Roundup: Burberry, Henkel, Pennon Group

Akcansa Cimento Sanayi ve Ticaret AS

26/02/2016 09:20

Feb 26 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Akcansa, Burberry and Gubre Fabrikalari, on Friday.  
     
    HIGHLIGHTS 
    * Henkel  HNKG_p.DE : HSBC cuts to hold from buy 
    * Burberry Group Plc  BRBY.L : Nomura raises to buy from neutral       
    * D'Ieteren SA  IETB.BR : ING raises to buy from hold   
    * Pennon Group Plc  PNN.L : Barclays starts with underweight 
       
Following is a summary of research actions on European companies reported by Reuters on Friday. 
Stock entries are in alphabetical order. 
     
    * A.G. Barr Plc  BAG.L : Berenberg starts with hold; 550p target price 
    * Accor SA  ACCP.PA : Jefferies cuts target price to 46 euros from 55 euros; rating buy   
    * Akcansa  AKCNS.IS : Oyak Securities raises to outperform   
    * Anheuser Busch Inbev  ABI.BR : Nomura cuts target price to 130 euros from 133 euros; buy   
    * British American Tobacco  BATS.L : Morgan Stanley raises target to 4,100p; equal-weight   
    * Britvic Plc  BVIC.L : Berenberg starts with buy; 850p target price 
    * Burberry Group Plc  BRBY.L : Nomura raises to buy from neutral       
    * Burberry Group Plc  BRBY.L : Nomura raises price target to 1500p from 1450p   
    * Capita Plc  CPI.L : Goldman Sachs cuts price target to 980p from 1028p; rating sell   
    * D'Ieteren SA  IETB.BR : ING raises to buy from hold   
    * Duerr  DUEG.DE : HSBC raises to buy from hold; cuts target price to 70 euros from 71 euros 
  
    * Duerr  DUEG.DE : SocGen cuts target price to 93 euros from 102 euros; rating buy   
    * Fevertree Drinks Plc  FEVR.L : Berenberg starts with hold; 570p target price 
    * Fresenius  FREG.DE : HSBC cuts target price to 63 euros from 67 euros; rating hold   
    * Fresenius SE & Co KGaA  FREG.DE : SocGen cuts target price to 72 euros from 76 euros; buy  
    * Fresenius Medical Care  FMEG.DE : SocGen cuts target price to 82 euros from 87 euros; hold 
  
    * Gamesa Corp Tecnologica  GAM.MC : SocGen raises target price to 22 euros from 19 euros;buy 
  
    * Gubre Fabrikalari  GUBRF.IS : HSBC raises to buy from hold 
    * Gubre Fabrikalari  GUBRF.IS : HSBC cuts target price to Tl 7.00 from Tl 7.20   
    * Henkel  HNKG_p.DE : HSBC cuts to hold from buy; target price to 101 euros from 119 euros   
    * Inditex  ITX.MC : Nomura cuts target price to 34 euros from 36 euros; rating buy   
    * Kerry Group Plc  KYGa.I : Berenberg raises target price to 86.50 euros from 80 euros; buy  
    * Lloyds Banking Group Plc  LLOY.L : Nomura raises target price to 93p from 90p; rating buy  
    * Man Group Plc  EMG.L : Jefferies cuts target price to 180p from 187p; rating buy   
    * Merlin Entertainments Plc  MERL.L : UBS raises target price to 530p from 510p; rating buy  
    * Nichols Plc  NICL.L : Berenberg starts with buy; 1,450p target price 
    * Pennon Group Plc  PNN.L : Barclays starts with underweight; 730p target price   
    * Reckitt Benckiser  RB.L : HSBC raises target price to 7500p from 7000p; rating buy   
    * Relx Plc  REL.L : Nomura raises target price to 1360p from 1300p; rating buy   
    * Repsol SA  REP.MC : Goldman Sachs cuts target price to 10.8 euros from 11.3 euros; neutral 
  
    * Safran SA  SAF.PA : SocGen cuts target price to 70 euros from 75 euros; rating buy   
    * Scor SE  SCOR.PA : HSBC raises to hold from reduce   
    * Severn Trent Plc  SVT.L : Barclays starts with equal weight; 2200p target price 
    * Standard Chartered Plc  STAN.L : Goldman Sachs cuts price target 720p from 790p; buy 
    * Straumann Holding  STMN.S : Credit Suisse raises target to Sfr 370 from Sfr 360;outperform 
  
    * Swedish Match  SWMA.ST : Goldman Sachs cuts target price to Sek 269 from Sek 280; neutral  
    * Telefonica Deutschland  O2Dn.DE : Nomura cuts target to 6.10 euros from 6.20 euros; buy   
    * UBM Plc  UBM.L : Nomura raises price target to 638p from 560p; rating neutral   
    * United Utilities Group Plc  UU.L : Barclays starts with equal weight; 970p target price  
 
         
 
 (Compiled by Geetha Panchaksharam in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/