Europe Research Roundup: Statoil, Vestas Wind Systems, Debenhams, Lufthansa

Akcansa Cimento Sanayi ve Ticaret AS

16/06/2014 15:07

June 16 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including CEZ, Statoil and Vestas Wind Systems, on Monday.  
     
    HIGHLIGHTS 
    * Debenhams PLC  DEB.L : Barclays raises to equal weight from underweight 
    * Statoil  STL.OL : Jefferies starts with underperform; price target Nok 160 
    * Snam Spa  SRG.MI : UBS raises to buy from neutral     
    * Vestas Wind Systems  VWS.CO : Barclays revises rating to underweight from equal weight 
    * Deutsche Lufthansa  LHAG.DE : Liberum cuts to sell from hold 
       
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
     
    * ABB Ltd  ABBN.VX : Credit Suisse cuts target to Sfr 25 from Sfr 26; rating outperform  
    * Akcansa  AKCNS.IS : Wood & Co raises price target to Tl 15.18 from Tl 14.80; rating buy 
    * Allocate Software  ALLA.L : N+1 Singer raises to buy rating 
    * Anglo American  AAL.L : Exane BNP Paribas cuts target by 6 pct to 145p; rating neutral 
    * ArcelorMittal  ISPA.AS : Exane BNP Paribas cuts target by 5 pct to 10 euros; underperform 
    * Banca Monte Dei Paschi  BMPS.MI : Exane BNP Paribas raises to neutral from underperform  
    * Bavarian Nordic  BAVA.CO : Jefferies raises target to Dkk 150 from Dkk 130; rating buy 
    * BHP Billiton  BLT.L : Exane BNP Paribas cuts target by 8 pct to 1850p; rating neutral 
    * CEZ  CEZPsp.PR  : Wood And Co cuts to hold from buy 
    * Compass Group  CPG.L : Exane BNP Paribas reinitiates with outperform; 1200p target price  
    * Dassault Systemes  DAST.PA : Natixis raises target to 108 euros from 105 euros; rating buy 
    * Debenhams PLC  DEB.L : Barclays raises to equal weight from underweight  
    * Debenhams PLC  DEB.L : Barclays raises target price to 73p from 64p 
    * Deutsche Lufthansa  LHAG.DE : Liberum cuts to sell from hold 
    * Deutsche Lufthansa  LHAG.DE : Liberum cuts target price to 13 euros from 19.60 euros 
    * DNB  DNB.OL : Citigroup raises target price to Nok 140 from Nok 120; rating buy 
    * Edenred  EDEN.PA : Exane BNP Paribas rates underperform; price target 21.5 euros  
    * Enea  ENAE.WA  : Wood And Co cuts to sell from hold; target to Pln 15.2 From Pln 17.50 
    * Energias De Portugal  EDP.LS : UBS cuts to neutral from buy  
    * Energa  ENGP.WA  : Wood And Co starts with hold rating; price target Pln 21.9 
    * EVS  EVSB.BR : ESN/Bank Degroof cuts target to 40 euros from 46.50 euros; rating hold 
    * Fenner  FENR.L : Credit Suisse cuts target price to 405p from 490p; rating outperform 
    * Redcentric  RCN.L : FinnCap raises price target to 150p from 130p 
    * GDF Suez SA  GSZ.PA : UBS cuts target price to 22 euros from 22.5 euros; rating buy 
    * Glaxosmithkline  GSK.L  : SocGen raises target price to 2100p from 2075p; rating buy 
    * Glencore  GLEN.L : Investec raises to hold from reduce rating 
    * Glencore  GLEN.L : Investec raises target price to 319p from 302p 
    * Halma Plc  HLMA.L : Credit Suisse raises price target to 665p from 620p; rating outperform 
    * Hennes & Mauritz  HMb.ST : SocGen raises target price to Sek 348 from Sek 322; rating buy 
    * IG Group  IGG.L : Canaccord Genuity cuts target price to 659p; rating buy 
    * Intesa Sanpaolo  ISP.MI : RBC raises target to 2.80 euros from 2.60 euros; outperform  
    * Kering  PRTP.PA : Nomura adds to European recommended portfolio  
    * Klepierre  LOIM.PA : Natixis raises target to 35.5 euros from 34.5 euros; rating neutral 
    * KPN  KPN.AS : Barclays raises target to 3.05 euros from 2.95 euros; rating overweight  
    * Laird Plc  LRD.L : Credit Suisse raises target to 270p from 215p; rating underperform 
    * Lamprell Plc  LAM.L : Investec raises target price to 155p from 150p; rating hold 
    * Luxottica  LUX.MI : UBS raises price target to 41 euros from 38 euros; rating neutral     
    * LVMH  LVMH.PA : Nomura adds to European recommended portfolio 
    * Majestic Wine Plc  MJW.L : Investec cuts to add from buy 
    * Morgan Advanced  MGAMM.L : Credit Suisse raises target to 310p from 270p; underperform 
    * Oxford Instruments  OXIG.L : N+1 Singer raises target price by 1 pct to 1445p; rating hold 
    * Petra Diamonds Ltd  PDL.L : Numis raises target price to 220p from 200p; rating buy 
    * Petra Diamonds Ltd  PDL.L : BMO raises target price to 250p from 180p; rating outperform 
    * PGE  PGE.WA : Wood And Co raises to buy from hold; price target to Pln 24 from Pln 19.8  
    * Reckitt Benckiser  RB.L : Exane BNP Paribas ups target by 9 pct to 4900p; underperform 
    * Rio Tinto Plc  RIO.L : Exane BNP Paribas cuts target by 7 pct to 3800p; rating outperform 
    * Rio Tinto Plc  RIO.L : Investec cuts to hold from buy rating 
    * Rio Tinto Plc  RIO.L : Investec cuts target price to 3128p from 3624p 
    * Rolls-Royce  RR.L : SocGen cuts to sell from hold 
    * Rolls-Royce  RR.L : SocGen cuts target price to 950p from 1070p  
    * Rosenbauer International AG  RBAV.VI : Berenberg cuts to hold from buy 
    * Rosenbauer International AG  RBAV.VI : Berenberg cuts target to 66 euros from 69 euros 
    * Rotork Plc  ROR.L : Credit Suisse raises price target to 2600p from 2450p; rating neutral 
    * RSA Insurance  RSA.L  : Barclays raises to overweight from equal weight 
    * RSA Insurance  RSA.L  : Barclays adjusts target price to 538p from 102p 
    * Senior  SNR.L : Credit Suisse raises target price to 335p from 315p; rating outperform 
    * Snam Spa  SRG.MI : UBS raises to buy from neutral     
    * Snam Spa  SRG.MI : UBS raises price target to 4.75 euros from 4.10 euros 
    * Sodexo  EXHO.PA : Exane BNP Paribas rates outperform; price target 95 euros 
    * Statoil  STL.OL : Jefferies starts with underperform; price target Nok 160 
    * Swedbank  SWEDa.ST : UBS raises target price to Sek 217 from Sek 214; rating buy 
    * Tauron  TPE.WA  : Wood And Co raises to hold from sell; price target to Pln 6 from Pln 4.4 
    * Technip  TECF.PA : UBS raises price target to 89 euros from 85 euros; rating buy  
    * Terna  TRN.MI : UBS raises target price to 4 euros from 3.80 euros; rating neutral 
    * Tomra  TOM.OL : Handelsbanken reinitiates with reduce rating; target price Nok 50 
    * Union Jack Oil  UJO.L : SP Angel starts with a buy rating 
    * Vestas Wind Systems  VWS.CO : Barclays revises rating to underweight from equal weight 
    * Vestas Wind Systems  VWS.CO : Barclays revises price target to Dkk 220 from Dkk 97 
    * Vozrozhdenie  VZRZ.MM : UBS cuts to neutral from buy 
    * Vozrozhdenie  VZRZ.MM : UBS cuts price target to 436 roubles from 850 roubles  
    * Weir Group  WEIR.L : Credit Suisse raises target to 2540p from 2390p; rating neutral 
    * World Duty Free  WDF.MI : Deutsche Bank starts with buy, price target 12 euros 
 
 (Compiled by Saqib Iqbal Ahmed and Archana Lakshmi Narasiah in Bangalore) 
 ((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
1130)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/