EUROPE RESEARCH ROUNDUP: Invensys, Norsk Hydro, GDF Suez

Akenerji Elektrik Uretim AS

07/12/2012 11:36

Dec 7 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Imperial Tobacco, Daimler, GDF Suez and Norsk Hydro, on Friday.  
     
    HIGHLIGHTS 
    * Austrian Post   : Nomura starts with neutral rating; price target of 30 euros     
    * GDF Suez   : HSBC cuts to underweight from neutral; target to 14 euros from 18 euros 
    * Invensys PLC   : Citigroup cuts to neutral from buy 
    * Norsk Hydro   : Nomura cuts to reduce from neutral 
    * O'Key Group   : Goldman Sachs removes from Russia focus lists; keeps buy rating 
 
Following is a summary of research actions on European companies reported by Reuters on Friday. 
Stock entries are in alphabetical order.  
     
    * Austrian Post   : Nomura starts with neutral rating; price target of 30 euros 
    * Akenerji Elektrik Uretim AS   : HSBC raises to overweight from neutral 
    * Beiersdorf   : Barclays raises target price to 46 euros from 43 euros 
    * Bellway   : Panmure raises target price to 1013p from 957p; rating hold 
    * Belimo Automation   : Vontobel ups target to Sfr 1,800 from Sfr 1,700; rating hold 
    * Berkeley Group   : Panmure raises target price to 1650p from 1390p; rating hold 
    * bioMerieux   : UBS cuts to neutral from buy; cuts price target to 76 euros from 81  
    * Cape PLC   : UBS cuts to neutral from buy; cuts price target to 210P from 265P 
    * Carl Zeiss Meditec AG   : Kepler cuts to hold from buy 
    * Cineworld Group   : Barclays raises target price to 258p from 207p 
    * Cts eventim   : JP Morgan starts with overweight rating; price target of 34 euros  
    * Daimler AG   : Kepler raises target price to 34 euros from 32 euros; rating reduce 
    * Dairy Crest   : Panmure raises target price to 410p from 385p rating buy 
    * Deutsche Wohnen AG   : HSBC cuts to underweight from neutral 
    * EADS   : DZ Bank raises fair value to 35 euros from 33 euros; rating buy 
    * EADS   : Kepler raises target price to 38 euros from 32 euros; rating buy 
    * easyJet   : Morgan Stanley raises target price to 850p from 670p; rating overweight 
    * Electrocomponents   : Espirito Santo Investment Bank raises to neutral from sell  
    * Electrocomponents   : Espirito Santo Investment Bank ups fair value to 200p from 174p 
    * Elekta AB   : UBS raises price target to Sek 101 from Sek 89; rating neutral 
    * Essilor International   : Barclays raises target price to 89 euros from 84 euros 
    * Eurocash   : Goldman Sachs starts coverage with buy rating; target price of PLN 57.1 
    * Gagfah   : HSBC ups to overweight from neutral; target to 10.9 euros from 7.8 euros 
    * Gameloft   : JP Morgan starts with overweight rating; price target of 6.90 euros  
    * GDF Suez   : HSBC cuts to underweight from neutral; target to 14 euros from 18 euros 
    * GDF Suez   : KBC Securities cuts target price to 17 euros from 20 euros; rating hold 
    * GDF Suez   : UBS cuts price target to 16 euros from 20 euros; rating buy 
    * Glaxosmithkline   : Morgan Stanley cuts target to 1370p from1500p; rating equalweight 
    * GSW Immobilien    SBC cuts to underweight from overweight 
    * Home Retail Group   : HSBC raises target price to 150p from 135p; rating overweight 
    * Huegli   : Vontobel raises target price to Sfr 500 from Sfr 480; rating hold 
    * Iliad   : HSBC raises target price to 160 euros from 130 euros; rating overweight 
    * Imperial Tobacco   : SocGen raises price target to 2800p from 2650p; rating buy 
    * Informa   : Liberum starts with hold rating; fair value of 450p 
    * Inter RAO YEES OAO   : HSBC cuts to neutral from overweight 
    * Invensys PLC   : Citigroup cuts to neutral from buy 
    * ITE Group    Goldman Sachs raises target price to 325p from 315p; rating buy 
    * JCDecaux   : Kepler raises to buy from hold; price target to 22 euros from 18 euros 
    * Johnston Press   : Panmure raises target price to 18p from 12p; rating buy 
    * Julius Baer   : Credit Suisse reinstates with outperform rating 
    * Kingfisher   : Goldman Sachs raises target price to 360p from 350p; rating buy 
    * Lagardere Sca   : HSBC ups target price to 30 euros from 27 euros;rating overweight 
    * Linde   : JP Morgan reinstates with overweight  
    * Marks and Spencer   : Goldman Sachs cuts to sell from neutral  
    * Micro Focus   : Barclays raises target price to 650p from 600p; rating overweight 
    * Moneysupermarket   : JP Morgan ups target to 194p from 172p; rating overweight  
    * Next   : Goldman Sachs raises to neutral from sell 
    * Noble Investments(UK)  : WH Ireland ups target price to 230p from 215p; rating buy 
    * Norsk Hydro   : Nomura cuts to reduce from neutral 
    * Norsk Hydro   : Nomura cuts price target to Nok 22 from Nok 27 
    * Novartis   : Morgan Stanley cuts to equal-weight from overweight  
    * Novo Nordisk   : Morgan Stanley ups target to DKK 1040 from DKK 855     
    * O'Key Group   : Goldman Sachs removes from Russia focus lists; keeps buy rating 
    * OGK-2   : HSBC cuts target to 0.35 roubles from 0.60 roubles;rating underweight 
    * Patrizia Immobilien AG   : HSBC cuts to neutral from overweight 
    * Perform   : JP Morgan starts with neutral rating; price target of 416p  
    * Pierre et Vacances   : SocGen raises target price to 18 euros from 16; rating buy 
    * Premier Farnell   : Numis cuts to add from buy 
    * Premier Farnell   : Seymour Pierce cuts to sell from reduce 
    * Premier Farnell   : Citigroup cuts target price to 165p from 170p; rating sell 
    * Publicis Groupe   : Cheuvreux cuts to outperform from selected list 
    * PZ Cussons   : Investec raises target price to 335p from 300p; rating hold 
    * Rentokil Initial   : Goldman Sachs removes from pan-Europe conviction buy list; 
    * Rentokil Initial   : Goldman Sachs keeps buy rating 
    * Rightmove   : JP Morgan ups to overweight from neutral; target to 1,802p from 1,650p  
    * Rio Tinto   : HSBC raises target price to 3,620p from 3,520p; rating overweight 
    * Roche   : Morgan Stanley raises to overweight from equal-weight  
    * Roche   : Morgan Stanley raises target price to Sfr 230 from Sfr 148  
    * Rolls-Royce Holdings   : RBC cuts target price to 1,020p from 1,035p; rating top pick 
    * Rostelekom OAO   : Renaissance Capital cuts to hold from buy 
    * RPS Group   : Panmure raises to buy from hold 
    * Saipem   : Goldman Sachs cuts target price to 42 euros from 47 euros; rating buy 
    * Sanofi   : Morgan Stanley raises target price to 80.50 euros from 78.50 euros  
    * Schibsted   : JP Morgan raises price target to Nok 249 from Nok 241;rating neutral 
    * Syngenta   :JP Morgan ups to neutral from underweight;target to Sfr 365 from 350 
    * Thomas Cook Group   : Morgan Stanley raises to overweight from equal-weight  
    * Thomas Cook Group   : Morgan Stanley raises price target to 50p from 16p 
    * Topdanmark A/S   : UBS raises price target to Dkk 1200 from Dkk 1190; rating neutral 
    * Tryg A/S   : UBS raises price target to Dkk 405 from Dkk 400; rating neutral 
    * Vontobel   : Citigroup raises to buy from neutral 
    * Wendel SA   : Kepler raises target price to 93 euros from 82 euros; rating buy 
    * William Demant   :UBS ups to buy from neutral; target to Dkk 540 from Dkk 570 
    * Xing   : JP Morgan raises price target to 46 euros from 41 euros; rating neutral  
    * Zooplus   : Deutsche Bank starts with buy rating; price target of 44 euros 
   
 ((Compiled by Aditi Sharma and Neha Alawadhi; Bangalore Equities Newsdesk +91 80 4135 5800; 
within U.S. +1 646 223 8780)) 
 
 
Keywords: RESEARCH EUROPE/