EUROPE RESEARCH ROUNDUP: Roche, BG, Unilever

Akenerji Elektrik Uretim AS

15/05/2013 15:45

May 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Roche, BG, Unilever and Puma, on Wednesday.  HIGHLIGHTS * Euro Pharma: Berenberg ups target on Astrazeneca  AZN.L , others  ID:nWNBB020DI  * BG Group  BG.L : Canaccord cuts to hold; SocGen, RBC, Investec raise price target  * EADS  EAD.PA : S&P Capital IQ raises to strong buy; Natixis, Investec up price target  * Unilever  UNc.AS : Nomura raises to buy from reduce; ups target price to 36.80 euros  * Puma SE  PUMG.DE : Exane, UBS, Berenberg cut price target on stock  Following is a summary of research actions on European companies reported by Reuters on Wednesday. Stock entries are in alphabetical order.    * ACS  ACS.MC : S&P raises to hold from sell; target price to 23 euros from 16euros * Actelion  ATLN.VX : UBS cuts to neutral from buy * Adana Cimento  ADANA.IS : HSBC raises price target to Tl 5.4 from Tl 4.7; rating neutral * Adidas  ADSGn.DE : HSBC raises price target to 95 euros from 93 euros; rating overweight * Agrana Beteiligungs  AGRV.VI : Berenberg cuts to hold from buy * Agrana Beteiligungs  AGRV.VI : Berenberg raises price target to 120 euros from 110euros * Akcansa Cimento  AKCNS.IS : HSBC raises target price to Tl 12.75 from Tl 11.55 * Akenerji  AKENR.IS : HSBC raises price target to Tl 2.5 from Tl 2.05; rating overweight * Aksa Enerji  AKSEN.IS : HSBC raises target price to Tl 7 from Tl 5.3; rating overweight * Anadolu  ANACM.IS : HSBC raises price target to Tl 4.3 from Tl 3.6; rating overweight * Arcelik  ARCLK.IS : HSBC raises to overweight from neutral  * Arcelik  ARCLK.IS : HSBC raises price target to Tl 16.8 from Tl 12.3 * Astrazeneca Plc  AZN.L : Berenberg raises price target to 3425p from 3050p; rating hold  * Atlantia  ATL.MI : Exane ups target price to 16 euros from 14.7 euros; rating outperform  * Aurubis AG  NAFG.DE : HSBC cuts target price to 53.3 euros from 55.3 euros; rating neutral * Autogrill  AGL.MI : Exane ups target price to 9.1 euros from 8.2 euros; rating neutral * Aygaz AS  AYGAZ.IS : HSBC raises target price to Tl 12.6 from Tl 10; rating overweight * Bagfas Bandirma Gubre Fabrikalari  BAGFS.IS : HSBC cuts price to Tl 60 from Tl 64.5 * Banco Popolare  BAPO.MI : SocGen cuts to sell from hold * Banco Popolare  BAPO.MI : Natixis ups target to 1.15 euros from 1.13 euros; rating neutral * Bauer AG  B5AG.DE : ESN/Equinet cuts to hold from accumulate * Bayer AG  BAYGN.DE : Berenberg raises price target to 94 euros from 85 euros; rating buy  * BG Group  BG.L : SocGen raises price target by 13 percent to 1350p from 1200p; rating hold * BG Group  BG.L : RBC raises price target to 1400p from 1360p; rating outperform * BG Group  BG.L : Investec raises price target to 1100p from 1000p; rating sell * BG Group  BG.L : Canaccord Genuity cuts to hold from buy * Bilfinger SE  GBFG.DE : Credit Suisse cuts target to 72 from 73.3 euros ; rating neutral * BIM Birlesik Magazalar AS  BIMAS.IS : HSBC raises target price to Tl 114 from Tl 98 * BIM Birlesik Magazalar AS  BIMAS.IS : HSBC raises to overweight from neutral * Bizim  DJIMTf.IS : HSBC raises price target to Tl 38.5 from Tl 35; rating overweight * Bouygues  BOUY.PA : Natixis cuts price target to 26.2 euros from 27.1 euros; rating buy * Bouygues  BOUY.PA : Exane cuts target price to 23 euros from 24 euros; rating neutral * British Land  BLND.L : Jefferies raises target price to 554p from 548p; rating hold * British Land  BLND.L : Exane ups target price to 600p from 590p; rating neutral * BSkyB  BSY.L  : WestHouse Securities starts with add rating * Cape Plc  CIU.L : Numis cuts to hold from add * Chariot Oil & Gas  CHARC.L : Cantor cuts price target to 19p from 21p; rating hold * Chime Communications  CHW.L : Canaccord ups target price to 295p from 271p; rating buy * Cimsa  CIMSA.IS : HSBC raises price target to Tl 14.4 from Tl 13.2; rating overweight * Cineworld  CINE.L : N+1 Singer cuts to hold from buy; ups price target to 340p from 327p * CLS Holdings PLC  CLSH.L : Liberum raises target price to 1117p from 831p; rating buy * Coca Cola Icecek AS  CCOLA.IS : HSBC raises target to Tl 61.5 from Tl 55.8; rating neutral * Commerzbank AG  CBKGk.DE : Nomura raises to neutral from reduce * Commerzbank AG  CBKGk.DE : Nomura cuts target price to 6.80 euros from 10.10 euros * Compass  CPG.L : Cantor raises price target to 860p from 800p; rating hold * Compass  CPG.L : Investec cuts to hold from buy * CRH PLC  CRH.L  : Bernstein cuts price target to 1365p from 1450p; rating market perform * CRH PLC  CRH.I : Bernstein cuts price target to 16 euros from 16.60 euros * DCC Plc  DCC.L : Jefferies raises price target to 3100p from 2775p; rating buy * Deutsche Post  DPWGn.DE : ESN/Equinet ups target to 20 euros from 18 euros; rating hold * Deutsche Post  DPWGn.DE : Credit Suisse ups target to 21.75 from 20.40 euros * Deutsche Post  DPWGn.DE : S&P Capital IQ ups target to 20 euros from 19 euros; rating hold * Dogan Holding  DOHOL.IS : HSBC raises target price to Tl 1.48 from Tl 1.3 * Dufry AG  DUFN.S : Credit Suisse ups target to Sfr 145 from Sfr 135; rating outperform * EADS  EAD.PA : S&P Capital IQ raises to strong buy from buy  * EADS  EAD.PA : S&P Capital IQ raises target price to 50 euros from 45 euros * EADS  EAD.PA : Natixis raises price target to 47 euros from 41 euros; rating buy * EADS  EAD.PA : Investec raises price target to 48 euros from 46 euros; rating buy * Enagas  ENAG.MC : UBS cuts to neutral from buy; target to 19.5 euros from 21 euros * ENKA Insaat  ENKAI.IS : HSBC raises to overweight from neutral;  * ENKA Insaat  ENKAI.IS : HSBC raises price target to Tl 7 from Tl6.6 * Erdemir  EREGL.IS  : HSBC raises price target to Tl 2.6 from Tl 2.47; rating overweight * esure Group PLC  ESUR.L : Investec starts with sell rating; price target 201p * Fluxys Belgium  FLUX.BR : KBC cuts target price to 31 euros from 32 euros; rating hold * Ford Otomotiv Sanayi AS  FROTO.IS : HSBC raises target to Tl 30 from Tl 27.4 * Fonciere des Regions SA  FDR.PA : Natixis raises to buy from neutral  * Fonciere des Regions SA  FDR.PA : Natixis raises price target to 73 euros from 68 euros * French Connection  FCCN.L : Cantor raises price target to 29p from 25p; rating hold * Fresnillo PLC  FRES.L : Liberum starts with hold rating * Gagfah SA  GFJG.DE : Deutsche raises target price to 10.50 euros from 8 euros; rating hold * Gameloft SE  GLFT.PA : Natixis raises to buy from neutral * Gameloft SE  GLFT.PA : Natixis raises price target to 6.4 euros from 4.8 euros * Glaxosmithkline Plc  GSK.L : Berenberg raises price target to 1870p from 1530p; rating buy * Gubretas  GUBRF.IS : HSBC cuts target price to Tl 18.3 from Tl 19; rating neutral * HHLA  HHFGn.DE : ESN/Equinet ups target to 21 euros from 20 euros;rating accumulate * Hill & Smith  HILS.L : Investec cuts price target to 485p from 525p; rating buy * Hizmetleri  KILER.IS : HSBC raises price target to Tl 2.7 from Tl 2.6;rating underweight * Hochschild Mining PLC  HOCM.L : Liberum starts with hold rating * Hurriyet Gazetecilik  HURGZ.IS : HSBC raises target price to Tl 1.25 from Tl 1.2 * Icade SA  ICAD.PA : Natixis raises price target to 79 euros from 77 euros; rating buy * ICAP  IAP.L : Credit Suisse raises target price to 350p from 320p; rating neutral * ICAP  IAP.L : UBS raises price target to 305p from 290p; rating sell * IMI PLC  IMI.L : HSBC starts with overweight; price target 1530p * Intesa Sanpaolo  ISP.MI : Natixis ups target to 1.61 euros from 1.41 euros; rating buy * Intesa Sanpaolo  ISP.MI : S&P ups target price to 1.50 euros from 1.30 euros; rating hold * Julius Baer  BAER.VX : S&P Capital IQ raises target price to Sfr 44 from Sfr 43 * Kardemir Karabuk Demir  KRDMD.IS : HSBC cuts to neutral from overweight * Keller Group  KLR.L : Jefferies raises price target to 1050p from 820p; rating buy * Keller Group  KLR.L : Investec raises price target to 1000p from 850p; rating buy * Keller Group  KLR.L : Numis raises target price to 1,000p from 825p; rating add * Keller Group  KLR.L : Liberum raises price target to 955p From 788p; rating hold * Koza Gold  KOZAL.IS : HSBC cuts target price to Tl 50 from Tl 54; rating overweight * Lagardere  LAGA.PA : Nomura ups target to 28 euros from 27.50 euros; rating neutral * Land Securities  LAND.L : Investec raises target price to 935p from 885p; rating hold * Land Securities  LAND.L : Jefferies raises target price to 924p from 821p; rating hold * Leoni  LEOGn.DE : HSBC raises target price to 43 euros from 37 euros; rating overweight * Leoni  LEOGn.DE : Commerzbank raises target price to 35 euros from 32 euros; rating hold * Lonrho  LONR.L : Panmure raises to hold from sell; ups target price to 10.25p From 4.8p * Lonmin  LMI.L : Citigroup raises target price to 386p from 374p; rating buy * Lookers PLC  LOOK.L : Panmure raises target price to 112p From 106p; rating buy * Mapfre SA  MAP.MC : JP Morgan ups target to 2.15 euros from 1.85 euros; rating underweight * Mapfre SA  MAP.MC : Credit Suisse ups target to 3 euros from 2.78 euros; rating neutral * Marks & Spencer  MKS.L : Nomura raises target price to 500p from 420p; rating buy * Mediaset  MS.MI : Natixis raises price target to 1.8 euros from 1.2 euros; rating reduce * Mediaset  MS.MI : Exane raises target price to 2.2 euros from 1.9 euros; rating neutral * Mediaset  MS.MI : UBS raises to buy from neutral; ups target to 2.4 euros from 1.5euros * Mercialys  MERY.PA : SocGen cuts to hold from buy * Mercialys  MERY.PA : Berenberg cuts target to 18.50 euros from 19.50 euros; rating buy * Merck KGaA  MRCG.DE : Exane ups target price to 121 euros from 113 euros; rating neutral * Migros  MGROS.IS : HSBC raises price target to Tl 29.4 from Tl 27; rating overweight * National Grid PLC  NG.L : Morgan Stanley raises target price to 880p from 775p * Novartis AG  NOVN.VX : Berenberg raises price target to Sfr 80 from Sfr 72; rating buy  * Novo Nordisk A/S  NOVOB.CO  : Berenberg raises price target to Dkk 1060 from Dkk 920 * OMV  OMVV.VI : Natixis raises to buy from neutral; ups target to 46 euros from 33.9 euros * Petkim  PETKM.IS : HSBC raises target price to Tl 3.1 from Tl 2.75; rating underweight * Polymetal International PLC  POLYP.L : Liberum raises to buy from hold * Puma SE  PUMG.DE : Exane cuts target price to 260 euros from 275 euros; rating outperform * Puma SE  PUMG.DE : UBS cuts price target to 240 euros from 250 euros; rating neutral * Puma SE  PUMG.DE : Berenberg cuts price target to 210 euros from 235; rating hold * PureCircle Ltd  PURE.L : Liberum raises to buy * Restaurant Group  RTN.L : N+1 Singer raises to buy from hold  * Restaurant Group  RTN.L : N+1 Singer raises price target to 515p from 430p * RHJ Int'l  RHJI.BR : KBC cuts target price to 4.80 euros from 5.60 euros; rating buy * Roche  ROG.VX : Berenberg raises price target to Sfr 270 from Sfr 210; rating buy  * Rotork PLC  ROR.L : HSBC starts with underweight; price target 2600p * Sabanci Holding  SAHOL.IS  : HSBC raises target price to Tl 15.5 from Tl 12 * Sagentia  SAGS.L : WestHouse Securities raises to add from neutral * Sanofi SA  SASY.PA : Berenberg raises price target to 93 euros from 76 euros; rating hold * Seadrill  SDRL.OL : UBS raises price target to Nok 220 from Nok 215; rating neutral * Serco  SRP.L : Liberum raises price target to 700p From 680p; rating buy * Serco  SRP.L : Cantor raises price target to 715p from 660p; rating buy * Severn Trent  SVT.L : SocGen raises to hold from sell * Sisecam  SISE.IS : HSBC raises price target to Tl 3.9 from Tl 3.55; rating overweight * Solvay SA  SOLB.BR : Nomura raises target price to 123 euros from 115 euros; rating reduce * Solvay SA  SOLB.BR : S&P cuts target price to 84 euros from 87 euros; rating sell * SSE  SSE.L : HSBC raises price target to 1505p from 1490p; rating underweight * Tat Konserve Sanayii AS  TATKS.IS : HSBC raises target price to Tl 3.1 from Tl 2.7 * TAV  TAVHL.IS : HSBC raises to overweight from neutral; target price to Tl 13.3 from Tl 12 * Technotrans AG  TTRGn.DE : HSBC raises target price to 11.5 euros from 9.5 euros * Tecnicas Reunidas  TRE.MC : Natixis ups target to 38 euros from 37 euros; rating neutral * Tekfen Holding AS  TKFEN.IS : HSBC raises target price to Tl 9.35 from Tl 8.9 * Teknosa  TKNSA.IS : HSBC raises to overweight from neutral  * Teknosa  TKNSA.IS : HSBC raises price target to Tl 14 from Tl12.75 * ThyssenKrupp  TKAG.DE : ESN/Equinet cuts target to 18 euros from 22 euros; rating buy * Tofas  TOASO.IS : HSBC raises price target to Tl 15.5 from Tl 12.7; rating overweight * Torunlar REIT  TRGYO.IS : HSBC raises price target to Tl 6 from Tl 4.35; rating overweight * Trakya  TRKCM.IS : HSBC raises to overweight from neutral * Trakya  TRKCM.IS : HSBC raises price target to Tl 4.05 from Tl 3.3 * TUI Travel Plc  TT.L : Credit Suisse raises target price to 377p from 322p; rating neutral * Tupras  TUPRS.IS : HSBC cuts to neutral from overweight; raises target to Tl 57 from Tl 53 * Turcas  TRCAS.IS : HSBC raises target price to Tl 4.4 from Tl 4; rating overweight * Turkish Airlines  THYAO.IS : HSBC raises price target to Tl 10.3 from Tl8.8 * UBI Banca  UBI.MI : Natixis ups target to 3.16 euros from 2.96euros; rating neutral * Ulker Biskuvi  ULKER.IS : HSBC raises target to Tl 14.2 from Tl 13; rating underweight * Unilever NV  UNc.AS : Nomura raises to buy from reduce  * Unilever NV  UNc.AS : Nomura raises target price to 36.80 euros from 29.90 euros * Vitec  VTC.L : N+1 Singer raises to hold from sell * Vivendi  VIV.PA : Exane cuts target price to 17.5 euros from 18.5 euros; rating neutral * Weir  WEIR.L : HSBC starts with neutral; price target 2500p * Wendel  MWDP.PA : SocGen raises price target to 104 euros from 101 euros; rating buy * Wendel  MWDP.PA : Natixis raises price target to 100 euros from 92 euros; rating buy * Wolseley Plc  WOS.L : RBC cuts to sector perform from outperform * WPP  WPP.L : Macquarie raises price target to 1300p from 1200p; rating outperform * Ziggo NV  ZIGGO.AS : Nomura raises target price to 31 euros from 27.75 euros; rating buy (Compiled by Rachel Chitra and Maneesha Tiwari in Bangalore) ((rachel.chitra@thomsonreuters.com)(Bangalore Equities Newsdesk +91 80 4135 5800)(within)(U.S. +1 646 223 8780)(Reuters Messaging: rachel.chitra.reuters.com@reuters.net)) Keywords: RESEARCH EUROPE/