Europe Research Roundup: SEB, Sodexo, Royal Dutch Shell

Akenerji Elektrik Uretim AS

20/11/2014 23:20

Nov 20 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Eni, Intertek and Swedbank, on Thursday.  
     
    HIGHLIGHTS 
    * Nordic Banks: Goldman Sachs raises SEB  SEBa.ST  to neutral  ID:nWNAB05BW9  
    * Sodexo  EXHO.PA : JP Morgan cuts to neutral from overweight  ID:nWNAB05BWC  
    * Oil & Gas: HSBC raises Royal Dutch Shell  RDSa.L  to overweight  ID:nWNAB05BXP  
    * Intertek  ITRK.L : Morgan Stanley, Barclays, others cut target price on the stock 
    * Feedback  FDBK.L : Sanlam starts with speculative buy rating 
         
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.  
     
    * AGA Rangemaster  AGA.L : N+1 Singer cuts target price to 165p from 200p; rating buy 
    * Ahold  AHLN.AS : BofA Merrill raises price target to 15.50 euros from 15 euros; rating buy 
    * Akenerji  AKENR.IS : HSBC raises to neutral from underweight 
    * Akenerji  AKENR.IS : HSBC raises target price to Tl 1.5 from Tl 1.2 
    * Ashtead Group  AHT.L : UBS starts with neutral rating; 1070p target price 
    * ASML  ASML.AS : JP Morgan raises target price to 92 euros from 80 euros; rating overweight 
    * Altran  ALTT.PA : Exane BNP Paribas cuts target by 6 percent to 7.5 euros; rating neutral 
    * Auriga Industries  AURIb.CO : Nordea Equity Research cuts to hold from buy 
    * Auriga Industries  AURIb.CO : Nordea Equity Research cuts target to Dkk 323 from Dkk 340 
    * Autogrill  AGL.MI : JP Morgan cuts target to 6.70 euros from 7.50 euros; rating overweight 
    * Basf  BASFn.DE : Kepler Cheuvreux cuts to reduce from hold 
    * Bavarian Nordic A/S  BAVA.CO : Citi raises price target to dkr250 from dkr230; rating buy 
    * BG Group  BG.L : HSBC cuts price target to 1,290p from 1,425p; rating overweight 
    * BG Group  BG.L : RBC raises to outperform from sector perform  
    * BG Group  BG.L : RBC cuts price target to 1270p from 1325p 
    * Big Yellow Group  BYG.L : Sanlam Securities raises target to 550p from 542p; rating hold 
    * Bilfinger  GBFG.DE : Kepler Cheuvreux raises to hold from reduce  
    * Bilfinger  GBFG.DE : Kepler Cheuvreux cuts target price to 47.5 euros from 51 euros 
    * BNP Paribas  BNPP.PA : Barclays cuts target to 57 euros from 60 euros; rating overweight 
    * BP  BP.L : HSBC cuts price target to 475p from 525p; rating overweight 
    * British Land  BLND.L : Deutsche Bank raises price target to 600p from 580p; rating sell 
    * Capital & Counties  CAPCC.L : Credit Suisse starts with underperform; target 371p 
    * Cargotec  CGCBV.HE : ESN/Pohjola raises price target to 32 euros from 31 euros; rating buy 
    * Carrefour  CARR.PA : Bryan Garnier starts with buy; fair value 30 euros 
    * Centrica  CNA.L : S&P Capital IQ cuts to hold from buy;target price to 300p from 335p 
    * CGG  GEPH.PA : Natixis raises price target to 9.6 euros from 6.5 euros; rating neutral 
    * Close Brothers  CBRO.L : Peel Hunt raises target price to 1,700p from 1,555p; rating buy 
    * Close Brothers  CBRO.L : Panmure raises target price to 1450p from 1250p; rating hold 
    * Compass Group  CPG.L : JP Morgan raises target price to 1050p from 1015p; rating neutral 
    * Credit Agricole  CAGR.PA : Barclays cuts target to 10 euros from 10.50 euros; underweight 
    * Danske  DANSKE.CO : Goldman Sachs raises target to Dkk 176 from Dkk 157; rating neutral 
    * Dart Group  DTG.L : Canaccord Genuity raises target price to 285p from 280p; rating buy 
    * Derwent London  DLN.L : Credit Suisse starts with neutral rating; price target 3341p 
    * DNB  DNB.OL : Goldman Sachs raises price target to Nok 146 from Nok 120; rating neutral 
    * DNB  DNB.OL : Deutsche Bank raises price target to Nok 140 from Nok 137; rating buy 
    * DSM  DSMN.AS : Kepler Cheuvreux cuts to hold from buy; target to 54 euros from 56 euros 
    * E.ON SE  EONGn.DE : Credit Suisse raises price target to 13.80 euros from 12.80 euros 
    * Easyjet Plc  EZJ.L : Citigroup raises price target to 1860p from 1670p; rating buy 
    * EFG International  EFGN.S : Kepler Cheuvreux starts with buy rating; target of Sfr 12.50 
    * ENEA  ENAE.WA : Deutsche Bank raises target price to pln 17 from pln 16; rating hold 
    * Energa  ENGP.WA : Deutsche Bank raises to buy from hold 
    * Energa  ENGP.WA : Deutsche Bank raises target price to Pln 29 from Pln 23 
    * Eni  ENI.MI : HSBC raises to neutral from underweight 
    * Eni  ENI.MI : HSBC raises price target to 16.60 euros from 18.25 euros 
    * Euromoney  ERM.L : Canaccord Genuity cuts target price to 1100p from 1150p;rating hold 
    * EVS  EVSB.BR : Rabobank cuts target price to 30 euros from 35 euros; rating hold 
    * Exova Group  EXO.L : Barclays cuts target price to 220p from 230p; rating overweight 
    * Feedback  FDBK.L : Sanlam starts with speculative buy rating 
    * Feedback  FDBK.L : Sanlam starts with price target 2.1P 
    * Fuchs Petrolub  FPEG_p.DE : Kepler Cheuvreux cuts to reduce from hold  
    * Fuchs Petrolub  FPEG_p.DE : Kepler Cheuvreux cuts price target to 29 euros from 30 euros 
    * GAM Holding  GAMH.S : Kepler Cheuvreux starts with reduce rating; target price of Sfr 16 
    * GKN Plc  GKN.L : Berenberg cuts price target to 390p from 440p; rating buy 
    * GN Store Nord  GN.CO : Barclays cuts to equal weight from overweight 
    * Great Portland Estates  GPOR.L : Credit Suisse starts with outperform; price target 808p 
    * H&R  2HR.DE : Kepler Cheuvreux raises target to 6.50 euros from 5.50 euros; rating reduce 
    * Halfords Group  HFD.L : Berenberg starts with sell rating; price target 390p 
    * Handelsbanken  SHBa.ST : Goldman Sachs raises to buy from neutral 
    * Handelsbanken  SHBa.ST : Goldman Sachs raises price target to Sek 450 from Sek 330 
    * Hannover Re  HNRGn.DE : Credit Suisse raises price target to 71 euros; rating outperform 
    * Hellenic Exchanges  EXCr.AT : Wood & Co cuts target to 7.50 euros from 10.6 euros; buy 
    * Holcim  HOLN.VX : Deutsche Bank cuts price target to Sfr 76 from Sfr 77; rating buy 
    * Hugo Boss  BOSSn.DE : Kepler Cheuvreux raises target to 98 euros from 94 euros;rating hold 
    * ICAP  IAP.L : Morgan Stanley cuts price target to 382p from 408p; rating equal weight 
    * Imtech  IMUN.AS : Exane BNP Paribas cuts target to 4 euros from 5 euros; rating neutral 
    * ING  ING.AS : Barclays raises target price to 14 euros from 13 euros; rating overweight 
    * Intertek  ITRK.L : Barclays cuts target price to 2900p from 3200p; rating overweight 
    * Intertek  ITRK.L : JP Morgan cuts target price to 2921p from 3033p; rating overweight 
    * Intertek  ITRK.L : Morgan Stanley cuts price target to 2850p from 3100p; rating overweight 
    * Intertek  ITRK.L : Exane BNP Paribas cuts target by 6 pct to 3400p; rating outperform 
    * Intertek  ITRK.L : Numis cuts to hold from add rating; cuts target to 2500p from 3100p 
    * Johnson Matthey Plc  JMAT.L : S&P Capital cuts target price to 3,300p from 3,400p 
    * K&S AG  SDFGn.DE : Commerzbank raises to buy from hold;target to 30 euros from 26.50 euros 
    * KBC  KBC.BR : Barclays cuts target price to 47 euros from 49 euros; rating equal weight 
    * KBC Ancora  KBCA.BR : ING raises price target to 37.50 euros from 35.80 euros; rating buy 
    * Kenmare Resources  JEV.L : JP Morgan cuts target price to 7.20p from 24p; rating neutral 
    * Kingfisher : UBS cuts target price to 375p from 410p; rating buy 
    * Kuka  KU2G.DE : Citigroup raises price target to 65 euros from 55 euros; rating buy 
    * Kuka  KU2G.DE : Canaccord Genuity starts with hold 
    * Lansdowne Oil & Gas  LOGP.L : Cantor cuts target price to 83p from 86p; rating buy 
    * Lanxess AG  LXSG.DE : Kepler Cheuvreux cuts to reduce from hold  
    * Lanxess AG  LXSG.DE : Kepler Cheuvreux cuts target price to 33 euros from 40 euros 
    * Linde  LING.DE : Kepler Cheuvreux cuts to hold from buy;target to 160 euros from 176 euros 
    * Lundbeck  LUN.CO : Deutsche Bank cuts price target to Dkk 175 from Dkk 180; rating buy 
    * Matas A/S  MATAS.CO : Jyske Bank raises target price to Dkk 160 from Dkk 145; rating buy 
    * Melrose  MRON.L : JP Morgan cuts target price to 330p from 333p; rating overweight 
    * Merck KGaA  MRCG.DE : DZ Bank raises target to 90.00 euros from 77.00 euros; rating buy 
    * NewRiver Retail  NRRT.L : Liberum cuts price target to 330p from 333p; rating buy 
    * Nordea  NDA.ST : Goldman Sachs raises price target to Sek 104 from Sek 97; rating neutral 
    * PGE  PGE.WA : Deutsche Bank cuts to hold from buy 
    * Phoenix Mecano  PM.S : UBS cuts target price to Sfr 460 from Sfr 520; rating neutral 
    * Reckitt Benckiser  RB.L : Numis cuts to hold from add rating 
    * Repsol  REP.MC : HSBC cuts price target to 18.40 euros from 19.75 euros; rating neutral 
    * Royal Dutch Shell  RDSa.L   RDSb.L : HSBC raises to overweight from neutral 
    * Royal Dutch Shell  RDSb.L : HSBC cuts target price to 2,500p from 2,530p 
    * Royal Mail  RMG.L : JP Morgan cuts target price to 575p from 680p; rating overweight 
    * Royal Mail  RMG.L : Berenberg cuts target price to 675p from 700p; rating buy 
    * Schoeller Bleckmann  SBOE.VI : Natixis cuts target to 74 euros from 81 euros; neutral  
    * SEB  SEBa.ST : Goldman Sachs raises to neutral from sell 
    * SEB  SEBa.ST : Goldman Sachs raises price target to Sek 102 from Sek 83 
    * Shaftesbury Plc  SHB.L : Credit Suisse starts with neutral rating; price target 806p 
    * Societe Generale  SOGN.PA : Barclays cuts target to 40 euros from 43 euros; equal weight 
    * Sodexo  EXHO.PA : JP Morgan cuts to neutral from overweight 
    * Sodexo  EXHO.PA : JP Morgan cuts target price to 83 euros from 86 euros 
    * Soitec  SOIT.PA : Natixis cuts target price to 3 euros from 3.20 euros; rating buy 
    * Solvay  SOLB.BR :Kepler Cheuvreux cuts to hold from buy;target to 120 euros from 145 euros 
    * Statoil  STL.OL : HSBC raises to overweight from neutral 
    * Statoil  STL.OL : HSBC cuts price target to Nok 170 from Nok 190 
    * Steppe Cement  STCM.L : WestHouse raises price target to 57p; rating buy 
    * Swedbank  SWEDa.ST : Goldman Sachs raises target to Sek 218 from Sek 181; rating neutral 
    * Syngenta AG  SYNN.VX : Kepler Cheuvreux raises to buy from hold  
    * Syngenta AG  SYNN.VX : Kepler Cheuvreux raises target price to Sfr 360 from Sfr 310 
    * SYNGENTA AG  SYNN.VX : Kepler Cheuvreux raises to buy from hold  
    * SYNGENTA AG  SYNN.VX : Kepler Cheuvreux raises target price to Sfr 360 from Sfr 310 
    * Tauron  TPE.WA : Deutsche Bank cuts to hold from buy; target price to Pln 5.6 from Pln 6.2 
    * Technip  TECF.PA : Canaccord Genuity cuts target to 68 euros from 75 euros; rating buy 
    * Total  TOTF.PA : HSBC cuts price target to 55 euros from 57.50 euros; rating overweight 
    * Total Sa  TOTF.PA : S&P Capital cuts rating to hold from buy 
    * Total Sa  TOTF.PA : S&P Capital cuts target price to 47 euros from 49 euros 
    * UDG Healthcare  UDG.L : Investec raises target price to 340p from 330p; rating hold 
    * UDG Healthcare  UDG.L : Peel Hunt raises to buy from hold; target price to 406p from 380p 
    * Ultra Electronics  ULE.L : JP Morgan cuts target price to 1970p from 2000p; rating neutral 
    * Ultra Electronics  ULE.L : Deutsche Bank cuts target to 1700p from 1750p; rating hold 
    * UniCredit SpA CRDI.MI>: Kepler Cheuvreux cuts target to 6.1 euros from 6.5 euros; hold 
    * Uralkali  URKAq.L : Morgan Stanley cuts to equal weight from overweight 
    * Uralkali  URKAq.L : Morgan Stanley cuts price target to $17.10 from $23 
    * Vontobel  VONN.S : Kepler Cheuvreux starts with hold rating; target price of Sfr 38 
    * Wirecard  WDIG.DE : Barclays raises to overweight from equal weight 
    * Wirecard  WDIG.DE : Barclays raises target price to 40 euros from 30 euros 
    * Wirecard  WDIG.DE : Commerzbank raises target to 40 euros from 38 euros; rating buy 
    * Wolseley Plc  WOS.L : UBS raises to buy from neutral; target price of 3900p from 3500p 
    * Wuestenrot  WUWGn.DE : Berenberg raises target to 21 euros from 20 euros; rating hold 
    * Youngs  YNGa.L : Panmure raises target price to 1138p from 1066p; rating buy 
 
 (Compiled by Eileen Anupa Soreng, Jai Ganesh and Rishika Sadam in Bangalore) 
 ((eileen.soreng@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. + 91 80 6749 
6131; Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/