Europe Research Roundup: Galp Energia, Lancashire Holdings

Albaraka Turk Katilim Bankasi

01/09/2016 08:09

Sept. 1 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including IFG, Akbank and Galp Energia, on Thursday.  
     
     
    HIGHLIGHTS     
     * Galp Energia  GALP.LS : Barclays cuts to equal weight from overweight 
     * Akbank  AKBNK.IS : Deutsche Bank raises to buy from hold 
     * IFG  IFP.L : Davy cuts to neutral from outperform 
     * Lancashire Holdings  LRE.L : RBC raises to sector perform from underperform 
  
       
     
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.    
     
     
     
     * Akbank  AKBNK.IS : Deutsche Bank raises to buy from hold 
     * Akbank  AKBNK.IS : Deutsche Bank raises target price to Tl 9.60 from Tl 8.50 
     * Albaraka Turk  ALBRK.IS : Deutsche Bank cuts target price to Tl 1.42 from Tl 1.57 
     * Bouygues  BOUY.PA : Barclays raises target price to 33 euros from 32 euros; equal weight 
     * Deutsche Lufthansa  LHAG.DE : RBC cuts price target to 10.50 euros from 13.50 euros 
     * E.ON  EONGn.DE : Barclays cuts target price to 9.20 euros from 10.20 euros; overweight 
     * Galp Energia  GALP.LS : Barclays cuts to equal weight from overweight 
     * IFG  IFP.L : Davy cuts to neutral from outperform 
     * Inditex  ITX.MC : RBC raises price target to 37 euros from 35 euros; rating outperform 
     * Lancashire Holdings  LRE.L : RBC raises to sector perform from underperform 
     * Lancashire Holdings  LRE.L : RBC raises price target to 625p from 500p 
     * NordGold  NORDNq.L : Deutsche Bank cuts target price to $5.10 from $5.15; rating buy 
     * RWE  RWEG.DE : Barclays cuts target price to 12.20 euros from 12.40 euros; equalweight 
     * Salzgitter  SZGG.DE : Jefferies raises price target to 34 euros; rating buy 
     * StageCoach  SGC.L : RBC cuts price target to 240p from 280p; rating sector perform 
     * SurgutnefteGaz  SNGS.MM   SNGS_p.MM : Deutsche Bank cuts to hold from buy 
     * SurgutnefteGaz  SNGS.MM : Deutsche Bank cuts target price to roubles 29 from roubles 54 
     * SurgutnefteGaz  SNGS_p.MM : Deutsche Bank cuts target to roubles 32.50 from roubles 56.50 
     * Turkiye Garanti Bankasi  GARAN.IS : Deutsche Bank raises target to Tl 9.30 from Tl 8.80 
     * Turkiye Halk Bankasi  HALKB.IS : Deutsche Bank raises target to Tl 11.10 from Tl 10.90 
     * Turkiye Is Bankasi  ISCTR.IS : Deutsche Bank raises target to Tl 5.80 from Tl 5.70 
     * Turkiye Sinai Kalkinma  TSKB.IS : Deutsche Bank raises target to Tl 1.64 from Tl 1.59 
     * Yapi Ve Kredi Bankasi  YKBNK.IS : Deutsche Bank raises target to Tl 4.60 from Tl 4.50 
  
     
     
 
 (Compiled by Fareha Khan in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/