Europe Research Roundup: Burberry, Glencore, Richemont
07/04/2016 08:13
April 7 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Burberry, Glencore and Sberbank, on Thursday.
HIGHLIGHTS
* Burberry Group Plc BRBY.L : RBC cuts to underperform from sector perform
* Genel Energy Plc GENL.L : Jefferies cuts to underperform rating
* Glencore GLEN.L : JP Morgan cuts to neutral from overweight
* Lonmin Plc LMI.L : HSBC cuts to reduce from hold
* Richemont SA CFR.S : Berenberg cuts to sell from buy
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* A.G.Barr Plc BAG.L : Berenberg cuts target price to 530p from 550p; rating hold
* Acacia Mining Plc ACAA.L : Credit Suisse raises target price to 300p from 265p
* Acacia Mining Plc ACAA.L : JP Morgan cuts target price to 290p from 300p
* Amag Austria Metall AMAV.VI : JP Morgan raises target to 35 euros from 34 euros;neutral
* Anglo American Plc AAL.L : Credit Suisse raises target price to 500p from 470p
* Anglo American Plc AAL.L : JP Morgan raises target price to 450p from 250p
* Antofagasta ANTO.L : JP Morgan cuts to neutral from overweight; target price to 410p
* Babcock BAB.L : Peel Hunt revises target price to 1,121p from 1,164p
* Barry Callebaut BARN.S : SocGen raises price target to Sfr 1200 from Sfr 1080; hold
* Barry Callebaut BARN.S : UBS raises target price to Sfr 1100 from Sfr 1040; neutral
* Beazley BEZG.L : Peel Hunt cuts target price to 330p from 340p
* Bekaert BEKB.BR : ING cuts to hold; raises target price to 38 euros
* BHP Billiton Plc BLT.L : JP Morgan raises target price to 665p from 600p
* Boliden BOL.ST : Credit Suisse raises target price to Sek 145 from Sek 140
* British American Tobacco BATS.L : SocGen raises price target to 4600p from 4300p; buy
* Burberry Group Plc BRBY.L : JP Morgan raises target price to 1400p from 1300p
* Burberry Group Plc BRBY.L : RBC cuts to underperform from sector perform
* Burberry Group Plc BRBY.L : RBC raises target price to 1,300p
* Burberry Group Plc BRBY.L : UBS raises target price to 1580p from 1500p; rating buy
* Capita CPI.L : Peel Hunt revises target price to 1,087p from 1,190p
* Cargotec CGCBV.HE : HSBC cuts target price to 34 euros from 36 euros
* Carrefour CARR.PA : Jefferies cuts target price to 28.60 euros from 30 euros; buy
* Chemring CHG.L : Canaccord Genuity starts with buy; target price 165p
* Danske Bank DANSKE.CO : JP Morgan cuts target price to Dkk 216 from Dkk 220
* DCC DCC.L : Peel Hunt cuts to hold from add; raises target price to 6,111p from 5,420p
* Enel ENEI.MI : HSBC cuts target price to 4.7 euros from 4.8 euros
* Ferrexpo Plc FXPO.L : Credit Suisse raises target price to 19p from 15p
* Fidessa Group Plc FDSA.L : UBS cuts to sell from neutral
* Fidessa Group Plc FDSA.L : UBS raises target price to 2140p from 2070p; rating neutral
* First Quantum Minerals FQM.L : JP Morgan cuts to underweight from neutral
* First Quantum Minerals FQM.L : JP Morgan raises target price to 300p
* Flybe FLYB.L : Liberum cuts target price to 105p from 120p; rating buy
* Fresnillo Plc FRES.L : JP Morgan cuts target price to 950p from 1000p
* Fyffes Plc FFY.I : Investec raises target price to 1.70 euros from 1.60 euros; buy
* Gem Diamonds Ltd GEMD.L : JP Morgan raises target price to 204p from 201p
* Genel Energy Plc GENL.L : Jefferies cuts target price to 62p
* Genel Energy Plc GENL.L : Jefferies cuts to underperform rating
* Glencore GLEN.L : JP Morgan cuts to neutral from overweight
* Handelsbanken SHBa.ST : JP Morgan cuts price target to Sek 99 from Sek 100
* Hochschild HOCM.L : JP Morgan cuts price target to 75p from 80p; rating neutral
* Hunting Plc HTG.L : JP Morgan raises target price to 267p from 263p
* Hydro ASA NHY.OL : JP Morgan raises target price to Nok 34 from Nok 28
* Investec Plc INVP.L : UBS raises target price to 550p from 521p; rating buy
* John Menzies Plc MNZS.L : Peel Hunt raises target price to 482p from 457p
* Kaz Minerals Plc KAZ.L : JP Morgan cuts to underweight from neutral
* Kaz Minerals Plc KAZ.L : JP Morgan raises target price to 125p
* Kenmare Resources JEV.L : JP Morgan cuts price target to 1.09p from 1.26p; neutral
* Kering PRTP.PA : UBS cuts target price to 179 euros from 183 euros; rating buy
* Konecranes KCR1V.HE : HSBC cuts target price to 21 euros from 23 euros
* Kumba Iron Ore Ltd KIOJ.J : Credit Suisse raises target price to Rand 40 from Rand 28
* Lanxess LXSG.DE : Morgan Stanley cuts target price to 40 euros from 44 euros
* Lonmin Plc LMI.L : HSBC cuts to reduce from hold
* Lonmin Plc LMI.L : RBC raises target price to 70p from 50p
* NMC Health Plc NMC.L : Citigroup raises target price to 1350p
* Nordea NDA.ST : JP Morgan cuts price target to Sek 96 from Sek 101; rating overweight
* NOS NOS.LS : Haitong Research raises to buy from neutral; fair value to 7.9 euros
* Orkla ASA ORK.OL : UBS cuts target price to Nok 75 from Nok 76
* Orkla ASA ORK.OL : UBS cuts to neutral from buy
* Plus500 Ltd PLUSP.L : Berenberg starts with buy rating; 800p target price
* Prudential Plc PRU.L : Barclays cuts target price to 1733p from 1779p
* Randgold Resources Ltd RRS.L : Credit Suisse raises target price to 6700p from 6400p
* Rentokil Initial RTO.L : Peel Hunt raises target price to 178p from 167p
* Richemont SA CFR.S : Berenberg cuts target price to Sfr 55 from Sfr 88
* Richemont SA CFR.S : Berenberg cuts to sell from buy
* Rio Tinto Plc RIO.L : JP Morgan raises target price to 2000p from 1850p
* Rps Group Plc RPS.L : Peel Hunt raises target price to 185p from 173p
* Sainsbury SBRY.L : Credit Suisse raises to outperform from underperform
* Sainsbury SBRY.L : Credit Suisse raises target price to 290p
* Sberbank SBER.MM : Deutsche Bank raises target price to 124 Roubles from 91 Roubles
* Sberbank SBER.MM : Deutsche Bank raises to buy from hold
* SEB AB SEBa.ST : JP Morgan cuts price target to Sek 93 from Sek 97; rating neutral
* Sepura Plc SEPU.L : Liberum cuts target price to 145p from 205p; rating buy
* Sika SIK.S : Vontobel revises target price to Sfr 3,800 from Sfr 3,600
* Smurfit Kappa SKG.I : Jefferies raises target price to 29 euros from 27 euros; buy
* South32 S32.L : Credit Suisse raises target price to 90p from 80p
* Swatch Group SA UHR.S : Berenberg cuts target price to Sfr 343 from Sfr 436
* Swatch Group SA UHR.S : Berenberg cuts to hold from buy
* Swedbank SWEDa.ST : JP Morgan cuts price target to Sek 191 from Sek 192; rating neutral
* Tele2 AB TEL2b.ST : Credit Suisse cuts to underperform from neutral; target to Sek 66
* Vaudoise VAHN.S : Vontobel cuts target price to Sfr 520 from Sfr 560
* Vedanta Resources Plc VED.L : Credit Suisse raises target price to 250p from 230p
* William Demant WDH.CO : UBS raises target price to Dkk 680 from Dkk 470
* William Demant WDH.CO : UBS raises to neutral from sell
* Xior Student Housing XIOR.BR : ING cuts to hold; raises target price to 32 euros
* Zoopla Property Group Plc ZPLAZ.L : UBS cuts to neutral from buy
* Zoopla Property Group Plc ZPLAZ.L : UBS raises target price to 260p from 250p
(Compiled by Geetha Panchaksharam in Bengaluru)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/