EUROPE RESEARCH ROUNDUP: Saipem, Sandvik, Philips, Software AG, UBS
30/01/2013 16:29
Jan 30 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Saipem and UBS AG, on Wednesday.
HIGHLIGHTS
* Nordea Bank : S&P Capital IQ raises to buy from hold; target to Sek 78 from Sek 65
* Philips : RBC, ING, JP Morgan, UBS raise price targets
* Royal Caribbean Cruises : S&P Capital IQ raises to strong buy from buy
* Saipem SpA : Deutsche Bank, Exane BNP Paribas, Credit Suisse cut ratings
* Sandvik AB : JP Morgan cuts to neutral from overweight
* Software AG : HSBC and Goldman Sachs cut ratings
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Adecco SA : Credit Suisse raises price target to Sfr 62 from Sfr 49
* Alternative Networks : Investec raises target price to 330p from 310p
* AMAG Austria Metall AG : JP Morgan cuts to neutral from overweight
* AMS AG : UBS raises price target to Sfr 130 from Sfr 115
* AMS AG : Vontobel raises price target to Sfr 140 from Sfr 125
* Anadolu Efes : JP Morgan raises target price to TL 27 from TL 23
* Anglo American : Deutsche Bank raises price target to 2260p from 2200p
* Anglo American : Bernstein cuts price target to 2225p from 2275p
* Aquarius Platinum : BMO cuts to underperform from market perform
* Arkema SA : Credit Suisse raises target price to 96 euros from 85 euros
* ARM Holdings : Numis cuts to hold from buy
* Autogrill : Citigroup raises target price to 11 euros from 9 euros
* Avocet Mining : JP Morgan cuts price target to 65p from 100p
* Bankinter SA : Citigroup raises target price to 3 euros from 2.90 euros
* BASF SE : Credit Suisse raises target price to 78 euros from 70 euros
* BHP Billiton : Deutsche Bank raises price target to 2380p from 2335p
* BHP Billiton : Bernstein raises target price to 2450p from 2400p
* British Land Company : Jefferies cuts target price to 538p from 551p
* Cable & Wireless Communications : Nomura raises price target to 42p from 40p
* Campofrio Food Group : Kepler cuts to reduce from hold
* Campofrio Food Group : Kepler cuts target price to 4.9 euros from 6.4 euros
* Capital & Counties Properties : Jefferies cuts price target to 235p from 241p
* Carlsberg A/S : SocGen raises target price to Dkk 500 from Dkk 460; rating sell
* Clean Air Power : Jefferies cuts target price to 235p from 241p
* CRH : HSBC cuts to underweight from neutral
* Croda International : Credit Suisse raises target price to 2500p from 2100p
* Darty PLC : N+1 Singer cuts to hold from buy
* Debenhams : JP Morgan cuts price target to 137p from 144p
* Diageo PLC : S&P Capital IQ raises target price to 2100p from 2020p
* Dufry AG : Citigroup raises to buy from neutral
* Dufry AG : Citigroup raises target price to Sfr 150 from Sfr 125
* EDP Renovaveis : Citigroup raises target price to 5.20 euros from 4.60 euros
* Electrocomponents : Credit Suisse raises to outperform from neutral
* Electrocomponents : Credit Suisse raises price target to 280p from 210p
* Energias de Portugal SA : Citigroup raises to buy from neutral
* ENI : Credit Suisse cuts target price to 21.2 euros from 22 euros
* Eurazeo SA : UBS raises price target to 46 euros from 42 euros
* Faiveley Transport : SocGen raises target price to 59 euros from 46 euros
* Ferrexpo : JP Morgan raises price target to 269p from 230p
* Fresenius SE & Co : Berenberg cuts target price to 105 euros from 106 euros
* Gas Natural SDG : Nomura raises price target to 16 euros from 13.50 euros
* Geberit AG : HSBC raises target price to Sfr 244 from Sfr 229
* Gem Diamonds Ltd : JP Morgan cuts price target to 193p from 199p
* GL events : SocGen cuts to hold from buy
* GL events : SocGen raises price target to 20 euros from 17.5 euros
* GL events : Exane BNP Paribas cuts target price by 1 euro to 21 euros
* Grainger : Jefferies raises target price to 148p from 127p
* Hammerson : Jefferies cuts target price to 476p from 499p
* Hays PLC : Credit Suisse raises price target to 95p from 85p
* HeidelbergCement : HSBC raises target price to 66 euros from 58 euros
* Holcim Ltd : HSBC cuts to neutral from overweight
* Imagination Technologies : Morgan Stanley raises to overweight from equal-weight
* Imagination Technologies : Morgan Stanley raises price target to 570p from 450p
* Inchcape PLC : BofA Merrill raises price objective to 520p from 450p
* Ingenico SA : Barclays raises target price to 51 euros from 47 euros
* Ingenico SA : SocGen raises price target to 36 euros from 33 euros
* Ingenico SA : HSBC raises target price to 53 euros from 48 euros
* JCDecaux SA : Citigroup raises target price to 21 euros from 18 euros
* JENOPTIK : Kepler cuts to hold from buy
* JENOPTIK : Kepler raises target price to 8.5 euros from 8 euros
* Johnson Matthey : Citigroup names as most preferred stock
* Kenmare Resources : JP Morgan cuts price target to 34p from 40p
* Kenmare Resources : Canaccord Genuity cuts price target to 41p from 44p
* Lafarge SA : HSBC cuts target price to 56 euros from 58 euros
* Land Securities Group : Jefferies cuts target price to 788p from 831p
* Lanxess AG : Berenberg raises target price to 79 euros from 78 euros
* Lanxess AG : Citigroup names as least preferred stock
* Londonmetric Property : JP Morgan starts with overweight rating; target of 125p
* Logitech International : Credit Suisse cuts target price to Sfr 5.30 from Sfr 5.50
* Lonza Group : UBS raises price target to Sfr 54 from Sfr 50
* Lonza Group : S&P Capital IQ cuts to sell from hold; target to Sfr 48 from Sfr 50
* Luxottica Group SpA : UBS raises price target to 34 euros from 28.5 euros
* Manitou BF : SocGen raises price target to 16.5 euros from 15.5 euros
* Meyer Burger Technology : Credit Suisse raises target to Sfr 7.30 from Sfr 5.90
* Michael Page International : Credit Suisse raises price target to 375p from 335p
* New World Resources : JP Morgan cuts price target to 150p from 210p
* Norbert Dentressangle : SocGen raises target price to 64 euros from 53 euros
* Nordea Bank : S&P Capital IQ raises to buy from hold; target to Sek 78 from Sek 65
* Novartis AG : UBS raises price target to Sfr 80 from Sfr 75
* Novozymes A/S : Citigroup names as least preferred stock
* Pandora A/S : JP Morgan raises price target to Dkk 150 from Dkk 115
* Petropavlovsk : JP Morgan cuts p