Corrected: EUROPE RESEARCH ROUNDUP-ASML, Lufthansa, Ericsson (July 21)

Amplitude Surgical SA

22/07/2016 13:38

(Corrects Daimler alert to say DZ Bank, not Independent Research, raised rating and target on 
stock) 
    July 21 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including ARM Holdings, Norsk Hydro and Electrolux, on Thursday.  
     
     
    HIGHLIGHTS 
     * ARM Holdings Plc  ARM.L : Bernstein raises to market-perform from underperform  
     * Deutsche Lufthansa AG  LHAG.DE : DZ Bank cuts to hold from buy 
     * Norsk Hydro  NHY.OL : Credit Suisse raises to outperform from underperform   
     * Ericsson   ERICb.ST : UBS cuts to neutral from buy   
     * Electrolux   ELUXb.ST : Morgan Stanley cuts to equal weight from overweight   
  
       
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.  
     
 
     * Aalberts Industries  AALB.AS : KBC cuts target price to 30.50 euros from 32 euros   
     * Aberdeen Asset Management Plc   ADN.L : Barclays raises target price to 260p from 225p   
     * Adidas AG  ADSGn.DE : Commerzbank raises target price to 134 euros from 113 euros; hold   
     * Aegon NV  AEGN.AS : Barclays cuts target price to 3.4 euros from 4.1 euros   
     * Aegon NV  AEGN.AS : JP Morgan cuts price target to 4.30 euros from 4.70 euros; neutral   
     * Ahlstrom Oyj  AHL1V.HE : ESN/OP Corporate Bank cuts to accumulate from buy   
     * Akzo Nobel NV  AKZO.AS : Credit Suisse cuts target price to 64.5 euros from 66 euros   
     * Akzo Nobel NV  AKZO.AS : Credit Suisse cuts to neutral from outperform   
     * Allianz  ALVG.DE : Barclays cuts target price to 141 euros from 142 euros   
     * Amplitude Surgical  AMPLI.PA : Natixis cuts target price to 5.5 euros from 6.5 euros   
     * ArcelorMittal  ISPA.AS : Berenberg raises target price to 7 euros from 6.5 euros   
     * ArcelorMittal  ISPA.AS : Deutsche Bank raises target price to 5.50 euros from 4.50 euros   
     * ArcelorMittal  ISPA.AS : JP Morgan raises target price to 5 euros from 4.7 euros   
     * ArcelorMittal  ISPA.AS : UBS raises target price to 5.80 euros; rating buy   
     * Arkema SA  AKE.PA : Kepler Cheuvreux raises target price to 86 euros from 83 euros   
     * ARM Holdings Plc  ARM.L : Bernstein raises target price to 1700p from 860p   
     * ARM Holdings Plc  ARM.L : Bernstein raises to market-perform from underperform  
     * ASML  ASML.AS : Kepler Cheuvreux raises target price to 109 euros from 102 euros   
     * ASML  ASML.AS : Natixis raises target price to 110 euros from 95 euros   
     * ASML Holding NV  ASML.AS : Baader raises target price to 96.50 euros from 88 euros; hold   
     * ASML Holding NV  ASML.AS : Barclays raises target price to 115 euros from 105 euros   
     * ASML Holding NV  ASML.AS : Bernstein raises target price to 120 euros from 100 euros   
     * ASML Holding NV  ASML.AS : UBS cuts to neutral from buy   
     * ASML Holding NV  ASML.AS : UBS raises target price to 100 euros from 95 euros   
     * Assa Abloy AB  ASSAb.ST : Kepler Cheuvreux raises target price to Sek 189 from Sek 166   
     * Assicurazioni Generali SpA  GASI.MI : UBS cuts target price to 13.7 euros from 14.5 euros   
     * Aviva Plc  AV.L : Goldman Sachs cuts target price to 485p from 515p   
     * Aviva Plc  AV.L : UBS cuts target price to 395p from 400p   
     * AXA  AXAF.PA : UBS cuts target price to 18.7 euros from 23.3 euros   
     * Baloise Holding AG  BALN.S : UBS cuts target price to Sfr 114 from Sfr 116   
     * Berkeley Energia Ltd  BKY.L : Finncap starts with buy; target price 113p  
     * BHP Billiton Plc  BLT.L : Deutsche Bank cuts target price to 1240p from 1250p  
     * Billerudkorsnas Publ  BILL.ST : Jefferies raises target price to Sek 150 from Sek 135   
     * BNP Paribas  BNPP.PA : Natixis cuts target price to 52.7 euros from 57.3 euros   
     * Boliden AB  BOL.ST : UBS cuts to neutral from buy   
     * British American Tobacco  BATS.L : Morgan Stanley raises target to 5,100p from 4,300p   
     * British Land Company Plc  BLND.L : Canaccord Genuity cuts target to 695p from 899p   
     * Capital & Counties Properties  CAPCC.L : Canaccord Genuity cuts target to 280p from 381p   
     * Capital & Counties Properties  CAPCC.L : Canaccord Genuity cuts to hold from buy   
     * Cargotec Oyj  CGCBV.HE : Danske Bank raises to hold   
     * Cargotec Oyj  CGCBV.HE : Inderes raises target price to eur 37.00 from eur 34.00; reduce   
     * Carrefour  CARR.PA : UBS cuts target price to 24.5 euros from 27 euros   
     * Clinigen Group Plc  CLINC.L : N+1 Singer raises target price to 800p from 735p   
     * Coloplast  COLOb.CO : Commerzbank raises target price to Dkk 620 from Dkk 585   
     * Compagnie Financiere  CFR.S : ESN/CM-CIC Market Solutions raises to buy from accumulate   
     * Compagnie Financiere  CFR.S :ESN/CM-CIC Market Solutions cuts target to Sfr 76 from 87   
     * Covestro AG  1COV.DE : Barclays cuts to equal weight from overweight   
     * Credit Agricole  CAGR.PA : Natixis cuts target price to 10.7 euros from 12 euros   
     * Credit Suisse  CSGN.S : Kepler Cheuvreux Reinitiate coverage with hold; Sfr 12 target  
     * Daily Mail and General Trust  DMGOa.L : Credit Suisse raises target to 750p from 740p   
     * Daimler AG  DAIGn.DE : DZ Bank raises target to eur 69 from eur 60   
     * Daimler AG  DAIGn.DE : DZ Bank raises to buy from hold 
     * D'Amico  B7C.MI : Kepler Cheuvreux cuts to hold; cuts target to 0.4 euro from 0.7 euro   
     * Dassault Aviation  AVMD.PA : J.P. MORGAN cuts target to 990euros from 1,050euros; neutral  
     * Dassault Systemes  DAST.PA : BAADER raises target price to 64 euros from 62 euros; sell   
     * De La Rue Plc  DLAR.L : Investec cuts to add from buy   
     * De La Rue Plc  DLAR.L : Investec raises target price to 660p from 610p   
     * Derwent London Plc  DLN.L : Canaccord Genuity cuts target price to 2560p from 3863p   
     * Derwent London Plc  DLN.L : Canaccord Genuity cuts to hold from buy   
     * Deutsche Lufthansa  LHAG.DE : Commerzbank cuts target price to 9 euros from 16 euros   
     * Deutsche Lufthansa  LHAG.DE : Commerzbank cuts to reduce from hold   
     * Deutsche Lufthansa  LHAG.DE : DZ Bank cuts target price to 10.50 euros from 13.00 euros   
     * Deutsche Lufthansa  LHAG.DE : DZ Bank cuts to hold from buy 
     * Deutsche Lufthansa  LHAG.DE : Independent Research cuts target to 10.00 euros from 14.00 euros   
     * Deutsche Lufthansa  LHAG.DE : Independent Research cuts to sell from buy 
     * Direct Line Insurance Group Plc  DLGD.L : Barclays cuts target price to 360p from 364p   
     * Dometic Group Publ AB  DOMETIC.ST : Morgan Stanley cuts to equal weight from overweight   
     * Dometic Group Publ AB  DOMETIC.ST : Morgan Stanley raises target to Sek 65 from Sek 63   
     * Draper Esprit Plc  GROW.L : Numis starts with buy; target price 390p   
     * Duerr AG  DUEG.DE : Kepler Cheuvreux raises target price to 71.6 euros from 66 euros   
     * EasyJet Plc  EZJ.L : Credit Suisse cuts target price to 1,130p   
     * EasyJet Plc  EZJ.L : Credit Suisse cuts to neutral from outperform 
     * EasyJet Plc  EZJ.L : Numis cuts target price to 1200p from 1400p; rating hold   
     * EasyJet Plc  EZJ.L : RBC cuts price target to 1025p from 1250p; rating sector perform   
     * Electrolux  ELUXb.ST : Credit Suisse raises target to Sek 230 from Sek 205; neutral   
     * Electrolux  ELUXb.ST : Kepler Cheuvreux cuts to hold from buy   
     * Electrolux  ELUXb.ST : Morgan Stanley cuts target price to Sek 250 from Sek 255   
     * Electrolux  ELUXb.ST : Morgan Stanley cuts to equal weight from overweight   
     * Electrolux  ELUXb.ST : RBC cuts to sector perform from outperform   
     * Ericsson  ERICb.ST : UBS cuts target price to Sek 65 from Sek 78   
     * Ericsson  ERICb.ST : UBS cuts to neutral from buy   
     * Esure Group Plc  ESUR.L : Barclays raises target price to 337p from 334p   
     * Fortum Oyj  FUM1V.HE : Danske Bank raises target price to eur 15.1 from eur 14.7; hold   
     * Fresnillo Plc  FRES.L : Deutsche Bank raises target price to 1,070p from 1,020p   
     * Fresnillo Plc  FRES.L : RBC cuts target price to 1, 460p from 1, 530p   
     * Generali  GASI.MI : Barclays raises target price to 11 euros from 10.8 euros   
     * Generali  GASI.MI : JP Morgan cuts target price to 13 euros from 13.50 euros   
     * Georg Fischer AG  FIN.S : UBS cuts to neutral from buy   
     * Great Portland Estates  GPOR.L : Canaccord Genuity cuts target price to 620p from 832p   
     * Great Portland Estates  GPOR.L : Canaccord Genuity cuts to hold from buy   
     * Halma Plc  HLMA.L : Investec raises target price to 1030p from 990p; rating hold   
     * Halma Plc  HLMA.L : Numis raises target price to 1160p from 920p; rating add   
     * Hammerson Plc  HMSO.L : Canaccord Genuity cuts target price to 590p from 685p   
     * Hannover Rueck SE  HNRGn.DE : UBS cuts target price to 93 euros from 97 euros   
     * Helvetia Holding AG  HELN.S : UBS cuts target price to Sfr 530 from Sfr 575   
     * Henderson Group Plc  HGGH.L : Barclays raises target price to 215p from 210p   
     * Hexpol AB  HPOLb.ST : Danske Bank cuts rating to hold from buy   
     * Hikma Pharmaceuticals  HIK.L : Morgan Stanley starts with 2,700p price target   
     * Hikma Pharmaceuticals  HIK.L : Morgan Stanley starts with equal weight rating 
     * Hiscox Ltd  HSX.L : Barclays raises target price to 728p from 714p   
     * Hiscox Ltd  HSX.L : UBS raises target price to 1020p from 989p   
     * Hochschild Mining Plc  HOCM.L : RBC raises target price to 300p from 290p; outperform   
     * IAG  ICAG.L : Credit Suisse cuts to neutral from outperform; cuts target price to 439p   
     * Iberdrola  IBE.MC : Credit Suisse raises target price to 6.9 euros from 6.7 euros   
     * Iberdrola  IBE.MC : Independent Research raises target to eur 6.70 from eur 6.50; hold   
     * Iberdrola  IBE.MC : Natixis raises target price to 6.75 euros from 6.24 euros   
     * IMI Plc  IMI.L : Investec cuts to hold from buy   
     * IMI Plc  IMI.L : Investec raises target price to 1060p from 1035p   
     * Imperial Brands Plc  IMB.L : Morgan Stanley raises target price to 4,450p from 4,050p   
     * ING Groep  ING.AS : Natixis cuts target price to 11.9 euros from 14 euros   
     * Intu Properties Plc  INTUP.L : Canaccord Genuity cuts target price to 280p from 315p   
     * Johnson Matthey Plc  JMAT.L : Numis raises target price to 3394p from 3138p   
     * Johnson Matthey Plc  JMAT.L : UBS raises target price to 3100p from 3020p   
     * Jupiter Fund Management Plc  JUP.L : Barclays raises target price to 420p from 400p   
     * KBC Groep NV  KBC.BR : Natixis cuts target price to 60.5 euros from 64.6 euros   
     * Koninklijke Brill  BRIL.AS : ESN/NIBC Markets NV raises to buy from neutral   
     * Koninklijke Brill  BRIL.AS : ESN/NIBC Markets NV ups target to 29.5 euros from 27.5 euros   
     * Koninklijke Wessanen NV  BSWSc.AS : ING raises target price to 11.65 euros from 7.55 euros   
     * Koninklijke Wessanen NV  BSWSc.AS : ING raises to buy from hold   
     * Korian  KORI.PA : Kepler Cheuvreux raises target price to 37 euros from 31 euros   
     * Korian  KORI.PA : Natixis raises target price to 31 euros from 30 euros   
     * Lancashire Holdings Ltd  LRE.L : Barclays cuts target price to 527p from 529p   
     * Lancashire Holdings Ltd  LRE.L : UBS raises target price to 555p from 550p   
     * Land Securities Group Plc  LAND.L : Canaccord Genuity cuts target to 1115p from 1366p   
     * Legal & General Group Plc  LGEN.L : Barclays cuts target price to 197p from 200p   
     * Lindt & Spruengli  LISN.S : Natixis raises target price to Sfr 65300 from Sfr 49000   
     * Londonmetric Property Plc  LMPL.L : Canaccord Genuity cuts target to 145p from 168p   
     * Lonza Group Ag   LONN.S : Jefferies raises target price to Sfr 185 from Sfr 155   
     * Lonza Group AG  LONN.S : Credit Suisse raises target price to Sfr 180 from Sfr 170   
     * Loomis AB  LOOMb.ST : Danske Bank raises target price to Sek 230 from Sek 225; hold   
     * Lufthansa  LHAG.DE : Deutsche Bank cuts target price to 9.20 euros from 13.80 euros   
     * Lufthansa  LHAG.DE : ESN/Equinet Bank cuts target price to 15 euros from 20 euros; buy   
     * Magforce Ag  MF6G.DE : Berenberg cuts target price to 8.40 euros from 8.75 euros   
     * Market Tech Holdings Ltd  MKT.L : Canaccord Genuity cuts target price to 160p from 195p   
     * Melexis NV  MLXS.BR : Bryan Garnier starts with sell; fair value 48 euros   
     * Merlin  MRL.MC : UBS raises target price to 11.8 euros from 11.1 euros   
     * Merlin  MRL.MC : UBS raises to buy from neutral   
     * Munich Re  MUVGn.DE : UBS cuts target price to 155 euros from 165 euros   
     * Neste Oyj  NESTE.HE : JP Morgan cuts to neutral from overweight   
     * Nordea  NDA.ST : Danske Bank raises target price to Sek 80 from Sek 78; rating hold   
     * Nordea  NDA.ST : UBS cuts target price to Sek 83 from Sek 84   
     * Norsk Hydro  NHY.OL : Credit Suisse raises target price to Nok 40 from Nok 29   
     * Norsk Hydro  NHY.OL : Credit Suisse raises to outperform from underperform   
     * Norske Skog  NSG.OL : Kepler Cheuvreux raises target price to Nok 2 from Nok 1.73   
     * Orange Belgium Sa  OBEL.BR : HSBC raises target price to 21 euros  from 18 euros   
     * Orpea SA  ORP.PA : Exane BNP Paribas raises target price to 88 euros; rating outperform   
     * Panalpina  PWTN.S : Jefferies raises target price to Sfr 115 from Sfr 108   
     * Pennon Group Plc  PNN.L : Credit Suisse raises target price to 815p from 730p   
     * Prudential Plc  PRU.L : UBS raises target price to 1530p from 1450p   
     * Publicis  PUBP.PA : Pivotal Research cuts price target to 72 euros from 74 euros   
     * Publicis  PUBP.PA : Pivotal Research cuts to hold from buy   
     * Rapala Vmc  RAP1V.HE : ESN/OP Corporate Bank cuts target to 4.4 euros from 4.9 euros   
     * Rapala Vmc  RAP1V.HE : ESN/OP Corporate Bank cuts to neutral from accumulate   
     * Rothschild & Co  ROTH.PA : Natixis cuts target price to 24 euros from 25 euros   
     * RSA Insurance Group Plc  RSA.L : Barclays raises target price to 568p from 551p   
     * Salzgitter Ag  SZGG.DE : JP Morgan cuts target price to 27 euros from 30 euros   
     * Sanoma Oyj  SAA1V.HE : Danske Bank raises target price to eur 5.00 from eur 4.00; sell   
     * SAP SE  SAPG.DE : Berenberg raises target price to 87 euros from 83 euros   
     * SAP SE  SAPG.DE : Bernstein raises target price to 88 euros from 83 euros   
     * SAP SE  SAPG.DE : Bryan Garnier raises target price to 75 euros from 74 euros   
     * SAP SE  SAPG.DE : Exane BNP Paribas raises target price to 66 euros from 59 euros   
     * Savannah Petroleum  SAVP.L : Stifel resumes coverage with buy; target price 55p   
     * Schaeffler AG  SHA_p.F : HSBC raises target price to 16 euros from 15 euros  
     * Schroders Plc  SDR.L : Barclays raises target price to 2800p from 2400p   
     * Schroders Plc  SDR.L : Goldman Sachs cuts to neutral; removes from Pan-Europe buy list   
     * Schroders Plc  SDR.L : Goldman Sachs raises target price to 2930p from 2800p   
     * Scor  SCOR.PA : UBS cuts target price to 31 euros from 32 euros   
     * Segro Plc  SGRO.L : Canaccord Genuity cuts target price to 405p from 448p   
     * Sequoia Economic Infrastructure  SEQI.L : Stifel resumes coverage with hold   
     * Severn Trent Plc  SVT.L : Credit Suisse raises target price to 2100p from 1990p   
     * Shaftesbury Plc  SHB.L : Canaccord Genuity cuts target price to 810p from 971p   
     * Sky Plc  SKYB.L : UBS cuts target price to 1260p from 1300p   
     * Sligro Food  SLIGR.AS : ESN/NIBC Markets NV cuts target to 38.29 euros from 40.36 euros   
     * Sligro Food  SLIGR.AS : ESN/NIBC Markets NV cuts to accumulate from buy   
     * Societe Generale  SOGN.PA : Natixis cuts target price to 32.2 euros from 37.6 euros   
     * Software AG  SOWG.DE : Credit Suisse raises target price to 30 euros from 29 euros   
     * Spie  SPIE.PA : HSBC cuts target price to 21.6 euros  from 22.4 euros   
     * SSAB Ab  SSABa.ST : JP Morgan cuts target price to Sek 19 from Sek 20.5   
     * SSAB Ab  SSABb.ST : JP Morgan cuts target price to Sek 16.5 from Sek 18  
     * SSE  SSE.L : Credit Suisse raises target price to 1,550p from 1,450p   
     * St. James's Place Plc  SJP.L : Barclays cuts target price to 924p from 935.5p   
     * St. James's Place Plc  SJP.L : UBS cuts target price to 870p from 915p   
     * Standard Life Plc  SL.L : Barclays cuts target price to 315p from 318p   
     * Standard Life Plc  SL.L : UBS cuts target price to 300p from 347p   
     * Statoil ASA  STL.OL : Morgan Stanley cuts to equal-weight 
     * Sthree Plc  STHR.L : Stifel cuts target price to 320p from 390p   
     * Swiss Re AG  SRENH.S : UBS cuts target price to Sfr 86 from Sfr 88   
     * Symrise AG  SY1G.DE : DZ Bank raises target price to 68.00 euros from 63.00 euros; buy   
     * Talktalk Telecom  TALK.L : Berenberg raises target price to 224p from 208p   
     * Talktalk Telecom  TALK.L : Berenberg raises to hold   
     * Talktalk Telecom  TALK.L : HSBC raises target price to 230p from 200p   
     * Telia  TELIA.ST : Danske Bank cuts target price to Sek 42 from Sek 43; rating hold   
     * Temenos Group AG  TEMN.S : Bryan Garnier raises target price to Sfr 54 from Sfr 52   
     * Temenos Group AG  TEMN.S : Exane BNP Paribas raises target price to Sfr 53; neutral   
     * TF1  TFFP.PA : Kepler Cheuvreux cuts target price to 10.5 euros from 11 euros   
     * ThyssenKrupp AG  TKAG.DE : JP Morgan cuts target price to 22.6 euros from 22.8 euros   
     * Topdanmark  TOP.CO : Barclays cuts target price to Dkk 176 from Dkk 191   
     * Tristel  TSTL.L : Finncap raises target price to 130p   
     * Unilever NV  UNc.AS : BAADER raises target price to 45.50 euros from 44 euros; rating buy  
     * Unipol  UNPI.MI : Barclays raises target price to 2.7 euros from 2.6 euros   
     * Uniqa Insurance  UNIQ.VI : UBS cuts target price to 5.9 euros from 6.5 euros   
     * United Utilities Group Plc  UU.L : Credit Suisse cuts to neutral from outperform   
     * United Utilities Group Plc  UU.L : Credit Suisse raises target price to 990p from 970p   
     * Victrex Plc  VCTX.L : Berenberg cuts target price to 1510p from 1620p   
     * Virgin Money Holdings (Uk) Plc  VM.L : Investec cuts target price to 360p from 430p   
     * Voestalpine  VOES.VI : JP Morgan cuts target price to 34 euros from 37 euros  
     * Volkswagen  VOWG_p.DE : Independent Research ups target to eur 127.00 from eur 114.00; hold  
     * Wartsila Oyj Abp  WRT1V.HE : Danske Bank raises rating to hold   
     * Whitbread Plc  WTB.L : Kepler Cheuvreux cuts target price to 3500p from 4200p   
     * Wizz Air Holdings Plc  WIZZ.L : Investec cuts target price to 1970p from 2300p; buy   
     * Workspace Group Plc  WKP.L : Canaccord Genuity cuts target price to 730p from 932p   
  
 (Compiled by Abdul Nishad. C.K. in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/