Corrected: EUROPE RESEARCH ROUNDUP-Legrand, ARM Holdings, Saipem (July 26)

Amplitude Surgical SA

27/07/2016 09:29

(In July 26 table, corrects Jardine Lloyd Thompson Group alert to say KBW cut, not raised, 
rating to market perform) 
    July 26 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Colruyt, ElringKlinger and Hochschild Mining, on Tuesday.  
     
     
    HIGHLIGHTS 
     * Lloyds Banking  LLOY.L : Berenberg raises to hold from sell 
     * European capgoods: Jefferies downgrades Legrand  LEGD.PA , Volvo  VOLVb.ST  
     * TomTom  TOM2.AS : UBS raises to buy from neutral     
     * Saipem SpA  SPMI.MI : JP Morgan raises to neutral from underweight   
     * ARM Holdings  ARM.L : Berenberg cuts to hold from buy 
               
     
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
 
 
     * AA Plc  AAAA.L : Jefferies cuts price target to 190p from 237p; rating underperform 
     * ABB  ABBN.S : Goldman Sachs raises target price to Sfr 17 from Sfr 15   
     * ABB  ABBN.S : RBC raises price target to Sfr 21 from Sfr 20   
     * Aberdeen Asset Management  ADN.L : Barclays raises target price to 270p from 260p 
     * Aberdeen Asset Management  ADN.L : Exane BNP Paribas cuts target price by 2 pct to 230p   
     * Aberdeen Asset Management  ADN.L : JP Morgan raises target price to 270p from 235p   
     * Aberdeen Asset Management  ADN.L : Morgan Stanley raises target price to 300p from 257p   
     * AcadeMedia AB  ACADE.ST : DNB MarketS starts with buy rating - Trader   
     * Actelion Ltd  ATLN.S : HSBC cuts to hold from buy   
     * Actelion Ltd  ATLN.S : HSBC raises target price to Sfr 185 from Sfr 182   
     * Ahold  AHLN.AS : Exane BNP Paribas raises target price by 11 pct to 22.8 euros  
     * Alstom  ALSO.PA : Goldman Sachs raises target price to 22 euros from 21 euros   
     * Amec Foster Wheeler Plc  AMFW.L : Deutsche Bank starts with hold; target price 470p   
     * Amec Foster Wheeler Plc  AMFW.L : JP Morgan cuts target price to 520p from 540p   
     * Amer Sports Oyj  AMEAS.HE : ESN/OP Corporate Bank raises to buy from accumulate   
     * Amplitude Surgical  AMPLI.PA : Kepler Cheuvreux cuts to hold; cuts target to 3.30 euros   
     * AMS  AMS.S : Helvea Baader Bank cuts target price to Sfr 32 from Sfr 35   
     * Anglo American Plc  AAL.L : Exane BNP Paribas cuts target price by 3 pct to 580p   
     * Applus  APPS.MC : Barclays raises target price to 11 euros from 10 euros   
     * Applus  APPS.MC : Jefferies raises target price to 11. euros; rating buy   
     * ARM Holdings  ARM.L : Berenberg cuts to hold from buy 
     * ARM Holdings  ARM.L : Berenberg raises price target to 1700p from 1400p 
     * Assa Abloy AB  ASSAb.ST : Goldman Sachs raises target price to Sek 166 from Sek 160   
     * Assa Abloy AB  ASSAb.ST : Jefferies raises price target to Sek 175 
     * Assa Abloy AB  ASSAb.ST : Jefferies raises to hold rating 
     * Assicurazioni Generali SpA  GASI.MI : Citigroup cuts target to 10 euros from 12 euros   
     * Atlas Copco AB  ATCOa.ST : Goldman Sachs raises target price to Sek 185 from Sek 130   
     * Aviva Plc  AV.L : Bernstein cuts price target to 435p from 445p   
     * Banco Popolare  BAPO.MI : Exane BNP Paribas cuts target price by 5 pct to 3.8 euros   
     * Bankinter SA  BKT.MC : UBS raises target price to 5.9 euros from 5.6 euros   
     * Barratt Developments Plc  BDEV.L : Deutsche Bank cuts target price to 575p from 667p   
     * Befimmo SA  BEFB.BR : KBC raises target price to 61 euros from 59 euros   
     * Bellway Plc  BWY.L : Deutsche Bank cuts target price to 2,649p   
     * Berkeley  BKGH.L : Deutsche Bank cuts target price to 3,829p from 3,981p   
     * Binckbank  BINCK.AS : ING raises price target to 5 euros from 4.50 euros   
     * Binckbank  BINCK.AS : Kepler Cheuvreux cuts target price to 4.70 euros from 5 euros   
     * Bovis Homes Group Plc  BVS.L : Deutsche Bank cuts target price to 1,190p   
     * BP Milano  PMII.MI : Exane BNP Paribas cuts target price by 3 pct to 0.6 euro   
     * BPER  EMII.MI : Exane BNP Paribas cuts target price by 8 pct to 5.8 euros   
     * Brenntag  BNRGn.DE : Commerzbank cuts target price to 49 euros from 51 euros   
     * Britvic Plc  BVIC.L : UBS cuts target price to 760p from 800p   
     * BT Group Plc  BT.L : Jefferies raises price target to 405.00p; rating hold   
     * Bucher Industries  BUCN.S : Berenberg cuts to hold from buy 
     * Cegereal SA  CGR.PA : Exane BNP Paribas cuts target price by 1 pct to 37 euros   
     * Charles Taylor  CHAT.L : Peel Hunt raises target price to 365p from 330p; rating buy   
     * Close Brothers Group Plc  CBRO.L : Barclays raises target price to 1400p from 1350p 
     * Colefax Group Plc  CFX.L : Peel Hunt cuts target price to 450p from 510p   
     * Colruyt NV  COLR.BR : JP Morgan cuts target price to 40 euros from 43 euros   
     * Colruyt NV  COLR.BR : JP Morgan cuts to underweight from neutral   
     * Commerzbank AG  CBKG.DE : DZ Bank cuts target price to eur 6.50 from eur 9.50; buy   
     * Countrywide  CWD.L : Citigroup cuts target price to 250p from 370p   
     * Cranswick  CWK.L : HSBC raises target price to 2550p from 2350p   
     * Crest Nicholson Holdings Plc  CRST.L : Deutsche Bank cuts target price to 514p   
     * Creval  PCVI.MI : Exane BNP Paribas cuts target price by 26 pct to 0.61 euro   
     * Croda International Plc  CRDA.L : JP Morgan raises target price to 3,400p from 3,314p   
     * Daimler AG  DAIGn.DE : UBS cuts target price to 90 euros from 95 euros   
     * Dassault Aviation  AVMD.PA : Exane BNP Paribas cuts target price by 6 pct to 1200 euros   
     * Dechra Pharmaceuticals Plc  DECP.L : Jefferies raises target price to 1229p 
     * Deutsche Telekom AG  DTEGn.DE : Goldman Sachs cuts target to 19.5 euros from 19.6 euros   
     * EasyJet Plc  EZJ.L : Goldman Sachs cuts price target to 1280p from 1310p   
     * Edenred  EDEN.PA : UBS raises target price to 22 euros from 18.5 euros   
     * ElringKlinger AG  ZILGn.DE : HSBC cuts price target to 17 euros from 26 euros   
     * ElringKlinger AG  ZILGn.DE : HSBC cuts to hold from buy   
     * Erdemir  EREGL.IS : Goldman Sachs cuts price target to Tl 5.5 from Tl 6.0   
     * Europcar Groupe SA  EUCAR.PA : Kepler Cheuvreux cuts to hold; cuts target to 7.50 euros   
     * Experian  EXPN.L : HSBC cuts target price to 1,100p from 1,010p   
     * Ferrovial  FER.MC : UBS cuts target price to 20 euros from 23 euros   
     * Ferrovial  FER.MC : UBS raises to buy from neutral   
     * Fevertree  FEVR.L : Investec raises target price to 915p from 840p   
     * Fincantieri SpA  FCT.MI : JP Morgan raises target price to 0.39 eur from 0.33 eur   
     * Flsmidth  FLS.CO : Goldman Sachs raises target price to Dkk 250 from Dkk 190   
     * Flsmidth  FLS.CO : Goldman Sachs raises to neutral from sell   
     * Forterra Plc  FORT.L : Deutsche Bank cuts target price to 213p   
     * Fraport  FRAG.DE : Commerzbank cuts target price to 43 euros from 48 euros   
     * Fugro NV  FUGRc.AS : KBC cuts target price to 17 euros from 20 euros   
     * Gaztransport et Technigaz SA  GTT.PA : Exane BNP Paribas cuts target by 12 pct to 30 euros   
     * GEA  G1AG.DE : Jefferies raises price target to 53 euros 
     * GEA  G1AG.DE : Jefferies raises to buy rating 
     * Georgia Healthcare Group Plc  GHGG.L : Jefferies raises target price to 395p  
     * Groupe Gorge SA  GOEG.PA : Kepler Cheuvreux raises target price to 22 euros from 20 euros   
     * Hammerson Plc  HMSO.L : Goldman Sachs cuts target price to 665p from 670p   
     * Hammerson Plc  HMSO.L : Jefferies raises to hold from underperform 
     * Hays Plc  HAYS.L : Stifel raises target price to 145p from 130p   
     * Hikma Pharmaceuticals Plc  HIK.L : Jefferies raises target price to 2990p 
     * Hiscox  HSX.L : Canaccord Genuity raises target price to 980p from 865p   
     * Hiscox  HSX.L : Credit Suisse raises price target to 1180p from 1160p; rating outperform   
     * Hiscox  HSX.L : UBS raises target price to 1,040p from 1,020p; rating neutral 
     * Hochschild Mining Plc  HOCM.L : Numis raises target price to 290p from 220p   
     * Hochschild Mining Plc  HOCM.L : Numis raises to buy from hold   
     * HSBC Holdings Plc  HSBA.L : JP Morgan raises target price to 460p from 450p  
     * Hunting Plc  HTG.L : Deutsche Bank cuts target price to 560p from 600p   
     * Hydro  NHY.OL : Kepler Cheuvreux raises target price to Nok 40 from Nok 37.00   
     * Ibstock Plc  IBST.L : Deutsche Bank cuts target price to 181p from 226p   
     * ICT Automatisering  ICTA.AS : ESN/ NIBC Markets NV cuts to accumulate from buy   
     * ICT Automatisering  ICTA.AS : ESN/ NIBC Markets NV ups target to 11.5 euros from 9 euros   
     * Indivior Plc  INDV.L : Jefferies raises target price to 320p 
     * ING Groep NV  INGA.AS : Independent Research starts with buy; target price 11.5 euros   
     * Intesa Sanpaolo  ISP.MI : Exane BNP Paribas cuts target price by 8 pct to 2.4 euros   
     * ITV Plc  ITV.L : Kepler Cheuvreux cuts target price to 185p from 225p   
     * Jardine Lloyd Thompson Group Plc  JLT.L : KBW cuts to market perform from outperform     
     * Jardine Lloyd Thompson Group Plc  JLT.L : KBW raises price target to 980p from 950p   
     * JLT Group Plc  JLT.L : JP Morgan raises target price to 1,020p from 970p   
     * John Wood Group Plc  WG.L : Deutsche Bank starts with buy; target price 800p   
     * Julius Baer  BAER.S : Natixis cuts target price to Sfr 43.5 from Sfr 46   
     * Jungheinrich AG  JUNG_p.DE : Jefferies raises price target to 35 euros 
     * Kion  KGX.DE : Jefferies cuts to hold rating 
     * Koninklijke Wessanen  BSWSc.AS : ESN/NIBC Markets cuts to accumulate from buy   
     * Koninklijke Wessanen  BSWSc.AS : ESN/NIBC Markets ups target to 11.5 euros from 11 euros   
     * Kontron  KBCG.DE : ESN/Equinet Bank cuts target price to 1.70 euros from 3 euros   
     * Kontron  KBCG.DE : ESN/Equinet Bank cuts to sell from neutral   
     * Kontron  KBCG.DE : Independent Research cuts target price to 2.0 euros from 2.5 euros   
     * Kontron  KBCG.DE : Independent Research cuts to sell from hold 
     * Kuka AG  KU2G.DE : Jefferies raises price target to 115 euros 
     * Kuka AG  KU2G.DE : Jefferies raises to hold 
     * Legrand  LEGD.PA : Jefferies cuts price target to 41 euros 
     * Legrand  LEGD.PA : Jefferies cuts to underperform rating 
     * Lloyds Banking  LLOY.L : Berenberg raises to hold from sell 
     * L'Oreal  OREP.PA : Natixis raises target price to 179 euros from 170 euros   
     * LSL Property Services Plc  LSL.L : Citigroup cuts target price to 310p from 360p   
     * Luxottica Group  LUX.MI : Barclays cuts target to 58 euros from 61 euros; overweight   
     * Luxottica Group  LUX.MI : Bryan Garnier cuts fair value to 54 euros from 58 euros   
     * Luxottica Group  LUX.MI : Bryan Garnier cuts to neutral from buy   
     * Luxottica Group  LUX.MI : JP Morgan cuts target price to 50 euros from 52 euros   
     * Luxottica Group  LUX.MI : Kepler Cheuvreux cuts to reduce; cuts target price to 42 euros   
     * McCarthy & Stone Plc  MCS.L : Deutsche Bank cuts target price to 215p   
     * Mediclinic  MDCM.L : Jefferies raises target price to 920p 
     * Mereo BioPharma Group Plc  MPHM.L : RBC starts with outperform; target price 650p   
     * Metso Oyj  MEO1V.HE : Goldman Sachs raises target price to 21 euros from 15 euros   
     * Metso Oyj  MEO1V.HE : Goldman Sachs raises to neutral from sell   
     * Motor Oil  MORr.AT : Credit Suisse cuts target price to 15.75 euros from 16.50 euros   
     * MTU Aero Engines AG  MTXGn.DE : JP Morgan raises price target to 89 euros from 78 euros   
     * MTU Aero Engines AG  MTXGn.DE : JP Morgan raises to neutral from underweight   
     * Neste  NESTE.HE : Credit Suisse cuts target price to 26.25 euros from 27 euros   
     * Neste Oyj  NESTE.HE : ESN/ OP Corporate Bank cuts to neutral from accumulate   
     * Nicox  NCOX.PA : Bryan Garnier reinstates fair value of 14 euros   
     * NMC Health Plc  NMC.L : Jefferies raises target price to 1570p 
     * Norma  NOEJ.DE : Helvea Baader Bank raises to buy from hold   
     * Old Mutual  OMLJ.J : Bernstein cuts price target to 34.95 Rand from 40.50 Rand  
     * Orion  ORNBV.HE : Jefferies raises target price to 37.10 euros 
     * Outokumpu Oyj  OUT1V.HE : Jefferies raises target price to 5.75 euros from 5 euros; buy   
     * Outotec Oyj  OTE1V.HE : DNB MarketS cuts to hold from buy - Trader   
     * Outotec Oyj  OTE1V.HE : Goldman Sachs raises target price to 3.1 euros from 1.8 euros   
     * Pan African Resources Plc  PAFR.L : HSBC raises target price to 28p from 20p   
     * Persimmon Plc  PSN.L : Deutsche Bank cuts target price to 2,072p   
     * Petrofac Ltd  PFC.L : Deutsche Bank starts with hold; target price 770p   
     * Petrofac Ltd  PFC.L : JP Morgan cuts target price to 870p from 900p   
     * Philips  PHG.AS : Barclays raises target price to 23.50 euros from 22.50 euros   
     * Philips  PHG.AS : Credit Suisse raises target to 29 euros from 28 euros; outperform  
     * Philips  PHG.AS : Exane BNP Paribas raises target price to 28 euros from 27 euros   
     * Philips  PHG.AS : ING cuts price target to 26.50 euros from 28 euros  
     * Philips  PHG.AS : JP Morgan raises target price to 30 euros from 25 euros  
     * Polypipe Group Plc  PLP.L : Deutsche Bank cuts target price to 361p from 382p   
     * Provident Financial  PFG.L : Panmure cuts target price to 2400p from 2500p   
     * Prudential  PRU.L : Bernstein cuts price target to 1600p from 1680p   
     * PZ Cussons Plc  PZC.L : Investec raises target price to 361p from 343p   
     * PZ Cussons Plc  PZC.L : Investec raises to buy from add   
     * Randgold Resources  RRS.L : Morgan Stanley cuts to "underweight"  
     * Randstad Holding  RAND.AS : Goldman Sachs cuts target to 45 euros from 46 euros; neutral   
     * Recordati  RECI.MI : Jefferies raises target price to 32.50 euros 
     * Redrow Plc  RDW.L : Deutsche Bank cuts target price to 495p   
     * Refresco Group NV  RFRG.AS : ESN/NIBC MarketS NV raises to accumulate from neutral   
     * Renishaw Plc  RSW.L : N+1 Singer raises target price to 2026p from 1905p   
     * Richemont  CFR.S : UBS cuts target price to Sfr 62 from Sfr 68   
     * Richemont SA  CFR.S : JP Morgan cuts target price to Sfr 58 from Sfr 61   
     * Richter Gedeon  GDRB.BU : Jefferies raises target price to Huf 5655  
     * Roche  ROG.S : Morgan Stanley cuts target price to Sfr 300 from Sfr 308   
     * Ryanair  RYA.I : Goldman Sachs cuts price target to 14 euros from 14.2 euros   
     * Ryanair  RYA.I : Investec cuts target price to 16.40 euros from 17 euros   
     * Ryanair  RYA.I : RBC cuts target price to 16.50 euros from 18 euros 
     * Ryanair Holdings Plc  RYA.I : JP Morgan cuts target price to 14.25 euros from 15 euros   
     * Ryanair Holdings Plc  RYA.I : RBC cuts target price to 16.5 euros from 18 euros   
     * Ryanair Holdings Plc  RYA.I : UBS cuts target price to 16.25 euros from 16.5 euros   
     * Saipem SpA  SPMI.MI : JP Morgan raises target price to 0.43 eur from 0.4 eur   
     * Saipem SpA  SPMI.MI : JP Morgan raises to neutral from underweight   
     * Sandvik AB  SAND.ST : Goldman Sachs raises target price to Sek 70 from Sek 47.5   
     * Sarantis  SRSr.AT : ESN/ Investment Bank of Greece raises to accumulate from neutral   
     * Saras SpA  SRS.MI : Credit Suisse cuts target price to 1.75 euros from 2 euros   
     * Sartorius  SATG_p.DE : Berenberg raises target price to 80 euros from 65 euros  
     * Sartorius  SATG_p.DE : Deutsche Bank raises target price to 75 euros from 68 euros  
     * Sartorius  SATG_p.DE : Kepler Cheuvreux raises target price to 64 euros from 57.50 euros  
     * Savannah Petroleum Plc  SAVP.L : Panmure reinstates with buy; 70p target price 
     * SBM Offshore NV  SBMO.AS : JP Morgan raises target price to 12.8 euros from 12.4 euros   
     * SEB SA  SEBF.PA : Bryan Garnier raises fair value to 132 euros from 125 euros   
     * SEB SA  SEBF.PA : Kepler Cheuvreux raises target price to 138. euros from 121 euros   
     * SEB SA  SEBF.PA : Natixis cuts to neutral from buy   
     * SEB SA  SEBF.PA : Natixis raises target price to 124 euros from 116 euros   
     * SEB SA  SEBF.PA : UBS raises price target to 134 euros from 122 euros; rating buy   
     * Senior Plc  SNR.L : Panmure cuts target price to 186p from 230p   
     * SFS Group AG  SFSN.S : Credit Suisse cuts to neutral from outperform   
     * SIG Plc  SHI.L : Deutsche Bank cuts target price to 118p from 149p   
     * SKF  SKFb.ST : Goldman Sachs cuts target price to Sek 135 from Sek 140   
     * SKF  SKFb.ST : Jefferies cuts target price to Sek 135 
     * SKF  SKFb.ST : Jefferies cuts to hold rating 
     * Sky Plc  SKYB.L : JP Morgan raises target price to 985p from 965p   
     * Sogefi  SGFI.MI : Exane BNP Paribas raises target price to 2.20 euros; rating outperform   
     * Spire Healthcare Group Plc  SPI.L : Jefferies cuts target price to 335p 
     * SSAB AB  SSABa.ST : Exane BNP Paribas cuts to underperform from neutral   
     * SSAB AB  SSABa.ST : Exane BNP Paribas raises target price by 41 pct to Sek 24  
     * SSAB AB  SSABa.ST : JP Morgan raises target price to Sek 20 from Sek 19   
     * SSAB AB  SSABb.ST : JP Morgan raises target price to Sek 17.50 from Sek 16.50  
     * St. James's Place Plc  SJP.L : Bernstein cuts price target to 965p from 1035p   
     * Standard Chartered Plc  STAN.L : JP Morgan raises target price to 800p from 770p  
     * Standard Life Plc  SL.L : Bernstein cuts price target to 305p from 325p   
     * Subsea 7 SA  SUBC.OL : JP Morgan cuts to underweight from neutral   
     * Suez  SEVI.PA : HSBC cuts target price to 16 euros from 17 euros   
     * Suez  SEVI.PA : Raymond James cuts target to 18.50 euros from 19.20 euros   
     * Swatch Group SA  UHR.S : JP Morgan cuts target price to Sfr 245 from Sfr 294   
     * Taylor Wimpey Plc  TW.L : Deutsche Bank cuts target price to 218p   
     * Thales  TCFP.PA : Barclays raises target price to 89 euros from 80 euros 
     * Thomas Cook Group Plc  TCG.L : Barclays cuts target price to 75p from 90p   
     * Thule  THULE.ST : Jefferies raises target price to Sek 125 
     * TomTom  TOM2.AS : UBS raises to buy from neutral 
     * Tui AG  TUIT.L : Barclays cuts target price to 1260p from 1330p   
     * Tui AG  TUIT.L : Stifel raises to buy from hold   
     * Tyman Plc  TYMN.L : Canaccord Genuity raises target price to 325p from 320p   
     * Tyman Plc  TYMN.L : Jefferies raises price target to 320p from 310p   
     * UBI Banca  UBI.MI : Exane BNP Paribas cuts target price by 2 pct to 4.1 euros   
     * UDG Healthcare Plc  UDG.L : Jefferies raises target price to 680p 
     * Unite Group Plc  UTG.L : Peel Hunt raises target price to 675p from 650p; rating add   
     * Valmet  VALMT.HE : Carnegie cuts to hold; raises target price to 12 euros   
     * Valmet Corp  VALMT.HE : ESN/OP Corporate Bank cuts to neutral from accumulate   
     * Veolia  VIE.PA : HSBC cuts target price to 23 euros from 25 euros   
     * Verbund  VERB.VI : Deutsche Bank raises target price to 11 euros from 10.0 euros 
     * Victrex Plc  VCTX.L : JP Morgan cuts target price to 1,420p from 1,450p   
     * Virbac SA  VIRB.PA : Jefferies raises target price to 210 euros 
     * Volvo AB  VOLVb.ST : Jefferies cuts price target to Sek 95 from Sek 125 
     * Volvo AB  VOLVb.ST : Jefferies cuts to hold from buy 
     * Vontobel Holding AG  VONN.S : Baader Helvea cuts to hold from buy;  
     * Vontobel Holding AG  VONN.S : Baader Helvea raises price target to Sfr 48 from Sfr 47.90   
     * Wartsila  WRT1V.HE : Goldman Sachs raises target to 34 euros from 31 euros   
     * Wartsila  WRT1V.HE : Jefferies cuts target price to 40 euros 
     * Wartsila  WRT1V.HE : Jefferies cuts to hold rating 
     * Weir Group Plc  WEIR.L : Goldman Sachs raises target price to 1750p from 1450p   
     * Wessanen  BSWSc.AS : KBC raises target price to 12.50 euros from 11 euros   
     * William Hill  WMH.L : HSBC raises target price to 305p from 295p   
     * Wizz Air  WIZZ.L : HSBC raises target price to 1100p from 1000p  
  
 (Compiled by Tenzin Pema and Geetha Panchaksharam in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/