EUROPE RESEARCH ROUNDUP: Volkswagen, Adidas, Swisscom, ASML Holding

Amsc ASA

14/01/2014 10:47

Jan 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Centrica PLC and Swisscom, on Tuesday.  
     
    HIGHLIGHTS 
    * Centrica PLC  CNA.L : Morgan Stanley cuts target to 340p from 380p; rating equal weight 
    * Swisscom  SCMN.VX : SocGen raises target price to Sfr 550 from Sfr 440; rating buy     
    * Aeroports De Paris  ADP.PA : Barclays cuts to underweight rating  ID:nWNAB040GO    
    * Volkswagen AG  VOWG_p.DE : UBS cuts to sell from neutral 
       
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
     
    * Abertis  ABE.MC : Barclays raises target to 16 euros from 13 euros; underweight 
    * Abertis Infraestructuras Sa  ABE.MC : Barclays raises target to 16 euros; underweight  
    * Aeroports De Paris Sa  ADP.PA : Barclays cuts to underweight from equal weight 
    * Aeroports De Paris Sa  ADP.PA : Barclays raises target to 88 euros from 70 euros 
    * Aker Solutions ASA  AKSO.OL : Berenberg raises target to Nok 129 from Nok 115; buy 
    * Alliance Pharma PLC  ALAPH.L : Numis cuts target by 3p to 38p; rating hold  
    * Alliance Pharma PLC  ALAPH.L : Numis cuts to hold from add 
    * Alpha Bank SA  ACBr.AT : Renaissance Capital starts with sell 
    * Amec PLC  AMEC.L : Nomura raises price target to 1280p from 1230p; buy 
    * American Shipping  AMSCA.OL : Imperial capital raises target to Nok 60; outperform 
    * ASML Holding NV  ASML.AS : Credit Suisse cuts target to 68 euros from 75 euros 
    * ASML Holding NV  ASML.AS : Credit Suisse cuts to neutral from outperform  
    * Atlantia Spa  ATL.MI : Barclays raises target to 19 euros from 17 euros; overweight 
    * Avance Gas Holding  AGHL.NFF : Wells Fargo starts with outperform rating  
    * Banco Popular  POP.MC : SocGen cuts to hold from buy 
    * Beter Bed  BETR.AS : ING raises to buy, raises target to 21.50 euros from 13.50 euros 
    * Bhp Billiton PLC  BLT.L : JP Morgan raises target to 2250p from 2150p; neutral 
    * Blinkx PLC  BLNX.L : Jefferies cuts to hold from buy 
    * British Sky Broadcasting Group  BSY.L : UBS raises to buy; adds to European key call list 
    * Brunello Cucinelli SpA  BCU.MI : Nomura cuts to reduce; cuts target to 20 euros  
    * Buzzi Unicem SpA  BZU.MI : Berenberg raises target to 12.30 euros; rating sell  
    * BW LPG  BWLPG.OL : Wells Fargo starts with outperform rating  
    * Centrica PLC  CNA.L : Morgan Stanley cuts target to 340p from 380p; equal weight 
    * CSR PLC  CSR.L : JP Morgan raises price target to 750p from 650p; overweight 
    * Daimler AG  DAIGn.DE : Nomura raises price target to 60 euros from 55 euros; neutral  
    * Danone SA  DANO.PA : Jefferies cuts target to 47 euros from 50 euros; hold 
    * Deutsche Lufthansa AG  LHAG.DE : HSBC raises target to 22 euros; overweight 
    * Dialog Semiconductor PLC  DLGS.DE : HSBC raises target to 18 euros; overweight 
    * Dorian LPG  DORIAN.NFF : Wells Fargo startswith outperform  
    * Faurecia SA  EPED.PA : JP Morgan raises to overweight; raises target to 33 euros  
    * Fortum Oyj  FUM1V.HE : Morgan Stanley cuts to underweight from equal weight 
    * Fraport  FRAG.DE : Barclays cuts to equal weight from overweight  
    * Fraport  FRAG.DE : Barclays raises target price to 58 euros from 52 euros  
    * Global Ports Investments  GLPRq.L : Deutsche Bank reinstates with hold; price target  
    * Grifols SA  GRLS.MC : Berenberg raises target to 39.45 euros from 32.10 euros; buy 
    * Groupe Eurotunnel Sa  GETP.PA : Barclays raises target to 8.40 euros from 6.20 euros 
    * Groupe Eurotunnel Sa  GETP.PA : Barclays raises to equal weight from underweight  
    * Hargreaves Lansdown  HRGV.L : Morgan Stanley raises target price to 1670p from 1113p 
    * Hargreaves Lansdown  HRGV.L : Morgan Stanley raises to overweight from equal weight 
    * Havas SA  EURC.PA : HSBC cuts target to 6.5 euros from 6.7 euros; neutral 
    * Hugo Boss  BOSSn.DE : Nomura cuts to reduce; cuts price target to 95 euros from 100 euros  
    * Ideagen PLC  IDEA.L : Finncap raises target to 36p from 32p 
    * Informa PLC  INF.L : UBS adds to least preferred list in European media; neutral 
    * Informa PLC  INF.L : UBS cuts to neutral from buy; cuts target to 550p from 570p 
    * Intercontinental Hotels Group Plc  IHG.L : UBS adds to most preferred list; rating buy 
    * Ipsos SA  ISOS.PA : HSBC raises target to 38 euros from 35.5 euros; overweight 
    * ITV Plc  ITV.L : HSBC raises to overweight; raises taget to 230p from 150p  
    * ITV PLC  ITV.L : UBS raises target price to 230p from 205p; rating buy 
    * Jeronimo Martins  JMT.LS : JP Morgan cuts target price to 15 euros from 16 euros 
    * Jeronimo Martins  JMT.LS : JP Morgan cuts to neutral from overweight 
    * Jeronimo Martins  JMT.LS : Raymond James cuts target to 17.20 euros; outperform  
    * Jeronimo Martins : Citigroup cuts target to 16.15 euros; rating buy 
    * Kalibrate Technologies PLC  KLBT.L : N+1 Singer starts with 102P price target 
    * Ladbrokes Plc  LAD.L : UBS drops from least preferred list; rating neutral  
    * Luxottica  LUX.MI : Nomura raises to neutral; raises target to 40.70 euros from 38 euros  
    * LVMH  LVMH.PA : Nomura cuts target to 155 euros from 163 euros; buy  
    * Mecom Group PLC  MEC.L : Numis raises price target to 150p; rating buy 
    * Mediaset Espana Comunicacion  TL5.MC : HSBC raises target to 7.9 euros; underweight  
    * Mediaset Spa  MS.MI : HSBC raises target to 3.3 euros from 2.6 euros; underweight 
    * Michelin SCA  MICP.PA : JP Morgan cuts to underweight from neutral  
    * Navigator Holdings  NVGS.N : Wells Fargo startswith outperform  
    * NBG  ETFAS.AT : Renaissance Capital starts with sell  
    * Novo Nordisk  NOVOb.CO : UBS raises target to Dkk 230 from Dkk 208; buy 
    * Optimal Payments PLC  OPAY.L : Berenberg raises target to 520p from 452p; buy 
    * Piraeus Bank  BOPr.AT : Renaissance Capital starts with sell 
    * Porsche  PSHG_p.DE : UBS raises price target to 80 euros from 66 euros; rating neutral 
    * Proactis  PHD.L : Finncap raises price target to 60p from 45p 
    * Prosiebensat 1 Media AG  PSMGn.DE : HSBC raises target to 42 euros; overweight  
    * Publicis Groupe SA  PUBP.PA : UBS raises target to 64 euros from 54.95 euros; neutral 
    * Renault SA  RENA.PA : JP Morgan cuts target to 68 euros from 74 euros; overweight 
    * Royal Mail PLC  RMG.L : JP Morgan starts with overweight; target 700p 
    * RTL  AUDK.LU : HSBC cuts to neutral from overweight  
    * Salvatore Ferragamo Spa  SFER.MI : Nomura cuts target to 26.50 euros; neutral  
    * Schibsted ASA  SBST.OL : UBS raises target price to Nok 490 from Nok 450; rating buy. 
    * SIAS  SIS.MI : Barclays cuts to underweight from equal weight  
    * Smith & Nephew PLC  SN.L : Jefferies raises target to 1000p from 900p; rating buy 
    * Suedzucker  SZUG.DE : Barclays raises target to 16 euros; underweight     
    * Surteco SE  SURG.DE : Berenberg raises target to 36 euros from 25 euros; buy 
    * Swisscom  SCMN.VX : SocGen raises target to Sfr 550 from Sfr 440; rating buy 
    * Tele2  TEL2b.ST : Morgan Stanley cuts target to Sek 78 from Sek 80; rating equal weight 
    * TMK  TRMKq.L : Barclays cuts price target to $14.80 from $15 
    * TMK  TRMKq.L : Barclays raises to overweight from equal weight  
    * Tod's Spa  TOD.MI : Nomura cuts price target to 116 euros form 117 euros; neutral 
    * Valeo SA  VLOF.PA : JP Morgan starts with overweight; price target 95 euros  
    * Vienna Airport  VIEV.VI : Barclays cuts to equal weight from overweight 
    * Vienna Airport  VIEV.VI : Barclays raises target price to 70 euros from 50 euros  
    * Vinci Sa  SGEF.PA : Barclays raises target to 57 euros from 45 euros; overweight 
    * Vivendi SA  VIV.PA : UBS adds to least preferred list in European media; neutral 
    * Volkswagen AG  VOWG_p.DE : UBS cuts to sell from neutral 
    * Whitbread Plc  WTB.L : UBS adds to least preferred list; rating neutral 
    * Whitbread PLC  WTB.L : UBS raises target to 4090p from 3150p; rating neutral 
    * William Hill Plc  WMH.L : UBS drops from most preferred list; rating buy  
    * Wolters Kluwer NV  WLSNc.AS : UBS adds to most preferred list in European media; buy 
    * Wolters Kluwer NV  WLSNc.AS : UBS raises target to 24 euros from 20.50 euros; buy 
    * WPP Plc  WPP.L : HSBC raises price target to 1600p from 1500p; rating overweight  
    * Zurich Airport  FHZN.S : Barclays raises target price to Sfr 610 from Sfr 430  
    * Zurich Airport  FHZN.S : Barclays raises to overweight from underweight 
     
 
 (Ram Kumar in Bangalore) 
 ((ramkumar.ramaswamy@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6677 
1190)(Reuters messaging:ramkumar.ramaswamy.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/