Europe Research Roundup: BHP Billiton, Enel, Italcementi, Danone

Anadolu Hayat Emeklilik

25/09/2014 16:32

Sept 25 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including DNO ASA and Enel, on Thursday.  
     
    HIGHLIGHTS 
    * BHP Billiton  BLT.L : Citigroup raises to buy from neutral  ID:nWNAB04SH5  
    * DNO ASA  DNO.OL : Swedbank raises to buy from neutral 
    * Enel  ENEI.MI : SocGen raises to buy from hold 
    * Italcementi  ITAI.MI : Berenberg raises to buy from sell rating 
    * Danone  DANO.PA : JP Morgan cuts to underweight from neutral 
       
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.    
     
    * A.G.Barr  BAG.L : Numis raises target price to 659p; rating hold 
    * A.P. Moller-Maersk  MAERSKb.CO :ALM Brand Markets ups target to Dkk 16,500 from Dkk 16,000 
    * Adecco SA  ADEN.VX : S&P capital IQ raises to buy from hold 
    * African Barrick Gold Plc  ABGL.L : Citigroup cuts target to 190p from 226p; rating sell 
    * Amec Plc  AMEC.L : UBS raises to buy from neutral; raises price target to 1215p from 1100p 
    * Anadolu Hayat Emeklilik  ANHYT.IS :Oyak Securities cuts to underperform from marketperform 
    * Antofagasta Plc  ANTO.L : Citigroup cuts price target to 705p from 720p; rating sell 
    * Aquarius Platinum Ltd  AQP.L : Citigroup cuts target price to 22p from 26p; rating neutral 
    * Arrow Global  ARWA.L : Panmure raises price target to 360p from 335p; rating buy 
    * BASF  BASFn.DE : Kepler Cheuvreux cuts target price to 75 euros from 84 euros; rating hold 
    * BHP Billiton Plc  BLT.L : Citigroup raises to buy from neutral 
    * Boliden AB  BOL.ST : Citigroup raises to buy from neutral 
    * Central Asia Metals  CAML.L : Investec cuts target price to 241p from 243p; rating buy 
    * Chemring  CHG.L : Westhouse cuts target price to 130p from 140p; rating sell 
    * CHR Hansen  CHRH.CO : Nordea Equity Research cuts target of Dkk 245 from Dkk 250; hold 
    * Cineworld  CINE.L : Canaccord Genuity cuts target price to 450p; rating buy 
    * Circle Oil  COPU.L : Macquarie starts with outperform 
    * COM HEM Holding AB  COMH.ST : Citigroup starts with neutral; target price of Sek 54 
    * Dairy Crest  DCG.L : SocGen raises to hold from sell 
    * Danone  DANO.PA : JP Morgan cuts to underweight from neutral 
    * Danone  DANO.PA : JP Morgan cuts price target to 48 euros from 53 euros 
    * DJI Holdings  DJI.L : Canaccord Genuity starts with hold; price target 152p 
    * DNO ASA  DNO.OL : Swedbank raises to buy from neutral 
    * DNO ASA  DNO.OL : Swedbank raises price target to Nok 28 from Nok 22 
    * Endesa  ELE.MC : SocGen raises to buy from hold rating 
    * Energa SA  ENGP.WA : JP Morgan cuts to neutral from overweight 
    * Enel  ENEI.MI : SocGen raises to buy from hold 
    * Enel  ENEI.MI : SocGen raises target price to 4.8 euros from 4.4 euros 
    * Essentra Plc  ESNT.L : Deutsche Bank raises price target to 920p from 900p 
    * Ferrexpo Plc  FXPO.L : Citigroup cuts price target to 135p from 170p 
    * Fresnillo  FRES.L : Citigroup raises to neutral from sell; cuts target to 798p from 848p 
    * Friends Life  FLG.L : Canaccord Genuity raises target price to 340P 
    * Friends Life  FLG.L : Canaccord Genuity raises to buy rating 
    * Gazprom  GAZPq.L : JP Morgan cuts price target to $11.10 from $12.80; rating overweight  
    * GEA Group  G1AG.DE : Barclays raises to overweight from equal weight 
    * GEA Group  G1AG.DE : Barclays raises target price to 40 euros from 36 euros 
    * Genmab  GEN.CO : Danske Bank raises target price to Dkk 320 from Dkk 310; rating buy 
    * Gerresheimer  GXIG.DE : Kepler Cheuvreux cuts to reduce from hold 
    * Hargreaves Lansdown Plc  HRGV.L : RBC cuts price target to 1075p from 1650p 
    * Hargreaves Lansdown Plc  HRGV.L : RBC cuts to sector perform from outperform 
    * Heijmans NV  HEIJ.AS : Kepler Cheuvreux raises to buy from reduce  
    * Heijmans NV  HEIJ.AS : Kepler Cheuvreux raises target price to 18 euros from 6 euros 
    * Hennes & Mauritz  HMb.ST : S&P Capital IQ raises target price to Sek 314 from Sek 300 
    * Hochschild Mining Plc  HOCM.L : Citigroup cuts price target to 119p from 123p; rating sell 
    * Italcementi  ITAI.MI : Berenberg raises to buy from sell rating 
    * Italcementi  ITAI.MI : Berenberg raises target price to 6.30 euros from 6 euros 
    * J Sainsbury Plc  SBRY.L : JP Morgan cuts target to 225p from 280p; rating underweight 
    * Kuehne & Nagel  KNIN.VX : UBS cuts target price to Sfr 122 from Sfr 125; rating neutral 
    * Lanxess  LXSG.DE : Exane BNP Paribas cuts target price to 55 euros; rating outperform 
    * Legrand SA  LEGD.PA : JP Morgan cuts target to 45.50 euros from 46.50 euros; neutral  
    * Lonmin  LMI.L : Citigroup cuts target price to 218p; rating neutral   
    * Lonmin  LMI.L : Liberum raises to hold rating 
    * Lonmin  LMI.L : Citigroup cuts price target to 218p from 246p; rating neutral 
    * Lundin Mining  LUMIsdb.ST : Citigroup raises to buy; raises target to Sek 45 from Sek 41 
    * Michelin  MICP.PA : Credit Suisse cuts target to 92 euros from 97 euros; rating neutral  
    * Nexans SA  NEXS.PA : JP Morgan cuts target to 32 euros from 35 euros; rating underweight  
    * Nobia  NOBI.ST : Danske Bank raises to hold rating 
    * NordGold  NORDNq.L : Citigroup cuts to sell from neutral; cuts target to $1.32 from $1.58 
    * Norsk Hydro  NHY.OL : Citigroup raises to buy from neutral; target to Nok 43 from Nok 38 
    * Northam Platinum  NHMJ.J : Citigroup cuts target price to Rand 45; rating neutral  
    * Novatek  NVTKq.L : JP Morgan raises to overweight; raises price target to $138 from $134  
    * Oerlikon  OERL.S : UBS cuts target price to Sfr 16 from Sfr 16.50; rating buy 
    * Petropavlovsk Plc  POG.L : Citigroup cuts to sell from neutral; target to 26p from 45p 
    * PGE  PGE.WA : JP Morgan cuts price target to Pln 18.20 from Pln 18.80; rating underweight  
    * Philips  PHG.AS : Rabobank raises target price to 29 euros from 26.50 euros; rating buy 
    * Pirelli  PECI.MI : Credit Suisse raises target to 15 euros from 14.5 euros; outperform 
    * PKP Cargo  PKPP.WA : Socgen starts with a buy rating; Pln 97 target price 
    * Polski Holding  PHN.WA : UBS cuts target price to Pln 26; rating neutral 
    * Polymetal  POLYP.L : Citigroup cuts price target to 445p from 450p; rating sell 
    * Polyus Gold  PGIL.L : Citigroup cuts price target to 194p from 202p; rating neutral 
    * PostNL NV  PTNL.AS : Citigroup raises to neutral from sell 
    * Prysmian SpA  PRY.MI : JP Morgan cuts target to 17 euros from 18.50 euros; rating neutral  
    * PZU SA  PZU.WA : Credit Suisse raises target to Pln 423 from Pln 422; rating underperform 
    * RandGold Resources Ltd  RRS.L : Citigroup cuts target to 4820p from 5084p; rating neutral 
    * Reckitt Benckiser  RB.L : Morgan Stanley raises target to 5600p from 5100p; equal-weight 
    * Red Electrica  REE.MC : Macquarie raises target price by 13 pct to euros 62 
    * Rio Tinto  RIO.L : Citigroup cuts price target to 3600p from 3850p; rating buy 
    * Rotork  ROR.L : Exane BNP Paribas cuts to underperform from neutral 
    * Royal Bafokeng Platinum Ltd  RBPJ.J : Citigroup raises to buy from neutral   
    * Sainsbury  SBRY.L : Deutsche Bank cuts price target to 275p from 330p 
    * Sainsbury  SBRY.L : HSBC cuts target price to 235p from 280p; rating underweight 
    * Schneider Electric  SCHN.PA : JP Morgan cuts target to 72 euros from 75 euros; overweight 
    * SEB  SEBa.ST : Deutsche Bank raises price target to Sek 102 from Sek 100 
    * Snam  SRG.MI : Kepler Cheuvreux raises target price to 4.6 euros; rating hold 
    * Spectris  SXS.L : Exane BNP Paribas cuts to neutral from outperform  
    * Stora Enso  STERV.HE : Inderes raises to buy from increase, target unchanged At 7.60 euros 
    * Stroeer Media AG  SAXG.DE : Commerzbank raises target to 22 euros from 20 euros;rating buy 
    * Surface Transforms  SCEU.L : Cantor re-instates with buy rating 
    * Swiss Life  SLHN.VX : Vontobel raises price target to Sfr 270 
    * TDC A/S  TDC.CO : Citigroup raises to buy from neutral  
    * Tele2  TEL2b.ST : Barclays raises target price to Sek 85 from Sek 80; rating equal weight 
    * Telecom Italia  TLIT.MI : JP Morgan resumes with overweight rating 
    * Telecom Italia  TLIT.MI : JP Morgan resumes coverage with overweight; target 1 euro 
    * Telenor ASA  TEL.OL : Citigroup raises target to Nok 155 from Nok 140; rating neutral  
    * TeliaSonera  TLSN.ST : Citigroup raises to buy from neutral; target to Sek 58 from Sek 51 
    * TNT Express NV  TNTE.AS : Citigroup cuts target to 5.43 euros from 6.30 euros; neutral 
    * Txcell  TXCL.PA : SocGen raises to buy from hold rating 
    * UK Mail Group  UKM.L : Investec revises to add from buy 
    * ULS Technology  ULS.L : Numis starts with buy; price target 60P 
    * Vesuvius Plc  VSVS.L : Numis cuts to hold from add 
    * Wolseley Plc  WOS.L : Raymond James raises to market perform from underperform 
    * Zumtobel  ZUMV.VI : JP Morgan cuts target to 19.30 euros from 20.40 euros; overweight  
 
 
 
 (Compiled by Eileen Anupa Soreng and Jai Ganesh in Bangalore) 
 ((eileen.soreng@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. + 91 80 6749 
6131; Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/