EUROPE RESEARCH ROUNDUP: EADS, Hugo Boss, Iberdrola, WM Morrison

Anadolu Hayat Emeklilik

21/10/2013 18:38

Oct 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Iberdrola and EADS, on Monday.  HIGHLIGHTS * Luxury: Goldman Sachs downgrades Hugo Boss  BOSSn.DE , others  ID:nWNBB030IQ  * WM Morrison  MRW.L : Deutsche Bank cuts to sell from hold; target to 250p from 277p  * Aerospace & Defence: Citigroup ups targets on EADS  EAD.PA , others  ID:nWNBB030II  * Iberdrola SA  IBE.MC : Credit Suisse cuts to neutral from outperform * Britvic  BVIC.L : SocGen cuts to hold from buy * Fortum Oyj  FUM1V.HE : ESN/Pohjola cuts to reduce from hold Following is a summary of research actions on European companies reported by Reuters on Monday. Stock entries are in alphabetical order.    * Aareal Bank  ARLG.DE : DZ Bank raises target to 26 euros from 21 euros; rating hold * Accor SA  ACCP.PA : JP Morgan raises target to 37 euros from 33 euros; rating overweight * Actelion  ATLN.VX : Jefferies raises target price to Sfr 79 from Sfr 71; rating  * Actelion  ATLN.VX : JP Morgan raises target price to Sfr 65 from Sfr 60; rating neutral * Actelion Ltd  ATLN.VX : Deutsche Bank raises target to Sfr 72 from Sfr 70; rating buy * Adidas  ADSGn.DE : Goldman Sachs raises price target to 115.3 euros from 104 euros; buy * adidas AG  ADSGn.DE : HSBC cuts target price to 93 euros from 95 euros; rating overweight * Aegon NV  AEGN.AS : Morgan Stanley raises target to 7 from 6.80 euros; ratingoverweight * Aggreko  AGGK.L : Berenberg cuts target price to 1440p from 1720p; rating hold * Aixtron SE  AIXGn.DE : Deutsche Bank cuts to hold from buy * Alliance Oil  AOILsdb.ST : SEB Equity Research cuts fair value by Sek 5 to Sek 55 * Alliance Oil  AOILsdb.ST : SEB Equity Research cuts to sell from buy  * Anadolu Hayat Emeklilik  ANHYT.IS : JP Morgan starts with overweight; target Tl 6.01 * Andor Technology  ANTE.L : WH Ireland raises target to 435p from 420p; rating outperform * ArcelorMittal  ISPA.AS : Deutsche Bank raises to buy from hold * Atlas Copco  ATCOa.ST : SocGen cuts to sell from hold * Autogrill SpA  AGL.MI : JP Morgan raises to overweight from neutral * BAE Systems  BAES.L : Citigroup raises target price to 460p from 360p; rating neutral  * Bhp Billiton  BLT.L : JP Morgan cuts target price to 2300p from 2345p; rating neutral * Britvic  BVIC.L : SocGen cuts to hold from buy * Brunello Cucinelli  BCU.MI : Goldman Sachs raises target to 23.7 euros from 18.3; neutral  * Burberry  BRBY.L : Goldman Sachs raises price target to 2282p from 2181p; rating buy  * Cap Gemini SA  CAPP.PA : Natixis raises target to 40 euros from 37 euros; rating neutral * Carrefour  CARR.PA : Raymond James raises target to 30 from 27 euros; rating outperform * Cobham  COB.L : Citigroup raises target price to 285p from 250p; rating neutral * Debenhams  DEB.L : Morgan Stanley raises to overweight from equal weight  * Debenhams  DEB.L : Morgan Stanley raises price target to120p from 100p * Deutsche Boerse  DB1Gn.DE : Deutsche Bank raises target to 57 euros from 51 euros; hold * DNB  DNB.OL : RBC raises price target to Nok 105 from Nok 100; rating outperform  * Dno International  DNO.OL : JP Morgan starts with neutral rating; target price Nok 17.50 * EADS  EAD.PA : Citigroup raises target price to 55 euros from 48.50 euros; rating buy  * Econocom  EBAB.BR : ING raises price target to 8 euros from 7.50 euros; rating buy * EDP  EDP.LS : JP Morgan cuts to neutral from overweight * Elementis  ELM.L : Berenberg cuts target price to 285p from 290p; rating  * Ericsson  ERICb.ST : SocGen raises target price to Sek 72 from Sek 70; rating sell * Essilor Int'l  ESSI.PA : Berenberg raises target to 82 euros from 77 euros; rating hold * Eutelsat  ETL.PA : S&P Capital starts with hold rating, 23 euros price target * Fonciere des Regions  FDR.PA : Exane BNP Paribas cuts to neutral from outperform * Fortum Oyj  FUM1V.HE : ESN/Pohjola cuts to reduce from hold * Fortum Oyj  FUM1V.HE : ESN/Pohjola raises target price to 16 euros from 15 euros  * Geox  GEO.MI : Goldman Sachs raises price target to 1.90 euros from 1.67 euros; sell  * GFK SE  GFKG.DE : Natixis raises to buy from neutral * Havas  EURC.PA : Morgan Stanley raises target to 5.50 euros from 4 euros; underweight * Hermes  HRMS.PA : Goldman Sachs raises target to 312.4 euros from 304.4 euros; neutral  * Hugo Boss  BOSSn.DE : Goldman Sachs cuts price target to 99.9 euros from 107.1 euros  * Hugo Boss  BOSSn.DE : Goldman Sachs cuts to sell from neutral  * Iberdrola SA  IBE.MC : Credit Suisse cuts to neutral from outperform * Informa  INF.L : Canaccord Genuity raises target price to 600p from 560p; rating buy * Ipsos  ISOS.PA : Natixis ups to neutral from reduce; raises target to 29 euros from 23.8 * J Sainsbury  SBRY.L : Deutsche Bank raises price target to 425p from370p; rating hold * Jcdecaux  JCDX.PA : Morgan Stanley raises target to 28.50 euros from 22.25; equal weight * Jcdecaux  JCDX.PA : HSBC raises target to 25 euros from 19 euros; rating underweight * JSW  JSW.WA : Goldman Sachs ups target to Pln 64 from Pln 59; sell  * JSW  JSW.WA : SocGen cuts target to Pln 66 from Pln 67; rating sell    * Kering  PRTP.PA : Goldman Sachs raises target to 217.1 euros from 210.9 euros; neutral  * Kontron AG  KBCG.DE : ESN/Equinet Bank cuts to hold from accumulate * Luxottica  LUX.MI : Goldman Sachs cuts to sell from neutral  * Luxottica  LUX.MI : Goldman Sachs raises target to 38.3 euros from 37.8 euros  * Man Group  EMG.L : Exane BNP Paribas raises to neutral from underperform * Meggitt  MGGT.L : Citigroup raises target price to 550p from 500p; rating neutral  * Mobistar  MSTAR.BR : ESN/Bank Degroof raises target to 14 euros from 12.20; rating hold * MTS  MTSS.MM : Deutsche Bank cuts to hold from buy * MTU Aero Engines Ag  MTXGn.DE : Citigroup cuts target to 70 euros from 75 euros; neutral  * Mulberry  MUL.L : Goldman Sachs raises price target to 1406.4p from 1392p; rating buy  * Munich Re  MUVGn.DE : Helvea Baader Bank raises target to 153 euros from 150 euros; hold * New World Resources  NWRR.L : Goldman Sachs raises target to 44.4p from 42p; rating sell  * Nexans SA  NEXS.PA : JP Morgan cuts target to 27 euros from 31 euros; rating underweight * Next Radio TV SA  NXTV.PA : HSBC raises target to 22 euros from 16 euros; overweight * Nordea Bank AB  NDA.ST : RBC raises price target to Sek 82 from Sek 78; rating outperform  * Novatek  NVTKq.L : JP Morgan cuts to neutral from overweight * Nutreco  NUO.AS : ING cuts price target to 39.50 euros from 40 euros; rating buy * OMV AG  OMVV.VI : S&P Capital starts with sell rating, price target 34 euros    * OPAP  OPAr.AT : Morgan Stanley cuts to underweight from equal weight * OPAP  OPAr.AT : Morgan Stanley raises target price to 7.50 euros from 6.50 euros * Orange SA  ORAN.PA : Jefferies raises target price to 12 euros from 11 euros; rating buy * Pandora  PNDORA.CO : Goldman Sachs raises target to Dkk 267.7 from Dkk222; rating neutral * Polska Grupa Energetyczna  PGE.WA : SocGen raises target to Pln 19.60 from Pln 18.50; buy * PostNL  PTNL.AS : UBS raises price target to 4 euros from 3.4 euros; rating buy * Provident Financial  PFG.L : Shore Capital raises to buy from hold * Publicis Groupe  PUBP.PA : JP Morgan cuts target to 71.50 euros from 72.40; overweight * Raspadskaya  RASP.MM : Goldman Sachs raises target to 35 roubles from 33 roubles; neutral * Record  RECL.L : JP Morgan raises target price to 45p from 40p; rating overweight * Remy Cointreau  RCOP.PA : Citigroup cuts target to 76 euros from 83 euros; rating neutral * REN  RENE.LS : Goldman Sachs cuts target to 1.9 euros from 2.3 euros * REN  RENE.LS : Goldman Sachs cuts to sell from neutral * Richemont  CFR.VX : Goldman ups target to 126.4euros from 120.5euros; conviction list buy  * Rolls-Royce Holdings  RR.L : Citigroup raises target to 1280p from 1200p; rating buy  * Safran  SAF.PA : Citigroup raises target price to 52 euros from 49.50 euros; rating buy  * Salvatore Ferragamo  SFER.MI : Goldman Sachs raises target to 34.3 euros from 33.8; buy  * SAP  SAPG.DE : Jefferies raises target price to 60 euros from 53.88 euros; rating hold  * SEB  SEBa.ST : RBC raises price target to Sek 67 from Sek 65; rating sector perform * Senior  SNR.L : N+1 Singer raises to buy from hold * SES SA  SESFg.LU : S&P Capital starts with buy rating, price target 26 euros  * Shanta Gold  SHAN.L : Peel Hunt raises target price to 22p; rating buy * Spectris  SXS.L : JP Morgan raises target price to 2540p from 2455p; rating overweight * ST Ives  SIV.L : N+1 Singer raises target price to 211p; keeps buy rating * ST Ives  SIV.L : Numis starts with buy; price target 228p * Stada Arzneimittel  STAGn.DE : Helvea Baader Bank ups target to 46 euros from 42; buy * Stroeer  SAXG.DE : Morgan Stanley raises target to 14.25 euros from 8.75; equal weight * Sulzer AG  SUN.S : UBS cuts price target to Sfr 130 from Sfr 145; rating neutral * Swatch Group  UHR.VX : Goldman Sachs cuts target to 766.7 euros from 769.5; rating buy  * Synergy Health  SYR.L : Numis raises to buy from add * Syngenta AG  SYNN.VX : Vontobel cuts price target to Sfr 385 from Sfr 390; rating hold * Takkt AG  TTKG.DE : Berenberg cuts price target to 15.50 euros from 16 euros; rating buy * Takkt AG  TTKG.DE : Commerzbank raises price target to 16 euros from 13 euros * Takkt AG  TTKG.DE : Commerzbank raises to buy from hold  * TeliaSonera  TLSN.ST : Exane BNP Paribas cuts to neutral from outperform * TeliaSonera AB  TLSN.ST : Citigroup ups to neutral; target to Sek 51 from Sek 40.50 * Thales  TCFP.PA : Citigroup raises target price to 50 euros from 36.50euros; rating buy * Tieto Oyj  TIE1V.HE : ESN/Pohjola cuts to reduce from hold * Tieto Oyj  TIE1V.HE : ESN/Pohjola cuts to reduce from hold * TNT Express  TNTE.AS : UBS cuts to neutral from buy * Tod's  TOD.MI : Goldman Sachs cuts to sell from neutral * Tod's  TOD.MI : Goldman Sachs raises target price to 126.9 euros from 125 euros  * Tracsis  TRCS.L : Wh Ireland raises price target to 220p from 190p; rating buy * Travis Perkins  TPK.L : UBS raises price target to 1960p from 1825p; rating buy * Turkcell  TCELL.IS : UBS cuts to neutral from buy * Valeo SA  VLOF.PA : Deutsche Bank raises target to 80 euros from 65 euros; rating buy * Volkswagen  VOWG_p.DE : HSBC raises target to 210 euros from 191 euros; rating overweight * WM Morrison Supermarkets  MRW.L : Deutsche Bank cuts to sell from hold  * WM Morrison Supermarkets  MRW.L : Deutsche Bank cuts price target to 250p from 277p  * Wolfson  WLF.L : N+1 Singer cuts to hold from buy * Wolseley  WOS.L : RBC raises price target to 3450p from 2900p; rating sector perform * Ziggo  ZIGGO.AS : Deutsche Bank raises target to 30 euros from 24.50 euros; rating hold (Compiled by Rachel Chitra and Aby Jose Koilparambil in Bangalore) ((AbyJose.Koilparambil@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1130)(Reuters Messaging: abyjose.koilparambil@thomsonreuters.com)) Keywords: RESEARCH EUROPE/