Europe Research Roundup: LVMH, United Utilities, Aperam

Arbonia AG

24/03/2016 12:14

March 24 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Alrosa, Helvetia and Cegedim, on Thursday.  
     
     
    HIGHLIGHTS  
     * Aperam  APAM.AS : RBC cuts to sector perform from outperform 
     * United Utilities Group Plc  UU.L : HSBC cuts to hold from buy    
     * Cegedim  CGDM.PA : SocGen raises to buy from hold 
     * Helvetia  HELN.S : UBS, Deutsche Bank, Credit Suisse downgrade the stock  
     * Alrosa  ALRS.MM : JP Morgan raises to overweight from neutral 
  
         
Following is a summary of research actions on European companies reported by Reuters on Thursday. 
Stock entries are in alphabetical order. 
 
        
 
     * ACS  ACS.MC : Goldman Sachs cuts target price to 29.6 euros from 33 euros   
     * AFG Arbonia Forster Holding  AFGN.S :Berenberg raises target to Sfr 12.30 from Sfr 10.70 
     * Alrosa  ALRS.MM : JP Morgan raises to overweight from neutral; target to 83 roubles  
     * Anadolu Efes  AEFES.IS : HSBC raises target price to Tl 20.8 from Tl 20.2; rating hold 
     * Aperam  APAM.AS : RBC cuts to sector perform from outperform 
     * Arcelik AS  ARCLK.IS : HSBC raises target price to Tl 19.4 from Tl 18.6; rating hold 
     * AstraZeneca Plc  AZN.L : Deutsche Bank cuts target price to 5600p from 5700p   
     * Aviva Plc  AV.L : Berenberg raises target price to 440p from 417p; rating sell 
     * Aviva Plc  AV.L : Exane BNP Paribas starts with underperform   
     * Avon Rubber Plc  AVON.L : Panmure starts with buy; price target of 964p 
     * Axel Springer SE  SPRGn.DE : Kepler Cheuvreux cuts target to 51 euros from 54 euros 
     * BB Biotech AG  BIONn.DE : Independent Research cuts target price to 235.00 euros; hold 
     * Bellway Plc  BWY.L : Goldman Sachs raises target price to 3,590p from 3,485p   
     * Berkeley Group Holdings  BKGH.L : Goldman Sachs cuts target price to 4,000p from 4,100p   
     * BIM  BIMAS.IS : HSBC cuts to hold from buy 
     * Braas Monier  BMSA.DE : Goldman Sachs cuts target price to 31 euros from 32 euros   
     * Bunzl Plc  BNZL.L : HSBC raises target price to 2140p from 2000p; rating buy 
     * Capita Plc  CPI.L : RBC raises to sector perform from underperform   
     * Cegedim SA  CGDM.PA : SocGen cuts target price to 29 euros from 30 euros 
     * Cegedim SA  CGDM.PA : SocGen raises to buy from hold 
     * Chemring Group Plc  CHG.L : JP Morgan cuts target price to 135p from 195p; neutral 
     * Coca-Cola Icecek AS  CCOLA.IS : HSBC raises target price to Tl 45 from Tl 43; rating buy 
     * Constellation Healthcare Technologies Inc  CHT.L : Stifel resumes with buy; target 271p   
     * Countryside Properties Plc  CSPC.L : Barclays starts with overweight rating; 297p target 
     * Countryside Properties Plc  CSPC.L : JP Morgan starts with overweight; price target 280p 
     * Countrywide Plc  CWD.L : Goldman Sachs cuts target price to 465p from 498p   
     * Credit Suisse  CSGN.S : Natixis cuts target price to Sfr 16 from Sfr 16.5   
     * Credit Suisse Group AG  CSGN.S : Morgan Stanley cuts target to Sfr 18.40; equal weight   
     * CRH Plc  CRH.I : Goldman Sachs cuts target price to 32 euros from 34 euros   
     * Davide Campari Milano  CPRI.MI : Barclays raises target to 8.25 euros from 7.20 euros 
     * Davide Campari Milano SpA  CPRI.MI : Barclays raises to equal weight from underweight   
     * Diploma Plc  DPLM.L : Jefferies raises target price to 835p from 825p; rating buy   
     * Diploma Plc  DPLM.L : Numis raises price target to 760p; rating hold   
     * Do & Co  DOCO.IS : HSBC raises target price to Tl 380 from Tl 355; rating buy  
     * Dogus Otomotiv  DOAS.IS : HSBC raises target price to Tl 14 from Tl 12  
     * Dogus Otomotiv  DOAS.IS : HSBC raises to buy from hold  
     * Dufry AG  DUFN.S : Natixis cuts target price to Sfr 155 from Sfr 160   
     * E.ON SE  EONGn.DE : Jefferies cuts target price to 9.50 euros from 10.50 euros;  buy 
     * Eckert & Ziegler Strahlen Und Medizintechnik  EUZG.DE : DZ Bank cuts target to 21 euros  
     * EDF  EDF.PA : JP Morgan cuts target price to 10 euros from 22 euros; rating neutral 
     * Elmos Semiconductor AG  ELGG.DE : Deutsche Bank cuts target price to 12 euros;  hold   
     * Enel  ENEI.MI : Kepler Cheuvreux raises target price to 4.4 euros from 4.2 euros; buy   
     * Enterprise Inns Plc  ETI.L : Canaccord Genuity raises target price to 85p from 75p; hold   
     * Feintool  FTON.S : Vontobel raises target price to Sfr 110 from Sfr 105; rating buy   
     * Ford Otosan  FROTO.IS : HSBC cuts to hold from buy;raises target to Tl 43.5 from Tl 39.4 
     * Foxtons  FOXT.L : Goldman Sachs cuts target price to 198p from 227p   
     * Fraport  FRAG.DE : RBC cuts target price to 55 euros from 65 euros   
     * Fraport  FRAG.DE : RBC cuts to sector perform from outperform   
     * Fresnillo Plc  FRES.L : Goldman Sachs cuts to sell from buy; cuts target to 700p  
     * Gem Diamonds Ltd  GEMD.L : Stifel cuts target price to 182p from 192p   
     * Gjensidige  GJFS.OL : Exane BNP Paribas cuts to underperform from neutral   
     * Glencore Plc  GLEN.L : RBC raises target price to 180p from 135p 
     * GN Store Nord  GN.CO : JP Morgan cuts target price to Dkk 179 from Dkk 182; overweight 
     * Great Portland Estates Plc  GPOR.L : Numis raises to buy   
     * Hansteen Holdings Plc  HSTN.L : Stifel raises to buy from hold   
     * Heidelbergcement  HEIG.DE : UBS cuts to neutral from buy;raises target price to 76 euros  
     * Hellenic Exchanges  EXCr.AT : Euroxx Securities cuts target price to 5 euros;equalweight   
     * Hellenic Petroleum Sa  HEPr.AT : Deutsche Bank cuts target to 4.10 euros from 7.20 euros  
     * Hellenic Petroleum sa  HEPr.AT : Deutsche Bank cuts to hold from buy  
     * Helvetia Holding AG  HELN.S : Credit Suisse cuts to neutral from outperform 
     * Helvetia Holding AG  HELN.S : Credit Suisse raises target price to Sfr 615 from Sfr 590 
     * Helvetia Holding AG  HELN.S : UBS cuts to neutral from buy   
     * Henry Boot Plc  BHY.L : Investec raises target price to 294p from 292p; rating buy   
     * HIAG Immobilien Holding  HIAG.S :Credit Suisse raises target price to Sfr 94 from Sfr 88 
     * Hikma Pharmaceuticals Plc  HIK.L : Citigroup resumes with buy rating; 2300p target price 
     * Hochtief AG  HOTG.DE : Goldman Sachs raises target price to 112.6 euros from 106.5 euros   
     * Howden Joinery  HWDN.L : Goldman Sachs cuts target price to 515p from 560p   
     * Hugo Boss AG  BOSSn.DE : HSBC cuts target price to 68 euros from 100 euros; rating buy 
     * Hunting  HTG.L : HSBC raises target price to 315p from 275p; rating hold 
     * Id Logistics Sas  IDLA.PA : Berenberg cuts target price to 142 euros from 145 euros; buy   
     * Italcementi  ITAI.MI : Goldman Sachs raises target price to 10.2 euros from 10 euros   
     * James Fisher and Sons Plc  FSJ.L : Canaccord Genuity raises target price to 1300p; hold   
     * Jumbo Group  BABr.AT : HSBC raises target price to 13 euros from 11 euros; rating buy  
     * Jungheinrich AG  JUNG_p.DE : Deutsche Bank raises target price to 85 euros from 76 euros   
     * Kingfisher Plc  KGF.L : SocGen raises target price to 359p from 333p 
     * Kingfisher Plc  KGF.L : SocGen raises to hold from sell 
     * Kone  KNEBV.HE : UBS raises target price to 27 euros from 25 euros; rating sell 
     * Lafargeholcim Ltd  LHN.S : Goldman Sachs cuts target price to Sfr 54.5 from Sfr 55.8   
     * Lamprell Plc  LAM.L : JP Morgan cuts target price to 122p from 131p; rating overweight 
     * Lancashire Holdings Ltd  LRE.L : RBC cuts target price to 500p from 550p; underperform   
     * Lanxess AG  LXSG.DE : BANKHAUS LAMPE cuts target price to 47 euros from 49 euros; buy   
     * Lastminute.Com NV  LMN.S : Credit Suisse cuts target price to Sfr 10.70 from Sfr 15 
     * Legal & General Group Plc  LGEN.L : Exane BNP Paribas starts with outperform   
     * Lenzing AG  LENV.VI : Deutsche Bank raises target price to 72 euros; rating hold   
     * Leoni AG  LEOGn.DE : Credit Suisse cuts target price to 36 euros from 43 euros   
     * Leoni AG  LEOGn.DE : DZ Bank raises target price to eur 29.00 from eur 26.00, rating hold 
     * LVMH  LVMH.PA : Credit Suisse raises target price to 168 euros from 145 euros 
     * LVMH  LVMH.PA : Credit Suisse raises to outperform from neutral 
     * Mapfre  MAP.MC : Exane BNP Paribas raises to neutral from underperform   
     * Megafon  MFON.MM : HSBC cuts target price to 740 roubles from 875 roubles; rating hold 
     * Melrose Industries Plc  MRON.L : Credit Suisse raises target price to 380p from 310p 
     * Metall Zug AG  METN.S : Vontobel raises target price to Sfr 3300 from Sfr 3000; buy   
     * Meyer Burger  MBTN.S : Haitong Research cuts fair value to Sfr 4.5 from Sfr 6.3; neutral   
     * Migros  MGROS.IS : HSBC raises target price to Tl 21 from Tl 20; rating buy 
     * Mitie  MTO.L : Peel Hunt cuts target price to 254p from 261p; rating sell   
     * Mitie Group Plc  MTO.L : Canaccord Genuity cuts target price to 300p from 320p; buy   
     * Mitie Group Plc  MTO.L : Liberum cuts target price to 250p from 300p; rating hold   
     * MOL Plc  MOLB.BU : Deutsche Bank raises target price to Huf 15,500 from Huf 14,000  
     * MTS  MTSS.MM : Deutsche Bank raises target price to 233 roubles from 218 roubles; hold 
     * MTS  MTSS.MM : HSBC cuts target price to 270 roubles from 284 roubles; rating buy 
     * NN Group NV  NN.AS : HSBC adjusts target price to 35.4 euros from 35 euros 
     * Parkmead Group Plc  PMG.L : Panmure cuts target price to 100p from 105p; rating buy   
     * Pernod Ricard  PERP.PA : Exane BNP Paribas cuts to neutral from outperform   
     * Pernod Ricard  PERP.PA : JP Morgan cuts target price to 96 euros from 98 euros; neutral 
     * Pfeiffer Vacuum  PV.DE : DZ Bank raises target to 118.00 euros from 115.00 euros; buy   
     * Pfeiffer Vacuum  PV.DE : Kepler Cheuvreux raises target price to 106.50 euros  
     * PGNIG  PGN.WA : Deutsche Bank cuts target price to Pln 4.50 from Pln 5.10 
     * Phoenix Group  PHNX.L : Deutsche Bank raises target price to 1,000p; rating hold   
     * Phoenix Group  PHNX.L : JP Morgan raises target price to 942p from 888p 
     * Phosagro  PHORq.L : Renaissance Capital raises target price to $20 from $18; rating buy 
     * PKN Orlen  PKN.WA : Deutsche Bank cuts target price to Pln 80 from Pln 87 
     * Premier Foods Plc  PFD.L : SocGen raises target price to 60p; rating hold 
     * Prudential Plc  PRU.L : Exane BNP Paribas starts with outperform rating   
     * Public Service Properties  PSPI.L : STOCKDALE cuts to neutral from add   
     * Redrow Plc  RDW.L : Goldman Sachs raises target price to 595p from 585p   
     * Relx Plc  REL.L : Credit Suisse raises target price to 1210p from 1110p; rating neutral  
     * Remy Cointreau  RCOP.PA : JP Morgan raises target price to 65 euros from 63 eurol 
     * Rheinmetall AG  RHMG.DE : Berenberg raises target price to 75 euros from 69 euros; buy   
     * Richemont  CFR.S : Credit Suisse cuts to neutral; target to Sfr 70 from Sfr 80 
     * Rushydro  HYDR.MM : Renaissance Capital raises target price to 0.33 Roubles; rating sell   
     * RWE  RWEG.DE : RBC raises to sector perform from underperform; target price to 12 euros 
     * Saint-Gobain  SGOB.PA : Goldman Sachs cuts target price to 40.5 euros from 44.8 euros   
     * Sgl Carbon SE  SGCG.DE : Kepler Cheuvreux cuts target to 7.50 euros from 8 euros;reduce   
     * Skanska  SKAb.ST : Goldman Sachs raises target price to Sek 166 from Sek 157   
     * Skanska AB  SKAb.ST : HSBC raises target price to Sek 185 from Sek 175; rating hold 
     * Spire Healthcare Group Plc  SPI.L : JP Morgan raises target price to 433p from 409p 
     * Standard Life Plc  SL.L : Exane BNP Paribas starts with neutral   
     * Strabag SE  STRV.VI : HSBC raises to hold from reduce; target to 28 euros from 20 euros  
     * Suez Environnement  SEVI.PA : JP Morgan raises target price to 15 euros from 14 euros 
     * Swedish Match AB  SWMA.ST : UBS cuts to neutral from buy; target to Sek 280 from Sek 312 
     * Ted Baker Plc  TED.L : Canaccord Genuity cuts target price to 3571p from 3705p; buy   
     * Teknosa  TKNSA.IS : HSBC cuts target price to Tl 6.1 from Tl 7 
     * Terreis SA  TERR.PA : Natixis raises target price to 32 euros from 28.5 euros   
     * Tofas  TOASO.IS : HSBC cuts to hold from buy 
     * Tofas  TOASO.IS : HSBC raises target price to Tl 25.6 from Tl 24.7 
     * Travis Perkins Plc  TPK.L : Goldman Sachs cuts target price to 2,236p from 2,307p   
     * Tupras  TUPRS.IS : Renaissance Capital cuts to hold from buy 
     * Turk Traktor  TTRAK.IS : HSBC raises target price to Tl 95 from Tl 87.6 
     * Ulker Biskuvi  Ulker.IS : HSBC raises target price to Tl 23.5 from Tl 21; rating hold 
     * United Utilities Group Plc  UU.L : HSBC cuts target price to 980p from 1000p 
     * United Utilities Group Plc  UU.L : HSBC cuts to hold from buy 
     * Veolia  VIE.PA : JP Morgan raises target price to 16 euros from 12 euros; underweight 
     * Vivendi  VIV.PA : JP Morgan cuts target price to 21.20 euros from 21.60 euros;overweight 
     * Vivendi  VIV.PA : UBS cuts target price to 18.5 euros from 20 euros; rating neutral 
     * William Hill Plc  WMH.L : Canaccord Genuity cuts target price to 365p from 420p; hold   
     * William Hill Plc  WMH.L : Credit Suisse cuts target price to 425p from 500p; outperform   
     * William Hill Plc  WMH.L : UBS cuts target price to 310p from 365p; rating sell 
     * William Hill Plc  WMH.L : Credit Suisse removes from Small and Mid-Cap focus list.  
     * Wolseley Plc  WOS.L : Goldman Sachs cuts target price to 4,370p from 4,430p 
     * Wolters Kluwer NV  WLSNc.AS : Nomura raises to buy 
     * Workspace Group Plc  WKP.L : Numis cuts to hold   
     * X5 Retail Group NV  PJPq.L : Goldman Sachs raises target price to $28.3 from $25.4; buy   
  
 
 (Compiled by Geetha Panchaksharam in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/