Europe Research Roundup: Volvo, Swatch Group, Total, ASOS Plc
05/06/2014 12:45
June 5 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Volvo, Coca-Cola Icecek and Alpha Bank, on Thursday.
HIGHLIGHTS
* Volvo VOLVb.ST : UBS, SocGen downgrade the stock
* Greek Banks: Deutsche Bank raises Alpha Bank ACBr.AT , NBG NBGr.AT to buy
* Swatch Group UHR.VX : Bryan Garnier cuts to neutral; JP Morgan, Nomura cut target price
* PGE PGE.WA : UBS cuts to sell from neutral; raises target price to Pln 19 from Pln 15.50
* BHP Billiton BLT.L : RBC cuts to sector perform from outperform; target to 2000p
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* African Barrick Gold ABGL.L : Citigroup raises target price to 178p from 172p;rating sell
* Alpha Bank ACBr.AT : Deutsche Bank raises to buy from hold
* Alpha Bank ACBr.AT : Deutsche Bank raises price target to 0.90 euros from 0.70 euros
* Anglo Pacific Group APF.L : RBC cuts price target to 220p from 230p; rating outperform
* Armadale Capital ACPA.L : Finncap starts coverage with target price of 0.18p
* ASOS Plc ASOS.L : Cantor Fitzgerald cuts target price to 3500p from 5000p; rating hold
* Astrazeneca Plc AZN.L : Goldman Sachs reinstates with neutral; 4300p target price
* Ahold AHLN.AS : Deutsche Bank cuts target to 13.30 euros from 13.60 euros; rating hold
* Befimmo BEFB.BR : KBC cuts to hold from accumulate
* Bellway BWY.L : Numis raises to buy from add
* BHP Billiton BLT.L : RBC cuts to sector perform from outperform
* BHP Billiton BLT.L : RBC cuts price target to 2000p from 2100p
* Coca-Cola Icecek CCOLA.IS : UBS cuts to neutral from buy
* Coca-Cola Icecek CCOLA.IS : UBS raises target price to Tl 59 from Tl 58
* Deutsche Telekom AG DTEGn.DE : Commerzbank raises target to 13 euros from 12 euros; hold
* Dufry DUFN.VX : Exane BNP Paribas raises target price to Sfr 163; rating neutral
* Dufry DUFN.VX : Natixis raises target price to Sfr 190 from Sfr 170; rating buy
* Emlak Konut EKGYO.IS : UBS raises price target to Tl 3.24 from Tl 3; rating buy
* Energa Sa ENGP.WA : UBS raises price target to Pln 21 from Pln 17.50; rating buy
* Firstgroup FGP.L : Jefferies cuts target price to 136p from 139p; rating hold
* Henkel HNKG_p.DE : Commerzbank raises target price to 96 euros from 94 euros; rating buy
* Infineon Technologies IFXGn.DE : Berenberg raises target to 7.70 euros from 7 euros
* Inmarsat Plc ISA.L : JP Morgan raises target price to 810p from 780p; rating overweight
* Intercede IGP.L : Finncap raises target price to 220p
* Johnson Matthey JMAT.L : JP Morgan cuts target to 3850p from 3900p; rating overweight
* J Sainsbury Plc SBRY.L : Nomura cuts target price to 285p from 300p; rating neutral
* LDC LDCP.PA : ESN/CM - CIC Securities raises to accumulate from hold
* London Mining LOND.L : RBC revises price target to 50p from 150p; rating sector perform
* Merck Kgaa MRCG.DE : Commerzbank raises target 132 euros from 117 euros; rating hold
* MITIE MTO.L : Jefferies raises target price to 325p from 315p; rating hold
* Moscow Exchange MOEX.MM : Renaissance Capital ups target to 75 roubles from 71 roubles
* National Bank Of Greece NBGr.AT : Deutsche Bank raises to buy from hold rating
* Naturex SA NATU.PA : Exane BNP Paribas raises target by 8 pct to 79 euros; outperform
* OMV OMVV.VI : JP Morgan cuts target price to 28 euros from 30 euros; rating underweight
* Orange SA ORAN.PA : Credit Suisse raises target to 11 euros from 8.50 euros; underperform
* Osram Licht OSRn.DE : Morgan Stanley cuts target to 38 euros from 39 euros; equal-weight
* Piraeus Bank BOPr.AT : Deutsche Bank starts with buy rating
* PGE PGE.WA : UBS cuts to sell from neutral; raises target price to Pln 19 from Pln 15.50
* Premier Oil Plc PMO.L : Deutsche Bank raises price target to 515p from 500p; rating buy
* REC Silicon REC.OL :Citigroup raises target price to Nok 3.50 from Nok 3; rating sell
* Repsol SA REP.MC : UBS raises price target to 20 euros from 19 euros; rating neutral
* Repsol REP.MC : JP Morgan raises target price to 19.40 euros from 18 euros; underweight
* Rio Tinto Plc RIO.L : RBC cuts target price to 3700p from 3800p; rating outperform
* Royal Bank Of Scotland RBS.L : Jefferies raises target to 418p from 414p; rating buy
* Royal Mail RMG.L : RBC cuts price target to 600p from 650p; rating outperform
* RPC Group RPC.L : JP Morgan raises target price to 740p from 690p; rating overweight
* Signet Jewelers SIG.L : Goldman Sachs raises price target to 8400p from 5800p; rating buy
* Statoil STL.OL : JP Morgan raises target price to Nok 206 from Nok 180; rating overweight
* Swatch Group UHR.VX : JP Morgan cuts target to Sfr 525 From Sfr 552; rating neutral
* Swatch Group UHR.VX : Nomura cuts target price to Sfr 620 from Sfr 650; rating buy
* Swatch Group UHR.VX : Bryan Garnier cuts to neutral from buy rating
* Swatch Group UHR.VX : Bryan Garnier cuts target price to Sfr 600 from Sfr 672
* Swedish Match AB SWMA.ST : Exane BNP Paribas cuts to neutral from outperform
* Tate & Lyle TATE.L : Jefferies cuts to hold from buy; target price to 715p from 730p
* Tauron Polska Energia TPE.WA : UBS raises price target to Pln 5.60 from Pln 4.60; neutral
* Tesco TSCO.L : Nomura cuts target price to 265p from 275p; rating neutral
* Total TOTF.PA : JP Morgan raises target price to 54.50 euros from 52.50 euros; overweight
* United Internet UTDI.F : JP Morgan raises target to 45 euros from 42 euros; overweight
* Voestalpine VOES.VI : JP Morgan Cuts Target To 37 Euros From 38 Euros; Rating Neutral
* Voestalpine VOES.VI : Deutsche Bank raises target to 32 euros from 31 euros; hold
* Volvo AB VOLVb.ST : UBS cuts to sell from neutral; target to Sek 85 from Sek 100
* Volvo VOLVb.ST : SocGen cuts to hold from buy; target price to Sek 105 from Sek 115
* Workspace Group WKP.L : Peel Hunt raises to buy from hold ; target to 670p from 620p
(Compiled by Eileen Anupa Soreng and Geetha Panchaksharam 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/