Corrected: EUROPE RESEARCH ROUNDUP: Credit Suisse, Scor, SAP, Wacker Chemie (Jan 8)
27/01/2014 18:18
(Corrects Sanofi item in Jan. 8 table to say that Morgan Stanley cut its target price on the
stock to 93 euros from 95 euros, not raised it to 95 euros from 93 euros)
Jan 8 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Credit Suisse Group and Scor, on Wednesday.
HIGHLIGHTS
* Credit Suisse Group CSGN.VX : SocGen starts with hold rating ID:nWNBB03C7U
* Scor SE SCOR.PA : JP Morgan cuts to neutral from overweight
* Wacker Chemie AG WCHG.DE : DZ Bank raises to buy from sell
* SAP SAPG.DE : UBS raises to buy from neutral ID:nL6N0KI0KV
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Air Partner AIP.L : Liberum raises target price to 700p from 555p; rating buy
* Aixtron AIXGn.DE : Berenberg cuts target price to 11 euros from 12 euros; rating hold
* Anglo American AAL.L : JP Morgan cuts to underweight from neutral
* Antofagasta ANTO.L : JP Morgan raises target price to 815p from 790p; rating neutral
* A.P.R. Energy APREN.L : Liberum cuts target price to 720p from 890p; rating sell
* AP Moeller Maersk MAERSKb.CO : HSBC ups target to Dkk 72000 from Dkk 58000
* AP Moeller Maersk MAERSKb.CO : Citigroup ups target to Dkk 62,766 from Dkk 52,000
* AP Moeller Maersk < MAERSKb.CO>: Nordea cuts to hold from buy
* AP Moeller Maersk < MAERSKb.CO>: Nordea ups target price to Dkk 66000 from Dkk 65000
* Ascencio ASCC.BR : ING raises target price to 54.80 euros from 52 euros; rating hold
* Ashtead < AHT.L>: Credit Suisse raises target price to 1000p from 850p; rating outperform
* Associated British Foods< ABF.L>: Nomura raises target to 2110p from 1670p; rating reduce
* ASM International ASMI.AS : Berenberg cuts target to 30 euros from 31 euros; rating buy
* AVEVA Group AVV.L : UBS raises to buy from neutral; target price to 2550p from 2300p
* Axel Springer SPRGn.DE : JP Morgan ups target to 47.70 euros from 40 euros; neutral
* Barclays Plc BARC.L : JP Morgan adds to top picks; rating overweight
* BHP Billiton BLT.L : JP Morgan cuts target price to 2150p from 2300p; rating neutral
* Biotest AG BIOG.DE : HSBC cuts to neutral from overweight
* Caixabank Canaccord Genuity cuts target price to 1150p from 1450p; rating buy
* Elisa ELI1V.HE : Berenberg raises target price to 16 euros from 15 euros; rating hold
* Faurecia SA EPED.PA : Natixis raises target price to 32 euros from 30 euros; rating buy
* Freenet AG FNTGn.DE : UBS cuts to neutral from buy
* Freenet AG FNTGn.DE : UBS ups target price to 21.50 euros from 19.50euros
* Fresnillo Plc FRES.L : JP Morgan cuts target price to 965p from 1000p; rating overweight
* First Quantum Minerals FQM.L : JP Morgan raises target to 1100p from940p; rating neutral
* Fortum FUM1V.HE : JP Morgan raises target to 15.30 euros from 14 euros; rating neutral
* GEA Group G1AG.DE : UBS raises target price to 34 euros from 31 euros; rating neutral
* Greencore Group GNC.L : Panmure cuts to hold from buy
* Hellenic Carriers HCLL.L : Panmure raises to buy from hold; target price to 50p from 45p
* Homag Group HG1G.DE : HSBC cuts to neutral from overweight
* Investment Kinnevik KINVb.ST : UBS cuts to sell from buy
* JSW JSW.WA : SocGen cuts target price to Pln 52 from Pln 64; rating sell
* Jazztel JAZ.MC : Barclays raises target to 10 euros from 9 euros; rating overweight
* Kloeckner & Co KCOGn.DE : DZ Bank raises to buy from hold
* Kloeckner & Co KCOGn.DE : DZ Bank target price to 11.50 euros from 9.50 euros
* Le Noble Age LNA.PA : Natixis raises target to 15 euros from 12 euros; rating neutral
* Marston's PLC MARS.L : Jefferies raises to buy from hold
* Marston's PLC MARS.L : Jefferies raises target price to 180p from 155p
* Moneysupermarket.Com Group MONY.L : JP Morgan raises to overweight from neutral
* Nestle NESN.VX : Nomura cuts target price to SFR55 from SFR59; rating reduce
* Norsk Hydro Asa NHY.OL : JP Morgan raises to neutral from underweight
* Orpea SA ORP.PA : Natixis raises target price to 47 euros from 46 euros; rating buy
* Perform Group PER.L : JP Morgan raises to overweight from neutral
* Rightmove PLC RMV.L : UBS cuts to neutral from buy; ups target price to 3020p from 2600p
* Rio Tinto Plc RIO.L : JP Morgan cuts target price to 4400p from 4500p; rating overweight
* Sanofi SASY.PA : Morgan Stanley cuts target to 93 euros from 95 euros; rating overweight
* SAP SAPG.DE : UBS raises to buy from neutral; target price to 70 euros from 62 euros
* Schibsted SBST.OL : JP Morgan raises target to Dkk 432 from Dkk 380; rating neutral
* Scor SE SCOR.PA : JP Morgan cuts to neutral from overweight
* Scor SE SCOR.PA : JP Morgan cuts target to 26.80 euros from 27.50 euros
* Smiths Group< SMIN.L>: Morgan Stanley ups target to 1536p from 1507p; rating overweight
* Standard Chartered STAN.L : Barclays cuts target to 1400p from 1530p; equal weight
* Suess Microtec SMHNn.DE : Berenberg cuts target to 8.20 euros from9.40 euros; rating buy
* TDC A/S TDC.CO :Berenberg raises target price to Dkk 55 from Dkk 54.50; rating buy
* TeliaSonera TLSN.ST : Berenberg cuts target price to Sek 46 from Sek 49; rating hold
* Tele2 TEL2b.ST : Berenberg raises to buy from hold; target to Sek 86 from Sek 85
* Telenor ASA TEL.OL : Berenberg cuts target price to Nok 138 from Nok 141.50; rating hold
* UBS AG UBSN.VX : SocGen starts with buy; target price Sfr 20.2
* Unilever NV UNc.AS : Nomura cuts target to 29.90 euros from 30.20 euros; rating neutral
* Vedanta VED.L : JP Morgan cuts target price to 1120p from 1130p; rating overweight
* Vestas Wind VWS.CO : S&P Capital IQ raises target to Dkk 235 from Dkk 200; rating buy
* Wacker Chemie AG WCHG.DE : DZ Bank raises to buy from sell
* Wacker Chemie AG WCHG.DE : DZ Bank raises target price to 97 euros from 65 euros
* Xing AG OBCGn.DE : JP Morgan cuts to underweight from neutral
(Compiled by Saqib Iqbal Ahmed)
((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749
1130)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/