Europe Research Roundup: Saipem, Hennes & Mauritz, United Utilities
12/06/2015 10:27
June 12 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Hennes & Mauritz, ASOS and Marks and Spencer, on Friday.
HIGHLIGHTS
* Hennes & Mauritz HMb.ST : HSBC raises to buy from hold
* United Utilities UU.L : Bernstein cuts to market-perform from outperform ID:nWNAB0777N
* Saipem SPMI.MI : UBS raises to neutral from sell
* ASOS ASOS.L : Berenberg raises target price to 4700p from 3500p ID:nWNAB0775Z
* B&M European Value Retail BMEB.L : Nomura ups to buy from neutral
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* Admiral Group ADML.L : HSBC raises target price to 1725p; rating buy
* Aker Solutions AKSOL.OL : UBS raises target price to Nok 42 from Nok 35; rating sell
* Amec Foster Wheeler AMFW.L : UBS cuts target price to 970p from 1050p; rating buy
* Ascencio ASCC.BR : ESN/Bank Degroof cuts target price to 58 euros; rating neutral
* ASOS ASOS.L : Berenberg raises target price to 4700p from 3500p; rating buy
* B&M European Value Retail BMEB.L : Nomura ups to buy from neutral; raises target to 370p
* B&M European Value Retail BMEB.L : Credit Suisse raises price target to 390p from 366p
* B&M European Value Retail BMEB.L : RBC raises price target to 375p from 345p; outperform
* Card Factory CARDC.L : Nomura cuts to neutral from buy; raises target to 315p from 300p
* Casino CASP.PA : Natixis cuts price target to 75 euros from 81 euros; rating neutral
* CGG Veritas GEPH.PA : UBS raises target price to 5.40 euros from 4.25 euros; rating sell
* Debenhams DEB.L : Berenberg raises target price to 100p from 87p; rating hold
* Dialog Semiconductor DLGS.DE : Morgan Stanley raises target to 45 euros from 40 euros
* Endesa ELE.MC : JP Morgan raises price target to 18.90 euros from 18.60 euros; neutral
* Euronav EUAV.BR : KBC raises target price to 15 euros; rating buy
* Finmeccanica SIFI.MI : Barclays raises target to 12 euros from 8 euros; equal weight
* Galenica GALN.VX : Credit Suisse raises price target to Sfr 965 from Sfr 810; neutral
* Galenica GALN.VX : Credit Suisse raises target to Sfr 965 from Sfr 810; rating neutral
* Galenica GALN.VX : Vontobel raises price target to Sfr 975 from Sfr 890; rating hold
* Givaudan GIVN.VX : UBS raises target price to Sfr 1800 from Sfr 1775; rating buy
* Heidelbergcement HEIG.DE : Morgan Stanley raises price target to 67 euros from 64 euros
* Heidelberger Druckmaschinen HDDG.DE : HSBC cuts target to 2.5 euros from 2.8 euros; hold
* Heineken HEIN.AS : Exane BNP Paribas cuts target by 8 percent to 68 euros; underperform
* Hennes & Mauritz HMb.ST : HSBC raises to buy from hold
* Hermes HRMS.PA : UBS raises price target to 350 euros from 295 euros; rating neutral
* Hunting Plc HTG.L : UBS raises target price to 645p from 465p; rating neutral
* Imperial Tobacco IMT.L : Morgan Stanley raises target to 3600p from 3500p; overweight
* Infinis INFII.L : Investec cuts price target to 240p from 250p; rating buy
* Intesa Sanpaolo ISP.MI : Berenberg raises target to 1.70 euros from 1.40 euros; sell
* Ires REIT IRES.I : Investec raises price target to 1.32 euros from 1.23 euros; rating buy
* Ladbrokes LAD.L : Barclays raises price target to 122p from 112p; rating equal weight
* Marks And Spencer MKS.L : Berenberg raises target price to 560p from 395p; rating hold
* Mulberry MUL.L : Nomura raises price target to 950p from 759p; rating neutral
* Petrofac Ltd PFC.L : UBS raises to buy from neutral; target price to 1100p from 775p
* PGS PGS.OL : UBS raises target price to Nok 45 from Nok 40; rating sell
* Rentokil Initial RTO.L : RBC raises price target to 180p from 150p; rating top pick
* Saipem SPA SPMI.MI : UBS raises to neutral from sell; target to 11 euros from 8.25 euros
* Sberbank SBER.MM : Barclays raises price target to 84.40 roubles from 76.90 roubles
* Schneider Electric SCHN.PA : Nomura cuts price target to 77 euros from 80 euros; buy
* Seadrill Ltd SDRL.OL : UBS raises target price to Nok 95 from Nok 90; rating neutral
* Senior Plc SNR.L : JP Morgan cuts price target to 375p from 400p; rating overweight
* Severn Trent SVT.L : Bernstein cuts to market-perform from outperform
* Severn Trent SVT.L : Bernstein cuts target price to 2150p from 2300p
* Snam SRG.MI : UBS raises to buy from neutral; raises target to 4.90 euros from 4.65 euros
* South32 S32.L : SocGen starts with hold rating; 120p target price
* Sthree STHR.L : UBS raises price target to 410p from 400p; rating buy
* Storebrand STB.OL : JP Morgan raises price target to Nok 37.40 from Nok 36.50; neutral
* Subsea 7 SUBC.OL : UBS raises target price to Nok 90 from Nok 85; rating neutral
* Supergroup SGP.L : Berenberg raises target price to 1390p from 1160p; rating buy
* Synergy Health SYR.L : N+1 Singer raises to buy from hold
* Technip TECF.PA : UBS raises target price to 63.5 euros from 62.5 euros; rating neutral
* Telefonica SA TEF.MC : Berenberg raises target price to 11.40 euros from 9.30 euros
* Telefonica SA TEF.MC : Berenberg raises to hold from sell
* Terna TRN.MI : UBS raises to neutral from sell; ups target to 4.30 euros from 3.40 euros
* TGS Nopec TGS.OL : UBS raises target price to Nok 185 from Nok 155; rating sell
* United Utilities UU.L : Bernstein cuts to market-perform from outperform
* United Utilities UU.L : Bernstein cuts target price to 1040p from 1050p
* Uralkali URKAq.L : Barclays reinstates with equal weight; price target $13.6
* Vallourec VLLP.PA : UBS raises target price to 22 euros from 20.9 euros; rating neutral
* Vivendi VIV.PA : Nomura raises price target to 23.50 euros from 22.70 euros; neutral
* VTB Bank VTBRq.L : Barclays raises price target to $1.56 from $1.51; rating underweight
* Wendel SA MWDP.PA : Natixis raises price target to 138 euros from 134 euros; rating buy
* Wincor Nixdorf WING.DE : Deutsche Bank cuts price target to 43 euros from 48 euros
* Wood Group WG.L : UBS raises target price to 715p from 645p; rating neutral
* WS Atkins ATKW.L : JP Morgan raises price target to 1649p from 1462p; rating overweight
* WS Atkins ATKW.L : Panmure raises price target to 1630p from 1575p; rating buy
* Zodiac Aerospace ZODC.PA : JP Morgan cuts price target to 29 euros from 30.50 euros
* Zodiac Aerospace ZODC.PA : Kepler Cheuvreux cuts target to 31 euros from 32 euros; hold
* Zodiac Aerospace ZODC.PA : UBS raises price target to 33 euros from 30 euros; neutral
(Compiled by Eileen Soreng and Fareha Khan in Bengaluru)
((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/