Europe Research Roundup: Arkema, Fortum, Barclays PLC, Anglo American PLC

Awilco Drilling

15/05/2014 15:09

May 15 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Arkema and Fortum, on Thursday.  
     
    HIGHLIGHTS 
    * Arkema SA  AKE.PA : JP Morgan raises to overweight from neutral  
    * Fortum  FUM1V.HE : SocGen starts with sell rating 
    * Barclays PLC  BARC.L : Jefferies cuts target price to 325p from 345p; rating buy 
    * Anglo American PLC  AAL.L : Credit Suisse cuts to neutral from outperform 
    * Hellenic Exchanges  EXCr.AT : Wood & Company starts with buy rating; target price 10 euros 
       
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order. See bottom of the table for sector changes.   
     
    * Abertis  ABE.MC : Morgan Stanley ups target to 15.40 euros from 15.24 euros; underweight  
    * ACAL  ACL.L : Cantor starts with buy rating  
    * Air Liquide  AIRP.PA : Morgan Stanley UPS target to 120 euros from 108 euros; overweight 
    * Anglo American PLC  AAL.L : Credit Suisse cuts to neutral from outperform 
    * Arkema SA  AKE.PA : JP Morgan raises to overweight from neutral  
    * ASOS PLC  ASOS.L : Berenberg starts with buy rating; target 5350p 
    * Associated British Foods  ABF.L : Citigroup raises target to 3100p from 3000p; neutral  
    * AT & S  ATSV.VI  : Wood Company starts with buy rating 
    * AT & S  ATSV.VI  : Wood Company starts with target price 15.30 euros 
    * Ausy SA  OSI.PA : Kepler Cheuvreux cuts target price to 33 euros from 35 euros; rating buy 
    * Awilco Drilling  AWDR.OL : Nordea cuts to strong sell from sell  
    * Awilco Drilling  AWDR.OL : Carnegie cuts to sell from hold; target to Nok 105 from Nok 120 
    * BAM  BAMN.AS : S&P Capital IQ raises target price to 3.70 euros from 3.40 euros; sell  
    * Basf SE  BASFn.DE : JP Morgan raises target to 66 euros from 61 euros; rating underweight 
    * Barclays PLC  BARC.L : Jefferies cuts target price to 325p from 345p; rating buy 
    * Belgacom  BCOM.BR : S&P Capital IQ raises target to 20 euros from 18 euros; rating sell 
    * Bijou Brigitte Modische  BIJG.DE : Deutsche Bank cuts to hold from buy  
    * Bijou Brigitte Modische  BIJG.DE : Deutsche Bank cuts target to 70 euros from 86 euros 
    * BP PLC  BP.L : RBC raises to outperform from sector perform  
    * Brembo  BRBI.MI : ESN/Banca Akros raises to accumulate from hold  
    * Brembo  BRBI.MI : Kepler Cheuvreux raises price target to 33 euros from 30 euros; buy  
    * British Land  BLND.L : Jefferies raises target price to 771p from 766p; rating hold  
    * British Land  BLND.L : Morgan Stanley raises target price to 760p from 750p; overweight  
    * BT Group  BT.L : S&P Capital IQ cuts to hold from buy, on valuation  
    * Bunzl PLC  BNZL.L : UBS raises target price to 1650p from 1390p; rating neutral 
    * Buzzi Unicem SPA  BZU.MI : UBS cuts target price to 13.60 euros from 14 euros; neutral  
    * Catlin  CGL.L : Canaccord Genuity cuts target price to 555p; rating buy  
    * Catlin  CGL.L : Numis raises to add from hold rating  
    * Centrica PLC  CNA.L : Goldman Sachs cuts target price to 359p from 377p; rating buy  
    * Chime Communications  CHW.L : Investec raises target to 395p from 365p; rating buy 
    * Chime Communications  CHW.L : Canaccord Genuity raises target price to 390p; rating buy  
    * Coloplast A/S  COLOb.CO : UBS raises target price to Dkk 480 from Dkk 400; rating Neutral 
    * Compass Group PLC  CPG.L : UBS raises target price to 1000p from 920p; rating neutral 
    * Compass Group PLC  CPG.L : Socgen raises target price to 1130p from 1090p; rating buy 
    * Compass Group PLC  CPG.L : Natixis raises target price to 960p from 910p; rating neutral  
    * Compass Group PLC  CPG.L : Numis raises target price to 975p from 900p; rating hold  
    * Compass Group PLC  CPG.L : Morgan Stanley raises target to 1022p from 970p; equal weight  
    * Compass Group PLC  CPG.L : RBC cuts to sector perform from outperform  
    * Dairy Crest Group  DCG.L : SocGen cuts target price to 480p from 500p; rating hold  
    * DCC Plc  DCC.L : Investec cuts to hold from add; ups target to 3100p from 2700p 
    * Debenhams PLC  DEB.L : Berenberg starts with hold rating; target price 87p 
    * Delhaize  DELB.BR : KBC raises target price to 60 euros from 55 euros; rating accumulate  
    * Deutsche Euroshop  DEQGn.DE : Berenberg raises target to 39 euros from 35 euros; buy  
    * Deutsche Euroshop  DEQGn.DE : DZ Bank raises fair value to 37 euros from 35 euros  
    * Deutsche Euroshop  DEQGn.DE : Commerzbank raises target to 35 euros from 33 euros; hold  
    * Drax Group PLC  DRX.L : UBS cuts target price to 790p from 920p; rating buy  
    * E.ON SE  EONGn.DE : JP Morgan raises target to 14 euros from 13 euros; rating neutral 
    * EasyJet  EZJ.L : RBC cuts target price to 1750p from 1800p; rating sector perform  
    * EDreams Odigeo SA  EDRE.MC : Deutsche Bank starts with hold rating; target 10.50 euros  
    * EDP Energias DE Portugal  EDP.LS : UBS cuts target to 3.70 euros from 3.75 euros; buy 
    * Ekinops  EKI.PA : Kepler Cheuvreux starts with hold rating; price target of 9 euros  
    * EVS  EVSB.BR : ING cuts to hold from buy  
    * EVS  EVSB.BR : ESN/Bank Degroof cuts to hold from accumulate  
    * EVS  EVSB.BR : KBC cuts to accumulate; target price to 50 euros from 54 euros  
    * Fiat Spa  FIA.MI : Citigroup cuts target price to 6.60 euros from 6.90 euros; rating sell 
    * FLSmidth & Co A/S  FLS.CO : JP Morgan raises target price to Dkk 279 from Dkk 277; neutral 
    * FLSmidth & Co A/S  FLS.CO : Nordea raises target price to Dkk 340 from Dkk 300; hold  
    * FLSmidth & Co A/S  FLS.CO : SEB Equity research cuts to sell from hold  
    * Freenet AG  FNTGn.DE : Citigroup cuts target price to 26 euros from 28 euros; rating buy  
    * French Connection  FCCN.L : Cantor raises target price to 80p from 70p; rating hold  
    * French Connection  FCCN.L : Numis raises target price to 105p; rating add  
    * Fortum  FUM1V.HE : SocGen starts with sell rating; target price 13.3 euros 
    * Gjensidige Forsikring  GJFS.OL : Berenberg cuts target to Nok 104 from Nok 114; hold  
    * Hellenic Exchanges  EXCr.AT : Wood & Company starts with buy rating; target price 10 euros 
    * Hikma Pharmaceuticals  HIK.L : Citigroup raises target to 1850p from 1800p; rating buy  
    * Horizon Discovery  HZDH.L : Panmure starts with buy rating; target price 220p  
    * Icap PLC  IAP.L : UBS cuts target price to 330p from 340p; rating sell 
    * Icap PLC  IAP.L : Credit Suisse cuts target price to 370p from 395p; rating underperform  
    * Infinis Energy Plc  INFII.L : Deutsche Bank raises to buy from hold rating  
    * Informa  INF.L : Canaccord Genuity cuts target price to 535p; rating hold  
    * IP Group Plc  IPO.L : Numis raises target price to 273p; rating buy 
    * Italcementi  ITAI.MI : UBS raises target price to 8.50 euros from 6 euros; rating neutral  
    * ITV PLC  ITV.L : Barclays cuts target price to 200p from 209.9p; rating equal weight 
    * John Wood Group PLC  WG.L : Goldman Sachs raises target to 800p from 770p; rating buy  
    * Kier Group Plc  KIE.L : Numis raises to buy from add rating 
    * Kinepolis  KIPO.BR : KBC raises target price to 162 euros from 155 euros; accumulate  
    * K&S AG  SDFGn.DE : Barclays raises target to 28 euros from 26 euros; rating equal weight  
    * K&S AG  SDFGn.DE : JP Morgan raises target to 32 euros from 30 euros; rating overweight 
    * LEG  LEGn.DE : Commerzbank cuts to hold from add  
    * Linde  LING.DE : JP Morgan raises target price to 165 euros from 154 euros; rating neutral 
    * London Stock Exchange  LSE.L : Numis raises to add from hold rating  
    * Lonmin Plc  LMI.L : Citigroup cuts to neutral from buy rating 
    * Lonmin Plc  LMI.L : Citigroup cuts target price to 277p from 443p 
    * Lonmin Plc  LMI.L : Investec cuts target price to 238p from 258p; rating sell 
    * Magnit  MGNTq.L : HSBC adds to GEMS Super 15 portfolio; rating overweight 
    * Maire Tecnimont  MTCM.MI : ESN/Banca Akros raises to accumulate from hold  
    * Marks And Spencer Group PLC  MKS.L : Berenberg starts with hold rating; target price 415p  
    * Mediaset SPA  MS.MI : Deutsche Bank cuts target price to 4.70 euros from 5 euros; buy  
    * Melia Hotels  MEL.MC : UBS raises target price to 11 euros from 10.40 euros; rating buy  
    * Mondi PLC  MNDI.L : Barclays cuts target price to 1140p from 1170p; rating equal weight 
    * National Grid Plc  NG.L : Barclays raises target to 885p from 875p; rating overweight  
    * Next PLC  NXT.L : Berenberg starts with buy rating; target price 
    * NKT Holding A/S  NKT.CO : Nordea raises target price to Dkk 440 from Dkk 410; rating buy  
    * Nordex SE  NDXG.DE : Deutsche Bank raises target price to 17 euros from 15 euros; buy  
    * Partnership  PA.L : Barclays cuts target price to 117p from 125p; rating underweight  
    * Peugeot SA  PEUP.PA : Natixis raises target price to 13 euros from 10.87 euros; rating buy 
    * Pittards  PTTD.L : WH Ireland cuts price target to 220p from 270p; rating buy  
    * Prime Car Management SA  PCMP.WA : Jefferies starts with buy rating  
    * Prime Car Management SA  PCMP.WA : Jefferies starts with target price Pln 53  
    * Richemont  CFR.VX : Renaissance Capital raises target price to Sfr 96; rating hold  
    * Rolls-Royce Holdings Plc  RR.L : Bernstein cuts to underperform from market perform 
    * Rolls-Royce Holdings Plc  RR.L : Bernstein cuts target price to 890p from 1100p 
    * RWE AG  RWEG.DE : JP Morgan cuts target price to 26 euros from 28 euros; rating neutral  
    * Saras SPA  SRS.MI : UBS cuts target price to 1.05 euros from 1.10 euros; rating sell 
    * Saras SPA  SRS.MI : Kepler Cheuvreux cuts target price to 1 euro from 1.05 euros; reduce  
    * SnowWorld  SNOW.AS : ESN/SNS Securities starts with buy rating  
    * Soitec SA  SOIT.PA : Natixis raises target price to 3.70 euros from 2.70 euros; rating buy 
    * Solvay SA  SOLB.BR : JP Morgan raises target to 82 euros from 80 euros; rating underweight 
    * Sonova  SOON.VX : UBS raises target price to Sfr 150 from Sfr 137; rating buy  
    * Staffline Group Plc  STAF.L : Finncap raises target price by 35 pct to 1178p; rating buy  
    * Statoil ASA  STL.OL : RBC cuts to sector perform from top pick  
    * Supergroup PLC  SGP.L : Berenberg starts with buy rating; target price 
    * Taylor Wimpey PLC  TW.L : UBS raises target price to 156p from 150p; rating buy 
    * Tecnicas  TRE.MC : ESN/Beka Finance cuts to hold from accumulate rating  
    * Thomas Cook  TCG.L : Jefferies raises target price to 230p from 200p; rating buy  
    * ThyssenKrupp  TKAG.DE : SocGen raises target price to 23 euros from 20.5 euros; hold  
    * Total SA  TOTF.PA : RBC cuts to sector perform from outperform  
    * Trevi  TFI.MI : ESN/Banca Akros cuts to hold from accumulate  
    * Tullett Prebon  TLPR.L : Espirito Santo Investment Bank cuts fair value to 309p; neutral  
    * Umicore SA  UMI.BR : JP Morgan cuts target price to 32 euros from 34 euros; rating neutral 
    * Veolia  VIE.PA : Credit Suisse raises target to 11 euros from 10 euros; underperform  
    * Vivendi  VIV.PA : S&P Capital IQ cuts target price to 20 euros from 22 euros; rating hold  
    * Vodafone Group  VOD.L : UBS cuts target price to 255p from 275p; rating buy    
    * Vodafone Group  VOD.L : Goldman Sachs cuts to neutral from buy; target to 240p from 270p  
    * Wacker Chemie AG  WCHG.DE : JP Morgan raises target to 75 euros from 74 euros; underweight 
    * Wolf Minerals LTD  WLFE.L : Numis resumes with buy rating; target price 23p  
    * World Duty Free SPA  WDF.MI : Natixis cuts target to 9.5 euros from 10 euros; neutral  
    * 3I Group Plc  III.L : Socgen raises target price to 470p from 460p; rating buy 
 
 (Compiled by Saqib Iqbal Ahmed and Mohan Anand in Bangalore) 
 ((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/