EUROPE RESEARCH ROUNDUP: Bovis, DIA, Seadrill, Lloyds Banking

Awilco Drilling

29/10/2013 10:40

Oct 29 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Seadrill and Kone, on Tuesday.  
     
    HIGHLIGHTS 
    * Bovis  BVS.L : Liberum raises to buy from hold  
    * DIA  DIDA.MC : Barclays cuts to equal weight from overweight 
    * Seadrill  SDRL.OL : SocGen cuts to sell from buy 
    * Kone  KNEBV.HE : Barclays starts with underweight  
    * Lloyds Banking  LLOY.L : Numis cuts to hold from add 
    * Cegedim SA  CGDM.PA : SocGen raises to hold from sell 
       
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
      
    * Aggreko  AGGK.L : JP Morgan cuts target price to 1505p from 1620p; rating neutral 
    * Aggreko  AGGK.L : UBS cuts price target to 1550p from 1610p; rating neutral 
    * Allianz SE  ALVG.DE : JP Morgan raises target to 144 euros from 140 euros; overweight 
    * Alstom  ALSO.PA : SocGen cuts target price to 32 euros from 34 euros; rating buy 
    * Assa Abloy  ASSAb.ST : Credit Suisse raises target to Sek 350 from Sek 300; outperform 
    * Assa Abloy  ASSAb.ST : JP Morgan raises target price to Sek 325 from Sek 300; neutral 
    * Awilco Drilling  AWDR.OL : Danske Bank starts with hold rating  
    * AZ Electronic Materials  AZEM.L : SocGen cuts target price to 340p from 350p; rating buy 
    * Bankia  BKIA.MC : Natixis raises target to 0.79 euros from 0.72 euros; rating reduce 
    * Barratt  BDEV.L : Liberum raises price target to 387p from 374p; rating buy  
    * Basf  BASFn.DE : ESN/Equinet raises price target to 78 euros from 75 euros; rating hold 
    * BBVA  BBVA.MC : Credit Suisse cuts to neutral from outperform 
    * BBVA  BBVA.MC : Goldman Sachs ups target to 11.45 euros from 10.10; conviction list buy  
    * Bellway  BWY.L : Liberum raises price target to 1760p from 1700p; rating buy  
    * Berkeley  BKGH.L : Liberum raises price target to 2634p from 2400p; rating hold  
    * Binckbank  BINCK.AS : ING raises to buy from hold 
    * Blur (Group)  BLUR.L : Liberum raises price target to 700p from 400p; rating buy 
    * BNP Paribas  BNPP.PA : Goldman Sachs ups target to 70 euros from 68; conviction list buy  
    * Bovis  BVS.L : Liberum raises to buy from hold; target to 911p from 791p   
    * Cap Gemini  CAPP.PA : Barclays raises target to 60 euros from 50 euros; rating overweight 
    * Caracal Energy  CRCL.L : Canaccord Genuity raises target to 920p from 750p; rating buy 
    * Cegedim SA  CGDM.PA : SocGen raises to hold from sell 
    * Coca Cola Hellenic  CCH.L : Nomura cuts to reduce from neutral 
    * Conviviality Retail  CVRC.L : Panmure starts with buy rating; 222p target price 
    * Daimler  DAIGn.DE : Citigroup raises target price to 59 euros from 52 euros; neutral 
    * DIA  DIDA.MC : Barclays cuts to equal weight from overweight 
    * DMG Mori Seiki  GILG.DE : ESN/Equinet raises target to 26 euros from 22; accumulate 
    * EMIS Group  EMISG.L : N+1 Singer raises to buy from hold 
    * Ferrovial SA  FER.MC : Raymond James ups target to 14.70 euros from 13.40; outperform 
    * Georg Fischer  FIN.S : UBS raises price target to Sfr 700 from Sfr 570; rating buy 
    * Getech Group  GTC.L : WH Ireland raises target price to 92p from 86p; rating buy 
    * GlaxoSmithKline  GSK.L : Barclays cuts target price to 1545p from 1555p; equal weight 
    * Gurit Holding  GUR.S : Vontobel raises target price to Sfr 420 from Sfr 410; rating hold 
    * Hannover Re  HNRGn.DE : JP Morgan raises to neutral from underweight  
    * HSBC  HSBA.L : Goldman Sachs cuts target to 900p from 950p; ratingconviction list buy 
    * Iberdrola  IBE.MC : Citigroup raises to buy from neutral; target to 5 euros from 3.80 
    * ING  ING.AS : Goldman Sachs raises target to 12.30 euros from 11.80; conviction list buy  
    * InterContinental  IHG.L : Natixis cuts target price to 2150p from 2200p; rating buy 
    * ITV  ITV.L : Berenberg cuts to sell from hold; raises target to 155p from 91p 
    * Kering  PRTP.PA : Exane BNP Paribas cuts target by 3 percent to 185 euros; rating neutral  
    * Komercni Banka  BKOM.PR : Deutsche Bank raises to buy from hold 
    * Kone  KNEBV.HE : Barclays starts with underweight; price target 59 euros  
    * Lagardere  LAGA.PA : Deutsche Bank raises target to 21 euros from 17 euros; rating hold 
    * Lagardere  LAGA.PA : Natixis raises target to 28.1 euros from 22.5 euros; rating neutral 
    * Lloyds Banking  LLOY.L : Numis cuts to hold from add 
    * LPKF Laser & Electronics  LPKG.DE : DZ Bank cuts to hold from buy 
    * LPKF Laser & Electronics  LPKG.DE : DZ Bank ups target to 15.50 euros from 14.50 euros 
    * LVMH  LVMH.PA : Exane BNP Paribas cuts target price by 3 percent to 156 euros; outperform  
    * Mediobanca  MDBI.MI : UBS raises price target to 5.80 euros from 5.20 euros; neutral 
    * Michelin SCA  MICP.PA : Natixis cuts target price to 94 euros from 96 euros; rating buy 
    * Munich Re  MUVGn.DE : JP Morgan raises target to 163 euros from 160 euros; overweight  
    * Persimmon  PSN.L : Liberum raises price target to 1261p from 1245p; rating hold  
    * PKC Group Oyj  PKC1V.HE : ESN/Pohjola cuts to reduce from hold 
    * Prospector Offshore Drilling  PROS.OL : Danske Bank starts with buy rating  
    * Redrow  RDW.L : Liberum raises to buy from hold; target to 304p from 241p   
    * Renault SA  RENA.PA : Citigroup raises target price to 76 euros from 73 euros; rating buy 
    * Richemont  CFR.VX : Citigroup raises target price to Sfr 110 from Sfr 103; rating buy 
    * Richemont  CFR.VX : Exane BNP Paribas cuts target by 4 percent to Sfr 106; outperform  
    * Rubis SCA  RUBF.PA : Natixis cuts price target to 54 euros from 55.5 euros; rating buy 
    * Saipem SpA  SPMI.MI : Macquarie raises to neutral; drops from marquee ideas list 
    * Schindler  SCHN.S : Barclays starts with equal weight; price target Sfr 120 
    * Seadrill  SDRL.OL : SocGen cuts to sell from buy 
    * Sevan Drilling  SEVDR.OL : Danske Bank starts with buy rating  
    * SGS SA  SGSN.VX : Berenberg cuts price target to Sfr 2090 from Sfr 2140; rating hold 
    * Shire  SHP.L : Barclays raises price target to 2800p from 2515p; rating overweight 
    * SMA Solar Technology  S92G.DE : Deutsche Bank cuts to hold from buy 
    * SMA Solar Technology  S92G.DE : Deutsche Bank ups target price to 31 euros from 28euros 
    * Songa Offshore  SONG.OL : Danske Bank starts with sell rating  
    * Sopra Group  SOPR.PA : Natixis raises target to 59 euros from 55 euros; rating neutral 
    * Swatch Group  UHR.VX : Exane BNP Paribas cuts target by 1 percent toSfr 725; outperform 
    * Taylor Wimpey  TW.L : Liberum raises price target to 127p from 113p; rating buy 
    * TDC  TDC.CO : Berenberg raises to buy from hold; raises target to Dkk 54.50 from Dkk44 
    * TDC A/S  TDC.CO : Nordea cuts to hold from buy 
    * ThromboGenics  THR.BR : Jefferies cuts price target to 33 euros from 36 euros; rating buy 
    * Thyssenkrupp  TKAG.DE : JP Morgan raises target to 24 euros from 19 euros; overweight 
    * TNT Express  TNTE.AS : Credit Suisse raises target by 12 percent to 7.03 euros; neutral 
    * UBS  UBSN.VX : Goldman Sachs raises target to Sfr 25.90 from 24.80; conviction list buy  
    * Unibail-Rodamco  UNBP.AS : HSBC raises target to 204 euros from 193 euros; rating neutral 
    * Unicredit  CRDI.MI : Goldman Sachs ups target to 7.50 euros from 6.10; conv list buy