Europe Research Roundup: GlaxoSmithKline, BNP Paribas, Inmarsat

Baader Bank AG

30/03/2016 08:20

March 30 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Inmarsat Plc, Peugeot and Bourbon SA, on Wednesday.  
     
    HIGHLIGHTS   
     * GlaxoSmithKline Plc  GSK.L : Citigroup raises to buy from neutral 
     * BNP Paribas  BNPP.PA : UBS starts with buy rating; 50 euros target price   
     * Bourbon SA  GPBN.PA : SocGen raises to hold from sell 
     * Inmarsat Plc  ISA.L : Berenberg raises to hold from sell 
     * Peugeot  PEUP.PA : Exane BNP Paribas cuts to neutral rating 
  
 
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.  
     
     * A.G.Barr  BAG.L : Barclays raises target price to 570p from 560p 
     * A.G.Barr Plc  BAG.L : SocGen cuts target price to 550p from 579p 
     * Aegon  AEGN.AS : Jefferies cuts to hold; cuts target price to 5.30 euros 
     * Allianz  ALVG.DE : Jefferies cuts target price to 165 euros 
     * Anglo American Plc  AAL.L : Jefferies raises target price to 350p 
     * Anheuser Busch Inbev SA  ABI.BR : RBC raises target price to 102 euros from 96 euros 
     * Austrian Post  POST.VI : Jefferies cuts price target to 32.50 euros from 36 euros; hold  
     * Aviva Plc  AV.L : Jefferies cuts target price to 568p 
     * Axa  AXAF.PA : Jefferies cuts target price to 24.90 euros 
     * B&M  BMEB.L : Jefferies cuts target price to 315p 
     * Baader Bank AG  BLMG.DE : HSBC raises target price to 2.7 euros from 2.5 euros 
     * Banca Popolare Di Milano  PMII.MI : HSBC cuts target price to 0.89 euros from 0.97 euros 
     * Banco Popolare  BAPO.MI : HSBC cuts target price to 6.93 euros from 8.42 euros 
     * Berkeley Group Holdings  BKGH.L : HSBC raises target price to 4300p from 4290p 
     * BNP Paribas  BNPP.PA : UBS starts with buy rating; 50 euros target price 
     * Bourbon SA  GPBN.PA : SocGen raises to hold from sell 
     * CCC SA  CCCP.WA : JP Morgan raises target price to Pln 180 from Pln 157; rating overweight 
     * Centamin Plc  CEY.L : Canaccord Genuity raises price target to 110p from 105p; rating buy 
     * Credit Suisse Group AG  CSGN.S : RBC cuts target price to Sfr 18 from Sfr 19; outperform 
     * Debenhams Plc  DEB.L : Jefferies cuts to hold; cuts target price to 75p 
     * Deutz AG  DEZG.DE : HSBC raises to buy from hold; target price to 4.7 euros from 3.5 euros 
     * Drillisch AG  DRIG.DE : UBS raises target price to 50 euros from 48 euros; rating buy 
     * Dunelm  DNLM.L : Jefferies cuts to hold; cuts target price to 845p 
     * Easyjet Plc  EZJ.L : UBS cuts target price to 1635p from 1800p; rating neutral 
     * Emmi  EMMN.S : Vontobel raises target price to Sfr 500 from Sfr 420 
     * Ferrovial  FER.MC : Raymond James cuts target price to 22.40 euros from 25.40 euros 
     * Generali  GASI.MI : Jefferies cuts target price to 14 euros 
     * GlaxoSmithKline Plc  GSK.L : Citigroup raises to buy from neutral 
     * Glencore Plc  GLEN.L : Jefferies raises target price to 130p 
     * IMCD  IMCD.AS : Nomura cuts target price to 38.60 euros from 39.20 euros; rating buy 
     * Immofinanz AG  IMFI.VI : SocGen cuts target price to 2.10 euros from 2.40 euros  
     * Imperial Brands Plc  IMB.L : Nomura raises target price to 2950p from 2940p; rating reduce 
     * Inchcape Plc  INCH.L : Nomura cuts target price to 760p from 820p; rating buy 
     * Inmarsat Plc  ISA.L : Berenberg raises to hold from sell; cuts target price to 890p  
     * Intesa Sanpaolo SpA  ISP.MI : RBC cuts target price to 3.5 euros from 3.7 euros 
     * KAZ Minerals Plc  KAZ.L : Jefferies raises target price to 170p 
     * Komercni Banka  BKOM.PR : JP Morgan raises target price to Czk 5,400 from Czk 5,370 
     * Ladbrokes Plc  LAD.L : Citigroup raises target price to 125p from 110p 
     * Learning Technologies  LTGL.L : Numis cuts to add from buy 
     * Legal & General Group Plc  LGEN.L : Jefferies cuts target price to 269p from 301p; buy 
     * Lloyds Banking  LLOY.L : Bernstein cuts target price to 55p from 60p; rating underperform 
     * Marks and Spencer Group Plc  MKS.L : Jefferies cuts to hold; cuts target price to 410p 
     * Munich RE  MUVGn.DE : RBC cuts price target to 210 euros from 215 euros 
     * Nexans  NEXS.PA : HSBC raises target price to 48 euros from 43 euros 
     * Next Plc  NXT.L : Jefferies raises to hold; cuts target price to 5,100p 
     * Next Plc  NXT.L : JP Morgan cuts target price to 6,370p from 7,400p; rating neutral 
     * NMC Health Plc  NMC.L : Jefferies raises target price to 1,450p from 1,350p; rating buy 
     * Nordex  NDXG.DE : HSBC cuts target price to 24 euros from 29 euros 
     * Peugeot  PEUP.PA : Exane BNP Paribas cuts to neutral rating 
     * Polymetal  POLYP.L : Deutsche Bank cuts target price to 520p from 560p 
     * Poundland  PLND.L : Jefferies cuts to underperform; cuts target price to 135p 
     * Prudential  PRU.L : Jefferies cuts target price to 1,416p 
     * Prysmian  PRY.MI : HSBC raises target price to 22 euros from 20 euros 
     * Refresco Gerber  RFRG.AS : Credit Suisse raises target price to 18.50 euros from 18 euros 
     * Renault  RENA.PA : Barclays raises target price to 110 euros from 98 euros 
     * SAAB  SAABb.ST : Jefferies raises price target to Sek 255 from Sek 200 
     * Safran  SAF.PA : UBS cuts target price to 67 euros from 69 euros; rating buy 
     * Scandinavian Tobacco Group A/S  STOGR.CO : Deutsche Bank starts with buy; target Dkk 130 
     * Societe Generale  SOGN.PA : UBS starts with buy rating; 38 euros target price 
     * South32 Ltd  S32.L : Jefferies raises target price to 70p  
     * Spire Healthcare Group Plc  SPI.L : Nomura starts with buy rating; 405p target price 
     * Standard Life  SL.L : Jefferies cuts target price to 409p 
     * UniCredit  CRDI.MI : RBC cuts target price to 5 euros from 6.1 euros 
     * Valmet Corp  VALMT.HE : Berenberg raises target price to 11.50 euros from 11 euros; buy 
     * Vedanta Resources Plc  VED.L : Jefferies raises target price to 200p 
     * Virbac SA  VIRB.PA : Jefferies cuts price target to 157 euros from 167 euros; rating hold 
     * Zodiac Aerospace  ZODC.PA : UBS cuts target price to 17.5 euros from 18 euros; neutral 
     * Zurich Insurance Group AG  ZURN.S : Jefferies cuts target price to Sfr 217 
  
 
 (Compiled by Abdul Nishad CK in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/