Europe Research Roundup: Standard Chartered, BHP Billiton, Savills

Baader Bank AG

17/08/2016 19:20

Aug 17 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including DCC, Diploma and Antofagasta, on Wednesday 
     
     
    HIGHLIGHTS 
     * Standard Chartered Plc  STAN.L : HSBC cuts to hold from buy  
     * BHP Billiton Ltd  BLT.L : Macquarie raises to neutral from underperform  
     * Swedbank  SWEDa.ST : Jefferies raises to buy from hold   
     * Savills Plc  SVS.L : Citigroup raises to buy from neutral   
     * Berendsen Plc  BRSN.L : Barclays cuts to equal weight from overweight   
       
     
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.  
     
     
     * Aberdeen Asset Management Plc  ADN.L : Macquarie cuts to underperform from neutral.   
     * Aberdeen Asset Management Plc  ADN.L : Macquarie raises fair value to 270p   
     * Aberdeen Emerging Markets Investment  AEMC.L :Stifel ups rating to positive from negative   
     * Acando  ACANb.ST : SEB Equity Research cuts to hold from buy   
     * Adidas  ADSGn.DE : Berenberg raises target price to 140 euros from 98 euros; hold   
     * Adidas  ADSGn.DE : Helvea Baader cuts to hold; raises target to 160 euros from 142 euros   
     * Afk Sistema  SSAq.L : JP Morgan raises target price to $10 from $9; rating overweight  
     * Ahold Delhaize NV  AD.AS : UBS raises target price to 21.5 euros from 20 euros   
     * Air Liquide  AIRP.PA : Helvea Baader Bank cuts target to 92 euros from 95 euros; sell   
     * Akzo Nobel  AKZO.AS :Helvea Baader Bank cuts target price to 53 euros from 55 euros;sell   
     * Alk Abello A/S  ALKb.CO : Danske Bank raises target price to Dkk 896 from Dkk 857; sell   
     * Alk Abello A/S  ALKb.CO : Handelsbanken cuts target to Dkk 1,003 from Dkk 1,102; reduce   
     * Alk Abello A/S  ALKb.CO : Jyske Bank raises target price to Dkk 805 from Dkk 800; sell   
     * Alk Abello A/S  ALKb.CO : Nordea raises target price to Dkk 982 from Dkk 942; hold   
     * Allianz SE  ALVG.DE : Bernstein raises target price to 155 euros from 150 euros   
     * Ambu A/S  AMBUb.CO : Danske Bank raises target price to Dkk 290 from Dkk 250; hold   
     * Antofagasta Plc  ANTO.L : Berenberg raises target price to 400p from 370p; rating sell   
     * Antofagasta Plc  ANTO.L : Canaccord Genuity raises target price to 545p from 505p; hold   
     * Antofagasta Plc  ANTO.L : Credit Suisse raises target to 450p from 400p; underperform   
     * Antofagasta Plc  ANTO.L : Deutsche Bank cuts target price to 575p from 585p; rating hold   
     * Antofagasta Plc  ANTO.L : Exane BNP Paribas raises target price to 545p; rating neutral   
     * Antofagasta Plc  ANTO.L : JP Morgan raises target price to 390p from 380p; neutral   
     * Antofagasta Plc  ANTO.L : RBC raises target price to 560p from 500p; sector perform   
     * Antofagasta Plc  ANTO.L : UBS raises target price to 475p from 450p   
     * Ashmore Group Plc  ASHM.L : Macquarie raises target price to 320p from 250p   
     * Aviva Plc  AV.L : Bernstein cuts target price to 430p from 435p; rating market perform   
     * Baader Bank AG  BLMG.DE : HSBC cuts target price to 2.4 euros from 2.7 euros   
     * Balfour Beatty Plc  BALF.L : Numis raises to buy from add   
     * Banco Popular  POP.MC : Credit Suisse reinstates with 1.10 euros price target   
     * Banco Popular  POP.MC : Credit Suisse reinstates with underperform rating  
     * Bashneft  BANE.MM : HSBC cuts target price to 2400 Roubles from 2600 Roubles   
     * Bellway Plc  BWY.L : Canaccord Genuity raises target price to 2350p from 2220p; buy   
     * Berendsen Plc  BRSN.L : Barclays cuts to equal weight from overweight   
     * Berendsen Plc  BRSN.L : Barclays raises target price to 1303p from 1235p   
     * BHP Billiton  BLT.L : Exane BNP Paribas raises target by 18 pct to 1060p; neutral   
     * BHP Billiton  BLT.L : Macquarie raises to neutral from underperform  
     * BHP Billiton  BLT.L : Deutsche Bank cuts target price to 1230p from 1240p  
     * BHP Billiton  BLT.L : Independent Research raises target to 1,080.0p from 980.0p; hold   
     * BHP Billiton  BLT.L : JP Morgan raises target price to 1000p from 900p; underweight  
     * BHP Billiton  BLT.L : UBS raises target price to 1200p from 1150p  
     * Brewin Dolphin Holdings Plc  BRW.L : Macquarie raises target price to 280p from 270p   
     * Bunzl  BNZL.L : Barclays raises target price to 2450p from 2000p; rating equal weight   
     * Cairn Energy Plc  CNE.L : Barclays raises target price to 280p from 275p; overweight   
     * Cairn Energy Plc  CNE.L : BMO raises target price to 215p from 200p; market perform   
     * Cairn Energy Plc  CNE.L : Credit Suisse raises target price to 215p from 200p; neutral   
     * Cairn Energy Plc  CNE.L : Deutsche Bank raises target price to 240p from 230p; hold   
     * Cairn Energy Plc  CNE.L : JP Morgan raises target price to 235p from 227p; overweight     
     * Cairn Energy Plc  CNE.L : UBS raises target price to 235p from 220p   
     * CapGemini  CAPP.PA : Bryan Garnier raises fair value to 94 euros from 93 euros; buy   
     * Capital Drilling  CAPD.L : Finncap raises price target to 50p   
     * Carlsberg  CARLb.CO : Bryan Garnier cuts to sell from neutral   
     * Coca Cola HBC  EEEr.AT :ESN/Investment Bank Of Greece ups target to 18.60 euros from 18.50 euros;neutral   
     * Coloplast  COLOb.CO : Credit Suisse raises target to Dkk 590 from Dkk 575;  outperform   
     * Coloplast  COLOb.CO : Jefferies raises target price to Dkk 455 from Dkk 445;underperform   
     * Covestro  1COV.DE : Helvea Baader Bank raises target to 35 euros from 32 euros; sell   
     * DCC Plc  DCC.L : Barclays raises target price to 7800p from 5296p   
     * DCC Plc  DCC.L : Barclays raises to overweight from equal weight   
     * Deutsche Wohnen  DWNG.DE : Kepler Cheuvreux raises target to 38 euros from 31 euros;buy   
     * Diploma Plc  DPLM.L : Barclays cuts to equal weight from overweight   
     * Diploma Plc  DPLM.L : Barclays raises target price to 836p from 831p   
     * DSM  DSMN.AS : Helvea Baader Bank cuts to hold from buy   
     * DSM  DSMN.AS : Helvea Baader Bank raises target price to 65 euros from 62 euros   
     * Eni SpA  ENI.MI : RBC maintains outperform rating; 17 euros price target   
     * Esure Group Plc  ESUR.L : Barclays raises target price to 340p from 337p; overweight  
     * Eurocash SA  EUR.WA : JP Morgan cuts target price to Pln 50.50 from Pln 51.40   
     * Eurocash SA  EUR.WA : JP Morgan cuts to underweight from neutral   
     * Evonik  EVKn.DE : Helvea Baader Bank raises target price to 30 euros from 28 euros; hold   
     * Forbo  FORN.S : Credit Suisse raises target price to Sfr 1,510 from Sfr 1,450;outperform   
     * GEA Group AG  G1AG.DE : JP Morgan raises target to 47.8 euros from 42.9 euros; neutral   
     * Geberit AG  GEBN.S : HSBC raises target price to Sfr 385 from Sfr 350   
     * Gecina SA  GFCP.PA : Jefferies starts with hold rating; 137.70 euros target price   
     * Gem Diamonds Ltd  GEMD.L : Finncap cuts target price to 216p; rating buy   
     * Georgia Healthcare Group Plc  GHGG.L : Renaissance Capital cuts to hold from buy   
     * Georgia Healthcare Group Plc  GHGG.L : Renaissance Capital ups target to 315p from 250p   
     * H&R AG  2HR.DE : Helvea Baader Bank raises target price to 19 euros from 17 euros; buy   
     * Hargreaves Lansdown  HRGV.L : RBC raises target price to 1400p from 1200p;sector perform   
     * Henkel  HNKG_p.DE : Helvea Baader Bank cuts to hold from buy   
     * Henkel  HNKG_p.DE : Helvea Baader Bank raises target price to 121 euros from 112 euros   
     * Hochschild Mining Plc  HOCM.L : BMO raises target price to 450p; rating outperform   
     * Hochschild Mining Plc  HOCM.L : Numis cuts to hold from buy   
     * Hochschild Mining Plc  HOCM.L : Numis raises target price to 320p   
     * IMI Plc  IMI.L : UBS raises target price to 910p from 880p   
     * Indus Holding AG  INHG.DE : HSBC raises target price to 58 euros from 56 euros   
     * Inficon Holding AG  IFCN.S : UBS raises target price to Sfr 400 from Sfr 350   
     * Informa Plc  INF.L : Liberum raises target price to 740p from 670p; rating hold   
     * Interserve  IRV.L : Stifel raises target price to 470p from 447p; rating buy   
     * ISS  ISS.CO : Nordea Equity Research raises target price to Dkk 290 from Dkk 285; buy   
     * John Wood Group Plc  WG.L : Goldman Sachs raises target price to 702.1p from 679p;neutral   
     * Jupiter Fund Management Plc  JUP.L : Macquarie cuts to underperform from neutral.   
     * K+S  SDFGn.DE : Helvea Baader Bank raises target price to 24 euros from 22 euros; buy   
     * Klepierre  LOIM.PA : Jefferies starts with hold rating; 43.30 euros target price   
     * Koninklijke Wessanen  BSWSc.AS : ESN/NIBC Markets cuts to neutral from accumulate   
     * Koninklijke Wessanen BSWSc.AS :ESN/NIBC Markets cuts target to 11.10 euros from 11.50 euros   
     * KPN  KPN.AS : Kepler Cheuvreux cuts target price to 3.40 euros from 3.60 euros   
     * Laura Ashley Holdings Plc  ALY.L : Cantor cuts target price to 30p from 35p; rating buy   
     * Legal & General Group Plc  LGEN.L : Bernstein raises target to 255p from 245p;outperform   
     * Legal & General Group Plc  LGEN.L : Deutsche Bank raises target to 225p from 215p; hold   
     * Linde AG  LING.DE : Independent Research ups target to 156.0 euros from 135.0 euros;hold   
     * Liontrust Asset Management Plc  LIO.L : Macquarie cuts to neutral from outperform   
     * Magnit  MGNTq.L : Goldman Sachs cuts to neutral from buy    
     * Magnit  MGNTq.L : Goldman Sachs removes from Pan-Europe buy list  
     * Man Group Plc  EMG.L : Macquarie cuts fair value to 120p from 180p   
     * Man Group Plc  EMG.L : Macquarie cuts to neutral from outperform.   
     * Matas A/S  MATAS.CO : Jyske Bank cuts target price to Dkk 165 from Dkk 179; strong buy   
     * Matas A/S  MATAS.CO : Nordea Equity Research raises target to Dkk 130 from Dkk 120;hold   
     * MMK  MAGNq.L : Goldman Sachs raises target price to $6.9 from $6; rating neutral  
     * NLMK  NLMKq.L : Goldman Sachs raises target price to $16.8 from $16.3; rating buy  
     * Old Mutual  OMLJ.J : Credit Suisse cuts to neutral from outperform   
     * Old Mutual Plc  OMLJ.J : Credit Suisse cuts price target to 44 Rand from 55 Rand  
     * OTE SA  OTEr.AT : Berenberg starts with sell rating; 8 euros target price   
     * Paysafe Group Plc  PAYS.L : Exane BNP Paribas raises target price to 535p; outperform   
     * Peab AB  PEABb.ST : SEB Equity Research cuts to sell from hold   
     * Pegasus  PGSUS.IS : HSBC cuts target price to Tl 13.8 from Tl 15   
     * Phoenix Mecano  PM.S : Helvea Baader Bank raises target to Sfr 570 from Sfr 560; buy   
     * Polypipe Group Plc  PLP.L : Berenberg cuts target price to 360p from 395p; rating buy   
     * R Stahl AG  RSL2.DE : Bankhaus Lampe cuts target price to 28 euros from 29 euros; hold   
     * Rathbone Brothers Plc  RAT.L : Macquarie cuts fair value to 1870p from 1920p   
     * Renonorden ASA  RENO.OL : Danske Bank cuts target price to Nok 38; rating buy   
     * Rentokil Initial Plc  RTO.L : Barclays raises target price to 238p from 218p; overweight   
     * Rio Tinto  RIO.AX : Morningstar raises fair value estimate to A$32.00 from A$31.00; sell    
     * Robinson Plc  RBSN.L : Finncap cuts target price to 185p from 200p   
     * Rockhopper Exploration  RKH.L : Canaccord Genuity raises target to 80p from 75p;spec.buy   
     * Romgaz  SNGRq.L : Goldman Sachs cuts target price to $6.9 from $8.4; rating neutral  
     * RPC Group Plc  RPC.L : Deutsche Bank starts with buy; target price 970p   
     * RSA Insurance Group Plc  RSA.L : Barclays raises target price to 572p from 568p 
     * Savills Plc  SVS.L : Citigroup raises to buy from neutral   
     * Schroders Plc  SDR.L : Macquarie cuts fair value to 2300p from 2400p   
     * Schroders Plc  SDR.L : Macquarie cuts to underperform from neutral.   
     * Senvion SA  SENG.DE : Berenberg raises target price to 21 euros from 20 euros; buy   
     * SES SA  SESFd.PA : ING cuts target price to 22 euros from 27 euros; rating hold  
     * Severstal  SVSTq.L : Goldman Sachs raises target price to $15 from $12  
     * Severstal  SVSTq.L : Goldman Sachs raises to buy from neutral  
     * Shanta Gold Ltd  SHAN.L : Finncap raises target price to 20p; rating buy   
     * SKF  SKFb.ST : PARETO Securities raises target price to Sek 170 from Sek 140   
     * SKF  SKFb.ST : PARETO Securities raises to buy from hold   
     * Soco International Plc  SIA.L : RBC raises target price to 150p from 140p;sector perform   
     * Spectris Plc  SXS.L : UBS raises target price to 1700p from 1620p   
     * Stabilus SA  STAB.DE : Bankhaus Lampe raises target price to 57 euros from 54 euros;buy   
     * Standard Chartered Plc  STAN.L : HSBC cuts to hold from buy  
     * Standard Life Plc  SL.L : Barclays raises target price to 316p from 315p; equal weight   
     * Standard Life Plc  SL.L : Goldman Sachs raises price target to 365p from 350p; neutral   
     * Swedbank  SWEDa.ST : Jefferies raises target price to Sek 215 from Sek 170   
     * Swedbank  SWEDa.ST : Jefferies raises to buy from hold   
     * Swiss Life  SLHN.S : Helvea Baader raises target price to Sfr 300 from Sfr 290;buy   
     * TAG Immobilien AG  TEGG.DE : Kepler Cheuvreux raises target to 15 euros from 14 euros   
     * Tecan  TECN.S : Credit Suisse raises target price to Sfr 185 from Sfr 170; outperform   
     * Tecan Group AG  TECN.S : Kepler Cheuvreux raises target price to Sfr 156 from Sfr 146   
     * Topdanmark  TOP.CO : Credit Suisse raises price target to Dkk 190 from Dkk 185; neutral   
     * Topdanmark  TOP.CO : Handelsbanken raises target price to Dkk 148 from Dkk 141; reduce   
     * Topdanmark  TOP.CO : Nordea Equity Research raises target to Dkk 178 from Dkk 176; hold   
     * Torm Plc  TRMDa.CO : Danske Bank cuts target price to Dkk 70 from Dkk 85; rating buy   
     * Torm Plc  TRMDa.CO : Nordea Equity Research cuts target price to Dkk 65 from Dkk 90   
     * Torm Plc  TRMDa.CO : Nordea Equity Research cuts to hold from buy  
     * TR Property Investment Trust  TRY.L : Peel Hunt starts with outperform   
     * United Internet AG  UTDI.DE : Bankhaus Lampe cuts target price to 42 euros from 55 euros   
     * United Internet AG  UTDI.DE : Bankhaus Lampe cuts to hold from buy   
     * Vienna Airport  VIEV.VI : Commerzbank raises target price to 27 euros from 25 euros   
     * VTB  VTBRq.L : Credit Suisse cuts target price to $1.15 from $1.25; rating underperform   
     * VZ Holding AG  VZN.S : Helvea Baader cuts target price to Sfr 280 from Sfr 296;  hold   
     * Wienerberger  WBSV.VI : Jefferies cuts target price to 18.70 euros from 19.60 euros; buy   
     * Wood Group  WG.L : Barclays raises target price to 840p from 790p; rating overweight   
     * Wood Group  WG.L : Morgan Stanley raises price target to 900p from 800p; overweight.   
     * WPP Plc  WPP.L : Berenberg raises target price to 1600p from 1490p; rating hold   
     * Zalando SE  ZALG.DE : Bankhaus Lampe raises target price to 46 euros from 45 euros; buy   
     * Zurich Insurance Group  ZURN.S : JP Morgan raises target price to Sfr 281 from Sfr 268 
     
 
 (Compiled by Abdul Nishad C.K. in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/