Europe Research Roundup: Ahold, Kuoni, Next

Bagfas Bandirma Gubre Fabrikalari AS

24/06/2015 06:51

June 24 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Grupo Catalana Occidente, Monitise and Bagfas, on Wednesday.  
     
    HIGHLIGHTS 
    * Next  NXT.L : Barclays raises to overweight from equal weight 
    * Kuoni  KUNN.S : Credit Suisse cuts to neutral from outperform 
    * Monitise Plc  MONI.L : Jefferies cuts to hold from buy 
    * Ahold NV  AHLN.AS : ING raises to buy from hold 
    * Grupo Catalana Occidente  GCO.MC : UBS raises to neutral from sell 
                       
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.   
     
    * Ahold NV  AHLN.AS : ING raises to buy from hold 
    * Ahold NV  AHLN.AS : ING raises price target to 22 euros     
    * Auto Trader  AUTOA.L : Barclays starts with equal weight rating 
    * Auto Trader  AUTOA.L : Barclays starts with target price 315p 
    * Bagfas  BAGFS.IS : HSBC raises target price to Tl 16.30 from Tl 16 
    * Bagfas  BAGFS.IS : HSBC raises to buy from hold 
    * Delhaize  DELB.BR : ING raises price target to 116 euros; rating buy  
    * Grupo Catalana Occidente  GCO.MC : UBS raises price target to 28 euros from 25.80 euros 
    * Grupo Catalana Occidente  GCO.MC : UBS raises to neutral from sell 
    * Kuoni  KUNN.S : Credit Suisse cuts price target to Sfr 315 from Sfr 365 
    * Kuoni  KUNN.S : Credit Suisse cuts to neutral from outperform 
    * Monitise Plc  MONI.L : Jefferies cuts price target to 15p from 36p 
    * Monitise Plc  MONI.L : Jefferies cuts to hold from buy 
    * Next  NXT.L : Barclays raises to overweight from equal weight 
    * Next  NXT.L : Barclays raises target price to 90p from 74p 
    * Rai Way SpA  RWAY.MI : Berenberg starts with buy rating 
    * Rai Way SpA  RWAY.MI : Berenberg starts with target price 4.85 euros 
    * Rightmove Plc  RMV.L : Barclays raises target price to 3750p from 3350p; rating overweight 
    * Tullow Oil Plc  TLW.L : Cantor cuts price target to 328p from 342p; rating sell 
    * Zoopla ZPLAZ.L>: Barclays raises target price to 295p from 260p; rating overweight   
 
 
 (Compiled by Tenzin Pema in Bengaluru) 
 ((tenzin.pema@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. + 91 80 6749 6131; 
Reuters Messaging: tenzin.pema1.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/