Europe Research Roundup: BAE Systems, Evonik Industries, Lenenergo

Bagfas Bandirma Gubre Fabrikalari AS

03/11/2016 07:02

Nov 3 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including BAE Systems, Evonik Industries and Lenenergo, on Thursday.  
     
    HIGHLIGHTS 
      
     * BAE Systems Plc  BAES.L : Morgan Stanley raises to overweight from equal-weight 
     * Evonik Industries AG  EVKn.DE : Berenberg cuts to hold from buy 
     * Lenenergo PAO  LSNG_p.MM : Renaissance Capital raises to buy from sell 
     
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.    
     
     
     * ABB Ltd  ABBN.S : Berenberg cuts target price to Sfr 17 from Sfr 19 
     * BAE Systems Plc  BAES.L : Morgan Stanley raises to overweight from equal-weight 
     * Bagfas  BAGFS.IS : HSBC cuts target price to Tl 11.3 from Tl 14.8; rating hold 
     * Banco Popular  POP.MC : Berenberg cuts target price to 0.70 euro from 1 euro 
     * BP Plc  BP.L : Jefferies raises target price to 430p from 400p; rating hold 
     * Braas Monier  BMSA.DE : HSBC cuts target price to 28 euros from 28.5 euros ; rating buy 
     * Cerved  CERV.MI : HSBC raises target price to 8.65 euros from 8.46 euros; rating buy 
     * Coca-Cola Icecek As  CCOLA.IS : Deutsche Bank cuts target price to Tl 45 from Tl 46; buy 
     * Drillisch AG  DRIG.DE : Jefferies raises target price to 53 euros; rating buy 
     * Esure Group Plc  ESUR.L : Barclays cuts target price to 245p from 340p; rating overweight 
     * Evonik Industries AG  EVKn.DE : Berenberg cuts target price to 29 euros from 33 euros 
     * Evonik Industries AG  EVKn.DE : Berenberg cuts to hold from buy 
     * Freenet AG  FNTGn.DE : Jefferies raises target price to 27 euros; rating hold 
     * G4S Plc  GFS.L : RBC raises target price to 280p from 260p; rating outperform 
     * Hugo Boss AG  BOSSn.DE : Barclays raises target to 59 euros from 54 euros; equal weight 
     * Kerry Group Plc  KYGa.I : Berenberg cuts target price to 85 euros from 88.50 euros; buy 
     * Lenenergo PAO  LSNG_p.MM : Renaissance Capital raises to buy from sell 
     * Lufthansa AG  LHAG.DE : HSBC raises target price to 9.5 euros from 8.25 euros; reduce 
     * Lundin Petroleum AB  LUPE.ST : Jefferies raises target price to Sek 195 from Sek 180;buy 
     * Millicom  MICsdb.ST : Citigroup cuts target price to Sek 400 
     * Next Plc  NXT.L : Berenberg cuts target price to 4650p from 4800p 
     * Nord Gold SE  NORDNq.L : Deutsche Bank cuts target price to $5 from $5.1; rating buy 
     * Nostrum Oil & Gas Plc  NOGN.L : Renaissance Capital raises target to 388p from 290p;hold 
     * Novo Nordisk  NOVOb.CO : Jefferies cuts target price to Dkk 230 from Dkk 285; rating hold 
     * PKN Orlen  PKN.WA : Berenberg starts with sell; target price Pln 62 
     * Royal Bank of Scotland  RBS.L : RBC cuts target price to 160p from 165p; underperform 
     * Tullett Prebon Plc  TLPR.L : HSBC raises target price to 460p from 440p; rating buy 
     * United Internet AG  UTDI.DE : Jefferies cuts target price to 51 euros; rating buy 
     
     
 
 (Compiled by Bengaluru Newsroom) 
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Keywords: RESEARCH EUROPE/