Europe Research Roundup: Anglo American, SocGen, ING, Deutsche Boerse

Banimmo SA

13/02/2014 15:58

Feb 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Aberdeen Asset Management and ING, on Thursday.  
     
    HIGHLIGHTS 
    * Aberdeen Asset Management  ADN.L : Jefferies cuts to underperform from hold  
    * ING  ING.AS : S&P Capital IQ cuts to sell from hold 
    * Banco Popolare  BAPO.MI  : Nomura raises to buy from reduce  
       
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.  
     
    * Aberdeen Asset Management  ADN.L : Jefferies cuts to underperform from hold  
    * Aberdeen Asset Management  ADN.L : Jefferies cuts target price to 350p from 430p 
    * African Barrick Gold  ABGL.L : Numis raises target price to 170p from 130p; rating sell 
    * African Barrick Gold  ABGL.L : Deutsche Bank raises target to 240p from 190p; rating hold 
    * African Barrick Gold  ABGL.L : Numis raises target price to 170p from 130p; rating sell 
    * Akka Technologies  AKA.PA : Natixis ups target to 23 euros from 21 euros;rating neutral 
    * Anglo American Plc  AGLJ.J : JP Morgan cuts to underweight from neutral  
    * Anglo American PLC  AAL.L : JP Morgan raises target price to 1260p from 1200p 
    * AstraZeneca  AZN.L : Berenberg cuts target price to 3570p from 3600p; rating hold  
    * Banco BPI SA BBPI.LS : Nomura cuts to neutral from buy  
    * Banco Popular Espanol  POP.MC  : Nomura raises target to 3.50 euros from 3 euros; reduce 
    * Banco Espirito Santo  BES.LS : Nomura raises to buy from reduce  
    * Banco Popolare  BAPO.MI  : Nomura raises to buy from reduce  
    * Banimmo  BANI.BR : ESN/BANK Degroof cuts to hold from accumulate 
    * Barco  BAR.BR : ING cuts target price to 57 euros from 62 euros; rating hold 
    * Bellzone Mining  BZM.L : Canaccord Genuity cuts target to 3.8p from 5.3p; rating hold 
    * BIC  BICP.PA : Socgen raises to target price to 86 euros from 102 euros 
    * Bilfinger  GBFG.DE : UBS cuts target price to 84 euros from 86 euros; rating neutral 
    * Binckbank  BINCK.AS : ING raises target price to 9.30 euros from 8.40 euros; rating buy 
    * BNP Paribas  BNPP.PA : ESN/CM - CIC Securities cuts to hold from accumulate 
    * Boliden  BOL.ST : HSBC cuts to underweight from neutral 
    * bpost NV  BPOST.BR : Ing raises target price to 18.20 euros from 17.70 euros; rating buy 
    * Bull  BUL.PA : ESN/CM - CIC Securities raises to accumulate from reduce 
    * Caixabank  CABK.MC  : Nomura raises to buy from neutral  
    * CTS Eventim  EVDG.DE : Berenberg raises to buy from hold 
    * CTS Eventim  EVDG.DE : Berenberg raises target to 48 euros from 32 euros 
    * Danske Bank  DANSKE.CO : Berenberg raises target to Dkk 102 from Dkk 98; rating sell 
    * Edenred  EDEN.PA : Barclays raises target to 26 euros from 25 euros; rating overweight 
    * Exel Composites  EXL1V.HE : ESN/Pohjola raises to hold from reduce 
    * Faurecia  EPED.PA : SocGen raises target price to 35 euros from 25 euros; rating hold 
    * Faurecia  EPED.PA : JP Morgan raises target to 36 euros from 33 euros; rating overweight 
    * Faurecia  EPED.PA : Deutsche Bank raises target to 36 euros from 30 euros; rating buy 
    * Gas Natural Fenosa  GAS.MC : Credit Suisse cuts to underperform form neutral 
    * Gategroup Holding  GATE.S : Credit Suisse starts with outperform  
    * Gategroup Holding  GATE.S : Credit Suisse starts with target price of Sfr 34 
    * Hogg Robinson  HRG.L : Canaccord Genuity raises target price to 110p from 85p; rating buy 
    * ING  ING.AS : S&P Capital IQ cuts to sell from hold 
    * Intercontinental Hotels  IHG.L : Barclays cuts target to 1930p from 2000p; equal weight 
    * Kering  PRTP.PA : JP Morgan cuts to neutral from overweight rating 
    * Kuoni Reisen Holding  KUNN.S : Credit Suisse starts with neutral 
    * Kuoni Reisen Holding  KUNN.S : Credit Suisse starts with target price Sfr 435  
    * Ladbrokes  LAD.L : Davy cuts to underperform from neutral  
    * Lectra  LECS.PA : SocGen cuts target price to 8 euros from 8.6 euros; rating hold 
    * Mapfre  MAP.MC : Barclays raises target to 3.40 euros from 3.30 euros; rating overweight 
    * Morgan Advanced Materials  MGAMM.L : Investec raises target to 410p from 405p; rating buy 
    * Novo Nordisk  NOVOb.CO : UBS raises target price to Dkk 260 from Dkk 230; rating buy 
    * Oxford Instruments  OXIG.L : Liberum cuts target price to 1625p from 1650p; rating buy 
    * Oxford Instruments  OXIG.L : Investec cuts target price to 1400p from 1515p; rating hold 
    * Puma  PUMG.DE : JP Morgan cuts to underweight from neutral 
    * Redcentric  RCN.L : Finncap raises target price to 135p from 115p 
    * Renold  RNO.L : Finncap raises target price to 79p; rating buy 
    * Sampo  SAMAS.HE : JP Morgan cuts target to 39.70 euros from 40 euros; rating overweight 
    * Shire PLC  SHP.L : Panmure raises target price to 3560p from 3100p; rating buy 
    * Societe Generale  SOGN.PA : UBS ups target to 49.50 euros from 47 euros; rating neutral 
    * Societe Generale  SOGN.PA : Nomura raises target to 55 euros from 48 euros; rating buy 
    * Societe Generale  SOGN.PA : Deutsche Bank ups target to 52 euros from 49 euros; buy 
    * Telenor  TEL.OL : HSBC cuts to neutral from overweight 
    * Telenor  TEL.OL : Deutsche Bank cuts target price to Nok 143 from Nok 154; rating buy 
    * Telecity Group  TCY.L : Citigroup cuts target price to 850p From 970p; rating buy 
    * Tullow Oil  TLW.L : Deutsche Bank cuts target price to 950p from 980p; rating hold 
    * Tullow Oil  TLW.L : Goldman Sachs cuts target price to 1030p from 1080p; rating buy 
    * Valora Holding  VALN.S : Credit Suisse starts with neutral  
    * Valora Holding  VALN.S : Credit Suisse starts with target Sfr 252 
    * Volvo  VOLVb.ST : Berenberg raises target price to Sek 104 from Sek 102; rating buy 
    * William Hill  WMH.L : Davy cuts to neutral from outperform 
    * WS Atkins  ATKW.L : Jefferies raises target price to 1450p from 1300p; rating hold 
    * YouGov  YOU.L : Panmure raises target price to 130p from 95p; rating buy 
 
 
 (Compiled by Archana Lakshmi Narasiah in Bangalore) 
 ((archana.narasiah@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6677 
1190)(Reuters messaging:archana.narasiah.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/