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 
    * BME  BME.MC : Morgan Stanley raises target to 24.95 euros from 23.25 euros; underweight  
    * 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  
    * CRH PLC  CRH.I : Morgan Stanley ups target to 17 euros from 15.50 euros; equalweight 
    * 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 
    * Deutsche Boerse  DB1Gn.DE : Morgan Stanley ups target to 64 euros; rating equalweight 
    * Deutsche Börse  DB1Gn.DE : RBC ups target to 63 euros from 60 euros; rating sector perform 
    * EasyJet Plc  EZJ.L : Natixis starts with buy; target 1950p 
    * Edenred  EDEN.PA : Barclays raises target to 26 euros from 25 euros; rating overweight 
    * Eni SpA  ENI.MI : S&P Capital IQ cuts target to 19 euros from 19.50 euros; rating hold  
    * Entertainment One  ETO.L : Investec raises target price to 360p from 340p; rating buy 
    * 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 
    * Gas Natural SDG  GAS.MC : Credit Suisse cuts to underperform from neutral  
    * Gas Natural SDG  GAS.MC : Credit Suisse cuts target price to 14 euros from 16.50 euros 
    * 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 
    * ICAP  IAP.L : Morgan Stanley raises target price to 470p from 465p; rating overweight 
    * Imerys SA  IMTP.PA : ESN/CM - CIC Securities cuts to accumulate from buy  
    * ING  ING.AS : S&P Capital IQ cuts to sell from hold 
    * ING  ING.AS : JP Morgan raises target price to 12.50 euros from 12.40 euros; overweight 
    * 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 
    * London Stock Exchange  LSE.L : Morgan Stanley ups target to 2,280p from 1,795p 
    * 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 
    * Moscow Exchange  MOEX.MM : Morgan Stanley ups target to 71.30 roubles; equal-weight  
    * 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 
    * Pandora A/S  PNDORA.CO : HSBC raises target price to Dkk 385 from Dkk 340; overweight 
    * Paragon  PARA.L : Espirito Santo Investment Bank ups fair value by 13.5 pct to 481p; buy 
    * Porr AG  ABGV.VI : Helvea starts with a buy rating 
    * 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 
    * Ryanair Holdings  RYA.I : Natixis starts with reduce rating; target 6.50 euros 
    * Saipem  SPMI.MI : Morgan Stanley resumes coverage with equalweight rating 
    * Saipem  SPMI.MI : Macquarie cuts target to 15.8 euros from 17.7 euros; rating neutral 
    * Sampo  SAMAS.HE : JP Morgan cuts target to 39.70 euros from 40 euros; rating overweight 
    * Schneider Electric  SCHN.PA : Morgan Stanley resumes coverage with overweight rating 
    * 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 
    * Societe Generale  SOGN.PA : S&P Capital IQ ups target to 53 euros from 47 euros; buy 
    * Sydbank  SYDB.CO : Nordea Equity Research cuts target to Dkk 160 from Dkk 165; hold 
    * Talentum Oyj  TTM1V.HE : ESN/Pohjola raises to accumulate from hold 
    * Tate & Lyle  TATE.L : Davy cuts rating to underperform from neutral  
    * 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 
    * Telecity Group  TCY.L : Evercore cuts target price to 700p from 775p; rating equal-weight 
    * Telecity Group  TCY.L : RBC cuts target price to 800p From 977p; rating outperform 
    * TomTom NV  TOM2.AS : Nomura cuts target to 4.44 euros from 5.60 euros; rating neutral 
    * TUI AG  TUIGn.DE : DZ bank cuts to sell from buy 
    * Tullett Prebon  TLPR.L  : Morgan Stanley raises target to 335p from 325p; equal-weight 
    * 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 
    * Yara International  YAR.OL : BMO cuts target to Nok 265 from Nok 290; rating outperform 
    * 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/