EUROPE RESEARCH ROUNDUP: Next Plc, Swiss Life, Publicis, Weir Group

Banimmo SA

30/07/2013 15:42

July 30 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Next Plc and Swiss Life, on Tuesday.  
     
    HIGHLIGHTS 
    * Next Plc  NXT.L : S&P Capital IQ raises to hold from sell; target to 5500p from 4000p 
    * Aberdeen Asset Management  ADN.L : Morgan Stanley cuts to equal weight from overweight 
    * Swiss Life  SLHN.VX : Credit Suisse raises target price to Sfr 156 from Sfr 138 
    * Publicis  PUBP.PA : Deutsche Bank raises to hold from sell 
    * Weir Group  WEIR.L : Investec raises to buy from hold 
 
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.    
     
    * Aberdeen Asset Management  ADN.L : Morgan Stanley cuts to equal weight from overweight 
    * Aberdeen Asset Management  ADN.L : Morgan Stanley cuts price target to 435p from 471p 
    * Aberdeen Asset Management  ADN.L : Berenberg cuts target to 500p from 580p; rating buy 
    * Aberdeen Asset Management  ADN.L : JP Morgan ups target to 509p from 476p 
    * Acino Holding  ACIN.S : Helvea cuts to neutral from accumulate 
    * Actelion Ltd  ATLN.VX : Jefferies raises target price to Sfr 71 from Sfr 61; rating  
    * Aedifica  AOO.BR : ING raises target price to 45.2 euros from 44.5 euros; rating hold  
    * Aegon  AEGN.AS : Credit Suisse raises target to 5.80 euros from 5.60 euros; rating neutral 
    * Aegon  AEGN.AS : JP Morgan ups target to 6.35 euros from 5.74 euros; rating overweight 
    * African Minerals  AMIq.L : Citigroup cuts target price to 380p from 390p; rating buy 
    * African Minerals  AMIq.L : Deutsche Bank cuts target price to 550p from 570p; rating buy 
    * Air France KLM  AIRF.PA : Commerzbank cuts target to 6.50 euros from 8.70 euros; hold 
    * Air France KLM  AIRF.PA : S&P Capital IQ raises to hold from sell 
    * Air France KLM  AIRF.PA : S&P Capital IQ cuts price target to 7 euros from7.50 euros 
    * Allianz  ALVG.DE : Credit Suisse cuts target to 131 euros from 134 euros; rating neutral  
    * Asya Katilim Bankasi  ASYAB.IS : Citigroup raises to buy from neutral 
    * Asya Katilim Bankasi  ASYAB.IS : Citigroup cuts target price to Tl 2.45 from Tl 2.50  
    * Banco De Sabadell  SABE.MC : Nomura cuts target to 1.30 from 1.50 euros; rating reduce  
    * Banimmo  BANI.BR : ING cuts to hold from buy 
    * Bankia  BKIA.MC : Nomura raises target price to 0.48 euros from 0.41 euros; rating reduce  
    * Bankinter  BKT.MC : Nomura raises target price to 2.50 euros from 2.22euros; rating reduce 
    * Basf SE  BASFn.DE : Jefferies cuts price target to 74 euros from 79 euros; rating hold 
    * BPost  BPOST.BR : RBC starts with outperform; target price 15.50 euros 
    * BT Group  BT.L : Nomura raises target price to 390p from 375p  
    * Capital & Counties  CAPCC.L : Investec raises price target to 300p from 210p; rating sell 
    * Celesio AG  CLSGn.DE : ESN/Equinet Bank cuts to sell from reduce 
    * Cofinimmo SA  COFB.BR : ING cuts price target to 86.90 euros from 90.80 euros; rating hold 
    * Daimler AG  DAIGn.DE : HSBC raises target price to 60 euros from 57 euros; rating overwei 
    * Danone SA  DANO.PA : HSBC raises target price to 66 euros from 64 euros; rating overweight 
    * Delta Lloyd  DLL.AS : JP Morgan ups target to 16.17 euros from 13.56 euros; rating neutral 
    * Domino's Pizza  DOM.L : Canaccord Genuity cuts target price to 500p from 550p; rating sell 
    * Eiffage SA  FOUG.PA : HSBC cuts to neutral from overweight 
    * Elan  ELN.I : UBS raises target price to 12.4 euros from 11.3 euros; rating neutral 
    * Essilor  ESSI.PA : UBS raises price target to 100 euros from 98 euros; rating buy 
    * Fidessa  FDSA.L : UBS raises price target to 1800p from 1700p 
    * Fidessa  FDSA.L : Credit Suisse raises target price to 2400p from 2213p; rating outperform 
    * Fidessa  FDSA.L : JP Morgan cuts target price to 1749p from 1757p; rating underweight 
    * Fidessa  FDSA.L : Panmure raises price target to 1504p from 1483p; rating hold 
    * Fresenius Medical Care  FMEG.DE : S&P Capital IQ cuts to sell from hold 
    * Fresenius Medical Care  FMEG.DE : S&P Capital IQ cuts target to 44 euros from 52 euros 
    * Galenica AG  GALN.S : Kepler Cheuvreux cuts to hold from buy 
    * Gem Diamonds  GEMD.L : JP Morgan cuts target price to 180p from 193p; rating overweight 
    * Hiscox  HSX.L : UBS raises price target to 620p from 560p; rating neutral 
    * Hiscox  HSX.L : Citigroup raises target price to 610p from 512p; rating neutral 
    * Hiscox  HSX.L : Canaccord Genuity raises target price to 670p from 600p; rating hold 
    * Int'l Personal Finance  IPF.L : Canaccord Genuity raises target to 700p from 530p; buy 
    * Intertek  ITRK.L : Berenberg cuts target price to 3300p from 3340p; rating buy 
    * Intertek  ITRK.L : UBS cuts price target to 3100p from 3200p; rating neutral 
    * Ipsos  ISOS.PA : UBS cuts price target to 32 euros from 33 euros; rating buy 
    * Jazztel  JAZ.MC : HSBC raises target price to 7.5 euros from 6.8 euros; rating overweight 
    * JCDecaux  JCDX.PA : Morgan Stanley ups target to 22.25 from 20.25 euros 
    * JCDecaux  JCDX.PA : Nomura ups target to 22.50 euros from 21.50 euros; rating neutral 
    * JCDecaux  JCDX.PA : Berenberg raises price target to 26 euros from 25 euros; rating buy 
    * JCDecaux  JCDX.PA : Barclays raises target to 24 euros from 19.50 euros; equal weight 
    * JCDecaux  JCDX.PA : Natixis raises target to 21.3 euros from 20.3 euros; rating neutral 
    * Keller Group  KLR.L : Liberum raises price target to 1050p from 955p; rating hold 
    * Kemira  KRA1V.HE : JP Morgan cuts target to 14.40 from 14.80 euros; rating overweight 
    * Lafarge  LAFP.PA : Natixis cuts price target to 58 euros from 60 euros; rating buy 
    * Lafarge  LAFP.PA : UBS cuts price target to 57 euros from 60 euros; rating buy 
    * Lonza  LONN.VX : S&P Capital IQ raises to hold from sell 
    * Lonza  LONN.VX : S&P Capital IQ raises price target to Sfr 74 fromSfr 60 
    * MTU Aero Engines  MTXGn.DE : Berenberg cuts target to 72 euros from 75 euros; rating hold 
    * Nexans SA  NEXS.PA : JP Morgan cuts target to 35.50 euros from 36.50 euros; rating neutral 
    * Next PLC  NXT.L : Panmure raises price target to 5330p from 4840p; rating buy 
    * Next PLC  NXT.L : S&P Capital IQ raises to hold from sell; target to 5500p from 4000p 
    * Nyrstar  NYR.BR : ING cuts price target to 3 euros from 3.30 euros 
    * Pace  PIC.L : Jefferies raises target price to 338p from 263p; ratin buy  
    * Pace  PIC.L : Canaccord Genuity raises target price to 320p from 286p; rating buy 
    * Panalpina  PWTN.S : Morgan Stanley ups target to Sfr 150 from Sfr 130; rating overweight 
    * Panalpina  PWTN.S : HSBC raises to neutral from underweight 
    * Panalpina  PWTN.S : HSBC raises target price to Sfr 125 from Sfr 78 
    * Petra Diamonds  PDL.L : Numis raises target price to 170p from 150p; rating buy 
    * Publicis  PUBP.PA : Deutsche Bank raises to hold from sell 
    * Publicis  PUBP.PA : Deutsche Bank raises target price to 64 euros from 50 euros  
    * Publicis  PUBP.PA : Natixis raises price target to 56 euros from 53 euros; rating neutral 
    * Pure Wafer  PUR.L : WH Ireland raises target price to 11p from 9.75p; rating buy 
    * Reckitt Benckiser  RB.L : S&P Capital IQ cuts price target to 4800p fom 4850p; rating hold 
    * Reckitt Benckiser  RB.L : JP Morgan raises target price to 4450p from 4300p rating neutral 
    * Reckitt Benckiser  RB.L : Investec cuts target price to 4425p from 4450p; rating sell 
    * Recordati  RECI.MI : Jefferies ups target price to 7.7 euros from 7.4 euros; rating hold 
    * Rheinmetall  RHMG.DE : Commerzbank cuts target to 33 euros from 38 euros; rating hold 
    * Rheinmetall  RHMG.DE : ESN/Equinet Bank cuts to reduce from hold 
    * Rheinmetall  RHMG.DE : ESN/Equinet Bank cuts target price to 36 euros from 40 euros 
    * Rheinmetall  RHMG.DE : S&P Capital IQ cuts target to 35 euros from 41.50 euros; hold 
    * Rhoen Klinikum  RHKG.DE : Berenberg raises target to 18.65 euros from 15.95 euros; hold 
    * Rightmove  RMV.L : JP Morgan raises target price to 2667p from 2167p; rating overweight 
    * Rio Tinto  RIO.L : UBS raises price target to 3650p from 3640p; rating buy 
    * Ryanair  RYA.I : Panmure raises target price to 8 euros from 6.70 euros; rating buy 
    * Sabanci Holding  SAHOL.IS : Morgan Stanley starts with equal weight; price target Tl 10.95 
    * Saint Gobain  SGOB.PA : UBS raises price target to 33 euros from 31 euros; rating neutral 
    * Senior  SNR.L : Citigroup raises target price to 300p from 277p; rating  
    * Sika AG  SIK.VX : Helvea raises target price to Sfr 2700 from Sfr 2300; rating neutral 
    * Solvay  SOLB.BR : Berenberg raises price target to 88 euros from 85 euros; rating sell 
    * Steria  TERI.PA : Natixis cuts price target to 12.8 euros from 13.8 euros; rating buy 
    * Swiss Life  SLHN.VX : Credit Suisse raises target price to Sfr 156 from Sfr 138 
    * Technicolor  TCH.PA : Goldman Sachs ups target to 5.5 euros from 5 euros 
    * Temenos  TEMN.S : UBS raises price target to Sfr 26.5 from Sfr  
    * Thrombogenics  THR.BR : JP Morgan starts with neutral; target price 34 euros 
    * TMK  TRMKq.L : UBS raises to buy from neutral 
    * TNT Express  TNTE.AS : Nomura ups target to 4.90 euros from 4.80 euros; rating neutral 
    * Turkiye Garanti Bankasi  GARAN.IS : Citigroup raises to buy from neutral 
    * Turkiye Garanti Bankasi  GARAN.IS : Citigroup cuts target price to Tl 9.15 from Tl 9.50  
    * Turkiye Halk Bankasi  HALKB.IS : Citigroup cuts target to Tl 18.25 from Tl 24.20 
    * Turkiye Is Bankasi  ISCTR.IS : Citigroup raises to buy from neutral 
    * Turkiye Is Bankasi  ISCTR.IS : Citigroup cuts target price to Tl 6.10 from Tl 7  
    * Turkiye Vakiflar Bankasi  VAKBN.IS : Citigroup raises to buy from neutral 
    * Turkiye Vakiflar Bankasi  VAKBN.IS : Citigroup cuts target price to Tl 4.95 from Tl 6  
    * Unibail-Rodamco  UNBP.AS : HSBC ups target to 193 euros from 186 euros; rating neutral 
    * Weir Group  WEIR.L : Investec raises to buy from hold 
    * Wereldhave  WEHA.AS : ING cuts to hold from buy 
    * Wereldhave  WEHA.AS : ING cuts price target to 56.70 euros from 59.70 euros 
    * WPP Group  WPP.L : HSBC raises target price to 1215P from 1150P; rating neutral 
    * WYG Plc  WYGR.L : N+1 Singer raises target price to 110p from 90p; rating buy 
    * Yapi Ve Kredi Bankasi  YKBNK.IS : Citigroup cuts target price to Tl 4.85 from Tl 5.90 
    * Zurich Insurance  ZURN.VX : Credit Suisse cuts target to Sfr 280 from Sfr 283; neutral  
 
 (Compiled by Rachel Chitra in Bangalore) 
 ((rachel.chitra@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 6749 
6149)(Reuters Messaging: rachel.chitra.reuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/