Europe Research Roundup: Air France-KLM, Voestalpine, Zurich Insurance

Banque Cantonale Vaudoise

23/02/2016 08:37

Feb 23 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Air France-KLM, Voestalpine and Zurich Insurance, on Tuesday.  
     
     
    HIGHLIGHTS 
    * Air France-KLM  AIRF.PA : Citigroup raises target price to 12 euros from 9 euros; buy   
    * Syngenta AG  SYNN.VX : Morgan Stanley resumes coverage with equal-weight rating   
    * WS Atkins Plc  ATKW.L : RBC raises to outperform from sector perform 
    * Voestalpine AG  VOES.VI : Berenberg cuts to hold from buy   
    * Zurich Insurance Group AG  ZURN.VX : Berenberg cuts to hold from buy 
    
     
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order. 
     
     
    * Air France-KLM  AIRF.PA : Citigroup raises target price to 12 euros from 9 euros; buy   
    * Associated British Foods Plc  ABF.L : SocGen raises target price to 3400p from 3200p; hold 
  
    * Bank of Ireland  BKIR.I : Citigroup cuts target price to eur 0.23 from eur 0.28; sell   
    * BCV  BCVN.S : Credit Suisse raises target price to Sfr 550 from Sfr 525; underperform   
    * BNP Paribas SA  BNPP.PA : HSBC cuts target price to 56 euros from 59 euros; rating buy   
    * Cairn Energy Plc  CNE.L : JP Morgan raises target price to 175p from 170p; overweight   
    * Clariant AG  CLN.VX : HSBC cuts target price to Sfr 17 from Sfr 19; rating hold   
    * Deutsche Post Dhl  DPWGn.DE : Jefferies cuts price target to 23 euros from 26 euros; hold  
    * DNB ASA  DNB.OL : JP Morgan cuts target price to Nok 112 from Nok 113; rating neutral   
    * Efg International AG  EFGN.S : Nomura cuts price target to Sfr 10 from Sfr 11.50; reduce   
    * Eiffage SA  FOUG.PA : JP Morgan raises target price to 76 euros from 71 euros; overweight  
    * Engie SA  ENGIE.PA : JP Morgan cuts target price to 15 euros from 21 euros; rating neutral 
  
    * Enquest Plc  ENQ.L : JP Morgan raises target price to 52p from 46p; rating neutral   
    * Euler Hermes  ELER.PA : HSBC cuts target price to 73 euros from 80 euros; rating reduce   
    * Ferratum Oyj  FRU.DE : Berenberg starts with buy; 31.50 euros target price   
    * HSBC Holdings Plc  HSBA.L : JP Morgan cuts target price to 410p from 430p; underweight 
    * IG Group Holdings Plc  IGG.L : RBC cuts target price to 800p from 850p; sector perform   
    * Interpump  ITPG.MI : Citigroup cuts target price to 14 euros from 16 euros   
    * Lafargeholcim Ltd  LHN.VX : Goldman Sachs cuts target price to Sfr 55.8 from Sfr 68.5; buy 
  
    * Lancashire Holdings  LRE.L : Morgan Stanley cuts target to 642p from 679p; equal-weight   
    * Leoni AG  LEOGn.DE : JP Morgan cuts target price to 23 euros from 30 euros; underweight   
    * London stock Exchange  LSE.L : HSBC cuts target price to 2500p from 2700p; rating hold   
    * Mediclinic International Plc  MDCM.L : HSBC starts with reduce rating; 792p target price   
    * Mitie Group Plc  MTO.L : RBC cuts price target to 310p from 350p; rating outperform   
    * Nestle SA  NESN.VX : JP Morgan cuts target price to Sfr 78 from Sfr 80; rating overweight  
    * Nestle SA  NESN.VX : Nomura cuts price target to Sfr 88 from Sfr 91; rating buy   
    * OCI NV  OCI.AS : HSBC raises to buy from hold; cuts target to 22.5 euros from 23.63 euros  
    * Paddy Power Betfair Plc  PPB.I : Jefferies starts with hold; price target 9,400p   
    * Prudential Plc  PRU.L : Barclays raises target price to 1754p from 1726p; overweight   
    * Royal Dutch Shell Plc  RDSa.L : HSBC raises target price to 1825p from 1720p; rating buy   
    * Royal Dutch Shell Plc  RDSb.L : HSBC raises target price to 1825p from 1720p; rating buy 
    * Safilo  SFLG.MI : Citigroup cuts target price to 9 euros from 11.5 euros   
    * St Galler Kantonalbank  SGKN.S : Credit Suisse ups target to Sfr 380 from Sfr 340; neutral 
  
    * Statoil  STL.OL : HSBC raises target price to Nok 139 from Nok 127; rating buy   
    * Syngenta AG  SYNN.VX : Morgan Stanley resumes coverage with equal-weight rating   
    * Tarkett SA  TKTT.PA : SocGen cuts target price to 33.7 euros from 35 euros; rating buy   
    * Telecom Italia SpA  TLIT.MI : Barclays cuts target to eur 0.90 from eur 1.08; underweight  
    * Telecom Italia  TLITn.MI : Barclays cuts target price to eur 0.7 from eur 0.86;underweight 
    * Topdanmark  TOP.CO : HSBC cuts target price to Dkk 181 from Dkk 206; rating buy   
    * Total  TOTF.PA : HSBC raises target price to 46 euros from 45 euros; rating buy   
    * Trelleborg AB  TRELb.ST : Nomura cuts price target to Sek 151 from Sek 164; rating neutral 
  
    * Tupras  TUPRS.IS : JP Morgan cuts target price to Tl 82 from Tl 84; rating overweight   
    * Valiant Holding AG  VATN.S : Credit Suisse cuts target to Sfr 110 from Sfr 130; outperform 
  
    * Vinci SA  SGEF.PA : JP Morgan raises target price to 70 euros from 68 euros; overweight   
    * Voestalpine AG  VOES.VI : Berenberg cuts to hold from buy   
    * WS Atkins Plc  ATKW.L : RBC raises to outperform from sector perform   
    * WS Atkins Plc  ATKW.L : RBC cuts target price to 1,400p from 1,550p   
    * Zurich Insurance Group AG  ZURN.VX : Berenberg cuts to hold from buy 
    * Zurich Insurance Group AG  ZURN.VX : Berenberg cuts target price to Sfr 236 from Sfr 261   
    * Zurich Insurance Group AG  ZURN.VX : SocGen cuts target price by 8 pct to Sfr 180; sell    
   
 
 (Compiled by Geetha Panchaksharam in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/