EUROPE RESEARCH ROUNDUP: Akzo Nobel, UBS, Nestle, TNT Express
19/02/2013 18:47
Feb 19 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including, Akzo Nobel, Nestle and Philips, on Tuesday.
HIGHLIGHTS
* UBS AG : Credit Suisse cuts to neutral from outperform
* Nestle SA : SocGen raises target price to Sfr 71 from Sfr 68; rating buy
* TNT Express NV : Citigroup raises target price to 5.59 euros from 5.11 euros
* Standard Chartered : Morgan Stanley raises to overweight from equal-weight
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Aberdeen Asset Management : SocGen raises target price to 420p from 400p
* African Barrick Gold : Canaccord Genuity cuts target price to 305p from 360p
* Ahold : JP Morgan starts with overweight rating; target price 12.20 euros
* Aker Solutions : HSBC cuts target price to nok 144 from nok 150
* Anglo American : SocGen raises target price to 1900p from 1700p; rating sell
* Anglo American : JP Morgan cuts target price to 1640p from 1680p
* Akzo Nobel NV : HSBC raises target price to 55 euros from 52 euros
* Ashmore Group : RBC cuts price target to 405p from 415p; rating outperform
* Atos : Jefferies raises target price to 56 euros from 37 euros; rating hold
* Aurubis : Deutsche Bank raises target price to 58 euros from 45 euros
* Banque Cantonale Vaudoise : Vontobel raises target price to Sfr 530 from Sfr 490
* Beazley : Westhouse Research cuts to add from buy; target price 235p
* Booker Group Plc : JP Morgan starts with overweight rating; target price 122p
* Bovis Homes Group : Panmure cuts to hold from buy
* Brammer : Investec raises price target to 390p from 365p; rating buy
* Burberry : Exane cuts target price to 1586p from 1625p; rating neutral
* Carillion : Berenberg raises to buy from hold; price target to 370p from 280p
* Carlsberg A/S : SocGen raises target price to Dkk 530 from Dkk 500
* Carlsberg A/S : Deutsche Bank raises target price to Dkk 575 from Dkk 560
* Carlsberg A/S : Bernstein cuts target price to Dkk 760 from Dkk 800
* Carlsberg A/S : Exane cuts target price by 7 percent to Dkk 700
* Carlsberg A/S : Natixis raises target price to Dkk 550 from Dkk 500
* Carlsberg A/S : Credit Suisse raises target price to Dkk 500 from Dkk 460
* Carrefour SA : JP Morgan starts with overweight rating; target price 25 euros
* Casino Guichard Perrachon SA : JP Morgan starts with neutral rating
* Coca Cola Hellenic Bottling : Citigroup raises target to 20 euros from 18.5 euros
* Colruyt : JP Morgan starts with overweight rating; target price 40 euros
* Dairy Crest Group : Peel Hunt raises target price to 450p from 440p; rating buy
* Danske Bank A/S : Nomura raises price target to Dkk 98 from Dkk 96
* Darty : SocGen raises to buy from hold; cuts target price to 51p from 55.4p
* Delhaize : JP Morgan starts with neutral rating; target price 38 euros
* Deutsche Bank : Credit Suisse raises target price to 32 euros from 29 euros
* Dia : JP Morgan starts with overweight rating rating; target price 6.25 euros
* Edenred SA : SocGen raises price target to 28.4 euros from 27.5 euros; rating buy
* Eurocash SA : HSBC starts with overweight rating; price target of Pln 60
* Fidessa : Credit Suisse raises target price to 2213p from 1782p; rating outperform
* Fugro : HSBC cuts price target to 53 euros from 59 euros
* Gazprom : Barclays cuts price target to $9.25 from $10
* G4S : Goldman Sachs raises target price to 242p from 232p; rating sell
* Hermes : Exane raises target price to 224 euros from 221 euros
* Hochtief : SocGen raises price target to 57.2 euros from 40.8 euros; rating hold
* HSBC Holdings Plc : Morgan Stanley cuts to equal-weight from overweight
* HSBC Holdings Plc : Morgan Stanley cuts price target to 737p from 740p
* Hufvudstaden AB : UBS raises target price to Sek 96 from Sek 90; rating buy
* Imerys SA : Natixis raises target price to 48 euros from 45 euros; rating neutral
* Inmarsat : Morgan Stanley raises price target to 690p from 640p
* InterContinental Hotels Group : Investec cuts to hold from buy
* InterContinental Hotels Group : Investec raises price target to 2000p from 1950p
* InterContinental Hotels Group : Numis cuts to hold from add
* Intrepid Potash Inc : Dahlman Rose cuts to sell from hold
* ITV Plc : S&P Capital IQ raises to buy from hold; price target to 135p from 100p
* Jcdecaux SA : Kepler raises target price to 24 euros from 22 euros; rating buy
* Jeronimo Martins : JP Morgan starts with overweight rating; target price 18 euros
* J Sainsbury : JP Morgan starts with underweight rating rating; target price 325p
* KBC Groupe : S&P Capital IQ raises target price to 32 euros from 22 euros
* Koninklijke : Berenberg Bank raises target price to 51 euros from 43 euros
* Ladbrokes : Investec raises to buy from hold; price target to 250p from 165p
* L'Espresso : Kepler cuts to reduce from hold
* L'Oreal SA : Nomura raises price target to 97 euros from 94 euros; rating reduce
* LVMH : Exane cuts target price to 135 euros from 143 euros
* Magnit OAO : HSBC raises target price to $56 from $53; rating overweight
* Man Group : RBC raises price target to 95p from 80p; rating sector perform
* Man Group : Credit Suisse raises target price to 104p from 94p
* Metro : JP Morgan starts with underweight rating rating; target price 24 euros
* Morgan Sindall : Panmure cuts to sell from hold; price target to 450p from 640p
* Natixis : Nomura raises price target to 3.25 euros from 2.50 euros; rating reduce
* Nestle SA : SocGen raises target price to Sfr 71 from Sfr 68; rating buy
* Pendragon : Jefferies raises price target to 31p from 20p; rating buy
* Pharmstandard : Jefferies raises price target to $26 from $25; rating buy
* Philips : SocGen cuts to hold from buy; target price to 24 eurosfrom 25 euros
* Porvair : Peel Hunt raises target price to 210p from 195p; rating buy
* PPR SA : Exane raises target price to 192 euros from 180 euros
* Rallye SA : JP Morgan starts with overweight rating rating; target price 32 euros
* Randstad : UBS raises price target to 31 euros from 30 euros; rating neutral
* Recordati : Jefferies cuts to hold from buy
* Renault : Barclays raises price target to 54 euros from 46 euros
* Renault : Kepler raises target price to 57 euros from 50 euros; rating buy
* Restaurant Group : Numis raises to hold from reduce
* Richemont