Europe Research Roundup: ArcelorMittal, Metro, Carlsberg
19/08/2016 16:27
Aug 19 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including British Land, Diploma Plc and KAZ Minerals, on Friday.
HIGHLIGHTS
* ArcelorMittal ISPA.AS : JP Morgan raises to neutral from underweight
* Great Portland Estates GPOR.L : Jefferies raises to hold from underperform
* ABB Ltd ABBN.S : HSBC cuts to hold from buy
* Schroders Plc SDR.L : Liberum cuts to hold from buy
* Metro AG MEOG.DE : Bernstein cuts to underperform from market-perform
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* ABB Ltd ABBN.S : HSBC raises target price to Sfr 23 from Sfr 21.81
* ABB Ltd ABBN.S : HSBC cuts to hold from buy
* ABN AMRO ABNd.AS : ING cuts target price to 22.50 euros from 23 euros; rating buy
* Admiral ADML.L : Canaccord Genuity raises price target to 2100p from 1550p; rating hold
* Admiral Group Plc ADML.L : Bernstein cuts to market-perform from outperform
* ADO Properties Sarl ADJ.DE : UBS raises target price to 45 euros from 36 euros; rating buy
* Aegon NV AEGN.AS : ING cuts target price to 4.80 euros from 6.40 euros; rating buy
* Altice NV ATCA.AS : Barclays reinstates with equal weight rating; 15 euros price target
* Andritz ANDR.VI : HSBC raises target price to 56 euros from 51 euros
* ArcelorMittal ISPA.AS : JP Morgan raises price target to 6 euros from 5 euros
* ArcelorMittal ISPA.AS : JP Morgan raises to neutral from underweight
* Ashtead Group Plc AHT.L : Deutsche Bank raises price target to 710p from 700p; sell
* Assa Abloy ASSAb.ST : HSBC raises target price to Sek 220 from Sek 205
* AstraZeneca AZN.L : Morgan Stanley raises target price to 5800p from 5000p; overweight
* Atlas Copco ATCOa.ST : HSBC raises target price to Sek 275 from Sek 255
* Balfour Beatty Plc BALF.L : Liberum raises price target to 300p from 270p; rating buy
* Banque Cantonale Vaudoise BCVN.S : Vontobel raises target to Sfr 650 from Sfr 590; hold
* Bell AG BELL.S : Vontobel raises price target to Sfr 410 from Sfr 380; rating hold
* BHP Billiton BLT.L : Barclays raises target price to 1135p from 925p; equal weight
* Big Yellow Group BYG.L : Jefferies cuts target price to 776p
* BMW BMWG.DE : Goldman Sachs cuts to neutral; price target 85 euros
* Boliden BOL.ST : ABG Sundal Collier cuts target price to Sek 160 from Sek 165
* Boliden AB BOL.ST : ABG Sundal Collier cuts to sell from hold
* Boliden AB BOL.ST : Berenberg starts with hold rating; Sek 180 price target
* British Land Company Plc BLND.L : Jefferies cuts target price to 550p
* BW LPG BWLPG.OL : Deutsche Bank cuts target price to Nok 30 from Nok 42; rating hold
* Capita Plc CPI.L : Credit Suisse raises target price to 980p from 900p; rating neutral
* Carlsberg CARLb.CO : Credit Suisse cuts target price to Dkk 600 from Dkk 650
* Carlsberg CARLb.CO : Credit Suisse cuts to underperform from neutral
* Cellnex Telecom CLNX.MC : Morgan Stanley ups target to 20 euros from 19 euros; overweight
* Cellnovo CLNV.PA : Canaccord Genuity cuts target to 7.40 euros from 8.90 euros; buy
* Cembra CMBN.S : Vontobel raises price target to Sfr 81 from Sfr 68.5; rating buy
* Centrica CNA.L : Barclays raises target price to 245p from 240p; rating equal weight
* CNH Industrial CNHI.MI : Goldman Sachs raises target price to 10 euros from 8.3 euros
* Continental AG CONG.DE : Goldman Sachs cuts target price to 194 euros from 207 euros
* Daimler AG DAIGn.DE : Goldman Sachs raises target price to 75 euros from 69 euros
* Derwent London Plc DLN.L : Jefferies cuts target price to 2660p
* Deutsche Boerse DB1Gn.DE : Independent Research ups target to eur 80.00 from eur 78.00; hold
* Deutsche Wohnen DWNG.DE : Morgan Stanley raises target price to 39 euros from 36 euros
* Deutsche Wohnen DWNG.DE : UBS raises target price to 40 euros from 32 euros; rating buy
* DFDS DFDS.CO : Handelsbanken Capital Markets ups target to Dkk 375 from Dkk 330; accumulate
* DFDS DFDS.CO : Nordea Equity Research raises target price to Dkk 390 from Dkk 350; buy
* Diploma Plc DPLM.L : Jefferies raises target price to 970p from 885p; rating buy
* DNO ASA DNO.OL : Credit Suisse raises target price to Nok 8 from Nok 7; rating underperform
* DNO ASA DNO.OL : Danske Bank raises target price to Nok 11.7 from Nok 10.2; rating buy
* DO & CO AG DOCO.VI : Kepler Cheuvreux cuts target price to 68 euros from 75 euros
* Dogus Otomotiv DOAS.IS : Oyak Securities cuts target price to Tl 15 from Tl 15.80; outperform
* Dong Energy DENERG.CO : HSBC starts with buy rating; Dkk 300 price target
* Drillisch AG DRIG.DE : Kepler Cheuvreux raises target price to 48 euros from 44 euros
* Evolva Holding SA EVE.S : Credit Suisse cuts target to Sfr 0.95 from Sfr 1; outperform
* Faurecia EPED.PA : Goldman Sachs raises target price to 34.5 euros from 31.6 euros
* Forterra FORT.L : Davy starts with neutral rating
* Forterra FORT.L : Davy starts with price target of 179p
* GEA Group G1AG.DE : HSBC raises target price to 57 euros from 51 euros
* Geberit AG GEBN.S : Vontobel raises price target to Sfr 465 from Sfr 420; rating buy
* Gem Diamonds Ltd GEMD.L : RBC cuts to sector perform from outperform - Trader
* GKN Plc GKN.L : Goldman Sachs raises target price to 311p from 290p
* GlaxoSmithKline GSK.L : Cantor raises price target to 1,700p from 1,400p; rating hold
* Grainger Plc GRI.L : Jefferies cuts target price to 199p
* Great Portland Estates GPOR.L : Jefferies raises to hold from underperform
* H & T HTGR.L : Finncap raises target price to 320p ; rating buy
* Hansteen Holdings HSTN.L : Jefferies cuts target price to 105p
* Hella HLE.DE : Goldman Sachs cuts to neutral; price target 39 euros
* Hochtief AG HOTG.DE : Bankhaus Lampe raises target to 115 euros from 110 euros; hold
* Holmen AB HOLMb.ST : UBS raises target price to Sek 278 from Sek 264; rating neutral
* Ibstock IBST.L : Davy starts with outperform; price target 207p
* Intertek Group Plc ITRK.L : Berenberg raises price target to 3,600p from 2,800p; hold
* Jensen Group JEN.BR : KBC raises target price to 33 euros from 30 euros
* Jensen Group JEN.BR : KBC raises to buy from accumulate
* Jyske Bank JYSK.CO : Handelsbanken raises target price to Dkk 390 from Dkk 385; buy
* K+S SDFGn.DE : Bankhaus Lampe cuts target price to 22 euros from 23 euros; rating buy
* KAZ Minerals KAZ.L : Deutsche Bank raises target price to 189p from 183p; rating hold
* KAZ Minerals KAZ.L : Credit Suisse raises target price to 250p from 165p
* KAZ Minerals KAZ.L : Credit Suisse raises to outperform from neutral
* KAZ Minerals KAZ.L : Peel Hunt raises target price to 200p from 160p
* KAZ Minerals KAZ.L : Peel Hunt raises to add from hold
* KOC Holding KCHOL.IS : Renaissance Capital cuts target price to Tl 14.8 from Tl 15.60
* Kone KNEBV.HE : HSBC raises target price to 38 euros from 33 euros
* Kudelski KUD.S : Helvea Baader Bank raises target to Sfr 22.00 from Sfr 19; rating buy
* Ladbrokes Plc LAD.L : UBS raises target price to 180p from 145p; rating buy
* LEG LEGn.DE : Morgan Stanley raises target price to 102 euros from 95 euros
* LEG LEGn.DE : UBS raises target price to 95 euros from 83 euros; neutral
* Legrand LEGD.PA : HSBC raises target price to 57 euros from 50 euros
* Linde AG LING.DE : DZ Bank raises target price to 139.0 euros from 135.0 euros; sell
* Londonmetric Property LMPL.L : Jefferies raises target price to 172p
* Mail.ru Group MAILRq.L : Goldman Sachs cuts price target to $24.5 from $26.3; rating buy
* Mail.Ru Group Ltd MAILRq.L : JP Morgan cuts target price to $20 from $21; underweight
* Mayr Melnhof Karton MMKV.VI : Kepler Cheuvreux cuts target to 108 euros from 113 euros
* Metro AG MEOG.DE : Bernstein cuts target price to 23 euros from 29 euros
* Metro AG MEOG.DE : Bernstein cuts to underperform from market-perform
* Michelin MICP.PA : Goldman Sachs raises target price to 98 euros from 92 euros
* Montea CVA MONTE.BR : ING raises target price to 42 euros from 32 euros; rating hold
* MTS MTSS.MM : Renaissance Capital cuts target to 245 Roubles from 248 Roubles; hold
* Nestle NESN.S : Bryan Garnier raises fair value to Sfr 84 from Sfr 80; rating buy
* Nestle NESN.S : HSBC raises target price to Sfr 76 from Sfr 73
* Nestle NESN.S : Barclays raises target price to Sfr 85 from Sfr 82; rating overweight
* Nestle NESN.S : Credit Suisse raises target price to Sfr 70 from Sfr 67.50; underperform
* Nestle NESN.S : Deutsche Bank raises target price to Sfr 80 from Sfr 75; rating hold
* Nestle NESN.S : Independent Research raises target to Chf 85.00 from Chf 76.00; hold
* Nestle NESN.S : Kepler Cheuvreux raises target price to Sfr 87 from Sfr 82
* Nestle NESN.S : Vontobel raises price target to Sfr 88; rating buy
* Nexans NEXS.PA : HSBC raises target price to 58 euros from 52 euros
* NKT Holding NKT.CO : Danske Bank cuts to hold from buy
* NKT Holding NKT.CO : Danske Bank raises target price to Dkk 420 from Dkk 410
* NKT Holding NKT.CO : Jyske Bank raises target price by 7 pct to Dkk 460; rating buy
* NKT Holding NKT.CO : Nordea Equity Research raises target to Dkk 480 from Dkk 440; buy
* NN Group NN.AS : Morgan Stanley ups target to 30.30 euros from 28.10 euros; overweight
* Nokian Tyres NRE1V.HE : Goldman Sachs raises target price to 33 euros from 32.2 euros
* Norilsk Nickel NKELyq.L : Renaissance Capital raises target price to $18.3 from $15.5
* Norilsk Nickel NKELyq.L : Renaissance Capital raises to buy from hold
* Nyrstar NV NYR.BR : Berenberg starts with hold rating; eur 8 price target
* Orava Asuntorahasto OREIT.HE : Inderes cuts target to eur 8.20 from eur 9.40; reduce
* Osram Licht AG OSRn.DE : HSBC raises target price to 53 euros from 50 euros
* Paddy Power Betfair PPB.L : HSBC raises target price to 10600p from 10250p
* Peugeot PEUP.PA : Goldman Sachs raises target price to 17.5 euros from 13.5 euros
* Porsche Automobil PSHG_p.DE : Goldman Sachs raises target to 45 euros from 42 euros
* Premier Oil PMO.L : Credit Suisse raises target price to 70p from 65p; underperform
* Prysmian PRY.MI : HSBC raises target price to 24 euros from 22 euros
* Raiffeisen Bank Intl RBIV.VI : SocGen raises target price to 17 euros from 16 euros; buy
* Renault RENA.PA : Goldman Sachs raises target price to 79 euros from 71 euros
* Renewables Infrastructure Group TRIG.L : Stifel cuts to neutral from positive
* Roche ROG.S : Helvea Baader Bank cuts target price to Sfr 296 from Sfr 310; rating buy
* Rosneft ROSNq.L : HSBC raises target price to $6.7 from $5
* Rosneft ROSNq.L : HSBC raises to buy from hold
* Royal Unibrew A/S RBREW.CO : Danske Bank raises target to Dkk 340 from Dkk 325; buy
* Salzgitter SZGG.DE : JP Morgan raises target price to 29 euros from 27 euros; neutral
* Sandvik SAND.ST : HSBC raises target price to Sek 102 from Sek 97
* Sandvik SAND.ST : HSBC cuts to hold from buy
* Scandic Hotels Group SHOTE.ST : Deutsche Bank raises target price to Sek 78 from Sek 67
* Scandic Hotels Group SHOTE.ST : Deutsche Bank raises to buy from hold
* Schindler SCHN.S : HSBC raises target price to Sfr 160 from Sfr 140
* Schindler Holding SCHP.S : Credit Suisse raises target to Sfr 205 from Sfr 200; outperform
* Schneider Electric SCHN.PA : HSBC raises target price to 72 euros from 71 euros
* Schroders Plc SDR.L : Liberum cuts to hold from buy
* Segro SGRO.L : Jefferies raises target price to 425p
* Semperit SMPV.VI : HSBC cuts target price to 37 euros from 39 euros
* Semperit SMPV.VI : Kepler Cheuvreux cuts target price to 28 euros from 32 euros
* Semperit SMPV.VI : Deutsche Bank cuts target price to 32.50 euros from 38 euros
* Semperit SMPV.VI : Deutsche Bank cuts to hold from buy
* SFR Group SfrGR.PA : Barclays cuts target price to 25 euros from 27 euros; equal weight
* Siemens AG SIEGn.DE : HSBC raises target price to 125 euros from 115 euros
* SKF SKFb.ST : HSBC cuts target price to Sek 148 from Sek 150
* Splendid Medien SPME.DE : DZ Bank cuts target price to eur 2.80 from eur 3.80; buy
* SSAB AB SSABa.ST : JP Morgan raises target to Sek 22.5 from Sek 20; rating underweight
* SSAB AB SSABb.ST : JP Morgan raises target to Sek 19.5 from Sek 17.5; rating underweight
* Standard Chartered Plc STAN.L : UBS raises target price to 600p from 510p; rating sell
* Steinhoff SNHG.DE : Deutsche Bank raises target price to 5.55 euros from 5.40 euros
* Sulzer SUN.S : HSBC raises target price to Sfr 76 from Sfr 68
* Swisscom SCMN.S : Barclays cuts target price to Sfr 470 from Sfr 500; rating underweight
* Swisscom SCMN.S : JP Morgan cuts target price to Sfr 450 from Sfr 460; rating underweight
* Talenom Oyj TNOM.HE : Inderes raises target price to eur 7.50 from eur 6.50; rating buy
* Tecan TECN.S : HSBC raises target price to Sfr 184 from Sfr 164
* Technotrans TTRGn.DE : HSBC raises target price to 25 euros from 21 euros
* Theraclion ALTHER.PA : Invest Securities cuts target to 9.0 eur from 9.4 eur; rating buy
* ThyssenKrupp TKAG.DE : HSBC cuts target price to 25 euros from 26 euros
* ThyssenKrupp TKAG.DE : JP Morgan raises target to 23.8 euros from 22.6 euros; overweight
* ThyssenKrupp TKAG.DE : RBC raises target price to 25 euros from 23 euros; outperform
* Tritax Big Box REIT Plc BBOXT.L : Stifel raises to buy from hold
* UBM Plc UBM.L : Deutsche Bank raises target price to 700p from 620p; rating hold
* Unibail-Rodamco UNBP.AS : Jefferies raises target price to 266 euros
* Unite UTG.L : Jefferies raises target price to 595p
* United Power UP7G.F : Kepler Cheuvreux cuts target price to 0.40 euro from 0.70 euro
* Valeo : Goldman Sachs raises target price to 47 euros from 38.2 euros
* Vestas VWS.CO : Barclays raises target price to Dkk 590 from Dkk 550; rating overweight
* Vestas VWS.CO : Commerzbank raises target price to Dkk 550 from Dkk 450; rating hold
* Vestas VWS.CO : Danske Bank raises target price to Dkk 630 from Dkk 575; rating buy
* Vestas VWS.CO : Handelsbanken raises target price to Dkk 650 from Dkk 580; rating buy
* Vestas VWS.CO : SocGen raises target price to Dkk 570 from Dkk 470; rating hold
* Voestalpine VOES.VI : JP Morgan raises target to 35 euros from 34 euros; overweight
* Volkswagen VOWG_p.DE : Goldman Sachs raises target price to 115 euros from 100 euros
* Volvo AB VOLVb.ST : Goldman Sachs raises target price to Sek 90 from Sek 88
* Vonovia VNAn.DE : Morgan Stanley raises target price to 38 euros from 35 euros
* Vonovia VNAn.DE : UBS raises target price to 38 euros from 32.5 euros; rating neutral
* Wartsila WRT1V.HE : Deutsche Bank raises target to 36.50 euros from 33 euros; sell
* Wartsila WRT1V.HE : HSBC raises target price to 47 euros from 46 euros
* William Demant WDH.CO : Commerzbank raises target price to Dkk 165 from Dkk 160; buy
* William Hill Plc WMH.L : Liberum raises price target to 323p from 319p
* Workspace Group WKP.L : Jefferies cuts target price to 665p
* X5 Retail PJPq.L : Sberbank raises target price to $30 from $25; rating buy
* Zooplus AG ZO1G.DE : Berenberg cuts price target to 150 euros; rating buy
* Zurich Insurance ZURN.S : Bernstein raises target to Sfr 200 from Sfr 190; underperform
(Compiled by Fareha Khan in Bengaluru)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/