Europe Research Roundup: Ericsson, Direct Line Insurance, Generali
28/05/2015 11:32
May 28 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Zoopla, Alrosa and DCC Plc, on Thursday.
HIGHLIGHTS
* Ericsson ERICb.ST : Citigroup raises to buy from neutraL
* Direct Line Insurance Group DLGD.L : JP Morgan ups to overweight to neutral
* Generali GASI.MI : DZ Bank raises to buy from sell
* Intertek Group ITRK.L : Deutsche Bank cuts to hold from buy
* Nordea Bank NDA.ST : RBC raises price target to Sek 115 from Sek 109; sector perform
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Admiral ADML.L : JP Morgan raises target price to 1,388p from 1,134p
* Alrosa ALRS.MM : JP Morgan cuts to neutral from overweight;ups target price to 78 roubles
* Altice SA ATCE.AS : RBC raises target to 142 euros from 140 euros; rating outperform
* APC Technology APCL.L : Cantor starts with buy rating; 36p price target
* Assicurazioni Generali GASI.MI : DZ Bank raises to buy from sell
* Assicurazioni Generali GASI.MI : DZ Bank raises target to 20.00 euros from 17.00 euros
* B&M BMEB.L : Canaccord Genuity raises target price to 310p from 285p; rating hold
* Babcock International Group BAB.L : Stifel raises target price to 1280p from 1200p; buy
* Banque Cantonale Vaudoise BCVN.S : Credit Suisse starts with neutral; price target Sfr 495
* Barco BAR.BR : ESN/Bank Degroof cuts to neutral from accumulate
* Beni Stabili BNSI.MI : Socgen cuts target price to 0.80 euros from 0.85 euros; rating buy
* Berner Kantonalbank BEKN.S : Credit Suisse starts with underperform; price target Sfr 165
* BT Group BT.L :Raymond James cuts to underperform from strong buy;target to 438p from 500p
* CTS Eventim EVDG.DE : DZ Bank raises target price to 33.50 euros from 33.00 euros; buy
* Daily Mail And General DMGOa.L : Canaccord Genuity raises target to 950p from 870p; hold
* Dassault Aviation SA AVMD.PA : Credit Suisse starts with outperform ; target 1470 euros
* DCC Plc DCC.L : UBS raises price target to 5800p from 4150p; rating buy
* De La Rue Plc DLAR.L : JP Morgan cuts target price to 570p from 580p; rating neutral
* Direct Line Insurance DLGD.L : JP Morgan ups to overweight to neutral; ups target to 349p
* D'Ieteren SA IETB.BR : KBC Securities raises target to 38 euros from 35 euros; accumulate
* Dixy DIXY.MM : UBS cuts target price to 420 roubles from 520 roubles; rating neutral
* Drillisch AG DRIG.DE : Citigroup raises to buy from neutral; raises target to 50 euros
* Eiffage FOUG.PA : Natixis raises target price to 70 euros from 64 euros; rating buy
* D'Ieteren SA IETB.BR : KBC Securities raises target to 38 euros from 35 euros; accumulate
* eSure ESUR.L : JP Morgan raises target price to 299p from 280p
* Ericsson ERICb.ST : Citigroup raises to buy from neutraL
* Falkland Oil and Gas FOGL.L : Numis raises target price to 46p from 43p; rating buy
* Generali GASI.MI : ESN/Banca Akros raises to accumulate from neutral rating
* ICAP IAP.L : Numis cuts to sell from hold
* Inditex ITX.MC : ESN/Beka Finance raises to accumulate from neutral
* Inditex ITX.MC : ESN/Beka Finance raises price target to 33.30 euros from 24.10 euros
* Intertek Group ITRK.L : Deutsche Bank cuts to hold from buy
* Intertek Group ITRK.L : Deutsche Bank cuts price target to 2654p from 2725p
* Imperial Tobacco Group IMT.L : Nomura raises target to 2780p from 2710p; rating reduce
* Kuka AG KU2G.DE : UBS raises price target to 80 euros from 60 euros; rating buy
* Mitie Group Plc MTO.L : RBC raises target price to 350p from 310p; rating outperform
* Nakama NAK.L : WH Ireland starts with buy; 5.5p price target
* Nordea Bank NDA.ST : RBC raises price target to Sek 115 from Sek 109; sector perform
* Nordea Bank NDA1V.HE : ESN/Pohjola cuts to accumulate from buy rating
* Northbridge Industrial NBI.L : WH Ireland cuts to sell from hold
* Northbridge IndusTRIAL NBI.L : WH Ireland cuts target price to 175p from 300p
* Old Mutual Plc OML.L : RBC raises target price to 220p from 210p; rating sector perform
* Paypoint PAYP.L : Jefferies raises target price to 1,330p from 1,240p; rating buy
* Peugeot PEUP.PA : Deutsche Bank raises price target to 22 euros from 20 euros
* Prudential Plc PRU.L : Nomura raises price target to 1725p from 1620p; rating neutral
* Playtech Plc PTEC.L : UBS cuts price target to 920p from 925p; rating buy
* Rentokil Initial Plc RTO.L : Jefferies raises price target to 170p from 155p; rating buy
* Rockwool ROCKb.CO : Exane BNP Paribas raises target to Dkk 1165; rating outperform
* RSA Insurance Group Plc RSA.L : JP Morgan raises target price to 451p from 433p
* Ryanair RYA.I : RBC raises target price to 12.50 euros from 10.50 euros;rating outperform
* Schneider Electric SCHN.PA : Deutsche Bank cuts target price to 61 euros; rating sell
* Saga Plc SAGAG.L : JP Morgan raises target price to 207p from 185p; rating neutral
* SGS SGSN.VX : Deutsche Bank raises to buy from hold
* SGS SGSN.VX : Deutsche Bank raises price target to Sfr 1975 from Sfr 1610
* ST Galler Kantonalbank SGKN.S : Credit Suisse starts with neutral; price target SFR 315
* TeliaSonera AB TLSN.ST : Credit Suisse assumes coverage with neutral rating;target Sek 49
* Thales TCFP.PA : JP Morgan raises target price to 60 euros from 59.50 euros; overweight
* TomTom NV TOM2.AS : UBS raises price target to 10.30 euros from 7 euros; rating neutral
* Transneft TRNF_p.MM : Deutsche Bank raises to hold from sell
* Transneft TRNF_p.MM : Deutsche Bank Raises Price Target To 115000 Roubles
* TUI TUIT.L : JP Morgan cuts target price to 1275p from 1325p; rating overweight
* TUI TUIGn.DE : JP Morgan raises target price to 18 euros from 17.50 euros; overweight
* Valiant Holding VATN.S : Credit Suisse starts with outperform rating
* Valiant Holding VATN.S : Credit Suisse starts with target price Sfr 110
* Zoopla ZPLAZ.L : Jefferies raises price target to 400p from 269p; rating buy
(Compiled by Fareha Khan, Archana Lakshmi Narasiah and Nagamani L in Bengluru)
((fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780 outside U.S. +91 80 6749 1130;
Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/