Europe Research Roundup: RWE, Svenska Handelsbanken, TF1
19/02/2016 23:21
Feb 19 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Buzzi Unicem, TF1 and Ingenico, on Friday.
HIGHLIGHTS
* RWE AG RWEG.DE : Citigroup raises to neutral from sell
* Svenska Handelsbanken AB SHBa.ST : RBC raises to outperform from underperform
* Ingenico SA INGC.PA : JP Morgan cuts to underweight from neutral
* TF1 TFFP.PA : Kepler Cheuvreux raises to hold from reduce
* Buzzi Unicem SpA BZU.MI : Berenberg raises to hold from sell
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* AB SKF SKFb.ST : Jefferies cuts target price to Sek 170 from Sek 200; rating buy
* Abertis Infraestructuras SA ABE.MC : SocGen cuts target to 14.6 euros; rating hold
* Acacia Mining Plc ACAA.L : Citigroup cuts target price to 266p from 273p; rating buy
* Accor SA ACCP.PA : Citigroup cuts target price to 43 euros from 43.5 euros; rating buy
* Accor SA ACCP.PA : Kepler Cheuvreux cuts target price to 46 euros from 47 euros; buy
* Accor SA ACCP.PA : Credit Suisse cuts target price to 38.5 euros from 40 euros; neutral
* Aegon NV AEGN.AS : KBC raises to hold from reduce
* Air France AIRF.PA : SocGen raises target price by 10 pct to 11 euros; rating buy
* Air France AIRF.PA : Jefferies raises target to 7 euros from 5.50 euros; underperform
* Air Liquide SA AIRP.PA : UBS cuts target price to 97 euros from 98 euros; rating neutral
* Aixtron AIXGn.DE : ESN/Equinet Bank raises to neutral from sell
* Allianz ALVG.DE : DZ Bank cuts target price to 183.00 euros from 185.00 euros; rating buy
* Anglo American Plc AAL.L : RBC raises price target to 500p from 300p; sector perform
* ASM International ASMI.AS : Kepler Cheuvreux raises target to 40 euros from 35 euros; buy
* AstraZeneca Plc AZN.L : JP Morgan cuts target price to 3900p from 4500p
* BAE Systems Plc BAES.L : Bernstein raises target price to 583p from 560p; outperform
* BAE Systems Plc BAES.L : Deutsche Bank raises target price to 520p from 505p; rating hold
* BAE Systems Plc BAES.L : Investec raises target price to 550p from 530p; rating buy
* BAE Systems Plc BAES.L : Credit Suisse raises target price to 485p from 470p
* BAM BAMN.AS : ING raises price target to 6.20 euros from 6 euros; rating buy
* Banco Popolare SC BAPO.MI : HSBC cuts price target to 14.08 euros from 14.62 euros; buy
* Banco Popular Espanol POP.MC : Berenberg cuts target to 1.70 euros from 2.85 euros; sell
* Bashneft BANE.MM : Renaissance Capital ups target to 3200 roubles from 2650 roubles; buy
* Bashneft BANE_p.MM :Renaissance Capital ups target to 2550 roubles from 2380 roubles; buy
* BBA Aviation Plc BBA.L : Investec starts with buy; 225p target price
* BCV BCVN.S : Vontobel raises target price to Sfr 590 from Sfr 580; rating hold
* BIC Group BICP.PA : UBS cuts target price to 135 euros from 150 euros; rating neutral
* Bittium Oyj BITTI.HE : ESN/Pohjola cuts to neutral from accumulate
* Bittium Oyj BITTI.HE : ESN/Pohjola cuts target price to 6.10 euros from 7 euros
* BMPS BMPS.MI : HSBC cuts price target to 0.63 eur from 1.78 eur; rating hold
* Brembo BRBI.MI : Kepler Cheuvreux cuts target price to 41 euros from 43 euros; hold
* Buzzi Unicem SpA BZU.MI : Berenberg raises to hold from sell
* Buzzi Unicem SpA BZU.MI : Berenberg cuts price target to 11.70 euros from 12.40 euros
* Cap Gemini CAPP.PA : HSBC cuts price target to 100 euros from 105 euros; rating buy
* Cap Gemini CAPP.PA : UBS cuts target price to 91 euros from 92 euros; rating buy
* Cap Gemini CAPP.PA : Credit Suisse cuts target price to 84 euros from 94 euros;outperform
* Casino CASP.PA : UBS raises target price to 37 euros from 35 euros; rating sell
* Cegereal SA CGR.PA : Kepler Cheuvreux cuts to hold from buy
* Cegereal SA CGR.PA : Kepler Cheuvreux cuts target price to 34 euros from 35.62 euros
* Centaur Media Plc CAU.L : N+1 Singer cuts target price to 75p from 94p; rating buy
* Cloetta AB CLOEb.ST : Danske Bank cuts target price to Sek 28 from Sek 31; rating buy
* Coca Cola HBC AG CCH.L : Credit Suisse raises target price to 1460p from 1430p
* Coca Cola HBC AG CCH.L : Deutsche Bank raises target to 1500p from 1400p; rating hold
* Consti Group CONSTI.HE : Danske Bank raises target price to eur 13.5 from eur 12.5; buy
* Credit Agricole SA CAGR.PA : Deutsche Bank cuts target price to 13 euros from 13.8 euros
* Credit Suisse Group AG CSGN.VX : Berenberg cuts price target to Sfr 10 from Sfr 16; sell
* CRH CRH.I : Berenberg cuts price target to 29 euros from 30 euros
* Dassault Aviation AVMD.PA : Citigroup cuts target to 1,422 euros from 1,440 euros; buy
* Datalex Plc DLE.I : Panmure raises target price to 3.25 euros from 2.50 euros; rating buy
* Delta Lloyd NV DLL.AS : BofA Merrill cuts target price to 6.75 euros from 7.75 euros
* Deutsche Boerse DB1Gn.DE : KBW cuts target to 86 euros from 87 euros; market perform
* Deutsche Telekom DTEGn.DE : Bankhaus Lampe ups target to 15 euros from 14.5 euros; hold
* DSM DSMN.AS : ING cuts price target to 46 euros from 53 euros; rating hold
* Elmos Semiconductor AG ELGG.DE : DZ Bank cuts target to 15.00 euros from 17.80 euros;
buy
* Eramet SA ERMT.PA : SocGen cuts to hold from buy
* Eramet SA ERMT.PA : SocGen cuts price target to 18 euros from 30 euros
* Eramet SA ERMT.PA : BofA Merrill cuts target price to 25 euros from 30 euros;underperform
* Erste Group Bank ERST.VI : Citigroup cuts target price to 30 euros from 32.50 euros; buy
* Essentra Plc ESNT.L : Deutsche Bank cuts target price to 845p from 850p; rating buy
* Euler Hermes ELER.PA : JP Morgan raises target price to 86 euros from 84 euros; neutral
* Euronext NV ENX.PA : BofA Merrill cuts target price to 55 euros from 61 euros
* Euskaltel EKTL.MC : Haitong Research raises fair value to 14.3 euros from 12.9 euros; buy
* Eutelsat ETL.PA : BofA Merrill cuts target price to 28 euros from 31 euros
* EVS EVSB.BR : ING raises target price to 34 euros from 32 euros; rating buy
* Fonciere des Regions FDR.PA : BofA Merrill cuts target to 81 euros from 88 euros; neutral
* Fonciere des Regions FDR.PA : Natixis cuts target price to 85 euros from 92 euros; buy
* Fresenius SE & Co FREG.DE : Goldman Sachs cuts target to 63 euros from 66 euros; neutral
* Fresnillo FRES.L : HSBC raises price target to 1040p from 880p; rating buy
* Fuchs Petrolub FPEG_p.DE : ESN/Equinet Bank raises to neutral from reduce
* Fuchs Petrolub FPEG_p.DE : ESN/Equinet Bank raises target price to 37 euros from 28 euros
* Fuchs Petrolub FPEG_p.DE : DZ Bank cuts target price to 39 euros from 46 euros; buy
* GEA Group AG G1AG.DE : RBC raises price target to 42 euros from 40 euros; sector perform
* GlaxoSmithKline Plc GSK.L : JP Morgan raises target price to 1470p from 1390p
* Globaltrans Investment GLTRq.L : HSBC raises to buy from hold; target to $4.5 from $4.4
* Go-Ahead Group Plc GOG.L : HSBC cuts price target to 2700p from 2765p; rating buy
* Grieg Seafood ASA GSFO.OL : Danske Bank raises rating to buy from hold
* Groupe Eurotunnel GETP.PA : Natixis cuts target price to 11 euros from 12 euros; neutral
* Groupe Eurotunnel GETP.PA : Deutsche Bank cuts target to 13.20 euros from 13.45 euros
* Groupe Fnac SA FNAC.PA : Raymond James raises to strong buy from outperform
* Groupe Fnac SA FNAC.PA : Raymond James raises target price to 70 euros from 65 euros
* Groupe Fnac SA FNAC.PA : SocGen raises target price to 72 euros from 64 euros; rating buy
* Heidelbergcement AG HEIG.DE : Berenberg cuts price target to 75 euros from 79 euros
* HgCapital Trust Plc HGT.L : Panmure cuts target price to 1180p from 1240p; rating buy
* Iberdrola SA IBE.MC : Morgan Stanley resumes with equal weight; target price 6.80 euros
* Ingenico SA INGC.PA : Barclays cuts target price to 120 euros from 130 euros; overweight
* Ingenico SA INGC.PA : JP Morgan cuts to underweight from neutral
* Ingenico SA INGC.PA : JP Morgan cuts target price to 88 euros from 108.5 euros
* Ingenico SA INGC.PA : Natixis cuts target price to 125 euros from 130 euros; rating buy
* Ingenico SA INGC.PA : Kepler Cheuvreux cuts target price to 125 euros from 130 euros
* Intesa Sanpaolo SpA ISP.MI : HSBC cuts price target to 2.89 euros from 2.93 euros; buy
* Ipsos SA ISOS.PA : HSBC raises price target to 22.5 euros from 20 euros; rating hold
* KBC KBC.BR : Barclays cuts target price to 56 euros from 61 euros; rating equal weight
* KBC KBC.BR : Nomura cuts target price to 56 euros from 59 euros; rating neutral
* KBC KBC.BR : Kepler Cheuvreux cuts target price to 63 euros from 70 euros; rating buy
* Kudelski SA KUD.S : Credit Suisse raises price target to Sfr 15.05 from Sfr 14.50;neutral
* Kudelski SA KUD.S : Vontobel raises target price to Sfr 15 from Sfr 14.4; rating hold
* Lafargeholcim Ltd LHN.VX : Berenberg cuts price target to Sfr 53 from Sfr 64
* Lancashire Holdings Ltd LRE.L : Westhouse Securities cuts to neutral from add
* Lastminute.Com NV LMN.S : UBS cuts target price to Sfr 14.6 from Sfr 22; rating buy
* Latour LATOb.ST : Danske Bank raises target price to Sek 295 from Sek 280; rating hold
* Leasinvest LNRE.BR : KBC cuts to hold from accumulate
* Leasinvest LNRE.BR : KBC raises target price to 100 euros from 98 euros
* Leoni AG LEOGn.DE : ESN/Equinet Bank cuts target price to 28 euros from 35 euros; neutral
* Marine Harvest MHG.OL : Kepler Cheuvreux raises target price to Nok 147 from Nok 134; buy
* Medivir AB MVIRb.ST : Jefferies cuts price target to Sek 70 from Sek 80; rating hold
* Mensch Und Maschine Software MUMG.DE : Independent Research ups target to 11 euros
* Millennium & Copthorne Hotels MLC.L : Credit Suisse cuts target price to 405p from 510p
* MLP AG MLPG.DE : Independent Research cuts target price to 3.0 euros from 4.2 euros; hold
* MTU Aero Engines MTXGn.DE : Kepler Cheuvreux cuts target to 85 euros from 98 euros; hold
* Nestle SA NESN.VX : Barclays cuts target price to Sfr 73 from Sfr 74; rating equal weight
* Nestle SA NESN.VX : Berenberg cuts target price to Sfr 81.5 from Sfr 83; rating buy
* Nestle SA NESN.VX : Natixis cuts target price to Sfr 75 from Sfr 76; rating neutral
* Nestle SA NESN.VX : SocGen cuts target price to Sfr 74 from Sfr 78; rating hold
* Nexans SA NEXS.PA : Morgan Stanley raises target to 41 euros from 40 euros; equal-weight
* Nexans SA NEXS.PA : Goldman Sachs ups target to 49euros from 46euros; Conviction list buy
* Nexans SA NEXS.PA : JP Morgan raises to neutral from underweight
* Nexans SA NEXS.PA : Kepler Cheuvreux cuts target price to 37 euros from 38 euros; reduce
* Nexans SA NEXS.PA : Credit Suisse raises target price to 37 euros from 34 euros; neutral
* Nordea Bank AB NDA.ST : RBC cuts to sector perform from outperform
* Nordea Bank AB NDA.ST : RBC cuts price target to Sek 95 from Sek 100
* Nordex SE NDXG.DE : Independent Research cuts target to 29.0 euros from 33.0 euros; hold
* Norsk Hydro ASA NHY.OL : Citigroup cuts target price to Nok 38 from Nok 40; rating buy
* Norsk Hydro ASA NHY.OL : Kepler Cheuvreux raises target price to Nok 37 from Nok 35; buy
* Novartis AG NOVN.VX : JP Morgan cuts target price to Sfr 85 from Sfr 110
* Onemain Holdings Inc OMF.N : Jefferies cuts target price to $50 from $66; rating buy
* Opus Group Publ OPUS.ST : Danske Bank cuts target price to Sek 5.20 from Sek 6.50; hold
* Outokumpu Oyj OUT1V.HE : Goldman Sachs cuts target to 1.8 euros from 2.6 euros; sell
* Pan African Resources Plc PAFR.L : Stifel raises target price to 19p from 15p; rating buy
* Petropavlovsk Plc POG.L : BofA Merrill raises to buy
* Pfeiffer Vacuum PV.DE : Independent Research raises to hold from sell
* Pfeiffer Vacuum PV.DE : Independent Research raises target to 92.0 euros from 89.0 euros
* Philips NV PHG.AS : Morgan Stanley resumes with overweight; target price 29 euros
* Polymetal International Plc POLYP.L : BofA Merrill raises to buy from neutral
* Polymetal International Plc POLYP.L : BofA Merrill raises target price to 800p from 620p
* Puma SE PUMG.DE : Evercore ISI raises target price to 200 euros from 160 euros; hold
* Puma SE PUMG.DE : JP Morgan raises target price to 165 euros from 155 euros
* Puma SE PUMG.DE : Kepler Cheuvreux raises target price to 195 euros from 180 euros; hold
* Puma SE PUMG.DE : Deutsche Bank raises price target to 188 euros from 175 euros; hold
* Randgold Resources Ltd RRS.L : Stifel cuts to sell from hold
* Randstad Holding RAND.AS : Barclays cuts target to 60 euros from 68.5 euros; overweight
* Randstad Holding RAND.AS : ING cuts target price to 61 euros from 64 euros; rating buy
* Rational AG RAAG.DE : DZ Bank raises target price to 420.00 euros from 370.00 euros;
hold
* Rezidor REZT.ST : Natixis cuts target price to Sek 36 from Sek 38; rating neutral
* Rightmove Plc RMV.L : Canaccord Genuity raises target price to 4040p from 3850p; buy
* RWE AG RWEG.DE : Citigroup raises to neutral from sell
* RWE AG RWEG.DE : Citigroup cuts target price to 11.50 euros from 18 euros
* RWE AG RWEG.DE : JP Morgan cuts target price to 15 euros from 16 euros
* Sampo Oyj SAMAS.HE : JP Morgan cuts target price to 43.5 euros from 44.5 euros
* Saras SpA SRS.MI : Kepler Cheuvreux cuts target price to 2.5 euros from 2.9 euros; buy
* Spectris Plc SXS.L : Investec raises target price to 1760p from 1605p; rating hold
* SRV Yhtiot Oyj SRV1V.HE : ESN/Pohjola raises target price to 3.6 euros from 2.6 euros
* SRV Yhtiot Oyj SRV1V.HE : ESN/Pohjola raises to accumulate from reduce
* St Galler Kantonalbank SGKN.S : UBS raises target price to Sfr 313 Sfr 280; rating sell
* Stockmann Oyj Abp STCBV.HE : Danske Bank cuts target price to eur 7.9 from eur 8.4; buy
* Svenska Handelsbanken AB SHBa.ST : RBC raises to outperform from underperform
* Svenska Handelsbanken AB SHBa.ST : RBC raises price target to Sek 125 from Sek 120
* Swedbank AB SWEDa.ST : RBC cuts target price to Sek 195 from Sek 200; sector perform
* Takkt AG TTKG.DE : Kepler Cheuvreux raises target price to 21.5 euros from 21 euros; buy
* Tate & Lyle Plc TATE.L : Jefferies cuts target price to 640p from 680p; rating buy
* Telenor ASA TEL.OL : Credit Suisse cuts target price to Nok 115 from Nok 130;underperform
* TF1 TFFP.PA : Barclays cuts target price to 10.5 euros from 11 euros; rating equal weight
* TF1 TFFP.PA : Nomura cuts price target to 11.15 euros from 13 euros; rating neutral
* TF1 TFFP.PA : HSBC cuts target price to 11 euros from 12 euros; rating buy
* TF1 TFFP.PA : Kepler Cheuvreux raises to hold from reduce
* TF1 TFFP.PA : Kepler Cheuvreux cuts target price to 9.3 euros from 9.5 euros
* TF1 TFFP.PA : Natixis cuts target price to 11.8 euros from 12 euros; rating neutral
* TomTom TOM2.AS : Morgan Stanley cuts target to 10 euros from 12.20 euros; overweight
* Torm A/S TORMa.CO : Nordea Equity Research cuts target price to Dkk 115 from Dkk 125; buy
* Tullow Oil Plc TLW.L : Cantor Fitzgerald raises to hold from sell
* Tullow Oil Plc TLW.L : Cantor Fitzgerald cuts target price to 163p from 176p
* UBI UBI.MI : HSBC cuts target price to 4.59 euros from 5.13 euros; rating buy
* Ubisoft Entertainment UBIP.PA : Kepler Cheuvreux ups target to 24euros from 23euros; hold
* Ubisoft Entertainment UBIP.PA : Jefferies raises target to 34 euros from 30 euros; buy
* Unicredit SpA CRDI.MI : HSBC cuts target price to 4.73 euros from 5.76 euros; rating buy
* Valeo VLOF.PA : Exane BNP Paribas raises target price by 14 pct to 116 euros;underperform
* Valeo VLOF.PA : Kepler Cheuvreux cuts target price to 140 euros from 150 euros; hold
* Valeo VLOF.PA : Credit Suisse cuts target price to 127 euros from 132 euros; neutral
* Vicat SA VCTP.PA : Berenberg cuts to hold from buy
* Vicat SA VCTP.PA : Berenberg cuts price target to 54 euros from 70 euros
* Vivendi SA VIV.PA : Barclays cuts target price to 19 euros from 20 euros; equal weight
* Vivendi SA VIV.PA : Nomura cuts price target to 19.80 euros from 20.40 euros; neutral
* Vivendi SA VIV.PA : SocGen cuts target price to 20.9 euros from 21.9 euros; rating buy
* Vivendi SA VIV.PA : Natixis cuts target price to 19.8 euros from 20.5 euros; neutral
* VTG AG VT9G.DE : Berenberg raises target price to 27.50 euros from 24.50 euros; hold
* Wessanen NV BSWSc.AS : KBC raises to buy from accumulate
* XXL ASA XXLA.OL : Goldman Sachs cuts price target to Nok 110 from Nok 117; rating buy
(Compiled by Geetha Panchaksharam in Bengaluru)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/