Europe Research Roundup: BNP Paribas, Outokumpu, Tele2, Danone

Bastei Luebbe AG

01/07/2014 16:22

July 1 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including BNP Paribas, Outokumpu and Aviva, on Tuesday.  
     
    HIGHLIGHTS 
    * BNP Paribas  BNPP.PA : SocGen cuts to hold from buy 
    * Acerinox  ACX.MC : Credit Suisse raises to neutral from underperform 
    * Daily Mail And General  DMGOa.L : Barclays raises to overweight from equal weight  
    * Aeroflot  AFLT.MM : JP Morgan raises to overweight from neutral 
    * Danone SA  DANO.PA : Kepler Cheuvreux raises to buy from hold 
           
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.    
     
    * Acerinox  ACX.MC : Credit Suisse raises to neutral from underperform  
    * Active Energy  AEGR.L : WH Ireland starts coverage with buy rating; target price 6p 
    * Aeroflot  AFLT.MM : JP Morgan raises to overweight from neutral 
    * Allianz  ALVG.DE : Morgan Stanley cuts target price to 134 euros from 140 euros  
    * Arbonia-Forster  AFGN.S : Vontobel cuts target price to Sfr 34 from Sfr 36; rating hold 
    * ArcelorMittal  ISPA.AS : Jefferies cuts price target to 14 euros; rating buy 
    * Aviva  AV.L : Morgan Stanley raises target price to 568p from 560p  
    * Bastei Luebbe AG  BST1.DE : DZ Bank cuts target price to 11.00 euros from 11.20 euros 
    * BNP Paribas  BNPP.PA : Nomura cuts target price to 60 euros from 62 euros; rating neutral 
    * BNP Paribas  BNPP.PA : Citigroup cuts target price to 61 euros from 68 euros; rating buy 
    * BNP Paribas  BNPP.PA : Natixis cuts target price to 55 euros from 59 euros; rating neutral 
    * BNP Paribas  BNPP.PA : UBS cuts target price to 54.7 euros from 63 euros; rating neutral 
    * BNP Paribas  BNPP.PA : SocGen cuts to hold from buy; target to 56 euros from 65 euros 
    * Boohoo.Com  BOOH.L : N+1 Singer starts with a buy rating; 58p target price  
    * Bunzl  BNZL.L : UBS removes from European support services least preferred list  
    * CASA  CAGR.PA : UBS removes from UBS Alpha Preferences Most Preferred List; buy rating 
    * Daily Mail And General  DMGOa.L : Barclays raises to overweight from equal weight  
    * Daily Mail And General  DMGOa.L : Barclays raises target price to 930p from 925p 
    * Danone SA  DANO.PA : Kepler Cheuvreux raises to buy from hold 
    * Det Norske  DETNOR.OL : Credit Suisse raises target to Nok 84 from Nok 82; outperform 
    * Dunelm Group Plc  DNLM.L : UBS cuts target price to 905p from 1005p; rating neutral 
    * G4S  GFS.L : UBS resumes coverage with buy rating; price target 310p  
    * GKN Plc  GKN.L : JP Morgan cuts target price to 430p from 445p; rating overweight 
    * Global Ports  GLPRq.L : JP Morgan raises target price to $10.07 from $9.04; rating neutral 
    * Globaltrans  GLTRq.L : Renaissance Capital cuts target to $13.2 from $13.9; rating buy  
    * Globaltrans  GLTRq.L : JP Morgan cuts target to $14.20 from $14.52; rating overweight 
    * Greggs Plc  GRG.L : Liberum raises target price to 550p from 500p; rating hold 
    * Hayward Tyler  HAYT.L : Finncap raises target price to 113p from 99p 
    * Henderson Group  HGGH.L : Citigroup raises to buy from neutral  
    * HIAG Immobilien  HIAG.S : Vontobel starts with buy rating; target price Sfr 93 
    * HIAG Immobilien  HIAG.S : Credit Suisse starts with outperform rating; target price Sfr 87 
    * HiQ  HIQ.ST : ABG Sundal Collier cuts to hold rating; target price to Sek 38 from Sek 42 
    * IMI Plc  IMI.L : JP Morgan cuts target price to 1630p from 1655p; rating overweight 
    * Kerry Group  KYGa.I : Berenberg raises target price to 63 euros from 60 euros; rating buy 
    * Kloeckner  KCOGn.DE : Credit Suisse cuts to underperform from outperform  
    * Lamprell  LAM.L : Investec raises price target to 160p from 155p; rating hold 
    * Marks & Spencer  MKS.L : Jefferies cuts price target to 525p from 600p; rating buy  
    * McBride Plc  MCB.L : Numis raises to add from hold 
    * Nexans  NEXS.PA : Morgan Stanley raises target to 36 euros from 33 euros; equal weight   
    * Northgate  NTG.L : Jefferies raises price target to 575p from 385p; rating hold 
    * Ocado Group Plc  OCDO.L : Numis raises to buy from add 
    * Outokumpu  OUT1V.HE : Credit Suisse cuts to neutral from outperform 
    * Outokumpu  OUT1V.HE : ESN/Pohjola revises rating to hold from accumulate 
    * Plastic Omnium  PLOF.PA :Deutsche Bank starts with hold; price target 25 euros 
    * QSC  QSCG.DE : JP Morgan cuts to neutral from overweight 
    * QSC  QSCG.DE : JP Morgan cuts price target to 3.50 euros from 4.40 euros  
    * Richemont  CFR.VX : Bryan Garnier raises fair value to Sfr 110 from Sfr 105 
    * Saint Gobain  SGOB.PA : Deutsche Bank cuts target to 49 euros from 51 euros; rating buy 
    * SchibsteD  SBST.OL : UBS cuts target price to Nok 440 from Nok 470; rating buy 
    * Securitas  SECUb.ST : UBS adds to European support services least preferred list 
    * Serco Group  SRP.L : Barclays cuts target price to 355p from 435p; rating equal weight 
    * Shoe Zone Plc  SHOE.L : Numis starts with buy rating; target price of 215p 
    * SocGen  SOGN.PA : UBS adds to UBS Alpha Preferences Most Preferred List  
    * Software AG  SOWG.DE : Commerzbank cuts price target to 29 euros from 30 euros; rating add 
    * SSAB AB  SSABa.ST : Jefferies raises price target to Sek 55; rating hold 
    * St. Modwen Properties  SMP.L : Numis raises to buy from add rating 
    * Standard Chartered  STAN.L : JP Morgan cuts target to 1350p from 1450p; rating neutral 
    * Straumann  STMN.S : Credit Suisse raises target price to Sfr 270 from Sfr 265 
    * Straumann  STMN.S : Credit Suisse adds to SMID focus list; rating outperform  
    * TCS  TCSq.L : Renaissance Capital cuts target price to $10.1 from $12.3; rating buy  
    * Tele2  TEL2b.ST : JP Morgan cuts price target to Sek 95 from Sek 100; rating overweight 
    * Vesuvius  VSVS.L : JP Morgan cuts target price to 467p from 488p; rating overweight 
    * Weir Group Plc  WEIR.L : JP Morgan cuts target price to 2600p from 2660p; rating neutral 
    * Wolseley  WOS.L : Credit Suisse cuts target price to 3800p from 4000p; rating outperform 
    * Zurich Insurance  ZURN.VX : Morgan Stanley raises target price to Sfr 267 from Sfr 258   
   
 
 (Compiled by Fareha Khan and Geetha Panchaksharam in Bangalore) 
 ((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/