Europe Research Roundup: Meggitt, HeidelbergCement, Somfy, Telenor

Bastei Luebbe AG

25/06/2014 16:48

June 25 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including HeidelbergCement and Meggitt Plc, on Wednesday.  
     
    HIGHLIGHTS 
    * Meggitt Plc  MGGT.L : JP Morgan cuts to underweight from neutral 
    * HeidelbergCement  HEIG.DE : Raymond James cuts to market perform from outperform 
    * Somfy SA  DAMA.PA : SocGen cuts to hold from buy 
    * Card Factory Plc  CARDC.L : Nomura, UBS start with buy rating 
    * Telenor ASA  TEL.OL : Deutsche Bank starts with buy  ID:nWNBB04NNK  
    * Rexam  REX.L : Wells Fargo cuts to market perform from outperform  
       
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order. See bottom of the table for sector changes.  
     
    * Alstom SA  ALSO.PA : Deutsche Bank raises to buy from hold  
    * Alrosa  ALRS.MM : UBS raises target price to 46.30 roubles from 42.20 roubles; rating buy  
    * Ansaldo  STS.MI : Natixis raises to buy from neutral; target to 8.7 euros from 8.2 euros 
    * Basilea Pharmaceutica  BSLN.S : Helvea Baader Bank cuts target to Sfr 127 from Sfr 140 
    * Bastei Luebbe AG  BST1.DE : Berenberg starts with buy rating; target price of 13 euros 
    * Beneteau SA  CHBE.PA : SocGen raises target price to 14.5 euros from 13 euros; rating hold 
    * Beneteau SA  CHBE.PA : Natixis raises target to 12.5 euros from 11 euros; rating neutral  
    * BIC : SocGen cuts to hold from buy 
    * Somfy SA  DAMA.PA : SocGen raises target to 305 euros from 273 euros  
    * Smith & Nephew  SN.L : Exane BNP Paribas raises target to 1250p from 1000p; outperform  
    * Subsea 7 SA  SUBC.OL : Credit Suisse raises target price to Nok 144 from Nok 133 
    * Syngenta AG  SYNN.VX : UBS cuts target price to Sfr 320 from Sfr 325; rating neutral 
    * Syngenta  SYNN.VX : Nomura raises target price to Sfr 455 from Sfr 423; rating buy 
    * TDC A/S TDC.CO: Deutsche Bank starts with buy 
    * Technip  TECF.PA : Credit Suisse raises to outperform from neutral 
    * Technip  TECF.PA : Credit Suisse raises  target price to 95 euros from 80 euros 
    * Tele2 AB  TEL2b.ST : Deutsche Bank starts with hold rating 
    * Telenor ASA  TEL.OL : Deutsche Bank starts with buy 
    * Teliasonera AB  TLSN.ST : Deutsche Bank starts with hold rating 
    * Thomas Cook Group  TCG.L : JP Morgan cuts target to 200p from 230p; rating overweight  
    * Thrombogenics NV  THR.BR : JP Morgan cuts target to 11 euros from 21 euros; rating neutral 
    * Transmode AB  TRMO.ST : UBS raises to neutral from sell  
    * TUI Travel  TT.L : JP Morgan cuts target price to 430p from 480p; rating overweight  
    * TVN SA  TVN.WA : UBS cuts to sell from neutral; target price to Pln 14 from Pln 16.50 
    * Vicat  VCTP.PA : Raymond James raises target to 69 euros from 64 euros; rating outperform 
    * Vivendi SA  VIV.PA : Credit Suisse reinstates wih outperform; 24 euros target price  
    * Vivendi SA  VIV.PA : Credit Suisse adds to Europe focus list 
    * Vivendi SA  VIV.PA : ESN/CM - CIC Securities raises to hold from reduce  
     
    SECTOR CHANGES: 
    * Advertising And Market Research: Natixis raises to outperformance from market performer 
    * Airlines: Natixis cuts to market performer from outperformance 
    * Automotive Components: Natixis cuts to market performer from outperformance 
    * Beverages: Natixis raises to outperformance from underperformance 
    * Catering: Natixis raises to outperformance from market performer 
    * Cosmetics & Personal Care: Natixis raises to outperformance from market performer 
    * Food Sector: Natixis raises to outperformance from underperformance 
    * Food Retailing: Natixis cuts to market performer from outperformance 
    * Investment Banks: Natixis cuts to market performer from outperformance 
    * IT Services: Natixis cuts to market performer from outperformance 
    * Luxury Goods: Natixis raises to outperformance from market performer 
    * Non Food Retailing: Natixis raises to market performer from underperformance 
    * Pharmaceuticals Sector: Natixis raises to outperformance from market performer 
 
 (Compiled by Saqib Iqbal Ahmed and Jai Ganesh in Bangalore) 
 ((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
1130)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/