EUROPE RESEARCH ROUNDUP: AstraZeneca, Easyjet, Clariant, Philips
10/01/2014 08:35
Jan 10 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including AstraZeneca and Easyjet, on Friday.
HIGHLIGHTS
* AstraZeneca AZN.L : UBS starts with buy; price target 4000p
* Clariant AG CLN.VX : JP Morgan raises to overweight from neutral
* Easyjet EZJ.L , Ryanair RYA.I : Liberum cuts to hold from buy
* Philips PHG.AS : Berenberg raises target to 31.80 euros from 31.20 euros; rating buy
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* ABB Ltd ABBN.VX : Berenberg cuts target price to Sfr 23 from Sfr 23.40; rating hold
* Actelion ATLN.VX : UBS raises price target to Sfr 88 from Sfr 82; rating buy
* Air France AIRF.PA : HSBC raises target to 10.5 euros from 9.5 euros; rating overweight
* Aryzta ARYN.S : UBS raises price target to Sfr 79 from Sfr 75; rating buy
* A.P.R. Energy APREN.L : UBS raises to neutral from sell
* A.P.R. Energy APREN.L : UBS raises price target to 900p from 800p
* AstraZeneca AZN.L : UBS starts with buy; price target 4000p
* Bayer AG BAYGn.F : UBS raises price target to 107 euros from 82 euros; rating neutral
* Bossard Holding BOS.S : Berenberg raises target to Sfr 210 from Sfr 174; rating hold
* Brenntag BNRGn.DE : UBS cuts to neutral from buy
* Brenntag BNRGn.DE : UBS raises price target to 140 euros from 135 euros
* Brunello Cucinelli BCU.MI : SocGen starts with sell; price target 18 euros
* Burckhardt Compression BCHN.S : Berenberg raises target to Sfr 391 from Sfr 330; rating
* Cable & Wireless Communications CWC.L : UBS cuts to neutral from buy
* Cable & Wireless Communications CWC.L : UBS raises price target to 55p from 50p
* Capita CPI.L : UBS raises to buy from neutral; raises price target to 1200p from 1000p
* Capital & Counties CAPCC.L : Morgan Stanley raises target to 390p from 370p; overweight
* Clariant AG CLN.VX : JP Morgan raises to overweight from neutral
* Clariant AG CLN.VX : JP Morgan raises target price to Sfr 20 from Sfr 15.80
* Deutz AG DEZG.DE : Berenberg raises to buy from hold
* Easyjet Plc EZJ.L : Liberum cuts to hold from buy
* Earthport EPO.L : Panmure raises price target to 52p from 34p; rating buy
* Flybe FLYB.L : Liberum raises price target to 130p from 90p; rating buy
* Gamesa Corp GAM.MC : SocGen starts with sell; price target 7.90 euros
* Glaxosmithkline Plc GSK.L : UBS starts with neutral; price target 1650p
* HomeServe HSV.L : UBS raises to buy from neutral; raises price target to 320p from 270p
* Ithaca Energy IAE.L : Liberum cuts price target to 196p from 210p; rating buy
* Implenia IMPN.S : Vontobel raises price target to Sfr 77 from Sfr 67; rating buy
* International Consolidated Airlines ICAG.L : HSBC cuts to neutral from overweight
* International Consolidated Airlines ICAG.L : HSBC raises price target to 450p from 430p
* Kuka Ag KU2G.DE : Berenberg raises target price to 33 euros from 30 euros; rating hold
* MLP AG MLPG.F : JP Morgan raises to overweight from underweight
* MLP AG MLPG.F : JP Morgan raises price target to 7.10 euros from 6.20 euros
* Morgan MGNS.L : Berenberg starts with buy; price target 370p
* Norma Group NOEJ.DE : Berenberg raises target to 44 euros from 42.50 euros; rating buy
* Novartis NOVN.VX : UBS starts with buy; price target Sfr 80
* Novo Nordisk NOVOb.CO : UBS raises price target to Dkk 230 from Dkk 208; rating buy
* OC Oerlikon Corporation Pfaeffikon OERL.S : Berenberg ups target to Sfr 15.90;rating buy
* Osram Licht OSRn.DE : Berenberg ups target to 47.90 euros from 46.70 euros; rating buy
* Pernod Ricard PERP.PA : HSBC cuts target to 100 euros from 108 euros; rating overweight
* Persimmon PSN.L : HSBC raises price target to 1500p from 1395p; rating overweight
* Philips PHG.AS : Berenberg raises target to 31.80 euros from 31.20 euros; rating buy
* Raiffeisen Bank RBIV.VI : SocGen raises target to 33 euros from 30 euros; rating buy
* Rentokil RTO.L : Panmure cuts to sell
* Roche ROG.VX : UBS starts with buy; price target Sfr 280
* Rockhopper Exploration RKH.L : SocGen raises price target to 162p from 135p; rating hold
* Ryanair RYA.I : Liberum cuts to hold from buy
* Saft S1A.PA : Berenberg raises target price to 23.50 euros from 21 euros; rating hold
* Sandvik SAND.ST : Berenberg raises price target to Sek 114 from Sek 112; rating buy
* Sanofi SA SASY.PA : UBS starts with neutral; price target 75 euros
* Schneider SCHN.PA : Berenberg cuts target to 64.10 euros from 67.50 euros; rating hold
* Serco Group SRP.L : UBS cuts to neutral from buy
* Siemens AG SIEGn.DE : Berenberg cuts to hold from buy
* SMA SOLAR S92G.DE : Deutsche Bank raises to buy from hold, price target 31 euros
* Spirent SPT.L : UBS cuts price target to 90p from 130p; rating neutral
* Statoil STL.OL : Morgan Stanley raises price target to Nok 142 from Nok 136; equalweight
* Svenska Cellulosa SCAb.ST : UBS raises price target to Sek 225 from Sek 192; rating buy
* Tesco PLC TSCO.L : HSBC cuts price target to 300p from 340p; rating underweight
* Trelleborg TRELb.ST : Berenberg raises price target to Sek 129 from Sek115; rating hold
* Vestas Wind Systems VWS.CO : SocGen raises price target to Dkk 230; rating buy
* WM Morrison Supermarkets MRW.L : HSBC cuts target to 200p from 260p; rating underweight
* WM Morrison Supermarkets MRW.L : Citigroup cuts target to 250p from 280p; rating neutral
* 4imprint Group FOUR.L : Finncap starts with buy; price target 752p
(Compiled by Eileen Anupa Soreng and Archana Lakshmi Narasiah in Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6749
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/