Europe Research Roundup: Bayer, Galp, Fiat, Rio Tinto
19/08/2014 16:21
Aug 19 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Galp, BIM and Meggitt, on Tuesday.
HIGHLIGHTS
* Bayer BAYGn.F : UBS raises to buy from neutral; target price to 114 euros from 107 euros
* Galp GALP.LS : SocGen raises to buy from hold
* BIM BIMAS.IS : Deutsche Bank cuts to hold from buy
* Meggitt MGGT.L , Qinetiq QQ.L : Goldman Sachs revises rating on stock ID:nWNAB04LB4
* Fiat FIA.MI : Credit Suisse starts with underperform
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Abcam ABCA.L : Goldman Sachs starts with buy rating; price target of 545p
* Altarea IMAF.PA : SocGen raises target price to 149 euros from 141 euros; rating hold
* Amlin AML.L : Canaccord Genuity raises target price to 435p; rating hold
* Amlin AML.L : Deutsche Bank cuts target price to 461p from 472p; rating hold
* Anglo Pacific APF.L : FinnCap cuts target price to 180p; rating hold
* Anglo Pacific APF.L : Peel Hunt cuts target price to 206p from 209p; rating buy
* BAE Systems BAES.L : Goldman Sachs raises target price to 478p from 419p; neutral rating
* Bayer BAYGn.F : UBS raises to buy from neutral; target price to 114 euros from 107 euros
* BIM BIMAS.IS : Deutsche Bank cuts to hold from buy
* Bovis Homes BVS.L : Peel Hunt raises target price to 1020p from 1000p; rating buy
* Bovis Homes BVS.L : Deutsche Bank raises target price to 1063p from 1057p; rating buy
* British Sky Broadcasting BSY.L : Jefferies cuts target price to 925p from 940p; hold
* Cairn Energy CNE.L : Jefferies cuts price target to 266p from 285p; rating buy
* Cairn Energy CNE.L : SocGen raises target price to 155p from 145p; rating sell
* Carl Zeiss Meditec AFXG.DE : Goldman Sachs starts with neutral rating; target 28 euros
* Carlsberg CARLb.CO : Nykredit Markets ups fair value to Dkk 563 from Dkk 551.5; neutral
* Catlin Group CGL.L : Peel Hunt raises target price to 541p from 520p; rating hold
* Centrica CNA.L : Berenberg raises target price to 370p from 365p; rating buy
* Constantin Medien EV4G.DE : DZ Bank raises target to 1.95 euros from 1.89 euros; buy
* CRH Plc CRH.L : Numis raises to hold from reduce rating
* CRH Plc CRH.L : Jefferies cuts target price to 1600p from 1700p; rating hold
* Deutsche Euroshop DEQGn.DE : SocGen cuts target price to 42 euros from 43 euros; buy
* Deutz DEZG.DE : DZ Bank raises to buy from hold; cuts target to 5.30 euros from 6.30
* EFG International EFGN.S : Credit Suisse starts with neutral; target price Sfr 10.20
* Enquest ENQ.L : Credit Suisse cuts target price to 150p from 161p; rating outperform
* Fiat FIA.MI : Credit Suisse starts with underperform
* Fiat FIA.MI : Credit Suisse starts with target price 6 euros
* Galenica GALN.S : Jefferies cuts target price to Sfr 711 from Sfr 763; underperform
* Galp GALP.LS : SocGen raises to buy from hold
* Griffin Mining GFM.L : Cantor raises target price to 85p from 70p;rating buy
* Hellenic Telecommunications OTEr.AT : Euroxx resumes with overweight; target 14 euros
* John Menzies MNZS.L : Panmure cuts target price to 766p from 840p; rating buy
* Liberbank SA LBK.MC : Citigroup starts with buy rating; target price of 0.83 euro
* Lindt & Spruengli LISP.S : S&P Capital IQ raises target to Sfr 5100 from Sfr 4800; hold
* Meggitt MGGT.L : Goldman Sachs cuts to neutral from buy; target price to 493p from 533p
* Micro Focus MCRO.L : N+1 Singer raises target price to 990p; rating buy
* Nobel Biocare NOBN.S : Berenberg cuts to hold from buy
* Nobel Biocare NOBN.S : Berenberg raises target price to Sfr 16.30 from Sfr 16.20
* OC Oerlikon Corp OERL.S : Credit Suisse reinstates with outperform; target price Sfr 16
* Ocean Wilsons OCN.L : Cantor Fitzgerald cuts target price to 1400p from 1500p; rating buy
* OTP Bank Nyrt OTPB.BU : UBS cuts target price to Huf 4100 from Huf 4250; rating neutral
* Petra Diamonds PDL.L : Citigroup cuts target price to 238p from 241p; rating buy
* Petra Diamonds PDL.L : Barclays raises target price to 290p from 210p; rating overweight
* Petra Diamonds PDL.L : RBC raises target price to 250p from 240p; rating outperform
* Qinetiq QQ.L : Goldman Sachs raises to neutral from sell; target price to 221p from 206p
* Rio Tinto RIO.L : Investec raises target price to 3552p from 3220p; rating hold
* Roxi Petroleum RXP.L : WH Ireland raises target price to 23p from 20p; rating buy
* Royal Bank Of Scotland Group RBS.L : Jefferies raises target price to 460p from 418p; buy
* Schweiter Technologies SWTQ.S : Helvea Baader Bank raises target to Sfr 750; rating buy
* Sipef SIFB.BR : ESN/Bank Degroof cuts target price to 60 euros from 65 euros; rating hold
* Sirius Minerals SXX.L : WH Ireland starts with buy rating
* SSE PLC SSE.L : Berenberg raises target price to 1530p from 1320p; rating hold
* Telecom Italia TLIT.MI : SocGen raises target price to 0.85 euro from 0.57 euro; hold
* Thales TCFP.PA : Goldman Sachs cuts target price to 44 euros from 45 euros
* Topdanmark TOP.CO : Alm Brand Markets raises target to Dkk 180 from Dkk 175; neutral
* Ultra Electronics ULE.L : Goldman Sachs raises price target to 2013p from 1818p
* Vesuvius VSVS.L : Investec raises target price to 485p from 465p; rating add
* Vontobel VONN.S : Credit Suisse starts with outperform; target price of sfr 37.50
* Walter Meier WMN.S : Vontobel cuts target price to Sfr 45 from Sfr 47; rating hold
* William Demant WDH.CO : Barclays cuts target price to Dkk 425 from Dkk 429; underweight
(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/