Europe Research Roundup: Centrica, GlaxoSmithKline, Novolipetsk Steel
27/11/2017 07:53
Nov 27 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Centrica, GlaxoSmithKline and Novolipetsk Steel, on Monday.
HIGHLIGHTS
* Centrica Plc CNA.L : Bernstein cuts to market-perform from outperform
* EasyJet Plc EZJ.L : Exane BNP Paribas raises to neutral from underperform
* GlaxoSmithKline Plc GSK.L : UBS raises to buy from neutral
* Julius Baer Gruppe AG BAER.S : Helvea Baader Bank cuts to hold from buy
* Novolipetsk Steel NLMKq.L : Credit Suisse cuts to neutral from outperform
* Zurich Insurance Group AG ZURN.S : JP Morgan cuts to neutral from overweight
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Air France-KLM AIRF.PA : Exane BNP Paribas cuts target price by 13 pct to EUR 13
* Anglo American Plc AAL.L : Liberum raises target price to 800p from 750p
* Antofagasta Plc ANTO.L : Liberum raises target price to 535p from 420p
* Associated British Foods Plc ABF.L : Liberum raises target price to 3500p from 3150p
* Auto Trader Group AUTOA.L : Jefferies assumes coverage with buy rating; 360p target
* Balta Group NV BALTA.BR : Barclays cuts target price to EUR 11 from EUR 14
* Biffa Plc BIFF.L : HSBC raises target price to 300p from 270p; rating buy
* Breedon Group Plc BREE.L : Barclays starts with overweight rating; 93p price target
* British American Tobacco BATS.L : Investec raises target price to 5700p from 5500p; buy
* Cellnex Telecom SA CLNX.MC : Deutsche Bank raises target price to EUR 22 from EUR 21.50
* Centrica Plc CNA.L : Bernstein cuts target price to 160p from 235p
* Centrica Plc CNA.L : Bernstein cuts to market-perform from outperform
* Colruyt NV COLR.BR : Deutsche Bank cuts target price to EUR 41 from EUR 42
* Corrected-Big Yellow Group Plc BYG.L : Liberum raises target price to 860p from 800p
* Deutsche Lufthansa AG LHAG.DE : Exane BNP Paribas ups target price by 13 pct to EUR 35
* Deutsche Post AG DPWGn.DE : RBC raises target price to EUR 44 from EUR 40
* DS Smith Plc SMDS.L : Jefferies raises target price to 530p; rating hold
* EasyJet Plc EZJ.L : Exane BNP Paribas raises target price to 1300p from 1100p
* EasyJet Plc EZJ.L : Exane BNP Paribas raises to neutral from underperform
* Eiffage FOUG.PA : Credit Suisse raises target price to EUR 89 from EUR 81
* Elis SA ELIS.PA : Midcap Partners raises target price to EUR 27.0 from EUR 26.4
* Enel ENEI.MI : Deutsche Bank raises target price to EUR 5.40 from EUR 5
* Evraz EVRE.L : Credit Suisse raises target price to 363.72p from 274p
* Firstgroup Plc FGP.L : Jefferies cuts target price to 120p from 155p; rating hold
* GlaxoSmithKline Plc GSK.L : UBS raises to buy from neutral
* Grafton Group Plc GFTU_u.L : Barclays starts with overweight rating; 814p price target
* Greenyard NV GREENY.BR : Berenberg cuts target price to EUR 23 from EUR 23.50
* Howden Joinery Group: Barclays starts with equal weight rating;447p price target
* Ingenico Group SA INGC.PA : Morgan Stanley raises price target to EUR 86 from EUR 70
* Ingenico Group SA INGC.PA : Morgan Stanley raises to equal-weight from underweight
* Innate pharma SA IPH.PA : Goldman Sachs cuts target price to EUR 6 from EUR 15
* Innate pharma SA IPH.PA : Goldman Sachs cuts to neutral from buy
* Jackpotjoy Plc JPJ.L : Investec raises target price to 1150p from 1000p; rating buy
* Julius Baer Gruppe AG BAER.S : Helvea Baader Bank cuts to hold from buy
* Kaz Minerals Plc KAZ.L : Liberum raises target price to 460p from 385p
* Kingspan Group Plc KSP.L : Barclays starts with overweight rating; 37p price target
* Lukoil LKOHyq.L : Morgan Stanley cuts target price to $64 from $65
* Magnitogorsk Steel MAGNq.L : Credit Suisse raises target price to $12.52 from $11
* Marshalls Plc MSLH.L : Barclays starts with underweight rating; 429p price target
* Martela Oyj MARAS.HE : Inderes cuts TP to EUR 8.0 from EUR 9.0; rating increase
* Micro focus International MCRO.L : Deutsche Bank cuts to hold from buy
* Moneysupermarket.com Group MONY.L : Jefferies starts with hold rating;330p price target
* National Grid Plc NG.L : Credit Suisse raises to neutral from underperform
* Norcros Plc NXR.L : Canaccord Genuity raises target price to 335p from 315p; rating buy
* Norwegian Air Shuttle ASA NWC.OL : Exane BNP Paribas cuts target by 13 pct to NOK 140
* Novolipetsk Steel NLMKq.L : Credit Suisse cuts to neutral from outperform
* Novolipetsk Steel NLMKq.L : Credit Suisse raises target price to $25.68 from $23
* Patisserie Holdings CAKEP.L : Canaccord Genuity raises price target to 470p from 405p
* Polypipe Group Plc PLP.L : Barclays starts with overweight rating; 426p price target
* Prudential Plc PRU.L : HSBC raises target price to 2280p from 1980p; rating buy
* Ramsdens Holdings Plc RFXR.L : Liberum raises target price to 204p from 190p
* Reckitt Benckiser Group Plc RB.L : Barclays cuts target price to 6600p from 7100p
* Rio Tinto Plc RIO.L : Liberum raises target price to 2750p from 2450p
* Rosneft ROSNq.L : Morgan Stanley cuts target price to $6.9 from $7.20
* Ryanair Holdings RYA.I : Exane BNP Paribas raises target price to EUR 21 from EUR 20
* Sberbank SBER.MM : Morgan Stanley raises target price to 330 Roubles from 246 Roubles
* Scout24 AG G24n.DE : Jefferies assumes coverage with buy rating; EUR 40.20 price target
* Severstal SVSTq.L : Credit Suisse raises target price to $17.02 from $15
* SIG Plc SHI.L : Barclays starts with underweight rating; 155p price target
* Smurfit Kappa Group Plc SKG.I : Jefferies raises target price to EUR 33; rating buy
* Smurfit Kappa Group Plc SKG.L : Jefferies raises target price to 2930p; rating buy
* SSP Group Plc SSPG.L : Investec raises target price to 720p from 670p; rating buy
* Talktalk Telecom Group Plc TALK.L : Macquarie raises to neutral from underperform
* TCS Group Holding Plc TCSq.L : Morgan Stanley raises price target to $26.50 from $14.70
* TCS Group Holding Plc TCSq.L : Morgan Stanley raises to overweight from equal-weight
* Tyman Plc TYMN.L : Barclays starts with overweight rating; 397p price target
* Umicore SA UMI.BR : Liberum raises target price to EUR 47 from EUR 37
* Vat Group AG VACN.S : Berenberg raises target price to SFR 160 from SFR 110
* Vat Group AG VACN.S : Berenberg raises to buy from hold
* Vinci SGEF.PA : Credit Suisse raises target price to EUR 92 from EUR 86
* Vodafone Group Plc VOD.L : Citigroup raises target price to 240p from 230p
* Volution Group Plc FAN.L : Canaccord Genuity raises price target to 225p from 215p
* VTB VTBRq.L : Morgan Stanley raises price target to $1.90 from $1.49
* VTB VTBRq.L : Morgan Stanley raises to equal-weight from underweight
* Wizz Air Holdings WIZZ.L : Exane BNP Paribas raises target price to 3200p from 2900p
* Yapi Kredi YKBNK.IS : JP Morgan cuts target price to TL 5.20 from TL 5.70
* Zurich Insurance Group AG ZURN.S : JP Morgan cuts to neutral from overweight
Sector Change
* UK Mid & Small cap Construction: Barclays starts coverage with neutral view
(Compiled by Bengaluru Newsroom)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/