Europe Research Roundup: Evonik Industries, SIG Combibloc Group, Tupras
08/11/2018 15:37
Nov 8 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Evonik Industries AG, SIG Combibloc Group AG and Tupras, on
Thursday.
HIGHLIGHTS
* Evonik Industries AG EVKn.DE : Barclays cuts to equal weight from overweight
* SIG Combibloc Group AG SIGNC.S : Barclays starts with equal weight rating
* Tupras TUPRS.IS : Oyak Securities raises rating to outperform
* Turkish Airlines THYAO.IS : Oyak Securities downgrades to marketperform rating
* Valneva SE VLS.PA : Portzamparc cuts to accumulate from buy
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Adidas AG ADSGn.DE : UBS raises price target to EUR 240 from EUR 235
* Adler Modemaerkte AG ADDG.DE : ESN/Equinet Bank cuts target price to EUR 4.15; buy
* Adyen NV ADYEN.AS : Bryan Garnier starts with sell rating; fair value 490 euros
* Aeroflot AFLT.MM : HSBC cuts target price to 111 roubles from 133 roubles; rating hold
* Ahold Delhaize NV AD.AS : HSBC raises target price to EUR 25 from EUR 23; rating buy
* Air France-KLM AIRF.PA : Morgan Stanley reinstates with price target of EUR 10.60
* Amadeus AMA.MC : Credit Suisse raises target price to EUR 57.65 from EUR 56.39
* Axel Springer SPRGn.DE :Independent Research cuts TP to 66.0 euros from 73.0 euros;hold
* Axel Springer SE SPRGn.DE : Barclays cuts price target to 67.60 euros from 67.65 euros
* Balta Group NV BALTA.BR : Barclays cuts price target to 6 euros from 8 euros
* Bam Groep BAMN.AS : KBC Securities cuts target price to EUR 4.50 from EUR 5.25; buy
* Banca Mediolanum BMED.MI : Kepler Cheuvreux cuts target price to 6 euros from 6.5 euros
* Beter Bed Holding NV BETR.AS : KBC cuts target price to EUR 6.50 from EUR 7.00
* Beter Bed Holding NV BETR.AS : KBC Securities raises to buy from hold
* BMW BMWG.DE : JP Morgan cuts target price to 75 euros from 80 euros
* BMW BMWG.DE : Credit Suisse cuts price target to 101 euros from 106 euros
* BMW BMWG.DE : Evercore ISI cuts target price to EUR 80 from EUR 85
* Brembo BRBI.MI : Invest Securities cuts target price to EUR 14 from EUR 15.1; buy
* Buzzi Unicem BZU.MI : Kepler Cheuvreux cuts target price to 23 euros from 23.5 euros
* CGG GEPH.PA : Morgan Stanley cuts target price to EUR 2.60 from EUR 3.30
* CGG GEPH.PA : Morgan Stanley cuts to equal-weight from overweight
* CGG GEPH.PA : Portzamparc raises to buy from accumulate; target price at EUR 2.50
* Christian Dior DIOR.PA : JP Morgan raises target price to 396 euros from 360 euros
* Claranova SA AVQ.PA : Portzamparc raises to Buy from hold; target price EUR 1.06
* Continental CONG.DE : Independent Research cuts TP to EUR 158.00 from EUR 175.00; hold
* CRH Plc CRH.L : UBS cuts price target to 3000p from 3200p
* Danone DANO.PA : Barclays cuts price target to 81 euros from 82 euros
* DCC Plc DCC.L : Peel Hunt cuts price target to 7,048p from 8,149p
* Delivery Hero SE DHER.DE : Barclays raises price target to 53 euros from 52.25 euros
* Deutsche Lufthansa AG LHAG.DE : Morgan Stanley cuts target to EUR 24 from EUR 26.20
* Deutsche Telekom AG DTEGn.DE : CFRA raises price target to EUR 16.6 from EUR 16
* Direct Line Insurance Group Plc DLGD.L : UBS cuts price target to 400p from 420p
* DSM DSMN.AS : Barclays raises price target to 96 euros from 95 euros
* Engie SA ENGIE.PA : Morgan Stanley raises target price to EUR 16.60 from EUR 16.50
* Epigenomics AG ECXn.DE : ESN/Equinet Bank raises target price to EUR 3.80; rating buy
* Evonik Industries AG EVKn.DE : Barclays cuts price target to 30 euros from 34 euros
* Evonik Industries AG EVKn.DE : Barclays cuts to equal weight from overweight
* Flsmidth FLS.CO : Handelsbanken cuts target price to DKK 385 from DKK 400; reduce
* Flsmidth FLS.CO : Morgan Stanley cuts target price to DKK 412 from DKK 430
* FMC AG FMEG.DE : Kepler Cheuvreux cuts target price to 88 euros from 100 euros
* Fraport FRAG.DE : CFRA cuts price target to EUR 69 from EUR 73.2
* Fraport FRAG.DE : CFRA raises to hold from sell
* Fresenius SE FREG.DE : UBS cuts price target to EUR 51.50 from EUR 57
* Funding Circle Holdings FCH.L : Morgan Stanley starts with equal-weight rating
* Funding Circle Holdings FCH.L : Morgan Stanley starts with price target of 380p
* G4S Plc GFS.L : JP Morgan cuts target price to 320p from 345p
* G4S Plc GFS.L : Barclays cuts price target to 200p from 270p
* Game Digital Plc GMDG.L : Canaccord Genuity raises price target to 60p from 35p
* Game Digital Plc GMDG.L : Canaccord Genuity raises to buy from hold
* Grieg Seafood ASA GSFO.OL : Kepler Cheuvreux raises target to NOK 137 from NOK 127
* Groupe Cs SIGF.PA : Portzamparc raises to accumulate from hold; target price EUR 5.9
* Hiscox Ltd HSX.L : HSBC raises target price to 1571p from 1500p; rating hold
* Hochschild Mining Plc HOCM.L : UBS raises price target to 175p from 170p
* Hochtief AG HOTG.DE : CFRA cuts price target to 155 euros from 177 euros
* Hunting Plc HTG.L : Canaccord Genuity cuts price target to 775p from 850p
* Hunting Plc HTG.L : Canaccord Genuity raises rating to buy from hold
* Imperial Brands Plc IMB.L : Cowen and Company cuts target price to 3100p from 3300p
* Indra IDR.MC : Berenberg cuts price target to 13 euros from 16 euros
* Infrastrutture Wireless Italiane INWT.MI : Barclays raises TP to EUR 6.90 from EUR 6.70
* ITV Plc ITV.L : JP Morgan cuts target price to 215p from 240p
* ITV Plc ITV.L : Barclays cuts price target to 170p from 180p
* ITV Plc ITV.L : CFRA cuts target price to 180p from 200p
* ITV Plc ITV.L : HSBC cuts target price to 145p from 180p; rating hold
* ITV Plc ITV.L : UBS cuts price target to 150p from 160p
* J D Wetherspoon Plc JDW.L : Berenberg cuts price target to 1,400p from 1,450p
* Kerry Group Plc KYGa.I : UBS raises price target to EUR 104 from EUR 102
* Koenig & Bauer AG SKBG.DE : ESN/Equinet Bank cuts target price to EUR 44 from EUR 48
* Koninklijke Ahold Delhaize AD.AS : Independent Research raises target to EUR 24; hold
* Koninklijke Ahold Delhaize AD.AS : Raymond James raises TP to EUR 19.1 from EUR 18.6
* Lenzing AG LENV.VI : Berenberg cuts price target to 100 euros from 115 euros
* Lenzing AG LENV.VI : Berenberg cuts target price to EUR 100 from EUR 115
* Lookers Plc LOOK.L : JP Morgan cuts target price to 129p from 130p
* Lundbeck LUN.CO : Credit Suisse cuts price target to DKK 280 from DKK 335
* Maisons Du Monde SA MDM.PA : JP Morgan cuts target price to 33 euros from 37 euros
* Maisons Du Monde SA MDM.PA : Jefferies cuts price target to 35 euros from 44 euros
* Marks and Spencer Group Plc MKS.L : HSBC cuts target price to 285p from 300p; hold
* Mediaset Espana TL5.MC : UBS cuts price target to EUR 7.60 from EUR 9.55
* Melia Hotels International MEL.MC : Raymond James cuts TP to 12 euros from 12.50 euros
* Nestle SA NESN.S : Barclays raises price target to SFR 84 from SFR 83
* Ontex Group NV ONTEX.BR : JP Morgan cuts target price to 17 euros from 18 euros
* Osram Licht AG OSRn.DE : Independent Research cuts TP to EUR 38.00 from EUR 41.00; hold
* Pandora PNDORA.CO : Berenberg cuts price target to DKK 432 from DKK 470
* Pcas SA PCAS.PA : Portzamparc cuts target price to EUR 12.0 from EUR 13.0; rating sell
* Raisio Oyj RAIVV.HE : Evli cuts target price to EUR 2.9 from EUR 3.4
* Renewi Plc RWI.L : Peel Hunt cuts price target to 87p from 108p
* Schaeffler AG SHA_p.DE : Credit Suisse cuts price target to 14.50 euros from 17 euros
* Schaeffler AG SHA_p.DE : Kepler Cheuvreux cuts target to 15.5 euros from 16.5 euros
* Scout24 AG G24n.DE : Credit Suisse cuts target price to EUR 41.3 from EUR 48.10
* Siemens AG SIEGn.DE : CFRA cuts price target to 110 euros from 140 euros
* Siemens AG SIEGn.DE : CFRA cuts to hold from strong buy
* Siemens Gamesa SGREN.MC : UBS cuts price target to EUR 14.50 from EUR 15.20
* Siemens Healthineers AG SHLG.DE : Berenberg raises target to 43 euros from 42 euros
* SIG Combibloc Group SIGNC.S : Barclays starts with equal weight rating
* SIG Combibloc Group SIGNC.S : Barclays starts with price target SFR 12
* SIG Combibloc Group SIGNC.S : Credit Suisse starts with outperform rating; SFR 14.20 TP
* SIG Combibloc Group SIGNC.S : Morgan Stanley starts with equal-weight rating
* SIG Combibloc Group SIGNC.S : Morgan Stanley starts with price target of SFR 12.40
* Sophos Group Plc SOPH.L : JP Morgan cuts target price to 420p from 600p
* Sophos Group Plc SOPH.L : JP Morgan cuts to neutral from overweight
* Sophos Group Plc SOPH.L : Credit Suisse cuts price target to 575p from 713p
* Sophos Group Plc SOPH.L : Liberum cuts target price to 400p from 530p
* Sophos Group Plc SOPH.L : Stifel cuts price target to 560p from 630p
* Sulzer AG SUN.S : Kepler Cheuvreux raises target price to SFR 108 from SFR 100
* Symrise AG SY1G.DE : Independent Research cuts TP to 73.0 euros from 82.0 euros; hold
* Tod's SpA TOD.MI : JP Morgan cuts target price to 50 euros from 58 euros
* Tod's SpA TOD.MI : Kepler Cheuvreux cuts target price to 51 euros from 55 euros
* Tod's SpA TOD.MI : UBS cuts price target to EUR 40 from EUR 44
* Tupras TUPRS.IS : Credit Suisse raises target price to TL 134.70 from TL 117.40
* Tupras TUPRS.IS : Oyak Securities raises price target to TL 180 from TL 120
* Tupras TUPRS.IS : Oyak Securities raises rating to outperform
* Turkish Airlines THYAO.IS : Oyak Securities downgrades to market perform rating
* Tyman Plc TYMN.L : Barclays cuts price target to 365p from 397p
* UBI Banca UBI.MI : Kepler Cheuvreux cuts target price to 3.4 euros from 3.5 euros
* Unilever NV ULVR.L : Barclays raises price target to 4750p from 4730p
* Unilever NV UNc.AS : Barclays raises price target to 54.40 euros from 53.50 euros
* Valneva SE VLS.PA : Portzamparc cuts target price to EUR 4.1 from EUR 4.6
* Valneva SE VLS.PA : Portzamparc cuts to accumulate from buy
* Verbund AG VERB.VI : Morgan Stanley raises target price to EUR 34.70 from EUR 32
* Vestas VWS.CO : Danske Bank lifts target price to DKK 545 from DKK 510; keeps at buy
* Vestas VWS.CO : UBS raises price target to DKK 540 from DKK 535
* Vicat SA VCTP.PA : Barclays cuts price target to 52 euros from 56 euros
* Voestalpine AG VOES.VI : Jefferies cuts price target to 42 euros from 52 euros
* Wacker Neuson SE WACGn.DE : Kepler Cheuvreux cuts target to 23 euros from 26 euros
* Weir Group Plc WEIR.L : Canaccord Genuity cuts target price to 2,000p from 2,500p
* Wereldhave NV WEHA.AS : JP Morgan cuts target price to 32.5 euros from 35 euros
* Wereldhave NV WEHA.AS : JP Morgan cuts to underweight from neutral
(Compiled by Bengaluru Newsroom)
((Diaries@thomsonreuters.com))