Europe Research Roundup: Caixabank, Munich RE, Royal Mail

Bertrandt AG

14/11/2017 06:57

Nov 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Caixabank, Munich RE and Royal Mail, on Tuesday.  
     
    HIGHLIGHTS 
     * Caixabank  CABK.MC : Credit Suisse raises to outperform from neutral 
     * Munich RE  MUVGn.DE : Jefferies cuts to hold from buy       
     * Royal Mail Plc  RMG.L : Bernstein raises to outperform from market-perform    
 Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
     
     * Altice NV  ATCA.AS : Morgan Stanley cuts price target to 13.50 euros from 20.50 euros 
     * Bankia  BKIA.MC : Credit Suisse cuts target price to EUR 3.60 from EUR 4.80 
     * Bankia  BKIA.MC : Credit Suisse cuts to underperform from outperform 
     * Bayer AG  BAYGn.DE : Jefferies cuts price target to 137 euros from 140 euros 
     * Bertrandt AG  BDTG.DE : Berenberg starts with hold rating; EUR 89 price target 
     * Bim Birlesik Magazalar As  BIMAS.IS : Morgan Stanley raises target to TL 80 from TL 78 
     * Brenntag AG  BNRGn.DE : Jefferies raises target price to EUR 60 from EUR 56; rating buy 
     * Caixabank  CABK.MC : Credit Suisse raises target price to EUR 4.40 from EUR 4.20 
     * Caixabank  CABK.MC : Credit Suisse raises to outperform from neutral 
     * CTT  CTT.LS : Morgan Stanley cuts target price to EUR 4.25 from EUR 5.60 
     * Dialog Semiconductor Plc  DLGS.DE : Credit Suisse cuts target to 43 euros from 46 euros 
     * DNB ASA  DNB.OL : RBC raises target price to NOK 175 from NOK 170 
     * Esure Group Plc  ESUR.L : Credit Suisse cuts target price to 290p from 315p 
     * Ferguson Plc  FERG.L : Liberum raises target price to 5450p from 5300p 
     * Hikma Pharmaceuticals Plc  HIK.L : Morgan Stanley cuts target price to 1100p from 1350p 
     * Inmarsat Plc  ISA.L : Morgan Stanley cuts target price to 620p from 760p 
     * Kerry Group Plc  KYGa.I : Liberum raises target price to EUR 95 from EUR 86 
     * Munich Re  MUVGn.DE : Jefferies cuts to hold from buy 
     * Munich Re  MUVGn.DE : Morgan Stanley raises target price to EUR 214 from EUR 196 
     * Pennon Group Plc  PNN.L : Barclays cuts target price to 730p from 810p 
     * Royal Mail Plc  RMG.L : Bernstein raises target price to 450p from 370p 
     * Royal Mail Plc  RMG.L : Bernstein raises to outperform from market-perform 
     * Sabadell  SABE.MC : Credit Suisse cuts target price to EUR 1.65 from EUR 1.80 
     * Senior Plc  SNR.L : Barclays raises target price to 290p from 265p 
     * Senvion SA  SENG.DE : Morgan Stanley cuts target price to EUR 10.80 from EUR 11.30 
     * Severn Trent Plc  SVT.L : Barclays cuts target price to 2315p from 2500p 
     * Spie SA  SPIE.PA : Barclays cuts target price to EUR 24 from EUR 25.50 
     * Subsea 7 SA  SUBC.OL : Jefferies cuts price target to NOK 150 from NOK 165 
     * Subsea 7 SA  SUBC.OL : Jefferies cuts target price to NOK 150 from NOK 165 
     * Tecnicas Reunidas  TRE.MC : Barclays cuts target price to EUR 30 from EUR 39 
     * Tecnicas Reunidas  TRE.MC : Morgan Stanley cuts price target to 28 euros from 35 euros 
     * Tecnicas Reunidas  TRE.MC : Morgan Stanley raises to equal-weight from underweight 
     * United Utilities Group Plc  UU.L : Barclays cuts target price to 850p from 1010p 
     * Vallourec  VLLP.PA : Barclays cuts target price to EUR 2.30 from EUR 2.50 
     * Vestas  VWS.CO : Barclays cuts target price to DKK 505 from DKK 690 
     * X Fab Silicon Foundries  XFAB.PA :Credit Suisse raises target to 6.75 euros from 6 euros 
  
     
 
 (Compiled by Bengaluru Newsroom) 
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Keywords: RESEARCH EUROPE/