Europe Research Roundup: ABB Ltd, Adidas, Henkel, Royal Bank of Scotland
20/02/2014 16:37
Feb 20 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Adidas, William Hill and Vedanta Resources, on Thursday.
HIGHLIGHTS
* Henkel AG HNKG_p.DE : Canaccord Genuity cuts to hold from buy
* ABB Ltd ABBN.VX , Alfa Laval ALFA.ST : Goldman Sachs cuts to sell from neutral
* Royal Bank of Scotland RBS.L : Investec cuts to sell from hold
* Vedanta Resources VED.L : HSBC cuts to underweight from neutral
* Adidas AG ADSGn.DE : HSBC cuts to neutral from overweight
* William Hill WMH.L : Exane BNP Paribas, Goldman Sachs upgrade the stock
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. See bottom of the table for sector changes.
* AB InBev ABI.BR : Citigroup cuts target price to 85 euros from 87 euros; rating buy
* ABB Ltd ABBN.VX : Goldman Sachs cuts to sell from neutral
* Adidas AG ADSGn.DE : HSBC cuts to neutral from overweight
* African Barrick Gold ABGL.L : RBC raises target to 350p from 280p; rating outperform
* AK Transneft TRNF_p.MM : Deutsche Bank cuts target to 82500 roubles from 100000 roubles
* AK Transneft TRNF_p.MM : Deutsche Bank cuts to hold from buy
* Alfa Laval ALFA.ST : Goldman Sachs cuts to sell from neutral
* Alstom SA ALSO.PA : Goldman Sachs raises to neutral from sell
* Anglo American AAL.L : Jefferies raises target price to 1700p from 1450p; rating
* Aortech International AOR.L : Finncap starts with target price 132p
* Aortech International AOR.L : Finncap starts with target price of 132p
* Atos ATOS.PA : SocGen raises target price to 76 euros from 74 euros; rating buy
* Aureus Mining AUE.L : RBC raises target price to 70p from 60p; rating outperform
* Aurubis AG NAFG.DE : Goldman Sachs starts with neutral; target 45 euros
* BAE Systems BAES.L : RBC cuts target price to 450p from 470p; rating sector perform
* BHP Billiton BLT.L : Jefferies raises target price to 2400p from 2300p
* Big Yellow Group BYG.L : Jefferies raises target price to 618p from 540p; rating buy
* Bizim BIZIM.IS : JP Morgan cuts target price to Tl 19 from Tl 21; rating underweight
* BT Group BT.L : Credit Suisse raises target price to 440p from 350p; rating outperform
* Cap Gemini CAPP.PA : S&P Capital IQ raises target to 35 euros from 34 euros; rating sell
* Carlsberg CARLb.CO : Bernstein cuts target price to Dkk 830 from Dkk 870; outperform
* Carlsberg CARLb.CO : Citigroup raises target to Dkk 640 from Dkk 600; rating neutral
* Carlsberg CARLb.CO : Credit Suisse cuts target to Dkk 670 from Dkk 680; outperform
* Carlsberg CARLb.CO : Nomura raises target price to Dkk 680 from Dkk 665; rating buy
* Centamin Plc CEY.L : RBC raises target price to 80p from 65p; rating outperform
* Clariant CLN.VX : Citigroup raises target price to Sfr 21 from Sfr 19; rating buy
* Clariant CLN.VX : Credit Suisse raises target to Sfr 18 from Sfr 16; rating neutral
* Clariant CLN.VX : Deutsche Bank raises target price to Sfr 17 from Sfr 16; rating hold
* Clariant AG CLN.VX : SocGen raises target price to Sfr 18 from Sfr 16; rating hold
* Cosmo COPN.S : Jefferies raises target price to Sfr 120 from Sfr 95; rating buy
* Credit Agricole CAGR.PA : Deutsche Bank ups target to 10.70 euros from 10.10 euros; hold
* Credit Agricole CAGR.PA : Exane BNP Paribas raises target by 26 percent to 11.5 euros
* Credit Agricole CAGR.PA : Natixis raises target to 12.6 euros from 10.6 euros; buy
* Credit Agricole CAGR.PA : Nomura raises target to 13 euros from 10.50 euros; rating buy
* Credit Agricole CAGR.PA : UBS raises target to 12 euros from 11.30 euros; rating buy
* CVS Group CVSG.L : Investec raises to buy from add; target price to 340p from 255p
* Deutsche Boerse DB1Gn.DE : JP Morgan raises target to 59 euros from 54 euros; neutral
* DS Smith SMDS.L : Goldman Sachs cuts to conviction list sell from neutral
* Essentra PLC ESNT.L : Panmure cuts to hold from buy
* Eurasia Drilling EDCLq.L : Deutsche Bank cuts target price to $36 from $39; rating buy
* Eurocash SA EUR.WA : Berenberg cuts target price to Pln 52 from Pln 54.90; rating buy
* EVN AG EVNV.VI : Goldman Sachs starts with neutral; target 12.4 euros
* Fielmann AG FIEG.DE : Deutsche Bank raises target price to 82 euros from 67 euros
* Fielmann AG FIEG.DE : Deutsche Bank raises to hold from sell
* Flsmidth & Co FLS.CO : Goldman Sachs cuts to sell from neutral
* Freenet AG FNTGn.DE : ESN/Equinet Bank cuts to hold from accumulate
* Freenet AG FNTGn.DE : ESN/Equinet Bank raises target price to 24.50 euros from 22 euros
* Fresenius SE FREG.DE : Berenberg raises target price to 135 euros from 122 euros; buy
* Fresnillo Plc FRES.L : RBC cuts to sector perform from outperform
* Fresnillo Plc FRES.L : RBC raises target price to 1050p from 1000p
* GEA Group G1AG.DE : Goldman Sachs cuts to neutral from buy
* Gerresheimer AG GXIG.DE : Berenberg raises target to 57 euros from 54 euros; rating buy
* Go-Ahead Group GOG.L : Goldman Sachs cuts to buy from conviction list buy
* Go-Ahead Group GOG.L : Investec raises target price to 2300p from 1820p; rating buy
* Go-Ahead Group GOG.L : Panmure raises target price to 2000p from 1570p; rating hold
* Hellenic Petroleum HEPr.AT : SocGen raises to hold from sell
* Henderson Group HGGH.L : Canaccord Genuity cuts to hold from buy
* Henkel AG HNKG_p.DE : Canaccord Genuity cuts to hold from buy
* Hochschild Mining HOCM.L : RBC raises target to 200p from 160p; rating sector perform
* Iberdrola IBE.MC : Morgan Stanley raises target to 4.10 euros from 4 euros; underweight
* Iberdrola IBE.MC : S&P Capital IQ raises target to 3.78 euros from 3.21 euros; sell
* Icade SA ICAD.PA : Natixis cuts target price to 78 euros from 81.5 euros; rating buy
* Ingenico INGC.PA : Barclays raises target to 68 euros from 62 euros; rating overweight
* Inter RAO IRAO.MM : JP Morgan cuts to neutral from overweight
* Jeronimo Martins JMT.LS : Barclays cuts target to 12.80 euros from 13.20 euros
* John Wood Group WG.L : Macquarie cuts target price to 826p from 860p; rating outperform
* Kinepolis KIPO.BR : ESN/Bank Degroof raises target to 120 euros from 105 euros; hold
* KTG Agrar 7KTG.DE : DZ Bank cuts fair value to 19 euros from 24.30 euros; rating buy
* Ladbrokes LAD.L : Exane BNP Paribas cuts target to 205p from 220p; rating outperform
* Lafarge LAFP.PA : Credit Suisse cuts target to 60 euros from 61 euros; rating outperform
* Lanxess AG LXSG.DE : DZ Bank raises fair value to 60 euros from 55 euros
* Legrand SA LEGD.PA : Goldman Sachs raises to conviction list buy from buy
* M6 MMTP.PA : Exane BNP Paribas raises target by 7 percent to 16 euros; underperform
* Metso Oyj MEO1V.HE : Goldman Sachs raises to neutral from sell
* Mondi PLC MNDI.L : Deutsche Bank raises target price to 1200p from 1050p; rating buy
* Natixis CNAT.PA : ESN/CM - CIC Securities cuts to hold from buy
* Natixis CNAT.PA : Exane BNP Paribas raises target to 5.1 euros from 4.6 euros;outperform
* Nobel Biocare NOBN.S : JP Morgan raises target to Sfr 11.40 from Sfr 9.70; underweight
* Nokian NRE1V.HE : UBS raises to buy from neutral; target to 40 euros from 31 euros
* OMV AG OMVV.VI : Deutsche Bank cuts target price to 31.50 euros from 32 euros
* OMV AG OMVV.VI : Deutsche Bank raises to hold from sell
* Paddy Power PAP.I : Goldman Sachs raises to buy from neutral
* Petra Diamonds Ltd PDL.L : Numis raises target price to 200p from 170p; rating buy
* Petropavlovsk Plc POG.L : RBC raises target price to 100p from 70p; rating underperform
* Peugeot SA PEUP.PA : S&P Capital IQ raises target to 10.7 euros from 9.7 euros; sell
* Polymetal POLYP.L : RBC raises target price to 750p from 650p; rating outperform
* Prysmian PRY.MI : Goldman Sachs cuts to buy from conviction list buy
* Puma SE PUMG.DE : Commerzbank cuts target price to 190 euros from 209 euros; rating hold
* Randgold Resources RRS.L : RBC raises target to 5300p from 4500p; rating sector perform
* Rathbone Brothers RAT.L : Canaccord Genuity cuts to hold from buy
* Rheinmetall RHMG.DE : DZ Bank raises fair value to 63 euros from 54 euros; rating buy
* Rheinmetall AG RHMG.DE : UBS raises target to 55 euros from 39 euros; rating neutral
* Rio Tinto RIO.L : Jefferies raises target price to 4400p from 4200p
* Royal Bank of Scotland RBS.L : Investec cuts to sell from hold
* Saint Gobain SGOB.PA : S&P Capital IQ raises target to 46 euros from 42 euros; buy
* Sanitec Corp SNTC.ST : UBS raises target price to Sek 87 from Sek 85; rating buy
* Sollers OAO SVAV.MM : Deutsche Bank cuts target price to 755 roubles from 860 roubles
* Sollers OAO SVAV.MM : Deutsche Bank cuts to hold from buy
* Sports Direct SPD.L : Citigroup raises target price to 900p from 815p; rating buy
* Standard Life SL.L : Nomura raises to neutral from reduce; target to 375p from 337p
* Suez Environnement SEVI.PA : UBS raises target price to 16.3 euros from 9.8 euros
* Suez Environnement SEVI.PA : UBS raises to buy from neutral
* Takkt AG TTKG.DE : Commerzbank raises target price to 17 euros from 16 euros; rating buy
* Tarkett TKTT.PA : JP Morgan raises target to 36 euros from 34 euros; rating overweight
* Temenos Group TEMN.S : UBS raises target price to Sfr 30 from Sfr 26.5; rating buy
* Tenaris TENR.MI : Exane BNP Paribas cuts target by 3 pct to16.5 euros; rating neutral
* Tom Tailor TTIGn.DE : Berenberg cuts target to 16.50 euros from 19 euros; rating hold
* Tom Tailor TTIGn.DE : Deutsche Bank cuts target to 14 euros from 16 euros; rating hold
* Tom Tailor TTIGn.DE : Exane cuts target price to 17 euros from 20 euros; outperform
* Transgaz ROTGN.BX : Erste Group raises to buy from accumulate
* Ultra Electronics ULE.L : JP Morgan raises target to 2000p from 1950p; rating neutral
* Vallourec VLLP.PA : Exane BNP Paribas cuts target by 6 pct to 47 euros; outperform
* Vedanta Resources VED.L : HSBC cuts target price to 768p from 1040p
* Vedanta Resources VED.L : HSBC cuts to underweight from neutral
* Veolia Environnement VIE.PA : UBS raises target to 12.4 euros from 9.2 euros; neutral
* Vilmorin VILM.PA : Natixis raises target to 110 euros from 105 euros; rating buy
* Vodafone VOD.L : Citigroup raises target price to 290p from 260p; rating buy
* VTG AG VT9G.DE : Deutsche Bank raises target to 16 euros from 15.50 euros; rating hold
* WH Smith SMWH.L : Barclays raises target price to 1250p from 990p; rating overweight
* William Hill WMH.L : Exane BNP Paribas raises target price to 420p from 405p
* William Hill WMH.L : Exane BNP Paribas raises to outperform from neutral
* William Hill WMH.L : Goldman Sachs raises to buy from neutral
* Wolters Kluwer WLSNc.AS : Barclays cuts target to 21.85 from 22.8 euros; equalweight
* Wolters Kluwer WLSNc.AS : Deutsche Bank raises target to 17 euros from 16 euros; hold
* Wolters Kluwer WLSNc.AS : S&P Capital IQ raises target to 22 euros from 21 euros; hold
* Wolters Kluwer WLSNc.AS : SocGen cuts target price to 24 euros from 25 euros; rating buy
* Zurich Insurance ZURN.VX : Barclays cuts target to Sfr 259 from Sfr 269; equal weight
(Compiled by Eileen Anupa Soreng and Fareha Khan 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/