EUROPE RESEARCH ROUNDUP: Ahold, AstraZeneca, EADS, Swiss Life
15/11/2013 15:48
Nov 15 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including AstraZeneca and RSA, on Friday.
HIGHLIGHTS
* AstraZeneca AZN.L : Liberum raises to buy; raises price target to 3500p
* EADS EAD.PA : JP Morgan cuts target to 69 euros from 70 euros; overweight
* RSA RSA.L : Berenberg cuts to hold from buy; cuts target to 112p from 141p
* Swiss Life SLHN.VX : Berenberg raises to buy from hold; target to Sfr 215 from Sfr 195
* Ahold AHLN.AS : Natixis cuts to neutral from buy
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Adecco ADEN.VX : Credit Suisse raises target to Sfr 76 from Sfr 68; rating outperform
* Ahold AHLN.AS : HSBC raises price target to 15 euros from 14.50 euros; overweight
* Ahold AHLN.AS : JP Morgan cuts to neutral from overweight
* Ahold AHLN.AS : SocGen raises price target to 11.7 euros rom 10.3 euros; sell
* Ahold AHLN.AS : Natixis cuts to neutral from buy
* Amlin AML.L : HSBC cuts to underweight from neutral; raises target to 430p from 410p
* Amlin AML.L : HSBC cuts to underweight from neutral; ups target to 430p from 410p
* ARM ARMH.O : JMP Securities starts with market outperform rating; target $55
* AstraZeneca AZN.L : Liberum raises to buy; price target to 3500p
* Autoneum AUTON.S : Credit Suisse raises target to Sfr 145 from Sfr 130; outperform
* Baloise BALN.VX : Berenberg raises price target to Sfr 120 from Sfr 115; rating buy
* Barry Callebaut BARN.S : UBS raises to buy from neutral
* Barry Callebaut BARN.S : UBS raises target to Sfr 1160 from Sfr 1000
* BBA Aviation BBA.L : UBS raises price target to 340p from 280p; rating neutral
* BBA Aviation BBA.L : JP Morgan raises target to 356p from 347p; rating overweight
* BBVA BBVA.MC : JP Morgan raises target to 7.06 euros from 6.54 euros; underweight
* BIM BIMAS.IS : Deutsche Bank raises target to Tl 52 from Tl 51; buy
* Bizim BIZIM.IS : Renaissance Capital cuts target by 16 percent to Tl 29.50; buy
* Bizim BIZIM.IS : Deutsche Bank cuts to hold from buy; target to Tl 24.50 from Tl 36.90
* Bouygues BOUY.PA : HSBC raises price target to 30 euros from 27 euros; rating neutral
* British Land Company BLND.L : Goldman Sachs raises target to 670p from 649p; neutral
* BTG PLC BTG.L : Finncap cuts to sell
* Bureau Veritas BVI.PA : JP Morgan cuts to underweight from neutral
* Bureau Veritas BVI.PA : JP Morgan cuts price target to 19.76 euros from 22 euros
* Caixabank CABK.MC : Citigroup raises to buy from neutral
* Cape CIU.L : Numis cuts to hold from buy
* Carphone CPW.L : Citigroup raises target price to 320p from 290p; rating buy
* Centrica CNA.L : HSBC cuts price target to 385p from 400p; rating neutral
* Centrica CNA.L : JP Morgan cuts price target to 355p from 375p; rating neutral
* Centrica CNA.L : Citigroup cuts target price to 360p from 390p; rating neutral
* Centrica CNA.L : Credit Suisse cuts price target to 300p from 310p; rating underperform
* CEZ CEZP.PR : HSBC raises price target to 500P from 480P; underweight
* Compass Group CPG.L : SocGen raises price target to 1020p from 970p; rating buy
* Cyfrowy Polsat CPS.WA : UBS cuts to neutral from buy
* Danske Bank DANSKE.CO : Barclays raises price target to Dkk 117 from Dkk 109
* Debenhams DEB.L : Goldman Sachs cuts to sell from neutral; target to 78p from 90p
* Devro DVO.L : JP Morgan cuts price target to 357p from 367p; rating overweight
* DNB DNB.OL : Barclays raises price target to Nok 119 from Nok 111; rating overweight
* Drax Group DRX.L : Goldman Sachs raises price target to 956p from 938p; rating buy
* Drax DRX.L : HSBC raises to overweight from neutral; raises target to 800p from 680p
* EADS EAD.PA : S&P Capital IQ raises target to 60 euros from 56 euros; strong buy
* EADS EAD.PA : JP Morgan cuts target to 69 euros from 70 euros; overweight
* EADS EAD.PA : SocGen raises price target to 66 euros from 53 euros; buy
* EADS EAD.PA : DZ Bank raises target to 58 euros from 51 euros; buy
* EDF EDF.PA : HSBC raises price target to 31 euro from 30 euros; rating overweight
* Electra Private Equity ELTA.L : Panmure starts with buy rating; target of 2,534p
* E.ON EONGn.DE : HSBC raises price target to 13 euros from 11 euros; underweight
* Epigenomics ECX.DE : ESN/Equinet raises target to 8 euros from 4 euros; rating buy
* Faroe Petroleum FPM.L : RBC raises price target to 220p from 190p; outperform
* Fielmann FIEG.DE : Commerzbank raises target to 77 euros from 70 euros; rating hold
* Fortum FUM1V.HE : HSBC raises price target to 15 euros from 14 euros; underweight
* Gategroup GATE.S : Helvea Baader Bank raises target to Sfr 27 from Sfr 23; hold
* GDF Suez GSZ.PA : HSBC cuts to underweight from neutral
* Hellermanntyton HTY.L : Canaccord Genuity ups target to 330p from 295p; rating buy
* Hellermanntyton HTY.L : JP Morgan raises target to 335p from 295p; rating overweight
* Helvetia HELN.S : Berenberg raises target to Sfr 470 fromSfr 450; rating hold
* Iberdrola IBE.MC : HSBC raises target to 4.7 euros from 4.5 euros; rating underweight
* Intertek ITRK.L : JP Morgan cuts to neutral from overweight
* Intertek ITRK.L : JP Morgan cuts target to 3212p from 3840p
* Jacquet Metal Service JCQ.PA : SocGen cuts to hold from buy
* Julius Baer BAER.VX : Citigroup raises target to Sfr 45 from Sfr 37.50; neutral
* K&S AG SDFGn.DE : S&P capital raises to hold from sell; target to 22 euros from 18 euros
* K&S AG SDFGn.DE : DZ Bank cuts price target to 23 euros from 26.50 euros; rating buy
* K&S AG SDFGn.DE : HSBC raises price target to 22 euros from 21 euros; rating neutral
* K&S AG SDFGn.DE : Barclays raises target to 20 euros from 18 euros; rating underweight
* KBC KBC.BR : SocGen raises price target to 46 euros from 45 euros; buy
* KBC KBC.BR : UBS raises price target to 44.60 euros from 41.70 euros; rating neutral
* KBC KBC.BR : Berenberg raises price target to 44 euros from 41 euros; rating buy
* KBC KBC.BR : Natixis raises price target to 47 euros from 44 euros; rating buy
* Kinepolis KIPO.BR : ING raises target to 115 euros from 105 euros; rating hold
* Merck MRCG.DE : S&P Capital raises target to 110 euros from 106 euros; rating sell
* Merck MRCG.DE : SocGen raises price target to 104 euros from 103 euros; rating sell
* Merck MRCG.DE : JP Morgan cuts price target to 122 euros from 125 euros; rating neutral
* Merck KGaA MRCG.DE : Deutsche Bank raises price target to 157 euros from 148 euros
* Merck MRCG.DE : Helvea Baader Bank raises target to 123 euros from 119 euros; hold
* Merlin Entertainments MERL.L : Credit Suisse starts with neutral; price target 352p
* Migros MGROS.IS : Deutsche Bank cuts to hold from buy; target to Tl 18.10 from Tl 30.30
* Nordea NDA.ST : UBS raises price target to Sek 95 from Sek 94; rating buy
* Nordea NDA.ST : Barclays raises price target to Sek 94 from Sek 93
* Ophir Energy OPHR.L : UBS raises price target to 395p from 340p; rating neutral
* Osram Licht OSRn.DE : Deutsche Bank raises price target to 48 euros from 40 euros
* Parrot PARRO.PA : Natixis cuts price target to 22 euros from 25 euros; rating neutral
* Perform PER.L : Morgan Stanley cuts to equal weight from overweight
* Perform PER.L : Morgan Stanley cuts target to 500p from 560p
* Prudential PRU.L : Berenberg raises price target to 1550p from 1400p; rating buy
* Prudential PRU.L : Deutsche Bank raises price target to 1350p from 1290p
* Prudential PRU.L : S&P Capital IQ raises target to 1375p from 1320p; rating buy
* Randstad RAND.AS : Credit Suisse raises target to 44 euros from 38 euros; rating neutral
* Resolution RSL.L : Berenberg raises price target to 320p from 295p; rating sell
* Royal Bank of Scotland RBS.L : Numis cuts price target to 374p from 400p; rating add
* RSA RSA.L : Berenberg cuts to hold from buy; cuts target to 112p from 141p
* RTL RRTL.DE : DZ Bank raises fair value to 74.30 euros from 67.50 euros; rating sell
* RWE RWEG.DE : HSBC raises price target to 23 euros from 18 euros; rating underweight
* RWE RWEG.DE : SocGen cuts price target to 20 euros from 21 euros; rating sell
* RWE RWEG.DE : Investec cuts price target to 28 euros from 29 euros; rating buy
* SAP SAPG.DE : Barclays raises to overweight; raises price target to 70 euros
* Schibsted SBST.OL : Deutsche Bank raises price target to Nok 220 from Nok 190
* SEB SEBa.ST : UBS raises price target to Sek 80 from Sek 78; rating neutral
* SEB SEBa.ST : Barclays raises price target to Sek 87 from Sek 78
* Serco SRP.L : Jefferies cuts price target to 560p from 675p; rating buy
* Serco SRP.L : Credit Suisse cuts price target to 500p from 600p; rating neutral
* Serco SRP.L : UBS raises to buy from neutral; cuts target to 480p from 580p
* Serco SRP.L : Berenberg cuts price target to 445p from 600p; rating hold
* Serco SRP.L : JP Morgan cuts target to 544p from 646p; rating overweight
* Serco SRP.L : Deutsche Bank cuts price target to 440p from 630p
* Serco SRP.L : Cantor Fitzgerald cuts target price to 380p from 450p; rating sell
* SGS SGSN.VX : JP Morgan cuts price target to Sfr 1926 from Sfr 1994; rating neutral
* SHB SHBa.ST : UBS raises price target to Sek 309 from Sek 289; neutral
* SHB SHBa.ST : UBS drops from least preferred list in European banks alpha preferences
* Shire SHP.L : JP Morgan raises target to 3400p from 3200p; rating overweight
* Sodexo EXHO.PA : SocGen raises price target to 74 euros from 66 euros; rating hold
* Sodexo EXHO.PA : HSBC raises price target to 81 euros from 75 euros; rating overweight
* Sodexo EXHO.PA : Natixis raises price target to 82 euros from 78 euros; rating buy
* Solocal LOCAL.PA : Natixis cuts price target to 3 euros from 3.6 euros; rating buy
* Spirax-Sarco SPX.L : Numis cuts to hold from add
* Spirent SPT.L : Numis cuts to hold from buy
* SSE SSE.L : HSBC cuts price target to 1500p from 1610p; rating neutral
* SGS SGSN.VX : JP Morgan cuts target to Sfr 1926 from Sfr 1994; rating neutral
* Suez Environnement SEVI.PA : HSBC raises target to 15 euros from 12.5 euros; overweight
* Swedbank SWEDa.ST : UBS adds to its key call list; rating buy
* Swedbank SWEDa.ST : UBS raises price target to Sek 201 from Sek 197; rating buy
* Swedbank SWEDa.ST : Barclays raises price target to Sek 176 from Sek 164
* Swisscom SCMN.VX : JP Morgan raises target to Sfr 530 from Sfr 505; rating overweight
* Swiss Life SLHN.VX : Berenberg raises to buy from hold
* Swiss Life SLHN.VX : Berenberg raises target to Sfr 215 from Sfr 195
* Talktalk TALK.L : Berenberg raises price target to 200p from 195p; rating sell
* Taylor Wimpey TW.L : Deutsche Bank raises price target to 151p from 140p
* Tecnicas TRE.MC : Natixis raises target price to 37 euros from 35 euros; rating neutral
* Tecnicas Reunidas TRE.MC : Barclays raises price target to 49 euros; rating equal weight
* Telecity TCY.L : Numis raises to buy from hold
* Telekom Austria TELA.VI : Barclays cuts target to 5 euros from 6 eurios; equal weight
* Tessenderlo TESB.BR : Deutsche Bank cuts price target to 16 euros from 18 euros
* Tod's TOD.MI : Citigroup cuts target price to 144 euros from 158 euros; rating buy
* UBI UBI.MI : HSBC raises price target to 5.53 euros from 3.18 euros; neutral
* Ulker ULKER.IS : JP Morgan cuts to neutral from overweight
* Ultra Electronics ULE.L : JP Morgan cuts target by 9 percent to 1920p; rating neutral
* United Internet UTDI.DE : HSBC raises target to 32 euros from 30 euros; overweight
* UTV Media UTV.L : Numis raises price target to 288p; rating buy
* Veolia Environment VIE.PA : HSBC raises target to 15 euros from 14 euros; overweight
* Verbund VERB.VI : HSBC raises target to 15 euros from 13 euros; underweight
* Vienna Airport VIEV.VI : RBC raises target to 70 euros from 59 euros; outperform
* Vivendi VIV.PA : SocGen raises price target to 21 euros from 19 euros; rating buy
* Wincanton WIN.L : RBC raises price target to 175p from 100p; rating outperform
* WS Atkins ATKW.L : JP Morgan raises price target to 1390p from 1348p; rating overweight
* WS Atkins ATKW.L : Numis raises to add from hold
* Youngs YNGa.L : Panmure cuts to hold from buy
(Compiled by Sampad Patnaik in Bangalore)
((sampad.patnaik@thomsonreuters.com)(Within U.S. +1 646 223 8780, outside U.S. +91 80 6749
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Keywords: RESEARCH EUROPE/