Europe Research Roundup: Alcatel, Heidelbergcement, ASML
23/01/2015 24:24
Jan 22 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Heidelbergcement and Chr Hansen, on Thursday.
HIGHLIGHTS
* Technology: Goldman Sachs ups Alcatel ALUA.PA to conviction-list buy ID:nWNAB05Q81
* Iberdrola IBE.MC : JP Morgan raises to overweight from neutral
* Building Materials: HSBC cuts Heidelbergcement HEIG.DE to underweight ID:nWNAB05Q56
* Chr Hansen CHRH.CO : SocGen cuts to hold from buy; HSBC raises target price to Dkk 290
* ASML ASML.AS : Barclays, Jefferies, UBS raise target price on the stock
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* A.P.R. Energy APREN.L : Peel Hunt cuts price target to 200p from 350p; rating hold
* Abcam Plc ABCA.L : N+1 Singer cuts price target to 411p from 414p
* Abcam Plc ABCA.L : N+1 Singer cuts to sell
* Acacia Mining ACAA.L : Investec raises to buy from sell; target price to 342p from 170p
* Accell Group ACCG.AS : ESN/SNS Securities raises to hold from reduce; target to 14 euros
* Admiral ADML.L : Credit Suisse raises target price to 1,440p from 1,350p
* Adocia ADOC.PA : Bryan Garnier starts with buy; fair value 93 euros
* Aggreko AGGK.L : Peel Hunt cuts to sell from hold; target price to 1,300p from 1,700p
* Air France KLM AIRF.PA : Davy cuts price target to 8 euros from 10 euros; rating neutral
* Alcatel Lucent ALUA.PA : Goldman Sachs raises price target to 4.20 euros from 3.15 euros
* Alcatel Lucent ALUA.PA : Goldman Sachs raises to conviction list buy from neutral
* Al Noor Hospitals ANHA.L : Numis starts coverage with add rating; price target 1092p
* Amer Sports Oyj AMEAS.HE : JP Morgan raises target to 16 euros from 15 euros; neutral
* Amlin AML.L : Canaccord Genuity raises target price to 450p from 430p
* Anadolu Efes AEFES.IS : HSBC cuts target price to Tl 23.5 from Tl 28.3; rating neutral
* Anglo American Plc AAL.L : Investec cuts target price to 1247p from 1588p; rating buy
* Antofagasta ANTO.L : Investec cuts target price to 694p from 704p; rating hold
* ARM Holdings Plc ARM.L : Citigroup adds to its Europe focus list; maintains buy rating
* ARM Holdings Plc ARM.L : Goldman Sachs raises price target to 1500p from 1400p; buy
* Ashtead AHT.L : Peel Hunt raises price target to 1,250p from 1,100p; rating buy
* ASML ASML.AS : Barclays raises target to 105 euros from 100 euros; overweight
* ASML ASML.AS : Jefferies raises price target to 104 euros from 82 euros; rating buy
* ASML ASML.AS : UBS raises target price to 92 euros from 83 euros; rating neutral
* ASML ASML.AS : Deutsche Bank raises price target to 105 euros from 100 euros; rating buy
* ASML ASML.AS : Goldman Sachs raises price target to 121 euros from 100 euros; rating buy
* ASML ASML.AS : JP Morgan raises target to 100 euros from 92 euros; rating overweight
* ASML ASML.AS : Natixis raises target price to 100 euros from 90 euros; rating buy
* ASML ASML.AS : SocGen raises target price to 110 euros from 100 euros; rating buy
* AstraZeneca Plc AZN.L : Bernstein raises target price to 5010p from 4821p
* Atkins (WS) ATKW.L : Peel Hunt cuts target price to 1,523p from 1,585p
* Aviva AV.L : Credit Suisse raises target price to 610p from 575p
* AXA SA AXAF.PA : J.P. Morgan raises target to 17.30 euros from 17.20 euros; underweight
* Axel Springer SPRGn.DE : Kepler Cheuvreux raises target to 57 euros from 53 euros; buy
* Axel Springer SPRGN.DE : SOCGEN cuts to sell from hold
* Babcock BAB.L : Peel Hunt cuts price target to 1,314p from 1,353p; rating buy
* Bakkafrost BAKKA.OL : Nordea raises to buy from hold
* Balfour Beatty BALF.L : Numis raises to add from hold
* Balfour Beatty BALF.L : Numis raises target price to 230p
* Banco Popular POP.MC : Credit Suisse raises target price to 4.20 euros from 4.18 euros
* Beazley Plc BEZG.L : Canaccord Genuity raises target price to 280p from 270p
* Beazley Plc BEZG.L : UBS cuts price target to 275p from 280p; rating neutral
* Berendsen BRSN.L : Peel Hunt raises price target to 1,178p from 1,045p; rating buy
* BHP Billiton Plc BLT.L : UBS cuts target price to 1800p from 1870p; rating buy
* BHP Billiton Plc BLT.L : Investec cuts target price to 1323p from 1599p; rating hold
* BHP Billiton Plc BLT.L : Deutsche Bank cuts target price to 2030p from 2100p; rating buy
* BHP Billiton BLT.L : Liberum maintains price target at 1400p; rating hold
* Bijou Brigitte BIJG.DE : Deutsche Bank cuts target price to 63 euros from 65 euros; hold
* Biomerieux SA BIOX.PA : Cowen and Company raises price target to 85 euros from 80 euros
* Biomerieux SA BIOX.PA : Kepler Cheuvreux ups target price to 103 euros from 86 euros; buy
* Bizim BIZIM.IS : HSBC cuts target price to Tl 23.4 from Tl 23.7; rating overweight
* BMW BMWG.DE : Barclays raises target price to 119 euros from 118 euros; rating overweight
* Bouygues SA BOUY.PA : Exane BNP Paribas raises target by 3 pct to 34 euros; outperform
* Braas Monier BMSA.DE : HSBC cuts target price to 19 euros from 20 euros; rating neutral
* Brit BRIT.L : Canaccord Genuity raises target price to 270p from 250p
* British Land BLND.L : HSBC raises target price to 909p from 850p; rating overweight
* Buzzi Unicem BZU.MI : HSBC cuts target price to 10.6 euros from 13 euros; rating neutral
* Caixabank CABK.MC : Credit Suisse cuts target price to 5.10 euros from 5.40 euros
* Cap Gemini CAPP.PA : Goldman Sachs raises price target to 86 euros from 81.5 euros; buy
* Capita CPI.L : Peel Hunt cuts to hold from buy; target price to 1,180p from 1,200p
* Card Factory CARDC.L : Canaccord Genuity cuts to hold from buy
* Carrefour CARR.PA : Kepler Cheuvreux raises to buy from hold
* Casino CASP.PA : Kepler Cheuvreux cuts to reduce from hold
* Catlin Group CGL.L : Canaccord Genuity raises target price to 700p from 650p
* Centamin CEY.L : Panmure cuts target price to 82p from 90p; rating buy
* Centamin CEY.L : Investec raises to hold from sell; raises price target to 68p from 49p
* Central Asia Metals CAML.L : Investec cuts target price to 227p from 241p; rating buy
* CEZ CEZP.PR : Citigroup cuts target price to Czk 545 from Czk 570; rating neutral
* Chr Hansen CHRH.CO : HSBC raises target price to Dkk 290 from Dkk 275; rating neutral
* Chr Hansen CHRH.CO : SocGen cuts to hold from buy
* Chr Hansen CHRH.CO : SocGen raises price target to Dkk 275 from Dkk 260
* Citycon CTY1S.HE : Goldman Sachs raises to buy
* Clasquin ALCLA.PA : Kepler Cheuvreux raises to buy from hold
* Clinigen Group CLINC.L : N+1 Singer raises target price to 549p; rating buy
* CRH Plc CRH.I : HSBC raises to overweight from neutral
* CRH Plc CRH.I : HSBC raises target price to 23 euros from 18.5 euros
* Coca-Cola Icecek CCOLA.IS : HSBC cuts target to Tl 55 from Tl 56.5; rating overweight
* Coface COFA.PA : Commerzbank cuts to hold from buy; target to 11.70 euros from 12.60euros
* Connect Group CNCTC.L : Peel Hunt cuts price target to 158p from 165p; rating hold
* Daily Mail And General Trust : SOCGEN cuts target to 720p from 740p; rating sell
* Dassault Systemes DAST.PA : Goldman Sachs raises target to 70 euros from 68 euros; buy
* DCC DCC.L : Peel Hunt raises target price to 3,790p from 3,745p
* Delhaize DELB.BR : UBS raises price target to 72 euros from 60 euros; rating overweight
* Daimler AG DAIGn.DE : Barclays raises target to 83 euros from 77 euros; rating overweight
* DCC Plc DCC.L : UBS raises price target to 3700p from 4150p; rating buy
* DIA DIDA.MC : Kepler Cheuvreux raises to buy from hold
* Diploma DPLM.L : Peel Hunt raises target price to 825p from 715p
* Direct Line Insurance DLGD.L : Credit Suisse cuts target price to 300p from 310p
* Dixons Carphone Plc DC.L : Citigroup raises price target to 510p from 480p; rating buy
* DMG Mori Seiki GILG.DE : ESN/Equinet Bank raises target to 32 euros from 28 euros; buy
* DNB DNB.OL : UBS cuts target price to Nok 129 from Nok 136; rating buy
* DNB DNB.OL : Danske Bank cuts target price to Nok 128 from Nok 135; rating buy
* E.ON EONGn.DE : Citigroup cuts target price to 12.50 euros from 13.10 euros; rating sell
* easyJet Plc EZJ.L : Davy cuts price target to 1600p from 1750p
* easyJet Plc EZJ.L : Davy cuts to neutral from outperform
* Electrocomponents ECM.L : Peel Hunt cuts price target to 200p from 250p; rating hold
* Elisa ELI1V.HE : Kepler Cheuvreux raises target price to 25 euros from 22 euros; buy
* Emlak Konut REIT EKGYO.IS : HSBC raises target price to Tl 3.9 from Tl 3; overweight
* Emmi AG EMMN.S : UBS cuts price target to Sfr 300 from Sfr 330; rating neutral
* Endesa ELE.MC : Berenberg cuts price target to 16.70 euros from 28 euros; rating hold
* Endesa ELE.MC : Morgan Stanley resumes coverage with overweight; price target 18.30 euros
* Enea ENAE.WA : Wood & Company raises price target to Pln 18 from Pln 15.2
* Enea ENAE.WA : Wood & Company raises to hold from sell
* Enel ENEI.MI : RBC raises to outperform from sector perform
* Energa ENGP.WA : WOOD & Company raises price target to Pln 24 from Pln 21.9; rating hold
* Ericsson ERICb.ST : Goldman Sachs raises price target to Sek 126 from Sek 117; rating buy
* Eurasia Drilling EDCLq.L : HSBC cuts to neutral from overweight
* Eurazeo SA EURA.PA : UBS raises target price to 67 euros from 65 euros; rating buy
* Euronext NV ENX.PA : JP Morgan raises price target to 30 euros from 28 euros; overweight
* Fabege FABG.ST : Goldman Sachs raises to buy
* Faurecia SA EPED.PA : HSBC raises target to 40 euros from 33 euros; rating overweight
* Ferrexpo FXPO.L : Investec raises to hold from sell; cuts price target to 56p from 107p
* Fevertree Drinks Plc FEVR.L : Investec starts with buy rating
* Fevertree Drinks Plc FEVR.L : Investec starts with price target 225p
* Fielmann AG FIEG.DE : DZ Bank AG raises target price to 63.00 euros from 55.00 euros; buy
* Firstgroup Plc FGP.L : JP Morgan raises price target to 158p from 153p; rating overweight
* Fonciere des Regions FDR.PA : Goldman Sachs raises to buy
* Gas Natural Fenosa GAS.MC : ESN/Beka Finance raises to buy from accumulate
* Geberit AG GEBN.VX : HSBC cuts target price to Sfr 300 from Sfr 360; rating neutral
* Gemalto GTO.AS : Goldman Sachs cuts price target to 85 euros from 87 euros
* Gemalto GTO.AS : Goldman Sachs cuts to neutral from buy
* Gemfields GEM.L : Investec raises target price to 63p from 61.10p; rating buy
* Genel Energy Plc GENL.L : JP Morgan cuts price target to 790p from 803p; overweight
* Gerry Weber GWIG.DE : Deutsche Bank raises target price to 39 euros from 34 euros; buy
* GlaxoSmithKline GSK.L : Bernstein raises target price to 1506p from 1464p
* Glencore GLEN.L : Investec cuts target price to 319p from 381p; rating buy
* Havas HAVA.PA : SOCGEN raises price target to 7 euros from 6.9 euros; rating hold
* H Lundbeck LUN.CO : UBS raises price target to Dkk 130 from Dkk 128; rating neutral
* Heidelbergcement HEIG.DE : HSBC cuts to underweight from neutral
* Heidelbergcement HEIG.DE : HSBC cuts target price to 61 euros from 64 euros
* Heidelbergcement HEIG.DE : Jefferies raises target to 69 euros from 65 euros; rating buy
* Henry Boot BHY.L :WH Ireland raises price target to 317.5P from 315p
* Hexagon AB HEXAb.ST : Goldman Sachs raises target price to Sek 345 from Sek 315; buy
* Hiscox HSX.L : Canaccord Genuity raises target price to 750p from 690p
* Hochschild Mining HOCM.L : Numis cuts to hold from add
* Holcim Ltd HOLN.VX : HSBC cuts target price to Sfr 58 from Sfr 65; rating underweight
* Holcim Ltd HOLN.VX : Jefferies cuts target price to Sfr 80 from Sfr 94; rating buy
* Holcim Ltd HOLN.VX : Raymond James cuts price target to Sfr 70 from Sfr 82; strong buy
* Home Invest Belgium HINV.BR : ESN/Bank Degroof raises target to 85 euros from 77 euros
* IAG ICAG.L : Davy raises price target to 600p from 460p; rating outperform
* Iberdrola IBE.MC : JP Morgan raises to overweight from neutral
* Iberdrola IBE.MC : JP Morgan raises price target to 6.50 euros from 5.60 euros
* Iliad SA ILD.PA : Exane BNP Paribas raises target by 5 pct to 220 euros; outperform
* Indra IDR.MC : Goldman Sachs raises price target to 9 euros from 8.8 euros; neutral
* Inficon IFCN.S : UBS cuts price target to Sfr 315 from Sfr 330; rating buy
* Infineon IFXGn.DE : Goldman Sachs ups price target to 10.2 euros from 9.2 euros; neutral
* Informa PLC INF.L : SOCGEN raises to buy from hold; raises price target to 585p from 500p
* Ingenico INGC.PA : Goldman Sachs raises price target to 125 euros from 110 euros; buy
* Intu Properties INTUP.L : HSBC raises target price to 399p from 370p; rating overweight
* Investor AB INVEb.ST : Kepler Cheuvreux raises target price to Sek 310 from Sek 280; buy
* Ipsos ISOS.PA : Kepler Cheuvreux raises to buy from hold
* ITE ITE.L : Westhouse Securities cuts to neutral from add; target price to 160p from 193p
* ITV ITV.L : Kepler Cheuvreux raises target price to 225p from 210p; rating hold
* ITV ITV.L : SOCGEN raises price target to 240p from 220p; rating hold
* JcDecaux SA JCDX.PA : Kepler Cheuvreux raises to buy from hold
* JcDecaux SA JCDX.PA : Kepler Cheuvreux raises target price to 34.50 euros from 28 euros
* Judges Scientific JDG.L : WH Ireland raises price target to 1750p from 1550p
* Julius Baer Group BAER.VX : Citigroup cuts price target to Sfr 37 from Sfr 44; neutral
* Kendrion SVEL.AS : ESN/SNS Securities ups to buy from accumulate;target price to 30 euros
* Kier KIE.L : Peel Hunt cuts target price to 2,000p from 2,200p
* Kiler KILER.IS : HSBC raises target price to Tl 1.55 from Tl 1.35; rating underweight
* Krones AG KRNG.DE : DZ Bank cuts target price to 74.00 euros from 77.00 euros
* Krones AG KRNG.DE : DZ Bank cuts to sell from buy
* Kudelski SA KUD.S : UBS cuts target price to Sfr 11 from Sfr 14; rating neutral
* Lagardere LAGA.PA : Kepler Cheuvreux names top picks for 2015
* Lancashire Holdings LRE.L : Canaccord Genuity raises target price to 575p from 545p
* Latchways LATC.L : Peel Hunt raises to hold from sell; cuts target to 703p from 750p
* Legal & General Group LGEN.L : Credit Suisse raises price target to 275p from 265p
* Lindab International AB LIAB.ST : Danske Bank raises rating to buy from hold
* Lindab International AB LIAB.ST : Danske Bank raises target price to Sek 82 from Sek 65
* Logitech International LOGI.O : J.P. Morgan raises target to $15 from $14; rating neutral
* Lonmin Plc LMI.L :Investec cuts target price to 92p from 133p; rating sell
* Lonza Group LONN.VX : Credit Suisse cuts price target to Sfr 105 from Sfr 120; neutral
* Lonza Group LONN.VX : Citigroup cuts price target to Sfr 105 from Sfr 115; rating neutral
* Lonza Group LONN.VX : UBS raises target price to Sfr 125 from Sfr 122; rating buy
* Lufthansa LHAG.DE : Davy cuts to underperform from neutral; cuts price target to 13 euros
* Marine Harvest MHG.OL : Nordea markets cuts to sell from buy, sets share target Nok 99
* Mercialys MERY.PA : Goldman Sachs raises to buy
* Migros MGROS.IS : HSBC raises target price to Tl 26.5 from Tl 25; rating neutral
* Millicom MICsdb.ST : Kepler Cheuvreux cuts target price to Sek 500 from Sek 600; reduce
* Mitie MTO.L : Peel Hunt cuts target price to 253p from 290p
* Moneysupermarket MONY.L : UBS raises price target to 240p from 183p; rating neutral
* Monitise MONI.L : Goldman Sachs cuts target price to 38p from 45p; rating buy
* NCC Group NCCG.L : Canaccord Genuity raises target price to 240p from 230p; rating buy
* Nektan Plc NKTN.L : Panmure starts with buy; price target 374p
* Next Radio TV SA NXTV.PA : Kepler Cheuvreux raises to buy from hold
* Next Radio TV SA NXTV.PA : Kepler Cheuvreux raises target price to 29 euros from 27 euros
* Nokia Nok1V.HE : Goldman Sachs reinstates with buy
* Nordea NDA.ST : UBS cuts target price to Sek 93 from Sek 95; rating neutral
* Northgate NTG.L : Peel Hunt raises price target to 675p from 625p; rating buy
* Norwegian Air NWC.OL : Davy starts with underperform; price target Nok 230
* Novae Group NVA.L : Canaccord Genuity raises target price to 650p from 630p
* Novartis AG NOVN.VX : Exane BNP Paribas cuts price target by 9 pct to Sfr 96; outperform
* Novartis NOVN.VX : Bernstein cuts target price to Sfr 102 from Sfr 104
* Numericable NUME.PA : Exane BNP Paribas cuts to neutral from outperform
* Numericable NUME.PA : Exane BNP Paribas raises price target by 29 pct to 45 euros
* Opera Software OPERA.OL : Goldman Sachs adds to conviction-list buy
* Opera Software OPERA.OL : Goldman Sachs raises target price to Nok 175 from Nok 140; buy
* Pace PIC.L : Goldman Sachs raises price target to 400p from 375p; rating neutral
* Pearson Plc PSON.L : Barclays raises target price to 1295p from 1160p; equal weight
* Pearson Plc PSON.L : Natixis raises target price to 1500p from 1300p; rating buy
* Pearson Plc PSON.L : Nomura raises target price to 1200p from 1110p; rating reduce
* Pearson PSON.L : Socgen raises price target to 1220p from 1105p; rating hold
* Pennant International PNIG.L : WH Ireland raises price target to 130p from 120p
* Petra Diamonds PDL.L : Investec raises price target to 267p from 263p; rating buy
* PGE PGE.WA : Wood & Company raises price target to Pln 24.3 from Pln 24; rating buy
* Poundland Group PLND.L : JP Morgan raises price target to 400p from 381p; overweight
* Poundland Group PLND.L : Citigroup raises price target to 400p from 350p; rating buy
* Premier Farnell PFL.L : Peel Hunt cuts target price to 185p from 220p
* Promethean PRWP.L : JP Morgan cuts price target to 15p from 18p; rating underweight
* Prosiebensat1 PSMGn.DE : Kepler Cheuvreux raises target price to 42 euros from 37 euros
* Prosiebensat1 PSMGn.DE : Kepler Cheuvreux names Top Picks for 2015
* Prosiebensat1 Psmgn.De : Socgen raises target to 38 euros from 35 euros; rating hold
* Prudential PRU.L : Credit Suisse raises target price to 1,750p from 1,600p
* Publicis Groupe PUBP.PA : JP Morgan ups target to 75.90 euros from 75.30 euros;overweight
* Publicis Groupe PUBP.PA : Kepler Cheuvreux names Top Picks for 2015
* Publicis Groupe PUBP.PA : SOCGEN raises target to 76 euros from 72 euros; rating buy
* Randgold Resources RRS.L : Investec raises to hold from sell; target to 5373p from 3757p
* Reed Elsevier REL.L : Kepler Cheuvreux raises target price to 970p from 830p
* Reed Elsevier REL.L : Kepler Cheuvreux raises to hold from reduce
* Reed Elsevier REL.L : SOCGEN raises price target to 1275p from 1105p; rating buy
* Rentokil Initial RTO.L : Peel Hunt raises target price to 117p from 114p
* Rexam Plc REX.L : Deutsche Bank cuts target price to 485p from 500p
* Ricardo RCDO.L : Peel Hunt cuts price target to 727p from 785p; rating buy
* Rio Tinto RIO.L : Investec raises to buy from hold
* Roche ROG.VX : Bernstein cuts target price to Sfr 298 from Sfr 314
* Roche ROG.VX : Exane BNP Paribas cuts price target by 10 pct to Sfr 300; outperform
* Rockwool ROCKb.CO : HSBC cuts target price to Dkk 900 from Dkk 1200; rating overweight
* RPS Group RPS.L : Peel Hunt cuts to hold from buy; target price to 227p from 302p
* RSA Insurance Group RSA.L : Credit Suisse raises to outperform from neutral
* RSA Insurance Group RSA.L : Credit Suisse raises target price to 525p from 450p
* RTL RRTL.DE : Kepler Cheuvreux raises target price to 74 euros from 73 euros
* RTL RRTL.DE : Kepler Cheuvreux cuts to reduce from hold
* RTL GROUP RRTL.DE : SOCGEN cuts to hold from buy; cuts target to 86 euros from 87 euros
* RWE RWEG.DE : Citigroup cuts target price to 21.40 euros from 26.30 euros; rating sell
* Ryanair RYA.I : Davy raises price target to 11 euros from 10.50 euros; rating outperform
* SABMiller Plc SAB.L : JP Morgan cuts price target to 3650p from 3700p; rating overweight
* SABMiller Plc SAB.L : Berenberg cuts target price to 3700p from 3800p; rating buy
* Safestore SAFE.L : Investec raises target price to 287p from 266p; rating buy
* Saga SAGAG.L : Credit Suisse cuts target price to 185p from 198p
* Sage Group SGE.L : Goldman Sachs raises target price to 550p from 450p; rating neutral
* Saint Gobain SGOB.PA : HSBC raises target price to 38 euros from 36 euros; rating neutral
* Salvatore Ferragamo SFER.MI : SocGen cuts to sell from hold
* Sanofi SASY.PA : Bernstein raises target price to 89 euros from 78 euros
* SAP SAPG.DE : Goldman Sachs cuts target price to 73 euros from 84 euros
* SAP SAPG.DE : Goldman Sachs removes from conviction list buy
* Savills Plc SVS.L : UBS raises price target to 820p from 740p; rating buy
* SCA AB SCAb.ST : Danske Bank raises target price to Sek 185 from Sek 165; rating hold
* Securitas AB SECUb.ST : Danske Bank raises target price to Sek 102 from Sek 93; hold
* SGS SA SGSN.VX : Morgan Stanley cuts target to Sfr 1850 from Sfr 2000; equal-weight
* SGS SA SGSN.VX : SocGen cuts price target to Sfr 1750 from Sfr 2200; rating hold
* SGS SA SGSN.VX : Barclays cuts target price to Sfr 1625 from Sfr 2050;rating equal weight
* SGS SA SGSN.VX : RBC cuts price target to Sfr 1475 from Sfr 1800; rating underperform
* SGS SA SGSN.VX : JP Morgan cuts price target to Sfr 1683 from Sfr 1800; rating neutral
* Sika AG SIK.VX : HSBC cuts target price to Sfr 3500 from Sfr 3800; rating overweight
* Sky SKYB.L : Kepler Cheuvreux cuts to hold from buy
* Sky SKYB.L : SOCGEN raises price target to 1110p from 1045p; rating buy
* Smurfit Kappa SKG.I : Deutsche Bank raises target price to 24 euros from 23 euros
* Software SOWG.DE : Goldman Sachs raises target price to 26 euros from 24 euros; neutral
* Speedy Hire SDY.L : Peel Hunt raises price target to 65p from 60p; rating hold
* Spirent Communications SPT.L : Goldman Sachs raises price target to 78p from 74p; sell
* St. James's Place SJP.L : Credit Suisse raises target price to 950p from 830p
* Standard Life SL.L : Credit Suisse raises price target to 450p from 425p
* STMicroelectronics STM.PA : Goldman Sachs ups target to 7.6 euros from 6.4 euros; neutral
* Storebrand STB.OL : JP Morgan cuts target to Nok 34.70 from Nok 40.10; rating neutral
* Swedbank SWEDa.ST : UBS raises target price to Sek 201 from Sek 200; rating buy
* Swedish Match SWMA.ST : Citigroup raises target price to 240 Sek from 211 Sek;rating sell
* Swiss Re SRENH.VX : Barclays cuts target to Sfr 78.60 from Sfr 87.40; rating equal weight
* Swiss Re SRENH.VX : Vontobel cuts price target to Sfr 83 from Sfr 85
* Swiss Re SRENH.VX : Vontobel cuts to hold from buy
* Tarkett SA TKTT.PA : HSBC cuts target price to 19 euros from 20 euros; rating neutral
* Tat Gida TATGD.IS : HSBC cuts to underweight from neutral
* Tat Gida TATGD.IS : HSBC raises target price to Tl 3.5 from Tl 3
* Tauron TPE.WA : Wood & Company raises price target to Pln 6.2 from Pln 6
* Tauron TPE.WA : Wood & Company raises to buy from hold
* Technicolor TCH.PA : Goldman Sachs raises target to 5.4 euros from 5.3 euros; neutral
* Telecity TCY.L : Goldman Sachs raises price target to 1250p from 1025p; rating buy
* TeliaSonera TLS1V.HE : ESN/Pohjola cuts price target to 5.40 euros from 5.60 euros;reduce
* Temenos TEMN.S : Goldman Sachs cuts target price to Sfr 32.50 from Sfr 39; rating neutral
* Tesco Plc TSCO.L : HSBC raises target price to 295p from 220p; rating overweight
* TF1 TFFP.PA : Kepler Cheuvreux cuts to hold from buy
* TF1 TFFP.PA : SOCGEN raises price target to 15.5 euros from 14 euros; rating buy
* Thomas Cook TCG.L : Exane BNP Paribas cuts to underperform from neutral; target to 110p
* Turkcell TCELL.IS : Renaissance Capital cuts to sell from hold
* Turkcell TCELL.IS : Renaissance Capital raises price target to Tl 14.6 from Tl 14.5
* Turk Telekom TTKOM.IS : Renaissance Capital raises target to Tl 7.3 from Tl 7; hold
* UBM UBM.L : Kepler Cheuvreux cuts to reduce from hold
* Ulker ULKER.IS : HSBC raises target price to Tl 20 from Tl 17; rating neutral
* Verbund AG VERB.VI : Citigroup raises target price to 16 euros from 15.20 euros; neutral
* Volkswagen VOWG_p.DE : Barclays raises target to 214 euros from 213 euros; equal weight
* Wacker Chemie AG WCHG.DE : Deutsche Bank raises to buy from hold
* Wienerberger WBSV.VI : HSBC cuts target to 10 euros from 10.5 euros; rating underweight
* Wirecard WDIG.DE : Goldman Sachs raises target price to 60 euros from 46 euros; buy
* Wolters Kluwer WLSNc.AS : Kepler Cheuvreux raises target price to 25 euros from 17 euros
* Wolters Kluwer WLSNC.AS : SOCGEN cuts to hold from buy; raises target to 28.3 euros from
27 euros
* Workspace Group WKP.L : Investec cuts to add from buy; raises target to 830p from 706p
* Worldline WLN.PA : Goldman Sachs raises target price to 20 euros from 19 euros; neutral
* WPP WPP.L : Kepler Cheuvreux raises target price to 1,545p from 1,450p
* WPP WPP.L : Socgen raises price target to 1685p from 1530p; rating buy
* Yara International ASA YAR.OL : Danske Bank cuts rating to sell from buy
* Zurich Insurance ZURN.VX : Barclays cuts target to Sfr 273 from Sfr 308; equal weight
(Compiled by Eileen Anupa Soreng, Geetha Panchaksharam and Aurindom Mukherjee in Bengaluru)
((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/