Europe Research Roundup: BMW, Hannover Re, Lundin Petroleum, easyJet
07/08/2014 17:06
Aug 7 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Hannover Re, Accor and Securitas, on Thursday.
HIGHLIGHTS
* Accor SA ACCP.PA : Credit Suisse raises to neutral from underperform
* BMW BMWG.DE : Macquarie raises price target to 93 euros from 90 euros; rating neutral
* Hannover Re HNRGn.DE : DZ Bank raises to buy from hold
* Securitas AB SECUb.ST : UBS cuts to sell from neutral
* easyJet EZJ.L : Barclays cuts to equal weight from overweight; target to 1330p from 1700p
* Amer Sports AMEAS.HE : ESN/Pohjola raises to buy from accumulate rating
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Accor SA ACCP.PA : Credit Suisse raises to neutral from underperform
* Active Biotech ACTI.ST : Jefferies cuts target price to Sek 33 from Sek 65; rating hold
* Adidas AG ADSGn.DE : S&P Capital IQ cuts price target to 60 euros from 62 euros; hold
* Afren AFRE.L : Canaccord Genuity raises to speculative buy from hold
* Ageas SA AGES.BR : SocGen cuts target price to 39 euros from 40.3 euros; rating buy
* Ageas SA AGES.BR : Exane BNP Paribas cuts target to 30.50 euros from 35 euros; neutral
* Aggreko Plc AGGK.L : Morgan Stanley raises target to 1350p from 1300p; rating underweight
* Amara Mining AMARA.L : BMO ups to outperform (speculative)
* Amara Mining AMARA.L : BMO raises target price to 30p from 25p
* Amec Plc AMEC.L : S&P Capital IQ cuts target price to 1200p from 1400p; rating buy
* Amer Sports AMEAS.HE : ESN/Pohjola raises to buy from accumulate rating
* Amlin Plc AML.L : Numis raises to buy
* Arm Holdings Plc ARMH.O : Benchmark raises to buy from hold; target price to $49 from $47
* Banco Popular POP.MC : UBS cuts target to 4.60 euros from 6.10 euros; rating neutral
* Bank of Ireland BKIR.I : Investec raises to buy from add
* Bank of Ireland BKIR.I : Investec raises target price to 0.32 euro from 0.31 euro
* Beazley Plc BEZG.L : Peel Hunt cuts target price to 263p from 269p; rating buy
* Beiersdorf AG BEIG.DE : Commerzbank cuts price target to 68 euros from 71 euros; hold
* Bizim BIZIM.IS : JP Morgan cuts price target to Tl 16 from Tl 16.50; rating underweight
* BMW BMWG.DE : Macquarie raises price target to 93 euros from 90 euros; rating neutral
* Carphone Warehouse CPW.L : Barclays reinstates with overweight; price target 420p
* Clinigen Group Plc CLINC.L : N+1 Singer starts with buy rating; target price of 439p
* Commerzbank CBKG.DE : DZ Bank cuts target price to 9.50 euros from 11.00 euros; sell
* Cramo CRA1V.HE : ESN/Pohjola cuts target price to 14.50 euros from 16 euros; rating hold
* Credit Agricole CAGR.PA : UBS raises target to 13.3 euros from 12.6 euros; rating buy
* Delhaize DELB.BR : Jefferies raises target price to 40 euros from 37 euros; underperform
* DNO DNO.OL : UBS starts with neutral; target price of Nok 20.50
* DO Deutsche Office AG PMOX.DE : Berenberg starts with buy; price target 3.85 euros
* easyJet EZJ.L : Barclays cuts to equal weight from overweight
* easyJet EZJ.L : Barclays cuts target price to 1330p from 1700p
* Euro Disney EDLP.PA : Natixis cuts target price to 4 euros from 4.3 euros; rating neutral
* Ferrexpo Plc FXPO.L : Citigroup cuts target price to 170p from 190p; rating buy
* Ferrexpo Plc FXPO.L : Deutsche Bank raises price target to 312p from 307p
* Fielmann AG FIEG.DE : DZ Bank raises to buy from hold
* Fincantieri FCT.MI : Deutsche Bank starts with hold; price target 0.74 euros
* Freenet AG FNTGn.DE : DZ Bank AG cuts target price to 23.00 euros from 26.00 euros; buy
* Global Telecom GLTDq.L : Barclays cuts target to $3.90 from $4.10; rating overweight
* Hannover Re HNRGn.DE : DZ Bank raises to buy from hold
* Hargreaves Lansdown Plc HRGV.L : Numis cuts target price to 1220p from 1263p
* Hargreaves Lansdown Plc HRGV.L : Numis raises to buy from hold rating
* Heidelberger Druckmaschinen HDDG.DE : ESN/Equinet Bank raises target to 3.40 euros; buy
* Hikma Pharmaceuticals HIK.L : Citigroup raises target to 2000p from 1850p; rating buy
* HKScan Oyj HKSAV.HE : ESN/Pohjola raises to accumulate from hold rating
* ING ING.AS : UBS raises target price to 12.50 euros from 12.40 euos; rating buy
* ING ING.AS : Deutsche Bank raises price target to 12 euros from 11.20 euros
* ING ING.AS : Morgan Stanley raises target to 12.60 euros from 11.40 euros; overweight
* Inmarsat ISA.L : Exane BNP Paribas cuts target to 650p from 660p; rating underperform
* Intercontinental Hotels IHG.L : Credit Suisse ups target to 1980p from 1900p;underperform
* International Personal Finance IPF.L : Berenberg cuts target to 525p from 565p; hold
* Interpump ITPG.MI : Citigroup raises target to 11.80 euros from 11 euros; rating buy
* Ithaca Energy IAE.L : Investec starts with buy rating; target price of 175p
* Kazakhmys Plc KAZ.L : Wood & Company raises target price to 220p from 188p; rating sell
* Kuka KU2G.DE : Morgan Stanley raises target 47 euros from 42 euros; rating equal-weight
* Kuka KU2G.DE : Deutsche Bank raises price target to 37 euros from 35 euros
* Lafarge SA LAFP.PA : Bryan Garnier cuts target to 74 euros from 81 euros; rating buy
* Lancashire Holdings LRE.L : Peel Hunt cuts to sell from hold; target to 583p from 643p
* Legal & General LGEN.L : Exane BNP Paribas ups target to 185 euros from 177 euros
* Lundin Petroleum LUPE.ST : UBS raises to buy from neutral
* Lundin Petroleum LUPE.ST : Credit Suisse cuts target to Sek 131 from Sek 137;underperform
* Lundin Petroleum LUPE.ST : Deutsche Bank cuts price target to Sek 130 from Sek 140
* Lundin Petroleum LUPE.ST : Danske Bank cuts target price to Sek 178 from Sek 185; buy
* Mersen SA CBLP.PA : Natixis ups to buy from neutral; cuts target to 23 euros from 25euros
* Metro AG MEOG.DE : Nomura cuts price target to 40.50 euros from 41.80 euros; rating buy
* Nemetschek NEKG.DE : Berenberg raises target to 71.50 euros from 66 euros; rating hold
* Nestle SA NESN.VX : S&P Capital IQ raises target price to Sfr 66 from Sfr 62; rating sell
* Osram Licht AG OSRn.DE : Barclays raises to overweight from underweight
* Osram Licht AG OSRn.DE : Barclays raises price target to 43 euros from 35 euros
* Phoenix Mecano AG PM.S : UBS cuts target price to Sfr 520 from Sfr 550; rating neutral
* PSI PSAGn.DE : DZ Bank cuts target price to 14.10 euros from 14.50 euros; rating buy
* RHI AG RHIV.VI : Deutsche Bank cuts price target to 22 euros from 24 euros
* Ringkjoebing Landbobank RILBA.CO : Danske Bank cuts target to Dkk 1375 from Dkk 1400; buy
* Rio Tinto Plc RIO.L : S&P Capital IQ cuts target price to 3600p from 4000p; rating hold
* SBM Offshore SBMO.AS : Barclays cuts target to 16.80 euros from 17.80 euros; overweight
* Securitas AB SECUb.ST : UBS cuts to sell from neutral
* Standard Chartered STAN.L : UBS raises target price to 1315p from 1300p; rating buy
* Standard Chartered STAN.L : Deutsche Bank raises target to 1190p from 1160p; rating hold
* Statoil ASA STL.OL : Swedbank cuts price target to Nok 175 from Nok 180; rating reduce
* Suess Microtec SMHNn.DE : ESN/Equinet Bank cuts to hold from buy rating
* Suess Microtec SMHNn.DE : ESN/Equinet Bank cuts target price to 8 euros from 9 euros
* Swiss Re SRENH.VX : JP Morgan cuts target price to Sfr 77 from Sfr 79; rating underweight
* Swiss Re SRENH.VX : Vontobel cuts target price to Sfr 90 from Sfr 92; rating buy
* Swiss Re SRENH.VX : S&P Capital IQ cuts target price to Sfr 85 from Sfr 92; rating buy
* Swiss Re SRENH.VX : Canaccord Genuity cuts target price to Sfr 80 from Sfr 84; rating buy
* Swiss Re SRENH.VX : Commerzbank cuts to add from buy; cuts target to Sfr 86 from Sfr 91
* Telecom Italia TLIT.MI : Barclays cuts target to 0.86 euro from 0.90 euro; equal-weight
* Telecom Italia TLIT.MI : ESN/Banca Akros cuts target to 1euros from 1.05euros; accumulate
* Telecom Italia TLITn.MI : Barclays cuts target to 0.69 euro from 0.72 euro; equal-weight
* Telit Communications Plc TELT.L : Morgan Stanley starts with overweight;price target 320p
* Titan Cement TTNr.AT : Euroxx cuts target to 27 euros from 29 euros; rating overweight
* Tom Tailor TTIGn.DE : Exane BNP Paribas ups target to 18 euros from 17 euros; outperform
* Turkcell TCELL.IS : Citigroup cuts to sell from neutral; target to Tl 10.31 from Tl 13.80
* UCB UCB.BR : Jefferies raises target price to 45 euros from 40 euros; rating underperform
* UniCredit CRDI.MI : Exane BNP Paribas raises to neutral from underperform rating
* UniCredit CRDI.MI : Exane BNP Paribas raises target price to 6 euros from 5.80 euros
* Victrex Plc VCTX.L : Berenberg starts with buy; price target 1950p
* Vinci SGEF.PA : Deutsche Bank cuts target price to 54.10 euros from 54.30 euros; hold
* Vivendi SA VIV.PA : Barclays raises target to 20.50 euros from 19.75 euros; equal weight
* Whitbread Plc WTB.L : Credit Suisse raises price target to 5000p from 4650p; outperform
* Xing AG OBCGn.DE : Berenberg raises to buy from hold
(Compiled by Rachel Chitra and Geetha Panchaksharam in Bangalore)
((rachel.chitra@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 67496149;
Reuters Messaging: rachel.chitra.reuters.com@reuters.net))
Keywords: RESEARCH EUROPE/