EUROPE RESEARCH ROUNDUP: Rio Tinto, Prudential, Volkswagen
14/01/2013 12:30
Jan 14 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Nokia and Volkswagen, on Monday.
HIGHLIGHTS
* AXA SA : Barclays cuts to underweight from equal weight
* Prudential : Barclays raises target price to 1038p from 975p; rating overweight
* Rio Tinto : Barclays raises target price to 4000p from 3430p
* Vienna Insurance Group : Barclays cuts to equal weight from overweight
* Volkswagen AG : SocGen raises target price to 215 euros from 190 euros
* Randgold Resources Ltd : Barclays cuts target price to 6500p from 8755p
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Aberdeen Asset Management : RBC raises price target to 400p from 365p
* Aberdeen Asset Management : JP Morgan raises price target to 479p From 414p
* Admiral Group : Barclays raises target price to 1266p from 1209p
* Akzo Nobel NV : HSBC raises to neutral from underweight
* Akzo Nobel NV : HSBC raises price target to 52 euros from 45 euros
* Aggreko PLC : UBS cuts price target to 2,250p From 2,350p
* Allianz SE : Barclays raises target price to 121 euros from 111 euros
* Andritz AG : JP Morgan cuts to neutral from overweight
* Antofagasta PLC : Liberum Capital raises to hold from sell
* Ashmore Group PLC: JP Morgan raises price target to 361p from 359p
* Atos SA : Barclays raises target price to 60 euros from 52 euros
* AVEVA Group : Barclays raises target price to 2000p from 1700p
* AXA SA : Barclays cuts to underweight from equal weight
* AXA SA : Barclays cuts target price to 13.60 euros from 14 euros
* Bizim Toptan : Renaissance Capital starts with buy rating; target price TL 35.10
* C&C Group : Berenberg raises to buy from hold
* C&C Group : Berenberg raises price target to 5.40 euros from 3.30 euros
* Cap Gemini SA : Barclays raises to overweight from equal weight
* Cap Gemini SA : Barclays raises target price to 40 euros from 30 euros
* Catlin Group : Barclays raises target price to 620p from 592p; rating overweight
* CNP Assurances SA : Barclays cuts to equal weight from overweight
* CNP Assurances SA : Barclays raises target price to 12.60 euros from 11.70 euros
* Daily Mail and General Trust : JP Morgan raises price target to 642p From 557p
* Dassault Systemes SA : Barclays cuts to underweight from equal weight
* Dialog Semiconductor : Jefferies raises price target to 20 euros from 19 euros
* Dunelm Group : UBS raises price target to 765p From 700p
* F&C Asset Management : JP Morgan raises price target to 136p from 113p
* Finmeccanica SpA :UBS raises price target to 6 euros from 5 euros
* Fresenius Medical Care : Berenberg raises to buy from hold
* Fresenius Medical Care : Berenberg cuts price target to 61 euros from 62 euros
* Fresenius SE & Co KGaA : HSBC raises to overweight from neutral
* Fresenius SE & Co KGaA : HSBC cuts price target to 100 euros from 105 euros
* Generali : Barclays raises target price to 12.60 euros from 11.40 euros
* Groupe Steria SCA : Barclays raises target price to 20 euros from 14 euros
* Getinge AB : UBS cuts to neutral from buy; price target to Sek 200 from Sek 236
* Henderson Group : JP Morgan raises price target to 162p from 141p
* Hiscox Ltd : Barclays raises to overweight from equal weight
* Hiscox Ltd : Barclays raises target price to 504p from 491p
* Infineon Technologies : Barclays raises target price to 7.50 euros from 7 euros
* IQE PLC : Liberum Capital raises target price to 45p from 35p
* Jupiter Fund Management : RBC raises price target to 310p from 270p
* Kazakhmys : Barclays cuts to undwerweight from equal weight
* Lancashire Holdings Ltd : Barclays cuts target price to 878p from 927p
* Man SE :SocGen raises target price to 85 euros from 75 euros
* Mediolanum SpA : Barclays raises target price to 3.50 euros from 3.13 euros
* Micro Focus International : Barclays raises target price to 700p from 650p
* Munich Re Group AG : Barclays raises to overweight from equal weight
* Nokia : Barclays cuts to underweight from equal weight
* Moneysupermarket Com : Investec raises target price to 170p from 140p
* Munich Re Group AG : Barclays raises target price to 157 euros from 142 euros
* Old Mutual : Barclays raises target price to 183p from 178p
* Pace PLC : Barclays Raises Target Price To 195p From 180p
* Phoenix Group Holdings : Barclays cuts target price to 523p from 555p
* Polar Capital Holdings : Canaccord Genuity raises target price to 270p from 235p
* Porsche: SocGen raises target price to 70 euros m 58 euros
* Prudential : Barclays raises target price to 1038p from 975p; rating overweight
* Prosiebensat 1 Media : Berenberg raises target to 23.60 euros from 20 euros
* PZU SA : Barclays raises target price to Pln 393 from Pln 350; rating underweight
* Randgold Resources Ltd : Barclays cuts target price to 6500p from 8755p
* Rio Tinto : Barclays raises target price to 4000p from 3430p
* SAP : Jefferies raises price target to 62 euros from 55 euros
* Scania AB : SocGen raises to hold from sell
* St. James's Place : Barclays raises target price to 413p from 340p
* Standard Life : Barclays raises target price to 316p from 215p
* STMicroelectronics NV : Barclays raises target price to 5.40 euros from 5 euros
* Svenska Cellulosa : Morgan Stanley starts with overweight rating
* Svenska Cellulosa : Morgan Stanley starts with target price of Sek 170
* Talanx AG : Barclays raises target price to 24.66 euros from 22.39 euros
* Telekomunikacja Polska : Barclays starts with underweight rating
* Telekomunikacja Polska : Barclays starts with target price of Pln 11.20
* Temenos Group AG : Barclays raises target price to Sfr 20 from Sfr 17.50
* The Sage Group : Barclays cuts to underweight from equal weight
* Topdanmark A/S : Barclays cuts to underweight from equal weight
* Tryg A/S : Barclays raises target price to Dkk 382 from Dkk 345
* Vienna Insurance Group : Barclays cuts to equal weight from overweight
* Volkswagen AG : SocGen raises target price to 215 euros from 190 euros
* Wirecard AG : Barclays raises target price to 21 euros from 19.50 euros
* WM Morrison Supermarkets : UBS cuts price target to 250p From 270p
* Zurich Insurance Group AG : Barclays raises target price to SFR 260 from SFR 249
SECTOR CHANGES
* European Mining: Barclays cuts sector rating to neutral from positive
((Compiled by Vrinda Manocha; Vrinda.Manocha@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 4135 5800; Reuters Messaging:
vrinda.manocha.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/