EUROPE RESEARCH ROUNDUP: Unilever, Heineken, Volkswagen
14/01/2013 19:03
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
* Heineken NV : Canaccord Genuity cuts to sell from hold
* 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
* Unilever NV : Canaccord Genuity cuts to hold from buy
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.
* A2A SpA : Goldman Sachs cuts to sell from neutral
* 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
* Aggreko PLC : UBS cuts price target to 2,250p From 2,350p
* Air Liquide SA : HSBC cuts price target to 112 euros from 113 euros
* Akzo Nobel NV : HSBC raises to neutral from underweight
* Akzo Nobel NV : HSBC raises price target to 52 euros from 45 euros
* 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
* Arkema SA : HSBC raises price target to 85 euros from 79 euros
* Associated British Foods : Nomura cuts to neutral from buy
* Associated British Foods : Nomura raises target price to 1687p from 1500p
* Ashmore Group PLC : JP Morgan raises price target to 361p from 359p
* Ashmore Group PLC : RBC raises price target to 415p from 400p; rating outperform
* Atos SA : Barclays raises target price to 60 euros from 52 euros
* AVEVA Group : Barclays raises target price to 2000p from 1700p
* AVEVA Group : Goldman Sachs raises target price to 3400p from 2800p
* AXA SA : Barclays cuts to underweight from equal weight
* AXA SA : Barclays cuts target price to 13.60 euros from 14 euros
* Banco Espirito Santo SA : SocGen raises target price to 1.30 euros from 1.10 euros
* BASF SE : HSBC raises target price to 76 euros from 71 euros
* Betfair Group PLC : Panmure cuts price target to 761p from 912p
* Bioquell PLC : Investec cuts target price to 130p from 137p
* Bizim Toptan : Renaissance Capital starts with buy rating; target price TL 35.10
* Burberry : Deutsche Bank raises price target to 1350p from 1275p; rating hold
* C&C Group : Berenberg raises to buy from hold
* C&C Group : Berenberg raises price target to 5.40 euros from 3.30 euros
* Cable & Wireless Communications : Deutsche Bank cuts target price to 55p from 62p
* CWC Group : Espirito Santo Investment Bank raises fair value to 50p from 45p
* Cap Gemini SA : Barclays raises to overweight from equal weight
* Cap Gemini SA : Barclays raises target price to 40 euros from 30 euros
* Cap Gemini SA : Goldman Sachs adds to Conviction Buy List
* Catlin Group : Barclays raises target price to 620p from 592p; rating overweight
* Cegid Group SA : Goldman Sachs cuts to neutral from buy
* Cegid Group SA : Goldman Sachs cuts target price to 19.5 euros from 24 euros
* Chariot Oil & Gas : Seymour Pierce cuts to sell from hold
* Charlemagne Capital Ltd : JP Morgan cuts price target to 5p from 7p
* Clariant AG : HSBC cuts to underweight from neutral
* Clariant AG : HSBC raises price target to Sfr 11.90 from Sfr 11.50
* 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
* CSR : Goldman Sachs reinstates with neutral rating; target price of 400p
* Credit Suisse : Mediobanca raises to outperform from neutral
* Croda International : HSBC raises target price to 2450p from 2350p
* Daily Mail and General Trust : JP Morgan raises price target to 642p From 557p
* Danone SA : Nomura raises target price to 59.60 euros from 53.20 euros
* Dassault Systemes SA : Barclays cuts to underweight from equal weight
* Dialog Semiconductor : Jefferies raises price target to 20 euros from 19 euros
* DSM : HSBC cuts to neutral from overweight
* DSM : HSBC raises price target to 49 euros from 47 euros
* Dunelm Group : UBS raises price target to 765p From 700p
* Enel Green Power : Goldman Sachs cuts to neutral from buy
* Enel Green Power : Goldman Sachs cuts price target to 1.84 euros from 1.85 euros
* Eurasian Natural Resources Corp : Credit Suisse raises to outperform from neutral
* Eurasian Natural Resources Corp : Credit Suisse raises target to 400p from 350p
* Electricite de France SA : SocGen starts with buy rating; target price 20 euros
* ENKA Insaat ve Sanayi AS : Goldman Sachs cuts to neutral from buy
* F&C Asset Management : JP Morgan raises price target to 136p from 113p
* Faurecia SA : UBS cuts target price to 10 euros from 11 euros
* Fiat SpA : UBS raises target price to 4 euros from 3.5 euros
* Finmeccanica SpA :UBS raises price target to 6 euros from 5 euros
* Flsmidth & Co A/S : JP Morgan cuts price target to Dkk 390 from Dkk 448
* Fresenius Medical Care : Berenberg raises to buy from hold
* Fresenius Medical Care : Berenberg cuts price target to 61 euros from 62 euros
* Fresenius Medical Care : HSBC cuts target price to 55 euros from 63 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
* Fuchs Petrolub : HSBC raises target price to 45 euros from 44 euros
* Givaudan SA : HSBC cuts to underweight from neutral
* G4S PLC : Credit Suisse raises to outperform from neutral
* G4S PLC : Credit Suisse raises target price to 330p from 275p
* 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
* Getinge AB : Berenberg cuts price target to Sek 230 from Sek 240
* Henderson Group : JP Morgan raises price target to 162p from 141p
* Hermes : Deutsche Bank raises price target to 194 euros from 177 euros
* Heineken NV : Canaccord Genuity cuts to sell from hold
* Heineken NV : Canaccor