EUROPE RESEARCH ROUNDUP: Volkswagen, BMW, Eni, Sainsbury
04/02/2014 16:26
Feb 4 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Sainsbury, and Eni, on Tuesday.
HIGHLIGHTS
* BMW BMWG.DE : HSBC raises to overweight from neutral ID:nWNAB04488
* Eni ENI.MI , Repsol REP.MC : JP Morgan cuts to underweight ID:nWNAB0447R
* Sainsbury SBRY.L : Bernstein raises to outperform from market-perform rating
* Bankia BKIA.MC : Natixis raises to neutral from reduce rating
* Sky Deutschland AG SKYDn.DE : Berenberg raises to buy from hold
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Acerinox ACX.MC : SocGen raises target price to 10 euros from 9.5 euros; rating hold
* adidas ADSGn.DE : Susquehanna cuts target to 100 euros from 105 euros; rating positive
* Airbus Group AIR.PA : RBC cuts target price to 65 euros from 68 euros; rating outperform
* Air France AIRF.PA : Credit Suisse ups target to 8.10 euros from 7.05 euros;underperform
* AK Alrosa ALRS.MM : UBS raises target price to 44.40 roubles from 42 roubles; rating buy
* Alten SA LTEN.PA : SocGen cuts target price to 38 euros from 40 euros; rating buy
* Alumasc ALUG.L : Finncap raises target price to 167p from 142p; rating buy
* Aperam APAM.AS : SocGen raises target price to 17 euros from 15.5 euros; rating buy
* Arcelormittal SA ISPA.AS : Jefferies raises price target to 15 euros; rating buy
* Aurubis NAFG.DE : SocGen cuts to hold from buy; target to 44 euros from 51 euros
* Aviva AV.L : Exane BNP Paribas raises target price to 423p from 403p; rating neutral
* Barratt Developments BDEV.L : Barclays ups target to 471.2p from 444.7p; overweight
* Bankia BKIA.MC : Natixis raises to neutral from reduce rating
* Basf BASFn.DE : DZ Bank raises fair value to 87 euros from 81 euros; rating buy
* BBA Aviation Plc BBA.L : Morgan Stanley raises to overweight from equal weight
* BBA Aviation Plc BBA.L : Morgan Stanley raises target price to 365p from 315p
* Berkeley Group Holdings BKGH.L : Barclays cuts to underweight from equal-weight
* Berkeley Group Holdings BKGH.L : Barclays raises target price to 2561.5p from 2454.7p
* Bellway BWY.L : Barclays raises target price to 1552.6p from 1498.1p; rating underweight
* Bizim Toptan BIZIM.IS : HSBC cuts target to Tl 23.30 from Tl 28.60; rating overweight
* BMW BMWG.DE : HSBC raises to overweight from neutral; target to 102 euros from 79 euros
* Bovis Homes BVS.L : Barclays raises target to 807.3p from 778.1p; rating underweight
* Cello Group CLL.L : N+1 Singer raises target price to 123p; rating buy
* Daimler DAIGn.DE : HSBC raises target price to 76 euros from 75 euros; rating overweight
* Daimler DAIGn.DE : Natixis raises target price to 72 euros from 68 euros; rating buy
* Deutsche DBKGn.DE : Goldman Sachs cuts target to 35.70 euros from 36.50 euros; sell
* Deutsche Lufthansa LHAG.DE : Credit Suisse raises target to 21.35 euros; outperform
* Diageo DGE.L : SocGen cuts target price to 1850p from 2000p; rating hold
* Eni ENI.MI : JP Morgan cuts to underweight from overweight
* Electrolux ELUXb.ST : Barclays cuts target to Sek 150 from Sek 180; rating equal weight
* Galp Energia GALP.LS : JP Morgan cuts to neutral from overweight
* Galliford Try GFRD.L : Barclays raises target to 1207.7p from 1200.1p; equal weight
* Garanti GARAN.IS : JP Morgan cuts to underweight from neutral
* Garanti GARAN.IS : JP Morgan price target to Tl 6.50 from Tl 9.90
* Gurit Holding GUR.S : UBS cuts to sell from neutral
* Hennes & Mauritz HMb.ST : Credit Suisse ups target to Sek 330 from Sek 315; outperform
* IAG ICAG.L : Credit Suisse raises price target to 546p from 443p; rating outperform
* Innate Pharma IPH.PA : Goldman Sachs starts with buy; target price of 18 euros
* Innate Pharma IPH.PA : Goldman Sachs adds to conviction buy list
* Julius Baer BAER.VX : UBS cuts target price to Sfr 41 from Sfr 42; rating neutral
* Julius Baer BAER.VX : Credit Suisse cuts target to Sfr 48 from Sfr 50; rating outperform
* Julius Baer BAER.VX : Berenberg cuts target price to Sfr 37 from Sfr 39; rating sell
* Julius Baer BAER.VX : Helvea Baader Bank raises target to Sfr 44 from Sfr 43; hold
* Julius Baer BAER.VX : Deutsche Bank cuts target price to Sfr 43 from Sfr 45; rating hold
* Julius Baer BAER.VX : Natixis cuts target price to Sfr 41 from Sfr 44; rating neutral
* Kirkland Lake Gold KGIq.L : Investec cuts target price to 200p from 353p; rating buy
* Kofax KFX.L : Canaccord Genuity raises target price to 590p from 425p;rating buy
* Kloeckner & Co Se KCOGn.DE : Jefferies raises price target to 11 euros; rating hold
* Klepierre LOIM.PA : Natixis cuts target to 33.5 euros from 34 euros; rating neutral
* Lanxess AG LXSG.DE : Berenberg raises to buy from hold; target to 61 euros from 52 euros
* Legrand LEGD.PA : Berenberg ups to hold from sell; cuts target to 38.30 euros from 38.60
* Low & Bonar LWB.L : Numis cuts to add from buy
* Low & Bonar LWB.L : N+1 Singer raises price target to 96p from 78p; rating buy
* Nestle NESN.VX : Citigroup raises target price to Sfr 74 from Sfr 72; rating buy
* Nostrum Oil & Gas NOGNq.L : First Energy Capital cuts target to $14 from $16; outperform
* OC Oerlikon OERL.S : UBS raises target price to Sfr 16 from Sfr 14.50; rating buy
* Osram Licht OSRn.DE : Canaccord Genuity starts with buy rating; target 58 euros
* Pernod Ricard PERP.PA : JP Morgan cuts target to 78 euros from 82 euros; rating neutral
* Pennon Group PNN.L : Exane BNP Paribas raises to outperform from neutral
* Pennon Group PNN.L : Exane BNP Paribas raises target price to 790p from 720p
* Peugeot PEUP.PA : HSBC raises target price to 14 euros from 10 euros; rating overweight
* Porsche Automobil Holding PSHG_p.DE : Berenberg starts with buy; price target 100 euros
* Pearson PSON.L : Deutsche Bank cuts target price to 960p from 1000p; rating sell
* Persimmon PSN.L : Barclays raises target to 1333.6p from 1260.4p;rating equal weight
* Premier Oil PMO.L : Canaccord Genuity cuts target price to 425p from 450p; rating buy
* Premier Farnell PFL.L : Cantor cuts target price to 250p from 275p; rating buy
* Quindell QPP.L : Canaccord Genuity raises target price to 75p from 45p; rating buy
* Redrow RDW.L : Barclays raises target price to 383.40p from 356p; rating overweight
* Renault RENA.PA : HSBC raises target price to 68 euros from 57 euros; rating neutral
* Renishaw RSW.L : Investec raises to hold from sell; target price to 1940p from 1795p
* Repsol REP.MC : JP Morgan cuts to underweight from neutral
* Rosneft ROSNq.L : JP Morgan rises to overweight from neutral
* Roche ROG.VX : UBS raises target price to Sfr 285 from Sfr 280; rating buy
* Roche ROG.VX : Barclays raises target price to Sfr 272 from Sfr 256; rating overweight
* RTL Group AUDKT.BR : Commerzbank raises target to 96 euros from 93 euros; rating add
* Ruukki RTRKS.HE : UBS raises to neutral from sell; target price to 9 euros from 4 euros
* Ryanair RYA.I : UBS raises target to 6.75 euros from 6.15 euros; rating neutral
* Ryanair RYA.I : Credit Suisse ups target to 8.05euros from 6.90 euros;outperform
* Ryanair RYA.I : Investec raises target price to 7.20 euros from 6.20 euros; rating buy
* Sandvik SAND.ST : JP Morgan cuts price target to Sek 77 from Sek 78; rating underweight
* Sainsbury SBRY.L : Bernstein raises to outperform from market-perform rating
* Salzgitter SZGG.DE : SocGen raises target price to 35 euros from 31.9 euros; rating hold
* Serco Group SRP.L : Cantor Fitzgerald cuts target price to 365p from 460p; rating sell
* SSE Plc SSE.L : UBS cuts target price to 1,475p from 1,560p; rating buy
* Sky Deutschland AG SKYDn.DE : Berenberg raises to buy from hold
* Smith & Nephew SN.L : Numis raises price target to 1000p from 960p; rating add
* SSAB AB SSABa.ST : Jefferies raises price target to Sek 50; rating hold
* St. Modwen Properties SMP.L : Numis raises target price to 441p from 401p; rating add
* Tate & Lyle TATE.L : Numis raises to add from hold rating
* Taylor Wimpey TW.L : Barclays raises target to 156.50p from 146.8p; rating overweight
* Tesco Plc TSCO.L : Macquarie cuts target price to 370p from 390p; rating outperform
* Thyssenkrupp TKAG.DE : UBS cuts target price to 12 euros from 15 euros; rating sell
* ThyssenKrupp TKAG.DE : SocGen raises target to 21.5 euros from 21 euros; rating hold
* Tod's TOD.MI : Credit Suisse cuts target to 125 euros from 140 euros; rating outperform
* Turkish Airlines THYAO.IS : Erste Group raises to buy from accumulate
* Turkish Airlines THYAO.IS : Erste Group raises target price to Tl 9.10 from Tl 9
* UBM Plc UBM.L : Nomura cuts target price to 720p from 740p; rating neutral
* UBS UBSN.VX : Goldman Sachs raises target price to Sfr 21.10 from Sfr 20.70; rating buy
* UDG Healthcare UDG.L : Jefferies raises target price to 385p from 340p; rating buy
* Victrex Plc VCTX.L : Numis cuts to hold from add
* Voestalpine AG VOES.VI : Jefferies cuts price target to 37 euros; rating hold
* Voestalpine AG VOES.VI : Macquarie cuts target to 36 euros from 39 euros; outperform
* Volkswagen VOWG_p.DE : HSBC cuts to neutral from overweight
* Wacker Chemie WCHG.DE : Commerzbank raises target to 97 euros from 80 euros; rating buy
* Walker Greenbank WGB.L : WH Ireland raises target price to 195p from 185p; rating buy
* Walker Greenbank WGB.L : Cantor Fitzgerald raises target to 155p from 145p; rating hold
* Walker Greenbank WGB.L : N+1 singer raises target by 5.8 pct to 180p; rating buy
* WPP WPP.L : JP Morgan cuts price target to 1,583p from 1,617p; rating overweight
(Compiled by Saqib Iqbal Ahmed and Fareha Khan in Bangalore)
((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749
1130)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/