Europe Research Roundup: Volvo, BHP Billiton, Reckitt Benckiser, Heineken
16/04/2014 16:30
April 16 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Enel, Suez Environnement and SKF, on Wednesday.
HIGHLIGHTS
* Volvo AB VOLVb.ST : Deutsche Bank raises to hold from sell; target to Sek 90 from Sek 70
* Enel ENEI.MI : SocGen cuts to hold from buy
* DNB DNB.OL : Exane BNP Paribas raises to neutral from underperform rating
* ProSiebenSat 1 Media PSMGn.DE : Citigroup raises to neutral from sell
* Suez Environnement SEVI.PA : Exane BNP Paribas raises to outperform from neutral
* SKF SKFb.ST : SocGen, JP Morgan, Deutsche Bank cut price target
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Alrosa ALRS.MM : UBS raises target price to roubles 42.20 from roubles 41.20; rating buy
* Banca Popolare Di Milano PMII.MI : Citigroup cuts to sell from neutral
* BIC BICP.PA : UBS raises target price to 98 euros from 95 euros; rating neutral
* Bizim Toptan BIZIM.IS : Renaissance Capital cuts to hold from buy
* Capita Plc CPI.L : JP Morgan raises price target to 1279p from 1261p; rating overweight
* Casino Guichard CASP.PA : Nomura raises target to 76.10 euros from 70.40 euros; reduce
* Catlin CGL.L : Credit Suisse raises to neutral rating
* Credit Agricole SA CAGR.PA : ESN/CM - CIC Securities raises to buy from accumulate
* Debenhams DEB.L : N+1 Singer raises target price to 85p from 78p; rating hold
* Debenhams DEB.L : Deutsche Bank cuts price target by 5 pct to 76p; rating hold
* Dialight DIAL.L : Investec cuts to hold from buy; raises price target to 910p from 885p
* DNB DNB.OL : Exane BNP Paribas raises to neutral from underperform rating
* Edenred EDEN.PA : Nomura cuts price target to 18.90 euros from 19.80 euros; rating reduce
* Elisa ELI1V.HE : ESN/Pohjola raises to hold from reduce
* Endesa SA ELE.MC : Morgan Stanley ups target to 24.60 euros from 23.40 euros; equalweight
* Enel ENEI.MI : SocGen cuts to hold from buy rating
* Enel ENEI.MI : JP Morgan raises target to 4.45 euros from 4.30 euros; rating overweight
* ENEL ENEI.MI : Morgan Stanley raises target to 4.20 euros from 3.85 euros; overweight
* Enteq Upstream Plc NTQ.L : Investec cuts price target to 67p from 88p; rating buy
* Ericsson ERICb.ST : Credit Suisse raises target price to Sek 100 from Sek 94; outperform
* Essilor ESSI.PA : UBS cuts target price to 89 euros from 90 euros; raing buy
* Etalon ETLNGq.L : Credit Suisse cuts target price to $6 from $7.40; rating outperform
* Eurazeo EURA.PA : UBS raises target price to 74 euros from 69 euros; rating buy
* Eutelsat ETL.PA : UBS raises target price to 27.5 euros from 26.4 euros; rating buy
* FFP FFPP.PA : UBS raises target price to 46.5 euros from 45 euros; rating neutral
* FIAT FIA.MI : Deutsche Bank raises price target to 7 euros from 3 euros; rating sell
* GBL GBLB.BR : UBS raises target price to 83 euros from 78 euros; rating buy
* GEA Group G1AG.DE : ESN/Equinet Bank cuts to hold from accumulate rating
* Gemfields Plc GEM.L : Finncap raises price target to 46p from 44p; rating buy
* Genmab GEN.CO : Goldman Sachs raises to neutral rating
* Genmab GEN.CO : Goldman Sachs removes from pan-Europe sell list
* Huegli HUE.S : Vontobel raises price target to Sfr 660 from Sfr 550; rating hold
* Iliad ILD.PA : Barclays cuts target price to 220 euros from 224 euros; rating overweight
* Imerys IMTP.PA : UBS raises target price to 71 euros from 70 euros; rating buy
* Imperial Tobacco IMT.L : Panmure raises target price to 2500p from 2300p; rating hold
* Ipsos ISOS.PA : UBS cuts target price to 33.6 euros from 34.5 euros; rating buy
* Jungheinrich AG JUNG_p.DE : Commerzbank raises target to 62 euros from 60 euros; buy
* KCell KCELq.L : Barclays cuts target price to $13 from $16; rating equalweight
* Lamprell Plc LAM.L : JP Morgan cuts price target to 165p from 175p; rating overweight
* Lanxess AG LXSG.DE : DZ Bank raises fair value to 55 euros from 50 euros; rating hold
* Maurel ET Prom SA MAUP.PA : Natixis raises target to 17.2 euros from 16.8 euros; buy
* MegaFon MFONq.L : Barclays cuts target price to $32 from $33.50; rating equalweight
* Mercialys MERY.PA : Natixis raises price target to 19.5 euros from 19 euros; rating buy
* Michael Page International PLC MPI.L : JP Morgan cuts target to 473p from 475p; neutral
* Millicom MICsdb.ST : Barclays raises target to Sek 630 from Sek 620; rating equalweight
* Morphosys AG MORG.DE : Deutsche Bank raises price target to 81 euros from 64 euros; buy
* Mostotrest MSTT.MM : JP Morgan cuts target to 125 rand from 215 rand; rating overweight
* Pargesa PARG.S : UBS raises target price to Sfr 90 from Sfr 84; rating buy
* Pennon Group Plc PNN.L : Deutsche Bank cuts target price to 830p from 880p; rating buy
* ProSiebenSat 1 Media PSMGn.DE : Citigroup raises to neutral from sell
* Remy Cointreau RCOP.PA : SocGen cuts to sell from hold rating
* Rio Tinto RIO.L : Citigroup cuts target price to 3850p from 3950p; rating buy
* Roche ROG.VX : Barclays cuts target price to Sfr 303 from Sfr 305; rating overweight
* Roche ROG.VX : Natixis raises price target to Sfr 270 from Sfr 255; rating neutral
* Royal Mail RMG.L : Credit Suisse cuts target price to 460p from 530p; rating underperform
* SABMiller SAB.L : Barclays cuts target price to 3250p from 3300p; rating equal weight
* Sberbank Preference SBER_p.MM : UBS cuts target to roubles 91 from roubles 119; buy
* SEB SA SEBF.PA : UBS raises target price to 63 euros from 61 euros; rating neutral
* SHB SHBa.ST : Citigroup raises target to Sek 320 from Sek 280; rating neutral
* Sika SIK.VX : Vontobel raises price target to Sfr 3700 from Sfr 3300; rating hold
* Sinclair IS Pharma SPH.L : Investec cuts to hold from buy rating
* SKF SKFb.ST : SocGen cuts price target to Sek 200 from Sek 220; rating buy
* SKF SKFb.ST : JP Morgan cuts price target to Sek 162 from Sek 176; rating neutral
* SKF SKFb.ST : Deutsche Bank cuts price target to Sek 195 from Sek 205; rating buy
* SKF SKFb.ST : Credit Suisse cuts target price to Sek 145 from Sek 155; underperform
* Solvay SOLB.BR : SocGen starts with buy rating; target price 130 euros
* Snam SRG.MI : Morgan Stanley raises target to 4.05 euros from 3.87 euros; equalweight
* Suez Environnement SEVI.PA : Exane BNP Paribas raises to outperform from neutral
* Swisscom SCMN.VX : Barclays raises target to Sfr 560 from Sfr 520; rating overweight
* Symrise AG SY1G.DE : Nomura raises price target to 38 euros from 36 euros; rating neutral
* Turk Telekom TTKOM.IS : Barclays raises target to Tl 7.40 from Tl 7.20; rating overweight
* Telecom Italia TLIT.MI : Barclays ups target to 0.90 euro from 0.87 euro; equalweight
* Telecom Italia-Rsp TLITn.MI : Barclays ups target to 0.72 euro from 0.69 euro
* Tertiary Minerals TYM.L : Cantor raises target price to 18p from 16p; rating buy
* Turk Telekom TTKOM.IS : Credit Suisse cuts target price to Tl 6.92 from Tl 8.06; neutral
* United Utilities Group Plc UU.L : Deutsche Bank cuts target price to 900p from 1000p; buy
* Veolia Environnement VIE.PA : Exane BNP Paribas ups to neutral from underperform rating
* Victrex VCTX.L : UBS raises target price to 1850p from 1650p; raing neutral
* Vinci SA SGEF.PA : Natixis raises price target to 58 euros from 56 euros; rating buy
* Volvo AB VOLVb.ST : Deutsche Bank raises to hold from sell; target to Sek 90 from Sek 70
* Wereldhave WEHA.AS : Natixis cuts to neutral from buy
* Wereldhave WEHA.AS : Natixis raises price target to 65 euros from 64 euros
* XAAR XAR.L : Numis raises to buy from add rating
* XAAR XAR.L : Investec raises to buy from add
(Compiled by Fareha Khan and Mohan Anand in Bangalore)
((fareha.khan@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749
1130)(Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/