Europe Research Roundup: Volvo, Royal Dutch Shell, Alcatel: Lucent
01/11/2013 15:36
Nov 1 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Air France and BNP Paribas, on Friday.
HIGHLIGHTS
* Alcatel Lucent ALUA.PA : S&P Capital IQ raises to hold from sell
* BNP Paribas BNPP.PA : RBC raises target to 60 euros from 57 euros; rating outperform
* Volvo VOLVb.ST : SocGen, Berenberg cut target price on stock
* Royal Dutch Shell RDSb.L : SocGen cuts to hold from rating buy
* Air France AIRF.PA : Credit Suisse cuts to underperform from neutral
* Telefonica TEF.MC : Citigroup cuts to sell from neutral
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* ABInbev ABI.BR : Barclays ups target to 80 euros from 77 euros; rating equal weight
* AFG Arbonia Forster AFGN.S : Vontobel raises price target to Sfr 37 from Sfr35; buy
* Air France AIRF.PA : Credit Suisse cuts to underperform from neutral
* Air France AIRF.PA : HSBC raises target to 9.5 euros from 8.75 euros; rating overweight
* Air France KLM AIRF.PA : SocGen raises target to 7.9 euros from 6.25 euros; hold
* Alcatel Lucent ALUA.PA : Credit Suisse raises target to 2.90 euros; rating neutral
* Alcatel Lucent ALUA.PA : JP Morgan raises target to 3.10 euros from 1.40 euros; neutral
* Alcatel Lucent ALUA.PA : S&P Capital IQ raises to hold from sell
* Alcatel Lucent ALUA.PA : SocGen ups to hold from sell; ups target to 3 euros from 0.65
* Allianz ALVG.DE : Credit Suisse raises target to 136 euros from 132 euros
* Anheuser-Busch InBev ABI.BR : Natixis raises target to 77 euros from 70 euros; neutral
* Anheuser-Busch InBev ABI.BR : SocGen raises target to 78 euros from 71 euros; hold
* Antofagasta ANTO.L : Canaccord Genuity cuts target to 1110p from 1120p; rating buy
* Antofagasta ANTO.L : JP Morgan cuts target to 900p from 975p; rating neutral
* Antofagasta ANTO.L : UBS cuts target to 965p from 980p; rating buy
* Arbonia Forster AFGN.S : Vontobel raises target to Sfr 37 from Sfr35; rating buy
* ASM International ASMI.AS : Natixis cuts target to 30 euros from 33 euros; rating buy
* Atresmedia A3M.MC : Natixis raises target to 5.5 euros from 4.2 euros; rating reduce
* BAE Systems BAES.L : JP Morgan cuts price target to 380p from 390p; rating underweight
* Berendsen BRSN.L : Cantor Fitzgerald raises target to 900p from 815p; rating hold
* Bizim BIZIM.IS : JP Morgan cuts target to Tl 23 from Tl 26; rating underweight
* BNP Paribas BNPP.PA : JP Morgan raises target to 54 euros from 53 euros; rating neutral
* BNP Paribas BNPP.PA : Natixis raises target to 63 euros from 62 euros; rating buy
* BNP Paribas BNPP.PA : RBC raises target to 60 euros from 57 euros; rating outperform
* Bossard Holding BOS.S : Vontobel raises target price to Sfr 170 from Sfr 150; hold
* Capita CPI.L : Liberum starts with sell; target price 880p
* Casino CASP.PA : HSBC raises target price to 96 euros from 88 euros; rating overweight
* Croda CRDA.L : JP Morgan cuts target to 2350p from 2450p; rating neutral
* Danske Bank DANSKE.CO : Nordea raises target to Dkk 155 from Dkk 140; rating buy
* Davide Campari Milano CPRI.MI : SocGen ups target to 5.60 euros from 5.20 euros; sell
* Deutsche Lufthansa LHAG.DE : Credit Suisse cuts target by 18 percent to 17.15 euros
* Enel OGK-5 OGKE.MM : HSBC cuts target to 1.58 roubles from 1.72 roubles; overweight
* Faroe Petroleum FPM.L : HSBC cuts target price to 195p from 200p; rating overweight
* Fielmann FIEG.DE : HSBC raises target price to 74 euros from 70 euros; underweight
* Ford Otomotiv Sanayi FROTO.IS : HSBC raises target price to Tl 31 from Tl 29; neutral
* GEA Group G1AG.DE : JP Morgan raises target to 33.50 euros from 29.50 euros; neutral
* Generali GASI.MI : Credit Suisse raises target to 16.50 euros from 15.65 euros
* Glencore Xstrata GLEN.L : JP Morgan cuts target to 370p from 380p; rating overweight
* Go-Ahead Group GOG.L : UBS cuts to sell from neutral; raises target to 1550p from 1500p
* Henderson HGGH.L : JP Morgan raises target to 225p from 198p; rating neutral
* Henderson HGGH.L : RBC raises price target to 225p from 185p; rating sector perfo
* Henderson Group HGGH.L : Citigroup raises target to 205p from 181p; rating neutral
* Henderson Group PLC HGGH.L : SocGen raises to hold from sell; target to 210p from 145p
* Huber und Suhner HUBN.S : UBS raises target to Sfr 44 from Sfr 40; rating sell
* Hugo Boss BOSSn.DE : Citigroup raises target to 107 euros from 101 euros; rating buy
* Indra Sistemas IDR.MC : SocGen cuts to sell; ups target to 11.3 euros from 10.3 euros
* ING ING.AS : Credit Suisse raises target to 10.60 euros from 9 euros
* Ingenico INGC.PA : HSBC raises target price to 65 euros from 63 euros; rating overweight
* Ipsen IPN.PA : Jefferies raises target price to 34 euros from 27 euros; rating hold
* Jeronimo Martins JMT.LS : JP Morgan cuts target to 16 euros from 18 euros; overweight
* Jeronimo Martins JMT.LS : Natixis cuts target to 14.50 euros from 16.50 euros; neutral
* Lundin Petroleum LUPE.ST : SocGen raises to rating buy from hold
* Moneysupermarket.Com MONY.L : UBS cuts target to 160P from 190P; rating neutral
* Novo Nordisk NOVOb.CO : Natixis cuts target to Dkk 1130 from Dkk 1180; rating buy
* Pandora PNDORA.CO : JP Morgan raises target to Dkk 300 from Dkk 267; rating overweight
* Pandora PNDORA.CO : Nordea Equity Research raises target to Dkk 300 from Dkk 275; buy
* Randstad Holding RAND.AS : ING raises target to 55.50 euros from 52.50 euros; buy
* Rexel RXL.PA : Morgan Stanley raises target to 22 from 21.70 euros; ratingoverweight
* Rexel RXL.PA : SocGen raises target to 19.5 euros from 18.5 euros; hold
* Richemont CFR.VX : Vontobel raises to buy; target price to Sfr 110 from Sfr 90
* Royal Dutch Shell RDSa.L : Natixis cuts target to 2250p from 2350p; rating neutral
* Royal Dutch Shell RDSb.L : SocGen cuts to hold from rating buy
* Sanofi SASY.PA : JP Morgan cuts target to 85 euros from 88 euros; rating overweight
* Sanofi SASY.PA : UBS cuts target price to 86 euros from 89 euros; rating buy
* Smith & Nephew SN.L : JP Morgan raises target to 791p from 740p; rating neutral
* Storebrand STB.OL : Berenberg raises target to Nok 46 from Nok 40.50; rating buy
* Straumann Holding STMN.S : Credit Suisse raises target to Sfr 210 from 187; outperform
* Straumann Holding STMN.S : HSBC raises target price to Sfr 178 from Sfr 170; neutral
* Technip TECF.PA : Citigroup cuts target to 108 euros from 115 euros; rating buy
* Technip TECF.PA : Morgan Stanley cuts target to 103 from 110 euros; rating overweight
* Technip TECF.PA : Natixis cuts target to 94 euros from 99 euros; rating buy
* Technip TECF.PA : UBS cuts target to 95 euros from 100 euros; rating buy
* Telefonica TEF.MC : Citigroup cuts to sell from neutral
* Telefonica TEF.MC : Citigroup ups target to 10.50 euros from 10 euros
* Tenaris TENR.MI : Macquarie starts with neutral rating
* The Swatch Group UHR.VX : Vontobel raises target price to Sfr 680 from Sfr 630; buy
* TMK TRMKq.L : JP Morgan cuts target to $16 from $19; rating overweight
* TNT TNTE.AS : Cantor Fitzgerald ups target to 8.30 euros from 7.50 euros; rating buy
* Total TOTF.PA : Natixis raises target to 49.4 euros from 47.6 euros; rating buy
* Vallourec VLLP.PA : Macquarie starts with outperform rating
* Vestas Wind Systems VWS.CO : SocGen starts with buy rating; target price Dkk 175
* Volkswagen VOWG_p.DE : JP Morgan raises target to 220 euros from 214 euros; overweight
* Volvo VOLVb.ST : Berenberg cuts target to Sek 102 from Sek 124; rating buy
* Volvo VOLVb.ST : SocGen cuts target to Sek 110 from Sek 120; rating buy
* Wacker Chemie WCHG.DE : Citigroup cuts to sell; rating target to 60 euros from 75 euros
* Zurich Insurance ZURN.VX : Credit Suisse cuts target to Sfr271 from Sfr 273
(Compiled by Rachel Chitra and Aby Jose Koilparambil in Bangalore)
((AbyJose.Koilparambil@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80
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Keywords: RESEARCH EUROPE/