EUROPE RESEARCH ROUNDUP: EDF, Lloyds, Deutsche Bank, Elekta
06/06/2013 10:49
June 6 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Lloyds Banking and AP Moeller Maersk, on Thursday.
HIGHLIGHTS
* EDF EDF.PA : HSBC raises to overweight from neutral
* Lloyds Banking Group LLOY.L : SocGen raises target price to 74p from 64p; rating buy
* Danone DANO.PA : Exane BNP Paribas raises to outperform from neutral
* Deutsche Bank AG DBKGn.DE : Natixis raises price target to 44 euros from 40 euros
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Alfa Laval AB ALFA.ST : Bernstein cuts target price to Sek 123 from Sek 134
* Alliance Pharma ALAPH.L : Numis raises target price to 45p from 42p
* Amerisur Resources AMER.L : RBC raises target price to 100p from 90p; rating top pick
* AP Moeller Maersk MAERSKb.CO : Jefferies starts with underperform; target of Dkk 30,000
* Assa Abloy AB ASSAb.ST : Bernstein cuts target price to Sek 227 from Sek 237
* Atlas Copco AB ATCOa.ST : Bernstein cuts target price to Sek 157 from Sek 172
* Blackrock World Mining Trust Plc BRWM.L : Panmure starts with hold rating
* Bollore SA BOLL.PA : Natixis raises target price to 326 euros from 283 euros
* BT Group BT.L : Liberum raises target price to 345p from 315p; rating buy
* Club Mediterranee SA CMIP.PA : JP Morgan raises target price to 17 euros
* Danone DANO.PA : Exane BNP Paribas raises to outperform from neutral
* Danone DANO.PA : Exane BNP Paribas raises target price by 26 percent to 72 euros
* Danone SA DANO.PA : Citigroup raises target price to 67 euros from 63 euros
* Daily Mail And General Trust DMGOa.L : Numis raises price target to 1007p from 910p
* Deutsche Bank AG DBKGn.DE : Natixis raises price target to 44 euros from 40 euros
* EDF EDF.PA : HSBC raises to overweight from neutral
* EDF EDF.PA : HSBC raises target price to 21 euros from 17 euros
* EDF EDF.PA : Natixis raises to buy from neutral
* EDF EDF.PA : Natixis raises target price to 23.5 euros from 16.2 euros
* EFG International EFGN.S : Goldman Sachs raises price target to Sfr 13.9 from Sfr 12.3
* Elekta AB EKTAb.ST : SocGen cuts target price to Sek 123 from Sek 130; rating buy
* Elekta AB EKTAb.ST : JP Morgan cuts to neutral from overweight
* Elekta AB EKTAb.ST : Goldman Sachs cuts price target to Sek 128 from Sek 132
* Fiat SPA FIA.MI : MORGAN STANLEY raises price target to 5 euros from 3.20 euros
* European Islamic Investment Bank EIIB.L : Westhouse Securities starts with buy rating
* G4S PLC GFS.L : UBS cuts price target to 240p from 280p; rating neutral
* Go-Ahead Group Plc GOG.L : Morgan Stanley raises target price to 1475p from 1355p
* ING Groep ING.AS : Jefferies starts with buy rating; price target of 10 euros
* Intermediate Capital Group ICP.L : Numis raises to add from hold
* Intermediate Capital Group ICP.L : Numis raises target price to 500p from 478p
* Invensys ISYS.L : Morgan Stanley raises target price to 440p from 390p; rating overweight
* Invensys ISYS.L : Citigroup raises target price to 400p from 355p; rating neutral
* Johnson Matthey JMAT.L : JP Morgan raises target price to 2600p from 2150p
* Johnson Matthey JMAT.L : Numis cuts to hold from add
* Johnson Matthey JMAT.L : BofA Merrill raises to buy from neutral
* Johnson Matthey JMAT.L : BofA Merrill raises price objective to 2950p from 2400p
* Kingfisher Plc KGF.L : Numis cuts to hold from add
* Linde AG LING.DE : Morgan Stanley raises target price to 155 euros from 150 euros
* Lloyds Banking Group LLOY.L : SocGen raises target price to 74p from 64p; rating buy
* Moneysupermarket.com Group PLC MONY.L : Westhouse Securities cuts to neutral from add
* Optos PLC OPTS.L : Investec raises to reduce from sell
* Optos PLC OPTS.L : Investec cuts target price to 124p from 157p
* Philips Electronics PHG.AS : Barclays raises to overweight from equal weight
* Philips Electronics PHG.AS : Barclays raises target price to 30 euros from 20.75 euros
* Pirelli & C SPA PECI.MI : ESN/BANCA Akros cuts to reduce from hold
* Publicis Groupe SA PUBP.PA : JP Morgan raises target price to 65.70 euros
* Remy Cointreau RCOP.PA : Berenberg cuts target to 90 euros from 92 euros; rating hold
* Restaurant Group RTN.L : Jefferies raises target price to 575p from 500p; rating buy
* RPC Group Plc RPC.L : JP Morgan raises target price to 496p from 491p
* RSA Insurance Group Plc RSA.L : Morgan Stanley raises to overweight from underweight
* RSA Insurance Group Plc RSA.L : Morgan Stanley raises price target to 136p from 124p
* Sandvik AB SAND.ST : Bernstein cuts target price to Sek 102 from Sek 118
* Scor SE SCOR.PA : Credit Suisse raises price target to 23.30 euros from 22 euros
* Scor SE SCOR.PA : Citigroup raises target price to 26.70 euros from 25.70 euros
* Software AG SOWG.DE : Berenberg cuts to sell from hold
* Software AG SOWG.DE : Berenberg cuts target price to 21 euros from 24 euros
* Synergy Health Plc SYR.L : Canaccord Genuity raises target price to 902p from 893p
* Thales SA TCFP.PA : Deutsche Bank raises target price to 42.5 euros from 37 euros
* Thomas Cook Group Plc TCG.L : UBS cuts target price to 145p from 147p
* Tribal Group Plc TRBG.L : Canaccord Genuity raises target price to 200p from 180p
* Thrombogenics NV THR.BR : ING starts with buy rating; target price of 73 euros
* Voestalpine VOES.VI : SocGen raises target price to 28 euros from 26.5 euros; rating hold
* Voestalpine AG VOES.VI : JP Morgan raises target price to 33 euros from 32 euros
* Vontobel VONN.S : Goldman Sachs raises price target to Sfr 41 from Sfr 38
* WPP Group WPP.L : JP Morgan raises target price to 1353p from 1282p
(Compiled by Eileen Anupa Soreng and Neha Dimri in Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 6749
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/