Europe Research Roundup: ENI, Aviva, Porsche

Boiron SA

22/03/2016 24:28

March 21 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including ENI, Assicurazioni Generali and Tullow Oil, on Monday.  
     
     
    HIGHLIGHTS     
     * ENI Spa  ENI.MI : RBC raises to outperform from sector perform 
     * Tullow Oil Plc  TLW.L : Jefferies cuts to underperform from hold 
     * Aviva  AV.L : Bernstein cuts to market perform from outperform 
     * Porsche  PSHG_p.DE : Exane BNP Paribas raises to outperform  
     * Boliden AB  BOL.ST : Citigroup cuts to sell 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.    
     
 
     * Admiral Group  ADML.L : RBC raises target price to 1,625p from 1,475p 
     * Aena  AENA.MC : JP Morgan raises target price to 114 euros from 104 euros  
     * Aeroports De Paris SA  ADP.PA : JP Morgan cuts target price to 114 euros from 116 euros   
     * Aldermore Group Plc  ALD.L : Investec raises target price to 330p from 325p; rating buy 
     * Alstria Office REIT  AOXG.DE : Kepler Cheuvreux raises to buy; raises target to 14 euros 
     * Anima Holding SpA  ANIM.MI : UBS raises target to 6.80 euros from 6.60 euros; neutral   
     * Aroundtown Property  ALATP.PA : Kepler Cheuvreux starts with buy ratings 
     * Ascential  ASCL.L : Exane BNP Paribas starts with neutral; target price 250p   
     * Ascential  ASCL.L : Numis starts with buy; target price 280p   
     * Ascential Plc  ASCL.L : Deutsche Bank starts with buy rating; price target 290p   
     * Assicurazioni Generali  GASI.MI :Deutsche Bank cuts target to 16 Euros from 18 euros; Hold 
     * Assicurazioni Generali SpA  GASI.MI : Independent Research ups target to 14 euros; hold   
     * Autoneum  AUTON.S : Kepler Cheuvreux starts with a hold rating; target price Sfr 274   
     * Aviva  AV.L : Bernstein cuts price target to 535p from 580p   
     * Aviva  AV.L : Bernstein cuts to market perform from outperform   
     * Bank Millennium  MILP.WA : Deutsche Bank cuts to sell from hold 
     * Bank of Ireland  BKIR.I : Morgan Stanley cuts target price to 0.30 euros 
     * Bayer AG  BAYGn.DE : JP Morgan cuts target price to 111 euros from 125 euros   
     * Bechtle AG  BC8G.DE : Helvea Baader raises price target to Sfr 94 from Sfr 92; rating hold   
     * Berkeley Group Holdings  BKGH.L : Deutsche Bank raises target to 4,185p from 4,161p; buy   
     * Bilfinger  GBFG.DE : Exane BNP Paribas cuts target price to 35 euros   
     * Bioventix Plc  BVXP.L : Finncap raises target price to 1250p from 1040p   
     * Boiron  BOIR.PA : SocGen raises target price to 80 euros; rating hold   
     * Boliden AB  BOL.ST : Citigroup cuts to sell from buy; target price to Sek 114 from Sek 134   
     * BP Plc  BP.L : Deutsche Bank raises target price to 460p from 445p; rating buy   
     * Brady Plc  BRDY.L : N+1 Singer raises target price to 71p from 68p; rating buy   
     * Brenntag AG  BNRGn.DE : Berenberg cuts target price to 60 euros from 64 euros; rating buy   
     * Brenntag AG  BNRGn.DE : DZ Bank raises target to 49.00 euros from 44.00 euros; rating hold 
     * Card Factory Plc  CARDC.L : UBS cuts target price to 335p from 350p; rating neutral   
     * Carr's Group Plc  CARRC.L : Investec raises target price to 200p from 182p; rating buy   
     * Cd Projekt  CDR.WA : ING raises target price to Pln 28.6 from PLN26.50   
     * Constantin Medien  EV4G.DE :Matelan Research ups target to 2.50 euros from 2.30 euros; buy   
     * Debenhams Plc  DEB.L : UBS cuts target price to 63p from 70p; rating sell   
     * Det Norske  DETNOR.OL : Swedbank cuts to neutral from buy   
     * Deutsche euroshop  DEQGn.DE : Kepler Cheuvreux starts with buy ratings 
     * Deutsche Lufthansa AG  LHAG.DE : Kepler Cheuvreux cuts to hold; cuts target to 14 euros   
     * Deutsche Wohnen  DWNG.DE : Helvea Baaader Bank raises target price to 29 euros; rating buy   
     * Deutsche Wohnen AG  DWNG.DE : DZ Bank raises target to eur 29.00 from eur 27.00; buy 
     * Dixons Carphone Plc  DC.L : UBS cuts target price to 510p from 535p; rating buy   
     * Dno ASA  DNO.OL : Canaccord Genuity cuts target to Nok 10.70 from Nok 12.50; rating buy   
     * Do & Co AG  DOCO.VI : Renaissance Capital ups target to 114.3 euros from 96.6 euros; buy   
     * Dp Poland Plc  DPP.L : Peel Hunt raises target price to 35p from 30p   
     * Drax Group Plc  DRX.L : Citigroup raises target price to 271p from 231p; rating neutral   
     * DSV  DSV.CO : UBS cuts to sell from neutral; target price to Dkk 260 from Dkk 295   
     * EI Towers  EIT.MI : Kepler Cheuvreux cuts to hold; cuts target price to 51 euros   
     * Elementis  ELM.L : Jefferies raises target price to 219p from 216p; rating hold 
     * ENI  ENI.MI : SocGen raises target price to 15.5 euros; rating buy   
     * ENI SpA  ENI.MI : Goldman Sachs raises price target to 16 euros from 15.6 euros   
     * ENI Spa  ENI.MI : RBC raises target price to 16 euros from 14.50 euros 
     * ENI Spa  ENI.MI : RBC raises to outperform from sector perform 
     * Exor  EXOR.MI : Kepler Cheuvreux raises target price to 34 euros   
     * Exor SpA  EXOR.MI : UBS cuts target price to 33.50 euros from 44 euros; rating neutral   
     * Ferrexpo Plc  FXPO.L : Cantor raises target price to 79p from 39p   
     * Ferrexpo Plc  FXPO.L : Morgan Stanley cuts target price to 18p from 30p   
     * Ferrexpo Plc  FXPO.L : Morgan Stanley cuts to underweight from equal-weight  
     * Finmeccanica SpA  SIFI.MI : Natixis cuts target to 12 euros from 12.5 euros; neutral   
     * Freenet  FNTGn.DE : HSBC cuts to reduce from neutral; target to 26 euros from 33 euros 
     * Galp Energia SA  GALP.LS : SocGen cuts to sell from hold   
     * GAM Holding  GAMH.S : RBC cuts target price to Sfr 16 from Sfr 18.50 
     * GAM Holding  GAMH.S : RBC cuts to sector perform from outperform 
     * Genel Energy Plc  GENL.L : Canaccord Genuity cuts target to 165p from 210p; spec. buy   
     * Generali  GASI.MI : Natixis cuts target price to 18 euros from 19 euros; rating buy   
     * Gerry Weber  GWIG.DE : Independent Research raises target to eur 13.50 from eur 12.00;hold   
     * Greggs Plc  GRG.L : Peel Hunt raises target price to 1,320p from 1,200p   
     * Groupe Bruxelles  GBLB.BR : SocGen cuts target price to 72.5 euros; rating hold   
     * Gulf Keystone Petroleum Ltd  GKP.L : Canaccord Genuity cuts target price to 4p from 15p   
     * Gulf Keystone Petroleum Ltd  GKP.L : Canaccord Genuity cuts to sell from hold   
     * Halfords Group Plc  HFD.L : UBS cuts to sell from neutral; target price to 330p from 365p   
     * Havas SA  HAVA.PA : JP Morgan cuts target price to 8 euros from 8.40 euros   
     * Hellenic Telecommunications  OTEr.AT :Esn/Investment Bank Of Greece ups to buy from accumulate 
     * Inditex  ITX.MC : Raymond James raises to outperform from market perform   
     * Ing Groep NV  ING.AS : UBS cuts target price to 14.50 euros from 14.70 euros; rating buy   
     * Inmarsat Plc  ISA.L : RBC cuts target price to 1300p from 1350p; rating outperform 
     * J D Wetherspoon Plc  JDW.L : HSBC cuts target price to 750p from 810p; rating buy   
     * J Sainsbury  SBRY.L : Nomura raises target price to 280p from 250p; rating neutral 
     * Kpn  KPN.AS : HSBC raises target price to 4.40 euros from 4 euros; rating buy   
     * Lafargeholcim Ltd  LHN.S : Vontobel raises target price to Sfr 49 from Sfr 46; rating hold   
     * Magyar Telekom  MTEL.BU : HSBC raises to buy from hold; target to 500 Huf from 420 Huf   
     * Marks and Spencer Group Plc  MKS.L : UBS cuts target price to 490p from 575p; rating buy   
     * Masi  MASIA.MI : Kepler Cheuvreux cuts target price to 5 euros   
     * mBank  MBK.WA : Deutsche Bank cuts to sell from hold 
     * Megafon  MFONq.L : JP Morgan cuts target price to $14 from $16  
     * Micron Technology Inc  MU.O : Deutsche Bank cuts target price to $16 from $17; rating buy   
     * Miton  MGRM.L : Peel Hunt raises target price to 42p from 35p   
     * N Brown Group Plc  BWNG.L : UBS cuts to neutral from buy; target price to 360p from 380p   
     * Next Plc  NXT.L : UBS cuts target price to 7,200p from 7,600p; rating neutral   
     * Old Mutual Plc  OML.L : Bernstein cuts target to 185p from 190p; rating market perform   
     * Panalpina Welttransport  PWTN.S : UBS cuts target to Sfr 103 from Sfr 105; rating neutral   
     * PKO  PKO.WA : Deutsche Bank cuts to hold from buy 
     * Porsche  PSHG_p.DE : Exane BNP Paribas raises target price to 58 euros 
     * Porsche  PSHG_p.DE : Exane BNP Paribas raises to outperform from neutral 
     * Publicis  PUBP.PA : JP Morgan raises target price to 73 euros from 69 euros   
     * Randgold Resources Ltd  RRS.L : Barclays removes from top Pick List   
     * Rathbone Brothers Plc  RAT.L : Peel Hunt cuts to add from buy; cuts target price to 2,465p   
     * Rheinmetall AG  RHMG.DE : Exane BNP Paribas raises target price to 67 euros   
     * Rheinmetall AG  RHMG.DE : Kepler Cheuvreux cuts to hold from buy   
     * Royal Bank of Scotland  RBS.L : Natixis cuts target price to 268p from 270p   
     * Royal Bank of Scotland  RBS.L : Natixis raises to buy from neutral 
     * Sage Group Plc  SGE.L : Citigroup raises target price to 700p from 660p; rating buy   
     * Saipem SpA  SPMI.MI : Canaccord Genuity cuts target to 0.45 euros from 0.65 euros; hold   
     * Scandinavian Tobacco Group A/S  STOGR.CO : JP Morgan starts with neutral; target Dkk 107   
     * Schweiter Technologies  SWTQ.S : Helvea Baader raises target to Sfr 950 from Sfr 910; buy   
     * Soco International Plc  SIA.L : Jefferies raises price target to 180p from 127p 
     * Soco International Plc  SIA.L : Jefferies raises to buy from hold 
     * Sophos Group Plc  SOPH.L : Citigroup starts with buy rating; 300p target price   
     * Sports Direct International Plc  SPD.L : Liberum raises target price to 510p from 470p   
     * Sports Direct International Plc  SPD.L : Liberum raises to buy from hold   
     * Subsea 7  SUBC.OL : Canaccord Genuity raises target price to Nok 55 from Nok 50   
     * Subsea 7 SA  SUBC.OL : Canaccord Genuity cuts to sell from hold   
     * Swisscom AG  SCMN.S : Vontobel cuts target price to Sfr 540 from Sfr 550; rating hold   
     * Talanx AG  TLXGn.DE : DZ Bank raises target price to eur 32.00 from eur 30.00; rating buy   
     * Tatneft  TATN.MM : HSBC cuts to hold from buy   
     * Technip  TECF.PA : Raymond James resumes with market perform; fair value of 45 euros 
     * Telekom Austria AG  TELA.VI : HSBC raises target to 6 euros from 5.50 euros; rating hold   
     * TLG  TLGG.DE : Kepler Cheuvreux starts with buy rating 
     * Tullow Oil Plc  TLW.L : Jefferies cuts to underperform from hold 
     * U Blox  UBXN.S : Kepler Cheuvreux raises target price to Sfr 212   
     * Virbac SA  VIRB.PA : Exane BNP Paribas cuts target price to 160 euros   
     * Vossloh AG  VOSG.DE : Independent Research cuts target to 62.0 euros from 69.0 euros; hold   
     * Wacker Neuson SE  WACGn.DE : Deutsche Bank cuts to sell; cuts target price to 11 euros   
     * YouGov  YOU.L : Numis raises to buy from add   
     * Zalando  ZALG.DE : Kepler Cheuvreux cuts target price to 35.50 euros   
  
     Sector Changes: 
     * Global Equity Strategy: JP Morgan cuts eurozone to neutral 
     * Global Equity Strategy: JP Morgan raises emerging markets to overweight 
  
 (Compiled by Vishal Sridhar in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/