Europe Research Roundup: Intesa Sanpaolo, Reckitt Benckiser Group, Standard Chartered

Brinova Fastigheter AB (publ)

03/07/2019 08:57

July 3 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Intesa Sanpaolo, Reckitt Benckiser Group and Standard Chartered,
on Wednesday. 
    
    HIGHLIGHTS
     * BCP  BCP.LS : Jefferies raises to buy from underperform
     * Intesa Sanpaolo  ISP.MI : Jefferies cuts to underperform from hold
     * Reckitt Benckiser Group Plc  RB.L : SocGen cuts to sell from buy
     * Standard Chartered Plc  STAN.L : SocGen raises to buy from hold
     * Wood Plc  WG.L : Morgan Stanley raises to overweight from equal weight
 
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order. 
     
     * ABB Ltd  ABBN.S : Jefferies cuts target price to SFR 20 from SFR 21
     * Acerinox SA  ACX.MC : Citigroup cuts target price to EUR 9.28 from EUR 9
     * Aker Solutions ASA  AKSOL.OL : Morgan Stanley cuts price target to NOK 41 from NOK 55
     * Aker Solutions ASA  AKSOL.OL : Morgan Stanley raises to equal weight from underweight
     * Allianz SE  ALVG.DE : KBW raises price target to EUR 220 from EUR 210
     * Altice Europe NV  ATCA.AS : Barclays raises target price to EUR 2.4 from EUR 1.9
     * Anheuser Busch Inbev  ABI.BR : Independent Research raises TP to EUR88 from EUR83; hold
     * Aperam SA  APAM.AS : Citigroup cuts target price to EUR 30 from EUR 31
     * Assa Abloy AB  ASSAb.ST : Barclays cuts to equal weight from overweight
     * Atrium Ljungberg AB  ATRLJb.ST : Kepler Cheuvreux raises TP to SEK 177 from SEK 175
     * B&M European value Retail SA  BMEB.L : Jefferies cuts target price to 420p from 440p
     * Balder  BALDb.ST : Kepler Cheuvreux raises target price to SEK 358 from SEK 330
     * Balder  BALDb.ST : Kepler Cheuvreux raises to buy from hold
     * Bankia  BKIA.MC : Jefferies cuts target price to EUR 1.75 from EUR 2.1
     * Bankinter SA  BKT.MC : Jefferies cuts target price to EUR 6.5 from EUR 7
     * Barclays Plc  BARC.L : Citigroup cuts price target to 135p from 150p
     * BBVA  BBVA.MC : Jefferies cuts target price to EUR 5.3 from EUR 5.7
     * BCP  BCP.LS : Jefferies raises target price to EUR 0.32 from EUR 0.22
     * BCP  BCP.LS : Jefferies raises to buy from underperform
     * Brinova Fastigheter AB  BRINb.ST : Kepler Cheuvreux cuts to reduce from hold
     * Brinova Fastigheter AB  BRINb.ST : Kepler Cheuvreux raises TP to SEK 21.6 from SEK 19.6
     * Caixabank  CABK.MC : Citigroup cuts price target to EUR 2.55 from EUR 2.80
     * Caixabank  CABK.MC : Jefferies cuts target price to EUR 3.3 from EUR 3.7
     * Carlsberg  CARLb.CO : Deutsche Bank raises price target to DKK 1030 from DKK 1000
     * Castellum AB  CAST.ST : Kepler Cheuvreux raises target price to SEK 200 from SEK 197
     * Catena  CATE.ST : Kepler Cheuvreux raises target price to SEK 273 from SEK 251
     * Charter Court Financial Services  CCFS.L : Citigroup raises target to 400p from 375p
     * Close Brothers Group Plc  CBRO.L : Citigroup raises price target to 1400p from 1370p
     * Continental AG  CONG.DE : Citigroup cuts target price to EUR 138 from EUR 139
     * Corem Property Group  COREa.ST : Kepler Cheuvreux raises TP to SEK 20.8 from SEK 14.8
     * Covestro AG  1COV.DE : Baader Helvea cuts price target to EUR 42 from EUR 48
     * Daily Mail and General Trust  DMGOa.L : Berenberg raises price target to 850p from 800p
     * Daily Mail and General Trust  DMGOa.L : Credit Suisse raises TP to 786p from 741p
     * Daily Mail and General Trust  DMGOa.L : JP Morgan raises target price to 850p from 800p
     * Dart Group Plc  DTG.L : Jefferies initiates with hold rating and price target 900p
     * Deutsche Bank AG  DBKGn.DE : Independent Research ups TP to EUR 7.25 from EUR 6.25; hold
     * Diageo Plc  DGE.L : Deutsche Bank raises price target to 3550p from 3450p
     * Dic Asset AG  DICn.DE : Berenberg raises price target to EUR 12 from EUR 10.75
     * Dios Fastigheter AB  DIOS.ST : Kepler Cheuvreux raises target price to SEK79 from SEK77
     * Dios Fastigheter AB  DIOS.ST : Kepler Cheuvreux raises to buy from hold
     * EDF  EDF.PA : HSBC raises to buy from hold; cuts pt to eur13.5 from eur13.8
     * EDF  EDF.PA : HSBC upgrades to buy vs hold
     * Eland Oil & Gas Plc  ELA.L : Peel Hunt cuts price target to 176p from 193p
     * Electrocomponents Plc  ECM.L : RBC cuts price target to 660p from 740p
     * Enel  ENEI.MI : HSBC raises target price to EUR 6.3 from EUR 5.1
     * Entra ASA  ENTRA.OL : Kepler Cheuvreux raises target price to NOK 157 from NOK 154
     * Evry ASA  EVRY.OL : UBS raises target price to NOK 36.80 from NOK 32.50
     * Fabege AB  FABG.ST : Kepler Cheuvreux raises target price to SEK 164 from SEK 151
     * Finablr Plc  FINF.L : EFG Hermes initiates with buy rating; 231p price target
     * Funding Circle Holdings Plc  FCH.L : HSBC cuts target price to 175p from 310p
     * GL Events SA  GLTN.PA : Portzamparc raises TP to EUR 24.5 from EUR 24.3; 'accumulate'
     * GN Store Nord  GN.CO : JP Morgan cuts target price to DKK 374 from DKK 375
     * Grafton Group Plc  GFTU_u.L : Canaccord Genuity cuts target price to 895p from 900p
     * Gulf Keystone Petroleum Ltd  GKP.L : Peel Hunt raises price target to 390p from 382p
     * Hannover Rueck SE  HNRGn.DE : Jefferies raises target price to EUR 125 from EUR 115
     * Hembla AB  HEMb.ST : Kepler Cheuvreux raises target price to SEK 210 from SEK 201
     * Hemfosa  HEMF.ST : Kepler Cheuvreux cuts to hold from buy
     * Hemfosa  HEMF.ST : Kepler Cheuvreux raises target price to SEK 96 from SEK 91
     * Henkel AG & Co KGaA  HNKG_p.DE : Goldman Sachs raises price target to EUR100 from EUR94
     * Henkel AG & Co KGaA  HNKG_p.DE : Goldman Sachs raises to buy from neutral
     * Howden Joinery Group Plc  HWDN.L : Canaccord Genuity raises target to 515p from 510p
     * HSBC Holdings Plc  HSBA.L : Citigroup cuts price target to 535p from 540p
     * Hufvudstaden AB  HUFVa.ST : Kepler Cheuvreux raises target price to SEK 198 from SEK 190
     * Immobel SA  IMMO.BR : Kepler Cheuvreux raises target price to 70 euros from 68 euros
     * Independent Oil and Gas Plc  IOG.L : Peel Hunt cuts price target to 35p from 40p
     * Intesa Sanpaolo  ISP.MI : Jefferies cuts target price to EUR 1.70 from EUR 1.85
     * Intesa Sanpaolo  ISP.MI : Jefferies cuts to underperform from hold
     * IQE Plc  IQE.L : Deutsche Bank cuts price target to 64p from 70p
     * JD Sports Fashion Plc  JD.L : Peel Hunt raises target price to 650p from 580p
     * Jenoptik AG  JENGn.DE : Baader Helvea cuts target price to EUR 29 from EUR 30
     * Jeronimo Martins SA  JMT.LS : Jefferies raises price target to EUR 13 from EUR 12.25
     * Kiadis pharma NV  KDS.AS : Oppenheimer cuts target price to EUR 13 from EUR 17
     * Klovern  KLOVa.ST : Kepler Cheuvreux raises target price to SEK 16.7 from SEK 15
     * Kungsleden AB  KLED.ST : Kepler Cheuvreux raises target price to SEK 83 from SEK 82
     * Lloyds Banking Group Plc  LLOY.L : Citigroup cuts price target to 66p from 69p
     * Metro Bank Plc  MTRO.L : Citigroup cuts price target to 410p from 510p
     * Metso Oyj  METSO.HE : Barclays raises target price to EUR 31 from EUR 30
     * Michelin  MICP.PA : Citigroup cuts target price to EUR 132 from EUR 136
     * Nanoco Group Plc  NANON.L : Deutsche Bank cuts price target to 20p from 64p
     * Nestle SA  NESN.S : Jefferies raises target price to SFR 115 from SFR 102
     * Norwegian Property ASA  NPRO.OL : Kepler Cheuvreux raises TP to NOK 15.5 from NOK 14.8
     * NOS SA  NOS.LS : Barclays raises target price to EUR 6 from EUR 5.5
     * NP3 Fastigheter AB  NP3.ST : Kepler Cheuvreux raises target price to SEK 78 from SEK 72
     * Nyfosa AB  NYFO.ST : Kepler Cheuvreux raises target price to SEK 64 from SEK 58
     * OCI NV  OCI.AS : Credit Suisse raises target price to EUR 29 from EUR 27
     * Oesterreichische Post AG  POST.VI : Citigroup cuts target to EUR 33.50 from EUR 36.50
     * OL Groupe  OLG.PA : Kepler Cheuvreux raises target price to 3.3 euros from 3.2 euros
     * OMV AG  OMVV.VI : Barclays cuts target price to EUR 60 from EUR 65
     * Outokumpu Oyj  OUT1V.HE : Morgan Stanley cuts target price to EUR 2.90 from EUR 3.10
     * Pandox AB  PANDXb.ST : Kepler Cheuvreux raises target price to SEK 190 from SEK 185
     * Paragon Banking Group Plc  PARA.L : Citigroup raises price target to 465p from 450p
     * Petrofac Ltd  PFC.L : Morgan Stanley cuts price target to 530p from 720p
     * Petrofac Ltd  PFC.L : Morgan Stanley cuts to equal weight from overweight
     * PGS ASA  PGS.OL : Morgan Stanley cuts price target to NOK 18 from NOK 35
     * PGS ASA  PGS.OL : Morgan Stanley cuts to equal weight from overweight
     * Platzer  PLAZb.ST : Kepler Cheuvreux raises target price to SEK 95 from SEK 88
     * President Energy Plc  PPTC.L : Peel Hunt raises price target to 10.5p from 10p
     * Purplebricks Group Plc  PURP.L : Citigroup cuts price target to 165p from 215p
     * Reckitt Benckiser Group Plc  RB.L : SocGen cuts target price to 5600p from 7300p
     * Reckitt Benckiser Group Plc  RB.L : SocGen cuts to sell from buy
     * Remedy Entertainment Oyj  REMEDY.HE : Inderes raises TP to EUR 10 from EUR 9; increase
     * Renault  RENA.PA : Citigroup cuts price target to 55.20 euros from 56 euros
     * Royal Bank of Scotland  RBS.L : Citigroup cuts price target to 285p from 295p
     * Sabadell  SABE.MC : Jefferies cuts target price to EUR 1.05 from EUR 1.15
     * Sagax AB  SAGAa.ST : Kepler Cheuvreux raises target price to SEK 85 from SEK 77
     * Sage Group Plc  SGE.L : Stifel cuts to hold from buy
     * Saipem SpA  SPMI.MI : Morgan Stanley cuts target price to EUR 6 from EUR 7
     * Santander  SAN.MC : Jefferies cuts target price to EUR 3.6 from EUR 3.7
     * Saras SpA  SRS.MI : Barclays cuts target price to EUR 1.6 from EUR 1.7
     * SDX Energy Plc  SDX.L : Peel Hunt cuts price target to 35p from 38p
     * Serica Energy Plc  SQZ.L : Peel Hunt cuts price target to 159p from 177p
     * Shell  RDSb.L : Exane BNP Paribas cuts to neutral from outperform
     * Shell  RDSb.L : JP Morgan raises target price to 2,950p
     * SIG Plc  SHI.L : Canaccord Genuity cuts target price to 138p from 140p
     * Siltronic AG  WAFGn.DE : Deutsche Bank cuts price target to EUR 60 from EUR 70
     * Skanska  SKAb.ST : Kepler Cheuvreux raises target price to SEK 198 from SEK 193
     * Societe Generale SA  SOGN.PA : UBS cuts target price to EUR 30 from EUR 32
     * Soco International Plc  SIA.L : Peel Hunt cuts price target to 120p from 130p
     * Soitec SA  SOIT.PA : Deutsche Bank raises price target to EUR 92 from EUR 84
     * Stagecoach Group Plc  SGC.L : Citigroup cuts price target to 150p from 155p
     * Standard Chartered Plc  STAN.L : Citigroup cuts price target to 750p from 760p
     * Standard Chartered Plc  STAN.L : Citigroup cuts to neutral from buy
     * Standard Chartered Plc  STAN.L : SocGen raises target price to 840p from 715p
     * Standard Chartered Plc  STAN.L : SocGen raises to buy from hold
     * Subsea 7 SA  SUBC.OL : Morgan Stanley cuts target price to NOK 140 from NOK 165
     * Swatch Group AG  UHR.S : Citigroup raises price target to SFR 380 from SFR 350
     * Technicolor SA  TCH.PA : Kepler Cheuvreux cuts target price to EUR 0.90 from EUR 1.15
     * Tecnicas Reunidas  TRE.MC : Morgan Stanley cuts target price to EUR 23 from EUR 28
     * Telford Homes Plc  TELF.L : Canaccord Genuity raises target price to 350p from 290p
     * TGS Nopec Geophysical Company  TGS.OL : Morgan Stanley cuts TP to NOK 255 from NOK 290
     * Thomas Cook Group Plc  TCG.L : Jefferies cuts to hold rating and price target 13p
     * ThyssenKrupp  TKAG.DE : Barclays cuts target price to EUR 12 from EUR 13
     * ThyssenKrupp  TKAG.DE : Independent Research cuts TP to EUR 13 from EUR 14; rating hold
     * Tieto Oyj  TIETO.HE : UBS raises target price to EUR 27.20 from EUR 27
     * Travis Perkins Plc  TPK.L : Canaccord Genuity raises target price to 1,440p from 1,430p
     * Travis Perkins Plc  TPK.L : Canaccord Genuity raises to buy from hold
     * Travis Perkins Plc  TPK.L : Jefferies cuts target price to 1457p from 1497p
     * TUI AG  TUIGn.DE : Jefferies initiates with underperform rating, EUR 6.90 price target 
     * Unicredit  CRDI.MI : Jefferies cuts target price to EUR 14 from EUR 15
     * Valeo  VLOF.PA : Invest Securities cuts target price to EUR 31 from EUR 36; rating 'buy'
     * Valeo  VLOF.PA : Mainfirst cuts price target to EUR 24 from EUR 28
     * Valeo  VLOF.PA : Mainfirst cuts to underperform from neutral
     * Vallourec  VLLP.PA : Morgan Stanley cuts to underweight from equal weight
     * Vallourec  VLLP.PA : Morgan Stanley raises price target to EUR 3 from EUR 2.8
     * Vib Vermoegen AG  VIHG.DE : Berenberg raises price target to EUR 27.5 from EUR 24.75
     * Wallenstam AB  WALLb.ST : Kepler Cheuvreux raises target price to SEK 112 from SEK 107
     * Wentworth Resources Plc  WEN.L : Peel Hunt cuts price target to 41p from 43p
     * Wihlborgs Fastigheter  WIHL.ST : Kepler Cheuvreux raises target to SEK 158 from SEK 149
     * Wiit SpA  WIIT.MI : Midcap Partners raises target to EUR 71 from EUR 65; rating 'buy'
     * Wood Plc  WG.L : Morgan Stanley cuts price target to 700p from 770p
     * Wood Plc  WG.L : Morgan Stanley raises to overweight from equal weight
     * Works Co UK Plc  WRKS.L : Peel Hunt cuts target price to 100p from 135p
     * Worldline SA  WLN.PA : Credit Suisse raises target price to EUR 47 from EUR 38
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))