Europe Research Roundup: BP, Randstad, Credit Suisse, Enagas

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05/09/2014 14:31

Sept 5 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including BP, KBC and Swedish Match, on Friday.  
     
    HIGHLIGHTS 
    * BP PLC  BP.L : Citigroup raises to buy rating; S&P Capital IQ, Investec cut target price 
    * Randstad  RAND.AS : Credit Suisse raises to outperform from neutral 
    * Enagas SA  ENAG.MC : Deutsche Bank cuts to hold from buy 
    * Credit Suisse  CSGN.VX : UBS cuts to neutral; price target to Sfr 26 from Sfr 33.50 
    * KBC  KBC.BR : Barclays cuts to equal weight from overweight  ID:WNAB04O9B  
    * Swedish Match  SWMA.ST : Deutsche Bank cuts to sell from hold 
          
Following is a summary of research actions on European companies reported by Reuters on Friday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.   
     
    * Acron  AKRN.MM : SocGen starts with buy rating 
    * Aegean Airlines  AGNr.AT : Euroxx Securities raises target to 9.80 euros from 9.30 euros 
    * Altran  ALTT.PA : Natixis raises target price to 9.25 euros from 9 euros; rating buy 
    * Altran  ALTT.PA : SocGen raises target price to 11 euros from 9.5 euros; rating buy 
    * Ashtead Group  AHT.L : Berenberg raises target price to 1170p from 1145p; rating buy 
    * Banco Bilbao  BBVA.MC : Barclays cuts target price to 9.50 euros from 9.80 euros 
    * Banco Santander  SAN.MC : Barclays raises target price to 6 euros from 5.50 euros 
    * Bilfinger  GBFG.DE : UBS cuts target price to 52 euros from 59 euros; rating neutral 
    * Biomerieux  BIOX.PA : SocGen raises target price to 85 euros from 80 euros; rating hold 
    * BP  BP.L : Citigroup raises to buy from neutral; price target to 510p from 480p 
    * BP  BP.L : Investec cuts price target to 440p from 460p; rating hold 
    * BP  BP.L : S&P Capital IQ cuts target price to 486p from 540p; rating buy 
    * Brisa  BRISA.IS : Renaissance Capital raises target price to Tl 8 from Tl 7.1; rating buy 
    * Capita  CPI.L : UBS cuts to neutral from buy 
    * Credit Suisse  CSGN.VX : UBS cuts to neutral rating 
    * Credit Suisse  CSGN.VX : UBS cuts price target to Sfr 26 from Sfr 33.50 
    * Danske Bank  DANSKE.CO : Citigroup removes from Citi Focus List Europe 
    * Deutsche Bank  DBKGn.DE : UBS cuts price target to 26 euros from 27.50 euros; neutral 
    * Elringklinger  ZILGn.DE : Goldman Sachs cuts to sell from neutral 
    * Elringklinger  ZILGn.DE : Goldman Sachs cuts price target to 24 euros from 33 euros 
    * Enagas SA  ENAG.MC : Deutsche Bank cuts to hold from buy 
    * Glanbia  GL9.I : Jefferies raises price target to 13.50 euros from  12 euros; rating buy 
    * Grupa Azoty  ATTP.WA : SocGen starts with sell rating; target price Pln 62 
    * ING  ING.AS : Barclays raises to overweight from equal weight 
    * ING  ING.AS : Barclays raises target price to 13 euros from 11.50 euros 
    * ING  ING.AS : Barclays says ING becomes its top pick among the Benelux banks 
    * International Personal Finance  IPF.L : Numis cuts target to 644p from 675p; rating buy 
    * Intesa Sanpaolo  ISP.MI : Citigroup raises to buy from neutral 
    * Intesa Sanpaolo  ISP.MI : Citigroup adds to Citi Focus List Europe 
    * Joyou AG  JY8G.DE : DZ Bank cuts target price to 20 euros from 21 euros; rating buy 
    * Julius Baer  BAER.VX : UBS raises to buy 
    * KBC  KBC.BR : Barclays cuts to equal weight from overweight 
    * Lavendon Group  LVD.L : Panmure raises to buy 
    * Lemminkainen  LEM1S.HE : ESN/Pohjola raises price target to 17 euros from 15.97 euros 
    * Leonteq  LEON.S : UBS raises to neutral from sell; price target to Sfr 200 from Sfr 124 
    * Low & Bonar  LWB.L : Numis cuts to hold from add; cuts price target to 80p from 95p 
    * Neopost  NPOS.PA : Natixis raises to buy from neutral 
    * Neopost  NPOS.PA : SocGen raises target price to 55 euros from 54 euros; rating hold 
    * Nordgold  NORDNq.L : Deutsche Bank cuts to hold from buy; price target to $1.70 from $3.78 
    * Norilsk Nickel  NKELyq.L : Renaissance Capital reinitiates coverage with buy rating 
    * Orange Polska  OPL.WA : Citigroup cuts to neutral from buy 
    * Orange Polska  OPL.WA : Citigroup cuts price target to Pln 11.30 from Pln 11.80 
    * Qiagen NV  QGEN.DE : DZ Bank raises to buy from sell 
    * Qiagen NV  QGEN.DE : DZ Bank raises target price to 21 euros from 14.90 euros 
    * Randstad  RAND.AS : Credit Suisse raises to outperform from neutral 
    * RBS  RBS.L : Berenberg raises target price to 250p from 210p; rating sell 
    * Red Electrica  REE.MC : Deutsche Bank raises to buy 
    * Redrow Plc  RDW.L : UBS raises price target to 335p from 320p; rating buy 
    * Safilo  SFLG.MI : ESN/Banca Akros raises to buy from hold 
    * Safilo  SFLG.MI : ESN/Banca Akros cuts price target to 14.70 euros from 17.70 euros 
    * Standard Life  SL.L : Canaccord Genuity raises target price to 460p from 410p; rating buy 
    * Swedish Match  SWMA.ST : Deutsche Bank cuts to sell from hold 
    * Swedish Match  SWMA.ST : Deutsche Bank raises price target to Sek 215 from Sek 193 
    * Synergy Health  SYR.L : Numis cuts to reduce from add 
    * UBS  UBSN.VX : Morgan Stanley cuts target price to Sfr 22 from Sfr 23; rating overweight 
    * United Internet AG  UTDI.DE : DZ Bank raises target to 39 euros from 37 euros; buy 
    * Xaar  XAR.L : UBS cuts target price to 420p from 550p; rating neutral 
    * Yara International  YAR.OL : SocGen starts with hold rating 
     
    SECTOR CHANGES: 
    * Italian Banks: Citigroup raises to overweight  ID:nWNAB04O86  
 
 (Compiled by Fareha Khan and Geetha Panchaksharam 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/