Europe Research Roundup: GlaxoSmithKline, Antofagasta, Adidas, ASOS

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19/03/2014 18:49

March 19 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including GlaxoSmithKline and Credit Agricole, on Wednesday.  
     
    HIGHLIGHTS 
    * GlaxoSmithKline  GSK.L : Jefferies cuts target price to 1600p; rating hold  
    * Credit Agricole  CAGR.PA : Citigroup raises target to 15 euros from 12 euros; rating buy 
    * Adidas AG  ADSGn.DE : Berenberg cuts target price to 88 euros from 96 euros; rating buy 
       
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order. See bottom of the table for sector changes.  
     
    * Adidas AG  ADSGn.DE : Berenberg cuts target price to 88 euros from 96 euros; rating buy 
    * ASOS PLC  ASOS.L : SocGen cuts to sell from hold rating 
    * BBA Aviation PLC  BBA.L : Jefferies raises target price to 385p from 345p; rating buy 
    * Bureau Veritas  BVI.PA : Barclays cuts target to 21 euros from 22 euros; underweight 
    * Credit Agricole  CAGR.PA : UBS raises target to 12.50 euros from 12 euros; rating buy 
    * Credit Agricole  CAGR.PA : Citigroup raises target to 15 euros from 12 euros; rating buy 
    * Davide Campari Milano  CPRI.MI : SocGen cuts target to 5.40 euros from euros 5.60; sell 
    * Fastnet Oil & Gas  FASTF.L : Cantor starts with buy rating 
    * Glaxosmithkline  GSK.L : Jefferies cuts target price to 1600p; rating hold  
    * Global Ports Investments  GLPRq.L : Renaissance Capital cuts to sell from hold rating 
    * Imagination Technologies Group  IMG.L : UBS raises to buy from neutral 
    * Ipsen SA  IPN.PA : SocGen raises price target to 33 euros from 29.6 euros; rating hold 
    * Novartis AG  NOVN.VX : Jefferies cuts target price to Sfr 75; rating hold  
    * Novo Nordisk  NOVOb.CO : Jefferies raises target price to Dkk 260; rating hold  
    * Rolls-Royce Holdings  RR.L : UBS raises to buy from sell; target price to 1160p from 900p 
    * Sanofi  SASY.PA : Jefferies cuts target price to 83 euros; rating buy  
    * Scor SE  SCOR.PA : Berenberg cuts target to 27.40 euros from 28.30 euros; rating hold 
 
 (Compiled by Saqib Iqbal Ahmed and Archana Lakshmi Narasiah in Bangalore) 
 ((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
1130)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/