Europe Research Roundup: ArcelorMittal, Syngenta, Elekta AB
15/05/2015 16:10
May 15 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including ITV Plc and Syngenta, on Friday.
HIGHLIGHTS
* MTU Aero Engines MTXGn.DE : S&P Capital IQ raises to buy from hold
* ArcelorMittal SA ISPA.AS : BofA Merrill raises to buy from neutral
* Syngenta SYNN.VX : Exane BNP Paribas raises to neutral from underperform
* Elekta AB EKTAb.ST : JP Morgan, Morgan Stanley downgrade the stock
* ITV Plc ITV.L : Barclays cuts to equal weight; Bernstein, JP Morgan raise target price
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* 3I Group Plc III.L : BofA Merrill raises target price to 590p from 500p; rating buy
* Alcatel Lucent ALUA.PA : S&P Capital IQ cuts price target to 3.58 euros; rating hold
* Alfa Laval AB ALFA.ST : Deutsche Bank cuts target price to Sek 145 from Sek 148; sell
* Anadolu Efes AEFES.IS : Goldman Sachs cuts price target to Tl 25.60 from Tl 26.10;neutral
* AP Moeller Maersk MAERSKb.CO :Goldman Sachs cuts target to Dkk 165000 from Dkk 168000;buy
* ArcelorMittal SA ISPA.AS : BofA Merrill raises to buy from neutral
* Astaldi SpA AST.MI : Kepler Cheuvreux raises target to 9.50 euros from 9.20 euros; buy
* Atlas Development & Support Services Ltd ADSS.L : Stifel starts with buy ; target 4.40P
* Atlas Copco ATCOa.ST : Deutsche Bank cuts target price to Sek 238 from Sek 246; hold
* Banca Popolare Dell'emilia EMII.MI : Exane BNP Paribas ups target by 2 pct to 9.5 euros
* Banco Comercial Portugues BCP.LS : UBS ups target to 0.09 euros from 0.07 euros; neutral
* Belgacom BCOM.BR : Goldman Sachs cuts price target to 31 euros from 32.10 euros; sell
* BHP Billiton BLT.L : Jefferies cuts price target to 1450p from 1600p; rating hold
* BHP Billiton BLT.L : Renaissance Capital cuts target price to 1560p from 1730p; buy
* Bovis Homes BVS.L : Liberum raises target price to 1140p from 1105p; rating buy
* Braas Monier Building BMSA.DE : Berenberg raises price target to 27 euros from 25 euros
* Brammer Plc BRAM.L : Investec cuts to hold from buy; target price to 370p from 385p
* Brammer Plc BRAM.L : Jefferies cuts price target to 345p from 400p; rating hold
* Brembo BRBI.MI : Exane BNP Paribas raises target to 37.5 euros from 33 euros; neutral
* Brembo BRBI.MI : Kepler Cheuvreux raises target to 42 euros from 40 euros; rating hold
* British Land BLND.L : Canaccord Genuity raises target price to 1002p from 907p; buy
* British Land BLND.L : Exane BNP Paribas cuts target price to 980p from 1010p; outperform
* British Land BLND.L : Goldman Sachs raises price target to 985p from 975p; rating buy
* British American Tobacco BATS.L : Goldman Sachs cuts price target to 3010p from 3050p
* Brunel International BRUN.AS : ING cuts target price to 21 euros from 22.50 euros; buy
* C&C Group GCC.I : Berenberg raises price target to 3.80 euros from 3.40 euros; hold
* Cable & Wireless Communications CWC.L : JP Morgan resumes coverage with neutral
* Cable & Wireless Communications CWC.L : JP Morgan resumes coverage with price target 65p
* Coca Cola HBC CCH.L : Credit Suisse raises target price to 1400p from 1230p; neutral
* Coca-Cola Hellenic CCH.L : Socgen raises target price to 1,130p; rating sell
* Danieli DANI.MI : Kepler Cheuvreux cuts to hold from buy; cuts target price to 23 euros
* Delhaize DELB.BR : Rabobank raises to buy
* Deutsche Telekom DTEGn.DE : Goldman Sachs cuts target to 18.30 euros from 18.50 euros
* DS Smith Plc SMDS.L : UBS cuts to neutral from buy
* DS Smith Plc SMDS.L : UBS raises price target to 390p from 355p
* DSM NV DSMN.AS : UBS raises target price to 48 euros from 46 euros; rating neutral
* Edanta Resources VED.L : Deutsche Bank raises target price to 800p from 740p; rating buy
* Elekta EKTAb.ST : JP Morgan cuts to neutral from overweight
* Elekta EKTAb.ST : JP Morgan cuts target price to Sek 49 from Sek 91
* Elekta EKTAb.ST : Morgan Stanley cuts price target to Sek 64 from Sek 96
* Elekta EKTAb.ST : Morgan Stanley cuts to equal weight from overweight
* Eiffage FOUG.PA : Goldman Sachs raises price target to 65 euros from 63 euros; rating buy
* Fagron NV FAGRO.BR : Jefferies raises price target to 40 euros from 38 euros; rating hold
* Fincantieri SPA FCT.MI : JP Morgan cuts target price to 0.72 euros from 0.83 euros
* First Quantum Minerals FQM.L : Jefferies raises price target to 1250p; rating buy
* Fraport FRAG.DE : S&P Capital IQ raises target price to 66 euros from 61 euros; buy
* Hellenic Telecommunications OTEr.AT : Euroxx Securities cuts target to 11.70 euros
* Hera HRA.MI : Goldman Sachs cuts target to 2.95 euros from 3 euros; conviction-list buy
* Hiscox HSX.L : Canaccord Genuity raises target price to 810p from 750p; rating hold
* Hochtief HOTG.DE : S&P Capital IQ cuts target price to 74 euros from 78 euros
* Home Retail Group HOME.L : Besi Research cuts to sell from neutral;cuts fair value to 140p
* HSBC HSBA.L : Berenberg cuts target price to 750p from 790p; rating buy
* ICG IR5B_u.I : Investec raises target price to 4.70 euros from 4.20 euros; rating buy
* IMI Plc IMI.L : Nomura cuts target price to 1115p from 1175p; rating reduce
* Imtech IMUN.AS : Rabobank cuts target price to 4.30 euros from 5 euros; rating hold
* Inmarsat Plc ISA.L : UBS raises target price to 980p from 930p; rating neutral
* Inter Cars CARP.WA : WOOD & Co starts with a buy rating
* Inter Cars CARP.WA : WOOD & Co starts with price target of Pln 299
* International Personal Finance IPF.L : JP Morgan cuts to underweight from neutral
* International Personal FinancE IPF.L : JP Morgan raises target price to 460p from 430p
* Interpump Group ITPG.MI : Citigroup raises target to 16 euros from 12.50 euros; neutral
* Ithaca Energy IAE.L : Investec cuts target price to 70p from 75p; rating buy
* Intu Properties INTUP.L>: Investec cuts target price to 361p from 380p; rating hold
* Investec Plc INVP.L : Canaccord Genuity raises target price to 653p from 600p; rating buy
* ITV Plc ITV.L : Barclays cuts to equal weight from overweight
* ITV plc ITV.L : Barclays raises price target to 260p from 250.4p
* ITV PLC ITV.L : Bernstein raises price target to 325p from 265p; rating outperform
* ITV Plc ITV.L : JP Morgan raises target price to 294p from 281p; rating overweight
* Julius Baer BAER.VX : Morgan Stanley raises target to Sfr 48 from Sfr 44; equal weight
* K&S AG SDFGn.DE : UBS cuts target price to 30 euros from 32 euros; rating neutral
* Lanxess LXSG.DE : UBS raises price target to 60 euros from 58 euros; rating buy
* Lonmin LMI.L : Goldman Sachs cuts to sell from buy; cuts price target to 100p from 225p
* LPKF LPKG.DE : DZ Bank cuts target price to 9.00 euros from 10.00 euros; rating hold
* Marston's Plc MARS.L : JP Morgan raises target price to 170p from 163p; rating neutral
* Mediaset MS.MI : Goldman Sachs ups target to 4.80 euros; conviction-list buy
* Merlin Entertainments MERL.L : Barclays raises price