Europe Research Roundup: ARM Holdings, TUI AG, Gam Holding
18/08/2014 14:13
Aug 18 (Reuter) - Securities analysts revised their ratings and price targets on several
European companies, including ARM Holdings, TUI AG and Evraz, on Monday.
HIGHLIGHTS
* ARM Holdings ARM.L : Goldman Sachs adds to Conviction List; rating buy
* MMK MAGNq.L : Citigroup raises to buy from neutral
* Gam Holding GAMH.S : RBC raises to outperform from underperform
* TUI AG TUIGn.DE : DZ Bank raises to buy from hold rating
* Evraz EVRE.L : Citigroup raises to buy from neutral
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.
* ABB ABBN.VX : Espirito Santo Investment Bank cuts fair value to sfr 20; rating neutral
* Admiral Group Plc ADML.L : Credit Suisse cuts target to 1350p from 1425p; rating neutral
* African Minerals AMIq.L : Citigroup cuts to neutral from buy rating
* Akbank AKBNK.IS : Barclays cuts target price to Tl 8.77 from Tl 8.87
* Alrosa ALRS.MM : Citigroup raises target price to 39 roubles; rating sell
* Alstom ALSO.PA : Espirito Santo Investment Bank cuts fair value to 28 euros; neutral
* A.P. Moller Maersk MAERSKb.CO : Nykredit Markets ups fair value to Dkk 15,400; outperform
* ARM Holdings Plc ARM.L : Goldman Sachs adds to Conviction List; rating buy
* Aquarius Platinum AQP.L : UBS raises to buy from neutral; target price to 30p from 24p
* Atlantia ATL.MI : ESN/Banca Akros raises to accumulate from hold
* Austrian Post POST.VI : Jefferies raises target price to 36.50 euros from 35 euros; hold
* BHP Billiton BLT.L : Exane BNP Paribas raises target by 8 pct to 2,000p; rating neutral
* Bilfinger GBFG.DE : S&P Capital IQ cuts target price to 56 euros from 75 euros; hold
* Bovis Homes Group BVS.L : Jefferies raises target price to 1210p from 1183p; rating buy
* Brunel International BRUN.AS : Natixis cuts target to 19 euros from 21 euros; neutral
* CTT CTT.LS : Jefferies raises target price to 9.50 euros from 8.75 euros; rating buy
* Daetwyler DAE.S : Helvea Baader Bank cuts target to sfr 145 from sfr 150; rating buy
* Deutsche Post DPWGn.DE : Jefferies cuts target price to 25 euros from 28 euros; hold
* Delticom AG DEXGn.DE : Berenberg cuts to sell from hold; target to 20 euros from 37 euros
* Drillisch DRIG.DE : ESN/Equinet Bank raises to accumulate from hold
* EDF EDF.PA : Deutsche Bank resumes coverage with sell rating; target 18 euros
* Evraz EVRE.L : Citigroup raises to buy from neutral
* Evraz EVRE.L : Citigroup raises target price to 133p from 102p
* Fnac FNAC.PA : Raymond James raises to strong buy from outperform
* Galenica GALN.S : Helvea Baader Bank raises target to sfr 1,040 from sfr 1,000; buy
* Gam Holding GAMH.S : RBC raises to outperform from underperform
* Gam Holding GAMH.S : RBC raises target price to sfr 19.50 from sfr 16.50
* Garanti Bank GARAN.IS : Barclays raises to equal weight from underweight
* Garanti Bank GARAN.IS : Barclays raises target price to Tl 8.60 from Tl 8.20
* GN Store Nord A/S GN.CO : SocGen raises target price to Dkk 185 from Dkk 175; rating buy
* Halkbank HALKB.IS : Barclays cuts target price to Tl 19.05 from Tl 19.12
* Hennes & Mauritz HMB.ST : Nordea Equity Research raises target price to Sek 270; Sell
* Isbank ISCTR.IS : Barclays raises target price to Tl 5 from Tl 4.92
* KGHM KGH.WA : Wood and Company raises to hold from sell
* Kungsleden KLED.ST : Danske Bank cuts target price to sek 59 from sek 61 ; rating buy
* Legrand LEGD.PA : Espirito Santo Investment Bank cuts fair value to 54 euros; rating buy
* Lloyds Banking LLOY.L : Citigroup raises price target to 82p from 80p; rating neutral
* MMK MAGNq.L : Citigroup raises to buy from neutral
* MMK MAGNq.L : Citigroup raises target price to $3.05
* Nexans NEXS.PA : Espirito Santo Investment Bank raises to neutral from sell
* NLMK NLMKq.L : Citigroup raises to buy from neutral
* NLMK NLMKq.L : Citigroup raises target price to $17
* Norilsk Nickel NKELyq.L : Citigroup raises target price to $21.30 from $21; rating buy
* Ophir Energy OPHR.L : RBC adjusts target price to 240p from 400p; rating sector perform
* Pegasus Airlines PGSUS.IS : Barclays raises to overweight rating
* Philips PHG.AS : Espirito Santo Investment Bank cuts fair value to 23 euros; neutral
* Premier Oil PMO.L : Exane BNP Paribas raises target price to 397p; rating neutral
* Prysmian PRY.MI : Espirito Santo Investment Bank cuts fair value to 15.5 euros; neutral
* Prudential Plc PRU.L : Deutsche Bank raises target price to 1630p from 1585p; rating buy
* Rentokil RTO.L : Investec raises to buy from hold
* Rentokil RTO.L : Investec raises target price to 150p from 100p
* Rhoen-Klinikum RHKG.DE : DZ Bank raises target to 23 euros from 22 euros; hold
* River And Mercantile Group RIV.L : Canaccord Genuity starts with buy
* River And Mercantile Group RIV.L : Canaccord Genuity starts with target price 231p
* Royal Mail RMG.L : Jefferies cuts target price to 400p from 420p; rating underperform
* Royal Unibrew A/S RBREW.CO : Nordea Equity Research raises target to dkk 1100; rating buy
* Sampo SAMAS.HE : Berenberg raises target price to 37.50 euros from 37 euros; rating hold
* Schneider SCHN.PA : Espirito Santo Investment Bank cuts fair value to 78 euros; buy
* Schindler SCHN.S : Espirito Santo Investment Bank cuts fair value to sfr 115; rating sell
* Semperit SMPV.VI : Deutsche Bank cuts to hold from buy
* Siemens AG SIEGn.DE : Espirito Santo Investment Bank cuts fair value to 82 euros; sell
* SIG PLC SHI.L : Berenberg cuts target price to 215p from 230p; rating buy
* Schweiter Technologies SWTQ.S : UBS ups to buy from neutral; target to Sfr 690 from 640
* TAG Immobilien TEGG.DE : S&P Capital IQ cuts target to 9.30 euros from 10.1 euros; hold
* Telekom Austria TELA.VI : Barclays raises target price to 7 euros; rating equal weight
* Tieto TIE1V.HE : Danske Bank raises to buy from hold
* TUI AG TUIGn.DE : DZ Bank raises to buy from hold
* TDC A/S TDC.CO : Berenberg cuts target price to Dkk 44 from Dkk 53; rating hold
* UDG Healthcare Plc UDG.L : Investec raises target price to 365p from 360p; rating hold
* Wereldhave WEHA.AS : SocGen cuts target price to 64 euros from 65 euros; rating hold
* Yapi Kredi YKBNK.IS : Barclays raises target price to tl 4.24 from tl 4.15
* Zurich Insurance Group AG ZURN.VX : Credit Suisse raises target price to sfr 294; neutral
SECTOR:
* Russian Metals Sector: Citigroup raises to overweight rating ID:nWNAB04L2F
(Compiled by Fareha Khan and Jai Ganesh 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/