Europe Research Roundup: Daimler AG, Novatek, Beiersdorf, Danone
18/07/2014 23:35
July 18 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Alstom, Daimler and Novatek, on Friday.
HIGHLIGHTS
* Daimler AG DAIGn.DE : Credit Suisse cuts to neutral from outperform
* Novatek NVTKq.L : Deutsche Bank cuts to hold from buy
* Danone DANO.PA : S&P Capital IQ cuts to hold from buy
* Beiersdorf BEIG.DE : Exane BNP Paribas cuts to neutral from outperform rating
* Alstom ALSO.PA : UBS raises to buy from neutral
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* Accor ACCP.PA : S&P Capital IQ cuts to hold from buy; target to 39 euros from 41 euros
* Acerinox ACX.MC : JP Morgan raises target to 11.50 euros from 11 euros; underweight
* Air France AIRF.PA : Deutsche Bank cuts target to 9.50 euros from 11 euros; rating hold
* Aker Solutions AKSO.OL : Credit Suisse cuts target to Nok 115 from Nok 120; outperform
* Alfa Laval ALFA.ST : UBS cuts target price to Sek 175 from Sek 180; rating neutral
* Alstom ALSO.PA : UBS raises to buy from neutral
* Amec AMEC.L : UBS cuts target price to 1190p from 1200p
* Ascom ASCN.S : UBS cuts target price to Sfr 18 from Sfr 19
* Atlas Copco ATCOa.ST : Credit Suisse raises target to Sek 230 from Sek 210; outperform
* Avanti AVN.L : Jefferies cuts to hold from buy, price target to 250p from 580p
* Barclays PLC BARC.L : Credit Suisse cuts target price to 235p from 275p; rating neutral
* BB Biotech BIONn.DE : ESN/Equinet Bank raises target to 164 euros from 156 euros; buy
* Beiersdorf BEIG.DE : Exane BNP Paribas cuts to neutral from outperform rating
* Beiersdorf BEIG.DE : Exane BNP Paribas cuts target price to 75 euros from 78 euros
* Berendsen BRSN.L : UBS adds to European Support Services Most Preferred List
* BNP Paribas BNPP.PA : UBS cuts target price to 53 euros from 54.70 euros; rating neutral
* Breedon Aggregates BREE.L : Jefferies raises price target to 47p; rating hold
* British Land BLND.L : Barclays raises target price to 936p from 695p; rating overweight
* Brunel International BRUN.AS : Natixis cuts target to 21 euros from 24 euros; neutral
* Brunello Cucinelli BCU.MI : Exane cuts target to 16 euros from 19.10 euros; underperform
* Burberry BRBY.L : Exane BNP Paribas raises to outperform from neutral rating
* Burberry BRBY.L : Exane BNP Paribas raises target price to 17p from 15.60p
* CASA CAGR.PA : UBS cuts target price to 12.6 euros from 12.9 euros
* Catlin CGL.L : Peel Hunt cuts to sell from hold
* Citycon CTY1S.HE : JP Morgan starts with overweight
* Continental CONG.DE : Berenberg starts with buy rating; price target 200 euros
* Croda International CRDA.L : Berenberg cuts price target to 2700p from 2850p; rating buy
* Cropenergies CE2G.DE : DZ Bank cuts target to 5.90 euros from 6.10 euros; rating buy
* Daimler AG DAIGn.DE : Credit Suisse cuts to neutral from outperform
* Daimler AG DAIGn.DE : Credit Suisse cuts price target to 70 euros from 84 euros
* Danone DANO.PA : Jefferies raises price target to 51 euros from 47 euros; rating hold
* Danone DANO.PA : S&P Capital IQ cuts to hold from buy
* Danone DANO.PA : S&P Capital IQ raises target to 60 euros from 57 euros
* DCC DCC.L : Peel Hunt raises target price to 3745p from 3510p; rating buy
* Drax Group Plc DRX.L : UBS raises target price to 800p from 790p; rating buy
* Dufry DUFN.VX : Jefferies raises price target to Sfr 190 from Sfr 165; rating buy
* easyJet EZJ.L : RBC raises to outperform from sector perform
* Ericsson ERICb.ST : S&P Capital IQ raises target price to Sek 94 from Sek 90; rating hold
* Experian EXPN.L : UBS removes from European Support Services Most Preferred List
* Fortum FUM1V.HE : S&P Capital IQ raises target to 17 euros from 15 euros; rating sell
* Givaudan GIVN.VX : Credit Suisse ups target to Sfr 1555 from Sfr 1500; rating outperform
* Givaudan GIVN.VX : Exane BNP Paribas raises target to Sfr 1430 from Sfr 1410; neutral
* Givaudan GIVN.VX : Nomura raises target price to Sfr 1622 from Sfr 1600; rating buy
* Hermes International HRMS.PA : S&P Capital IQ cuts to hold from buy rating
* Hermes International HRMS.PA : S&P Capital IQ cuts target to 275 euros from 280 euros
* ICAP PLC IAP.L : SocGen cuts price target to 360p from 375p; rating hold
* Investor AB INVEb.ST : Danske Bank raises target to Sek 299 from Sek 277; rating buy
* ISG ISG.L : Jefferies raises price target to 390p; rating buy
* Halma Plc HLMA.L : UBS cuts target price to 600p from 620p; rating neutral
* Hays HAYS.L : UBS adds to European Support Services Most Preferred List
* Hays HAYS.L : Natixis cuts target price to 140p from 170p; rating buy
* Hermes HRMS.PA : Exane BNP Paribas ups target to 290 euros from 276 euros; neutral
* Hochschild Mining HOCM.L : Citigroup raises target price to 116p from 110p; rating sell
* Hugo Boss BOSSn.DE : Exane BNP Paribas ups target to 125 euros from 118 euros; outperform
* Kemira KRA1V.HE : JP Morgan raises target to 12.50 euros from 11.40 euros; rating neutral
* LEG Immobilien LEGn.DE : SocGen starts with a buy; 60 euros target price
* Lloyds Banking LLOY.L : Citigroup cuts price target to 80p from 83p; rating neutral
* L'Oreal SA OREP.PA : Credit Suisse reinstates coverage with outperform; target 140 euros
* Luxottica LUX.MI : Exane BNP Paribas ups target to 42 euros from 40 euros; underperform
* LVMH LVMH.PA : Bernstein cuts target price to 167 euros from 172 euros; rating outperform
* Manitou MANP.PA : SocGen raises target price to 16 euros from 15 euros; rating buy
* Manitou MANP.PA : Natixis raises to buy from neutral
* Melrose Industries MRON.L : UBS cuts target price to 275p from 300p
* Merck MRCG.DE : Berenberg raises price target to 67 euros from 63 euros; rating hold
* Modern Times MTGb.ST : Danske Bank raises target to Sek 290 from Sek 280; rating hold
* Morgan Advanced MGAMM.L : UBS cuts target price to 340p from 370p
* Nordea Bank NDA1V.HE : Credit Suisse cuts target to 10.90 euros from 11.60 euros; neutral
* Norwegian Air Shuttle NWC.OL : Danske Bank cuts target to Nok 120 from Nok 140; sell
* Novatek NVTKq.L : Deutsche Bank cuts to hold from buy
* Nutreco NUO.AS : KBC raises to accumulate from hold
* Orexo ORX.ST : Danske Bank starts with buy rating
* Orkla ORK.OL : Danske Bank raises to hold from sell
* Orkla ORK.OL : UBS raises target price to Nok 64 from Nok 59
* Oxford Instruments OXIG.L : UBS cuts target price to 1500p from 1600p
* Petrofac PFC.L : UBS cuts target price to 1265p from 1360p
* Reckitt Benckiser RB.L : Numis starts with add rating
* Reckitt Benckiser RB.L : Numis starts with target price 5600p
* Richemont CFR.VX : Exane BNP Paribas raises target to Sfr 105 from Sfr 101; outperform
* Rotork Plc ROR.L : UBS cuts target price to 2650p from 2700p; rating neutral
* Salvatore Ferragamo SFER.MI : Exane raises target to 25 euros from 24.60 euros;outperform
* Salvatore Ferragamo SFER.MI : Exane BNP Paribas raises to outperform from neutral rating
* Sandvik SAND.ST : Morgan Stanley raises target to Sek 94 from Sek 92; rating equal-weight
* SAP SAPG.DE : Bryan Garnier cuts fair value to 70 euros from 71 euros; rating buy
* SAP SAPG.DE : Exane BNP Paribas raises target to 58 euros from 56 euros; rating neutral
* SAP SAPG.DE : DZ Bank raises target price to 72 euros from 63 euros; rating buy
* SCA SCAb.ST : S&P Capital IQ raises to buy from hold;target price to Sek 196 from Sek 193
* SGS SGSN.VX : Barclays cuts price target to Sfr 2200 from Sfr 2280; rating equal weight
* SGS SGSN.VX : Jefferies cuts price target to Sfr 2350 from Sfr 2450; rating buy
* SGS SGSN.VX : Helvea cuts price target to Sfr 2250 from Sfr 2330; rating buy
* Skanska AB SKAb.ST : S&P Capital IQ downgrades to sell from hold
* Skanska AB SKAb.ST : S&P Capital IQ raises target to SEK 137 from SEK 125
* Smiths Group Plc SMIN.L : UBS cuts target price to 1170p from 1220p; rating sell
* Spectris SXS.L : UBS cuts target price to 2250p from 2400p
* Spirax-Sarco SPX.L : UBS cuts target price to 3000p from 3250p
* Standard Chartered STAN.L : Deutsche Bank cuts target to 1160p from 1275p; rating hold
* Stellar Diamonds STELD.L : Sanlam raises to buy from hold rating
* Sthree Plc STHR.L : Credit Suisse cuts to neutral from outperform
* Subsea 7 SUBC.OL : UBS raises to buy from neutral
* Svenska Handelsbanken SHBa.ST : Deutsche Bank cuts target to Sek 310 from Sek 315; hold
* Swedbank SWEDa.ST : SocGen raises target price to Sek 175 from Sek 170; rating hold
* Technip TECF.PA : UBS cuts to neutral from buy
* Teliasonera AB TLSN.ST : Natixis raises target to Sek 45 from Sek 43; rating neutral
* Temenos Group TEMN.S : Exane BNP Paribas raises target to Sfr 40 from Sfr 36; outperform
* TGS Nopec TGS.OL : UBS cuts to sell from neutral
* Transmode TRMO.ST : UBS cuts target price to Sek 68 from Sek 82
* Trinity Exploration TRIN.L : FirstEnergy cuts target to 175p from 185p; market perform
* Tullow Oil TLW.L : SocGen cuts price target to 865p from 875p; rating hold
* Volvo AB VOLVb.ST : Baird cuts to neutral rating; target price to Sek 91 from Sek 117
* William Hill WMH.L : UBS cuts target price to 390p from 420p
* YOOX YOOX.MI : Exane BNP Paribas cuts target by 29 pct to 25 euros; rating outperform
(Compiled by Eileen Anupa Soreng, Archana Lakshmi Narasiah and Geetha Panchaksharam in
Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6749
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/