Europe Research Roundup: Novatek, Alstom, Merck, Continental
18/07/2014 08:28
July 18 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Alstom, Nutreco and Merck, on Friday.
HIGHLIGHTS
* Novatek NVTKq.L : Deutsche Bank cuts to hold from buy
* Alstom ALSO.PA : UBS raises to buy from neutral
* Nutreco NUO.AS : KBC raises to accumulate from hold
* Merck MRCG.DE : Berenberg raises price target to 67 euros from 63 euros; rating hold
* Continental CONG.DE : Berenberg starts with buy rating; price target 200 euros
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.
* Alstom ALSO.PA : UBS raises to buy from neutral
* BB Biotech BIONn.DE : ESN/Equinet Bank raises target to 164 euros from 156 euros; buy
* Berendsen BRSN.L : UBS adds to European Support Services Most Preferred List
* 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
* Casa CAGR.PA : UBS cuts target price to 12.6 euros from 12.9 euros
* 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
* Danone DANO.PA : Jefferies raises price target to 51 euros from 47 euros; rating hold
* Dufry DUFN.VX : Jefferies raises price target to Sfr 190 from Sfr 165; rating buy
* Experian EXPN.L : UBS removes from European Support Services Most Preferred List
* Givaudan GIVN.VX : Credit Suisse ups target to Sfr 1555 from Sfr 1500; rating outperform
* ICAP PLC IAP.L : SocGen cuts price target to 360p from 375p; rating hold
* ISG ISG.L : Jefferies raises price target to 390p; rating buy
* 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
* Hochschild Mining HOCM.L : Citigroup raises target price to 116p from 110p; rating sell
* 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
* 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
* Merck MRCG.DE : Berenberg raises price target to 67 euros from 63 euros; rating hold
* Nutreco NUO.AS : KBC raises to accumulate from hold
* Novatek NVTKq.L : Deutsche Bank cuts to hold from buy
* 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
* 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
* Teliasonera AB TLSN.ST : Natixis raises target to Sek 45 from Sek 43; rating neutral
* Tullow Oil TLW.L : SocGen cuts price target to 865p from 875p; rating hold
* YOOX YOOX.MI : Exane BNP Paribas cuts target by 29 pct to 25 euros; rating outperform
(Compiled by Eileen Anupa Soreng and Archana Lakshmi Narasiah 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/