EUROPE RESEARCH ROUNDUP: Alcatel Lucent, Allianz, Telecity

Calida Holding AG

05/11/2012 16:31

Nov 5 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Telecity Group, BNP Paribas and Ryanair, on Monday.  
     
    HIGHLIGHTS 
    * Alcatel Lucent   : Bernstein cuts rating; Nomura, Credit Suisse cut target price 
    * Allianz   , others: Credit Suisse revises target price    
    * BNP Paribas   , others: Morgan Stanley raises target price    
    * Ryanair   : Investec, Davy Research raise target on the stock 
    * Telecity Group   : Numis cuts rating; Canaccord Genuity raises target on the stock  
       
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
     
    * Addex Therapeutics   : Jefferies raises target to 22 Sfr from 18; rating buy 
    * Aegis Group   : Liberum cuts to hold from buy 
    * Aker Solutions   : Barclays raises target to 130 Nok from 125; rating underweight 
    * Alcatel Lucent   : Nomura cuts target price to 0.74 euros from 0.86; rating neutral 
    * Alcatel Lucent   : Bernstein cuts to underperform from market-perform 
    * Alcatel Lucent   : Credit Suisse cuts target to 0.70 euros from 0.75 
    * Allianz   : Credit Suisse raises target to 109 euros from 104.60; rating outperform 
    * Atos   : HSBC raises target price to 55 euros from 43; rating neutral 
    * Banca Generali   : ESN/Banca Akros cuts to hold from accumulate 
    * Banco Santander   : SocGen cuts target price to 5.2 euros from 5.6; rating hold 
    * Beiersdorf   : SocGen raises target price to 63 euros from 61; rating hold 
    * Beiersdorf   : Commerzbank raises target to 70 euros from 60; rating buy 
    * Beiersdorf   : ESN/Equinet Bank cuts to sell from hold 
    * BNP Paribas   : Morgan Stanley raises target to 45 euros from 39.90 
    * Brewin Dolphin Holdings   : RBC raises target to 210p from 170p; rating outperform 
    * Cairn Energy   : SocGen raises target price to 290p from 280p; rating hold 
    * Calida   : Vontobel raises target price to 28 Sfr from 25 
    * Capital & Counties Properties   : Jefferies cuts to hold from buy 
    * Clinigen Group   : Numis starts with buy rating; price target of 240p 
    * Credit Agricole   : Morgan Stanley raises target to 7.41 euros from 6.40 
    * Derwent London   : Jefferies raises target price to 2,005p from 1,849p; rating hold 
    * Dno International   : RBC raises to outperform from sector perform 
    * Fresenius Medical Care AG & Co   : SocGen cuts target to 70.4 euros from 76 
    * Fresenius Medical Care   : ESN/Equinet Bank raises to accumulate from hold 
    * Generali   : Credit Suisse raises target to 12.68 euros from 12.57 
    * Glanbia   : Berenberg Bank raises target price to 8.65 euros from 6.90; rating buy 
    * Halkbank   : Barclays raises target to 16.80 tl from 16.30; rating equal weight 
    * Iliad   : JP Morgan raises to overweight from neutral; target to 155 euros from 140  
    * Meggitt   : Jefferies raises price target to 365p from 300p; rating hold 
    * Millennium & Copthorne Hotels   : Credit Suisse cuts to neutral from outperform 
    * MTG   : SEB Enskilda raises to buy from hold 
    * Natixis   : Morgan Stanley raises target to 2.68 euros from 2.30;rating equalweight 
    * Old Mutual   : Barclays cuts target price to 170p From 180p; rating equal weight 
    * Oriflame Cosmetics   : Credit Suisse cuts to underperform from neutral 
    * Ossur   : Jefferies cuts target price to 7.70 Dkk from 8.80; rating hold 
    * Pennon Group   : Deutsche Bank cuts to hold from buy; target to 720P from 800P 
    * Prosiebensat 1 Media   : Credit Suisse raises target to 26 euros from 21 
    * Prudential   : Morgan Stanley raises target to 977p from 880p; rating overweight 
    * PZU SA   : Credit Suisse raises target price to 380 Pln from 370; rating neutral 
    * Qiagen   : S&P Capital IQ raises to buy from hold; target to 16 euros from 14  
    * Roche   : Vontobel raises target price to 211 Sfr from 187; rating buy 
    * Royal Bank of Scotland   : SocGen raises target by 10 percent to 330p; rating buy 
    * Ryanair   : Davy Research raises target to 5.5 euros from 5; rating outperform 
    * Ryanair   : Investec raises target price to 5 euros from 4.40; rating hold 
    * Saipem   : Canaccord Genuity cuts target to 38.50 euros from 44; rating hold 
    * SDL   : Canaccord Genuity raises to buy from hold 
    * Severn Trent   : Deutsche Bank cuts target price to 1500p from 1700p; rating hold 
    * Sandvik   : Nomura cuts target price to 97 Sek from 105 
    * Spirent Communications   : Jefferies cuts target price to 169p from 199p; rating buy 
    * SuperGroup   : Panmure raises target price to 662p from 550p; rating hold 
    * Svenska Handelsbanken   : Credit Suisse raises to neutral from underperform 
    * Telecity Group   : Numis cuts to hold from add 
    * Telecity Group   : Canaccord Genuity raises target to 820p from735p; rating hold 
    * Telefonica Deutschland   : Barclays starts with overweight rating 
    * The Sage Group   : Numis raises to add from hold 
    * TUI AG   : Berenberg Bank raises target price to 9 euros from 7; rating buy 
    * Unilever   : Nomura raises target price to 26.10 euros from 25; rating reduce 
    * Vienna Insurance   : Credit Suisse cuts target to 38.20 euros from 40.60 
    * Voestalpine   : Nomura cuts target price to 23 euros from 24; rating neutral 
    * Wendel   : SocGen raises target price to 77.5 euros from 76; rating hold 
    * William Hill   : UBS cuts to neutral from buy; raises target price to 360p from 315p 
    * WM Morrison Supermarkets   : Investec cuts target to 260p from 295p; rating hold  
     
  ((Compiled by Shubham Singhal; Bangalore Newsroom +91 80 4135 5800; within  
U.S. +1 646 223 8780))   
 
 
Keywords: RESEARCH EUROPE/