Europe Research Roundup: Bodycote, Drax Group, Lookers

Centiel AG

21/03/2019 06:50

March 21 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Bodycote, Drax Group and Lookers, on Thursday. 
    
  HIGHLIGHTS
     * Bodycote Plc  BOY.L : Berenberg cuts to hold from buy
     * Drax Group Plc  DRX.L : Credit Suisse cuts to underperform from outperform
     * Lookers Plc  LOOK.L : J.P. Morgan cuts to neutral from overweight
     * Merlin Entertainments Plc  MERL.L : Berenberg cuts to sell from hold
     * Munich Re  MUVGn.DE : Jefferies cuts to hold from buy
          
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.            
     * Akka Technologies SE  AKA.PA : Invest Securities raises PT to EUR 66 from EUR 62; neutral
     * Akka Technologies SE  AKA.PA : Portzamparc raises PT to EUR 70.5 from EUR 70.3; rating buy
     * Allianz SE  ALVG.DE : Credit Suisse raises target price to EUR 235 from EUR 230
     * Assura Plc  AGRP.L : J.P. Morgan initiates with neutral rating; 60p price target
     * Basware Oyj  BAS1V.HE : Inderes cuts target to EUR 27.0 from EUR 35.0; rating increase
     * Bayer AG  BAYGn.DE : CFRA cuts target price to EUR 68 from EUR 75
     * Bellway Plc  BWY.L : J.P. Morgan cuts target price to 3,900p from 4,100p
     * BMW  BMWG.DE : Independent Research cuts PT to EUR 76.00 from EUR 79.00; rating hold
     * Bodycote Plc  BOY.L : Berenberg cuts to hold from buy
     * Care Property Invest NV  CPINV.BR : KBC cuts to hold from accumulate
     * Care Property Invest NV  CPINV.BR : Kepler Cheuvreux raises PT to 24 euros from 22 euros
     * Crest Nicholson Holdings Plc  CRST.L : JP Morgan cuts target price to 400p from 440p
     * CTS Eventim  EVDG.DE : Kepler Cheuvreux raises target price to 43.5 euros from 41 euros
     * Daimler AG  DAIGn.DE : HSBC raises price target to EUR 46 from EUR 45
     * Drax Group Plc  DRX.L : Credit Suisse cuts target price to 325p from 420p
     * Drax Group Plc  DRX.L : Credit Suisse cuts to underperform from outperform
     * Empiric Student Property Plc  ESP.L : Jefferies cuts price target to 100p from 105p
     * Empiric Student Property Plc  ESP.L : Jefferies cuts to hold from buy
     * Enel Russia  ENRU.MM : VTB Capital Decreases PT to RUB 1.24 from 1.40; reiterates buy
     * Essilorluxottica SA  ESLX.PA : Kepler Cheuvreux cuts PT to 120 euros from 125 euros
     * Euronext NV  ENX.PA : ING raises target price to EUR 65 from EUR 64
     * Fuchs Petrolub SE  FPEG_P.DE : Independent Research cuts PT to EUR 39.00; rating hold
     * G4S Plc  GFS.L : Jefferies cuts target price to 260p from 270p
     * Gamma Communications  GAMA.L : Jefferies initiates coverage with buy rating; 1130p TP
     * Gazprom  GAZPq.L : JP Morgan raises target price to $5.60 from $5.10
     * Genel Energy Plc  GENL.L : Canaccord Genuity cuts price target to 315p from 325p
     * Genel Energy Plc  GENL.L : Canaccord Genuity cuts to speculative buy from buy
     * Halma Plc  HLMA.L : Credit Suisse raises target price to 1770p from 1620p
     * Hermes  HRMS.PA : Berenberg raises target price to EUR 529 from EUR 510
     * Hermes  HRMS.PA : Bryan Garnier cuts to neutral from buy
     * Hermes  HRMS.PA : Bryan Garnier raises fair value to EUR 555 from EUR 535
     * Hochdorf Holding AG  HOCN.S : Credit Suisse cuts price target to SFR 95 from SFR 105
     * ING Groep NV  INGA.AS : RBC raises to outperform from sector perform
     * Inmarsat Plc  ISA.L : HSBC raises price target to 470p from 420p
     * Inmarsat Plc  ISA.L : Jefferies cuts target price to 890p from 1,000p
     * Inter Rao  IRAO.MM : VTB Capital Increases TP to RUB 8.70 from RUB 8.40; reiterates buy
     * Jungheinrich AG  JUNG_p.DE : Kepler Cheuvreux raises PT to 25 euros from 22 euros
     * Kier Group Plc  KIE.L : Canaccord Genuity cuts price target to 510p from 525p
     * Korian  KORI.PA : Berenberg raises target price to EUR 42 from EUR 40
     * Lanxess AG  LXSG.DE : Berenberg cuts price target to EUR 53.50 from EUR 55
     * Lanxess AG  LXSG.DE : Berenberg raises to hold from sell
     * Lastminute.Com NV  LMN.S : Kepler Cheuvreux raises to buy from hold
     * Lookers Plc  LOOK.L : J.P. Morgan cuts price target to 98p from 129p
     * Lookers Plc  LOOK.L : J.P. Morgan cuts to neutral from overweight
     * Maisons France Confort  MFCP.PA : Midcap Partners raises TP to EUR 53 from EUR 52; buy
     * Mauna Kea Technologies Sas  MKEA.PA : Kepler Cheuvreux cuts PT to 1.5 euros from 2 euros
     * Merlin Entertainments Plc  MERL.L : Berenberg cuts target price to 315p from 340p
     * Merlin Entertainments Plc  MERL.L : Berenberg cuts to sell from hold
     * Mosenergo PAO  MSNG.MM : VTB Capital ups TP to RUB 1.77 from RUB 1.55; reiterates sell
     * Munich Re  MUVGn.DE : Jefferies cuts to hold from buy
     * Munich Re  MUVGn.DE : Jefferies raises price target to EUR 212 from EUR 205
     * Nextstage SCA  NEXTS.PA : Portzamparc ups TP to EUR 105 from EUR 100.8; rating accumulate
     * Ogk-2 PAO  OGKB.MM : VTB Capital Increases TP to RUB 0.53 from RUB 0.45; reiterates buy
     * Opap  OPAr.AT : Euroxx Securities raises target price to EUR 11.70 from EUR 10.80
     * Orange Belgium SA  OBEL.BR : Credit Suisse raises target price to EUR 21 from EUR 18
     * Orpea SA  ORP.PA : Portzamparc cuts PT to EUR 121.0 from EUR 138.0 ; rating buy
     * Pendragon Plc  PDG.L : J.P. Morgan raises target price to 26p from 21p
     * Porsche SE  PSHG_P.DE : Independent Research cuts PT to EUR 60.00 from EUR 61.00; hold 
     * Porsche SE  PSHG_p.DE : UBS cuts price target to 79 euros from 80 euros
     * Poste Italiane  PST.MI : Kepler Cheuvreux raises PT to 9.1 euros from 8.6 euros
     * Primary Health Properties Plc  PHP.L : Jefferies raises PT to 142p from 127p; rating buy
     * Rushydro  HYDR.MM : VTB Capital Decreases TP to RUB 0.68 from RUB 0.71; reiterates buy
     * Sequana Medical NV  SEQUA.BR : KBC starts with buy; target price EUR 10.0
     * SES SA  SESFd.PA : Jefferies cuts target price to EUR 25 from EUR 27
     * Sopheon Plc  SPHN.L : Finncap raises target price to 1500p from 1400p
     * Taptica International Ltd  TAP.L : Berenberg cuts target price to 300p from 340p
     * Transgene SA  TRNG.PA : Kepler Cheuvreux raises PT to 4.9 euros from 4.6 euros
     * UBS Group AG  UBSG.S : Barclays cuts target price to SFR 12.50 from SFR 13.50
     * UBS Group AG  UBSG.S : JP Morgan cuts target price to SFR 15 from SFR 16
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))