Europe Research Roundup: Amadeus, Carlsberg, Deutsche Lufthansa, Kazakhmys
03/03/2014 16:01
March 3 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Amadeus and Deutsche Lufthansa, on Monday.
HIGHLIGHTS
* Carlsberg A/S CARLb.CO : Berenberg cuts to hold from buy; target to Dkk 615 from Dkk 650
* Amadeus AMA.MC : Natixis cuts to neutral from buy
* Yara International YAR.OL : JP Morgan raises to overweight from neutral
* Deutsche Lufthansa LHAG.DE : Barclays raises to overweight from equal weight
* Kazakhmys KAZ.L : Citigroup raises to buy from neutral ID:nWNAB04BL7
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.
* Acerinox ACX.MC : Deutsche Bank raises target to 5 euros from 4.50 euros; rating sell
* African Barrick Gold ABGL.L : Citigroup raises target to 179p from 120p; rating sell
* AGEAS AGES.BR : ING raises price target to 39 euros from 36 euros; rating buy
* Aggreko PLC AGGK.L : Numis cuts to hold from buy; cuts price target to 1400p from 1870p
* Aggreko Plc AGGK.L : Deutsche Bank cuts to hold from buy
* Air France KLM AIRF.PA : Credit Suisse raises to neutral from underperform
* Air France KLM AIRF.PA : Credit Suisse raises target to 11.05 euros from 8.10 euros
* Amadeus AMA.MC : Natixis cuts to neutral from buy
* Anglo American AAL.L : Citigroup raises target price to 1500p from 1400p; rating neutral
* AstraZeneca PLC AZN.L : BofA Merrill cuts to underperform rating
* Atresmedia A3M.MC : Nomura ups target to 12 euros from 10.75 euros;neutral
* Banco Popolare Sc BAPO.MI : Deutsche Bank raises to buy from hold
* Banco Popolare Sc BAPO.MI : Deutsche Bank raises price target to 2 euros from 1.40 euros
* Bayer AG BAYGn.DE : Natixis raises price target to 113 euros from 108 euros; rating buy
* British American Tobacco BATS.L : UBS cuts price target to 3500p from 3690p; rating buy
* British Polythene Industries BRPI.L : Investec raises target to 720p from 704p; add
* Brunel BRUN.AS : Natixis raises price target to 48 euros from 44 euros; rating neutral
* BT Group PLC BT.L : UBS raises price target to 350p from 290p; rating sell
* Cairn Energy PLC CNE.L : Barclays cuts target to 255p from 370p; rating equal weight
* Carlsberg A/S CARLb.CO : Berenberg cuts to hold from buy; target to Dkk 615 from Dkk 650
* Compass Group CPG.L : Investec raises target price to 1050p from 925p; rating buy
* Coltene Holding CLTN.S : Credit Suisse raises target to Sfr 65 from Sfr 60; outperform
* Croda International CRDA.L : Morgan Stanley ups target to 2850p from 2790p; overweight
* Danone SA DANO.PA : Berenberg cuts target to 50 euros from 50.50 euros; rating sell
* Delta Lloyd DLL.AS : Berenberg raises target to 23.80 euros from 22.30 euros; rating buy
* Deutsche Annington Immobilien ANNGn.DE : Berenberg ups target to 24 euros; rating buy
* Deutsche Lufthansa LHAG.DE : Barclays raises to overweight from equal weight
* Deutsche Lufthansa LHAG.DE : Barclays raises target to 21.50 euros from 16.50 euros
* EDP EDP.LS : Natixis raises to neutral from reduce
* EDP EDP.LS : Natixis raises price target to 3.1 euros from 2.4 euros; rating neutral
* EDP EDP.LS : Credit Suisse raises target to 3.40 euros from 3.30 euros; outperform
* Eiffage SA FOUG.PA : Exane BNP Paribas ups target to 63 euros from 53 euros; outperform
* Elekta EKTAb.ST : UBS cuts to sell from neutral; target price to Sek 75 from Sek 90
* Erste Group Bank ERST.VI : SocGen cuts target to 30 euros from 36 euros; rating buy
* Erste Group Bank ERST.VI : Citigroup raises target to 26 euros from 25 euros; neutral
* Erste Group Bank ERST.VI : UBS cuts target to 26.50 euros fom 29 euros; rating neutral
* Erste Group ERST.VI : Socgen cuts target price to 30 euros from 36 euros; rating buy
* Erste Group ERST.VI : Deutsche Bank cuts price target to 30 euros from 32 euros
* Erste Bank ERST.VI : Credit Suisse cuts target to 30 euros from 31 euros; outperform
* Eurocash EUR.WA : HSBC cuts to neutral from overweight
* Fresenius Medical FMEG.DE : ESN/Equinet Bank cuts target to 58 euros from 61 euros; buy
* Galp Energia GALP.LS : SocGen cuts to hold from buy rating
* Gemfields GEM.L : JP Morgan raises target price to 37p from 36p; rating neutral
* Groupe Fnac FNAC.PA : Raymond James raises target to 38 euros from 24 euros; outperform
* GKN PLC GKN.L : UBS cuts to neutral from buy
* Henderson Group HGGH.L : RBC raises to outperform from sector perform
* Heritage Oil PLC HOIL.L : UBS raises price target to 325p from 245p; rating buy
* Heritage Oil Corp HOIL.L : RBC raises target price to 350p from 300p; rating outperform
* Hermes HRMS.PA : Exane BNP Paribas cuts target to 280 euros; rating neutral
* Holcim Ltd HOLN.VX : Vontobel raises target price to Sfr 80 from Sfr 78; rating buy
* ICAG ICAG.MC : Citigroup raises target price to 7 euros from 6.70 euros; rating buy
* Inditex S.A. ITX.MC : UBS cuts price target to 105 euros form 114 euros; rating neutral
* International Consolidated ICAG.L : Natixis raises target to 430p from 400p; neutral
* Intu Properties INTUP.L : Jeffeies raises price target to 344p from 335p; rating hold
* ITE Group PLC ITE.L : Canaccord Genuity cuts to hold from buy rating
* ITE Group PLC ITE.L : Canaccord Genuity cuts price target to 263p from 315p
* Jupiter Fund Management JUP.L : Berenberg raises target to 430p from 410p; rating hold
* Jupiter Fund Management JUP.L : RBC raises target to 445p from 415p; rating outperform
* Kazakhmys KAZ.L : Citigroup raises to buy from neutral; target price to 350p from 250p
* Keller Group KLR.L : Numis raises target price to 1400p; rating add
* Keller Group KLR.L : Investec raises target price to 1375p from 1300p; rating buy
* Kering SA PRTP.PA : Exane BNP Paribas cuts target to 176 euros from 185 euros; neutral
* Kingfisher KGF.L : UBS raises price target to 420p from 400p; rating neutral
* London Mining LOND.L : Citigroup cuts to neutral; cuts target price to 110p from 160p
* Man Group Plc EMG.L : RBC raises to sector perform from underperform
* MOL MOLB.BU : Wood Group cuts to sell from hold
* Mondi PLC MNDI.L : Barclays raises target price to 1170p from 1080p; rating equal weight
* Mondi PLC MNDI.L : Deutsche Bank raises price target to 1260p from 1200p
* NH Hoteles NHH.MC : UBS raises price target to 5.45 euros from 5 euros; rating buy
* Norsk Hydro NHY.OL : Citigroup raises target price to Nok 31 from Nok 27; rating neutral
* Nyrstar NYR.BR : Citigroup raises to neutral from sell
* Nyrstar NYR.BR : Citigroup raises target price to 3.30 euros from 2.10 euros
* Old Mutual PLC OML.L : UBS raises price target to 200p from 185p; rating neutral
* Pearson PLC PSON.L : Barclays cuts target price to 980p from 1170p; rating equal weight
* Pearson PLC PSON.L : Nomura cuts target price to 980p from 1050p; rating reduce
* Pearson PLC PSON.L : Berenberg cuts target price to 1022p from 1350p; rating hold
* Pearson PLC PSON.L : Natixis cuts price target to 1300p from 1500p; rating buy
* Pearson PLC PSON.L : Exane BNP Paribas cuts target to 1200p from 1400p; outperform
* Pearson PLC PSON.L : Deutsche Bank cuts price target to 875p from 960p
* Pearson PLC PSON.L : Macquarie cuts target price to 900p from 1000p; rating underperform
* Petra Diamonds PDL.L : Citigroup raises target price to 198p from 141p; rating buy
* Polyus Gold International PGIL.L : Citigroup raises to neutral from sell
* PostNL NV PTNL.AS : UBS cuts price target to 4.50 euros from 5 euros; rating buy
* PSP PSPN.S : Deutsche Bank cuts price target to Sfr 86 from Sfr 93
* Prudential PRU.L : UBS raises to buy from neutral; raises target to 1638p from 1280p
* Rallye GENC.PA : Barclays raises target to 28.50 euros from 20 euros; rating underweight
* Red Electrica REE.MC : JP Morgan ups target to 61.30 euros; rating overweight
* Rentokil Initial RTO.L : Jefferies raises price target to 141p from 128p; rating hold
* Restaurant Group RTN.L : Nomura raises target price to 746p from 670p; rating buy
* RIB Software RSTAG.DE : UBS raises price target to 12 euros from 9 euros; rating buy
* Rightmove PLC RMV.L : Deutsche Bank raises price target to 2700p from 2650p
* Rio Tinto Plc RIO.L : Citigroup cuts target price to 3950p from 4200p; rating buy
* Roche Holding ROG.VX : Berenberg cuts target price to Sfr 273 from Sfr 275; rating buy
* RPS Group RPS.L : Jefferies raises price target to 400p from 340p; rating buy
* RSA Insurance Group RSA.L : Citigroup cuts target price to 96p from 100p; rating neutral
* Severstal CHMFq.L : SocGen cuts target price to $10 from $10.50; rating buy
* Signet Group SIG.L : UBS cuts to neutral from buy; raises target to 6000p from 5000p
* Spirent Plc SPT.L : UBS raises price target to 103p from 90p; ratingneutral
* Steria TERI.PA : SocGen raises price target to 16 euros; rating hold
* Steria TERI.PA : Natixis cuts price target to 14.5 euros from 16 euros; rating neutral
* Surgutneftegas (preferred) SNGSyq.L : Barclays starts with overweight rating;target $0.90
* Synthomer SYNTS.L : Numis raises to add from hold rating
* Swiss Life SLHN.VX : Credit Suisse raises target to Sfr 225 from Sfr 200; neutral
* Synthomer PLC SYNTS.L : Deutsche Bank raises target price to 245p from 225p; rating hold
* Taylor Wimpey TW.L : Citigroup raises target price to 131p from 119p; rating neutral
* Telefonica Czech SPTT.PR : JP Morgan raises target to CZk 340 from CZk 320; neutral
* Telefonica SA TEF.MC : S&P Capital IQ cuts target to 12.50 euros; rating hold
* Thorntons PLC THT.L : Panmure cuts to hold from buy
* Thorntons PLC THT.L : Investec raises target price to 173p from 161p; rating buy
* UBM PLC UBM.L : Berenberg cuts to hold from buy; price target to 720p from 765p
* UBM PLC UBM.L : Investec raises target price to 760p From 750p; rating buy
* UNIQA Insurance Group UNIQ.VI : Nomura ups target to 10 euros from 9.50 euros; neutral
* USG People USGP.AS : Natixis raises target price to 15 euros from 11 euros; rating buy
* Vertu Motors VTU.L : Panmure raises price target to 87p from 77p
* Wienerberger WBSV.VI : Citigroup raises target to 16.50 euros from 13.50 euros; buy
* WPP PLC WPP.L : Pivotal Research cuts target price to 1200p from 1320p; rating hold
* Xchanging PLC XCH.L : Cantor Fitzgerald cuts target price to 185p from 200p; rating hold
* Yara International YAR.OL : JP Morgan raises to overweight from neutral
* Yara International YAR.OL : JP Morgan raises target price to Nok 290 from Nok239
* Zodiac ZODC.PA : Deutsche Bank revises target to 24 euros from 118 euros; rating hold
* Zurich Airport FHZN.S : Vontobel raises to buy; target price to Sfr 640 from Sfr 500
(Compiled by Saqib Iqbal Ahmed and Archana Lakshmi Narasiah in Bangalore)
((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749
1130)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/