Europe Research Roundup: Volkswagen, Fresenius Medical, Heineken
11/08/2014 19:23
Aug 11 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Carlsberg, British Land and Banco Popolare, on Monday.
HIGHLIGHTS
* Volkswagen AG VOWG_p.DE : Goldman Sachs cuts to sell from neutral
* Heineken NV HEIN.AS : RBC raises to outperform from sector perform ID:nWNAB04JFQ
* Banco Popolare BAPO.MI : ESN/Banca Akros, Exane BNP Paribas upgrade the stock
* European REITs: Liberum raises Unibail-Rodamco UNBP.AS to buy ID:nWNAB04JEB
* Aer Lingus AERL.I : Goldman Sachs raises to buy rating
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Aer Lingus AERL.I : Goldman Sachs raises to buy; price target to 1.90 euro from 1.55 euro
* Africa Oil AOIC.ST : Swedbank cuts target price to Sek 80 from Sek 90; rating strong buy
* Allianz SE ALVG.DE : Berenberg raises target to 153 euros from 152 euros; rating buy
* Astrazeneca AZN.L : Jefferies cuts price target to 4500p from 4790p; rating hold
* Banca MPS BMPS.MI : SocGen cuts to sell from hold
* Banco Popolare BAPO.MI : ESN/Banca Akros raises to accumulate from hold
* Banco Popolare BAPO.MI : ESN/Banca Akros cuts target price to 12 euros from 14 euros
* Banco Popolare BAPO.MI : Exane BNP Paribas raises to outperform from neutral
* Banco Popolare BAPO.MI : Exane BNP Paribas cuts target to 13.2 euros from 13.8 euros
* Banco Popolare BAPO.MI : SocGen cuts target price to 9.2 euros from 11 euros; rating sell
* Banca Popolare di Milano PMII.MI : SocGen cuts target to 0.7 euro from 0.78 euro; buy
* Beazley BEZG.L : RBC Capital Markets starts with outperform rating; price target 270p
* Brenntag BNRGn.DE : Exane BNP Paribas cuts target to 48 euros from 50 euros; outperform
* Brit BRIT.L : RBC Capital Markets starts with sector perform rating; price target 250p
* British Land BLND.L : Liberum raises to buy from hold
* CapMan CPMBV.HE : ESN/Pohjola cuts to hold from accumulate
* CapMan CPMBV.HE : ESN/Pohjola cuts target price to 1.15 euro from 1.25 euro
* Carlsberg CARLb.CO : RBC cuts to sector perform from outperform
* Carlsberg CARLb.CO : RBC cuts target price to Dkk 500 from Dkk 640
* Catlin Group CGL.L : Canaccord Genuity raises target price to 560p from 555p; rating buy
* Caverion CAV1V.HE : Berenberg cuts target to 7.30 euros from 9.10 euros; rating hold
* Cobham Plc COB.L : Barclays cuts price target to 300p from 315p; rating equal weight
* Coltene CLTN.S : Vontobel raises price target to Sfr 56 from Sfr 47; rating hold
* Commerzbank CBKG.DE : S&P Capital IQ cuts target to 11.5 euros form 14.5 euros; hold
* Credito Valtellinese PCVI.MI : Exane cuts target to 1.25 euros from 1.35 euros;outperform
* Deutsche Telekom DTEGn.DE : Jefferies cuts target to 11.80 euros from 12.20 euros; hold
* Deutsche Post DPWGn.DE : RBC cuts target to 30 euros from 31 euros; rating outperform
* Digia DIG1V.HE : ESN/Pohjola raises to buy from accumulate
* Digia DIG1V.HE : ESN/Pohjola cuts target price to 4 euros from 4.50 euros
* Drax Group Plc DRX.L : UBS cuts to neutral from buy; cuts price target to 680p from 800p
* Euronext ENX.PA : UBS raises to neutral from sell
* Euronext ENX.PA : UBS raises price target to 18.30 euros from 17.90 euros
* Fresenius FREG.DE : Barclays adjusts target to 40euros from 96.60euros after stock split
* Fresenius FREG.DE : Credit Suisse raises target to 38.5 euros from 36.67 euros; neutral
* Fresenius FREG.DE : SocGen raises target price to 50.1 euros from 48 euros; rating buy
* Fresenius Medical FMEG.DE : Credit Suisse ups target to 59 euros from 56 euros;outperform
* Fresenius Medical FMEG.DE : SocGen raises to buy from hold
* Fresenius Medical FMEG.DE : SocGen raises target price to 70 euros from 50 euros
* GFT Technologies GFTG.DE : ESN/Equinet Bank cuts target to 10.20 euros from 11.20 euros
* GlaxoSmithKline GSK.L : Jefferies cuts price target to 1385p from 1460p; rating hold
* Heineken NV HEIN.AS : RBC raises to outperform from sector perform
* Heineken NV HEIN.AS : RBC raises target price to 62 euros from 59 euros
* Holcim Ltd HOLN.VX : UBS cuts price target to Sfr 85 from Sfr 90; rating buy
* Ima IMAI.MI : ESN/Banca Akros raises to accumulate from hold
* Interroll Holding AG INRN.S : Helvea cuts price target to Sfr 540 from Sfr 570
* Italcementi ITAI.MI : UBS cuts target price to 5.50 euros from 6.70 euros; rating neutral
* Jenoptik JENG.DE : ESN/Equinet Bank cuts target to 13.50 euros from 15 euros; rating buy
* Jeronimo Martins JMT.LS : ESN/Caixa-Banco cuts target to 13.60 euros from 16.30 euros
* KBC Group KBC.BR : Exane BNP Paribas ups target by 4 pct to 50 euros; rating outperform
* Klepierre SA LOIM.PA : Liberum raises to hold from sell
* Lancashire Holdings LRE.L : RBC Capital Markets starts with outperform; target 700p
* Merlin Entertainments MERL.L : Jefferies cuts price target to 420p from 425p; rating buy
* NLMK NLMK.MM : Barclays raises to overweight
* NN Group NN.AS : Credit Suisse starts with outperform rating; target price of 24.5 euros
* NN Group NN.AS : RBC starts with outperform; price target 24 euros
* NN Group NN.AS : JP Morgan starts with overweight; price target 24.74 euros
* NN Group NN.AS : Morgan Stanley starts with equal weight; price target 22.10 euros
* Nokian Renkaat NRE1V.HE : Exane cuts target to 22 euros from 29.50 euros; underperform
* Nokian Tyres NRE1V.HE : Credit Suisse cuts target to 28.80 euros from 30.60 euros;neutral
* Nokian Tyres NRE1V.HE : ESN/Pohjola raises to accumulate from hold
* Nokian Tyres NRE1V.HE : ESN/Pohjola cuts target price to 26.50 euros from 28 euros
* NOS NOS.LS : Credit Suisse assumes coverage with outperform rating
* Novo Nordisk NOVOb.CO : SocGen raises target price to Dkk 188 from Dkk 175; rating sell
* Rhoen Klinikum RHKG.DE : ESN/Equinet Bank cuts price target to 25 euros from 26.20 euros
* Rio Tinto RIO.L : Canaccord Genuity raises price target to 4165p from 4145p; rating buy
* Roche ROG.VX : Jefferies cuts price target to Sfr 295 from Sfr 305; rating buy
* SAFILO SFLG.MI : Berenberg cuts price target to 19.20 euros from 19.50 euros; rating buy
* Safran SA SAF.PA : Berenberg cuts price target to 58.5 euros from 62.5 euros; rating buy
* Saras SRS.MI : UBS cuts price target to 0.88 euros from 0.95 euros; rating neutral
* Spirax-Sarco SPX.L : Investec cuts to add from buy
* Stada Arzneimittel STAGn.DE : DZ Bank cuts target to 29 euros from 33.50 euros; hold
* Standard Life SL.L : Credit Suisse cuts target price to 410p from 425p; rating outperform
* Swiss Re AG SRENH.VX : DZ Bank cuts target to 69.00 euros from 73.00 euros; rating sell
* TUI Travel TT.L : Natixis cuts target price to 395p from 430p; rating neutral
* Unibail-Rodamco UNBP.AS : Liberum raises to buy from hold
* VIB Vermoegen VIHG.DE : ESN/Equinet Bank raises price target to 14.50 euros from 14 euros
* Volkswagen AG VOWG_p.DE : Goldman Sachs cuts to sell from neutral
* Volkswagen AG VOWG_p.DE : Goldman Sachs cuts price target to 179 euros from 215 euros
(Compiled by Rachel Chitra, Eileen Anupa Soreng and Jai Ganesh in Bangalore)
((rachel.chitra@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 67496149;
Reuters Messaging: rachel.chitra.reuters.com@reuters.net))
Keywords: RESEARCH EUROPE/