Europe Research Roundup: Bureau Veritas, Deutsche Telekom, Intertek
27/03/2020 07:33
March 27 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Bureau Veritas, Deutsche Telekom AG and Intertek on Friday.
HIGHLIGHTS
* Bureau Veritas BVI.PA : Deutsche Bank cuts to hold from buy
* Deutsche Lufthansa AG LHAG.DE : Berenberg cuts to hold from buy
* Deutsche Telekom AG DTEGn.DE : Berenberg raises to hold from sell
* Electrocomponents ECM.L : Credit Suisse cuts to underperform from neutral
* Intertek ITRK.L : Deutsche Bank cuts to hold from buy
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* Aeroflot AFLT.MM : VTB Capital cuts target price by 33% to RUB 100, buy maintained
* Afc Ajax NV AJAX.AS : Berenberg cuts target price to EUR 20 from EUR 32
* Air France-KLM AIRF.PA : Berenberg cuts to hold from buy, cuts TP to EUR 7 from EUR 12
* Akka Technologies AKA.PA : Berenberg cuts target price to EUR 62 from EUR 78
* Alfen NV ALFEN.AS : Berenberg cuts target price to EUR 27 from EUR 34.5
* Allianz SE ALVG.DE : JP Morgan cuts target price to EUR 195 from EUR 240
* Allianz SE ALVG.DE : RBC cuts target price to EUR 165 from EUR 219
* Alten SA LTEN.PA : Berenberg raises to buy from hold; cuts TP to EUR 90 from EUR 116
* Amg Advanced Metallurgical Group NV AMG.AS : Berenberg cuts TP to EUR 20 from EUR 30
* Assa Abloy AB ASSAb.ST : Berenberg cuts target price to SEK 200 from SEK 225
* Atlas Copco AB ATCOa.ST : Berenberg cuts target price to SEK 370 from SEK 415
* Avidly AVIDLY.HE : Inderes raises to reduce from sell; cuts TP to EUR 1.90 from EUR 3.80
* AXA AXAF.PA : JP Morgan cuts target price to EUR 22.51 from EUR 29.42
* AXA AXAF.PA : RBC cuts target price to EUR 24 from EUR 28.5
* Balfour Beatty Plc BALF.L : Berenberg cuts target price to 290p from 350p
* Banca Generali BGN.MI : JP Morgan cuts target price to EUR 15 from EUR 18
* Barclays BARC.L : Jefferies cuts target price to 206p from 252p
* Barco NV BAR.BR : Berenberg cuts target price to EUR 175 from EUR 275
* Barratt BDEV.L : Berenberg cuts target price to 540p from 890p
* Basic Fit NV BFIT.AS : Berenberg cuts target price to EUR 20 from EUR 34
* Beazley Plc BEZG.L : RBC cuts target price to 525p from 675p
* Bellway Plc BWY.L : Berenberg cuts target price to 2710p from 4220p
* Besi BESI.AS : Berenberg ups to buy from hold; cuts target price to EUR 33 from EUR 45
* Boostheat Sas BOOST.PA : Berenberg cuts target price to EUR 13 from EUR 19.5
* Boskalis BOSN.AS : Berenberg cuts to hold from buy; cuts TP to EUR 17.5 from EUR 28
* Breedon Group Plc BREE.L : Berenberg cuts target price to 85p from 105p
* BT BT.L : Berenberg cuts target price to 130p from 175p
* Bucher Industries AG BUCN.S : Berenberg cuts target price to CHF 390 from CHF 440
* Burberry BRBY.L : Credit Suisse cuts target price to 1,700p from 2,600p
* Bureau Veritas BVI.PA : Deutsche Bank cuts to hold from buy
* Bvb BVB.DE : Berenberg cuts target price to EUR 8.5 from EUR 12
* CA Immobilien Anlagen AG CAIV.VI : Deutsche Bank ups price target to EUR 50 from EUR 44
* Centrica CNA.L : Berenberg cuts target price to 50p from 85p
* Cerved Group SpA CERV.MI : Berenberg cuts target price to EUR 6.5 from EUR 9
* CFE CFEB.BR : Berenberg cuts target price to EUR 70 from EUR 97.5
* Chargeurs SA CRIP.PA : Berenberg cuts target price to EUR 16.5 from EUR 24
* Cineworld Group CINE.L : Berenberg cuts to hold from buy, cuts TP to 70p from 300p
* Compagnie Des Alpes SA CDAF.PA : Berenberg cuts target price to EUR 25 from EUR 39.4
* Corticeira Amorim SA CORA.LS : Berenberg cuts target price to EUR 10 from EUR 13
* Countryside Properties Plc CSPC.L : Berenberg cuts target price to 360p from 590p
* Crest Nicholson Holdings Plc CRST.L : Berenberg cuts target price to 210p from 420p
* Dalata Hotel Group Plc DHG.I : Berenberg cuts target price to 490p from 625p
* De' Longhi SpA DLG.MI : Berenberg cuts target price to EUR 16.5 from EUR 23
* Deutsche Lufthansa AG LHAG.DE : Berenberg cuts to hold from buy
* Deutsche Lufthansa AG LHAG.DE : Berenberg cuts target price to EUR 12 from EUR 18
* Deutsche Telekom AG DTEGn.DE : Berenberg raises to hold from sell
* Deutsche Telekom AG DTEGn.DE : Berenberg cuts target price to EUR 12 from EUR 12.70
* Deutsche Wohnen SE DWNG.DE : RBC cuts target price to EUR 42 from EUR 43
* Dometic Group AB (Publ) DOMETIC.ST : Berenberg cuts target price to SEK 52 from SEK 118
* Dovalue SpA DOVA.MI : Berenberg cuts target price to EUR 9 from EUR 15.5
* E.ON SE EONGn.DE : Berenberg cuts target price to EUR 9.40 from EUR 10
* EasyJet EZJ.L : Berenberg cuts target price to 900p from 1480p
* Electrocomponents ECM.L : Credit Suisse cuts to underperform from neutral
* Electrocomponents ECM.L : Credit Suisse cuts target price to 375p from 625p
* Elementis Plc ELM.L : Jefferies cuts target price to 55p from 153p
* Elis SA ELIS.PA : Berenberg cuts target price to EUR 11.5 from EUR 19
* Elisa Oyj ELISA.HE : Berenberg raises to buy from hold; cuts Tp to EUR 58 from EUR 60.80
* Engie SA ENGIE.PA : Berenberg cuts target price to EUR 13 from EUR 18
* Eurazeo EURA.PA : Berenberg cuts target price to EUR 58 from EUR 76
* Fagron NV FAGRO.BR : Berenberg cuts target price to EUR 22 from EUR 26
* Ferguson FERG.L : Berenberg cuts target price to 5600p from 6000p
* Flatex AG FTKG.DE : Berenberg cuts target price to EUR 36 from EUR 38
* Fortum Oyj FORTUM.HE : Berenberg cuts target price to EUR 23 from EUR 25
* Freenet AG FNTGn.DE : Berenberg cuts target price to EUR 16.50 from EUR 18
* Fuller Smith & Turner Plc FSTA.L : Berenberg cuts target price to 850p from 1300p
* Geberit AG GEBN.S : Berenberg cuts target price to CHF 380 from CHF 420
* Grafton Group Plc GFTU_u.L : Berenberg cuts target price to 670p from 1060p
* Greenyard NV GREENY.BR : Berenberg raises target price to EUR 5.4 from EUR 5.3
* Greggs Plc GRG.L : Berenberg cuts target price to 1700p from 1780p
* Grupo Ezentis SA EZEN.MC : Berenberg cuts target price to EUR 0.45 from EUR 0.75
* GTT GTT.PA : Berenberg cuts target price to EUR 100 from EUR 119
* Gym Group Plc GYM.L : Berenberg cuts target price to 220p from 330p
* Hannover Rueck SE HNRGn.DE : RBC cuts target price to EUR 150 from EUR 155
* HHLA HHFGn.DE : Jefferies cuts target price to EUR 20 from EUR 28
* Hiscox Ltd HSX.L : RBC cuts target price to 1075p from 1400p
* Hollywood Bowl Group Plc BOWL.L : Berenberg cuts target price to 210p from 310p
* Howden Joinery Group Plc HWDN.L : Berenberg cuts target price to 530p from 630p
* IAG ICAG.L : Berenberg cuts target price to 450p from 620p
* Ibstock Plc IBST.L : Berenberg cuts target price to 200p from 290p
* Ihg IHG.L : Citigroup raises price target to 2800p from 2570p
* Iliad ILD.PA : Berenberg cuts target price to EUR 160 from EUR 175
* Instone Real Estate Group AG INS2.DE : Jefferies cuts target price to EUR 21 from EUR 32
* Intertek ITRK.L : Deutsche Bank cuts to hold from buy
* IWG Plc IWG.L : Credit Suisse cuts target price to 238p from 515p
* J D Wetherspoon Plc JDW.L : Berenberg cuts target price to 1200p from 1750p
* Jeronimo Martins SA JMT.LS : Berenberg raises target price to EUR 17 from EUR 16.5
* Juventus Fc SpA JUVE.MI : Berenberg cuts target price to EUR 0.6 from EUR 0.8
* Kendrion NV SVEL.AS : Berenberg cuts to hold from buy; cuts TP to EUR 12 from EUR 28
* Kinepolis Group NV KIPO.BR : Berenberg cuts target price to EUR 45 from EUR 64
* Kingspan Group Plc KSP.I : Berenberg cuts target price to EUR 53 from EUR 64
* Knorr Bremse AG KBX.DE : Berenberg raises target price to EUR 84 from EUR 83
* Kone Oyj KNEBV.HE : Berenberg raises to hold from sell; cuts TP to EUR 45 from EUR 48
* Koninklijke Ahold Delhaize NV AD.AS : Berenberg raises to hold from sell
* Koninklijke Ahold Delhaize NV AD.AS : Berenberg raises TP to EUR 19.6 from EUR 18.8
* Korian KORI.PA : Berenberg cuts target price to EUR 43 from EUR 48
* Lancashire Holdings Ltd LRE.L : RBC cuts target price to 775p from 875p
* Mail.Ru Group MAILRq.L : Renaissance Capital upgrades to buy from hold
* Mail.Ru Group MAILRq.L : Renaissance Capital upgrades to cuts Tp to $20 from $25 previously
* Maisons Du Monde SA MDM.PA : Berenberg cuts target price to EUR 11.5 from EUR 25.5
* Marel HF MAREL.AS : Berenberg cuts target price to EUR 4 from EUR 5
* Marshalls Plc MSLH.L : Berenberg cuts target price to 600p from 740p
* Marston'S Plc MARS.L : Berenberg cuts target price to 50p from 110p
* Mediawan SA MDW.PA : Berenberg cuts target price to EUR 10 from EUR 12.5
* Melexis NV MLXS.BR : Berenberg cuts target price to EUR 47.5 from EUR 75
* Mitchells & Butlers Plc MAB.L : Berenberg cuts target price to 280p from 480p
* Mj Gleeson Plc GLEG.L : Berenberg cuts target price to 750p from 1160p
* Munich Re MUVGn.DE : RBC cuts target price to EUR 230 from EUR 240
* National Grid Plc NG.L : Berenberg cuts to hold from buy
* Nedap NEDP.AS : Berenberg cuts to hold from buy; cuts target price to EUR 34 from EUR 65
* Nokian Tyres TYRES.HE : Inderes raises to increase from reduce; cuts TP to EUR 20
* Ol Groupe OLG.PA : Berenberg cuts to hold from buy; cuts Tp to EUR 2.5 from EUR 3.85
* ON the Beach Group Plc OTB.L : Berenberg cuts target price to 280p from 540p
* Orange SA ORAN.PA : Credit Suisse cuts target price to EUR 14 from EUR 15
* Orpea SA ORP.PA : Berenberg cuts target price to EUR 100 from EUR 108
* Persimmon PSN.L : Berenberg cuts target price to 2470p from 3110p
* Polypipe Group Plc PLP.L : Berenberg cuts target price to 520p from 610p
* Pphe Hotel Group Ltd PPH.L : Berenberg cuts target price to 1750p from 2150p
* Procredit Holding AG & Co KGaA PCZ.DE : Berenberg cuts target price to EUR 6 from EUR 9
* Proximus NV PROX.BR : Berenberg cuts target price to EUR 17.50 from EUR 19.20
* Recticel NV RECT.BR : Berenberg cuts target price to EUR 7 from EUR 9
* Redrow Plc RDW.L : Berenberg cuts target price to 540p from 860p
* Restaurant Group RTN.L : Berenberg cuts to hold from buy, cuts TP to 57p from 175p
* RSA Insurance RSA.L : RBC cuts target price to 600p from 700p
* RWE AG RWEG.DE : Berenberg cuts target price to EUR 30 from EUR 34.50
* Ryanair Holdings Plc RYA.I : Berenberg cuts target price to eur12 from EUR 14
* Sandvik AB SAND.ST : Berenberg cuts target price to SEK 165 from SEK 220
* Sandvik AB SAND.ST : Deutsche Bank raises price target to SEK 155 from SEK 150
* Schindler Holding AG SCHP.S : Berenberg cuts target price to CHF 215 from CHF 220
* Scor SCOR.PA : RBC cuts target price to EUR 27 from EUR 36
* SFS Group AG SFSN.S : Berenberg cuts target price to CHF 50 from CHF 60
* SGS SA SGSN.S : Deutsche Bank cuts price target to CHF 2250 from CHF 2300
* SGS SA SGSN.S : Deutsche Bank cuts to hold from buy
* Shelf Drilling Ltd SHLF.OL : RBC cuts to sector perform from outperform
* Shelf Drilling Ltd SHLF.OL : RBC cuts price target to NOK 9 from NOK 44
* SKF SKFb.ST : Berenberg cuts target price to SEK 180 from SEK 220
* Stabilus SA STAB.DE : Berenberg cuts target price to EUR 58 from EUR 69
* Suez Environnement SEVI.PA : Berenberg cuts target price to EUR 9.30 from EUR 14.20
* Sunrise Communications Group AG SRCG.S : Berenberg cuts TP to CHF 87 from CHF 95
* Swiss Re AG SRENH.S : RBC cuts target price to CHF 80 from CHF 105
* Swisscom AG SCMN.S : Berenberg cuts target price to CHF 338 from CHF 445
* Talktalk Telecom Group Plc TALK.L : Berenberg cuts target price to 67p from 80p
* Talktalk Telecom Group Plc TALK.L : Deutsche Bank raises price target to 200p from 190p
* Taylor Wimpey TW.L : Berenberg cuts target price to 160p from 230p
* Tele2 AB TEL2b.ST : Berenberg cuts target price to SEK 136 from SEK 161
* Telecom Italia TLIT.MI : Berenberg cuts target price to EUR 0.35 from EUR 0.42
* Telefonica TEF.MC : Berenberg cuts target price to EUR 4.50 from EUR 7.40
* Telenor ASA TEL.OL : Berenberg cuts target price to NOK 167 from NOK 179
* Telia TELIA.ST : Berenberg cuts to sell from hold; cuts TP to SEK 30 from SEK 40.50
* Ten Entertainment Group TEG.L : Berenberg ups to buy from hold, cuts TP to 220p from 250p
* Tesco TSCO.L : Berenberg cuts target price to 280p from 295p
* Tikehau Capital Sc TKOO.PA : RBC cuts target price to EUR 31 from EUR 34
* Travis Perkins TPK.L : Berenberg raises to buy from hold, cuts TP to 1100p from 1600p
* Uniper SE UN01.DE : Berenberg cuts target price to EUR 22 from EUR 29
* Veolia VIE.PA : Berenberg cuts target price to EUR 21 from EUR 24
* Verbund AG VERB.VI : Berenberg cuts target price to EUR 40 from EUR 50
* Victoria Plc VCP.L : Berenberg cuts target price to 330p from 575p
* Vistry Group Plc VTYV.L : Berenberg cuts target price to 780p from 1410p
* Vodafone VOD.L : Berenberg cuts to hold from buy; cuts target price to 148p from 180p
* Vonovia SE VNAn.DE : RBC cuts target price to EUR 47 from EUR 52
* Wizz Air Holdings WIZZ.L : Berenberg raises to buy from hold, cuts TP to 3200p from 4000p
* X Fab Silicon Foundries Ev XFAB.PA : Credit Suisse cuts TP to EUR 2 from EUR 2.35
* Zurich Insurance Group AG ZURN.S : JP Morgan cuts target price to CHF 410 from CHF 430
* Zurich Insurance Group AG ZURN.S : RBC cuts target price to CHF 350 from CHF 425
(Compiled by Bengaluru Newsroom)
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