EUROPE RESEARCH ROUNDUP: Axa, Allianz, SIG, Vodafone, Smith & Nephew

Compagnie Du Bois Sauvage SA

14/05/2013 16:17

May 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Axa, Diploma and SIG, on Tuesday.  
     
    HIGHLIGHTS 
    * Insurance: Socgen starts Axa  AXAF.PA  with buy  ID:nWNBB02049   
    * Construction: Jefferies raises target price on SIG  SHI.L   ID:nWNBB02048   
    * Vodafone Group  VOD.L : S&P Capital IQ cuts to hold from buy  ID:nWNBB020AK  
    * Smith & Nephew  SN.L : Berenberg cuts to hold from buy 
    * Davide Campari  CPRI.MI : Natixis cuts to neutral from buy 
       
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order. 
     
    * 3i Group PLC  III.L : SocGen raises target price to 370p from 315p; rating hold 
    * 3i Infrastructure  3IN.L : RBC raises target to 140p from 130p; rating sector perform    
    * Acciona ANA.MC :Exane BNP Paribas ups target to 40 euros from 37 euros;rating underperform 
    * Allianz  ALVG.DE : SocGen start with hold; price target 117 euros  
    * AP Moeller Maersk  MAERSKb.CO : Morgan Stanley cuts to equal weight from overweight 
    * A.P.R. Energy PLC  APREN.L : Cantor cuts to sell from reduce; target to 720p from 770p  
    * Assic Generali  GASI.MI : SocGen starts with hold; price target 14.5 euros  
    * Atlantia  ATL.MI : JP Morgan raises target to 15.30 euros from 14.20 euros; rating neutral 
    * Austrian Post  POST.VI : Morgan Stanley ups target to 30 from 26.80 euros 
    * Aviva PLC  AV.L : SocGen adds to premium list 
    * Axa  AXAF.PA : SocGen starts with buy; price target 19 euros 
    * Babcock International  BAB.L : Jefferies raises target to 1250p from 1080p; rating buy 
    * Betfair Group PLC  BETF.L : Investec raises price target to 750p From 585p; rating sell 
    * BIC  BICP.PA : Exane BNP Paribas cuts to neutral from outperform  
    * Bilfinger  GBFG.DE : S&P Capital IQ cuts target to 85 euros from 88 euros; rating buy 
    * Blinkx PLC  BLNX.L : Citigroup raises target price to 130p from 115p; rating buy  
    * Braemar Shipping Services PLC  BRMS.L : WestHouse Securities cuts to add from buy 
    * British Land Co  BLND.L : Investec cuts to reduce from buy  
    * British Land Co  BLND.L : Panmure cuts to hold from buy; raises target to 630p from 600p 
    * Capita PLC  CPI.L : Cantor raises target price to 810p from 700p; rating sell 
    * Capita PLC  CPI.L : Panmure raises price target to 850p; rating sell  
    * CGG Veritas  GEPH.PA : JP Morgan cuts target price to 22.10 euros from 26.90 euros; rating 
    * Ciments Francais  CMFP.PA : Exane BNP Paribas cuts target to 48 euros from 52 euros 
    * COMMERZBANK  CBKGk.DE : Credit Suisse cuts target to 8.71 euros from 12.50 euros; neutral 
    * Compagnie du Bois Sauvage  CBOS.BR : ESN/Bank Degroof raises to accumulate from hold  
    * Cranswick PLC  CWK.L : Investec raises price target to 1180p from 1095p; rating buy 
    * Daily Mail and General Trust PLC  DMGOa.L : Deutsche Bank raises target to 660p from 630p 
    * Davide Campari  CPRI.MI : Nomura cuts target to 6 from 6.40 euros; rating neutral 
    * Davide Campari  CPRI.MI : JP Morgan cuts target to 6.40 euros from 6.65 euros 
    * Davide Campari  CPRI.MI : Natixis cuts to neutral from buy 
    * Davide Campari  CPRI.MI : Natixis cuts target to 6 euros from 6.5 euros  
    * Davide Campari  CPRI.MI : Exane cuts target to 5.4 euros from 5.7 euros; rating neutral  
    * Deutsche Telekom  DTEGn.DE : Nomura ups target to 10.10 euros from 9.60 euros; rating buy 
    * Deutsche Wohnen  DWNG.DE : Berenberg raises target to 16 euros from 15 euros; rating buy 
    * Diasorin  DIAS.MI : Exane BNP Paribas ups target to 26 euros from 23 euros; rating neutral 
    * Diploma Plc  DPLM.L : Jefferies raises target price to 690p from 615p; rating buy 
    * Dixons  DXNS.L : Cantor raises price target to 42p from 35p; rating buy  
    * E Therapeutics PLC  ETXP.L : Panmure raises target price to 70p from 67p; rating buy 
    * EADS NV  EAD.PA : RBC raises price target to 48 euros from 45 euros; rating outperform  
    * Ferragamo  SFER.MI : JP Morgan raises target to 22 euros from 20 euros; rating neutral  
    * Ferragamo  SFER.MI : Raymond James ups target to 27 euros from 24 euros; rating outperform 
    * Grafton  GRF_u.I : Jefferies cuts to underperform from hold  
    * Grontmij NV  GRONc.AS : ING cuts to hold from buy  
    * Groupe Bruxelles Lambert  GBLB.BR : SocGen raises target to 68 euros from 67.5 euros 
    * Groupe Metropole TV  MMTP.PA : Nomura ups target to 13 euros from 12 euros; rating neutral 
    * Grupo Catalana Occidente  GCO.MC : JP Morgan raises target to 18 euros from 15.90 euros 
    * Halfords Group  HFD.L : Exane BNP Paribas raises to neutral from underperform 
    * Halfords Group  HFD.L : Exane BNP Paribas raises target price to 380p from 310p  
    * Heidelbergcement AG  HEIG.DE : Deutsche Bank raises price target to 65 euros from 63 euros 
    * Henkel  HNKG_p.DE : SocGen raises price target to 87 euros from 80 euros; rating buy  
    * Hochschild Mining  HOCM.L : Numis raises price target to 390p from 380p; rating buy 
    * Howden Joinery  HWDN.L : Jefferies cuts to underperform from hold 
    * Howden Joinery  HWDN.L : Jefferies cuts target price to 186p from 200p  
    * ICAP PLC  IAP.L : Canaccord Genuity raises to hold from sell 
    * IMI PLC  IMI.L : Investec raises target price to 1355p from 1295p; rating hold  
    * Inficon  IFCN.S : UBS raises price target to Sfr 310 from Sfr 290; rating buy  
    * ING  ING.AS : SocGen adds to premium list 
    * Jarvis Securities PLC  JIM.L : WH Ireland raises target to 320p from 300p; rating buy  
    * JD Wetherspoon  JDW.L : Investec raises price target to 660p from 550p; rating buy 
    * Jeronimo Martins SGPS SA  JMT.LS : HSBC cuts to neutral from overweight 
    * Jeronimo Martins SGPS SA  JMT.LS : HSBC raises price target to 19 euros from 18 euros  
    * Johnston Press PLC  JPR.L : Panmure raises target price to 25p from 20p; rating buy  
    * Jungheinrich  JUNG_p.DE : HSBC raises to overweight from neutral 
    * Jungheinrich  JUNG_p.DE : HSBC raises target price to 41 euros from 31 euros  
    * Lafarge SA  LAFP.PA : Goldman Sachs removes from Conviction List; rating buy  
    * Laird  LRD.L : Espirito Santo Investment Bank cuts target to 265p from 300p; rating buy  
    * Lanxess  LXSG.DE : Commerzbank raises to buy from hold; target to 65 euros from 60 euros 
    * Leasinvest Real Estate  LNRE.BR : ESN/Bank Degroof ups target to 78 euros from 74 euros 
    * Legrand  LEGD.PA : Morgan Stanley ups target to 34.50 euros from 32.50 euros 
    * LEG Immobilien  LEGn.DE : Berenberg raises target to 48 euros from 46.50 euros; rating buy 
    * Lonmin PLC  LMI.L : SocGen raises to buy from sell  
    * Lonmin PLC  LMI.L : Deutsche Bank raises target price to 395p from 365p; rating hold 
    * Lonmin PLC  LMI.L : Westhouse raises target price to 250p from 235p; rating sell 
    * L'Oreal SA  OREP.PA : JP Morgan ups target to 145 euros from 135 euros;rating overweight 
    * M6  MMTP.PA : Morgan Stanley ups target to 12.50 euros from 12 euros; rating equalweight 
    * M6  MMTP.PA : Natixis raises price target to 12 euros from 11.1 euros; rating reduce  
    * Man Group  EMG.L : Espirito raises fair value to 87p from 76p; rating sell 
    * Marks and Spencer Group PLC  MKS.L : Panmure raises target to 471p from 402p; rating buy  
    * Mitchells & Butlers  MAB.L : Numis raises price target to 450p from 400p; rating buy  
    * Nature Group PLC  NGRP.L : WH Ireland raises price target to 50p From 42p; rating buy 
    * Oesterreichische Post  POST.VI : Deutsche Bank raises target to 29.5 euros; rating hold  
    * Petropavlovsk PLC  POG.L : JP Morgan cuts target to 320p from 420p; rating overweight 
    * Philips  PHG.AS : UBS cuts price target to 25 euros from 26 euros; rating buy  
    * PKO Bank Polski  PKO.WA : SocGen raises target price to Pln 34.5; rating hold  
    * PSP Swiss Property AG  PSPN.S : UBS raises target to Sfr 91from Sfr 88; rating neutral 
    * QSC AG  QSCG.DE : Deutsche Bank raises target to 3.10 euros from 2.8 euros; rating buy  
    * Rathbone Brothers  RAT.L : Canaccord Genuity cuts to hold from buy 
    * Rathbone Brothers  RAT.L : Peel Hunt raises target price to 1480p from 1445p; rating hold 
    * Rio Tinto PLC  RIO.L : SocGen adds to premium list 
    * Rio Tinto PLC  RIO.L : UBS cuts price target to 4550p from 4590p; rating buy  
    * Royal Dutch Shell B  RDSb.L : HSBC raises target price to 2530p from 2450p; rating neutral 
    * Sig Plc  SHI.L : Jefferies raises target price to 190p from 185p; rating buy  
    * Smith & Nephew  SN.L : Berenberg cuts to hold from buy; raises target to 810p from 805p  
    * St. James's Place  SJP.L : Credit Suisse raises target to 600p from 520p; rating neutral 
    * Subsea 7 SA  SUBC.OL : S&P Capital IQ starts with hold; target price Nok 136  
    * Symrise AG  SY1G.DE : JP Morgan raises target to 31 euros from 29 euros; rating neutral 
    * Telefonica  TEF.MC : Espirito ups fair value to 10.3 euros from 9.5 euros; rating neutral  
    * Telenet Group Holding  TNET.BR : ING cuts target to 34 euros from 42 euros; rating hold  
    * Tipp24 AG  TIMGn.DE : Berenberg cuts price target to 68 euros from 69 euros; rating buy 
    * Travis Perkins  TPK.L : Jefferies cuts to underperform from hold 
    * Travis Perkins  TPK.L : Jefferies cuts target price to 1120p from 1130p  
    * TUI Travel PLC  TT.L : Jefferies raises target price to 315p from 300p; rating hold  
    * TUI Travel PLC  TT.L : JP Morgan cuts to neutral from overweight 
    * UBM PLC  UBM.L : Credit Suisse assumes coverage with outperform; target price 800p  
    * Vestas Wind Systems A/S  VWS.CO : HSBC raises to overweight from neutral  
    * Vestas Wind Systems A/S  VWS.CO : HSBC raises target price to Dkk 100 from Dkk 42  
    * Vodafone Group  VOD.L : S&P Capital IQ cuts to hold from buy  
    * Vodafone Group  VOD.L : S&P Capital IQ raises target price to 200p from 190p 
    * Wienerberger  WBSV.VI : Citigroup ups target to 11 euros from 8.40 euros; rating neutral 
    * Wolseley Plc  WOS.L : Jefferies cuts target price to 2520p from 2540p; rating underperform 
 
 
 (Compiled by Rachel Chitra and Saqib Iqbal Ahmed in Bangalore) 
 ((rachel.chitra@thomsonreuters.com)(Bangalore Equities Newsdesk +91 80 4135 5800)(within)(U.S. 
+1 646 223 8780)(Reuters Messaging: rachel.chitra.reuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/