Europe Research Roundup: Total, Volvo, Hennes & Mauritz, Banco Santander

Compagnie Du Bois Sauvage SA

19/06/2014 16:26

June 19 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Altarea and HSBC Holdings, on Thursday.  
     
    HIGHLIGHTS 
    * Total SA  TOTF.PA : S&P Capital IQ cuts to hold from strong buy  
    * Altarea  IMAF.PA : SocGeN cuts to hold from buy  ID:nWNBB04MGK  
    * Banco Santander  SAN.MC : RBC raises to sector perform from underperform rating 
    * Lafarge  LAFP.PA : Jefferies re-initiates coverage with buy  
    * Hennes & Mauritz  HMb.ST : S&P Capital IQ, Deutsche Bank downgrade to hold from buy 
    * CTT Correios DE Portugal SA  CTT.LS : JP Morgan cuts to neutral from overweight   
       
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order. See bottom of the table for sector changes.   
     
    * Affine  BTPP.PA : SocGeN cuts to hold from buy 
    * Air France KLM  AIRF.PA : UBS cuts to sell from neutral rating; price target to 9.70 euros 
    * Altarea  IMAF.PA : SocGeN cuts to hold from buy 
    * Anpario  ANP.L : Peel Hunt starts with buy; price target 320p  
    * Applus  APPS.MC : Credit Suisse starts with an outperform rating; 20 euros price target 
    * Arcam  ARCM.ST : Brean Capital starts with hold rating  
    * Banco Santander  SAN.MC : RBC raises to sector perform from underperform rating 
    * BBVA  BBVA.MC : RBC cuts to underperform from sector perform rating 
    * Befimmo  BEFB.BR : SocGen cuts to hold from buy 
    * Berkeley Group  BKGH.L : Deutsche Bank ups target to 2877p from 2587p;rating hold 
    * Berkeley Group  BKGH.L : Citigroup raises target price to 2575p from 2560p; rating neutral 
    * Berkeley Group  BKGH.L : Peel Hunt raises to buy from hold; target to 2720p from 2680p  
    * BG Group  BG.L : Credit Suisse cuts to underperform from neutral 
    * Bois Sauvage  CBOS.BR : KBC cuts to reduce from hold rating  
    * Buzzi Unicem  BZU.MI : Jefferies re-initiates coverage with buy 
    * Cemex  CX.N : Jefferies re-initiates coverage with hold 
    * Charles Stanley  CAY.L : Canaccord Genuity raises to buy from hold; price target to 480p  
    * Charles Stanley  CAY.L : Peel Hunt cuts price target to 430p from 530p; rating hold  
    * Comet  COTN.S : Vontobel raises target price to Sfr 750 from Sfr 535; rating buy  
    * CTT Correios DE Portugal SA  CTT.LS : JP Morgan cuts to neutral from overweight  
    * Derwent London  DLN.L : SocGen raises to buy from hold 
    * Deutsche Bank  DBKGn.DE : Nomura cuts target to 32 euros from 34 euros; rating neutral  
    * Deutsche Lufthansa  LHAG.DE : UBS cuts price target to 18 euros from 22.50 euros; buy 
    * DNO  DNO.OL : Morgan Stanley starts with equal weight; target price Nok 24  
    * Eurocommercial Properties  SIPFc.AS : SocGen cuts to hold from buy 
    * Ferrovial  FER.MC : Deutsche Bank ups target to 16.60 euros from 14.70 euros; hold rating 
    * Gemfields PLC  GEM.L : Investec raises target price to 57.3p from 42.5p; rating buy  
    * Gemfields PLC  GEM.L : JP Morgan raises target price to 47p from 37p; rating neutral  
    * Genel Energy PLC  GENL.L : Morgan Stanley raises to overweight; target to 1235p from 1065p 
    * Genomic Vision  GVI.PA : SocGen starts with buy rating  
    * Genomic Vision  GVI.PA : SocGen starts with price target of 19 euros 
    * GN Store Nord  GN.CO : Jyske Bank cuts to sell rating  
    * Go-Ahead  GOG.L : Investec raises price target to 2670p from 2630p; rating buy  
    * Go-Ahead  GOG.L : Liberum raises target price to 2380p from 2315p; rating buy  
    * GSW Immobilien  GIBG.DE : SocGen cuts to sell from hold 
    * Gulf Keystone Petroleum Ltd  GKP.L : Morgan Stanley starts with underweight; target  78p   
    * HeidelbergCement  HEIG.DE : Jefferies re-initiates coverage with hold 
    * Hennes & Mauritz  HMb.ST : S&P Capital IQ cuts to hold from buy  
    * Hennes & Mauritz  HMb.ST : Raymond James ups target to Sek 249 from Sek 246; underperform 
    * Hennes & Mauritz  HMb.ST : Deutsche Bank cuts to hold from buy  
    * Holcim  HOLN.VX : Jefferies re-initiates coverage with buy  
    * HSBC Holdings  HSBA.L : Nomura cuts target price to 680p from 710p; rating neutral  
    * IGD  IGD.MI : SocGen cuts to hold from buy 
    * Iliad  ILD.PA : JP Morgan raises target to 280 euros from 240 euros; rating overweight  
    * Immofinanz  IMFI.VI : SocGen raises to hold from sell 
    * Immunodiagnostic Systems  IDH.L : Canaccord Genuity raises target to 492p from 459p; hold  
    * Informa  INF.L : N+1 Singer cuts to sell from hold 
    * Informa  INF.L : N+1 Singer cuts target price to 430p from 550p  
    * Intu Properties  INTUP.L : SocGen raises to hold from sell rating 
    * Italcementi  ITAI.MI : Jefferies re-initiates coverage with buy  
    * Kingfisher  KGF.L : Credit Suisse cuts price target to 450p from 475p; outperform rating  
    * Klepierre  LOIM.PA : SocGeN cuts to hold from buy 
    * Lafarge  LAFP.PA : Jefferies re-initiates coverage with buy  
    * Legal & General  LGEN.L : SocGen cuts to sell from hold rating 
    * Liontrust Asset Management  LIO.L : N+1 Singer raises target to 338p from 294p; rating buy 
    * London Stock Exchange  LSE.L : Barclays raises target to 2260p from 2200p; overweight  
    * Micro Focus  MCRO.L : Panmure raises target to 893p from 878p;rating buy  
    * Micro Focus  MCRO.L : Investec raises to buy from hold; price target to 950p from 850p  
    * Micro Focus  MCRO.L : Peel Hunt raises price target to 920p from 875p; rating buy  
    * Micro Focus  MCRO.L : Numis cuts to add from buy  
    * N Brown Group PLC  BWNG.L : Oriel Securities cuts to hold from buy  
    * Novozymes  NZYMb.CO : Jefferies raises price target to Dkk 250 from Dkk 215; rating hold  
    * Orange SA  ORAN.PA : JP Morgan ups target to 12.10 euros from 11.50 euros; rating neutral 
    * Playtech  PTEC.L : Nomura raises to buy from neutral 
    * Playtech  PTEC.L : Nomura cuts target price to 753p from 776p 
    * Premier Oil PLC  PMO.L : Numis cuts to add from buy  
    * Rotork PLC  ROR.L : Morgan Stanley raises to equalweight from underweight rating  
    * Ryanair  RYA.I : UBS raises to buy from neutral  
    * Standard Chartered PLC  STAN.L : Nomura cuts target price to 1580p from 1610p; rating buy  
    * Telenet Group  TNET.BR : Raymond James raises target to 47 euros from 46 euros; outperform 
    * Titan Cement  TTNr.AT : Jefferies re-initiates coverage with buy  
    * Total Gabon  EGAB.PA : Natixis cuts to neutral from buy; price target to 468 euros  
    * Total SA  TOTF.PA : S&P Capital IQ cuts to hold from strong buy  
    * Total SA  TOTF.PA : S&P Capital IQ cuts target price to 54 euros from 60 euros  
    * Unibail-Rodamco  UNBP.AS : SocGen cuts to hold from buy 
    * Velocys  VLSV.L : Canaccord Genuity starts with speculative buy rating; 400p target price  
    * Volvo AB  VOLVb.ST : Citigroup cuts target price to Sek 113 from Sek 120; rating buy  
    * Weir Group  WEIR.L : Barclays raises target price to 2950p from 2700p; rating overweight 
    * Wereldhave  WEHA.AS : SocGen cuts to hold from buy 
    * Xcite Energy  XELL.L : Liberum revises target price to 233p from 254p; rating buy  
 
 
 (Compiled by Saqib Iqbal Ahmed and Jai Ganesh in Bangalore) 
 ((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
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Keywords: RESEARCH EUROPE/