Europe Research Roundup: BNP Paribas, Barclays, Whitbread
30/05/2014 10:46
May 30 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Whitbread and Julius Baer, on Friday.
HIGHLIGHTS
* Kingfisher Plc KGF.L : Barclays cuts to equal weight from overweight
* Whitbread Plc WTB.L : SocGen raises to buy from sell; target to 4800p from 2900p
* Voestalpine VOES.VI : JP Morgan cuts to neutral from overweight
* Russian Steel: Citigroup cuts to neutral from overweight rating
* Nordic Banks: Barclays raises target on Handelsbanken SHBa.ST , others ID:nWNBB04IR0
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Accor ACCP.PA : SocGen raises target price to 39 euros from 38 euros; rating hold
* Ahold AHLN.AS : Citigroup cuts price target to 14.90 euros from 15.17 euros; rating buy
* Aryzta ARYN.S : Credit Suisse raises price target to Sfr 83 from Sfr 64; rating neutral
* Bank Asya ASYAB.IS : Renaissance Capital cuts target price to Tl 1.45 from Tl 2; hold
* Barclays Plc BARC.L : Nomura raises target price to 300p from 285p; rating buy
* BNP Paribas BNPP.PA : Citigroup removes from Focus List Europe; retains buy rating
* Bravofly BRGF.S : Credit Suisse starts with neutral; price target Sfr 48
* Cap Gemini CAPP.PA : Credit Suisse raises target to 64 euros from 60 euros; outperform
* Cobham Plc COB.L : Canaccord Genuity raises price target to 320p; rating hold
* Conpet SA COTE.BX : Wood & Company starts with buy rating
* Deutsche Telekom DTEGn.DE : Jefferies raises target to 12.20 euros from 12 euros; hold
* EFG International EFGN.S : Citigroup cuts target to Sfr 10.50 from Sfr 14; rating neutral
* EnQuest Plc ENQ.L : Canaccord Genuity raises target price to 185p from 175p; rating buy
* Eurazeo EURA.PA : SocGen raises target price to 63 euros from 61.6 euros; rating hold
* Eurocommercial SIPFc.AS : Berenberg raises target to 39 euros from 35 euros; rating buy
* Evraz Plc EVRE.L : Citigroup raises target price to 102p from 100p
* Fenner Plc FENR.L : Finncap cuts target price to 330p; rating hold
* Fenner Plc FENR.L : Investec cuts target price to 320p from 360p; rating sell
* Fenner Plc FENR.L : Numis cuts to hold from add rating
* GDF Suez GSZ.PA : UBS raises price target to 22.50 euros from 22 euros; rating buy
* Gecina GFCP.PA : Berenberg starts with hold rating; target price of 104 euros
* Go-Ahead GOG.L : Panmure raises to buy from hold; target price to 2500p from 2000p
* Handelsbanken SHBa.ST : Barclays raises target to Sek 336 from Sek 328; equal weight
* Heritage Oil Plc HOIL.L : Canaccord Genuity cuts target price to 320p from 355p
* Heritage Oil Plc HOIL.L : Canaccord Genuity cuts to hold from buy rating
* Intercontinental Hotels IHG.L : SocGen cuts to hold from buy
* Intercontinental Hotels IHG.L : SocGen raises target price to 2300p from 2200p
* ITE Group Plc ITE.L : Wood & Company cuts target price to 277p from 315p; rating buy
* Julius Baer BAER.VX : Citigroup cuts target price to Sfr 43 from Sfr 45; rating neutral
* Kingfisher Plc KGF.L : Barclays cuts to equal weight from overweight
* Kingfisher Plc KGF.L : Barclays cuts price target to 420p from 460p
* Kingfisher Plc KGF.L : SocGen cuts target price to 425p from 430p; rating hold
* Mayr Melnhof Karton MMKV.VI : Berenberg ups target to 99 euros from 92 euros; rating buy
* Mitchells & Butlers MAB.L : Citigroup raises to buy from neutral
* Mitchells & Butlers MAB.L : Numis raises to buy from add rating
* MMK MAGNq.L : Citigroup cuts to neutral from buy rating
* Nordea NDA.ST : Barclays raises target price to Sek 110 from Sek 103; rating overweight
* Numericable NUME.PA : Exane BNP Paribas raises to outperform from neutral
* Numericable NUME.PA : Exane BNP Paribas raises target price by 47 pct to 50 euros
* Origin Enterprises OGN.I : Investec raises target to 8.15 euros from 7.50 euros; hold
* Pernod Ricard PERP.PA : Nomura raises target price to 100 euros from 94 euros; rating buy
* Poundland Group PLND.L : Oriel Securities starts with buy rating; target price 400p
* Public Power DEHr.AT : Citigroup raises to buy from neutral
* Public Power DEHr.AT : Citigroup raises target price to 13 euros from 11 euros
* Sberbank SBER.MM : SocGen raises target price to 135 roubles from 122 roubles; rating buy
* SEB SEBa.ST : Barclays raises target price to Sek 105 from Sek 104; rating overweight
* Severstal CHMFq.L : Citigroup cuts to neutral from buy rating
* Shanks Group SKS.L : Credit Suisse raises to outperform from neutral
* Shanks Group SKS.L : Credit Suisse raises price target to 125p from 100p
* Smith & Nephew SN.L : UBS raises target price to 1100p from 1000p; rating buy
* Swedish Match SWMA.ST : Nomura raises target price to Sek 253 from Sek 239; rating buy
* Tate & Lyle TATE.L : UBS raises price target to 630p from 600p; rating sell
* Tate & Lyle TATE.L : Credit Suisse cuts target price to 650p from 700p
* Tate & Lyle TATE.L : Credit Suisse cuts to underperform from neutral rating
* Tecnicas Reunidas TRE.MC : ESN/Beka Finance raises to accumulate from hold
* Telefonica Deutschland O2Dn.DE : Barclays cuts target price to 6.80 euros from 7 euros
* Vectura Group VEC.L : Berenberg raises target price to 210p from 200p; rating buy
* Vestas Wind Systems VWS.CO : Goldman Sachs cuts to neutral from buy
* Vestas Wind Systems VWS.CO : Goldman Sachs raises target price to Dkk 315 from Dkk 300
* Voestalpine VOES.VI : JP Morgan cuts to neutral from overweight
* Voestalpine VOES.VI : JP Morgan cuts target price to 38 euros from 40 euros
* Vontobel Holding VONN.S : Citigroup cuts target to Sfr 30 from Sfr 32; rating neutral
* Whitbread Plc WTB.L : SocGen raises to buy from sell; target to 4800p from 2900p
SECTOR CHANGE:
* Russian Steel: Citigroup cuts to neutral from overweight rating
(Compiled by Eileen Anupa Soreng and Geetha Panchaksharam in Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/