EUROPE RESEARCH ROUNDUP: Cobham, E.ON AG, ITV Plc

Covivio Hotels SCA

14/11/2012 20:45

Nov 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Cobham, E.ON AG, ITV Plc and Sonova Holding, on Wednesday.  
 
    HIGHLIGHTS 
    * Cobham   : Kepler raises to hold from reduce  
    * E.ON AG   : Deutsche Bank, SocGen, Nomura cut rating; Credit Suisse cuts target 
    * ITV Plc   : S&P Capital IQ, Berenberg Bank ups rating; Kepler, Barclays up target 
    * Sonova Holding AG   : Kepler, JP Morgan, Vontobel lift target price on stock 
    * Tod's SpA   : ESN/Banca Akros cuts to hold; Barclays cuts target price on stock  
     
           
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.  
     
    * Aareal Bank AG   : ESN/Equinet Bank cuts to accumulate from buy  
    * African Barrick Gold   : Davy starts with neutral  
    * Allianz SE   : Barclays raises target to 111 euros from 107; rating overweight 
    * Altarea   : SocGen cuts target price to 132 euros from 143 euros; rating buy 
    * Anglo American Plc   : Deutsche Bank cuts target price to 2600p from 2700p 
    * Arseus NV   : ING raises to buy from hold; target price to 18 euros from 15 euros 
    * AstraZeneca Plc   : SocGen cuts target price to 2,736p from 2,760p; rating hold 
    * Avation   : Wh Ireland cuts target price to 120p from 200p; rating buy 
    * Barclays   : Liberum cuts to hold from buy 
    * Blinkx Plc   : Canaccord Genuity raises target price to 110p; rating buy 
    * Centamin   : Davy starts with neutral   
    * Chemring Group Plc   : Credit Suisse cuts target price to 210p from 330p 
    * Coastal Energy   : Dundee raises price target to C$25.25 from C$24.80; rating buy  
    * Cobham   : Kepler raises to hold from reduce  
    * Daily Mail and General Trust Plc   : Deutsche Bank raises to hold from sell 
    * Darty   : Seymour pierce cuts target price to 50p from 55p; rating hold  
    * Darty Plc   : Panmure Gordon cuts target price to 40P from 50P; rating sell  
    * Delhaize   : Credit Suisse cuts target price to 26 euros from 30 euros 
    * EDF   : Deutsche Bank cuts target price to 15 euros from 16.50 euros; rating hold  
    * E.ON AG   : Deutsche Bank cuts to hold from buy; price target to 14 euros from 21 
    * E.ON AG   : SocGen cuts to hold from buy  
    * E.ON AG   : Nomura cuts to neutral from buy; target to 15.30 euros from 21.70 
    * E.ON AG   : Credit Suisse cuts target price to 16 euros from 18; rating neutral 
    * Fidessa Group   : Jefferies raises to buy from hold 
    * Fonciere des Murs SCA   : SocGen cuts target price to 17 euros from 18 euros 
    * Gamesa Corporacion Tecnologica   : S&P capital IQ raises target to 2 euros from 1.50 
    * Heineken NV   : SocGen raises target price to 56.2 euros from 53 euros; rating buy 
    * Hera SpA   : Citigroup cuts to neutral from buy  
    * Impregilo SpA   : ESN/Banca Akros raises to accumulate from hold 
    * Infineon Technologies AG   : SocGen raises price target to 5.3 euros from 5 euros 
    * Infineon Technologies AG   : S&P Capital IQ cuts to sell from hold 
    * ITV Plc   : S&P Capital IQ raises to hold from strong sell 
    * ITV Plc   : Berenberg Bank raises to hold from sell; price target to 91p from 79p  
    * ITV Plc   : Kepler raises price target to 90p from 80p; rating hold 
    * ITV Plc   : Barclays raises price target to 95p from 90p; rating equal weight 
    * ITV Plc   : Panmure Gordon raises target price to 140p from 125p; rating strong buy  
    * Kabel Deutschland Holding AG   : Nomura raises target price to 54 euros from 52 
    * KBC Group   : Deutsche Bank raises to buy from hold;target to 27 euros from 20 euros 
    * James Fisher and Sons Plc   : Investec raises target price to 845p from 725p 
    * Koninklijke Reesink NV   : ESN/SNS Securities starts with buy rating 
    * Kuoni Reisen Holding AG   : JP Morgan starts with overweight rating 
    * Lagardere Sca   : Barclays cuts target price to 25 euros from 27 euros 
    * Leoni AG   : HSBC cuts target price to 28 euros from 33 euros; rating neutral  
    * Lloyds Banking Group   : Liberum raises price target to 50p from 45p; rating buy 
    * Lundin Petroleum AB   : Morgan Stanley starts with overweight rating  
    * Mediaset SpA   : Deutsche Bank raises to hold from sell; price target to 1.30 euros 
    * Mediaset SpA   : Barclays cuts to underweight from equal weight 
    * NV Bekaert SA   : KBC Securities cuts to hold from accumulate; target to 22 euros 
    * Ophir Energy Plc   : SocGen raises to hold from sell 
    * Pace   : Peelhunt raises target price to 250p from 200p; rating buy  
    * Pace   : Canaccord Genuity raises target price to 228p from 205p; rating buy  
    * Pages Jaunes   : Kepler raises to buy from hold  
    * Pagesjaunes   : HSBC raises to overweight from neutral; target price to 2.35 euros 
    * Pirelli   : SocGen cuts target price to 9.7 euros from 10.4 euros; rating buy 
    * Prudential   : S&P Capital IQ raises to strong buy 
    * Randgold Resources   : Davy starts with outperform rating  
    * Royal Bank Of Scotland Group   : Liberum cuts to hold from buy 
    * RTL Group   : SocGen cuts to hold from buy  
    * RWE AG   : HSBC cuts target price to 38 euros from 41 euros; rating overweight 
    * RWE AG   : S&P Capital IQ cuts to hold from buy 
    * RWE AG   : S&P Capital IQ cuts price target to 34 euros from 38 euros 
    * Siemens       : RBC cuts to sector perform - streetinsider.com  
    * Sig   : Peelhunt raises target price to 90p from 80p; rating sell  
    * Sonova Holding AG   : Kepler raises target price to Sfr 103 from Sfr 93 
    * Sonova Holding AG   : JP Morgan raises price target to 109 Sfr from 98 Sfr 
    * Sonova Holding AG   : Vontobel raises price target to 117 Sfr from 107 Sfr 
    * Speedy Hire   : Canaccord Genuity raises price target to 39p from 36p; Rating buy  
    * Suez Environnement Company SA   : SocGen starts with buy; target of 9.1 euros 
    * Talanx AG   : Barclays starts with equal weight rating  
    * Television Francaise 1 SA   : ESN/CIC Securities raises to hold from reduce 
    * Thomas Cook Group   : JP Morgan raises target to 20p from 17p; rating neutral 
    * Tod's SpA   : Barclays cuts target price to 81 euros from 82.50 euros 
    * Tod's SpA   : ESN/Banca Akros cuts to hold from accumulate; target price to 89 euros 
    * Topdanmark A/S   : Barclays raises target price to Dkk 1256 from Dkk 1240 
    * Topdanmark A/S   : Berenberg Bank raises price target to 1096 Dkk from 980 Dkk 
    * Tornos Holding AG   : Vontobel cuts price target to 6 Sfr from 7.50 Sfr; rating hold 
    * Tribal Group   : Canaccord Genuity raises target price to 110p from 95p; rating buy  
    * TUI Travel Plc   : JP Morgan raises to overweight from neutral; target to 315p  
    * UBS AG   : Morgan Stanley raises target to 17 Sfr from 15 Sfr; rating overweight 
    * United Drug   : Peelhunt cuts to hold from buy  
    * Veolia Environnement VE SA   : SocGen starts with buy rating; target of 9.8 euros 
    * Victrex   : N+1 Singer cuts to hold from buy  
    * Vivendi SA   : ESN/CIC Securities raises to accumulate from hold; target to 17 euros 
    * Vodafone Group Plc   : Nomura cuts target price to 190p from 195p; rating neutral  
    * VTB Bank OAO   : JP Morgan raises to overweight from neutral; target to $4.25 
    * Weir Group PLC   : Nomura raises to neutral from reduce; price target to 1850p  
    * Wendel SA   : SocGen raises to buy from hold  
         
     
  ((Compiled by Fareha Khan, Shubham Singhal and Arpita Mukherjee; Bangalore Newsroom +91 80 
4135 5800; within U.S. +1 646 223 8780)) 
 
 
Keywords: RESEARCH EUROPE/