Europe Research Roundup: BG Group, Salvatore Ferragamo, Sanofi
15/10/2014 16:40
Oct 15 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Heineken, Swedbank and Solvay SA, on Wednesday.
HIGHLIGHTS
* BG Group Plc BG.L : Investec raises to hold from sell
* Sanofi SASY.PA : Credit Suisse raises to outperform from neutral rating
* Chemicals: Barclays upgrades Air Liquide AIRP.PA , others ID:nWNAB04WRK
* Swedbank AB SWEDa.ST : Credit Suisse raises to neutral from underperform
* Salvatore Ferragamo SFER.MI : Kepler Cheuvreux cuts to hold from buy ID:nWNAB04WTQ
* Heineken NV HEIN.AS : Goldman Sachs raises to buy from sell
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Airbus Group NV AIR.PA : Deutsche Bank raises price target to 65 euros from 63 euros; buy
* Air France KLM SA AIRF.PA : Citigroup cuts target to 6.70 euros from 7.70 euros; neutral
* Air Liquide SA AIRP.PA : Barclays raises to equal weight from underweight
* Air Liquide SA AIRP.PA : Barclays raises price target to 109 euros from 90 euros
* Akzo Nobel NV AKZO.AS : Barclays cuts target to 51 euros from 55 euros; underweight
* Almirall ALM.MC : Credit Suisse cuts target price to 14 euros from 16 euros; outperform
* Alstom SA ALSO.PA : SocGen raises to buy from hold
* Amer Sports AMEAS.HE : JP Morgan raises target to 15 euros from 14.50 euros; neutral
* Aquarius Platinum Ltd AQP.L : Panmure cuts price target to 24p from 25p; rating hold
* Arkema SA AKE.PA : Barclays cuts price target to 54 euros from 62 euros; equal weight
* Ashmore ASHM.L : JP Morgan cuts price target to 295p from 342p; rating neutral
* Ashmore ASHM.L : Citigroup cuts price target to 307p from 350p; rating neutral
* Ashmore ASHM.L : Morgan Stanley cuts price target to 321p from 362p; rating equal weight
* Ashmore ASHM.L : UBS cuts price target to 295p from 315p; rating neutral
* Ashmore ASHM.L : HSBC cuts price target to 380p from 420p; rating overweight
* ASML Holding ASML.AS : S&P Capital IQ raises target to 75 euros from 70 euros;rating hold
* Aveva Group Plc AVV.L : Credit Suisse raises to outperform from neutral
* Aviva Plc AV.L : Canaccord Genuity cuts price target to 535p from 550p
* BAE Systems Plc BAES.L : Deutsche Bank raises price target to 415p from 405p; rating hold
* Banco Santander SA SAN.MC : Deutsche Bank ups target to 7.50 euros from 7.40 euros; hold
* Bankinter SA BKT.MC : Deutsche Bank raises price target to 7.20 euros from 6.80 euros;buy
* BASF SE BASFn.DE : Barclays cuts price target to 95 euros from 101 euros; overweight
* Bayer AG BAYGn.DE : JP Morgan resumes coverage with overweight rating
* Bayer AG BAYGn.DE : JP Morgan resumes coverage with price target 20 euros
* BBVA BBVA.MC : Deutsche Bank ups to buy from hold; target to 10.50 euros from 9.20 euros
* Belgacom BCOM.BR : Credit Suisse raises target price to 28 euros from 20 euros; neutral
* Bellway Plc BWY.L : Citigroup raises price target to 1800p from 1750p; rating buy
* Bellway Plc BWY.L : Deutsche Bank raises price target to 1760p from 1682p
* BG Group Plc BG.L : Investec raises to hold from sell
* BHP Billiton Plc BLT.L : Deutsche Bank raises price target to 2500p from 2400p
* Bouygues BOUY.PA : Credit Suisse cuts target price to 31 euros from 28 euros; neutral
* Brunello Cucinelli SpA BCU.MI : Kepler Cheuvreux cuts target to 19 euros from 21 euros
* Burberry BRBY.L : JP Morgan raises price target to 1470p from 1400p; rating neutral
* Burberry BRBY.L : Deutsche Bank cuts price target to 1580p from 1600p
* Caixabank SA CABK.MC : Deutsche Bank raises target to 4.60 euros from 4.30 euros; hold
* Carlsberg A/S CARLb.CO : Goldman Sachs cuts price target to Dkk 493 from Dkk 510; sell
* Casino CASP.PA : Natixis cuts target price to 100 euros from 104 euros; rating buy
* Clariant AG CLN.VX : Barclays cuts price target to Sfr 19.60 from Sfr 20.90; overweight
* Clariant AG CLN.VX : Kepler Cheuvreux cuts target price to Sfr 20 from Sfr 22; rating buy
* Cobham Plc COB.L : Deutsche Bank raises price target to 282p from 275p; rating hold
* Connect Group CNCTC.L : N+1 Singer raises to buy from hold
* Creades CREADa.ST : Danske Bank cuts target price to Sek 166 from Sek 186; rating hold
* Croda International CRDA.L : Barclays cuts price target to 2040p from 2090p; underweight
* CSR CSR.L : Liberum raises target price to 900p from 800p; rating hold
* CSR CSR.L : Numis cuts to hold from add; target price to 900p from 915p
* CSR CSR.L : UBS raises target price to 900p from 600p; rating neutral
* Danone DANO.PA : S&P Capital IQ cuts target price to 56 euros from 60 euros; rating hold
* DBV Technologies DBV.PA : Natixis raises target price to 42 euros from 32 euros; buy
* Deceuninck DECB.BR : ESN/BANK Degroof cuts target price to 2 euros from 2.15 euros; hold
* Deutsche Boerse DB1Gn.DE : RBC raises target to 56 euros from 54 euros; underperform
* Deutsche Lufthansa AG LHAG.DE : UBS cuts target to 12 euros from 15.25 euros; neutral
* DSM NV DSMN.AS : Barclays cuts price target to 57 euros from 61 euros; rating overweight
* easyJet EZJ.L : Nomura raises price target to 1750p from 1715p; rating buy
* Freenet AG FNTGn.DE : HSBC cuts price target to 21 euros from 23 euros; rating neutral
* Givaudan SA GIVN.VX : Barclays raises price target to Sfr 1460 from Sfr 1340; underweight
* GKN Plc GKN.L : Citigroup cuts price target to 340p from 410p; rating buy
* Grainger Plc GRI.L : Jefferies cuts price target to 282p; rating buy
* Great Portland Estates Plc GPOR.L : Jefferies raises price target to 719p; rating hold
* Hargreaves Lansdown Plc HRGV.L : Citigroup cuts price target to 830p from 980p
* Hargreaves Lansdown Plc HRGV.L : Citigroup raises to neutral from sell
* Hargreaves Lansdown Plc HRGV.L : JP Morgan cuts target to 1280p from 1380p; overweight
* Hargreaves Lansdown Plc HRGV.L : UBS cuts price target to 770p from 850p; rating sell
* Haulotte PYHE.PA : SocGen raises to buy from hold
* Heineken NV HEIN.AS : Goldman Sachs raises to buy from sell
* Iliad SA ILD.PA : JP Morgan cuts price target to 250 euros from 280 euros; overweight
* Iliad SA ILD.PA : Goldman Sachs cuts price target to 266 euros from 287 euros; rating buy
* Iliad SA ILD.PA : Deutsche Bank cuts price target to 200 euros from 222 euros
* Intermediate Capital Group ICP.L : SocGen cuts price target to 490p from 500p; rating buy
* Ipsen IPN.PA : Credit Suisse raises target price to 41.50 euros from 35 euros; outperform
* Kering PRTP.PA : Kepler Cheuvreux cuts target price to 155 euros from 165 euros
* K&S AG SDFGn.DE : Barclays raises to overweight from equal weight
* K&S AG SDFGn.DE : Barclays cuts price target to 26 euros from 28 euros
* KWS Saat AG KWSG.DE : Barclays raises target to 288 euros from 270 euros; equal weight
* L & G LGEN.L : Canaccord Genuity cuts price target to 235p from 240p
* Lanxess AG LXSG.DE : Barclays cuts price target to 45 euros from 51 euros; underweight
* Leoni AG LEOGn.DE : Exane BNP Paribas raises to neutral from underperform
* Leoni AG LEOGn.DE : Exane BNP Paribas cuts price target by 12 pct to 45 euros
* Linde AG LING.DE : Barclays raises price target to 165 euros from 151 euros; equal weight
* Linde AG LING.DE : Credit Suisse raises price target to 153 euros from 140 euros
* Linde AG LING.DE : Credit Suisse raises to neutral from underperform
* Low & Bonar Plc LWB.L : N+1 Singer cuts price target to 60p from 75p; rating hold
* Lufthansa LHAG.DE : Cantor reinstates coverage with hold rating; price target of 13 euros
* Lundbeck LUN.CO : Credit Suisse raises target price to Dkk 145 from Dkk 140
* Lundbeck LUN.CO : Credit Suisse raises to outperform from neutral rating
* Lundin Petroleum AB LUPE.ST : UBS raises price target to Sek 137 from Sek 135; rating buy
* Luxottica Group LUX.MI : Citigroup cuts target to 35.50 euros from 38.50 euros; neutral
* LVMH LVMH.PA : Kepler Cheuvreux cuts target price to 153 euros from 157 euros
* LVMH LVMH.PA : S&P Capital IQ cuts target price to 144 euros from 152 euros; rating buy
* M6 MMTP.PA : Natixis cuts target price to 14 euros from 15 euros; rating neutral
* Mail Group UKM.L : JP Morgan cuts price target to 680p from 695p; rating overweight
* Meggitt Plc MGGT.L : Deutsche Bank raises price target to 455p from 440p; rating hold
* Merck KGaA MRCG.DE : Credit Suisse cuts target price to 77 euros from 82 euros; neutral
* Michael Page International MPI.L : JP Morgan cuts price target to 459p from 471p; neutral
* Moncler MONC.MI : Kepler Cheuvreux cuts target price to 13 euros from 14 euros
* Monitise Plc MONI.L : Goldman Sachs cuts price target to 45p from 65p; rating buy
* MTU Aero Engines MTXGn.DE : Deutsche Bank raises target to 66 euros from 64 euros; hold
* Nordea NDA.ST : Credit Suisse cuts target price to 10.50 euros from 10.90 euros; neutral
* Norma Group SE NOEJ.DE : Exane BNP Paribas cuts target by 10 pct to 43 euros; outperform
* Norwegian Air Shuttle NWC.OL : Citigroup raises price target to Nok 175 from Nok 160;sell
* Novartis NOVN.VX : Credit Suisse raises target price to Sfr 95 from Sfr 90; outperform
* Novo Nordisk NOVOb.CO : Credit Suisse raises target price to Dkk 252 from Dkk 230;neutral
* OCI NV OCI.AS : Barclays raises price target to 35 euros from 34 euros; equal weight
* Orion ORNBV.HE : Credit Suisse raises target to 20 euros from 18 euros; underperform
* Petroleum Geo Services PGS.OL : Barclays cuts target to Nok 60 from Nok 75; equal weight
* Pirelli & C SpA PECI.MI : Exane BNP Paribas cuts target by 7 pct to 13.5 euros;outperform
* Ramirent RMR1V.HE : Danske Bank raises to buy from hold
* Recordati RECI.MI : Credit Suisse raises target to 12.40 euros from 11 euros; neutral
* Richemont CFR.VX : Kepler Cheuvreux cuts target price to Sfr 105 from Sfr 110
* Rio Tinto RIO.L : S&P Capital IQ cuts price target to 3300p from 3600p; rating hold
* Rosneft ROSN.MM : BofA Merrill cuts to neutral from buy
* Rosneft ROSNq.L : BofA Merrill cuts price target to $6.50 from $8.75
* Rubis SCA RUBF.PA : Berenberg starts with buy rating; price target 52 euros
* SABMiller SAB.L : Nomura cuts price target to 3500p from 3550p; rating neutral
* SABMiller SAB.L : SocGen cuts price target to 3250p from 3400p; rating hold
* SABMiller SAB.L : RBC cuts to underperform from sector perform;target to 3000p from 3300p
* Saint Gobain SA SGOB.PA : Deutsche Bank cuts price target to 44 euros from 48 euros
* Salvatore Ferragamo SFER.MI : Kepler Cheuvreux cuts to hold from buy
* Salvatore Ferragamo SFER.MI : Kepler Cheuvreux cuts target to 20.5 euros from 23.5 euros
* Sanofi SASY.PA : Credit Suisse raises to outperform from neutral rating
* Sanofi SASY.PA : Credit Suisse raises target price to 95 euros from 80 euros
* SDL SDL.L : Panmure cuts target price to 425p from 428p; rating buy
* Secure Trust Bank STBS.L : Canaccord Genuity raises target price to 3200p from 3125p; buy
* Shaftesbury Plc SHB.L : HSBC raises price target to 681p from 650p
* Shaftesbury Plc SHB.L : HSBC raises to neutral from underweight
* SHB SHBa.ST : Credit Suisse raises price target to Sek 301 from Sek 298; underperform
* Shire SHP.L : Credit Suisse raises target price to 5400p from 4200p; rating neutral
* Shire SHP.L : S&P Capital IQ raises to buy from hold
* Shire SHP.L : S&P Capital IQ cuts price target to 4450p from 5250p
* SKF SKFb.ST : Besi Research cuts price target to Sek 120 from Sek 140; rating sell
* Solvay SA SOLB.BR : Barclays raises to overweight from equal weight
* Solvay SA SOLB.BR : Barclays raises price target to 135 euros from 131 euros
* Standard Life SL.L : Canaccord Genuity cuts price target to 430p from 460p
* Stroeer Media AG SAXG.DE : Berenberg raises target to 16.60 euros from 12.90 euros; hold
* Swatch UHR.VX : Kepler Cheuvreux cuts target price to Sfr 560 from Sfr 600
* Swedbank AB SWEDa.ST : Credit Suisse raises to neutral from underperform rating
* Swedbank AB SWEDa.ST : Credit Suisse raises target price to Sek 178 from Sek 157
* Syngenta AG SYNN.VX : Barclays cuts price target to Sfr 314 from Sfr 345; equal weight
* Synthomer Plc SYNTS.L : Barclays cuts price target to 266p from 281p; rating overweight
* Technip TECF.PA : Natixis cuts target price to 62 euros from 67 euros; rating neutral
* Telenor TEL.OL : Credit Suisse cuts target price to Nok 142 from Nok 150; rating neutral
* Tod's TOD.MI : Kepler Cheuvreux cuts target price to 73 euros from 80 euros
* Transmode AB TRMO.ST : Danske Bank starts with buy; price target Sek 85
* TSB Banking TSB.L : Canaccord Genuity starts with sell; price target 230p
* UBM Plc UBM.L : SocGen cuts price target to 800p from 870p; rating buy
* UBM Plc UBM.L : Kepler Cheuvreux cuts to hold from buy; target price to 630p from 685p
* UCB UCB.BR : Credit Suisse raises target price to 58 euros from 53 euros; rating neutral
* Ultra Electronics Holdings ULE.L : Deutsche Bank raises target to 1750p from 1700p; hold
* Vestas VWS.CO : BofA Merrill raises to neutral from underperform
* Vestas Wind Systems VWS.CO : Credit Suisse raises price target to Dkk 185 from Dkk 175
* Vestas Wind Systems VWS.CO : Credit Suisse raises to neutral from underperform
* Victrex Plc VCTX.L : Barclays raises price target to 2200p from 2210p; rating overweight
* Vivendi SA VIV.PA : Nomura raises price target to 21 euros from 20 euros; rating neutral
* Volkswagen VOWG_p.DE : Credit Suisse cuts target to 200 euros from 265 euros; outperform
* Weir Group Plc WEIR.L : Investec cuts price target by 125p to 1900p; rating sell
* Wolseley Plc WOS.L : Morgan Stanley raises price target to 3700p from 3625p; overweight
* Workspace Group Plc WKP.L : Jefferies raises price target to 719p; rating buy
* Yara YAR.OL : Barclays raises price target to Nok 303 from Nok 299; rating equal weight
* Yara YAR.OL : Danske Bank raises to buy from hold
(Compiled by Geetha Panchaksharam in Bangalore)
((geetha.panchaksharam@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80
67496149; Reuters Messaging: geetha.panchaksharam.reuters.com@reuters.net))
Keywords: RESEARCH EUROPE/