Europe Research Roundup: Syngenta, ARM Holdings, Software AG
16/07/2014 23:32
July 16 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Syngenta, Salvatore Ferragamo and Alstom, on Wednesday.
HIGHLIGHTS
* Syngenta SYNN.VX : Credit Suisse raises to outperform from neutral
* ARM Holdings ARM.L : Finncap raises to buy from hold
* Tele2 AB TEL2b.ST : S&P Capital IQ raises to hold from sell; target to Sek 87 from Sek 77
* Alstom ALSO.PA : Exane BNP Paribas raises to outperform from neutral rating
* Software AG SOWG.DE : HSBC, SocGen, Bryan Garnier downgrade the stock
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Abcam Plc ABCA.L : N+1 Singer cuts target price to 346p from 392p; rating sell
* Air Liquide AIRP.PA : Nomura raises target price to 108 euros from 98 euros
* Aker Solutions AKSO.OL : Barclays cuts target to Nok 91 from Nok 100; rating underweight
* Akzo Nobel AKZO.AS : Nomura raises target price to 62 euros from 61 euros
* Alent Plc ALNT.L : Liberum starts with buy rating; target price 400p
* Alten SA LTEN.PA : ESN/CM-CIC Securities raises target to 37 euros from 25 euros; reduce
* Alstom ALSO.PA : Exane BNP Paribas raises to outperform from neutral rating
* Ams Ag AMS.S : HSBC cuts to underweight from neutral
* Ams Ag AMS.S : HSBC raises target price to Sfr 134 from Sfr 122
* ARM Holdings ARM.L : Finncap raises to buy from hold
* Aryzta AG ARYN.S : Helvea Baader Bank raises target to Sfr 90 from Sfr 87; rating buy
* Asur ASURB.MX : Deutsche Bank raises target to 185 pesos from 170 pesos; rating hold
* Atlas Copco AB ATCOa.ST : William Blair ups price target to SEK 215 from SEK 190
* ATOS ATOS.PA : ESN/CM-CIC Securities raises target to 66 euros from 55 euros; rating buy
* Atresmedia A3M.MC : Berenberg raises target price to 9 euros from 8.80 euros; rating sell
* Aurubis NAFG.DE : Commerzbank cuts target price to 44 euros from 50 euros; rating buy
* Baloise BALN.VX : Vontobel raises price target by 5 pct to Sfr 124; rating hold
* Banca Monte Dei Paschi BMPS.MI : Deutsche Bank cuts target to 1.40 euros; rating hold
* Banca Popolare Di Milano PMII.MI : Deutsche Bank cuts target to 0.61 euros; rating hold
* BASF BASFn.DE : Nomura raises target price to 93 euros from 90 euros
* BNP Paribas BNPP.PA : Natixis cuts target price to 53.5 euros from 55 euros; neutral
* Brunello Cucinelli BCU.MI : SocGen cuts target to 16 euros from 18 euros; rating sell
* Bureau Veritas BVI.PA : Berenberg cuts target to 19.50 euros from 20 euros; rating hold
* Bwin.Party BPTY.L : Deutsche Bank cuts to hold from buy; cuts target to 110p from 170p
* Byggmax Group BMAX.ST : Danske Bank raises target to Sek 57 from Sek 55; rating hold
* Cementos Argos CCB.CN : Deutsche Bank raises target to 13500 pesos from 11500 pesos; hold
* Cemex Latam CLH.CN : Deutsche Bank raises target to 23000 pesos from 20000 pesos; buy
* CGG GEPH.PA : Barclays cuts target price to 12.50 euros from 13 euros; rating underweight
* Clariant CLN.VX : Nomura raises target price to Sfr 21 from Sfr 20
* Creades CREADa.ST : Danske Bank adjusts price target to Sek 186 from Sek 181; rating hold
* Credit Agricole CAGR.PA : Natixis cuts target to 13.6 euros from 14.8 euros; rating buy
* Danske Bank DANSKE.CO : ALM Brand Markets raises target to Dkk 175 from Dkk 170; neutral
* Deutsche Annington ANNGn.DE : Exane BNP Paribas initiates with outperform rating
* Deutsche Wohnen DWNG.DE : Exane BNP Paribas initiates with neutral rating
* Diageo DGE.L : SocGen cuts to sell from hold; target price to 1650p
* Dialog Semiconductor DLGS.DE : HSBC cuts to neutral from overweight
* Dialog Semiconductor DLGS.DE : HSBC raises target price to 27 euros from 23 euros
* Draegerwerk DRWG.DE : HSBC cuts target price to 78 euros from 98 euros; rating overweight
* Draegerwerk DRWG.DE : Deutsche Bank cuts price target to 67 euros from 80 euros
* DSM DSMN.AS : Davy initiates coverage with neutral rating
* DSM DSMN.AS : Nomura raises target price to 63 euros from 60 euros
* easyJet EZJ.L : Goldman Sachs cuts target to 2010p from 2105p; conviction list buy rating
* Eurofins Scientific EUFI.PA : Berenberg raises target to 250 euros from 220 euros; buy
* Euromoney Institutional Investor ERM.L : Peelhunt cuts target to 1235p from 1250p; buy
* Fenner FENR.L : Investec cuts price target to 300p from 320p; rating sell
* Fenner FENR.L : Finncap cuts price target to 315p from 330p; rating hold
* Getinge AB GETIb.ST : SocGen cuts target price to Sek 165 from Sek 175; rating hold
* Givaudan GIVN.VX : Nomura raises target price to Sfr 1600 from Sfr 1560
* Gjensidige GJFS.OL : Danske Bank raises target price to Nok 121 from Nok 116; rating hold
* Hugo Boss AG BOSSn.DE : Deutsche Bank raises price target to 104 euros from 97 euros
* Imperial Tobacco IMT.L : Renaissance Capital raises target to 2700p from 2550p; hold
* Infineon Tech IFXGn.DE : Jefferies raises target price to 10.44 euros; rating buy
* Intl Consolidated Airlines ICAG.L : Deutsche Bank cuts target to 470p from 506p
* Intl Consolidated Airlines ICAG.L : RBC cuts target to 400p from 460p; sector perform
* Intercontinental Hotels IHG.L : Barclays raises target to 2400p from 2100p; equal weight
* Intertek Group ITRK.L : Berenberg cuts target price to 2800p from 2900p; rating hold
* JM JM.ST : Danske Bank raises price target to Sek 260 from Sek 222; rating buy
* K+S SDFGn.DE : Nomura cuts to reduce from neutral
* KBC Group KBC.BR : Exane BNP Paribas reinitiates coverage with outperform; target 48euros
* KPN KPN.AS : Barclays cuts target price to 3 euros from 3.05 euros; rating overweight
* LEG Immobilien LEGn.DE : Exane Bnp Paribas initiates with outperform rating
* Lenta LNTAq.L : UBS cuts to neutral from buy; raises price target to $14.2 from $13.9
* Linde LING.DE : Nomura cuts target price to 164 euros from 166 euros
* Lindt & Sprüngli LISN.S : UBS raises price target to Sfr 63000 from Sfr 59500; rating buy
* Marine Harvest MHG.OL : Danske Bank raises price target to Nok 96 from Nok 83; rating buy
* N Brown BWNG.L : UBS raises to buy from neutral; price target to 490p from 485p
* Onesavings Bank Plc OSBO.L : RBC starts with outperform rating; 225p target price
* Oxford Instruments OXIG.L : Investec cuts price target to 1500p from 1550p; rating buy
* Petroleum Geo Services PGS.OL : Barclays cuts target to Nok 85 from Nok 91; overweight
* Renault RENA.PA : Barclays raises target to 96 euros from 95 euros; rating overweight
* RIB Software RSTAG.H : UBS cuts price target to 14.5 euros from 15.4 euros; rating buy
* RIO Tinto Plc RIO.L : Investec raises target price to 3220p from 3128p; rating hold
* RSA RSA.L : UBS cuts to sell from neutral; price target to 427p from 455p
* Salvatore Ferragamo SFER.MI : SocGen raises to hold from sell
* Severn Trent Plc SVT.L : S&P Capital IQ cuts to sell from hold rating
* SKF SKFb.ST : Morgan Stanley raises target price to Sek 172 from Sek 166; equal-weight
* SLM Solutions AM3D.DE : Commerzbank starts with reduce; target price 18.50 euros
* Societe Generale SOGN.PA : Natixis cuts target to 51 euros from 52 euros; rating buy
* Software AG SOWG.DE : Berenberg cuts target to 17.10 euros from 21.90 euros; rating sell
* Software AG SOWG.DE : Bryan Garnier cuts to neutral from buy
* Software AG SOWG.DE : HSBC cuts to neutral from overweight
* Software AG SOWG.DE : HSBC cuts target price to 23 euros from 33 euros
* Software AG SOWG.DE : Natixis cuts target to 22.5 euros from 29 euros; rating neutral
* Software AG SOWG.DE : SocGen cuts to sell from hold
* Software AG SOWG.DE : Credit Suisse cuts target to 17 euros from 26.10 euros;underperform
* Software AG SOWG.DE : JP Morgan cuts target to 21 euros from 27 euros; rating underweight
* Software AG SOWG.DE : Deutsche Bank cuts to hold; cuts target to 23 euros from 30 euros
* Software AG SOWG.DE : UBS cuts price target to 24 euros from 29 euros; rating buy
* Solvay SOLB.BR : Nomura raises target price to 121 euros from 119 euros
* Statpro Group SOG.L : Panmure cuts target price to 108p from 119p; rating buy
* STMicroelectronics STM.PA : Jefferies raises target price to 6.92 euros; rating hold
* Stora Enso STERV.HE : ESN/Pohjola raises to reduce from sell
* Storebrand STB.OL : JP Morgan cuts price target to Nok 43.30 from Nok 44.30; overweight
* Subsea 7 SUBC.OL : Barclays cuts target price to Nok 155 from Nok 165; rating overweight
* Sulzer AG SUN.S : Berenberg cuts price target to sfr 148 from sfr 160; rating buy
* Symrise AG SY1G.DE : Nomura cuts to reduce from neutral
* Symrise AG SY1G.DE : Nomura raises target price to 40 euros from 38 euros
* Syngenta SYNN.VX : Berenberg cuts to hold from buy
* Syngenta SYNN.VX : Berenberg cuts target price to Sfr 350 from Sfr 450
* Syngenta SYNN.VX : Credit Suisse raises to outperform from neutral
* Syngenta SYNN.VX : Credit Suisse raises price target to Sfr 365 from Sfr 355
* Tarkett SA TKTT.PA : Raymond James cuts target to 31 euros from 33 euros; outperform
* Tele2 AB TEL2b.ST : S&P Capital IQ raises to hold from sell; target to Sek 87 from Sek 77
* Telekom Austria AG TELA.VI : Exane BNP Paribas ups target to 9.40 euros; outperform
* The Swatch Group SA UHR.VX : Helvea Baader Bank cuts target to Sfr 640 from Sfr 660; buy
* UBM UBM.L : Peelhunt cuts target price to 680p from 720p; rating hold
* UK Mail Group UKM.L : Cantor starts with a buy rating; price target of 700p
* Unilever ULVR.L : Oriel revises to reduce from sell
* Vaudoise VAHN.S : Vontobel raises price target by 5 pct to Sfr 460; rating buy
* WH Smith SMWH.L : UBS adds to European General Retailers Least Preferred List
* Work Service WSEP.WA : Wood and Co raises target to Pln 17.5 from Pln 16.6; rating buy
* Yara YAR.OL : Nomura raises target price to Nok 346 from Nok 336
(Compiled by Fareha Khan, Eileen Anupa Soreng and Jai Ganesh in Bangalore)
((fareha.khan@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749
1130)(Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/