Europe Research Roundup: Adecco Group, Equinor, Tofas

CS SA

29/11/2018 07:28

Nov 29 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including British American Tobacco, Imperial Brands and Swedish Match, on
Thursday. 
    
    HIGHLIGHTS    
     * Adecco Group AG  ADEN.S : Goldman Sachs raises to buy from neutral - Trader
     * British American Tobacco Plc  BATS.L : RBC raises to sector perform from underperform
     * Equinor ASA  EQNR.OL : JP Morgan cuts to underweight from neutral
     * Nostrum Oil & Gas Plc  NOGN.L : Stifel cuts to sell from hold
     * Tofas  TOASO.IS : HSBC raises to buy from hold
  
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
    
     * Adecco Group AG  ADEN.S : Goldman Sachs raises to buy from neutral - Trader
     * Aktia Bank Abp  AKTIA.HE : Inderes starts with rating reduce; target price EUR 9.40
     * Aroundtown SA  AT1.DE : Kepler Cheuvreux raises target price to 8.5 euros from 8.3 euros
     * Attendo AB (Publ)  ATTE.ST : Credit Suisse raises target price to SEK 105 from SEK 94
     * AXA  AXAF.PA : Independent Research cuts TP to EUR 24.00 from EUR 25.00; rating hold
     * AXA  AXAF.PA : Kepler Cheuvreux raises target price to 29 euros from 28.8 euros
     * Babcock International Group Plc  BAB.L : Citigroup cuts target price to 520p from 660p
     * Biffa Plc  BIFF.L : Citigroup cuts target price to 200p from 250p
     * BP Plc  BP.L : JP Morgan cuts target price to 575p from 650p
     * British American Tobacco Plc  BATS.L : RBC cuts price target to 2,700p from 3,400p
     * British American Tobacco Plc  BATS.L : RBC raises to sector perform from underperform
     * Cobham Plc  COB.L : Berenberg raises to buy from hold; cuts target price to 124p from 140p
     * Compagnie Financiere Richemont SA  CFR.S : RBC cuts price target to SFR 85 from SFR 100
     * Cranswick Plc  CWK.L : Berenberg cuts target price to 3550p from 3625p
     * Daily Mail and General Trust P L C  DMGOa.L : Credit Suisse cuts TP to 770p from 780p
     * Dogus Otomotiv  DOAS.IS : HSBC cuts target price to TL 5 from TL 5.3; rating hold
     * Efore Plc  EFO1V.HE : Inderes cuts target price to EUR 0.05 from EUR 0.18; rating increase
     * Equinor ASA  EQNR.OL : JP Morgan cuts target price to NOK 190 from NOK 230
     * Equinor ASA  EQNR.OL : JP Morgan cuts to underweight from neutral
     * Ford Otosan  FROTO.IS : HSBC cuts target price to TL 70.5 from TL 76.8; rating buy
     * Groupe Cs  SIGF.PA : Portzamparc raises TP to EUR 5.80 from EUR 5.60; rating accumulate
     * Halfords Group Plc  HFD.L : Berenberg cuts target price to 290p from 350p
     * Imperial Brands Plc  IMB.L : Jefferies cuts target price to 3,500p; rating buy
     * ISS  ISS.CO : Goldman Sachs cuts target price to DKK 210 from DKK 240
     * ISS  ISS.CO : Goldman Sachs cuts to sell from neutral
     * Johnson Matthey Plc  JMAT.L : Macquarie starts coverage with outperform rating
     * Julius Baer Gruppe AG  BAER.S : Credit Suisse cuts target price to SFR 45 from SFR 51
     * Lundbeck  LUN.CO : Kepler Cheuvreux raises to hold from reduce; target price DKK 277
     * Nostrum Oil & Gas Plc  NOGN.L : Stifel cuts price target to 95p from 253p
     * Nostrum Oil & Gas Plc  NOGN.L : Stifel cuts to sell from hold
     * Novo Nordisk  NOVOb.CO : Kepler Cheuvreux raises target price to DKK 290 from DKK 272
     * Paypoint Plc  PAYP.L : Jefferies cuts target price to 1,100p from 1,200p
     * Premier Asset Management Group Plc  PAM.L : Liberum cuts price target to 252p from 261p
     * Restaurant Group Plc  RTN.L : Canaccord Genuity cuts price target to 190p from 310p
     * RPC Group Plc  RPC.L : JP Morgan cuts target price to 1,000p from 1,120p
     * Senior Plc  SNR.L : JP Morgan cuts target price to 275p from 390p
     * Senior Plc  SNR.L : JP Morgan cuts to neutral from overweight
     * Senior Plc  SNR.L : Raymond James cuts price target to 310p from 340p
     * SIG Plc  SHI.L : JP Morgan cuts target price to 110p from 135p
     * SSAB AB  SSABa.ST : JP Morgan cuts target price to SEK 53.50 from SEK 55.00
     * SSAB AB  SSABb.ST : JP Morgan cuts target price to SEK 45.00 from SEK 46.50
     * Swedish Match AB  SWMA.ST : Jefferies cuts target price to SEK 307; rating underperform
     * Telford Homes Plc  TELF.L : Canaccord Genuity cuts price target to 415p from 500p
     * Tofas  TOASO.IS : HSBC cuts target price to TL 22.5 from TL 25.2
     * Tofas  TOASO.IS : HSBC raises to buy from hold
     * Turk Traktor  TTRAK.IS : HSBC raises to hold from reduce
     * UPM-Kymmene Oyj  UPM.HE : Inderes cuts TP to EUR 25.00 from EUR 28.50; rating reduce
     * Vapiano SE  VAO.DE : Kepler Cheuvreux cuts target price to 7 euros from 16 euros
     * Wendel  MWDP.PA : Kepler Cheuvreux cuts target price to 135 euros from 145 euros
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))