Europe Research Roundup: Centrica, Petrofac, WPP
07/01/2019 07:37
Jan 7 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Centrica, Petrofac and WPP, on Monday.
HIGHLIGHTS
* Centrica Plc CNA.L : Jefferies cuts to hold from buy
* Petrofac Ltd PFC.L : Jefferies raises to buy from hold
* SKF SKFb.ST : Morgan Stanley raises to equal-weight from underweight
* WPP Plc WPP.L : Pivotal Research raises price target to 1140p from 1030p
* Yara International ASA YAR.OL : Citigroup raises to buy from sell
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* A.P. Moller-Maersk MAERSKb.CO : Barclays cuts price target to DKK 8500 from DKK 10800
* Admiral Group Plc ADML.L : Deutsche Bank cuts price target to 2070p from 2100p
* Amryt pharma Plc AMYT.L : Stifel raises price target to 72p from 62p
* Aviva Plc AV.L : Deutsche Bank cuts price target to 490p euros from 600p
* Baloise Holding AG BALN.S : Deutsche Bank cuts price target to SFR 167 from SFR 170
* Barclays BARC.L : Independent Research cuts target price to 175.0p from 195.0p; hold
* British American Tobacco BATS.L : Cowen and Company cuts target to 2650p from 4250p
* British American Tobacco BATS.L :Cowen and Company cuts to market perform from outperform
* Carnival Plc CCL.L : Morgan Stanley cuts target price to 4300p from 4800p
* Centrica Plc CNA.L : Jefferies cuts price target to 125p from 170p
* Centrica Plc CNA.L : Jefferies cuts to hold from buy
* Circassia Pharmaceuticals Plc CIRCI.L : Stifel cuts price target to 42p from 55p
* Coca-Cola European Partners Plc CCE.AS : Jefferies raises to buy; raises PT to 49 euros
* Compagnie Financiere Richemont SA CFR.S : JP Morgan cuts target to SFR 75 from SFR 89
* Daetwyler Holding AG DAE.S : UBS raises to buy from neutral
* Direct Line Insurance Group Plc DLGD.L : Deutsche Bank cuts target to 360p from 370p
* DSV DSV.CO : Barclays cuts price target to DKK 605 from DKK 625
* Dunelm Group Plc DNLM.L : Peel Hunt raises target price to 800p from 750p
* Dunelm Group Plc DNLM.L : Stifel raises price target to 760p from 710p
* Enquest Plc ENQ.L : RBC cuts price target to 15p from 55p
* First Derivatives Plc FRST.L : Berenberg cuts price target to 2,100p from 4,300p
* Funding Circle Holdings Plc FCH.L : BofA Merrill cuts to neutral
* G4S Plc GFS.L : HSBC cuts target price to 220p from 245p; rating hold
* Gjensidige Forsikring ASA GJFS.OL : Deutsche Bank cuts target to NOK 130 from NOK 135
* Handelsbanken SHBa.ST : Jefferies raises price target to SEK 109
* Hargreaves Lansdown Plc HRGV.L : Deutsche Bank cuts cuts to sell from hold
* Hargreaves Lansdown Plc HRGV.L : Deutsche Bank cuts price target to 1500p from 1900p
* Hays Plc HAYS.L : HSBC raises to buy from hold
* Helvetia Holding AG HELN.S : Deutsche Bank cuts price target to SFR 608 from SFR 620
* HSBC Holdings Plc HSBA.L : Citigroup cuts rating to sell
* Imperial Brands Plc IMB.L : Cowen and Company cuts price target to 2500p from 3100p
* Imperial Brands Plc IMB.L : Cowen and Company cuts to market perform from outperform
* Intercontinental Hotels IHG.L :Morgan Stanley cuts target priceto 3,900p from 4300p
* Intercontinental Hotels IHG.L :Morgan Stanley cuts to underweight from equal-weight
* ISS A/S ISS.CO : Credit Suisse cuts target price to DKK 200 from DKK 250
* J D Wetherspoon Plc JDW.L : Morgan Stanley raises target priceto 970p from 950p
* John Wood Group Plc WG.L : Jefferies cuts price target to 550p from 700p
* Just Group Plc JUSTJ.L : Deutsche Bank cuts price target to 100p from 130p
* Kuehne Und Nagel Intl KNIN.S : Barclays cuts price target to SFR 135 from SFR 140
* Legal & General Group Plc LGEN.L : Deutsche Bank cuts price target to 290p from 305p
* Legal & General Group Plc LGEN.L : Deutsche Bank raises to buy from hold
* Lloyds Banking Group Plc LLOY.L : Citigroup raises rating to buy
* Lundin Petroleum AB LUPE.ST : RBC raises price target to SEK 240 from 220
* Pagegroup Plc PAGE.L : HSBC cuts target price to 675p from 700p; rating buy
* Petrofac Ltd PFC.L : Jefferies cuts price target to 590p from 640p
* Petrofac Ltd PFC.L : Jefferies raises to buy from hold
* Petrofac Ltd PFC.L : Jefferies cuts price target to 590p from 640p
* Phoenix Group Holdings PHNX.L : Deutsche Bank cuts price target to 710p from 770p
* Playtech Plc PTEC.L : Morgan Stanley cuts target priceto 550p from 650p
* President Energy PPTC.L : Panmure Gordon starts with buy rating; price target at 15p
* Prudential Plc PRU.L : CFRA cuts target price to 1800p from 2100p
* Prudential Plc PRU.L : Deutsche Bank cuts price target to 1750p from 2100p
* Relx Plc REL.L : HSBC raises target price to 1870p from 1830p; rating buy
* RSA Insurance Group Plc RSA.L : Deutsche Bank cuts price target to 590p from 610p
* SEB AB SEBa.ST : Jeffeeries raises price target to SEK 98
* SKF SKFb.ST : Morgan Stanley raises target price to SEK 160 from SEK 159
* SKF SKFb.ST : Morgan Stanley raises to equal-weight from underweight
* SSP Group Plc SSPG.L : Morgan Stanley raises to equal-weight from underweight
* St. James's Place Plc SJP.L : Deutsche Bank cuts price target to 1090p from 1280p
* St. James's Place Plc SJP.L : Deutsche Bank cuts to hold from buy
* St. James's Place Plc SJP.L : UBS cuts price target to 950p from 1050p
* Standard Life Aberdeen Plc SLA.L : Deutsche Bank cuts price target to 295p from 405p
* Standard Life Aberdeen Plc SLA.L : Deutsche Bank cuts to hold from buy
* Swedbank SWEDa.ST : Jefferies raises price target to SEK 242
* Swiss Life Holding AG SLHN.S : Deutsche Bank cuts price target to SFR 405 from SFR 415
* Swiss Re AG SRENH.S : Deutsche Bank cuts price target to SFR 100 from SFR 101
* Ted Baker Plc TED.L : RBC cuts price target to 2,000p from 2,500p
* Ti Fluid Systems Plc TIFS.L : JP Morgan cuts target price to 250p from 370p
* Topdanmark TOP.CO : Deutsche Bank cuts price target to DKK 270 from DKK 280
* Tryg TRYG.CO : Deutsche Bank cuts price target to DKK 140 from DKK 145
* Tullow Oil Plc TLW.L : RBC cuts price target to 275p from 300p
* Volvo AB VOLVb.ST : JP Morgan cuts target price to SEK 150 from SEK 190
* Volvo AB VOLVb.ST : JP Morgan cuts to neutral from overweight
* Whitbread WTB.L : Morgan Stanley resumes coverage with overweight rating; TP of 5,200p
* WPP Plc WPP.L : Pivotal Research raises price target to 1140p from 1030p
* Yara International ASA YAR.OL : Citigroup raises price target to NOK 392 from NOK 320
* Yara International ASA YAR.OL : Citigroup raises to buy from sell
* Zurich Insurance Group AG ZURN.S : Deutsche Bank cuts target to SFR 300 from SFR 305
Sector Change:
* European Insurers: Deutsche Bank cuts sector view to neutral from overweight
(Compiled by Bengaluru Newsroom)
((Diaries@thomsonreuters.com))