EUROPE RESEARCH ROUNDUP: Anglo American, France Telecom, Lloyds Banking Group

Damartex SA

04/03/2013 14:21

March 4 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Anglo American and France Telecom, on Monday.  
     
    HIGHLIGHTS 
    * Anglo American PLC   : Nomura cuts to reduce from neutral; target to 1700p from 1800p 
    * France Telecom SA   : Morgan Stanley raises to overweight from underweight 
    * Lloyds Banking Group PLC   : SocGen raises target price to 61p from 52p; rating buy 
    * WPP PLC   : BMO raises target price to 1000p from 800p; rating market perform 
    * Ryanair Holdings PLC   : UBS raises target to 6.50 euros from 5.10 euros; rating buy 
       
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.   
     
    * ABB Ltd   : RBC raises target price to Sfr 22 from Sfr 21; rating Sector Perform 
    * African Barrick Gold   : RBC cuts target price to 400p from 500p; rating outperform 
    * Ahold   : Credit Suisse raises target to 12 euros from 11 euros; rating outperform 
    * Amlin PLC   : Peel Hunt cuts target price to 428p from 444p; rating hold 
    * Anglo American PLC   : Nomura cuts to reduce from neutral; target to 1700p from 1800p 
    * Aggreko PLC   : JP Morgan raises target price to 1870p from 1845p; rating neutral 
    * Antena 3 de Television   : Nomura raises target to 3.15 euros from 2.85 euros 
    * Avocet Mining PLC   : Liberum raises to buy 
    * BBA Aviation PLC   : UBS raises target price to 250p from 200p; rating neutral 
    * BBA Aviation PLC   : Liberum capital raises target to 253p from 210p; rating hold. 
    * BBA Aviation PLC   : Westhouse raises target price to 250p from 220p; rating neutral 
    * Belgacom   : Espírito Santo cuts fair value to 9 euros from 10.70 euros 
    * Belgacom   : Exane BNP Paribas cuts target to 18 euros from 20 euros 
    * Beiersdorf AG   : Deutsche Bank raises target to 85 euros from 75 euros; rating buy 
    * Bekaert   : JP Morgan cuts target price to 22 euros from 24 euros; rating neutral 
    * Bouygues SA   : RBC raises target to 21 euros from 20 euros; rating sector perform 
    * Brenntag AG   : Deutsche Bank ups target to 133.60 euros from 114 euros 
    * British American Tobacco PLC   : Nomura raises target price to 3985p from 3880p 
    * British American Tobacco PLC   : UBS raises target to 3750p from 3550p; rating buy 
    * British American Tobacco   : Citigroup ups target to 4000p from 3785p; rating buy 
    * British Land Company Plc   : Morgan Stanley raises target price to 625p from 570p 
    * British Polythene Industries   : Investec ups target to 550p from 450p; rating buy 
    * Brunel International NV   : Natixis cuts target to 31 euros from 38 euros 
    * Bunzl PLC   : UBS raises to neutral from sell; price target to 1250p from 1000p 
    * Capita PLC   : Jefferies raises target price to 1010p from 840p; rating buy 
    * Capita PLC   : Berenberg raises target price to 955p from 870p; rating buy 
    * Cargotec Oyj   : Deutsche Bank raises to buy from hold 
    * Cargotec Oyj   : Deutsche Bank raises price target to 29 euros from 20 euros 
    * Carlsberg A/S   : S&P Capital IQ raises target to DKK 660 from DKK 630 
    * Carrefour SA   : Jefferies raises target to 20 euros from 17 euros; rating hold 
    * Centrica PLC   : SocGen raises to buy from hold; price target to 400p from 371p 
    * Cineworld Group PLC   : Peel Hunt raises target price to 328p from 301p; rating buy 
    * CLS Holdings PLC   : Peel Hunt raises to buy from hold; target to 920p from 790p 
    * Compugroup Medical AG   : Deutsche Bank raises target to 23 euros from 16 euros 
    * CGG Veritas   : UBS cuts target price to 22.50 euros from 27.50 euros; rating buy 
    * Croda International   : Jefferies raises target to 2600p from 2300p; rating hold 
    * D E Master Blenders 1753   : Nomura raises target to 10.80 euros from 10 euros 
    * Debenhams PLC   : Nomura cuts target price to 110p from 120p; rating neutral 
    * Debenhams PLC   : Investec cuts to hold from buy; target price to 90p from 130p 
    * Debenhams PLC   : Cantor Fitzgerald cuts target price to 80p from 95p; rating reduce 
    * Damartex SA   : SocGen raises to buy from hold; target to 18 euros from 16.2 euros 
    * Debenhams PLC   : Panmure cuts price target to 104p from 112p 
    * Diageo PLC   : Credit Suisse raises price target to 1,975p from 1,900p 
    * Direct line Group Plc   : Credit Suisse raises target to 247p from 243p 
    * EADS   : Citigroup raises target price to 45 euros from 40 euros; rating buy 
    * EGIS Gyogyszergyar Nyrt   : Jefferies raises to buy from hold 
    * EGIS Gyogyszergyar Nyrt   : Jefferies raises target to Huf 23,300 from Huf 19,200 
    * Eurasian Natural Resources Corp PLC   : RBC raises target to 375p from 325p 
    * Faroe Petroleum PLC   : Nomura cuts target price to 205p from 216p; rating buy 
    * FCC   : Socgen cuts target price to 8.7 euros from 9.9 euros; rating hold 
    * France Telecom SA   : Morgan Stanley raises to overweight from underweight 
    * France Telecom SA   : Morgan Stanley raises target to 9.60 euros from 8.90 euros 
    * Fresenius Medical Care AG & Co   : SocGen cuts target to 61.9 euros from 69 euros 
    * Fresenius SE & Co   : SocGen raises target price by 1 euro to 121 euros; rating buy 
    * GKN PLC   : Goldman Sachs ups to neutral from sell; removes from pan-europe sell list 
    * Hammerson PLC   : Jefferies raises target price to 535p from 476p; rating hold 
    * Hikma Pharma PLC   : JP Morgan raises target to 1100p from 860p; rating overweight 
    * Hikma Pharmaceuticals PLC   : Peel Hunt cuts to sell from hold 
    * Home Retail Group Plc   : UBS cuts to neutral from buy; target to 135p from 145p  
    * Iberdrola SA   : SocGen raises target to 4.77 euros from 4.32 euros; rating buy 
    * International Airlines Group   : Credit Suisse raises target to 295p from 259p 
    * Interserve PLC   : Numis raises target price to 565p from 460p; rating add 
    * Intertek Group PLC   : Goldman Sachs raises target to 4427p from 4335p; rating buy 
    * Intertek Group PLC   : Cantor raises target price to 3250P from 2750P; rating hold 
    * IVG Immobilien AG   : HSBC ups target to 2.50 euros from 1.90 euros; rating neutral 
    * Jupiter Fund Management   : RBC ups target to 340p from 330p; rating sector perform 
    * Kazakhmys PLC   : Deutsche Bank cuts target price to 650p from 735p; rating hold 
    * Keller Group PLC   : Peel Hunt raises target price to 805p from 685p; rating buy 
    * Kerry Group PLC   : JP Morgan raises target to 43.50 euros from 40 euros 
    * Kofax PLC   : Panmure raises price target to 294p from 290p 
    * Kudelski SA   : Helvea raises to buy from accumulate 
    * Kuehne & Nagel   : JP Morgan cuts target to Sfr 119 from Sfr 123; rating neutral 
    * Laird PLC   : JP Morgan cuts target price to 280p from 291p; rating overweight 
    * Land Securities Group Plc   : Morgan Stanley raises target price to900p from 830p 
    * Legal & General Group PLC   : Panmure raises price target to 190p from 154p 
    * Lagardere SCA   : Deutsche Bank raises to hold from sell 
    * Lagardere SCA   : Deutsche Bank raises price target to 26 euros from 22 euros 
    * Legrand SA   : Berenberg raises target to 37.10 euros from 36.10 euros; rating hold 
    * Luxottica Group SpA   : Nomura ups target to 35 euros from 31 euros; rating reduce 
    * Lloyds Banking Group PLC   : SocGen raises target price to 61p from 52p; rating buy 
    * Lloyds Banking Group PLC   : Deutsche Bank cuts target to 64p from 66p; rating buy 
    * Logitech International SA   : Credit Suisse raises target to Sfr 5.4 from Sfr 5.3 
    * Metro AG   : Citigroup cuts target price to 15 euros from 19 euros; rating sell 
    * Merck KGAA   : UBS raises price target to 120 euros from 111 euros; rating buy 
    * Millicom International   : Exane BNP Paribas cuts to neutral from outperform 
    * Millicom International   : Exane BNP Paribas cuts target to Sek570 from Sek 725 
    * Next PLC   : UBS cuts to neutral from buy  
    * Old Mutual PLC   : UBS cuts to neutral from buy; raises target to 215p from 205p 
    * Old Mutual PLC   : Deutsche Bank raises target price to 230p from 205p; rating buy 
    * OMV   : HSBC raises target price to 35 euros from 29 euros; rating neutral 
    * Persimmon PLC   : UBS raises target price to 1025p from 880p; rating buy 
    * Portugal Telecom SGPS SA   : HSBC raises target to 4 euros from 3.6 euros 
    * Publicis Groupe SA   : UBS raises target to 50 euros from 42 euros; rating neutral 
    * Publishing Technology   : Westhouse securities raises target to 260p from 230p 
    * Rallye SA   : Natixis raises target price to 32 euros from 30 euros; rating buy 
    * Red Electrica Corporacion SA   : Deutsche Bank ups target to 41 euros from 37 euros 
    * Regus PLC SA   : Goldman Sachs reinstates with neutral rating; target price 130p 
    * Richter   : Jefferies cuts target price to Huf 34,500 from Huf 39,700; rating hold 
    * Rightmove PLC   : JP Morgan raises target to 1974p from 1802p; rating overweight 
    * Rightmove PLC   : UBS raises target price to 1900p from 1800p; rating buy 
    * Rightmove PLC   : Canaccord Genuity raises target by 7 percent to 2170p; rating buy 
    * RPS Group PLC   : Jefferies raises target price to 285p from 280p; rating buy 
    * Ryanair Holdings PLC   : UBS raises target to 6.50 euros from 5.10 euros; rating buy 
    * Sagentia Group PLC   : Westhouse securities cuts to add from buy 
    * Schneider Electric   : UBS raises target to 57 euros from 50 euros; rating neutral 
    * Schweiter Technologies AG   : Helvea raises to buy from accumulate 
    * Senior PLC   : Jefferies raises target price to 268p from 236p; rating buy 
    * Somfy SA   : Socgen raises target price to 202 euros from 168 euros; rating buy 
    * Spirax-Sarco Engineering   : UBS raises target price to 2400p from 2200p 
    * Spirent Communications plc   : Panmure raises price target to 206p from 191p 
    * Swiss Re AG   : Credit Suisse ups target to Sfr 69 from Sfr 67.5; rating neutral 
    * Swiss Life Holding AG   : JP Morgan raises target to Sfr 220 from Sfr 210 
    * Taylor Wimpey PLC   : JP Morgan raises target price to 81p from 78p; rating neutral 
    * Taylor Wimpey PLC   : Deutsche Bank raises target to 83.20p from 77.70p; rating buy 
    * Telefonica   : Espírito Santo raises to neutral from sell 
    * Telefonica   : Espírito Santo raises fair value to 9.5 euros from 8.6 euros 
    * Telefonica SA   : JP Morgan raises to overweight from neutral 
    * Television Francaise 1 SA   : UBS raises target to 8.3 euros from 7.7 euros 
    * Thales   : JP Morgan raises target to 37.50 euros from 33 euros; rating overweight 
    * Thales SA   : Deutsche Bank raises to buy from hold 
    * UBM PLC   : Berenberg raises target price to 835p from 670p; rating buy 
    * UBM PLC   : Goldman Sachs cuts target price to 870p from 910p; rating buy 
    * UBM PLC   : JP Morgan raises target price to 795p from 770p; rating neutral 
    * UCB S.A.   : Jefferies raises target to 36 euros from 34 euros; rating underperform 
    * Weir Group PLC   : Investec cuts to hold from buy 
    * Weir Group PLC   : raises target price to 2370p from 2250p 
    * Wilmington Group PLC   : Peel Hunt raises target price to 140p from 135p; rating sell 
    * William Hill PLC   : JP Morgan raises target to 510p from 410p; rating overweight 
    * William Hill PLC   : Natixis raises target price to 490p from 485p; rating buy 
    * William Hill PLC >WMH.L>: Morgan Stanley raises target price to 460p from 410p 
    * WPP PLC   : Natixis raises target price to 1000p from 820p; rating reduce 
    * WPP PLC   : BMO raises target price to 1000p from 800p; rating market perform 
    * WPP PLC   : Nomura raises target price to 1215p from 1030p; rating buy 
    * WPP PLC   : SocGen raises target price to 1210p from 1110p; rating buy 
    * WS Atkins PLC   : Jefferies raises target price to 900p from 800p; rating hold 
    * WS Atkins PLC   : Panmure raises price target to 780p from 630p 
    * Zurich Insurance Group AG   : RBC raises target price to Sfr 290 from Sfr 280 
 
 
 
 (Compiled by Tej Sapru in Bangalore) 
 ((tej.sapru@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 4135 
5800)(Reuters Messaging: tej.sapru.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/