Europe Research Roundup: Bechtle, Cancom, SAP

Datagroup SE

09/04/2019 08:22

April 9 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Bechtle, Cancom and SAP on Tuesday. 
    
  HIGHLIGHTS
     * Bechtle AG  BC8G.DE : Berenberg cuts to hold from buy
     * Cancom SE  COKG.DE : Berenberg raises to buy from hold
     * Compagnie Financiere Richemont  CFR.S : Credit Suisse cuts to underperform from neutral
     * SAP SE  SAPG.DE : HSBC cuts to hold from buy
     * Severn Trent Plc  SVT.L : JP Morgan cuts to neutral from overweight 
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
          
     * Bechtle AG  BC8G.DE : Berenberg cuts price target to EUR 83 from EUR 96
     * Bechtle AG  BC8G.DE : Berenberg cuts to hold from buy
     * Cancom SE  COKG.DE : Berenberg raises price target to EUR 49 from EUR 45
     * Cancom SE  COKG.DE : Berenberg raises to buy from hold
     * Compagnie Financiere Richemont  CFR.S : Credit Suisse cuts to SFR 64 from SFR 73
     * Compagnie Financiere Richemont  CFR.S : Credit Suisse cuts to underperform from neutral
     * Danske Bank  DANSKE.CO : RBC cuts target price to DKK 150 from DKK 155
     * Datagroup SE  D6HG.DE : Berenberg initiates coverage with buy rating and EUR 47.50 TP
     * Deutsche Bank AG  DBKGn.DE : JP Morgan cuts target price to EUR 7 from EUR 8
     * Firstgroup Plc  FGP.L : HSBC raises target price to 90p from 80p; rating hold
     * Go-Ahead Group Pl  GOG.L : HSBC cuts to hold from buy; raises target to 2010p from 1970p
     * Handelsbanken  SHBa.ST : RBC cuts target price to SEK 105 from SEK 110
     * Just Eat Plc  JE.L : JP Morgan raises target price to 859p from 815p
     * KGHM  KGH.WA : JP Morgan raises target price to PLN 104 from PLN 88
     * Landis&Gyr Group AG  LANDI.S : Credit Suisse raises target price to SFR 82 from SFR 79
     * M.Video  MVID.MM : JP Morgan raises price target to 475 Roubles from 450 Roubles
     * Neste Oyj  NESTE.HE : RBC raises price target to EUR 39 from EUR 30
     * Nordea Bank Abp  NDAFI.HE : RBC cuts target price to SEK 8 from SEK 9
     * Pennon Group Plc  PNN.L : JP Morgan cuts to neutral from overweight 
     * Pennon Group Plc  PNN.L : JP Morgan cuts target price to 780p from 800p
     * Rentokil Initial Plc  RTO.L : JP Morgan raises target price to 375p from 370p
     * SAP SE  SAPG.DE : HSBC cuts to hold from buy
     * SEB AB  SEBa.ST : RBC cuts target price to SEK 105 from SEK 110
     * Severn Trent Plc  SVT.L : JP Morgan cuts to neutral from overweight 
     * Severn Trent Plc  SVT.L : JP Morgan cuts target price to 2,050p from 2,200p
     * Stagecoach Group Plc  SGC.L : HSBC cuts target price to 135p from 165p; rating hold
     * Subsea 7 SA  SUBC.OL : RBC raises target price to NOK 130 from NOK 120
     * Swedbank  SWEDa.ST : RBC cuts target price to SEK 200 from SEK 240
     * TT Electronics Plc  TTG.L : HSBC raises target price to 275p from 265p; rating buy
     * United Utilities Group Plc  UU.L : JP Morgan cuts target price to 920p from 950p
 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))