Europe Research Roundup: Glencore, Aveva, Enel

Deceuninck NV

23/07/2015 08:00

July 23 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Peugeot and Actelion, on Thursday.  
     
    HIGHLIGHTS 
    * European Autos: Nomura starts with bullish coverage view  ID:nWNAB07KQT  
    * Actelion  ATLN.VX : Berenberg cuts to hold from buy; raises target to Sfr 141 from Sfr 135 
    * Aveva  AVV.L : Citigroup raises to buy from neutral; target to 2660p from 2025p 
    * Enel  ENEI.MI : Citigroup cuts to sell from neutral; target to 4 euros from 4.15 euros 
    * Glencore Plc  GLEN.L : Jefferies cuts to hold from buy 
               
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.   
          
    * Applegreen  APGNA.L : Davy starts with outperform rating 
    * Actelion  ATLN.VX : Berenberg cuts to hold from buy 
    * Actelion  ATLN.VX : Berenberg raises price target to Sfr 141 from Sfr 135 
    * Anglo American Plc  AAL.L : Jefferies cuts price target to 800p from 1100p; rating hold 
    * Antofagasta Plc  ANTO.L : Jefferies cuts price target to 725p from 900p; rating buy 
    * ARM Holdings Plc  ARM.L : Citigroup cuts price target to 1160p from 1315p; rating buy 
    * Atlas Copco  ATCOa.ST : BESI Research raises to neutral from sell 
    * Aubay  AUBT.PA : SocGen raises price target to 18 euros from 15.2 euros; rating buy 
    * Aveva  AVV.L : Citigroup raises price target to 2660p from 2025p 
    * Aveva  AVV.L : Citigroup raises to buy from neutral 
    * Barco  BAR.BR : ING raises price target to 60 euros from 59 euros; rating hold 
    * Barrick Gold Corp  ABX.N : Jefferies cuts price target to $7 from $12; rating hold 
    * Betfair Group Plc  BETF.L : HSBC raises price target to 3000p from 2500p; rating buy 
    * BHP Billiton Plc  BLT.L : Jefferies cuts price target to 1150p from 1450p; rating hold 
    * Continental  CONG.DE : Nomura starts with neutral rating; 211 euros price target 
    * Danske Bank  DANSKE.CO : Credit Suisse ups target to Dkk 229 from Dkk 219 
    * Danske Bank  DANSKE.CO : SocGen raises target price to Dkk 210 from Dkk 185; rating hold  
    * Deceuninck  DECB.BR : ING raises price target to 2.40 euros from 2 euros 
    * Deceuninck  DECB.BR : ING raises to buy from hold 
    * Deutsche Telekom  DTEGn.DE : SocGen raises target to 19.5 euros from 14 euros; rating buy 
    * Easyjet Plc  EZJ.L : HSBC raises price target to 1750p from 1700p; rating hold 
    * Enel SpA  ENEI.MI : Citigroup cuts price target to 4 euros from 4.15 euros 
    * Enel SpA  ENEI.MI : Citigroup cuts to sell from neutral 
    * Faurecia  EPED.PA : Nomura starts with reduce rating; 31 euros price target 
    * First Quantum  FQM.L : Jefferies cuts price target to 900p from 1200p; rating buy 
    * Fonciere Des Murs  FMU.PA : SocGen cuts target to 23 euros from 25 euros; rating hold 
    * Fugro NV  FUGRc.AS : Nomura raises price target to 18 euros from 12 euros; rating neutral 
    * Gemfields Plc  GEM.L : BMO Capital markets raises price target to 90p; rating outperform 
    * Glencore Plc  GLEN.L : Jefferies cuts to hold from buy 
    * Glencore Plc  GLEN.L : Jefferies cuts price target to 220p from 350p 
    * KAZ Minerals Plc  KAZ.L : Jefferies cuts price target to 190p from 250p; rating hold 
    * Kone  KNEBV.HE : BESI Research raises to neutral from sell  
    * LafargeHolcim  LHN.VX : Jefferies cuts price target to Sfr 85 from Sfr 86; rating buy 
    * Lonza  LONN.VX : Citigroup raises price target to Sfr 145 from Sfr 130; rating neutral 
    * LPKF  LPKG.DE : HSBC cuts price target to 10.5 euros from 11 euros 
    * LPKF  LPKG.DE : HSBC raises to buy from hold 
    * Man Group Plc  EMG.L : RBC cuts price target to 185p from 195p 
    * Man Group Plc  EMG.L : RBC raises to outperform from sector perform 
    * Newmont Mining  NEM.N : Jefferies cuts price target to $18 from $23; rating hold 
    * NordGold  NORDNq.L : Jefferies cuts price target to $2.75 from $3; rating hold 
    * Peugeot  PEUP.PA : Nomura starts with neutral rating; 17 euros price target   
    * Publicis  PUBP.PA : Pivotal Research raises target to 57 euros from 56 euros; rating sell 
    * Renault  RENA.PA : Nomura starts with buy rating; 117 euros price target 
    * Rio Tinto  RIO.L : Jefferies cuts price target to 3000p from 3400p; rating buy 
    * Royal Bank of Scotland  RBS.L : HSBC raises price target to 360p from 350p; rating hold 
    * SKF  SKFb.ST : BESI Research raises to neutral from sell   
    * Solocal  LOCAL.PA : Barclays cuts target to 0.40 euros from 0.57 euros; rating underweight 
    * Somfy  DAMA.PA : SocGen raises price target to 319 euros from 296 euros; rating hold 
    * South32  S32.L : Jefferies cuts price target to 85p from 145p  
    * South32  S32.L : Jefferies cuts to hold from buy  
    * Spire Healthcare  SPI.L : Berenberg starts with buy rating; 420p price target 
    * Sports Direct  SPD.L : Citigroup raises price target to 900p from 800p; rating buy 
    * Svenska Cellulosa  SCAb.ST : Nomura raises target to Sek 220 from Sek 200; rating neutral 
    * Svenska Handelsbanken  SHBa.ST : Barclays adjusts target to Sek 133 from Sek 399  
    * Talktalk Telecom  TALK.L : HSBC cuts price target to 430p from 465p; rating buy 
    * Valeo  VLOF.PA : Nomura starts with neutral rating; 126 euros price target   
    * Vedanta  VED.L : Jefferies cuts price target to 450p from 600p; rating hold 
    * Wartsila  WRT1V.HE : BESI Research cuts to neutral from buy 
 
    SECTOR CHANGES: 
    * European Autos & Auto Parts sector: Nomura starts with bullish coverage view 
     
 
 
    
 
 (Compiled by Rachel Chitra in Bengaluru) 
 ((rachel.chitra@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 67496149; 
Reuters Messaging: rachel.chitra.reuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/