Europe Research Roundup: Intesa Sanpaolo, SABMiller, Colruyt
17/11/2014 17:03
Nov 17 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Colruyt and Schibsted, on Monday.
HIGHLIGHTS
* Colruyt COLR.BR : Jefferies raises to hold from underperform
* Schibsted SBST.OL : SocGen cuts to sell from hold
* SABMiller SAB.L : Citigroup cuts price target to 3800p from 3900p; rating neutral
* Italian Banks: Nomura raises target price on Intesa Sanpaolo ISP.MI ID:nWNAB05ANQ
* CRH CRH.I : S&P Capital IQ raises to buy from hold
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Aegon AEGN.AS : Deutsche Bank cuts target price to 7.20 euros; rating buy
* Aggreko AGGK.L : Barclays raises target price to 1700p from 1695p; rating equal weight
* Aggreko AGGK.L : Exane BNP Paribas cuts target to 1350p from 1500p; rating underperform
* Airbus Group AIR.PA : JP Morgan cuts target to 60.50 euros from 62.50 euros; overweight
* Airbus Group AIR.PA : DZ Bank cuts target to 56.00 euros from 57.00 euros; rating buy
* Airbus Group AIR.PA : RBC raises target to 53 euros from 51 euros; rating outperform
* ALK Abello ALKb.CO : Danske Bank raises to buy rating;cuts target to Dkk 780 from Dkk 810
* ALK Abello ALKb.CO : Nordea Equity Research cuts target to Dkk 725 from Dkk 830; hold
* ARM Holdings ARM.L : Exane BNP Paribas raises to outperform from neutral
* ARM Holdings ARM.L : Exane BNP Paribas raises target price to 1100p from 900p
* Astrazeneca AZN.L : Barclays raises price target to 4400p from 4150p; rating equal weight
* Autogrill AGL.MI : Credit Suisse raises to neutral from underperform
* Autogrill AGL.MI : Credit Suisse cuts target price to 5.80 euros from 6.40 euros
* Banco Popolare BAPO.MI : Nomura cuts target to 12.20 euros from 13.40 euros; neutral
* Banca Popolare Di Milano PMII.MI : Nomura cuts target to 0.66 euros from 0.70 euros; buy
* Bashneft BANE.MM : Credit Suisse cuts target to 1330 Roubles from 1373 Roubles; neutral
* Beijer Alma BEIAb.ST : Danske Bank starts with buy; target price Sek 215
* Bodycote BOY.L : Investec cuts target price to 745p from 750p; rating buy
* Boliden BOL.ST : Carnegie cuts to sell from hold rating
* Booker Group Plc BOK.L : HSBC starts with overweight rating and 180p target price
* Boskalis BOSN.AS : Exane BNP Paribas raises target to 44 euros from 42 euros; neutral
* Bpost BPOST.BR : ESN/ Bank Degroof raises target to 21.50 euros from 21 euros;rating hold
* Brenntag AG BNRGn.DE : DZ Bank raises target to 38.00 euros from 34.00 euros; rating sell
* BT Group Plc BT.L : HSBC raises target price to 480p from 440p; rating overweight
* Cable & Wireless CWC.L : Deutsche Bank cuts to hold from buy; target to 53p from 60p
* Cairo Communication CAI.MI :Kepler Cheuvreux cuts target to 6.90 euros from 7.80 euros;buy
* CF Alba ALB.MC : Kepler Cheuvreux cuts target to 45 euros from 50 euros; rating reduce
* Coca Cola HBC CCH.L : PIRAEUS Bank raises target to 17.50 euros from 13.90 euros; neutral
* Coca-Cola HBC CCH.L : Numis cuts target price to 1286p from 1357p; rating hold
* Colruyt COLR.BR : Jefferies raises to hold from underperform
* Colruyt COLR.BR : Jefferies raises price target to 36 euros from 33 euros
* Continental CONG.DE : HSBC cuts to neutral from overweight
* Continental CONG.DE : HSBC cuts target price to 170 euros from 195 euros
* CRH CRH.I : S&P Capital IQ raises to buy from hold
* DBV Technologies DBV.PA : Bryan Garnier raises target to 47 euros from 40 euros; buy
* Delticom DEXGn.DE : Deutsche Bank raises to hold from sell
* DFDS DFDS.CO : Danske Bank raises target price to Dkk 550 from Dkk 525; rating buy
* Diploma DPLM.L : Jefferies raises target price to 775p from 750p; rating buy
* Dixy Group DIXY.MM : JP Morgan cuts target to 500 roubles from 535 roubles; neutral
* Dixy Group DIXY.MM : Credit Suisse raises target to 528 roubles;outperform
* Dixy Group DIXY.MM : Otkritie Capital raises target price to Roubles 600 from Roubles 590
* Dogus Otomotiv DOAS.IS : HSBC raises target to Tl 13 from Tl 11.2; rating overweight
* Engineering ENG.MI : Kepler Cheuvreux cuts target to 52 euros from 59 euros; rating buy
* Exor EXOR.MI : UBS raises target price to 35 euros from 33 euros; rating neutral
* Faiveley FAIP.PA : Natixis raises to buy from neutral; raises price target to 61 euros
* Fenner FENR.L : UBS cuts to neutral from buy; target price to 300p from 380p
* Flughafen Zurich FHZN.S : Kepler Cheuvreux raises target to Sfr 728 from Sfr 635; buy
* Genel Energy GENL.L : Credit Suisse raises target to 1300p from 1210p; rating outperform
* Global Ports Investments GLPRq.L : Otkritie Capital cuts to hold from buy
* GN Store Nord GN.CO : JP Morgan cuts target price to Dkk 139 from Dkk 143; overweight
* GN Store Nord GN.CO : Nordea Equity Research cuts target to Dkk 135 from Dkk 145; hold
* GN Store Nord GN.CO : Jyske Bank raises rating to reduce from sell; target price Dkk 135
* GN Store Nord GN.CO : Carnegie raises to buy from hold
* Grafton Group GRF_u.L : Berenberg raises target price to 690p from 620p; rating hold
* Grand City Properties SA GYC.DE : DZ Bank AG raises target to 12.00 euros; rating buy
* ICG IR5B_u.I : Investec raises target price to 3.60 euros from 3.50 euros; rating buy
* IMA IMAI.MI : Kepler Cheuvreux raises target price to 36 euros from 35 euros; rating buy
* Imagination Technologies IMG.L : Exane BNP Paribas cuts to underperform from neutral
* Imagination Technologies IMG.L : Exane BNP Paribas cuts target price to 140p from 220p
* IMI PLC IMI.L : Credit Suisse cuts target price to 1450p; rating neutral
* IMI PLC IMI.L : Jefferies raises target price to 1420p from 1415p; rating buy
* IMI PLC IMI.L : JP Morgan cuts target price to 1522p from 1720p; rating overweight
* IMI PLC IMI.L : Morgan Stanley cuts target price to 1354p from 1413p; rating equal-weight
* Intesa Sanpaolo ISP.MI : Nomura raises target to 2.40 euros from 2.30 euros; neutral
* Italcementi ITAI.MI : Deutsche Bank cuts target to 5.30 euros from 5.40 euros;rating hold
* ITE Group Plc ITE.L : Numis cuts target price to 318p from 335p; rating buy
* J Sainsbury SBRY.L : Nomura cuts target price to 220p from 270p; rating neutral
* Jeronimo Martins JMT.LS : JP Morgan raises target to 8.30 euros from 7.70 euros; neutral
* Julius Baer BAER.VX : JP Morgan raises target to Sfr 46 from Sfr 43; rating overweight
* K&S SDFGn.DE : Nomura raises target price to 25 euros from 24 euros; rating neutral
* K&S SDFGn.DE : Commerzbank raises target price to 26.50 euros from 26 euros; rating hold
* K&S SDFGn.DE : Exane BNP Paribas raises target to 19 euros from 17.5 euros; underperform
* KBC KBC.BR : Citigroup raises target price to 53 euros from 50 euros; rating buy
* KBC KBC.BR : ING raises price target to 52.50 euros from 50.50 euros; rating buy
* KBC KBC.BR : HSBC raises target price to 49 euros from 47 euros; rating overweight
* Kungsleden KLED.ST : Danske Bank cuts target price to Sek 53 from Sek 54; rating buy
* Lagardere LAGA.PA : Goldman Sachs cuts target price to 24.3 euros from 25.9 euros
* Lagardere LAGA.PA : Goldman Sachs raises to neutral; removes from pan-europe sell list
* Leasinvest Real Estate LNRE.BR : ESN/ Bank Degroof cuts to reduce from hold
* LEG Immobilien LEGn.DE : Exane BNP Paribas ups target by 7 percent to 62 euros;outperform
* Legal & General LGEN.L : Credit Suisse raises target to 265p from 250p; rating neutral
* Lenta LNTAq.L : JP Morgan cuts target price to $12.50 from $18; rating overweight
* Lenta LNTAq.L : Credit Suisse cuts target price to $12 from $15; rating outperform
* Lenta LNTAq.L : Otkritie Capital cuts target price to $11.5 from $14
* Lenzing LENV.VI : Kepler Cheuvreux raises target to 60 euros from 54 euros; rating buy
* Lloyds Banking Group LLOY.L : Investec cuts target price to 85p from 86p; rating buy
* London Stock Exchange LSE.L : Morgan Stanley ups target to 2280p from 2210p; overweight
* Lukoil LKOHyq.L : Credit Suisse cuts target price to $60 from $66; rating outperform
* M.Video MVID.MM : JP Morgan cuts to neutral from overweight
* M.Video MVID.MM : JP Morgan cuts target price to 220 roubles from 260 roubles
* Magnit MGNTq.L : JP Morgan cuts target price to $69 from $72; rating overweight
* Magnit MGNT.MM : JP Morgan ups target to 15,527 roubles from 12,600 roubles; overweight
* Magnit MGNT.MM : Otkritie Capital raises target to Roubles 14,310 from Roubles 13,020
* Magnit MGNTq.L : Otkritie Capital cuts target price to $67.3 from $71
* Majestic Wine Plc MJW.L : Investec raises to buy from add; cuts target to 410p from 460p
* Mitchells & Butlers MAB.L : Numis raises to add from hold
* Mitie Group MTO.L : UBS cuts target price to 310p from 340p; rating neutral
* Morrisons MRW.L : Goldman Sachs raises to buy from sell; raises price target to 207p
* Motor Oil MORr.AT : ESN/Investment Bank of Greece raises to buy from hold
* Motor Oil MORr.AT :ESN/Investment Bank of Greece ups target to 8.60 euros from 8.30 euros
* NCSP NCSPq.L : Otkritie Capital cuts to hold from buy
* Nibe Industrier NIBEb.ST : SEB Equity Research cuts to hold from buy
* Nibe Industrier NIBEb.ST : SEB Equity Research cuts target price to Sek 213 from Sek 215
* Nibe Industrier NIBEb.ST : Danske Bank raises target price to Sek 206; rating hold
* Nokia Nok1V.HE : Natixis cuts to reduce from neutral; cuts price target to 5.8 euros
* Novolipetsk Steel NLMKq.L : Credit Suisse cuts target to $15.50 from $16.30; neutral
* NSI NSTEc.AS : ING cuts price target to 4.40 euros from 4.50 euros; rating hold
* O'Key OKEYq.L : JP Morgan cuts target price to $6.90 from $11; rating underweight
* O'Key OKEYq.L : Credit Suisse cuts target price to $6 from $7.10; rating underperform
* O'Key OKEYq.L : Otkritie Capital cuts target price to $6.5 from $8.2
* OTP OTPB.BU : Barclays raises target price to Huf 4620 from Huf 4230; rating equal weight
* Per Aarsleff PAALb.CO : Danske Bank raises target to Dkk 1350 from Dkk 1300; rating buy
* Polyus Gold International PGIL.L : UBS cuts to sell from neutral
* Polyus Gold International PGIL.L : UBS cuts target price to 175p from 190p
* Premier Farnell PFL.L : Numis cuts target price to 220p from 240p; rating buy
* PZU PZU.WA : JP Morgan raises target price to Pln 502 from Pln 493; rating overweight
* Record Plc RECL.L : JP Morgan raises target price to 40p from 38p; rating overweight
* Restaurant Group RTN.L : JP Morgan cuts target price to 745p from 755p; rating overweight
* Restaurant Group RTN.L : Deutsche Bank cuts target price to 675p; rating hold
* Roche ROG.VX : ESN/ CM - CIC Securities cuts to accumulate from buy
* Rockwool ROCKb.CO : Nordea Equity Research cuts target to Dkk 900 from Dkk 935; hold
* Romgaz ROSNG.BX : WOOD and Company cuts to hold from buy rating
* Rosneft ROSNq.L : Credit Suisse cuts target price to $6.40 from $6.90; rating neutral
* Rotork Plc ROR.L : Morgan Stanley cuts target to 2480p from 2570p; rating equal-weight
* SABMiller SAB.L : Citigroup cuts price target to 3800p from 3900p; rating neutral
* Salamander Energy SMDR.L : Canaccord Genuity cuts to hold from buy
* Salamander Energy SMDR.L : Canaccord Genuity cuts price target to 121p from 140p
* Salamander Energy SMDR.L : FirstEnergy Capital cuts to market perform from outperform
* Salamander Energy SMDR.L : FirstEnergy Capital cuts target price to 150p from 190p
* Salzgitter SZGG.DE : Exane BNP Paribas raises to neutral from underperform
* Salzgitter SZGG.DE : Exane BNP Paribas raises target price to 27 euros from 24 euros
* SAP SAPG.DE : Bryan Garnier cuts target price to 64 euros from 66 euros; rating buy
* Sarantis SRSr.AT : ESN/ Investment Bank of Greece cuts target to 8.80 euros; rating buy
* Schibsted SBST.OL : Barclays raises target to Nok 475 from Nok 365; rating equal weight
* Schibsted SBST.OL : SocGen cuts to sell from hold
* Schibsted SBST.OL : Goldman Sachs ups target to Nok 707 from Nok 532;conviction list buy
* Severstal CHMFq.L : Credit Suisse cuts to neutral rating; raises target price to $11.90
* Shire SHP.L : Berenberg raises price target to 4100p from 3400p; rating hold
* Sodexo EXHO.PA : Morgan Stanley raises target price to 80 euros from 77 euros
* Standard Chartered STAN.L : Canaccord Genuity cuts target to 850p from 1000p; rating sell
* Ströer SAXG.DE : Commerzbank raises target price to 27 euros from 22 euros; rating buy
* Subsea 7 SUBC.OL : UBS cuts target price to Nok 83 from Nok 85; rating neutral
* Surgutneftegas SNGS_p.MM : Credit Suisse cuts target to 35 Roubles; rating outperform
* Swisscom SCMN.VX : Vontobel raises target price to Sfr 572 from Sfr 548; rating hold
* Symrise SY1G.DE : Citigroup raises price target to 47 euros from 40 euros; rating neutral
* Talanx TLXGn.DE : ESN/Equinet Bank cuts target to 26.50 euros from 28 euros; accumulate
* Talanx TLXGn.DE : Deutsche Bank cuts target to 25 euros from 27.60 euros; rating hold
* Tatneft TATNxq.L : Credit Suisse cuts target price to $35 from $38; rating underperform
* Telecom Italia TLIT.MI : Citigroup raises target to 0.60 euros from 0.50 euros; sell
* Telefonica TEF.MC : HSBC raises target to 12.8 euros from 12.5 euros; rating neutral
* Terna Energy TENr.AT : Euroxx Securities resumes with overweight; target price 4 euros
* Tesco TSCO.L : Goldman Sachs cuts price target to 155p; rating sell
* Topdanmark TOP.CO : Alm Brand marketS raises target to Dkk 195 from Dkk 185; neutral
* Trevi TFI.MI : ESN/ Banca Akros cuts to hold from accumulate
* UBI Banca UBI.MI : Nomura cuts target price to 6.70 euros from 7 euros; rating buy
* Ubisoft Entertainment UBIP.PA : Benchmark cuts target to 16.74 euros from 17.93 euros;buy
* UCB UCB.BR :S&P Capital IQ cuts to strong sell from sell;target to 54 euros from 61 euros
* Unicredit CRDI.MI : Nomura cuts target price to 6.70 euros from 7.60 euros; rating buy
* United Internet UTDI.DE : Deutsche Bank raises target to 39 euros from 37 euros; buy
* Uzin UTZ AG UZUG.DE : ESN/Equinet Bank cuts to accumulate from buy
* Uzin UTZ AG UZUG.DE : ESN/Equinet Bank raises target price to 31 euros from 27 euros
* Victoria Plc VCP.L : Cantor raises target price to 520p from 490p; rating buy
* Vivendi VIV.PA : Barclays cuts target to 20 euros from 20.50 euros; rating equal weight
* Vivendi VIV.PA : Nomura raises target price to 21.30 euros from 21 euros; rating neutral
* Vivendi VIV.PA : SocGen cuts target price to 23 euros from 23.4 euros; rating buy
* Weir Group WEIR.L : Exane BNP Paribas cuts to underperform from outperform
* Weir Group WEIR.L : Exane BNP Paribas cuts target price to 1835p from 2400p
* World Duty Free WDF.MI : Natixis raises target to 7 euros from 6.5 euros; rating neutral
* X5 Retail Group PJPq.L : JP Morgan cuts target to $25 from $27.70; rating overweight
* X5 PJPq.L : Otkritie Capital cuts target price to $22.6 from $24.6
(Compiled by Eileen Anupa Soreng and Jai Ganesh in Bangalore)
((eileen.soreng@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. + 91 80 6749
6131; Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/