Europe Research Roundup: UBS, Carl Zeiss, SKF
03/02/2016 08:13
Feb 3 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Talktalk Telecom, UBS and Arcelik, on Wednesday.
HIGHLIGHTS
* UBS Group AG UBSG.VX : RBC cuts to sector perform from outperform
* Carl Zeiss Meditec AG AFXG.DE : HSBC raises to buy from hold
* SKF SKFb.ST : Liberum raises to hold from sell
* Talktalk Telecom Group Plc TALK.L : Goldman Sachs cuts to neutral from buy
* Arcelik ARCLK.IS : Oyak Securities raises to marketperform
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Alfa Laval ALFA.ST : Barclays cuts target price to Sek 120 from Sek 125; underweight
* Alfa Laval ALFA.ST : Credit Suisse cuts price target to Sek 128 from Sek 139; neutral
* Alfa Laval ALFA.ST : Morgan Stanley cuts target to Sek 143 from Sek 152; underweight
* Alumasc Group ALUG.L : Peel Hunt raises target price to 210p from 195p; rating buy
* Ap Moeller - Maersk MAERSKb.CO : Jefferies cuts target to Dkk 11500 from Dkk 12500; buy
* Arcelik as ARCLK.IS : Oyak Securities raises to marketperform
* Arcelik as ARCLK.IS : Oyak Securities raises target price to Tl 16.50 from Tl 14.50
* Atresmedia A3M.MC : Jefferies starts with hold; target price 9.5 euros
* Banco Popolare Sc BAPO.MI : Citigroup cuts target price to 10.10 euros from 15 euros
* Bankia SA BKIA.MC : SocGen cuts price target to 0.98 eur from 1.20 eur; rating hold
* Barratt BDEV.L : Canaccord Genuity starts with hold; target price 630p
* Bellway BWY.L : Canaccord Genuity starts with buy; target price 3,390p
* Berkeley BKGH.L : Canaccord Genuity starts with buy; target price 4,180p
* Bovis BVS.L : Canaccord Genuity starts with buy; target price 1, 150p
* BP Emilia EMII.MI : Citigroup cuts target price to 6.8 euros from 8.7 euros
* BP Milano PMII.MI : Citigroup cuts target price to 0.85 euros from 1 euro
* BP Plc BP.L : RBC cuts target price to 370p from 390p; rating sector perform
* Cargotec Oyj CGCBV.HE : HSBC raises to buy from hold; target to 36 euros from 33 euros
* Carl Zeiss Meditec AG AFXG.DE : HSBC raises to buy from hold
* Carl Zeiss Meditec AG AFXG.DE : HSBC raises price target to 32 euros from 23 euros
* Carpetright CPRC.L : Berenberg starts with hold rating; 450p price target
* Crest Nicholson CRST.L : Canaccord Genuity starts with buy; target price 670p
* Deutsche Pfandbriefbank PBBG.DE : Citigroup raises to buy from neutral
* Deutsche Pfandbriefbank PBBG.DE : Citigroup cuts target to 11.5 euros from 11.75 euros
* Devoteam SA DVTM.PA : SocGen raises price target to 49 euros from 42 euros; rating buy
* Dewhurst DWHT.L : Cantor cuts to hold from buy
* Dewhurst DWHT.L : Cantor cuts price target to 620p from 700p
* Erdemir EREGL.IS : HSBC cuts target price to Tl 3.3 from Tl 3.95
* Erdemir EREGL.IS : HSBC raises to hold from reduce
* Firstgroup Plc FGP.L : Barclays cuts target price to 115p from 128p; rating equal weight
* Hapag Lloyd HLAG.DE : HSBC cuts to hold from buy; target price to 20 euros from 27 euros
* Helvetia HELN.S : Credit Suisse raises price target to Sfr 590 from Sfr 575; outperform
* HSBC Holdings Plc HSBA.L : Investec cuts target price to 540p from 605p; rating buy
* Imi Plc IMI.L : HSBC cuts price target to 1000p from 1100p; rating buy
* Infineon Technologies AG IFXGn.DE : UBS cuts target price to 13.8 euros from 14 euros;buy
* ITV Plc ITV.L : Jefferies assumes with buy
* Lavendon Group Plc LVD.L : Berenberg starts with buy; 230p target price
* LVMH LVMH.PA : Cowen and Company cuts target price to 162 euros from 184 euros
* LVMH LVMH.PA : Goldman Sachs raises target price to 171.9 euros from 164.9 euros; buy
* M6 MMTP.PA : Jefferies starts with hold; 14.8 euros target price
* Mediaset Espana Comunicacion TL5.MC : Jefferies starts with hold; target price 9.15 euros
* Mediaset SpA MS.MI : Jefferies starts with buy; target price 4 euros
* Mediobanca MDBI.MI : Citigroup cuts target price to 9 euros from 11.2 euros
* Natixis SA CNAT.PA : Citigroup cuts price target to 4.50 euros from 5.70 euros; neutral
* Paddy Power Betfair Plc PPB.L : Barclays raises target to 11500p from 10400; overweight
* Persimmon Plc PSN.L : Canaccord Genuity starts with hold; target price 2,080p
* Petkim PETKM.IS : Renaissance Capital starts with buy rating; Tl 5.2 price target
* Prosiebensat 1 Media SE PSMGn.DE : Jefferies starts with buy
* Prosiebensat 1 Media SE PSMGn.DE : Jefferies starts with target price 52 euros
* Raiffeisen Bank RBIV.VI : HSBC cuts price target to 13 euros from 15 euros; rating hold
* Redrow Plc RDW.L : Canaccord Genuity starts with buy; target price 610p
* Sanofi SA SASY.PA : Barclays cuts target price to 84 euros from 88 euros; equal weight
* Sartorius SATG_p.DE : HSBC cuts to hold from buy
* Sartorius SATG_p.DE : HSBC raises target price to 256 euros from 225 euros
* SES SESFd.PA : Nomura cuts price target to 30.50 euros from 32 euros; rating buy
* SKF SKFb.ST : Liberum raises to hold from sell
* Solar A/S SOLARb.CO : HSBC cuts price target to Dkk 440 from Dkk 470; rating hold
* Spirax-Sarco Engineering Plc SPX.L : HSBC cuts price target to 3200p from 3350p; hold
* St. Modwen SMP.L : Liberum cuts target price to 415p from 460p; rating hold
* Standard Chartered Plc STAN.L : Citigroup cuts target price to 465p from 615p; neutral
* Talktalk Telecom Group Plc TALK.L : Goldman Sachs cuts target price to 271p from 312p
* Talktalk Telecom Group Plc TALK.L : Goldman Sachs cuts to neutral from buy
* Talktalk Telecom Group Plc TALK.L : Goldman Sachs removes from Pan-Europe buy list
* Talktalk Telecom Group Plc TALK.L : Nomura cuts target price to 205p from 210p; reduce
* Taylor Wimpey Plc TW.L : Canaccord Genuity starts with buy; target price 210p
* Tele2 AB TEL2b.ST : Nomura cuts price target to Sek 90 from Sek 100; rating neutral
* Television Francaise TFFP.PA : Jefferies starts with underperform; 8.20 euros target
* Telford Homes TELF.L : Canaccord Genuity starts with hold; target price 400p
* UBI Banca UBI.MI : Citigroup cuts target price to 4.90 euros from 7.10 euros
* UBS Group AG UBSG.VX : JP Morgan cuts price target to Sfr 20 from Sfr 23; rating neutral
* UBS Group AG UBSG.VX : Nomura cuts price target to Sfr 20 from Sfr 21; rating neutral
* UBS Group AG UBSG.VX : RBC cuts to sector perform from outperform
* UBS Group AG UBSG.VX : RBC cuts price target to Sfr 17 from Sfr 22
* Unicredit SpA CRDI.MI : Citigroup cuts target price to 4 euros from 6.15 euros
* Unilever NV UNc.AS : Jefferies raises target price to 42 euros from 40 euros; rating hold
* Unilever Plc ULVR.L : Jefferies raises target price to 3190p from 2945p; rating hold
* UPM UPM1V.HE : Jefferies cuts to hold from buy
* UPM UPM1V.HE : Jefferies cuts price target to 17 euros from 19 euros
* Vesuvius VSVS.L : HSBC cuts price target to 375p from 400p; rating buy
* Weir Group Plc WEIR.L : HSBC cuts price target to 750p from 1000p; rating reduce
(Compiled by Geetha Panchaksharam in Bengaluru)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/