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Last Trade - 12/05/21

Sector
Financials
Size
Large Cap
Market Cap £23.98bn
Enterprise Value £55.88bn
Revenue £5.01bn
Position in Universe 30th / 1832

EUROPE RESEARCH ROUNDUP: Societe Generale, Lloyds, Nestle, Aviva

Thu 7th March, 2013 8:41pm

March 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Societe Generale and Lloyds, on Thursday.

HIGHLIGHTS

* Lloyds LLOY.L , Societe Generale SOGN.PA : Exane BNP Paribas removes from top picks list

* Nestle SA NESN.VX : Credit Suisse raises to outperform from neutral

* Ericsson ERICb.ST : UBS raises price target to Sek 80 from Sek 75; rating neutral

* Aviva AV.L : Morgan Stanley removes from Best Ideas list

* Metals:Nomura cuts African Barrick ABGL.L ,Petropavlovsk POG.L to reduce ID:WNAB00YS7

Following is a summary of research actions on European companies reported by Reuters on Thursday. Stock entries are in alphabetical order.

* 888 Holdings PLC 888.L : Numis raises target price to 220p from 175p; rating buy

* Adidas ADSGn.DE : S&P Capital IQ raises target to 78 euros from 68 euros; rating hold

* Admiral Group PLC ADML.L : Nomura raises target price to 1493p from 1350p; rating buy

* African Barrick Gold ABGL.L : Nomura cuts to reduce from neutral

* African Barrick Gold ABGL.L : Nomura cuts price target to 200p from 435p

* Aggreko PLC AGGK.L : Investec raises to buy from hold

* Aggreko PLC AGGK.L : Investec raises target price to 1940p from 1750p

* Alliance Oil Company Ltd AOILsdb.ST : Citigroup cuts to neutral from buy

* Alliance Oil Company Ltd AOILsdb.ST : Citigroup cuts target to Sek 62.70 from Sek 107

* Almirall SA ALM.MC : Jefferies raises target price to 11 euros from 7 euros; rating hold

* Anheuser Busch Inbev SA ABI.BR : Credit Suisse raises target to 90 euros from 80 euros

* Antena 3 A3TV.MC : Deutsche Bank raises target to 3.3 euros from 3 euros; rating sell

* Antofagasta PLC ANTO.L : Goldman Sachs raises to neutral from sell

* ArcelorMittal SA ISPA.AS : Nomura cuts target to 11 euros from 12 euros; rating neutral

* Arcelormittal SA ISPA.AS : JP Morgan cuts target price to 13.50 euros from 15 euros

* ASM International ASMI.AS : Kepler raises target to 32 euros from 30 euros; rating hold

* ASM International ASMI.AS : Natixis raises target price to 30 euros from 25 euros

* Ashtead Group AHT.L : Cantor raises price target to 650p from 500p; rating buy

* Avangard AVGRq.L : JP Morgan cuts target price to $17 from $17.55; rating overweight

* Aviva PLC AV.L : Shore Capital cuts to sell from hold

* Aviva PLC AV.L : Panmure cuts to hold from buy; target price to 340p from 425p

* Aviva AV.L : Morgan Stanley removes from Best Ideas list

* Axel Springer AG SPRGn.DE : JP Morgan cuts target to 35 euros from 41 euros

* Axel Springer SPRGn.DE : Kepler cuts to reduce from hold

* Axel Springer SPRGn.DE : Kepler cuts price target to 31 euros from 36.5 euros

* Axel Springer SPRGn.DE : Berenberg Bank cuts target to 35 euros from 38 euros

* Bank Vozrozhdenie VZRZ.MM : JP Morgan cuts target to 897.78 Roubles from 906.58 Roubles

* Beiersdorf AG BEIG.DE : Credit Suisse raises price target to 68 euros from 56 euros

* Belgacom SA BCOM.BR : Berenberg cuts to sell from hold

* Belgacom SA BCOM.BR : Berenberg cuts target price to 17 euros from 23 euros

* BMW BMWG.DE : SocGen raises target price to 83 euros from 72 euros; rating buy

* Brammer PLC BRAM.L : Canaccord Genuity raises target price to 410p from 375p; rating buy

* Britvic PLC BVIC.L : Investec reinitiates with buy rating; target price 447p

* Bourbon SA GPBN.PA : Natixis raises to buy from neutral

* Carlsberg A/S CARLb.CO : Credit Suisse raises price target to Dkk 615 from Dkk 500

* Carrefour SA CARR.PA : S&P Capital IQ ups target to 19 euros from 18 euros; rating sell

* Centamin Plc CEY.L : Nomura cuts price target to 70p from 145p; rating buy

* Charles Stanley CAY.L : Canaccord Genuity cuts to hold from buy

* Cineworld Group PLC CINE.L : Investec raises target price to 310p from 295p; rating buy

* Cineworld Group PLC CINE.L : Canaccord Genuity raises target price to 360p from 350p

* Cleardebt Group PLC CLEA.L : Cantor Fitzgerald cuts to sell from buy

* Cobham PLC COB.L : RBC raises price target to 250p from 230p

* Credem EMBI.MI : ESN/Banca Akros cuts to hold from accumulate

* Credit Agricole SA CAGR.PA : Exane BNP Paribas adds to top picks list

* CRH PLC CRH.I : Credit Suisse raises price target to 13 euros from 12 euros

* Deutsche Post DPWGn.DE : DZ Bank raises target to 20 euros from 19 euros; rating buy

* Daily Mail And General Trust DMGOa.L : Credit Suisse raises target to 830p from 700p

* Daimler AG DAIGn.DE : Citigroup cuts to neutral from buy

* Daimler AG DAIGn.DE : Citigroup raises price target to 46 euros from 42 euros

* Danone SA DANO.PA : Credit Suisse raises price target to 54 euros from 44 euros

* Diageo Plc DGE.L : Credit Suisse raises price target to 2,350p from 1,975p

* DNB ASA DNB.OL : SocGen raises target price to Nok 106 from Nok 85; rating neutral

* DRI TBUS.MU : Berenberg raises price target to 13.30 euros from 12.50; rating buy

* DS Smith PLC SMDS.L : JP Morgan raises target price to 272p from 256p; rating overweight

* Elekta AB EKTAb.ST : SocGen cuts target price to Sek 130 from Sek 135; rating buy

* Elisa ELI1V.HE : Berenberg cuts price target to 14.50 euros from 16 euros; rating sell

* Endesa SA ELE.MC : ESN/Bankia Bolsa raises to accumulate from hold

* Endesa SA ELE.MC : ESN/Bankia Bolsa raises price target to 20 euros from 18 euros

* Enel SPA ENEI.MI : JP Morgan cuts target price to 3 euros from 3.50 euros; rating neutral

* Ericsson ERICb.ST : UBS raises price target to Sek 80 from Sek 75; rating neutral

* Fenner PLC FENR.L : Investec raises target price to 455p from 420p; rating hold

* Fenner PLC FENR.L : Numis cuts to add from buy

* Galp GALP.LS : Goldman Sachs raises to buy

* Glencore GLEN.L : SocGen raises target price to 410p from 390p; rating hold

* Griffin Mining Ltd GFM.L : Panmure raises target price to 134p from 80p

* H & T Group PLC HTGR.L : Finncap cuts target price to 350p from 450p; rating buy

* Hargreaves Lansdown HRGV.L : Canaccord Genuity cuts to hold from buy

* Heidelbergcement AG HEIG.DE : HSBC cuts target to 65 euros from 66 euros

* Heidelbergcement AG HEIG.DE : Credit Suisse raises price target to 52 euros from 37 euros

* Heidelbergcement AG HEIG.DE : Credit Suisse raises to neutral rating

* Henkel AG & Co KGaA HNKG_p.DE : Exane BNP Paribas raises target by 9 percent to 63 euros

* Henkel HNKG_p.DE : Esn/Equinet Bank cuts to sell from reduce

* Henkel HNKG_p.DE : ESN/Equinet Bank raises target price to 56 euros from 52 euros

* Henkel HNKG_p.DE : Credit Suisse raises target to 71 euros from 58 euros

* Holcim Ltd HOLN.VX : HSBC raises target price to Sfr 80 from Sfr 77; rating neutral

* Holcim Ltd HOLN.VX : Credit Suisse raises price target to Sfr 65 from Sfr 58

* Hunting Plc HTG.L : Finncap cuts to hold from buy

* Iofina PLC IOFI.L : Investec raises target price to 164p from 117p; rating buy

* Inmarsat PLC ISA.L : S&P Capital IQ raises price target to p700 from p650; rating buy

* International Personal Finance PLC IPF.L : JP Morgan raises target to 394

p from 346p

* Italcementi Group ITAI.MI : Citigroup raises target to 5.10 euros from 4.50 euros

* ITV PLC ITV.L : Westhouse Securities cuts to add from buy; ups target to 144p from 141p

* ITV PLC ITV.L : Panmure raises target price to 180p from 145p; rating buy

* IVG Immobilien IVGG.DE : S&P Capital IQ cuts price target to 2.00 euros from 2.20 euros

* Jastrzebska Spolka Weglowa SA JSW.WA : SocGen raises target price to Pln 86 from Pln 76

* Kloeckner & Co SE KCOGn.DE : Jefferies raises target price to 8 euros from 7.50 euros

* Kloeckner & Co SE KCOGn.DE : Exane BNP Paribas cuts to neutral from outperform

* LaFarge SA LAFP.PA : HSBC raises target to 70 euros from 56 euros; rating overweight

* LaFarge SA LAFP.PA : Credit Suisse raises price target to 62 euros from 55 euros

* LaFarge SA LAFP.PA : Exane BNP Paribas raises target price by 9 percent to 59 euros

* L'oreal SA OREP.PA : Credit Suisse raises price target to 117 euros from 99 euros

* Legal & General Group PLC LGEN.L : BofA Merrill raises price objective to 172p from 155p

* Linde Group LING.DE : Natixis cuts to neutral from buy

* Lloyds LLOY.L : Exane BNP Paribas removes from top picks list

* Manitou MANP.PA : Kepler cuts to reduce from buy

* Max Automation AG MAXG.DE : ESN/Equinet Bank raises target to 5.5 euros from 4.5 euros

* Meggitt PLC MGGT.L : Investec raises target price to 520p from 480p; rating buy

* Melrose MRON.L : JP Morgan raises target price to 292p from 279p; rating overweight

* Melrose Industries PLC MRON.L : UBS cuts to neutral from buy

* Melrose Industries PLC MRON.L : UBS raises price target to 275p from 260p; rating

* Millennium & Copthorne Hotels MLC.L : Jefferies raises price target to 510p from 475p

* Moneysupermarket.com PLC MONY.L : Citigroup raises target to 214p from 190p; rating buy

* MTU Aero Engines Holding MTXGn.DE : Morgan Stanley ups target to 70 euros from 60 euros

* Neopost SA NPOS.PA : HSBC raises target to 43 euros from 40 euros; rating underweight

* Nestle SA NESN.VX : Credit Suisse raises to outperform from neutral

* Nestle SA NESN.VX : Credit Suisse raises price target to SFR 76 from SFR 62

* Nexity NEXI.PA : Raymond James Raises to outperform from market perform

* Nichols PLC NICL.L : Shore Capital cuts to hold from buy

* Nichols PLC NICL.L : Canaccord Genuity raises to buy from hold; target to 1000p from 820p

* Nichols PLC NICL.L : Panmure raises target price to 900p from 830p; rating hold

* Nordea NDA1V.HE : ESN/Pohjola raises price target to 10 euros from 9.50 euros

* Novae Group NVA.L : Canaccord Genuity raises target price to 515p from 500p; rating buy

* Novae Group PLC NVA.L : Canaccord Genuity raises target to 515p from 500p; rating buy

* Paddy Power PAP.I : Citigroup raises target price to 75 euros from 64 euros; rating buy

* Panalpina Welttransport Holding AG PWTN.S : Vontobel cuts target to Sfr 92 from Sfr 100

* Pekao PEO.WA : UBS raises price target to Pln 163.60 from Pln 153; rating neutral

* Pennon Group Plc PNN.L : Credit Suisse raises price target to 670p from 660p

* Petropavlovsk Plc POG.L : Nomura cuts to reduce from buy; price target to 240p from 760p

* Pernod Ricard SA PERP.PA : Credit Suisse raises price target to 116 euros from 96 euros

* Petrofac Ltd PFC.L : Canaccord Genuity cuts target price to 1825p from 1950p; rating buy

* Polymetal International POLYP.L : Nomura cuts to neutral from buy

* Polymetal International POLYP.L : Nomura cuts price target to 900p from 1530p

* Portugal Telecom PTC.LS : Berenberg raises to buy from hold

* Portugal Telecom PTC.LS : Berenberg cuts price target to 4.50 euros from 4.70 euros

* Powszechna Kasa Oszczednosci Bank PKO.WA : UBS cuts to neutral from buy

* Powszechna Kasa Oszczednosci Bank PKO.WA : UBS cuts target to Pln 37.50 from Pln 43

* PSP Swiss Property PSPN.S : Morgan Stanley ups target to Sfr 89 from Sfr 88; equal-weight

* Randgold Resources RRS.L: Nomura cuts price target to 4650p from 7075p;rating reduce

* Rathbone Brothers RAT.L : Canaccord Genuity raises to buy from hold

* Rotork PLC ROR.L : Jefferies raises price target to 3005p from 2600p; rating hold

* Reckitt Benckiser Group RB.L : Credit Suisse raises price target to 4,900p from 4,250p

* Reed Elsevier NV ELSN.AS : JP Morgan raises target price to 14.10 euros from 13 euros

* Reed Elsevier PLC REL.L : JP Morgan raises target to 795p from 685p; rating overweight

* Sabmiller Plc SAB.L : Credit Suisse raises price target to 4,000p from 3,300p

* Saint Gobain SA SGOB.PA : Bernstein cuts target price to 37 euros from 39 euros

* Sap AG SAPG.DE : HSBC raises to overweight from neutral; target to 74 euros from 62 euros

* Sap AG SAPG.DE : Deutsche Bank cuts target price to 70 euros from 73 euros; rating buy

* Schroders PLC SDR.L : Canaccord Genuity raises target to 1450p from 1320p; rating sell

* Schroders SDR.L : S&P Capital IQ raises price target to 2180p from 1,575p; rating hold

* SCMN SCMN.VX : Berenberg cuts price target to Sfr 385 from Sfr 390; rating hold

* Scor SE SCOR.PA : Nomura raises target price to 24.50 euros from 23 euros; rating buy

* Scor SE SCOR.PA : Exane BNP Paribas raises target by 8 percent to 26 euros

* SDL PLC SDL.L : Panmure raises target price to 536p from 524p; rating hold

* Senior PLC SNR.L : Investec raises to add from hold; price target to 250p from 220p

* SEGRO plc SGRO.L : Goldman Sachs raises to buy

* Serco Group PLC SRP.L : Jefferies raises target price to 750p from 655p; rating buy

* Serco SRP.L : Liberum raises price target to 680p from 600p; rating buy

* Serco SRP.L : WestHouse Securities cuts to neutral from add

* Severn Trent Plc SVT.L : Credit Suisse raises to neutral rating

* Severn Trent Plc SVT.L : Credit Suisse raises price target to 1530p from 1460p

* Societe Generale SOGN.PA : Exane BNP Paribas removes from top picks list

* Spector Photo Group NV SPET.BR : KBC raises to accumulate from hold

* Spirax-Sarco Engineering SPX.L : Jefferies raises price target to 2685p from 2045p

* Stada Arzneimittel AG STAGn.DE : Berenberg raises to buy from hold

* Stada Arzneimittel AG STAGn.DE : Berenberg raises price target to 35 euros from 27 euros

* Standard Life PLC SL.L : Panmure raises target price to 420p from 375p; rating buy

* Stratec Biomedical AG SBSG.DE : HSBC cuts to underweight from neutral

* Suez Environnement Company SEVI.PA : Credit Suisse cuts to neutral from outperform

* Suez Environnement Co SEVI.PA : Credit Suisse cuts target to 11 euros from 11.5 euros

* Swedbank AB SWEDa.ST : Exane BNP Paribas removes from top picks list

* Talk TALK.L : Berenberg raises price target to 290p from 265p; rating buy

* Tarsus Group PLC TRS.L : Numis raises target price to 244p from 235p; rating add

* TDC TDC.CO : Berenberg raises price target to Dkk 46.50 from Dkk 44.50; rating buy

* TKH Group NV TWKNc.AS : ING raises target price to 22 euros from 21.5 euros; rating buy

* TUI Travel PLC TT.L : Credit Suisse raises target price to 322p from 210p; rating neutral

* Travis Perkins PLC TPK.L : Credit Suisse raises pric

e target to 1,190p from 1,050p

* UCB UCB.BR : Deutsche Bank raises target price to 45 euros from 42 euros; rating hold

* Unilever Nv UNc.AS : Credit Suisse raises price target to 33.75 euros from 30 euros

* United Utilities Group Plc UU.L : Credit Suisse raises price target to 660p from 610p

* Verbund AG VERB.VI : Citigroup cuts target to 13 euros from 15.50 euros; rating sell

* Verbund AG VERB.VI : Kepler cuts price target to 16 euros from 17 euros; rating reduce

* WM Morrison Supermarkets MRW.L : HSBC cuts to underweight from neutral

* WM Morrison Supermarkets MRW.L : HSBC cuts price target to 250p from 265p

* Wood Group PLC WG.L : Deutsche Bank raises target price to 930p from 870p; rating buy

* Zumtobel AG ZUMV.VI : UBS raises price target to 9.50 euros from 8 euros; rating neutral

(Compiled by Rachel Chitra and 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/

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