Europe Research Roundup: Bashneft, Coca Cola HBC, GlaxoSmithKline

Draegerwerk AG & Co KGaA

04/02/2016 08:31

Feb 4 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Bashneft, Coca Cola and GlaxoSmithKline, on Thursday.  
     
    HIGHLIGHTS 
    * Bashneft  BANE.MM : Deutsche Bank raises to buy from hold; target price to 2,500 Roubles   
    * Coca Cola HBC AG  CCH.L : Barclays cuts to underweight from equal weight   
    * STMicroelectronics  STM.PA : Berenberg reinstates with sell rating; 4.5 euros price target 
    * Paragon Group  PARA.L : JP Morgan cuts to neutral from overweight   
    * GlaxoSmithKline Plc  GSK.L : HSBC, Bernstein raise target price on the stock 
           
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order. 
     
    * Adidas AG  ADSGn.DE : Goldman Sachs raises target price to 114 euros from 70.5 euros; buy  
    * Aldermore Group Plc  ALD.L : JP Morgan cuts target price to 270p from 340p; overweight   
    * Antofagasta Plc  ANTO.L : Investec raises target price to 305p from 263p; rating sell   
    * Atlas Copco AB  ATCOa.ST : UBS cuts target price to Sek 210 from Sek 230; rating buy   
    * Aviva Plc  AV.L : JP Morgan cuts target price to 594p from 597p; rating overweight   
    * Axel Springer SE  SPRGn.DE : HSBC cuts to hold from buy   
    * Axel Springer SE  SPRGn.DE : HSBC cuts target price to 54 euros from 58 euros   
    * Axel Springer SE  SPRGn.DE : JP Morgan cuts target price to 51 euros from 55 euros;neutral 
  
    * Banco Santander SA  SAN.MC : Nomura cuts target price to 4 euros from 4.20 euros; reduce   
    * Barclays  BARC.L : HSBC cuts target price to 230p from 315p   
    * Bashneft  BANE.MM : Deutsche Bank raises to buy from hold; target price to 2,500 Roubles   
    * BBVA  BBVA.MC : SocGen cuts price target to 5 euros from 7.65 euros; rating sell   
    * Bogdanka  LWBP.WA : SocGen raises to hold from sell   
    * Bucher  BUCN.S : Vontobel cuts price target to Sfr 235 from Sfr 240; rating hold   
    * Coca Cola HBC AG  CCH.L : Barclays cuts to underweight from equal weight   
    * Coca Cola HBC AG  CCH.L : Barclays cuts price target to 1325p from 1400p   
    * Countrywide Plc  CWD.L : Jefferies cuts price target to 600p from 690p; rating buy   
    * Credit Suisse  CSGN.VX : Deutsche Bank cuts target price to Sfr 18 from Sfr 22; hold   
    * Danske Bank A/S  DANSKE.CO : Barclays cuts target price to Dkk 204 from Dkk 211;overweight 
  
    * Deutsche Bank  DBKGn.DE : UBS cuts target price to 15.5 euros from 26 euros; neutral   
    * Dixy Group Oao  DIXY.MM : HSBC cuts target price to 311 roubles from 343 roubles   
    * Draegerwerk AG & Co KGaA  DRWG_p.DE : HSBC cuts to hold from buy 
    * Draegerwerk AG & Co KGaA  DRWG_p.DE : HSBC cuts target price to 63 euros from 82 euros 
    * Elis  ELIS.PA : Berenberg starts with buy rating; 21.50 euros price target   
    * Fortum  FUM1V.HE : Exane BNP Paribas cuts target price by 10 pct to 12 euros; underperform 
  
    * Gas Natural  GAS.MC : Deutsche Bank cuts target price to 18.50 euros; rating hold   
    * Gas Natural  GAS.MC : HSBC cuts target price to 19.3 euros from 21 euros   
    * GBG  GBGP.L : Investec starts with buy; price target 290p   
    * Gem Diamonds Ltd  GEMD.L : JP Morgan raises target price to 200p from 198p; overweight   
    * GlaxoSmithKline Plc  GSK.L : HSBC raises target price to 1800p from 1700p  
    * GlaxoSmithKline Plc  GSK.L : Bernstein raises target to 1449p from 1399p; market perform   
    * Hannover Re  HNRGn.DE : HSBC raises to buy from hold   
    * Hannover Re  HNRGn.DE : HSBC raises target price to 116 euros from 115 euros   
    * Infineon  IFXGn.DE : Berenberg reinstates with buy rating; 15 euros price target   
    * International Personal  IPF.L : JP Morgan cuts target price to 260p from 370p; underweight 
  
    * Johnson Matthey  JMAT.L : Exane BNP Paribas cuts target price to 2500p from 2700p; neutral 
  
    * Lenta Ltd  LNTAq.L : HSBC cuts target price to $5.9 from $8.3   
    * Lloyds Banking Group Plc  LLOY.L : HSBC cuts target price to 80p from 103p 
    * Lonmin Plc  LMI.L : JP Morgan cuts target price to 167p from 325p; rating overweight   
    * Lundbeck  LUND.CO : Alm Brand Markets raises to buy from neutral 
    * Lundbeck  LUND.CO : Alm Brand Markets raises target price to Dkk 255 from Dkk 240 
    * LVMH  LVMH.PA : Bernstein raises target price to 188 euros from 185 euros; outperform   
    * Magnit Pao  MGNTq.L : HSBC cuts target price to $48.1 from $49.2 
    * Millicom International  MICsdb.ST : Citigroup cuts target to Sek 385 from Sek 481; neutral 
  
    * Nighthawk Energy  NGTE.L : Stockdale Securities cuts target price to 7p from 9.5p; buy   
    * Novo Nordisk  NOVOb.CO : Barclays cuts target price to Dkk 432 from Dkk 435; overweight   
    * Novo Nordisk  NOVOb.CO : Leerink cuts target price to Dkk 382 from Dkk 387; market perform 
  
    * O'Key Group SA  OKEYq.L : HSBC cuts target price to $1.8 from $2.5   
    * Osram Licht AG  OSRn.DE : Canaccord Genuity cuts target to 38 euros from 42 euros; hold   
    * Osram Licht AG  OSRn.DE : Morgan Stanley ups target to 48 euros from 45 euros;equal weight 
  
    * Paragon Group  PARA.L : JP Morgan cuts to neutral from overweight   
    * Paragon Group  PARA.L : JP Morgan cuts price target to 380p from 465p   
    * Provident Financial  PFG.L : JP Morgan raises target price to 3450p from 3300p; overweight 
  
    * Randgold Resources  RRS.L : Canaccord Genuity raises target price to 4700p from 4000p;hold 
  
    * Renault SA  RENA.PA : Barclays raises target price to 106 euros from 110 euros; overweight 
  
    * Rieter  RIEN.S : Vontobel raises price target to Sfr 195 from Sfr 160; rating hold   
    * Royal Bank of Scotland Group Plc  RBS.L : HSBC cuts target price to 260p from 360p 
    * RSA Insurance Group  RSA.L : Barclays raises target price to 434p from 425p; equal weight  
    * Ryanair Holdings  RYA.I : Cantor Fitzgerald ups target to 15.5 euros from 14 euros; hold   
    * Saipem SpA  SPMI.MI : Jefferies adjusts price target to 0.45 eur; rating underperform   
    * Sandvik AB  SAND.ST : JP Morgan cuts target price to Sek 68 from Sek 78; underweight   
    * Sandvik AB  SAND.ST : Morgan Stanley cuts target price to Sek 82 from Sek 89; equal weight 
  
    * Snam SpA  SRG.MI : Jefferies starts with buy rating; 5.60 euros price target   
    * STMicroelectronics  STM.PA : Berenberg reinstates with sell rating; 4.5 euros price target 
    * Technicolor SA  TCH.PA : Exane BNP Paribas cuts target by 21 pct to 6.4 euros; neutral   
    * ThyssenKrupp AG  TKAG.DE : Exane BNP Paribas cuts target by 19 pct to 19 euros; outperform 
  
    * Tyman Plc  TYMN.L : Liberum cuts target price to 310p from 330p; rating buy   
    * UBM Plc  UBM.L : Liberum cuts target price to 680p from 700p; rating buy   
    * Vivendi SA  VIV.PA : Exane BNP Paribas cuts target by 10 pct to 18 euros; underperform   
    * Washtec AG  WSUG.DE : HSBC raises target price to 31 euros from 30 euros   
    * X5 Retail Group NV  PJPq.L : HSBC cuts target price to $23.2 from $23.4   
    
 
 (Compiled by Geetha Panchaksharam in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/