Europe Research Roundup: Kerry group, Bodycote, Endesa

Draegerwerk AG & Co KGaA

15/03/2016 24:14

March 14 (Reuters) - Securities analysts' revised their ratings and price targets on several 
European companies, including Kerry group, Bodycote and Endesa on Monday.  
     
      Highlights           
     * Kerry Group PLC  KYGa.I : Nomura starts with buy rating; price target of 95 Euros  
     * Zurich Airport  FHZN.S : Baader bank cuts to hold from buy;raises target to SFR 865  
     * Bodycote PLC   BOY.L : Jefferies raises price target to 645p from 615p; rating buy  
     * Endesa SA  ELE.MC : SocGen raises target price to 19 Euros from 18.5 Euros; rating buy  
     * Leg Immobilien AG  LEGn.DE : Helvea Baader raises target to 82 Euros from 77 Euros 
  
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.  
    
     * Abcam Plc  ABCA.L : JP Morgan cuts price target to 581p from 608p 
     * Aberdeen  ADN.L : Morgan Stanley cuts price target to 269p from 275p   
     * Adecco SA  ADEN.S : Citigroup raises to neutral from sell 
     * Addtech AB  ADDTb.ST : Danske Bank cuts to hold   
     * Admiral Group Plc  ADML.L : HSBC cuts to hold from buy 
     * Admiral Group Plc  ADML.L : HSBC raises target price to 1930p from 1748p 
     * Ageas SA NV  AGES.BR : KBC cuts to hold from buy   
     * Ageas SA NV  AGES.BR : KBC cuts price target to 38 euros from 45 euros   
     * Amec Foster Wheeler Plc  AMFW.L : Canaccord Genuity raises target price to 675p from 640p   
     * Amerisur Resources  AMER.L : Investec raises price target to 33.0p from 29.0p   
     * Amerisur Resources Plc  AMER.L : Investec raises price target to 33p from 29p; rating buy   
     * Amundi  AMUN.PA : Morgan Stanley raises price target to 44 euros from 42 euros 
     * Antofagasta Plc  ANTO.L : BMO raises target price to 600p from 500p; rating outperform   
     * Argen X BV  ARGX.BR : Wedbush raises target price to 14 euros from 12 euros; outperform   
     * Aroundtown Property  ALATP.PA : Berenberg raises target to 5.10 euros from 4.85 euros; buy 
     * Ashmore  ASHM.L : Morgan Stanley raises price target to 265p from 251p 
     * Austrian Post POST.VI : Barclays cuts price target to 40 euros from 41 euros 
     * Autogrill  AGL.MI : Natixis cuts target price to 8.5 euros from 9 euros; rating neutral   
     * Aviva Plc  AV.L : RBC raises target price to 480p from 460p; rating underperform 
     * Bachem Holding AG  BANB.S : Vontobel raises price target to Sfr 71 from Sfr 69   
     * BMW  BMWG.DE : Kepler Cheuvreux raises to hold from reduce  
     * BNP Paribas  BNPP.PA : Deutsche Bank cuts price target to 58 euros from 61 euros  
     * Bodycote PLC   BOY.L : Jefferies raises price target to 645p from 615p; rating buy  
     * Braas Monier  BMSA.DE : HSBC raises target price to 25 euros from 24 euros 
     * Centrica Plc  CNA.L : Barclays cuts price target to 230p from 270p; rating equal weight         
     * Circassia  CIRCI.L : JP Morgan raises price target to 410p from 390p   
     * Continental  CONG.DE : Kepler Cheuvreux raises to buy from hold 
     * Credit Agricole  CAGR.PA : RBC raises target to 11 euros from 10 euros; sector perform     
     * Credit Agricole  CAGR.PA : Deutsche Bank cuts price target to 12.50 euros from 13 euros 
     * Cybg Plc  CYBGC.L : JP Morgan starts with neutral rating; 235p price target   
     * Daetwyler  DAE.S : Vontobel raises price target to Sfr 140 from Sfr 130; rating hold   
     * Daimler AG  DAIGn.DE : Kepler Cheuvreux raises to buy from hold 
     * Dassault Aviation  AVMD.PA : Kepler Cheuvreux cuts target to 1250 euros from 1300 euros   
     * Dassault Systemes  DAST.PA : Deutsche Bank cuts price target to 1280 euros from 1300 euros   
     * Dassault Systemes  DAST.PA : SocGen cuts price target to 1125 euros from 1260 euros; hold 
     * Derwent London  DLN.L : HSBC cuts target price to 3204p from 3729p 
     * Det Norske  DETNOR.OL : UBS cuts to neutral from buy  
     * Det Norske  DETNOR.OL : UBS raises price target to Nok 66 from Nok 59  
     * Digital Globe Services Ltd  DGS.L : Panmure starts with buy; target price 125p              
     * DNO ASA  DNO.OL : RBC cuts price target to Nok 11 from Nok 14.5; rating outperform   
     * Draegerwerk AG & Co  DRWG_p.DE :Independent Research ups target to eur 65 from eur 60;hold 
     * Endesa SA  ELE.MC : SocGen raises target price to 19 Euros from 18.5 Euros; rating buy     
     * Engie SA  ENGIE.PA : JP Morgan cuts price target to 14 euros from 15 euros   
     * Exprivia SpA  XPR.MI : ESN/Banca Akros cuts to accumulate from buy 
     * Exprivia SpA  XPR.MI : ESN/Banca Akros cuts target price to 0.90 euro from 0.95 euro   
     * Enquest Plc  ENQ.L : Jefferies starts with hold; target price 15p   
     * eSure Group Plc  ESUR.L : HSBC raises target price to 307p from 272p 
     * Faurecia  EPED.PA : Kepler Cheuvreux cuts target price to 43 euros from 44 euros 
     * FCA  FCHA.MI : Kepler Cheuvreux cuts target price to 7.5 euros from 8 euros 
     * First Quantum  FQM.L : Berenberg raises price target to 275p from 225p; rating hold  
     * First Quantum Minerals  FQM.L : Barclays raises target price to 430p from 265p 
     * Flughafen Zuerich AG  FHZN.S : HSBC raises to hold from reduce 
     * Flughafen Zuerich AG  FHZN.S : Vontobel raises price target to Sfr 1000 from Sfr 780; buy   
     * Fresnillo Plc  FRES.L : BMO cuts to market perform from outperform 
     * Fresnillo Plc  FRES.L : BMO cuts target price to 1050p from 1100p   
     * Gazprom Neft  SIBN.MM : Deutsche Bank raises target to 170 roubles from 160 roubles; buy   
     * Gerresheimer AG  GXIG.DE : Bankhaus Lampe starts with buy; target price 76 euros   
     * Gimv  GIMV.BR : ING raises target price to 47.50 euros from 42 euros   
     * Goals Soccer Centres  GOAL.L : Canaccord Genuity cuts target price to 135p from 140p; hold   
     * Grand City Properties  GYC.DE : Berenberg raises target to 22.50 euros from 19.50 euros     
     * Halma  HLMA.L : HSBC raises target price to 975p from 950p 
     * Halma  HLMA.L : HSBC raises target price to 975p from 950p 
     * Hannover Re  HNRGn.DE : Jefferies raises target price to 91 euros from 90 euros 
     * Hannover Re  HNRGn.DE : Jefferies raises to hold from underperform 
     * Hannover Re  HNRGn.DE : RBC raises target to 112 euros from 110 euros; sector perform 
     * Hannover  HNRGn.DE : Bankhaus Lampe raises target price to 104 euros; rating hold   
     * Hannover  HNRGn.DE : Morgan Stanley ups target to 94.30 euros from 89.40 euros;underweight   
     * Haulotte Group  PYHE.PA : Exane BNP Paribas cuts target to 18euros from 19euros;outperform   
     * Heineken  HEIN.AS : ING cuts price target to 80 euros from 85 euros 
     * Heineken  HEIN.AS : ING cuts to hold from buy 
     * Hella  HLE.DE : Kepler Cheuvreux cuts target price to 44 euros from 48 euros 
     * Henderson  HGGH.L : Morgan Stanley cuts price target to 275p from 330p 
     * Hochtief  HOTG.DE : HSBC raises target price to 99 euros from 86 euros 
     * Hochtief AG  HOTG.DE : HSBC cuts to hold from buy 
     * Iliad  ILD.PA : Deutsche Bank cuts price target to 261 euros from 266 euros   
     * Infineon Technologies  IFXGn.DE : Berenberg raises target price to 15 euros from 9.40euros   
     * Infineon Technologies  IFXGn.DE :Independent Research ups target to 14euros from 13.1euros 
     * K+S  SDFGn.DE : Deutsche Bank cuts price target to 20 euros from 22 euros; rating hold   
     * Kaz Minerals Plc  KAZ.L : BMO raises target price to 160p from 130p; rating market perform   
     * KBC  KBC.BR : HSBC cuts target price to 56 euros from 60 euros 
     * Kerry Group PLC  KYGa.I : Nomura starts with buy rating; price target of 95 Euros  
     * Korian  KORI.PA : Kepler Cheuvreux cuts target price to 31 euros from 35.50 euros   
     * Lagardere Groupe  LAGA.PA : HSBC cuts target price to 25.5 euros from 26 euros 
     * Lagardere  LAGA.PA : Kepler Cheuvreux cuts to hold from buy   
     * Lagardere  LAGA.PA : Kepler Cheuvreux cuts price target to 25 euros from 31 euros   
     * Leg Immobilien AG  LEGn.DE : Helvea Baader raises target to 82 Euros from 77 Euros; Hold   
     * Leoni  LEOGn.DE : Kepler Cheuvreux cuts target price to 23 euros from 24 euros 
     * Linde AG  LING.DE : UBS raises price target to 136 euros from 132 euros; rating neutral 
     * Linde AG  LING.DE : SocGen cuts price target to 155 euros from 170 euros; rating buy   
     * Lufthansa  LHAG.DE : Liberum raises price target to 12.90 euros from 10 euros; rating sell   
     * Man SE  MANG.DE : Independent Research raises target to eur 90.29 from eur 80.89; sell   
     * Massimo Zanetti  MZB.MI : Exane BNP Paribas cuts price target to 8 euros from 10 euros   
     * Massimo Zanetti  MZB.MI : Exane BNP Paribas cuts to neutral from outperform   
     * Michael Page International  MPI.L : Barclays cuts target to 440p from 535p 
     * Nexans SA  NEXS.PA : Barclays raises target price to 42 euros from 35 euros 
     * Norma  NOEJ.DE : Kepler Cheuvreux cuts target price to 56 euros from 60 euros 
     * Old Mutual Plc  OML.L : Barclays raises price target to 220p from 210p 
     * Orpea  ORP.PA : Kepler Cheuvreux raises price target to 76 euros from 70 euros; hold   
     * Pan African Resources Plc  PAFR.L : HSBC raises target price to 20p from 16p 
     * Parmalat  PLT.MI : Exane BNP Paribas cuts target to 2.4 euros from 2.5 euros; neutral   
     * Partners Group Holding  PGHN.S : Morgan Stanley raises target to Sfr 381 from Sfr 362 
     * Peugeot  PEUP.PA : Kepler Cheuvreux raises to buy from hold 
     * Peugeot  PEUP.PA : Kepler Cheuvreux raises target price to 18 euros from 16.5 euros   
     * Piaggio & C  PIA.MI : Exane BNP Paribas cuts target to 2.3 euros from 2.4 euros;outperform   
     * Piaggio  PIA.MI : Kepler Cheuvreux cuts target price to 2.30 euros from 2.80 euros   
     * Plastic Omnium  PLOF.PA : Kepler Cheuvreux cuts to hold from buy 
     * Plastic Omnium  PLOF.PA : Kepler Cheuvreux cuts target price to 33 euros from 35 euros 
     * Porsche  PSHG_p.DE : Kepler Cheuvreux cuts target price to 48 euros from 49 euros 
     * Randgold Resources Ltd  RRS.L : BMO cuts to market perform 
     * Randgold Resources Ltd  RRS.L : BMO raises target price to 6250p from 6000p   
     * Renault  RENA.PA : Kepler Cheuvreux raises target price to 125 euros from 120 euros 
     * Rhoen Klinikum AG  RHKG.DE : Bankhaus Lampe cuts to hold from buy   
     * Rockwool International A/S  ROCKb.CO : Berenberg raises target to Dkk 1000 from Dkk 900 
     * Rolls-Royce Holdings  RR.L : Bernstein raises price target to 500p from 488p; underperform   
     * RWE AG  RWEG.DE : JP Morgan cuts price target to 14 euros from 15 euros   
     * SAF Holland  SFQN.DE : Credit Suisse cuts target to 10.60 euros from 10.80 euros; neutral   
     * Salzgitter AG  SZGG.DE : Berenberg raises to buy from hold 
     * Salzgitter AG  SZGG.DE : Berenberg raises price target to 30.50 euros from 25 euros 
     * Salzgitter AG  SZGG.DE : Exane BNP Paribas raises to outperform from neutral   
     * Salzgitter AG  SZGG.DE : Exane BNP Paribas raises price target to 28 euros from 27 euros   
     * Schroders Plc  SDR.L : Morgan Stanley cuts price target to 2890p from 3175p 
     * Smiths Group Plc  SMIN.L : Deutsche Bank cuts price target to 1240p from 1250p; rating buy   
     * Societe Generale  SOGN.PA : Deutsche Bank cuts to hold from buy 
     * Societe Generale  SOGN.PA : Deutsche Bank cuts price target to 35 euros from 40 euros   
     * Sopra Steria Group  SOPR.PA : ESN/CM-CIC Market Solutions rates buy;116 euros target price   
     * Spectris Plc  SXS.L : Stifel starts with hold rating   
     * Spie SA  SPIE.PA : Barclays raises price target to 18 euros from 17 euros; equal weight 
     * Spirax-Sarco  SPX.L : HSBC raises target price to 3300p from 3200p 
     * SSE  SSE.L : Barclays cuts price target to 1660p from 1700p; rating overweight 
     * St. Modwen  SMP.L : Liberum raises to buy from hold   
     * Stagecoach Group Plc  SGC.L : HSBC cuts to reduce from hold 
     * Stagecoach Group SGC.L>: HSBC cuts target price to 240p from 295p 
     * Sydbank A/S  SYDB.CO : Jyske Bank cuts target price to Dkk 240 from Dkk 245; rating buy   
     * Symrise AG  SY1G.DE : Deutsche Bank cuts price target to 71 euros from 72 euros   
     * Tag Immobilien AG  TEGG.DE : Berenberg raises price target to 14 euros from 13 euros; buy   
     * Tissue Regenix Group Plc  TRX.L : Jefferies raises target price to 37p from 36p; buy 
     * Titan Cement Company  TTNr.AT : Deutsche Bank ups target to 20 euros from 19.40 euros;hold   
     * Titan Cement Company  TTNr.AT : Exane BNP Paribas cuts target price by 3 pct to 17.5 euros   
     * Unipolsai Assicurazioni SpA  US.MI : ESN/Banca Akros cuts to neutral from accumulate   
     * Valeo  VLOF.PA : HSBC cuts to hold from buy 
     * Valeo  VLOF.PA : HSBC raises target price to 135 euros from 125 euros 
     * Valeo  VLOF.PA : Kepler Cheuvreux cuts target price to 135 euros from 140 euros 
     * Vesuvius Plc  VSVS.L : HSBC raises price target to 400p from 375p 
     * Wendel  MWDP.PA : Kepler Cheuvreux cuts target price to 116 euros from 130 euros   
     * Zug Estates Holding  ZUGN.S : Vontobel raises price target to Sfr 1540 from Sfr 1470; hold   
     * Zurich Airport  FHZN.S : HSBC raises target price to Sfr 880 from Sfr 600 
     * Zurich Airport  FHZN.S : Baader bank cuts to hold from buy;raises target to SFR 865  
  
    SECTOR CHANGE: 
     * European Building Materials Sector: Natixis cuts to market performer  
     * European Construction-Concessions Sector: Natixis ups to outperformance 
     
 
     
 
 (Compiled by Vishal Sridhar in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/