Europe Research Roundup: Endesa, Lundin Petroleum, Associated British Foods
08/09/2014 16:25
Sept 8 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Lundin Petroleum, Deutsche Wohnen and Delhaize, on Monday.
HIGHLIGHTS
* Endesa ELE.MC : S&P Capital IQ cuts to sell from hold
* Lundin Petroleum LUPE.ST : Deutsche Bank raises to buy from hold
* Delhaize DELB.BR : ING raises to buy from hold
* Dechra Pharmaceuticals DECP.L : Oriel Securities raises to add from hold
* Deutsche Wohnen AG DWNG.DE : JP Morgan raises to overweight from neutral
* Associated British Foods ABF.L : S&P Capital IQ cuts target to 2670p from 2730p; sell
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Afren AFRE.L : Deutsche Bank cuts target price to 130p from 175p
* Afren AFRE.L : UBS cuts target price to 130p from 135p; rating buy
* Africa Oil AOIC.ST : Deutsche Bank cuts target price to Sek 52 from Sek 78; rating buy
* Alstria Office REIT AOXG.DE : JP Morgan raises target to 11.85 euros from 11.50 euros
* Aryzta ARYN.S : Socgen cuts to hold from buy
* Aryzta ARYN.S : Socgen cuts target price to sfr 91 from sfr 95
* ASML Holding NV ASML.AS : UBS raises target price to 83.5 euros from 76 euros; rating buy
* Associated British Foods ABF.L : S&P Capital IQ cuts target to 2670p from 2730p; sell
* Atlantic Petroleum ATLA.CO : Swedbank starts with buy rating; Nok 150 target price
* Axa AXAF.PA : Deutsche Bank raises target price to 22.50 euros from 22 euros; rating buy
* Barclays BARC.L : Deutsche Bank raises target price to 300p from 285p; rating buy
* Bilfinger SE GBFG.DE : DZ Bank cuts target to 54.00 euros from 55.00 euros; rating hold
* Bodycote Plc BOY.L : Jefferies raises price target to 835p from 825p; rating buy
* Boliden BOL.ST : SocGen raises to buy from hold
* Boliden BOL.ST : SocGen raises target price to sek 140 from sek 100
* Cairn Energy CNE.L : Deutsche Bank cuts target price to 210p from 260p; rating hold
* Charles Stanley CAY.L : Canaccord Genuity cuts target price to 385p from 480p; rating buy
* Corio COR.AS : JP Morgan raises price target to 41.40 euros from 36.50 euros; neutral
* Dechra Pharmaceuticals DECP.L : Investec raises target to 860p from 842p; rating buy
* Dechra Pharmaceuticals DECP.L : Peel Hunt raises target to 805p from 778p; rating buy
* Dechra Pharmaceuticals DECP.L : Oriel Securities raises to add from hold
* D'ieteren IETB.BR : ESN/Bank Degroof ups target to 34.50 euros from 32 euros; neutral
* Delhaize DELB.BR : ING raises to buy from hold
* Deutsche Annington ANNGn.DE : JP Morgan raises target to 26.50 euros from 24.50 euros
* Deutsche Wohnen AG DWNG.DE : JP Morgan raises to overweight from neutral
* Deutsche Wohnen AG DWNG.DE : JP Morgan raises price target to 19 euros from 17.50 euros
* DNO DNO.OL : Deutsche Bank cuts target price to Nok 23 from Nok 25; rating hold
* DRDGold Ltd DRDJ.J : JP Morgan cuts target to 2.3 rand from 3.3 rand; rating underweight
* Endesa ELE.MC : S&P Capital IQ cuts to sell from hold
* Fielmann FIEG.DE : HSBC raises to neutral from underweight
* Fielmann FIEG.DE : HSBC raises price target to 53 euros from 40.5 euros
* Fugro FUGRc.AS : Canaccord Genuity starts with sell; price target 25 euros
* Gagfah GFJG.DE : JP Morgan raises price target to 15.85 euros from 14.30 euros; neutral
* Genel Energy GENL.L : Deutsche Bank cuts target price to 1120p from 1350p
* GlaxoSmithkline GSK.L : Credit Suisse cuts target to 1400p from 1475p; underperform
* Go-Ahead Group GOG.L : RBC raises target to 2500p from 2400p; rating sector perform
* Grand City Properties GYC.DE : JP Morgan raises target to 11.25 euros from 10.75 euros
* Gulf Keystone GKP.L : Deutsche Bank cuts target price to 100p from 140p
* Hochschild Mining HOCM.L : Numis cuts target price to 160p from 170p; rating hold
* Hyder Consulting Plc HYC.L : Peel Hunt raises target price to 750p from 730p; rating hold
* Icade ICAD.PA : JP Morgan starts with underweight; price target euros 71
* Intu Properties INTUP.L : JP Morgan raises price target to 340p from 305p; underweight
* Ipsen IPN.PA : Socgen raises target price to 36 euros from 33 euros; rating
* Jupiter Fund Management Plc JUP.L : Numis raises to buy from add
* Kazakhmys Plc KAZ.L : Numis cuts price target to 280p from 290p; rating hold
* Koza KOZAL.IS : JP Morgan cuts target price to Tl 18.40 from Tl 19
* LEG LEGn.DE : JP Morgan raises price target to 59 euros from 56 euros; neutral
* LEG LEGn.DE : Deutsche Bank raises target price to 62 euros from 56 euros; rating buy
* Legal & General LGEN.L : Deutsche Bank raises target price to 260p from 239p; rating buy
* Lenta LNTAq.L : JP Morgan raises price target to $18 from $15; rating overweight
* Lloyds Banking Group LLOY.L : Deutsche Bank raises target to 94p from 89p; rating buy
* Lundin Petroleum LUPE.ST : Deutsche Bank raises to buy; target to Sek 150 from Sek 130
* Ophir Energy OPHR.L : Deutsche Bank cuts to hold from buy rating; target 235p from 280p
* Patrizia Immobilien P1ZGn.DE : JP Morgan raises price target to 10 euros from 9 euros
* Petropavlovsk Plc POG.L : Numis cuts price target to 30p from 60p; rating sell
* Premier Oil PMO.L : Deutsche Bank cuts target price to 420p from 495p
* Randgold Resources RRS.L : JP Morgan cuts target price to 5,200p from 5,300p
* Rank Group Plc RNK.L : Peel Hunt raises target price to 217p from 208p; rating buy
* Retroscreen Virology Group Plc RVG.L : Numis raises target to 410p from 360p; rating buy
* Rightmove Plc RMV.L : Canaccord Genuity cuts to hold from buy
* Safilo SFLG.MI : Berenberg cuts to hold from buy
* Salamander Energy SMDR.L : Deutsche Bank cuts to hold from buy; target to 125p from 185p
* Scor SE SCOR.PA : RBC cuts price target to 27 euros from 30 euros; rating outperform
* Seadrill SDRL.OL : Canaccord Genuity starts with sell; price target nok 170
* Ter Beke TERB.BR : ESN/Bank Degroof raises to accumulate from hold
* Tullow Oil TLW.L : Deutsche Bank cuts target price to 790p from 885p; rating hold
* Vinci SA SGEF.PA : Natixis cuts target price to 55 euros from 59 euros; rating buy
* Vivendi VIV.PA : Raymond James cuts to market perform from outperform rating
* Wendel SA MWDP.PA : Natixis cuts price target to 129 euros from 132 euros; rating buy
* Zurich Insurance ZURN.VX : Deutsche Bank ups target to Sfr 290 from Sfr 270; rating hold
(Compiled by Fareha Khan, Archana Lakshmi Narasiah and Jai Ganesh in Bangalore)
((fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780 outside U.S. +91 80 6749 1130;
Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/