Europe Research Roundup: SAP, Aveva Group, DNO, Hugo Boss
03/09/2014 16:31
Sept 3 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Aveva Group, Hugo Boss and African Barrick Gold, on Wednesday.
HIGHLIGHTS
* SAP SAPG.DE : Exane BNP Paribas cuts to underperform from neutral rating
* Aveva Group AVV.L : UBS raises to buy from neutral rating
* DNO DNO.OL : Swedbank cuts to neutral from buy
* Hugo Boss BOSSn.DE : Barclays raises to equal weight from underweight
* African Barrick Gold ABGL.L : Deutsche Bank cuts to hold from buy rating
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Admiral Group ADML.L : Barclays cuts to underweight from equal weight
* Admiral Group ADML.L : Barclays cuts target price to 1175p from 1428p
* Admiral Group PLC ADML.L : Berenberg cuts price target to 1166p from 1168p; rating sell
* Aegon NV AEGN.AS : Berenberg CUTS price target to 6.80 euros from 7.20 euros; rating holD
* Afren Plc AFRE.L : Credit Suisse raises to outperform from neutral
* Afren Plc AFRE.L : Credit Suisse cuts price target to 132p from 177p
* African Barrick Gold ABGL.L : CIBC raises price target to 280p; rating sector performer
* African Barrick Gold ABGL.L : Deutsche Bank cuts to hold from buy rating
* Alrosa ALRS.MM : Renaissance Capital reinitiates coverage with sell rating
* Anglogold Ashanti Ltd ANGJ.J : CIBC raises to sector outperformer from sector performer
* Ashtead Group AHT.L : Panmure raises target price to 1128p from 1090p; rating buy
* Ashtead Group AHT.L : Barclays raises target price to 1156p from 946p; rating overweight
* Ashtead Group AHT.L : Investec raises target price to 1140p from 1100p; rating buy
* Ashtead Group AHT.L : Jefferies raises price target to 1185p from 1150p; rating buy
* ASML ASML.AS : Natixis raises price target to 84 euros from 80 euros; rating buy
* Asos Plc ASOS.L : Peel Hunt cuts to hold from buy rating; target to 2500p from 3000p
* Atlas Copco AB ATCOa.ST : UBS raises target price to Sek 176 from Sek 164; rating sell
* Aveva Group AVV.L : UBS raises to buy from neutral rating
* Baloise BALN.VX : Berenberg cuts to hold from buy
* Baloise BALN.VX : Vontobel raises price target to Sfr 128 from Sfr 125; rating hold
* Beiersdorf BEIG.DE : Helvea Baader Bank raises to buy from hold on valuation
* Belgravium Technologies BVM.L : WH Ireland raises target to 8p from 6.5p; rating buy
* Centamin Plc CEY.L : CIBC raises target to 65p from 45p; rating sector underperformer
* CRH Plc CRH.I : HSBC raises to neutral from underweight
* CRH Plc CRH.I : HSBC raises price target to 18.5 euros from 15 euros
* Deutsche Annington ANNGn.DE : Exane BNP Paribas raises target to 26 euros; outperform
* Deutsche Wohnen DWNG.DE : Exane BNP Paribas raises target price to 17.50 euros; neutral
* Direct Line Insurance DLGD.L : Barclays starts with equal weight
* Direct Line Insurance DLGD.L : Barclays starts with target price 296p
* DNO DNO.OL : Swedbank cuts to neutral from buy
* DRD Gold Ltd DRDJ.J : CIBC cuts price target to 4 rand; rating sector outperformer
* Enagas ENAG.MC : Barclays raises to overweight from equal weight
* Enagas ENAG.MC : Barclays raises target price to 28.50 euros from 18 euros
* Esso ESSF.PA : Natixis cuts price target to 32.7 euros from 34.5 euros; rating reduce
* Esure ESUR.L : Barclays starts with underweight
* Esure ESUR.L : Barclays starts with target price 235p
* Esure ESUR.L : Berenberg cuts price target to 281p from 286p; rating buy
* Eurobank EURBr.AT : Barclays cuts target price to 0.46 euros from 0.50 euros; overweight
* Fluxys Belgium FLUX.BR : ESN/Bank Degroof raises to reduce from sell
* Glencore Plc GLEN.L : Investec raises to add from hold
* Glencore Plc GLEN.L : Investec raises price target to 380p from 360p
* Hargreaves Lansdown HRGV.L : Numis revises rating to add from buy
* Helvetia Holding AG HELN.S : Berenberg raises target to Sfr 510 from Sfr 500; rating buy
* Henry Boot BHY.L : WH Ireland raises target price to 315p from 300p; rating buy
* Hexagon HEXAb.ST : UBS raises target price to Sek 250 from Sek 236; rating buy
* Hugo Boss BOSSn.DE : Barclays raises to equal weight from underweight
* Hugo Boss BOSSn.DE : Barclays raises target price to 110 euros from 105 euros
* Just Eat JE.L : Jefferies starts with buy; price target 450p
* Kazakhmys Plc KAZ.L : Morgan Stanley raises target price to 260p from 230p; underweight
* Metso MEO1V.HE : UBS raises target price to 25 euros from 23 euros; rating sell
* Naturex NATU.PA : Socgen cuts target price to 57 euros from 61 euros; rating hold
* OCI NV OCI.AS : JP Morgan raises to overweight from neutral
* Phoenix PHNX.L : Berenberg raises price target to 825p from 750p; rating buy
* Randgold Resources Ltd RRS.L : CIBC ups target to 6000p from 5500p; sector outperformer
* Randgold RRS.L : Deutsche Bank cuts to hold from buy rating
* Red Electrica REE.MC : Barclays cuts to equal weight from overweight
* Red Electrica REE.MC : Barclays raises target price to 65.50 euros from 49 euros
* Redes Energeticas Nacionais RENE.LS : Barclays raises to overweight from equal weight
* Redes Energeticas Nacionais RENE.LS : Barclays ups target to 3.10 euros from 2.30 euros
* Redrow Plc RDW.L : Jefferies raises price target to 410p from 360p; rating buy
* Redrow RDW.L : Peel Hunt raises target price to 395p from 391p; rating buy
* Reed Elsevier REL.L : Credit Suisse raises price target to 895p from 815p; rating neutral
* Safestore SAFE.L : Investec raises target price to 243p from 236p; rating buy
* Safilo SFLG.MI : ESN/Banca Akros revises to hold from accumulate
* Safilo SFLG.MI : Bryan Garnier cuts to neutral from buy; target to 15 euros from 19 euros
* Saint Gobain SGOB.PA : Davy cuts to neutral from outperform
* Sanofi SA SASY.PA : Morgan Stanley raises target to 95 euros from 90 euros; overweight
* SAP SAPG.DE : Exane BNP Paribas cuts to underperform from neutral rating
* SAP SAPG.DE : Exane BNP Paribas cuts target price to 52 euros from 58 euros
* Sberbank SBER.MM : Socgen cuts price target to 124 roubles from 135 roubles; rating buy
* Sistema SSAq.L : Credit Suisse cuts to neutral from outperform
* Storebrand ASA STB.OL : Berenberg cuts price target to nok 40 from nok 46; rating buy
* Store Electronic SESL.PA : Socgen cuts target price to 18 euros from 19 euros; rating buy
* SNAM SRG.MI : Barclays raises target price to 5 euros from 4.90 euros
* Swiss Life Holding AG SLHN.VX : Berenberg cuts to hold from buy
* Terna TRN.MI : Barclays raises target price to 4 euros from 3.50 euros
* TDC TDC.CO : Credit Suisse cuts to neutral from outperform; target to Dkk 53 from Dkk 55
* Uralkali URKAq.L : Renaissance Capital reinitiates coverage with hold rating
* Vedanta Resources VED.L : Deutsche Bank raises to buy from hold rating
* Vopak VOPA.AS : Morgan Stanley raises target to 39 euros from 38 euros; equal weight
* VTB Bank OAO VTBRq.L : Socgen cuts price target to $2.2 from $2.7; rating hold
* WM Morrison MRW.L : Jefferies cuts price target to 225p from 250p; rating buy
(Compiled by Archana Lakshmi Narasiah in Bangalore)
((archana.narasiah@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6677
3126)(Reuters messaging:archana.narasiah.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/