Europe Research Roundup: Deutsche Bank, ENI, Volvo, Hermes
22/04/2014 13:58
April 22 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Deutsche Bank, ENI and Volvo, on Tuesday.
HIGHLIGHTS
* Atos ATOS.PA : UBS raises to buy from neutral; Socgen cuts price target
* Deutsche Bank DBKGn.DE : UBS cuts to neutral rating
* Eni ENI.MI : UBS cuts to neutral from buy
* Volvo AB VOLVb.ST : Baird raises to outperform rating
* AstraZeneca AZN.L : Citigroup raises to buy from neutral
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Accor ACCP.PA : Citigroup cuts target price to 42 euros from 45 euros; rating buy
* Acerinox SA ACX.MC : JP Morgan raises target price to 11 euros from 9 euros; underweight
* Adidas AG ADSGn.DE : Nomura cuts target price to 87 euros from 95 euros; rating buy
* Akzo Nobel AKZO.AS : Barclays cuts price target to 54 euros; underweight rating
* Alior Bank ALRR.WA : Deutsche Bank raises target to Pln 117 from Pln 100; rating buy
* Altarea IMAF.PA : SocGen cuts target price to 143 euros from 153 euros; rating buy
* ARM Holdings ARM.L : Goldman Sachs cuts price target to 1450p from 1500p; rating buy
* Ashtead Group AHT.L : Investec raises target price to 1100p from 800p; rating buy
* AstraZeneca AZN.L : Citigroup raises to buy from neutral
* Atos ATOS.PA : UBS raises to buy from neutral
* Atos ATOS.PA : Socgen cuts price target by 1 euro to 75 euros; rating buy
* Babcock International BAB.L : Investec raises to buy from hold
* Bank Handlowy BHW.WA : Deutsche Bank cuts price target to Pln 110 from Pln 112; hold
* Bank Millennium MILP.WA : Deutsche Bank raises price target to Pln 7.7 from Pln 6.3; sell
* Bank Pekao PEO.WA : Deutsche Bank ups to buy from hold;ups target to Pln 217 from Pln 187
* Bank Zachodni WBK BZW.WA : Deutsche Bank cuts price target to Pln 400 from Pln 410; hold
* Berkeley Resources BKY.L : Numis starts with buy rating; target price of 35p
* Circassia CIRCI.L : JP Morgan starts with overweight rating
* Circassia CIRCI.L : Canaccord Genuity starts with buy rating
* Circassia CIRCI.L : Canaccord Genuity starts with target price of 341p
* Comptel Oyj CTL1V.HE : ESN/Pohjola cuts to hold from accumulate
* Credit Suisse CSGN.VX : S&P Capital IQ ups to buy from hold; target to Sfr 33 from Sfr 30
* Danone DANO.PA : RBC cuts target price to 48 euros from 49 euros; rating underperform
* Deutsche Bank DBKGn.DE : UBS cuts to neutral; cuts price target to 33 euros
* Diageo DGE.L : Raymond James cuts to market perform from outperform
* Diageo DGE.L : JP Morgan cuts target price to 1780p from 1825p; rating neutral
* DOCdata DOCD.AS : ESN/SNS Securities raises to buy from hold rating
* Earthport Plc EPO.L : Panmure raises target price to 61p from 52p; rating buy
* Elisa ELI1V.HE : UBS raises price target to 19.4 euros from 18.4 euros; rating neutral
* Eni ENI.MI : UBS cuts to neutral from buy
* Evraz EVRE.L : JP Morgan raises to neutral from underweight
* Firstgroup FGP.L : Investec cuts target price to 151p from 160p; rating buy
* Garanti Bank GARAN.IS : Renaissance Capital cuts to sell from hold; target to Tl 6.6
* Hermes International HRMS.PA : SocGen cuts to sell from hold
* Hiscox HSX.L : JP Morgan raises target price to 631p from 559p; rating neutral
* Holcim Ltd HOLN.VX : Vontobel raises price target to Sfr 94 from Sfr 91; rating buy
* Hugo Boss AG BOSSn.DE : Nomura ups target price to 98 euros from 95 euros; rating reduce
* ING Bank Slaski SA INGP.WA : Deutsche Bank raises target to Pln 131 from Pln 112; hold
* Ingenico INGC.PA : Morgan Stanley cuts to underweight from equal-weight
* Ingenico INGC.PA : Morgan Stanley raises target price to 55 euros from 53 euros
* Kering PRTP.PA : Bernstein cuts target to 160 euros from 165 euros; rating market-perform
* KPN KPN.AS : Socgen raises to buy from hold
* Krones KRNG.DE : Deutsche Bank raises price target to 74 euros from 72 euros
* Lamprell LAM.L : Citigroup raises to buy from neutral rating
* Lassila & Tikanoja Oyj LAT1V.HE : ESN/Pohjola raises to buy from accumulate
* Lassila & Tikanoja Oyj LAT1V.HE : ESN/Pohjola ups target to 17.50 euros from 16.50 euros
* MBank MBK.WA : Deutsche Bank cuts price target to Pln 510 from Pln 550; rating hold
* Mulberry Group Plc MUL.L : Nomura cuts target price to 700p from 800p; rating neutral
* Ocado OCDO.L : Deutsche Bank cuts price target to 350p from 440p; rating sell
* Pets At Home Group Plc PETSP.L : Nomura starts with buy rating; target price of 245p
* PKO Bank Polski PKO.WA : Deutsche Bank cuts target to Pln 52 from Pln 56; rating buy
* Poundland PLND.L : JP Morgan starts with neutral rating
* SAP SAPG.DE : UBS cuts target price to 65 euros from 67 euros; rating buy
* Sodexo EXHO.PA : Kepler Cheuvreux raises to buy from hold
* Sodexo EXHO.PA : Kepler Cheuvreux raises price target to 87 euros from 85 euros
* Suez Environnement SEVI.PA : Deutsche Bank raises target price to 14 euros from 13 euros
* Tarkett TKTT.PA : JP Morgan cuts target to 31 euros from 36 euros; rating overweight
* Telenor Asa TEL.OL : UBS cuts price target to Nok 137 from Nok 146; rating buy
* Teliasonera AB TLSN.ST : JP Morgan cuts to neutral from overweight; target to Sek 50
* Turkiye Halk Bankasi HALKB.IS : Renaissance Capital ups target to Tl 18.5 from 15.7; buy
* Valmet Corp VALMT.HE : ESN/Pohjola cuts to hold from accumulate
* Volvo AB VOLVb.ST : Baird raises target price to Sek 123 from Sek 112
* Volvo AB VOLVb.ST : Baird raises to outperform rating
* Yapi ve Kredi YKBNK.IS : Renaissance Capital cuts to hold from buy; target to Tl 4.3
(Compiled by Fareha Khan and Mohan Anand 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/