EUROPE RESEARCH ROUNDUP: Allianz, Bayer, Volkswagen, Sodexo
21/11/2013 16:18
Nov 21 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Allianz and Antofagasta, on Thursday.
HIGHLIGHTS
* Allianz ALVG.DE : Citigroup cuts to neutral from buy; target to 135 euros from 145 euros
* Antofagasta ANTO.L : UBS cuts to neutral from buy
* Bayer BAYGn.DE : JP Morgan ups target to 112 euros from 100 euros; rating overweight
* Sodexo EXHO.PA : Citigroup cuts to neutral from buy
* Volkswagen VOWG_p.DE : Barclays ups target to 225 from 192 euros; rating overweight
* UK Equipment: Liberum starts Ashtead AHT.L ,Speedy Hire SDY.L with buy ID:nWNBB035UT
Following is a summary of research actions on European companies reported by Reuters on Thurday.
Stock entries are in alphabetical order.
* Ackermans ACKB.BR : Exane BNP Paribas ups target to 88 euros from 77 euros; outperform
* Aggreko AGGK.L : Liberum starts with hold; target price 1500p
* Allianz ALVG.DE : Citigroup cuts to neutral from buy
* Allianz ALVG.DE : Citigroup cuts target to 135 euros from 145 euros
* Antofagasta ANTO.L : UBS cuts to neutral from buy
* A.P.R. Energy APREN.L : Liberum starts with sell; target price 890p
* ARM ARM.L : HSBC starts with overweight; price target 1120p
* Ashtead AHT.L : Liberum starts with buy rating; target price 765p
* Aegon AEGN.AS : Morgan Stanley ups target to 7.60 euros from 7 euros; rating overweight
* Bayer BAYGn.DE : JP Morgan ups target to 112 euros from 100 euros; rating overweight
* Close Brothers CBRO.L : Canaccord Genuity raises target to 1430p from 1320p; buy
* C&C Group GCC.I : JP Morgan ups target to 4.25 euros from 3.70 euros; neutral
* Daily Mail and General Trust DMGOa.L : Canaccord Genuity ups target to 886p from 751p
* d'Entreprises CFEB.BR : Exane BNP Paribas ups target to 72euros from 50euros; outperform
* Derwent London DLN.L : Goldman Sachs ups target by 14 percent to 2950p; rating buy
* Devro DVO.L : Investec cuts target price to 343p from 370p; rating buy
* DMGT DMGOa.L : Numis raises target to 1,080p from 1,007p; rating buy
* EADS EAD.PA : UBS drops from key call list; cuts target price to 59 euros from 62 euros
* EADS EAD.PA : JP Morgan cuts target to 66 euros from 69 euros; overweight
* Ecotel E4CG.DE : DZ Bank raises fair value to 9 euros from 7 euros; rating buy
* Enteq Upstream NTQ.L : Investec cuts target price to 88p from 110p; rating buy
* Erste Bank ERST.VI : Deutsche Bank ups to buy from hold
* Erste Bank ERST.VI : Deutsche Bank ups target to 32 euros from 24 euros
* Faroe FPM.L : Canaccord Genuity cuts target price to 156p from 164p; rating buy
* Firstgroup FGP.L : Morgan Stanley raises target to 120p from 104p; equal weight
* French Connection FCCN.L : Cantor Fitzgerald raises target to 40p from 32p; rating hold
* Generali GASI.MI : JP Morgan raises target to 21 euros from 20 euros;rating overweight
* Go-Ahead GOG.L : Morgan Stanley raises target to 1900p from 1860p; overweight
* Great Portland GPOR.L : Goldman Sachs ups target by 18 percent to 725p; rating buy
* Halma HLMA.L : JP Morgan raises price target to 540p from 510p; neutral
* Hannover HNRGn.DE : Canaccord Genuity raises target to 65 euros from 60 euros; buy
* Hennes HMb.ST : Morgan Stanley ups target to Sek 215 from Sek 195; rating underweight
* Howden Joinery HWDN.L : Citigroup ups target to 315p from 275p; rating neutral
* Imagination IMG.L : Credit Suisse cuts target to 235p from 275p; underperform
* Intercede Group IGP.L : Finncap raises pice target to 150p
* Intermediate Capital ICP.L : Numis cuts to hold from add
* Intertek ITRK.L : Cantor cuts target price to 3065p from 3175p; rating
* ITV ITV.L : Panmure raises target price to 270p from 180p; rating buy
* Johnson Matthey JMAT.L : JP Morgan ups target to 4040p from 4000p; rating overweight
* Johnson Matthey JMAT.L : S&P Capital IQ raises target to 2900p from 2350p; sell
* Kromek Group KMK.L : Panmure starts with buy rating; price target of 92p
* Laboratorios Farmaceuticos ROVI ROVI.MC : UBS cuts to neutral from buy
* Ladbrokes LAD.L : JP Morgan cuts price target to 140p from 150p; rating underweight
* Lagardere LAGA.PA : HSBC raises target to 27.5 euros from 24.5 euros; neutral
* Legal & General LGEN.L : Oriel Securities cuts to hold from buy
* Legal & General LGEN.L : BofA Merrill ups to buy from neutral; target to 250p from 210p
* Metro MEOG.DE : Exane BNP Paribas ups target to 34 euros from 28 euros; underperform
* Mothercare MTC.L : Numis raises target price to 475p from 450p; rating add
* Munich Re MUVGn.DE : UBS starts with buy rating; target price 177 euros
* Munich MUVGn.DE : Canaccord Genuity raises target to 155 euros from 150 euros; hold
* Optos OPTS.L : Panmure raises to buy from hold
* Optos OPTS.L : Jefferies cuts price target to 220p from 240p; buy
* Optos OPTS.L : Peel Hunt raises to buy from hold
* Paddy Power PAP.I : JP Morgan cuts price target to $59 from $60; rating neutral
* Paragon Group PARA.L : Peel Hunt raises to buy from hold
* Petra Diamonds PDL.L : Panmure cuts price target to 130p from 151p; rating buy
* Pirelli PECI.MI : HSBC raises to overweight from neutral
* Pirelli PECI.MI : HSBC raises target to 13.50 euros from 11 euros
* Qinetiq Group QQ.L : JP Morgan ups target by 2.5 percent to 215p; rating neutral
* Raiffeisen Bank RBIV.VI : Deutsche Bank raises to buy from hold
* Raiffeisen Bank RBIV.VI : Deutsche Bank ups target to 33 euros from 24 euros
* SABMiller SAB.L : S&P Capital IQ raises target price to 3350p from 3300p; rating hold
* Saras SRS.MI : SocGen cuts to hold from buy; cuts target to 0.98 euros from 1.19 euros
* Schoeller SBOE.VI : Canaccord Genuity cuts target price to 85 euros from 90 euros
* Scor SCOR.PA : Canaccord Genuity raises target to 27 euros from 25.5 euros; hold
* Sixt SE SIXG.DE : HSBC cuts to neutral from overweight
* Sodexo EXHO.PA : Citigroup cuts to neutral from buy
* Speedy Hire SDY.L : Liberum starts with buy rating; target price 88p
* Stagecoach SGC.L : Morgan Stanley raises to overweight from equal weight
* Stagecoach SGC.L : Morgan Stanley raises target to 390p from 330p
* Standard Life SL.L : Oriel Securities raises to buy from add
* Swiss Re SRENH.VX : UBS starts with neutral rating; target price Sfr 83
* Swiss Re SRENH.VX : Canaccord Genuity raises target to Sfr 85 from Sfr 80; buy
* Tele2 TEL2b.ST : UBS cuts target price Sek to 86 from Sek 92; rating buy
* Topdanmark TOP.CO : JP Morgan ups target to Dkk 127 from Dkk 125.60; rating underweight
* UDG Healthcare UDG.L : Jefferies cuts price target to 340p from 400p; rating buy
* UDG Healthcare UDG.L : Investec cuts target price to 305p from 330p; reduce
* Vivendi VIV.PA : Raymond James ups target to 20.60 euros from 19 euros; outperform
* Volkswagen VOWG_p.DE : Barclays ups target to 225 from 192 euros; rating overweight
* William Hill WMH.L : JP Morgan cuts target to 360p from 400p; underweight
* Wirecard WDIG.DE : Natixis raises target price to 31 euros from 27 euros; rating buy
* Youngs YNGa.L : Panmure raises target price to 983p from 955p; rating hold
* Zodiac Aerospace ZODC.PA : SocGen ups target to 127 euros from 104 euros; rating hold
* Zodiac ZODC.PA : HSBC raises target to 125 euros from 111.5 euros; rating neutral
* Zodiac Aerospace ZODC.PA : Natixis raises target to 140 euros from 118 euros; buy
* Zon Optimus ZONOP.LS : Berenberg ups target to 6 euros from 4.60 euros; rating buy
SECTOR CHANGE
* Europe Capital Goods: Goldman Sachs cuts sector view to cautious from neutral
* European Banks: Goldman Sachs raises to overweight from neutral
* European Chemicals: Goldman Sachs cuts to underweight from neutral
* European Media: Goldman Sachs cuts to neutral
* European Telecoms: Goldman Sachs raises to neutral
(Compiled by Sampad Patnaik in Bangalore)
((sampad.patnaik@thomsonreuters.com)(Within U.S. +1 646 223 8780, outside U.S. +91 80 6749
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Keywords: RESEARCH EUROPE/