Europe Research Roundup: Allianz, Terna, Dialog Semiconductor

Elumeo SE

14/12/2015 11:26

Dec 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Hapag Lloyd, Bellway and Titan Cement, on Monday.  
     
     
    HIGHLIGHTS 
    * Terna  TRN.MI : RBC raises to sector perform from underperform 
    * Allianz SE  ALVG.DE : Jefferies raises to buy from hold 
    * Bellway Plc  BWY.L : Citigroup raises to buy from neutral 
    * Dialog Semiconductor  DLGS.DE : HSBC cuts to hold from buy 
    * Titan Cement  TTNr.AT : Deutsche Bank cuts to hold from buy  ID:nWNAB09EXK  
       
     
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
     
     
    * Aegon NV  AEGN.AS : Barclays cuts target price to 6 euros from 6.3 euros; equal weight 
    * Aena  AENA.MC : Deutsche Bank raises to hold from sell; target to 98 euros from 86 euros 
    * Allianz SE  ALVG.DE : Jefferies raises target price to 183 euros from 146 euros 
    * Allianz SE  ALVG.DE : Jefferies raises to buy from hold 
    * AMS AG  AMS.S : HSBC raises target price to Sfr 47.4 from Sfr 42 
    * AMS AG  AMS.S : HSBC raises to buy from hold 
    * Anglo American  AAL.L : CIBC cuts target price to 250p from 550p; sector underperformer 
    * AT&S  ATSV.VI : HSBC raises target price to 20.4 euros from 18 euros; rating buy 
    * Atos SE  ATOS.PA : Bryan Garnier raises target price to 94 euros from 85 euros; rating buy 
    * Aurubis AG  NAFG.DE : HSBC cuts target price to 52.5 euros from 58 euros; rating hold 
    * Auto Trader  AUTOA.L : Jefferies raises target price to 520p from 350p; rating buy 
    * AXA SA  AXAF.PA : Barclays raises target price to 28 euros from 26.3 euros; overweight 
    * AXA SA  AXAF.PA : Jefferies raises target to 28.80 euros from 25.50 euros; rating buy 
    * Banco Popolare  BAPO.MI : Exane BNP Paribas raises to outperform from neutral 
    * Banco Popolare  BAPO.MI : Exane BNP Paribas raises target price to 15.2 euros 
    * BBA Aviation Plc  BBA.L : UBS cuts target price to 180p from 229p; rating neutral 
    * Bellway Plc  BWY.L : Citigroup raises target price to 2980p from 2660p 
    * Bellway Plc  BWY.L : Citigroup raises to buy from neutral 
    * Bellway Plc  BWY.L : UBS raises target price to 3475p from 3375p; rating buy 
    * Beneteau SA  CHBE.PA : SocGen cuts target price to 16.70 euros from 17 euros; rating buy 
    * BMPS  BMPS.MI : Exane BNP Paribas cuts target price to 2.4 euros 
    * BP Milano  PMII.MI : Exane BNP Paribas raises target price to 0.96 euros 
    * BPER  EMII.MI : Exane BNP Paribas raises target price to 8.9 euros 
    * BTG Plc  BTG.L : Deutsche Bank raises target price to 755p from 750p; rating buy 
    * Buzzi Unicem  BZU.MI : Deutsche Bank raises target to 18 euros from 14 euros; rating hold 
    * Cembra Money Bank AG  CMBN.S : Credit Suisse raises target price to Sfr 67 from Sfr 64 
    * Cembra Money Bank AG  CMBN.S : Credit Suisse raises to outperform from neutral 
    * Cityfibre Infrastructure  CFHL.L : Liberum raises target to 138p from 114p; rating buy 
    * Cobham Plc  COB.L : Berenberg cuts target price to 260p from 300p 
    * Cobham Plc  COB.L : Berenberg cuts to sell 
    * Cohort  CHRT.L : Investec raises target price to 455p from 420p; rating buy 
    * Cosmo Pharmaceuticals  COPN.S : Credit Suisse starts with outperform; target of Sfr 250 
    * Credem  EMBI.MI : Exane BNP Paribas raises target price to 7.4 euros 
    * Creval  PCVI.MI : Exane BNP Paribas raises target price to 1.45 euros 
    * CRH Plc  CRH.L : Deutsche Bank raises target price to 1986p from 1968p; rating hold 
    * Debenhams PLC  DEB.L : Deutsche Bank cuts target price to 85p from 90p 
    * Dialog Semiconductor  DLGS.DE : HSBC cuts to hold from buy 
    * Dialog Semiconductor  DLGS.DE : HSBC cuts target to 31.2 euros from 50 euros 
    * Drax Group Plc  DRX.L : Goldman Sachs raises to buy from sell 
    * Elior  ELIOR.PA : Natixis raises target price to 21 euros from 20.5 euros; rating buy 
    * Elior  ELIOR.PA : Kepler Cheuvreux raises target to 20.50 euros from 19 euros; rating buy 
    * Elumeo SE  ELBG.DE : SocGen raises target price to 20 euros from 16 euros; rating hold 
    * EVN AG  EVNV.VI : Deutsche Bank raises target to 10.50 euros from 10 euros; rating hold 
    * Gemalto NV  GTO.AS : HSBC cuts target price to 90 euros from 95 euros; rating buy 
    * Generali  GASI.MI : Barclays raises target to 17 euros from 16.10 euros; equal weight 
    * Genmab A/S  GEN.CO : Jefferies raises target price to Dkk 1,150 from Dkk 750; rating buy 
    * Gjensidige  GJFS.OL : Barclays raises target to Nok 141 from Nok 130; rating equal weight 
    * Glencore Plc  GLEN.L : RBC raises target price to 115p from 100p; rating sector perform 
    * Grupo Clarin  GCSAq.L : Santander raises target price to $22 from $18.50; rating buy 
    * Halfords Group PLC  HFD.L : Deutsche Bank cuts target price to 380p from 425p 
    * Hapag Lloyd AG  HLAG.DE : Berenberg starts with buy; 33 euros target price 
    * Hapag Lloyd AG  HLAG.DE : Citigroup starts with buy; 24.43 euros target price 
    * Hapag Lloyd AG  HLAG.DE : Goldman Sachs starts with neutral rating 
    * Hapag Lloyd AG  HLAG.DE : Goldman Sachs starts with target price 23.40 euros 
    * Hapag Lloyd AG  HLAG.DE : Credit Suisse starts with neutral; 21.32 euros target price 
    * Hapag Lloyd AG  HLAG.DE : HSBC starts with buy; 27 euros target price 
    * Heidelbergcement  HEIG.DE : Deutsche Bank ups target to 87.70 euros from 81.50 euros; buy 
    * Hennes & Mauritz  HMb.ST : Deutsche Bank cuts target price to Sek 325 from Sek 340 
    * Home Retail Group PLC  HOME.L : Deutsche Bank cuts target price to 120p from 130p 
    * Infineon  IFXGn.DE : HSBC raises target price to 15.7 euros from 12.3 euros; rating buy 
    * Investec Plc  INVP.L : Numis cuts target price to 496p from 609p; rating add 
    * Marks and Spencer  MKS.L : Deutsche Bank cuts target price to 580p from 600p 
    * Micro Focus  MCRO.L : UBS raises target price to 1655p from 1460p; rating buy 
    * NN Group NV  NN.AS : Barclays raises target price to 32.5 euros from 32.3 euros 
    * OVS SpA  OVS.MI : Kepler Cheuvreux raises target price to 7.30 euros from 7 euros; buy 
    * Porsche  PSHG_p.DE : JP Morgan cuts target price to 69 euros from 80 euros; rating neutral 
    * Poundland Group PLC  PLND.L : Deutsche Bank cuts target price to 250p from 325p 
    * Public Power  DEHr.AT : Goldman Sachs raises to neutral from sell  
    * Red Electrica  REE.MC : Jefferies starts with buy; 88 euros target price 
    * Saint Gobain  SGOB.PA : Deutsche Bank raises target to 50.20 euros from 48.40 euros; buy  
    * Sampo  SAMAS.HE : Barclays raises target price to 51.5 euros from 50.20 euros 
    * SAP  SAPG.DE : JP Morgan raises target price to 85 euros from 75 euros; rating overweight 
    * SIG  SHI.L : Jefferies cuts target price to 180p from 250p; rating buy 
    * Siltronic AG  WAFGn.DE : HSBC cuts target price to 30.3 euros from 42 euros; rating buy 
    * Stagecoach Group Plc  SGC.L : Panmure cuts target price to 330p from 370p; rating hold 
    * Sthree Plc  STHR.L : Numis cuts target price to 420p; rating buy 
    * Sthree Plc  STHR.L : UBS cuts target price to 385p from 410p; rating buy 
    * Tarkett  TKTT.PA : Deutsche Bank raises target price to 25 euros from 23 euros; hold  
    * Tele2 AB  TEL2b.ST : Credit Suisse raises to neutral; target price to Sek 83 
    * Telecom Italia SpA : SocGen raises target price to Eur 1.10; rating hold 
    * Terna  TRN.MI : Jefferies starts with hold; 4.80 euros target price 
    * Terna  TRN.MI : RBC raises target price to 4.50 euros from 4 euros 
    * Terna  TRN.MI : RBC raises to sector perform from underperform 
    * Titan Cement  TTNr.AT : Deutsche Bank cuts to hold from buy 
    * Titan Cement  TTNr.AT : Deutsche Bank cuts target price to 19 euros from 23 euros 
    * Topdanmark A/S  TOP.CO : Barclays raises target price to Dkk 236 from Dkk 221 
    * Tryg A/S  TRYG.CO : Barclays raises target price to Dkk 143 from Dkk 138 
    * UBI  UBI.MI : Exane BNP Paribas cuts target price to 6.2 euros 
    * UniCredit  CRDI.MI : Exane BNP Paribas cuts target price to 5.7 euros 
    * Victrex Plc  VCTX.L : UBS cuts target price to 1890p from 1970p; rating neutral 
    * Vienna Insurance  VIGR.VI : Barclays cuts target price to 29.60 euros from 32.5 euros 
    * VZ Holding AG  VZN.S : UBS cuts to sell from neutral 
    * VZ Holding AG  VZN.S : UBS raises target price to Sfr 300.50 from Sfr 257 
    * Walker Greenbank  WGB.L : Investec cuts target price to 230p from 250p; rating buy 
    * Weir Group Plc  WEIR.L : Panmure cuts target price to 800p from 875p; rating sell 
    * Whitbread Plc  WTB.L : Goldman Sachs cuts to neutral from buy 
    * Whitbread Plc  WTB.L : Goldman Sachs removes from Pan-Europe Buy List 
    * WH Smith PLC  SMWH.L : Deutsche Bank raises target price to 1,850p from 1,700p  
    * Zalando SE  ZALG.DE : Deutsche Bank raises target price to 30 euros from 25 euros    
 
 
 (Compiled by Eileen Soreng in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/