Europe Research Roundup: Wacker Chemie, Delta Lloyd, EuroNext, Havas
01/09/2014 11:44
Sept 1 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Wacker Chemie, BASF and Delta Lloyd, on Monday.
HIGHLIGHTS
* Chemicals: JP Morgan raises Wacker Chemie WCHG.DE to neutral ID:nWNAB04NC3
* Life Insurance: JP Morgan cuts Delta Lloyd DLL.AS to neutral ID:nWNAB04NC5
* Havas EURC.PA : Barclays raises to overweight from equal weight
* EuroNext ENX.PA : ING starts with buy; price target 23 euros
* Italian Banks: Credit Suisse resumes Monte Dei Paschi BMPS.MI with neutral ID:nWNAB04NCZ
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Ageas AGES.BR : JP Morgan cuts target to 35.19 euros from 40.61 euros; rating overweight
* Aegon NV AEGN.AS : JP Morgan raises to overweight from neutral
* Air Liquide AIRP.PA : JP Morgan cuts target to 113 euros from 117 euros; overweight
* Aker Solutions AKSO.OL : Deutsche Bank cuts to sell from hold; target to Nok 82
* Akzo Nobel AKZO.AS : JP Morgan cuts target to 59 euros from 61 euros; rating neutral
* Arkema AKE.PA : JP Morgan cuts price target to 46 euros from 55 euros; rating underweight
* BASF BASFn.DE : JP Morgan raises target to 67 euros from 66 euros; rating underweight
* Belgacom BCOM.BR : Berenberg raises price target to 26 euros from 23 euros; rating hold
* Berendsen BRSN.L : Investec raises target price to 1190p from 958p; rating buy
* Bollore BOLL.PA : ESN/CM-CIC Securities ups target to 526euros from 511 euros; accumulate
* Bois Sauvage CBOS.BR : ESN/Bank Degroof raises to hold from reduce
* Bois Sauvage CBOS.BR : ESN/Bank Degroof raises price target to 224 euros from 214 euros
* Brederode BRED.BR : KBC raises to accumulate
* ComputaCenter CCC.L : UBS cuts price target to 700p from 705p; rating buy
* Continental CONG.DE : Berenberg starts with buy; price target 200 euros
* Corp.Financiera Alba ALB.MC : ESN/Beka Finance raises to buy from accumulate
* Corp.Financiera Alba ALB.MC : ESN/Beka Finance ups target to 58.61 euros from 52.50 euros
* CRH CRH.I : Exane BNP Paribas cuts to underperform from neutral
* CSR CSR.L : Numis revises to add from buy
* Darty Plc DRTY.L : Natixis cuts target price to 130p from 140p; rating buy
* Delta Lloyd DLL.AS : JP Morgan cuts to neutral from overweight
* Delta Lloyd DLL.AS : JP Morgan cuts price target to 20.68 euros from 24.74 euros
* Dixy DIXY.MM : Renaissance capital raises target to 564 roubles from 510 roubles; buy
* DSM DSMN.AS : JP Morgan cuts price target to 51 euros from 53 euros; rating neutral
* Elekta EKTAb.ST : SocGen raises target price to Sek 115 from Sek 105; rating buy
* Elia ELI.BR : KBC raises to accumulate
* Enervit ENVT.MI : ESN/Banca Akros raises to hold from sell
* Enervit ENVT.MI : ESN/Banca Akros raises price target to 4 euros from 3.85 euros
* Essilor ESSI.PA : Morgan Stanley raises price target to 75.50 euros from 73.40 euros
* EuroNext ENX.PA : ING starts with buy; price target 23 euros
* Evonik EVKn.DE : JP Morgan cuts price target to 27 euros from 31 euros; rating neutral
* EVS EVSB.BR : Berenberg cuts price target to 40 euros from 48.80 euros; rating buy
* FBD FBD.I : Davy cuts to neutral from outperform
* Fielmann FIEG.DE : DZ Bank raises target price to 53.00 euros from 51.50 euros; buy
* Gemalto NV GTO.AS : ING cuts price target to 95 euros from 97.50 euros; rating buy
* Havas EURC.PA : SocGen raises target price to 6.3 euros from 6.1 euros; rating hold
* Havas EURC.PA : Barclays raises to overweight from equal weight
* Havas EURC.PA : Barclays raises price target to 7 euros from 6.50 euros
* Havas EURC.PA : Natixis raises price target to 7.5 euros from 7.4 euros; rating buy
* Havas EURC.PA : ESN/CM-CIC Securities raises target to 7euros from 6.50 euros; accumulate
* Holcim HOLN.VX : Exane BNP Paribas cuts to neutral from outperform
* Iliad ILD.PA : ESN/CM-CIC Securities cuts target to 180 euros from 220 euros; rating
* International Ferro Metals IFL.L : Numis reinstates with buy rating
* Intesa Sanpaolo ISP.MI : Credit Suisse cuts target price to 2.80 euros; rating outperform
* Ipsen SA IPN.PA : Bryan Garnier raises fair value to 41 euros from 36 euros; rating buy
* Ipsen SA IPN.PA : Natixis raises price target to 40 euros from 36 euros; rating buy
* ISS ISS.CO : UBS cuts price target to Dkk 190 from Dkk 195; rating neutral
* Italcementi ITAI.MI : Exane BNP Paribas raises to outperform from neutral
* KABA KABN.S : UBS raises price target to Sfr 440 from Sfr 410; rating neutral
* Kemira KRA1V.HE : JP Morgan cuts target to 10.60 euros from 12.50 euros; rating neutral
* Kingspan KSP.I : Exane BNP Paribas cuts to underperform from neutral
* Lafarge SA LAFP.PA : Exane BNP Paribas cuts to neutral from outperform
* Lanxess LXSG.DE : JP Morgan raises target to 30.50 euros from 30 euros; underweight
* Linde LING.DE : JP Morgan cuts price target to 158 euros from 165 euros; rating neutral
* Luxempart LUXP.LU : ESN/Bank Degroof raises target to 34 euros from 33 euros; rating hold
* LVMH LVMH.PA : Barclays raises price target to 155 euros; rating overweight
* Monte Dei Paschi BMPS.MI : Credit Suisse resumes coverage with a neutral rating
* Mitie Group MTO.L : Canaccord Genuity starts with a buy; price target 350p
* Naturex SA NATU.PA : Natixis cuts price target to 55 euros from 62 euros; rating neutral
* Novartis AG NOVN.VX : Bryan Garnier raises fair value to Sfr 92 from Sfr 86; rating buy
* Novartis AG NOVN.VX : Natixis raises price target to Sfr 88 from Sfr 80; rating neutral
* Ocado OCDO.L : Exane BNP Paribas cuts to underperform from neutral; target to 265p
* Petrofac Ltd PFC.L : Deutsche Bank cuts price target to 1300p from 1400p
* PGNiG PGN.WA : ING raises to hold from sell; price target to Pln 5.30 from Pln 4
* Roxi Petroleum RXP.L : WH Ireland raises target price to 28p from 23p; rating buy
* Rubis RUBF.PA : Natixis cuts price target to 51 euros from 55 euros; rating buy
* Saipem SPMI.MI : Deutsche Bank cuts to sell from hold; target to 16 euros from 18 euros
* Sanofi SASY.PA : Natixis raises price target to 96 euros from 90 euros; rating buy
* Sanofi SASY.PA : SocGen raises target price to 94 euros from 93 euros; rating buy
* Spirax-Sarco SPX.L : Numis cuts to hold from add
* Statoil ASA STL.OL : Danske Equity Research raises to buy from hold
* Subsea 7 SUBC.OL : Deutsche Bank cuts to sell from hold; price target to Nok 92 from 120
* Swatch Group UHR.VX : Renaissance Capital raises to buy from hold
* Swatch Group UHR.VX : Renaissance Capital raises price target to Sfr 585 from Sfr 580
* Technip TECF.PA : Deutsche Bank cuts to hold from buy; target to 76 euros from 90 euros
* Tesco Plc TSCO.L : Barclays cuts target price to 240p from 300p; rating equal weight
* Tesco Plc TSCO.L : Exane BNP Paribas cuts price target to 225p from 295p; rating neutral
* Thrombogenics THR.BR : KBC raises to hold
* TSB TSB.L : Investec starts with a hold rating and 290p target price
* UBI Banca UBI.MI : Credit Suisse cuts target price to 7.60 euros; rating outperform
* UCB SA UCB.BR : ESN/Bank Degroof raises target to 65 euros from 62 euros; rating reduce
* Umicore SA UMI.BR : JP Morgan cuts price target to 31 euros from 32 euros; rating neutral
* Wacker Chemie WCHG.DE : JP Morgan raises price target to 88 euros from 75 euros
* Wacker Chemie WCHG.DE : JP Morgan raises to neutral from underweight
* Wienerberger AG WBSV.VI : Exane BNP Paribas raises to outperform from neutral
(Compiled by Rachel Chitra in Reuters)
((rachel.chitra@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 67496149;
Reuters Messaging: rachel.chitra.reuters.com@reuters.net))
Keywords: RESEARCH EUROPE/