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ETLN - Etalon News Story

$1.62 0.0  0.6%

Last Trade - 4:35pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £370.6m
Enterprise Value £610.5m
Revenue £864.6m
Position in Universe 593rd / 1809

EUROPE RESEARCH ROUNDUP-Volvo, BHP Billiton, Reckitt Benckiser, Heineken

Wed 16th April, 2014 4:30pm
April 16 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Enel, Suez Environnement and SKF, on Wednesday.  
         
    HIGHLIGHTS 
    * Volvo AB  VOLVb.ST : Deutsche Bank raises to hold from sell; target to Sek 90 from Sek 70  
    * Enel  ENEI.MI : SocGen cuts to hold from buy  
    * DNB  DNB.OL : Exane BNP Paribas raises to neutral from underperform rating  
    * ProSiebenSat 1 Media  PSMGn.DE : Citigroup raises to neutral from sell 
    * Suez Environnement  SEVI.PA : Exane BNP Paribas raises to outperform from neutral  
    * SKF  SKFb.ST : SocGen, JP Morgan, Deutsche Bank cut price target  
         
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.  
         
    * Alrosa  ALRS.MM : UBS raises target price to roubles 42.20 from roubles 41.20; rating buy  
    * Banca Popolare Di Milano  PMII.MI : Citigroup cuts to sell from neutral  
    * BIC  BICP.PA : UBS raises target price to 98 euros from 95 euros; rating neutral  
    * Bizim Toptan  BIZIM.IS : Renaissance Capital cuts to hold from buy  
    * Capita Plc  CPI.L : JP Morgan raises price target to 1279p from 1261p; rating overweight  
    * Casino Guichard  CASP.PA : Nomura raises target to 76.10 euros from 70.40 euros; reduce  
    * Catlin  CGL.L : Credit Suisse raises to neutral rating  
    * Credit Agricole SA  CAGR.PA : ESN/CM - CIC Securities raises to buy from accumulate  
    * Debenhams  DEB.L : N+1 Singer raises target price to 85p from 78p; rating hold  
    * Debenhams  DEB.L : Deutsche Bank cuts price target by 5 pct to 76p; rating hold  
    * Dialight  DIAL.L : Investec cuts to hold from buy; raises price target to 910p from 885p  
    * DNB  DNB.OL : Exane BNP Paribas raises to neutral from underperform rating  
    * Edenred  EDEN.PA : Nomura cuts price target to 18.90 euros from 19.80 euros; rating reduce 
    * Elisa  ELI1V.HE : ESN/Pohjola raises to hold from reduce  
    * Endesa SA  ELE.MC : Morgan Stanley ups target to 24.60 euros from 23.40 euros; equalweight 
    * Enel  ENEI.MI : SocGen cuts to hold from buy rating  
    * Enel  ENEI.MI : JP Morgan raises target to 4.45 euros from 4.30 euros; rating overweight 
    * ENEL  ENEI.MI : Morgan Stanley raises target to 4.20 euros from 3.85 euros; overweight  
    * Enteq Upstream Plc  NTQ.L : Investec cuts price target to 67p from 88p; rating buy  
    * Ericsson  ERICb.ST : Credit Suisse raises target price to Sek 100 from Sek 94; outperform  
    * Essilor  ESSI.PA : UBS cuts target price to 89 euros from 90 euros; raing buy  
    * Etalon  ETLNGq.L : Credit Suisse cuts target price to $6 from $7.40; rating outperform  
    * Eurazeo  EURA.PA : UBS raises target price to 74 euros from 69 euros; rating buy  
    * Eutelsat  ETL.PA : UBS raises target price to 27.5 euros from 26.4 euros; rating buy  
    * FFP  FFPP.PA : UBS raises target price to 46.5 euros from 45 euros; rating neutral  
    * FIAT  FIA.MI : Deutsche Bank raises price target to 7 euros from 3 euros; rating sell  
    * GBL  GBLB.BR : UBS raises target price to 83 euros from 78 euros; rating buy  
    * GEA Group  G1AG.DE : ESN/Equinet Bank cuts to hold from accumulate rating  
    * Gemfields Plc  GEM.L : Finncap raises price target to 46p from 44p; rating buy  
    * Genmab  GEN.CO : Goldman Sachs raises to neutral rating  
    * Genmab  GEN.CO : Goldman Sachs removes from pan-Europe sell list  
    * Huegli  HUE.S : Vontobel raises price target to Sfr 660 from Sfr 550; rating hold  
    * Iliad  ILD.PA : Barclays cuts target price to 220 euros from 224 euros; rating overweight 
    * Imerys  IMTP.PA : UBS raises target price to 71 euros from 70 euros; rating buy  
    * Imperial Tobacco  IMT.L : Panmure raises target price to 2500p from 2300p; rating hold  
    * Ipsos  ISOS.PA : UBS cuts target price to 33.6 euros from 34.5 euros; rating buy  
    * Jungheinrich AG  JUNG_p.DE : Commerzbank raises target to 62 euros from 60 euros; buy  
    * KCell  KCELq.L : Barclays cuts target price to $13 from $16; rating equalweight 
    * Lamprell Plc  LAM.L : JP Morgan cuts price target to 165p from 175p; rating overweight  
    * Lanxess AG  LXSG.DE : DZ Bank raises fair value to 55 euros from 50 euros; rating hold  
    * Maurel ET Prom SA  MAUP.PA : Natixis raises target to 17.2 euros from 16.8 euros; buy  
    * MegaFon  MFONq.L : Barclays cuts target price to $32 from $33.50; rating equalweight 
    * Mercialys  MERY.PA : Natixis raises price target to 19.5 euros from 19 euros; rating buy  
    * Michael Page International PLC  MPI.L : JP Morgan cuts target to 473p from 475p; neutral  
    * Millicom  MICsdb.ST : Barclays raises target to Sek 630 from Sek 620; rating equalweight 
    * Morphosys AG  MORG.DE : Deutsche Bank raises price target to 81 euros from 64 euros; buy  
    * Mostotrest  MSTT.MM : JP Morgan cuts target to 125 rand from 215 rand; rating overweight  
    * Pargesa  PARG.S : UBS raises target price to Sfr 90 from Sfr 84; rating buy  
    * Pennon Group Plc  PNN.L : Deutsche Bank cuts target price to 830p from 880p; rating buy  
    * ProSiebenSat 1 Media  PSMGn.DE : Citigroup raises to neutral from sell  
    * Remy Cointreau  RCOP.PA : SocGen cuts to sell from hold rating 
    * Rio Tinto  RIO.L : Citigroup cuts target price to 3850p from 3950p; rating buy  
    * Roche  ROG.VX : Barclays cuts target price to Sfr 303 from Sfr 305; rating overweight 
    * Roche  ROG.VX : Natixis raises price target to Sfr 270 from Sfr 255; rating neutral  
    * Royal Mail  RMG.L : Credit Suisse cuts target price to 460p from 530p; rating underperform 
    * SABMiller  SAB.L : Barclays cuts target price to 3250p from 3300p; rating equal weight 
    * Sberbank Preference  SBER_p.MM : UBS cuts target to roubles 91 from roubles 119; buy  
    * SEB SA  SEBF.PA : UBS raises target price to 63 euros from 61 euros; rating neutral  
    * SHB  SHBa.ST : Citigroup raises target to Sek 320 from Sek 280; rating neutral   
    * Sika  SIK.VX : Vontobel raises price target to Sfr 3700 from Sfr 3300; rating hold  
    * Sinclair IS Pharma  SPH.L : Investec cuts to hold from buy rating  
    * SKF  SKFb.ST : SocGen cuts price target to Sek 200 from Sek 220; rating buy  
    * SKF  SKFb.ST : JP Morgan cuts price target to Sek 162 from Sek 176; rating neutral  
    * SKF  SKFb.ST : Deutsche Bank cuts price target to Sek 195 from Sek 205; rating buy  
    * SKF  SKFb.ST : Credit Suisse cuts target price to Sek 145 from Sek 155; underperform  
    * Solvay  SOLB.BR : SocGen starts with buy rating; target price 130 euros  
    * Snam  SRG.MI : Morgan Stanley raises target to 4.05 euros from 3.87 euros; equalweight  
    * Suez Environnement  SEVI.PA : Exane BNP Paribas raises to outperform from neutral  
    * Swisscom  SCMN.VX : Barclays raises target to Sfr 560 from Sfr 520; rating overweight 
    * Symrise AG  SY1G.DE : Nomura raises price target to 38 euros from 36 euros; rating neutral 
    * Turk Telekom  TTKOM.IS : Barclays raises target to Tl 7.40 from Tl 7.20; rating overweight 
    * Telecom Italia  TLIT.MI : Barclays ups target to 0.90 euro from 0.87 euro; equalweight 
    * Telecom Italia-Rsp  TLITn.MI : Barclays ups target to 0.72 euro from 0.69 euro 
    * Tertiary Minerals  TYM.L : Cantor raises target price to 18p from 16p; rating buy  
    * Turk Telekom  TTKOM.IS : Credit Suisse cuts target price to Tl 6.92 from Tl 8.06; neutral  
    * United Utilities Group Plc  UU.L : Deutsche Bank cuts target price to 900p from 1000p; buy 
    * Veolia Environnement  VIE.PA : Exane BNP Paribas ups to neutral from underperform rating  
    * Victrex  VCTX.L : UBS raises target price to 1850p from 1650p; raing neutral  
    * Vinci SA  SGEF.PA : Natixis raises price target to 58 euros from 56 euros; rating buy  
    * Volvo AB  VOLVb.ST : Deutsche Bank raises to hold from sell; target to Sek 90 from Sek 70  
    * Wereldhave  WEHA.AS : Natixis cuts to neutral from buy 
    * Wereldhave  WEHA.AS : Natixis raises price target to 65 euros from 64 euros  
    * XAAR  XAR.L : Numis raises to buy from add rating  
    * XAAR  XAR.L : Investec raises to buy from add  
    
 
 (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/
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