Europe Research Roundup: Porsche, Schroders, Fresenius SE

Eurocommercial Properties NV

11/04/2016 09:27

April 11 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Yara International and Megafon, on Monday.  
     
    HIGHLIGHTS 
     * Porsche  PSHG_p.DE : Barclays cuts to equal weight from overweight 
     * Schroders  SDR.L : Jefferies raises to buy 
     * Yara International  YAR.OL : HSBC cuts to reduce from hold 
     * Megafon  MFONq.L : Citigroup raises to buy from neutral 
     * Fresenius SE  FREG.DE : Bernstein starts with outperform; target price 73.50 euros   
     
               
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order. 
 
     * Aberdeen Asset Management Plc  ADN.L : UBS raises target price to 225p from 210p   
     * Acacia Mining  ACAA.L : RBC revises target price to 345p from 285p   
     * Admiral Group Plc  ADML.L : Barclays raises target price to 1755p from 1608p   
     * Aggreko Plc  AGGK.L : UBS cuts to sell from neutral; cuts target price to 800p   
     * Alstria Office  AOXG.DE : UBS raises target price to 13.5 euros from 13.2 euros   
     * Amec Foster Wheeler Plc  AMFW.L : Citigroup raises target price to 520p from 500p; buy   
     * Ashmore  ASHM.L : UBS raises target price to 275p from 225p   
     * Ashmore Group Plc  ASHM.L : Jefferies cuts to hold   
     * AXA  AXAF.PA : HSBC cuts target price to 28.5 euros from 29.8 euros   
     * BMW  BMWG.F : UBS cuts target price to 79 euros from 100 euros 
     * Bonmarche  BONB.L : Canaccord Genuity cuts price target to 210p from 250p   
     * Bouygues SA  BOUY.PA : Citigroup cuts target price to 29.6 euros; rating neutral   
     * Burberry  BRBY.L : Bernstein cuts target price to 1400p from 1450p   
     * Carr's Group Plc  CARRC.L : Investec cuts target price to 194p from 200p; rating buy   
     * Centamin  CEY.L : RBC revises target price to 80p from 60p   
     * Cranswick Plc  CWK.L : Investec raises target price to 2500p from 2350p; rating buy   
     * Daimler  DAIGn.DE : JP Morgan cuts price target to 96 euros from 112 euros   
     * Direct Line Insurance  DLGD.L : Barclays cuts to equalweight from overweight 
     * Direct Line Insurance  DLGD.L : Barclays cuts target price to 369p   
     * Dunelm  DNLM.L : Canaccord Genuity raises price target to 950p from 910p   
     * Electrolux AB  ELUXb.ST : JP Morgan raises price target to Sek 225 from Sek 215   
     * ElringKlinger  ZILGn.DE : Credit Suisse cuts target to 19.30 euros from 21.30 euros   
     * Esure Group Plc  ESUR.L : Barclays raises target price to 315p from 296p   
     * Eurocommercial Properties  SIPFc.AS : ING raises target price to 48 euros from 45 euros   
     * Fiat Chrysler  FCHA.MI : UBS cuts target price to 7 euros from 9 euros; rating neutral  
     * Fresenius SE  FREG.DE : Bernstein starts with outperform; target price 73.50 euros   
     * Fresnillo Plc  FRES.L : RBC cuts to underperform from sector perform   
     * Fresnillo Plc  FRES.L : RBC raises target price to 750p from 610p   
     * Gategroup  GATE.S : Vontobel raises target price to Sfr 53; rating hold   
     * Hastings Group  HSTG.L : Barclays raises target price to 221p from 203p   
     * Hella  HLE.DE : Credit Suisse cuts to neutral from outperform; target price to 37 euros   
     * Hikma Pharmaceuticals Plc  HIK.L : Citigroup raises target price to 2600p; rating buy   
     * Hochschild Mining Plc  HOCM.L : RBC raises target price to 130p from 55p; outperform   
     * Jupiter Fund Management  JUP.L : UBS raises target price to 410p from 385p; neutral   
     * KBC Groep NV  KBC.BR : UBS cuts target price to 47 euros from 59 euros; rating neutral   
     * Man Group Plc  EMG.L : RBC cuts target price to 165p from 170p; rating sector perform   
     * Mediaset SpA  MS.MI : HSBC raises to buy from hold; target to 4.2 euros from 3.9 euros   
     * Medicalgorithmics  MDG.WA : ING raises target price to Pln 375.0 from Pln 256.0   
     * Megafon  MFONq.L : Citigroup raises to buy from neutral 
     * Phoenix Group Holdings  PHNX.L : JP Morgan cuts to neutral from overweight   
     * Polymetal  POLYP.L : RBC revises target price to 750p from 560p   
     * Porsche Automobil Holding  PSHG_p.DE : Barclays cuts to equal weight from overweight 
     * Porsche Automobil Holding  PSHG_p.DE : Barclays cuts target price to 52 euros   
     * Restaurant Group Plc  RTN.L : N+1 Singer cuts target price to 335p from 450p   
     * Royal Bank of Scotland  RBS.L : Jefferies cuts target price to 370p from 482p; buy   
     * Schaeffler  SHA_p.DE : Credit Suisse starts with outperform; target price 15.30 euros   
     * Schroders  SDR.L : RBC cuts target price to 3000p from 3100p; rating outperform   
     * Schroders  SDR.L : Jefferies raises to buy; cuts target price to 3, 103p   
     * Sunrise Communications Group  SRCG.S : Citigroup cuts to neutral from buy   
     * Sunrise Communications Group  SRCG.S : Citigroup raises target to Sfr 67 from Sfr 65   
     * Synthomer  SYNTS.L : Jefferies cuts to hold from buy; cuts target price to 367p   
     * Teliasonera AB  TLSN.ST : UBS cuts target price to Sek 40 from Sek 41; rating neutral   
     * Vivendi SA  VIV.PA : SocGen revises target price to 20.6 euros from 20.9 euros   
     * Yara International  YAR.OL : HSBC cuts to reduce from hold 
     * Yara International  YAR.OL : HSBC cuts target price to Nok 285 from Nok 375   
     
 
 (Compiled by Geetha Panchaksharam in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/