EUROPE RESEARCH ROUNDUP: Fiat, RBS, Air France
06/10/2014 16:32
Oct 6 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Fiat and SSP, on Monday.
HIGHLIGHTS
* Banks: Goldman raises Erste Bank ERST.VI to buy, MBank MBK.WA neutral ID:nWNAB04UNT
* Fiat FIA.MI : Exane BNP Paribas raises target by 42 pct to 6.4 euros; rating underperform
* Royal Bank of Scotland RBS.L : Jefferies, JP Morgan raise target price on stock
* Air France KLM AIRF.PA : Citigroup cuts to neutral from buy; target to 7.70 euros
* SSP SSPG.L : Numis starts with add; price target 300p
* Delhaize DELB.BR : Deutsche Bank cuts to hold from buy
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Allianz SE ALVG.DE : Canaccord Genuity cuts target to 135 euros from 140 euros;rating buy
* Alpha Bank ACBr.AT : Goldman Sachs raises target to 0.82 euros from 0.80 euros; buy
* Air France KLM AIRF.PA : Citigroup cuts to neutral from buy
* Air France KLM AIRF.PA : Citigroup cuts price target to 7.70 euros from 9.90 euros
* Aryzta AG ARYN.VX : Berenberg raises price target to Sfr 95; rating buy
* Asos Plc ASOS.L : UBS raises price target to 4050p from 4000p; rating buy
* BAE Systems Plc BAES.L : SocGen cuts to hold from buy
* Bank Alior S.A. ALRR.WA : Barclays cuts target to Pln 91.50 from Pln 92.30; equal weight
* Bank Of Ireland BKIR.I : JP Morgan starts with neutral; price target 0.30 euros
* Bank Handlowy BHW.WA : Goldman raises price target to Pln 120 from Pln 105; rating sell
* Bank Pekao PEO.WA : Goldman Sachs raises target to Pln 180 from Pln 175; rating sell
* Bank Pekao PEO.WA : Barclays raises target to Pln 194 from Pln 183.30; rating underweight
* Belgacom BCOM.BR : HSBC cuts to neutral from overweight rating
* Belgacom BCOM.BR : HSBC raises target price to 29 euros from 26 euros
* BZ WBK BZW.WA : Goldman Sachs cuts price target to Pln 360 from Pln 365; rating sell
* Cosmo Pharmaceuticals COPN.S : Jefferies raises target to Sfr 190 from Sfr 175; buy
* Cranswick Plc CWK.L : Numis cuts price target to 1296p from 1326p; rating hold
* Delhaize DELB.BR : Deutsche Bank cuts to hold from buy
* Deutsche Wohnen AG DWNG.DE :DZ Bank ups target to 18.00 euros from 17.50 euros;rating buy
* Domino Printing Sciences DOPR.L : Barclays cuts target to 730p from 88p;rating overweight
* Dunelm DNLM.L : Citigroup cuts to neutral from buy; cuts price target to 870p from 930p
* Easyjet Plc EZJ.L : Citigroup raises price target to 1670p from 1600p; rating buy
* Edenred SA EDEN.PA : Citigroup cuts target to 21.50 euros from 23 euros; rating neutral
* Electrolux AB ELUXb.ST : Kepler Cheuvreux raises to buy from hold
* Electrolux AB ELUXb.ST : Kepler Cheuvreux raises price target to Sek 235 from Sek 145
* Epigenomics AG ECX1n.DE : ESN/Equinet Bank resumes coverage with buy; target 6 euros
* Epigenomics ECX1n.DE : ESN/Equinet Bank resumes coverage with buy rating
* Erste Bank ERST.VI : Goldman Sachs raises to buy from neutral
* Erste Bank ERST.VI : Goldman Sachs cuts target to 23 euros from 24 euros; rating buy
* Europacorp SA ECP.PA : Natixis raises target to 6.80 euros from 5.50 euros; rating buy
* Fenner Plc FENR.L : Panmure cuts price target to 280p from 300p
* Fiat FIA.MI : Exane BNP Paribas raises target by 42 pct to 6.4 euros; rating underperform
* Groupe Fnac FNAC.PA : Natixis cuts target price to 47 euros from 50 euros; rating buy
* Halma Plc HLMA.L : Barclays raises price target to 600p from 595p; rating equal weight
* Heineken HEIN.AS : RBC raises target price to 65 euros from 62 euros; rating outperform
* Henderson Group Plc HGGH.L : Canaccord Genuity raises to buy
* IMI Plc IMI.L : Barclays cuts price target to 1340p from 1455p; rating equal weight
* Jeronimo Martins JMT.LS : Raymond James cuts target to 12.10 from 14.20 euros; outperform
* Jeronimo Martins JMT.LS : JP Morgan cuts target to 8.50 euros from 11 euros; neutral
* Just Retirement JRG.L : Deutsche Bank raises to buy from hold
* Kinnevik AB KINVb.ST : Kepler Cheuvreux cuts target to Sek 255 from Sek 320; rating buy
* Komercni Banka BKOM.PR : Goldman raises target to Czk 6100 from Czk 5800p; rating buy
* Laird Plc LRD.L : Barclays raises price target to 315p from 275p; rating equal weight
* Man Group EMG.L : Morgan Stanley raises target to 120p from 108p; rating equal weight
* Marks & Spencer MKS.L : Citigroup cuts price target to 400p from 440p; rating neutral
* Mbank MBK.WA : Goldman Sachs raises to neutral from sell
* Mbank MBK.WA : Goldman Sachs raises price target to Pln 515 from Pln 475; rating neutral
* Metso MEO1V.HE : Handelsbanken raises to buy from accumulate rating
* Metso MEO1V.HE : Handelsbanken raises target price to 36 euros from 34 euros
* Morgan Advanced Materials MGAMM.L : Barclays cuts target to 305p from 340p; equal weight
* NBG ETFAS.AT : Goldman Sachs raises target to 3.15 euros from 3.10 euros; rating buy
* Neste Oil NES1V.HE : UBS raises price target 17.5 euros from 16 euros; rating buy
* NRJ Group SONO.PA : ESN/CM - CIC Securities raises to Accumutale from hold rating
* NRJ Group SONO.PA : ESN/CM - CIC Securities cuts target price to 8 euros from 9 euros
* OTP Bank BOTP.PFT : Goldman Sachs cuts price target to 4800p from 4900p; rating buy
* Outokumpu OUT1V.HE : ESN/Pohjola raises to accumulate from hold rating
* Outokumpu OUT1V.HE : ESN/Pohjola cuts target price to 6.20 euros from 7.50 euros
* Outokumpu OUT1V.HE :Credit Suisse cuts price target to 7.09 euros from 7.56 euros
* Outokumpu OUT1V.HE :Credit Suisse raises to outperform from neutral
* OXFord Instruments OXIG.L : Barclays cuts target to 1140p from 1280p; rating equal weight
* Petroceltic International Plc PCI.I : Canaccord Genuity cuts to hold from buy
* Philips PHG.AS : Espirito Santo Investment Research ups fair value to 26 euros; neutral
* PKO Bank PKO.WA : Goldman Sachs raises price target to Pln 44 from Pln 41; rating neutral
* PKO BP PKO.WA : Barclays cuts target price to Pln 46.30 from Pln 47.30; rating overweight
* Proactis PHD.L : Finncap raises price target to 115p from 95p
* Qinetiq Group Plc QQ.L : Barclays raises target to 235p from 215p; rating equal weight
* Raiffeisen Bank RBIV.VI : Goldman Sachs cuts target to 20 from 24 euros; rating neutral
* Renishaw Plc RSW.L : Barclays cuts price target to 2050p from 2100p; rating overweight
* Royal Bank of Scotland RBS.L : Jefferies raises target to 500p from 460p; rating buy
* Royal Bank Of Scotland RBS.L : JP Morgan raises target to 370p from 360p; rating neutral
* Ryanair RYA.I : Panmure raises price target to 8.6 euros; rating buy
* Saint Gobain SGOB.PA : Citigroup cuts price target to 39 euros from 45 euros; rating buy
* SAP SAPG.DE : Bryan Garnier raises fair value to 73 euros from 70 euros; rating buy
* Spectris Plc SXS.L : Barclays cuts price target to 2280p from 2520p; rating overweight
* Sports Direct SPD.L : Citigroup cuts price target to 800p from 1000p; rating buy
* SSAB AB SSABa.ST : Jefferies cuts price target to Sek 65 from Sek 70; rating hold
* SSP SSPG.L : Numis starts with add; price target 300p
* Standard Chartered STAN.L : Barclays cuts target to 1200p from 1300p; rating equal weight
* Subsea 7 SA SUBC.OL : Exane BNP Paribas cuts price target by 31 pct to Nok 90
* Subsea 7 SA SUBC.OL : Exane BNP Paribas cuts to neutral from outperform
* Swedbank AB SWEDa.ST : Deutsche Bank raises target to Sek 185 from Sek 180; rating buy
* Syngenta AG SYNN.VX : Goldman Sachs cuts target to Sfr 365 from Sfr 380; rating neutral
* Technip TECF.PA : Exane BNP Paribas cuts target by 10 pct to 78 euros; rating outperform
* Telenet TNET.BR : HSBC raises to overweight from neutral rating
* Telenet TNET.BR : HSBC raises target price to 54 euros from 45.10 euros
* Tesco Plc TSCO.L : JP Morgan cuts price target to 165p from 185p; rating underweight
* Titan Cement TTNr.AT : ESN/Investment Bank of Greece cuts target to 21 euros; rating hold
* Trading Emissions TREM.L : Liberum cuts to hold from buy rating
* UBM UBM.L : Nomura cuts price target to 620p from 670p; rating neutral
* UBM UBM.L : Barclays cuts price target to 635p from 685p; rating overweight
* UBM UBM.L : kepler cheuvreux cuts price target to 685p from 800p; rating buy
* Ultra Electronics Holdings ULE.L : Barclays cuts target to 1850p from 1860p; equal weight
* Vilmorin VILM.PA : ESN/CM - CIC Securities cuts to accumulate from buy rating
* Vilmorin VILM.PA : ESN/CM - CIC Securities cuts target price to 96 euros from 110 euros
* Walker Greenbank Plc WGB.L : N+1 Singer cuts to hold from buy
* Xaar Plc XAR.L : UBS cuts price target to 225p from 420p; rating neutral
(Compiled by Rachel Chitra and Jai Ganesh in Bangalore)
((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/