Europe Research Roundup: Lundin Petroleum, Barclays, Provident Financial

Folli Follie SA

23/06/2014 19:48

June 23 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Barclays, Provident Financial and Mobistar, on Monday.  
     
    HIGHLIGHTS 
    * Barclays  BARC.L : Canaccord Genuity raises to buy from hold rating 
    * Lundin Petroleum  LUPE.ST : Credit Suisse cuts to underperform from neutral rating  
    * Mobistar  MSTAR.BR : Nomura raises to neutral from reduce 
    * Provident Financial  PFG.L : HSBC, RBC downgrade the stock 
    * X5 Retail Group  PJPq.L : JP Morgan raises to overweight from neutral 
          
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.   
     
    * Accumuli PLC  ACM.L : Finncap raises target price to 33p from 27p  
    * African Minerals  AMIq.L : Credit Suisse cuts target price to 120p from 200p  
    * African Minerals  AMIq.L : Investec cuts target price to 129p from 189p; rating buy  
    * Alstom SA  ALSO.PA : UBS raises target to 29.50 euros from 28.50 euros; rating neutral 
    * Alstom SA  ALSO.PA : Deutsche Bank raises target to 32 euros from 29.50 euros; rating hold 
    * Applus Services  APPS.MC : Berenberg starts with buy; price target 18.60 euros 
    * Applus Services  APPS.MC : UBS starts with buy; price target 19 euros 
    * Applus Services  APPS.MC : JP Morgan starts with overweight; target of 19.22 euros  
    * Applus Services  APPS.MC : Morgan Stanley starts with overweight; target of 19.40 euros  
    * ASOS  ASOS.L : Cantor cuts target price to 2500p from 3500p; rating hold 
    * Barclays  BARC.L : Canaccord Genuity raises to buy from hold rating  
    * BG Group PLC  BG.L : Deutsche Bank raises target price to 1400p from 1250p; rating buy  
    * BG Group PLC  BG.L : Raymond James raises target to 1410p from 1400p; rating outperform 
    * BPER  EMII.MI : ESN/Banca Akros raises to hold from reduce  
    * CAT Oil AG  O2C.DE : UBS starts with neutral; target price 20.5 euros  
    * CEZ AS  CEZP.PR : Deutsche Bank raises to buy from hold rating  
    * CRH PLC  CRH.I : Citigroup cuts target price to 20 euros from 21 euros; rating neutral  
    * Daily Mail and General Trust  DMGOa.L : JP Morgan raises to overweight; target to 995p   
    * Danone SA  DANO.PA : UBS raises target price to 52 euros from 49 euros; rating neutral 
    * DCC  DCC.L : Panmure raises target price to 4200p from 3500p; rating buy 
    * Det Norske  DETNOR.OL : Credit Suisse raises to outperform; target to 82 Nok from 71 Nok  
    * Devro PLC  DVO.L : N+1 Singer cuts target price to 211p from 246p; rating sell 
    * DIA  DIDA.MC : Raymond James raises to strong buy from outperform rating  
    * DIA  DIDA.MC : Raymond James raises target price to 8 euros from 7.50 euros 
    * DIA  DIDA.MC : JP Morgan raises target to 6.55 euros from 6.25 euros; rating underweight  
    * Dixy Group  DIXY.MM : JP Morgan ups target to 450 roubles from 350 roubles; rating neutral 
    * eDreams Odigeo  EDRE.MC : SocGen cuts target price to 11 euros from 13 euros; rating buy 
    * eDreams Odigeo  EDRE.MC : JP Morgan cuts target to 10 euros from 11.30 euros; neutral  
    * Electricite DE France SA  EDF.PA : Citigroup cuts target to 23.50 euros;  neutral  
    * Electricite DE France SA  EDF.PA : JP Morgan cuts target  to 24 euros; rating neutral  
    * Eni  ENI.MI : Raymond James raises target to 22 euros from 21 euros; rating outperform 
    * Euronext NV  ENX.PA : UBS starts with sell rating and target price of 17 euros 
    * Euronext NV  ENX.PA : UBS adds to least preferred list 
    * Eutelsat  ETL.PA : Goldman Sachs reinstates with neutral; price target 31.50 euros   
    * Ferrexpo  FXPO.L : Credit suisse cuts target price to 160p from 175p  
    * Filtronic PLC  FTC.L : Panmure cuts target price to 28p from 54p; rating hold  
    * Folli Follie  HDFr.AT : ESN/Investment Bank Of Greece cuts to hold from accumulate  
    * Fonciere DES Regions SA  FDR.PA : Natixis cuts to neutral from buy rating 
    * Fonciere DES Regions SA  FDR.PA : Natixis raises target price to 79.50 euros from 77 euros 
    * Foxtons Group  FOXT.L : Goldman Sachs starts with neutral rating; price target 370p   
    * Go-Ahead Group PLC  GOG.L : JP Morgan raises target to 2600p from 2470p; rating overweight 
    * Greene King PLC  GNK.L : Deutsche Bank cuts target price to 1005p from 1045p; rating buy  
    * Henkel  HNKG_p.DE : Raymond James raises target to 93 euros from 91 euros; outperform 
    * Howden  HWDN.L : Goldman Sachs starts with a buy rating; price target 425p  
    * Ibersol  IBS.LS : ESN/Caixa-Banco DE Investimento cuts to reduce from hold 
    * IG Group Holdings PLC  IGG.L : UBS adds to most preferred list; rating buy 
    * Kentz Corp  KENZ.L : Canaccord Genuity cuts to hold from buy; ups target to 935p from 850p 
    * Lenta  LNTAq.L : JP Morgan raises target price to $15 from $13.50; rating overweight 
    * Lundin Petroleum  LUPE.ST : Credit Suisse cuts to underperform from neutral rating  
    * Man Group PLC  EMG.L : Numis raises target price to 74p from 66p; rating sell  
    * Marks and Spencer Group PLC  MKS.L : Investec cuts target to 510p from 550p; rating buy  
    * Mediaset  MS.MI : ESN/Banca Akros cuts to reduce from hold  
    * Mobistar  MSTAR.BR : Nomura raises to neutral from reduce 
    * Mobistar  MSTAR.BR : Nomura raises target to 15 euros from 11 euros 
    * Nokia  NOK1V.HE : Credit Suisse raises target to 7 euros from 6.69 euros; outperform  
    * Nostrum Oil & Gas LP  NOGN.L : FirstEnergy Capital cuts to market perform from outperform  
    * O'Key Group  OKEYq.L : JP Morgan raises target price to $10.50 from $10; rating neutral  
    * OC Oerlikon  OERL.S : Berenberg cuts price target to Sfr 16 From Sfr 16.80; rating buy 
    * Outokumpu  OUT1V.HE : JP Morgan adjusts target to 4.89 euros from 0.20 euros  
    * Pearson  PSON.L : Morgan Stanley raises to equal weight; price target to 1100p from 990p  
    * Polar Capital Technology Trust PLC  PCT.L : Numis raises target to 495p from 475p; hold  
    * Porvair PLC  PORV.L : Peel Hunt raises target price to 360p from 342p; rating buy  
    * Provident Financial  PFG.L : HSBC cuts to underweight; raises target to 1815p from 1800p  
    * Provident Financial  PFG.L : RBC cuts to underperform from sector perform rating  
    * Provident Financial  PFG.L : RBC raises target price to 2125p from 1875p  
    * RIO Tinto  RIO.L : Credit Suisse cuts target price to 4000p from 4200p; rating outperform  
    * Roche Holding AG  ROG.VX : S&P Capital IQ cuts to hold from buy 
    * Safilo  SFLG.MI : Berenberg raises target to 19.50 euros from 18.50 euros; rating buy  
    * Salini Impregilo  SALI.MI : ESN/Banca Akros raises to buy from hold  
    * SFS Group AG  SFSN.S : UBS starts with buy rating; target price Sfr 74 
    * SFS Group AG  SFSN.S : Credit Suisse starts with outperform; target price of Sfr 83 
    * SFS Group AG  SFSN.S : Vontobel starts with buy rating; target price Sfr 78  
    * SFS Group AG  SFSN.S : Morgan Stanley starts with equal-weight; target price of Sfr 71 
    * SGS  SGSN.VX : UBS raises target price to Sfr 2400 from Sfr 2300; rating buy  
    * Shire  SHP.L : Credit Suisse raises target price to 4200p from 3400p; rating neutral  
    * Shire  SHP.L : S&P Capital IQ raises target price to 5000p from 4700p; rating strong buy 
    * SHW  SW1.DE : Deutsche Bank cuts target price to 52 euros from 58 euros; rating buy  
    * SLM Solutions  AM3D.DE : Credit Suisse starts with an outperform rating; target 23 euros  
    * SLM Solutions  AM3D.DE : Deutsche Bank starts with buy; target 25 euros 
    * Solocal Group  LOCAL.PA : SocGen cuts target to 1.05 euros from 1.90 euros; rating buy  
    * Sulzer AG  SUN.S : Vontobel cuts target price to Sfr 135 from Sfr 140; rating hold 
    * Telenet  TNET.BR : Nomura raises price target to 50 euros from 48 euros; rating buy 
    * TI Media  TCM.MI : ESN/Banca Akros raises to accumulate from reduce  
    * Total  TOTF.PA : Raymond James raises target to 61 euros from 59 euros; rating outperform 
    * Tracsis  TRCS.L : WH Ireland raises target price to 400p from 314p; rating buy  
    * Tullow Oil  TLW.L : JP Morgan cuts target price to 1050p from 1120p; rating overweight  
    * Unilever NV  UNc.AS : UBS raises target to 31 euros from 27 euros; rating neutral  
    * Unilever PLC  ULVR.L : UBS raises target price to 2590p from 2300p; rating neutral  
    * Uralkali  URKAq.L : Barclays cuts target price to $20 from $22.70; rating underweight  
    * X5 Retail Group  PJPq.L : JP Morgan raises to overweight from neutral 
    * X5 Retail Group  PJPq.L : JP Morgan raises target price to $26 from $20 
 
 (Compiled by Saqib Iqbal Ahmed, Jai Ganesh and Geetha Panchaksharam in Bangalore) 
 ((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
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Keywords: RESEARCH EUROPE/