Europe Research Roundup: National Grid, Piaggio, Adidas

Folli Follie SA

06/11/2015 10:02

Nov 6 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Adidas, Aroundtown Property and Betfair Group, on Friday.  
     
    HIGHLIGHTS 
    * National Grid Plc  NG.L : Jefferies cuts to hold from buy 
    * Piaggio  PIA.MI : Citigroup raises to buy from neutral 
    * Betfair Group Plc  BETF.L : Numis raises to buy from reduce 
    * Adidas  ADSGn.DE : Barclays, UBS raise target price on the stock 
    * Aroundtown Property  ALATP.PA : Berenberg starts with buy; 4.85 euros price target 
       
Following is a summary of research actions on European companies reported by Reuters on Friday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.   
     
    * Adecco SA  ADEN.VX : RBC cuts price target to Sfr 63 from Sfr 71; rating underperform 
    * Adidas  ADSGn.DE : Barclays raises target to 88 euros from 73 euros; rating equal weight 
    * Adidas  ADSGn.DE : UBS raises target price to 98 euros from 82 euros; rating buy 
    * Aroundtown Property  ALATP.PA : Berenberg starts with 4.85 euros price target 
    * Aroundtown Property  ALATP.PA : Berenberg starts with buy rating 
    * Betfair Group Plc  BETF.L : Numis raises price target to 4,000p 
    * Betfair Group Plc  BETF.L : Numis raises to buy from reduce 
    * Boohoo.Com Plc  BOOH.L : Jefferies raises price target to 47p from 38p; rating buy 
    * CGG Veritas  GEPH.PA : HSBC cuts target price to 3.2 euros from 4 euros; rating hold 
    * Coca-Cola Hellenic CCH.L>: Nomura raises target price to 1300p from 1250p; rating reduce 
    * Coloplast  COLOb.CO : Berenberg raises price target to Dkk 440 from Dkk 400; rating sell 
    * Credit Agricole  CAGR.PA : Nomura cuts target to 12.50 euros from 14 euros; rating neutral 
    * CTT  CTT.LS : Barclays cuts target to 9.40 euros from 9.70 euros; rating equal weight 
    * Danone  DANO.PA : Barclays raises target to 66 euros from 63 euros; rating overweight 
    * Draegerwerk  DRWG_p.F : HSBC cuts target price to 82 euros from 114 euros; rating buy 
    * Folli Follie  HDFr.AT : HSBC cuts target price to 32 euros; rating buy  
    * Fraport  FRAG.DE : Barclays cuts target to 53 euros from 54 euros; rating underweight 
    * Indivior Plc  INDV.L : Jefferies cuts target price to 280p from 300p; rating buy 
    * Kerry  KYGa.I : Berenberg raises price target to 80 euros from 79 euros; rating buy 
    * Komercni  BKOM.PR : HSBC raises target price to Czk 5500 from Czk 5450; rating hold 
    * Modern Times Group  MTGb.ST : Nomura cuts price target to Sek 276 from Sek 290; rating buy 
    * Morgan Advanced Materials  MGAMM.L : Jefferies cuts target to 267p from 330p; rating hold 
    * National Grid Plc  NG.L : Jefferies cuts to hold from buy 
    * National Grid Plc  NG.L : Jefferies raises price target to 950p from 900p 
    * Piaggio  PIA.MI : Citigroup cuts price target to 2.65 euros from 3 euros 
    * Piaggio  PIA.MI : Citigroup raises to buy from neutral 
    * PostNL NV  PTNL.AS : ING raises price target to 5.30 euros from 5 euros; rating buy 
    * Raiffeisen Bank  RBIV.VI : ING cuts price target to 18.24 euros from 18.71 euros; buy  
    * Richter  GDRB.BU : Jefferies raises price target to Huf 5,790 from Huf 3,900 
    * Richter  GDRB.BU : Jefferies raises to buy from underperform 
    * Sandvik AB  SAND.ST : Nomura cuts price target to Sek 86 from Sek 90; rating buy 
    * Suess Microtec  SMHNn.DE : Berenberg raises target to 9 euros from 7 euros; rating buy 
    * SuperGroup Plc  SGP.L : Liberum raises price target to 1760p from 1280p; rating buy 
    * Swedish Match  SWMA.ST : Nomura raises target to Sek 283 from Sek 253; rating neutral 
    * USG People NV  USGP.AS : ING raises price target to 16.75 euros from 16 euros; rating buy 
 
 
 (Compiled by Eileen Soreng in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/