EUROPE RESEARCH ROUNDUP: Allianz, Merck, HSBC, Ericsson
16/05/2013 18:36
May 16 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Eurasia Drilling, Merck, HSBC and Salzgitter, on Thursday.
HIGHLIGHTS
* Allianz ALVG.DE : S&P Capital IQ cuts to hold from buy
* Merck KGaA MRCG.DE : S&P Capital IQ raises price target to 106 euros
* HSBC HSBA.L : Berenberg, SocGen raise target price on stock
* EDF EDF.PA : BofA Merrill cuts to underperform from neutral
* Ericsson ERICb.ST : Danske Bank cuts to sell from hold ID:nWNBB020QJ
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* ABB Ltd ABBN.VX : Citigroup cuts to neutral from buy; target to Sfr 23 from Sfr 24.50
* Abertis ABE.MC : Morgan Stanley cuts to equal weight from overweight
* Abertis ABE.MC : Morgan Stanley raises price target to14.20 euros from 14 euros
* Akbank AKBNK.IS : UBS raises target price to Tl 11.15 from Tl 9.80; rating neutral
* Allianz ALVG.DE : Canaccord Genuity raises target to 135 euros from 100 euros; rating buy
* Allianz ALVG.DE : Helvea raises target to 122 euros from 114 euros; rating accumulate
* Allianz ALVG.DE : S&P Capital IQ cuts to hold from buy
* Allianz ALVG.DE : Natixis raises price target to 130 euros from 120 euros; rating buy
* Allianz ALVG.DE : DZ Bank raises target price to 134 euros from 120 euros; rating buy
* Alstom SA ALSO.PA : Citigroup cuts target price to 34 euros from 38 euros; rating buy
* Alstom ALSO.PA : Morgan Stanley cuts to equal weight from overweight
* Alstom ALSO.PA : Morgan Stanley cuts price target to 33euros from 38 euros
* AMS AG AMS.S : UBS adds to most preferred list in technology alpha preferences
* Arkema SA AKE.PA : HSBC raises price target to 84 euros from 83 euros; rating neutral
* AZ Electronic Materials AZEM.L : Goldman Sachs adds to Conviction List; rating buy
* Bayer BAYGn.DE : Natixis raises price target to 92 euros from 90 euros; rating buy
* BG Group PLC BG.L : Credit Suisse raises price target to 1190p From 1150p; rating neutral
* Bristol-Myers Squibb Co BMY.N : Leerink Swann raises to outperform from market peform
* BT Group Plc BT.L : Berenberg raises price target to 375p from 280p; rating buy
* C&C Group GCC.I : Nomura cuts target price to 6.40 euros from 6.60 euros; rating buy
* C&C GCC.I : Natixis raises price target to 4.75 euros from 3.6 euros; rating neutral
* Caledonia Mining CMCL.L : WH Ireland starts with buy rating; price target 106p
* Capital & Regional CAL.L : Numis raises price target by 14 percent to 43p; rating buy
* Casino CASP.PA : UBS raises price target to 84 euros from 69 euros; rating neutral
* CAT Oil O2C.DE : Renaissance Capital ups price target by 17 pct to 14 euros; rating buy
* Centaur Media CAU.L : Westhouse cuts to neutral from add; target price to 35p from 53p
* CGG GEPH.PA : Natixis raises target price to 23.8 euros from 21.3 euros; rating buy
* CGG GEPH.PA : UBS raises price target to 23.50 euros from 22.50 euros; rating buy
* Chime Communications CHW.L : Numis raises price target to 328p from 320p; rating buy
* Continental CONG.DE : UBS raises price target to 96 euros from 78 euros; rating neutral
* Corio COR.AS : Natixis raises price target to 38 euros from 37 euros; rating neutral
* Corio COR.AS : SocGen cuts target price by 2 euros to 41 euros; rating buy
* CTS Eventim AG EVDG.DE : Berenberg cuts to hold from buy
* Dairy Crest DCG.L : UBS raises price target to 450p from 390p; rating neutral
* EasyJet PLC EZJ.L : HSBC raises target price to 1400p from 1250p; rating overweight
* EDF EDF.PA : BofA Merrill cuts to underperform from neutral
* EDF EDF.PA : BofA Merrill raises price target to 15.50 euros from 15 euros
* Egis Pharma EGIS.BU : Jefferies raises target to Huf 24,600 from Huf 23,300; rating buy
* Elisa ELI1V.HE : Danske Bank raises to hold from sell
* Emlak Konut REIT EKGYO.IS : UBS raises to buy from neutral
* Emlak Konut REIT EKGYO.IS : UBS raises target to Tl 3.80 from Tl 3.18
* Ericsson ERICb.ST : UBS drops from most preferred list in technology alpha preferences �
* Ericsson ERICb.ST : Danske Bank cuts to sell from hold
* Ericsson ERICb.ST : Danske Bank cuts target price to Sek 70 from Sek 82
* Eurasia Drilling EDCLq.L : Renaissance Capital cuts to hold from buy
* Euromoney ERM.L : Numis raises price target to 1155p from 1094p; rating add
* Flughafen Wien VIEV.VI : UBS cuts to neutral from buy
* Gagfah SA GFJG.DE : HSBC raises target to 12 euros from 10.9 euros; rating overweight
* Garanti GRNYO.IS : UBS raises to buy from neutral
* Garanti GRNYO.IS : UBS raises price target to Tl 12.45 from Tl
* Gemalto GTO.AS : UBS removes from least preferred list in technology alpha preferences
* Geox GEO.MI : Citigroup cuts to sell from neutral; target to 1.70 euros from 2.40 euros
* GfK SE GFKG.DE : SocGen cuts target price to 42 euros from 43 euros; hold
* Go-Ahead Group GOG.L : HSBC raises price target to 1635p from 1485p; rating overweight
* GSW Immobilien GIBG.DE : S&P ups price target to 33 euros from 32 euros; rating hold
* Halkbank HALKB.IS : UBS raises price target to TL 25.80 from Tl 22.50; rating buy
* Heidelbergcement HEIG.DE : Natixis raises to neutral from reduce
* Heidelbergcement HEIG.DE : Natixis raises price target to 55 euros from 42 euros
* Hochtief HOTG.DE : Berenberg raises price target to 65 euros from 59 euros; rating buy
* HSBC HSBA.L : Berenberg raises target price to 790p from 680p; rating buy
* HSBC HSBA.L : SocGen raises target price to 840p from 815p; rating buy
* Infineon IFXGn.DE : UBS removes from most preferred list in technology alpha preferences
* Inmarsat Plc ISA.L : Jefferies cuts target price to 750p from 765p; rating buy
* Integra INTEq.L : Renaissance Capital cuts target to $0.5 from $0.6; rating hold
* Isbank ISCTR.IS : UBS raises target price to Tl 8.50 from Tl 6.50; rating neutral
* Julius Baer BAER.VX : Morgan Stanley ups target to Sfr 43 from Sfr39; rating equal weight
* Kazmunaigas KMGQ.L : HSBC cuts price target to $23 from $25; rating overweight
* Keller KLR.L : Panmure raises price target to 900p from 570p; rating hold
* Kohl's Corp KSS.N : Stifel raises price target to $60 from $53; rating buy
* Land Securities LAND.L : Jefferies raises price target to 924p from 821p; rating hold
* Life Healthcare LHCJ.J : UBS cuts to neutral from buy
* London Stock Exchange LSE.L : Citigroup raises target to 1410p from 1290p; rating neutral
* LSL Property Services LSL.L : Finncap raises price target to 400p From 360p; rating buy
* Marseille Kliniken MKANn.DE : Commerzbank cuts target to 7 from 7.20 euros; rating buy
* Mediaset MS.MI : Morgan Stanley ups target to 2.15 euros from 2 euros; rating equalweight
* Merck KGaA MRCG.DE : S&P raises price target to 106 euros from 102 euros; rating sell
* Merck KGaA MRCG.DE : UBS raises price target to 131 euros from 120 euros; rating buy
* Mobotix MBQGn.DE : ESN/Equinet Bank cuts to accumulate from buy
* Mobotix MBQGn.DE : ESN/Equinet Bank raises target price to 19 euros from 18.50 euros
* National Express Group NEX.L : HSBC raises target to 250p from 245p; rating overweight
* NMC Health NMC.L : Numis raises to buy from hold
* Novatek NVTKq.L : Renaissance Capital raises to buy from hold
* Optos OPTS.L : Numis cuts price target to 180p from 200p; rating add
* Optos OPTS.L : Jefferies cuts price target to 240p from 280p; rating buy
* Petrofac Ltd PFC.L : SocGen raises to buy from hold
* PGS PGS.OL : UBS raises to buy from neutral; raises price target to Nok 115 from Nok 105
* Polarcus PLCS.OL : UBS starts with buy; price target Nok 9.50
* Restaurant Group RTN.L : Nomura raises target price to 568p from 515p; rating buy
* Richemont CFR.VX : S&P Capital IQ raises target price to Sfr 100 from Sfr 95; rating buy
* Roche ROG.VX : SocGen raises price target to Sfr 301 from Sfr 246; rating buy
* RWE RWEG.DE : Natixis cuts price target to 27.6 euros from 33.7 euros; rating neutral
* Salzgitter AG SZGG.DE : Jefferies cuts target to 34 euros from 36 euros; rating hold
* Salzgitter AG SZGG.DE : S&P Capital IQ cuts target to 26 euros from 28 euros; rating sell
* Scor SCOR.PA : Canaccord Genuity ups target to 21.50 euros from 19.5 euros; rating sell
* Solvay SOLB.BR : HSBC raises target price to 121 euros from 120 euros; rating neutral
* ST Ives SIV.L : Numis raises price target to 190p; rating buy
* Stagecoach Group PLC SGC.L : HSBC cuts to underweight from neutral
* Swisslog SLOG.S : UBS raises price target to Sfr 1.30 from Sfr 1.25; rating buy
* Synthomer PLC SYNTS.L : Canaccord Genuity cuts target price to 253p from 272p; rating buy
* Synthomer PLC SYNTS.L : Numis cuts to add from buy
* Synthomer PLC SYNTS.L : Jefferies cuts price target to 220p from 225p; rating hold
* Talanx AG TLXGn.DE : Berenberg raises target to 28.50 euros from 28 euros; rating buy
* ThyssenKrupp TKAG.DE : SocGen raises to buy from hold
* ThyssenKrupp TKAG.DE : SocGen raises target price to 20.5 euros from 18.4 euros
* ThyssenKrupp TKAG.DE : Credit Suisse cuts target to 23.8 euros from 25 euros
* Trinity Mirror TNI.L : Numis raises to buy from add
* TUI AG TUIGn.DE : Natixis raises price target to 11 euros from 9.7 euros; rating buy
* TUI AG TUIGn.DE : ESN/Equinet Bank raises target to 12 euros from 10 euros; rating buy
* TUI AG TUIGn.DE : UBS raises price target to 11.70 euros from 10.70 euros; rating buy
* Ubisoft Entertainment UBIP.PA : BMO ups target to 10 from 9 euros; rating outperform
* Ubisoft Entertainment UBIP.PA : Wedbush raises to outperform from neutral
* Ubisoft Entertainment UBIP.PA : Wedbush raises price target to 14 eurosfrom 9 euros
* UTV Media PLC UTV.L : Shore Capital cuts to hold from buy
* Vakifbank VAKBN.IS : UBS raises price target to Tl 7.30 from Tl 5.70; rating neutral
* Wilmington Group PLC WIL.L : Westhouse raises target price to 175p from 165p; rating add
* Yapi Kredi YKSGR.IS : UBS raises price target to Tl 6.90 from Tl 6; rating neutral
(Compiled by Rachel Chitra in Bangalore)
((rachel.chitra@thomsonreuters.com)(Bangalore Equities Newsdesk +91 80 4135 5800)(within)(U.S.
+1 646 223 8780)(Reuters Messaging: rachel.chitra.reuters.com@reuters.net))
Keywords: RESEARCH EUROPE/