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Europe Research Roundup: Ryanair Holdings, Siemens, VAT Group

May 21 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Ryanair Holdings, Siemens and VAT Group, on Tuesday. 
    
  HIGHLIGHTS  
     * Gateway Real Estate  GTYG.DE : Credit Suisse initiates coverage with a neutral rating 
     * Ryanair Holdings Plc  RYA.I : JP Morgan cuts to neutral from overweight
     * Siemens AG  SIEGn.DE : Credit Suisse raises to outperform from neutral
     * VAT Group AG  VACN.S : RBC initiates coverage with underperform rating
          
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
     * Adecco Group AG  ADEN.S : RBC raises price target to CHF 67 from CHF 59
     * Atlas Copco AB  ATCOa.ST : RBC initiates coverage with outperform rating, SEK 325 target
     * Barco NV  BAR.BR : Berenberg raises price target to EUR 190 from EUR 170
     * BT Group Plc  BT.L : Jefferies cuts price target to 325p from 340p
     * Bucher Industries  BUCN.S : RBC initiates coverage with sector perform rating, CHF 340 PT
     * Deutsche Bank AG  DBKGn.DE : Berenberg cuts target price to EUR 6 from EUR 7
     * Gateway Real Estate  GTYG.DE : Credit Suisse initiates coverage with a neutral rating 
     * Gateway Real Estate  GTYG.DE : Credit Suisse initiates coverage with target of EUR 4.10
     * GVC Holdings Plc  GVC.L : Morgan Stanley raises target price to 1040p from 1000p
     * Network International  NETW.L : JP Morgan initiates with neutral rating, 560p PT
     * Randstad NV  RAND.AS : RBC raises price target to EUR 58 from EUR 52
     * Rational AG  RAAG.DE : RBC initiates coverage with underperform rating, EUR 475 target
     * Ryanair Holdings Plc  RYA.I : JP Morgan cuts target price to EUR 11.30 from EUR 13.25
     * Ryanair Holdings Plc  RYA.I : JP Morgan cuts to neutral from overweight
     * Sandvik AB  SAND.ST : RBC initiates coverage with sector perform rating, SEK 175 target
     * Schibsted ASA  SBSTA.OL : Barclays cuts price target to NOK 290 from NOK 385
     * Siemens AG  SIEGn.DE : Credit Suisse raises target price to EUR 143 from EUR 115
     * Siemens AG  SIEGn.DE : Credit Suisse raises to outperform from neutral
     * SKF  SKFb.ST : RBC initiates coverage with outperform rating, SEK 200 target price
     * VAT Group AG  VACN.S : RBC initiates coverage with underperform rating
     * Weir Group Plc  WEIR.L : RBC raises price target to 2,000p from 1,900p
     * WPP Plc  WPP.L : Liberum raises target price to 1450p from 1290p
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))

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