Europe Research Roundup: ASML, Galapagos, Ultra Electronics

Gerry Weber International AG

28/09/2015 08:05

Sept 28 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Galapagos and Ultra Electronics, on Monday.  
     
    HIGHLIGHTS 
    * Galapagos  GLPG.AS : Credit Suisse cuts to neutral from outperform 
    * Tele Columbus  TC1n.DE : Berenberg raises to buy from hold 
    * Ultra Electronics  ULE.L : JP Morgan raises to overweight from neutral 
    * ASML Holding  ASML.AS : UBS cuts target price to 80 euros from 103 euros  
           
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.    
     
    * ASML Holding  ASML.AS : UBS cuts target price to 80 euros from 103 euros; rating neutral 
    * Bureau Veritas  BVI.PA : Jefferies cuts target price to 23 euros; rating buy 
    * Galapagos  GLPG.AS : Credit Suisse cuts to neutral from outperform 
    * Galapagos  GLPG.AS : Credit Suisse cuts target price to 46 euros from 62 euros 
    * Galapagos  GLPG.AS : Jefferies cuts target price to 56 euros from 73 euros; rating buy 
    * Gerry Weber  GWIG.DE : Berenberg cuts target to 16.50 euros from 25.50 euros; rating hold 
    * Intertek Group  ITRK.L : Jefferies cuts target price to 2120p; rating underperform 
    * SGS  SGSN.VX : Jefferies cuts target price to Sfr 1750; rating hold 
    * Tele Columbus  TC1n.DE : Berenberg cuts target price to 13 euros from 14.20 euros 
    * Tele Columbus  TC1n.DE : Berenberg raises to buy from hold 
    * Total SA  TOTF.PA : Jefferies raises target to 42.50 euros from 42 euros; rating hold 
    * Ultra Electronics  ULE.L : JP Morgan raises cuts target price to 1875p from 1920p 
    * Ultra Electronics  ULE.L : JP Morgan raises to overweight from neutral 
    * Virbac SA  VIRB.PA : Jefferies cuts target price to 167 euros from 204 euros; rating hold 
 
 
 (Compiled by Eileen Soreng in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/