Europe Research Roundup: Investor AB, Henkel, Standard Chartered, Mediaset
27/06/2014 15:52
June 27 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Henkel, Petrofac and Standard Chartered, on Friday.
HIGHLIGHTS
* Investor AB INVEb.ST : UBS cuts to sell from neutral
* Henkel HNKG.DE : Bernstein raises target to 85 euros from 76 euros; rating outperform
* Mediaset MS.MI : Exane BNP Paribas raises to neutral from underperform
* Meggitt Plc MGGT.L : UBS cuts to neutral from buy; target price to 505p from 520p
* Standard Chartered STAN.L : SocGen, UBS, Canaccord Genuity cut target price on the stock
* Redrow RDW.L : UBS raises to buy from neutral; cuts price target to 320p from 350p
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* Adidas ADSGn.DE : Exane BNP Paribas cuts target price by 4 pct to 94 euros; outperform
* AMEC Plc AMEC.L : Nomura raises target price to 1450p from 1280p; rating buy
* ArcelorMittal SA ISPA.AS : Goldman Sachs cuts target to 9.5 euros from 10 euros; sell
* Ashtead Group AHT.L : Credit Suisse raises target to 1150p from 1100p; rating outperform
* Atos SE ATOS.PA : UBS cuts target price to 70 euros from 71 euros; rating buy
* Atresmedia A3M.MC : Exane BNP Paribas cuts to underperform from neutral
* Atresmedia A3M.MC : Exane BNP Paribas cuts target price to 9.5 euros from 11 euros
* Barclays BARC.L : BofA Merrill cuts target price to 285p from 350p; rating buy
* Barratt Developments BDEV.L : UBS cuts target price to 445p from 480p; rating buy
* Bashneft BANE.MM : Barclays raises to overweight from equal weight
* BBA Aviation BBA.L : SocGen starts with buy rating; 360p target price
* Bellway Plc BWY.L : UBS cuts target price to 1870p from 2030p; rating buy
* Beni Stabili BNSI.MI : SocGen raises target price to 0.80 euro from 0.75; rating buy
* Bovis Homes Group BVS.L : UBS cuts target price to 965p from 1050p; rating buy
* Bunzl BNZL.L : RBC raises target price to 1420p from 1275p; rating underperform
* BW LPG BWLPG.OL : Deutsche Bank raises target price to Nok 92 from Nok 72; rating hold
* CGG GEPH.PA : Nomura cuts target price to 9 euros from 11 euros; rating neutral
* Chemring Group CHG.L : Canaccord Genuity cuts target price to 160p; rating sell
* CRH CRH.I : Morgan Stanley raises target to 18.50 euros from 17 euros; equal-weight
* CSR PLC CSR.L : UBS cuts target price to 600p from 750p; rating neutral
* Daily Mail and General Trust DMGOa.L : Investec raises target to 1068 from 1052; buy
* Deutsche Telekom DTEGn.DE : Credit Suisse ups target to 13 euros from 12 euros;outperform
* Domino Printing Sciences DOPR.L : Investec cuts target to 650p from 830p; rating add
* DS Smith SMDS.L : UBS cuts target price to 340p from 357p; rating buy
* Eutelsat Communications ETL.PA : Natixis raises target to 29 euros from 28 euros; buy
* Experian Plc EXPN.L : Credit Suisse cuts target to 1100p from 1230p; rating outperform
* Falkland Oil & Gas FOGL.L : Peel Hunt starts with a buy rating; 45p target price
* Gazprom GAZPq.L : Barclays cuts to equal weight from overweight rating
* Gesco GSC1n.DE : ESN/Equinet Bank cuts to hold from accumulate
* GKN PLC GKN.L : UBS cuts target price to 380p from 400p; rating neutral
* Hellermanntyton HTY.L : Numis raises to buy from add
* Henkel HNKG_p.DE : Bernstein raises target to 94 euros from 85 euros; rating outperform
* Henkel HNKG.DE : Bernstein raises target to 85 euros from 76 euros; rating outperform
* HSBC HSBA.L : Exane BNP Paribas cuts target price by 4 pct to 650p; rating neutral
* Hunting Plc HTG.L : Nomura raises target price to 825p from 745p; rating neutral
* Investor AB INVEb.ST : UBS cuts to sell from neutral
* InVision IVXG.DE : Berenberg raises target price to 72 euros from 65 euros; rating buy
* ISS A/S ISS.CO : HSBC starts with underweight rating; target price of Dkk 168
* Johnston Press JPR.L : Panmure resumes coverage with buy rating; target price of 5.3p
* Land Securities LAND.L : SocGen cuts target price to 1080p from 1100p; rating hold
* London Stock Exchange LSE.L : UBS raises price target to 1950p from 1830p; rating neutral
* London Stock Exchange LSE.L : Credit Suisse raises target to 2350p from 2220p; outperform
* Lukoil LKOHyq.L : Barclays raises to overweight from equal weight
* Maire Tecnimont MTCM.MI : Nomura raises to neutral from reduce
* Maire Tecnimont MTCM.MI : Nomura raises target price to 2.45 euros from 0.50 euro
* Mediaset MS.MI : Exane BNP Paribas raises to neutral from underperform
* Mediaset Espana TL5.MC : Exane raises target to 7.7 euros from 7.5 euros; underperform
* Meggitt Plc MGGT.L : UBS cuts to neutral from buy; target price to 505p from 520p
* Motivcom Plc MOTI.L : Numis cuts target price to 185p from 197p; rating buy
* Novatek NVTKq.L : Barclays cuts to equal weight from overweight rating
* Ophir Energy OPHR.L : UBS cuts to neutral from buy; target price to 250p from 280p
* Outsourcery OUT.L : Investec cuts target price to 130p from 176p; rating buy
* Persimmon PSN.L : UBS cuts price target to 1450p from 1460p; rating buy
* Petrofac Ltd PFC.L : SocGen cuts target price to 1480p from 1600p; rating buy
* Premier Foods PFD.L : Investec cuts target price to 67p from 72p; rating hold
* Redrow RDW.L : UBS raises to buy from neutral; cuts price target to 320p from 350p
* Rushydro HYDR.MM : Deutsche Bank cuts to hold from buy
* Saint Gobain SGOB.PA : Berenberg raises target to 49 euros from 47 euros; rating buy
* Sasol Ltd SOLJ.J : Barclays cuts to equal weight from overweight
* Schneider Electric SCHN.PA : Natixis raises target to 69 euros from 67 euros; neutral
* Spectris SXS.L : Exane BNP Paribas starts with an outperform; 2650p target price
* Standard Chartered STAN.L : SocGen cuts target price to 1450p from 1550p; rating buy
* Standard Chartered STAN.L : UBS cuts target price to 1300p from 1515p; rating buy
* Standard Chartered STAN.L : Canaccord Genuity cuts target to 1000p from 1200p; sell
* Surgutneftegas SNGS_p.MM : Barclays cuts to equal weight from overweight
* Svenska Cellulosa SCAb.ST : Nomura cuts target price to Sek 220 from Sek 230; rating buy
* Swedish Orphan Biovitrum SOBIV.ST : Jefferies raises target to Sek 100 from Sek 86; buy
* Swisscom SCMN.VX : Morgan Stanley raises target to Sfr 575 from Sfr 525; overweight
* Tatneft TATNxq.L : Barclays cuts to underweight from equal weight
* Taylor Wimpey TW.L : UBS cuts price target to 152p from 156p; rating buy
* Tullow Oil TLW.L : UBS raises target price to 950p from 900p; rating buy
* X5 Retail Group PJPq.L : UBS raises target price to $22 from $17.20; rating neutral
(Compiled by Eileen Anupa Soreng and Geetha Panchaksharam in Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6749
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/