EUROPE RESEARCH ROUNDUP: GlaxoSmithKline, Gedeon Richter, Elekta, TeliaSonera, Syngenta
06/02/2014 09:49
Feb 6 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including GlaxoSmithKline and Gedeon Richter, on Thursday.
HIGHLIGHTS
* Gedeon Richter GDRB.BU : HSBC, UBS, Jefferies downgrade rating on stock
* GlaxoSmithKline GSK.L : Bernstein cuts target to 1603p from 1672p; rating market perform
* Elekta EKTAb.ST : UBS removes from most preferred list; rating neutral
* TeliaSonera AB TLSN.ST : S&P Capital cuts to hold from buy
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. See bottom of the table for sector changes.
* ABB Ltd ABBN.VX : Berenberg cuts target price to Sfr 22.40 from Sfr 23; rating hold
* Adidas ADSGn.DE : Raymond James cuts target to 93 euros from 97 euros; rating outperform
* Akbank AKBNK.IS : SocGen cuts target price to tl 5.3 from tl 6.5; rating sell
* Almirall ALM.MC : Berenberg raises target price to 15 euros from 13 euros; rating buy
* Compugroup COPMa.DE : Berenberg raises target to 21 euros from 18 euros; rating hold
* Corbion CORB.AS : ING raises to buy from hold
* Daily Mail & General Trust DMGOa.L : Investec ups target to 1055p from 975p; rating buy
* Daily Mail & General Trust DMGOa.L : Canaccord ups target to 970p from 886p; rating hold
* Elekta EKTAb.ST : UBS removes from most preferred list; rating neutral
* Gedeon Richter GDRB.BU : HSBC cuts to neutral from overweight
* Gedeon Richter GDRB.BU : UBS cuts to neutral from buy
* Gedeon Richter GDRB.BU : Jefferies cuts to underperform from hold
* GlaxoSmithKline GSK.L : Bernstein cuts target to 1603p from 1672p; rating market perform
* GlaxoSmithKline GSK.L : SocGen cuts target price to 1,950p from 1,960p; rating buy
* Hargreaves Lansdown HRGV.L : Jefferies cuts to hold from buy
* Hennes & Mauritz HMb.ST : HSBC raises to overweight from neutral
* Hennes & Mauritz HMb.ST : HSBC raises target to Sek 355 from Sek 300
* Hikma Pharmaceuticals HIK.L : UBS adds to most preferred list; rating buy
* Ossur OSSR.CO : Jefferies raises to buy from hold
* Ossur OSSR.CO : Jefferies raises target to Dkk 13.20 from Dkk 7.70
* PZU PZU.WA : JP Morgan raises target price to Pln 497 from Pln 466; rating overweight
* Schneider Electric SCHN.PA : SocGen cuts target to 71 euros from 73 euros; rating buy
* SEB AB SEBa.ST : Berenberg raises target price to Sek 82 from Sek 75;rating hold
* Svenska Cellulosa SCAb.ST : HSBC starts with overweight; target Sek 225
* Svenska Handelsbanken SHBa.ST : Berenberg ups target to Sek 295 from Sek 285; hold
* Syngenta SYNN.VX : Barclays cuts target to Sfr 346 from Sfr 390; rating equal weight
* TeliaSonera AB TLSN.ST : S&P Capital cuts to hold from buy
* TeliaSonera AB TLSN.ST : S&P Capital cuts price target to Sek 52 from Sek 56
* Valeo VLOF.PA : HSBC cuts to underweight from neutral
* Zumtobel ZUMV.VI : Berenberg raises target price to 19 euros from 15 euros; rating buy
(Compiled by Saqib Iqbal Ahmed)
((saqib.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780 outside U.S. +91 80 6749 1130;
Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/