Europe Research Roundup: BMW, Next PLC, Royal Bank Of Scotland, Hugo Boss

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21/03/2014 10:44

March 21 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Hikma Pharmaceuticals and FCC, on Friday.  
     
    HIGHLIGHTS 
    * Royal Bank Of Scotland  RBS.L : Barclays cuts to equal weight from overweight 
    * Hikma Pharmaceuticals  HIK.L : Jefferies cuts to hold from buy rating  
    * FCC  FCC.MC : Socgen raises to hold from sell 
    * ASOS PLC  ASOS.L : UBS cuts price target to 6,200p from 6,660p; rating neutral 
    * Hermes International SCA  HRMS.PA : SocGen raises to hold from sell rating 
       
Following is a summary of research actions on European companies reported by Reuters on Friday. 
Stock entries are in alphabetical order.    
     
    * Acerinox  ACX.MC : SocGen raises target price to 12 euros from 10 euros; rating hold 
    * Aperam  APAM.AS : SocGen raises price target to 21 euros from 17 euros; rating buy  
    * ASML Holding NV  ASML.AS : Berenberg cuts target to 70 euros from 73 euros; rating hold 
    * ASOS PLC  ASOS.L : UBS cuts price target to 6,200p from 6,660p; rating neutral 
    * Boiron SA  BOIR.PA : SocGen cuts to hold from buy rating 
    * Boiron SA  BOIR.PA : SocGen raises target price to 63.5 euros from 57 euros 
    * Darty PLC  DRTY.L : UBS cuts price target to 140p from 150p; rating buy 
    * Davide Campari  CPRI.MI : UBS cuts price target to 5.50 euros from 5.70 euros; rating sell 
    * Dogus Otomotiv  DOAS.IS : Renaissance Capital cuts target to Tl 10.45 from Tl 13.10; buy  
    * Etalon  ETLNGq.L : Renaissance Capital cuts price target to $5.9 from $6.6; rating buy 
    * FCC  FCC.MC : SocGen raises to hold from sell 
    * Finmeccanica  SIFI.MI : SocGen raises target to 5.7 euros from 4.3 euros; rating sell 
    * Ford Otomotiv  FROTO.IS : Renaissance Capital cuts target to Tl 21 from Tl 28.20; hold 
    * Havas SA  EURC.PA : Barclays cuts target to 6.20 euros from 6.40 euros; equal weight 
    * Havas SA  EURC.PA : SocGen cuts target price to 6.1 euros from 6.5 euros; rating hold 
    * Heidelbergcement  HEIG.DE : Bernstein raises target to 75 euros from 67 euros; outperform 
    * Hermes International SCA  HRMS.PA : SocGen raises to hold from sell rating 
    * Hikma Pharmaceuticals  HIK.L : Jefferies cuts to hold from buy rating 
    * Hikma Pharmaceuticals  HIK.L : Jefferies raises target price to 1,500p from 1,250p 
    * Hochtief AG  HOTG.DE : UBS raises price target to 58 euros from 56 euros; rating sell 
    * Intu Properties  INTUP.L : Jefferies cuts target price to 270p from 344p; rating hold 
    * Jastrzebska Spolka Weglowa  JSW.WA : SocGen cuts target to Pln 40 from Pln 52; rating sell 
    * Ladbrokes PLC  LAD.L : UBS cuts price target to 165p from 180p; rating buy 
    * Meggitt PLC  MGGT.L : UBS raises to buy from neutral; cuts price target to 520p from 530p 
    * Meyer Burger  MBTN.S : UBS cuts price target to Sfr 18 from Sfr 20; rating buy 
    * Ophir Energy PLC  OPHR.L : UBS cuts price target to 285p from 325p; rating neutral 
    * Remy Cointreau  RCOP.PA : UBS cuts price target to 60 euros from 61 euros; rating neutral 
    * Resolution Ltd  RSL.L : Barclays raises target price to 370p from 361p; rating overweight 
    * Royal Bank Of Scotland Group Plc  RBS.L : Barclays cuts to equal weight from overweight 
    * Royal Bank Of Scotland Group Plc  RBS.L : Barclays cuts target to 300p from 370p 
    * Salzgitter  SZGG.DE : SocGen cuts target price to 30 euros from 35 euros; rating hold  
    * Tele2 AB  TEL2b.ST : Berenberg cuts to hold from buy 
    * ThyssenKrupp AG  TKAG.DE : SocGen cuts target to 20.5 euros from 21.5 euros; rating hold 
    * TNT Express  TNTE.AS : UBS raises to buy from neutral 
    * TNT Express  TNTE.AS : UBS raises price target to 8.30 euros from 6.60 euros 
    * Tofas Turk Otomobil  TOASO.IS : Renaissance Cuts target to Tl 11.45 from Tl 13.90; hold 
    * WANdisco PLC  WAND.L : UBS raises price target to 1,535p from 1,525p; rating buy 
    * William Hill PLC  WMH.L : UBS cuts price target to 420p from 450p; rating buy 
    * Wolseley  WOS.L : Jefferies raises target price to 2720p; rating underperform 
    * Zealand Pharma  ZELA.CO : Jefferies cuts target price to Dkk 110 from Dkk 115; rating buy 
 
 (Compiled by Rachel Chitra in Bangalore) 
 ((rachel.chitra@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 
67496149)(Reuters Messaging: rachel.chitra.reuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/