Europe Research Roundup: Enel, Rio Tinto Plc, Publicis Groupe, Bayer

Haulotte SA

04/06/2014 07:48

June 4 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Enel SpA and Rio Tinto Plc, on Wednesday.  
     
    HIGHLIGHTS 
    * Enel SpA  ENEI.MI : Raymond James raises to strong buy from outperform 
    * IMI  IMI.L : Investec cuts to hold from buy rating 
    * Novatek  NVTKq.L : SocGen cuts to hold from buy 
    * Publicis Groupe  PUBP.PA , Havas  EURC.PA : Nomura revises rating on cos  ID:nWNBB04JL8  
    * Arkema SA  AKE.PA : Credit Suisse raises to outperform from neutral 
         
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.       
         
    * Arkema SA  AKE.PA : Credit Suisse raises to outperform from neutral 
    * Aryzta AG  ARYN.S : Berenberg raises target price to Sfr 92 from Sfr 87; rating buy  
    * Avacta  AVTG.L : Numis raises target price to 2p from 1.9p; rating buy 
    * Bayer AG  BAYGn.DE : Jefferies raises price target to 130 euros from 118 euros; rating buy 
    * BHP Billiton  BLT.L : Citigroup adds to its Europe Focus List 
    * BIM  BIMAS.IS : UBS raises target price to Tl 49 from Tl 45; rating neutral  
    * Britvic PLC  BVIC.L : JP Morgan raises target price to 730p from 650p; rating neutral 
    * Burckhardt  BCHN.S : Vontobel raises target price to Sfr 440 from Sfr 380; rating hold 
    * DS Smith  SMDS.L : Jefferies starts with hold; price target 335p 
    * Enel SpA  ENEI.MI : Raymond James ups to strong buy from outperform; target to 4.70 euros 
    * Eurasia DrillinG  EDCLq.L : SocGen cuts to hold from buy; target price to $30 from $42 
    * Genmab A/S  GEN.CO : Nordea Equity Research raises price target to Dkk 320 from Dkk 292 
    * Haulotte Group SA  PYHE.PA : SocGen raises to hold from sell  
    * Havas  EURC.PA : Nomura raises to buy from neutral; target to 7 euros from 5.80 euros  
    * IMI  IMI.L : Investec cuts to hold from buy rating; raises target to 1640p from 1630p 
    * Mondi PLC  MNDI.L : Jefferies raises price target to 1325p from 1275p; rating buy 
    * Novatek  NVTKq.L : SocGen cuts to hold from buy  
    * OC Oerlikon  OERL.S : Vontobel cuts target price to Sfr 17 from Sfr 18; rating buy  
    * Ophir Energy  OPHR.L : Goldman Sachs cuts target price to 337p from 355p; rating buy 
    * Poundland  PLND.L : JP Morgan raises to overweight from neutral 
    * Publicis Groupe SA  PUBP.PA : Nomura cuts to neutral from buy  
    * Reed Elsevier  REL.L : Nomura raises target price to 1050p from 975p; rating buy  
    * Rio Tinto PLC  RIO.L : CIBC starts with sector underperformer rating; price target 2900p  
    * Servoca  SVCA.L : Finncap raises target price to 17.5p from 15.3p 
    * Smurfit Kappa  SKG.I : Jefferies starts with buy; price target 24 euros 
    * Tullow Oil  TLW.L : Citigroup cuts target price to 935p from 953p; rating neutral 
    * Tupras  TUPRS.IS : Wood & Company cuts to sell from hold; target to Tl 46.3 from Tl 47.4 
    * Ypsomed  YPSN.S : Vontobel raises target price to Sfr 85 from Sfr 80; rating hold 
   
 
 (Compiled by Fareha Khan in Bangalore) 
 ((fareha.khan@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
1130)(Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/