Europe Research Roundup: SAP, ArcelorMittal, Salzgitter

Haulotte SA

14/10/2015 08:06

Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Kerry Group and Enel Russia, on Wednesday.  
     
    HIGHLIGHTS 
    * SAP  SAPG.F : HSBC raises to buy from hold 
    * Enel Russia  ENRU.MM : JP Morgan raises to neutral from underweight 
    * ArcelorMittal  ISPA.AS : Berenberg starts with buy; price target 7.50 euros 
    * Kerry Group  KYGa.I : JP Morgan raises to overweight from neutral 
       
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order. 
 
    * Akzo Nobel  AKZO.AS : HSBC cuts target price to 61 euros from 63 euros 
    * ArcelorMittal  ISPA.AS : Berenberg starts with buy; price target 7.50 euros 
    * Assura  AGRP.L : Liberum raises target price to 55p from 53p; rating hold 
    * DKSH Holding AG  DKSH.S : HSBC cuts to reduce from hold 
    * Edenred  EDEN.PA : Barclays cuts target to 21.50 euros from 22 euros; rating overweight 
    * Enel Russia  ENRU.MM : JP Morgan raises to neutral from underweight 
    * FSK  FEES.MM : JP Morgan cuts to underweight from neutral 
    * FSK  FEES.MM : JP Morgan revises target price to 0.045 roubles from 0.077 roubles 
    * Haulotte Group  PYHE.PA : SocGen cuts target price to 18 euros from 19.5 euros; rating buy 
    * John Laing Group Plc  JLG.L : HSBC starts with buy rating 
    * Kerry Group  KYGa.I : JP Morgan raises to overweight from neutral 
    * Kloeckner  KCOGn.DE : Berenberg re-initiates coverage with sell; price target 7 euros 
    * Michael Page  MPI.L : Jefferies cuts target price to 610p from 625p; rating buy 
    * Morgan Advanced Materials Plc  MGAMM.L : Liberum starts with buy 
    * Morgan Advanced Materials Plc  MGAMM.L : Liberum starts with target price 340p 
    * OGK-2  OGKB.MM : JP Morgan cuts to underweight from neutral 
    * Orange SA  ORAN.PA : Berenberg cuts target price to 16.40 euros from 17 euros; rating buy 
    * Salzgitter  SZGG.DE : Berenberg starts coverage with buy; price target 40 euros 
    * SAP  SAPG.F : HSBC raises target price to 75 euros 
    * SAP  SAPG.F : HSBC raises to buy from hold 
    * Sartorius  SATG_p.DE : HSBC raises target price to 225 euros from 202 euros 
    * SSAB  SSABa.ST : Berenberg starts coverage with hold; price target Sek 40 
    * ThyssenKrupp AG  TKAG.DE : Berenberg starts coverage with buy; price target 26 euros 
    * Transneft  TRNF_p.MM : JP Morgan raises target to 113,156.49 roubles from 61,000 roubles 
    * Trans-Siberian Gold  TSG.L : Cantor cuts price target to 33p from 35p; rating buy 
    * Tryg A/S  TRYG.CO : HSBC cuts target price to Dkk 127 from 130 Dkk 
    * TT Electronics  TTG.L : Liberum starts with hold 
    * TT Electronics  TTG.L : Liberum starts with target price 135p 
    * Voestalpine AG  VOES.VI : Berenberg starts coverage with hold; price target 38 euros 
    * William Hill Plc  WMH.L : HSBC cuts target price to 320p from 335p 
    * Xaar Plc  XAR.L : Liberum starts with hold 
    * Xaar Plc  XAR.L : Liberum starts with target price 550p 
     
 
 (Compiled by Eileen Soreng in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/