EUROPE RESEARCH ROUNDUP: Adecco, ThyssenKrupp, Reckitt Benckiser, Smiths Group
21/03/2013 08:20
March 21 - Securities analysts revised their ratings and price targets on several European
companies, including ThyssenKrupp and Adecco, on Thursday.
HIGHLIGHTS
* Adecco : S&P Capital IQ cuts rating to sell from hold
* HeidelbergCement : Kepler cuts to hold from buy
* ThyssenKrupp : Nomura cuts target price to 18 euros from 20 euros; rating buy
* Smiths Group : JP Morgan raises target to 1500p from 1315p; rating overweight
* Reckitt Benckiser : Citigroup raises price target to 5450p from 4070p; rating buy
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Adecco : S&P Capital IQ cuts rating to sell from hold
* A.G.Barr : Investec raises target price to 562p from 485p; rating buy
* Ageas : ING raises target price to 32.50 euros from 27.50 euros; rating buy
* Alliance Pharma : Investec raises to add from hold; target to 35.2p from 29.3p
* AP Moeller : Berenberg raises target to Dkk 60,000 from Dkk 57,000; rating buy
* APR Energy : Cantor raises target price to 770p from 650p; rating reduce
* ASOS : Deutsche Bank raises target price to 3000p from 2600p; rating hold
* ASOS : Citigroup raises target price to 4000p from 3000p; rating buy
* Associated British Foods : Investec raises target to 1930p from 1400p; rating hold
* Avia Solutions : ING starts with buy rating; target price Pln 90
* Aubay : SocGen raises target price to 7.4 euros from 6.5 euros; rating buy
* Balfour Beatty : Investec cuts target price to 190p from 200p; rating sell
* Bayer : Berenberg raises target price to 85 euros from 80 euros; rating buy
* Beiersdorf : Citigroup raises to buy from neutral; target 82 euros from 63 euros
* British Sky Broadcasting :Credit Suisse ups target to 800p from 610p;rating neutral
* Danone : Citigroup removes from focus list Europe
* Danone : Citigroup raises price target 63 euros from 60 euros; rating buy
* DIA : Kepler raises target price to 6.4 euros from 5.5 euros; rating buy
* Drax : SocGen raises to hold from sell
* Eurasia Drilling : UBS raises target price to $43 from $39; rating buy
* HeidelbergCement : Kepler cuts to hold from buy
* ENRC : Deutsche Bank cuts target price to 539p from 550p; rating buy
* EVOTEC : Deutsche Bank cuts target price to 2.6 euros from 2.9 euros; rating hold
* Eurazeo : UBS raises target price to 48.50 euros from 46 euros; rating buy
* Henkel AG : Citigroup raises target 74 euros from 61 euros; rating neutral
* ITE Group : Westhouse cuts to neutral from add
* Lamprell : BofA Merrill raises target price to 180p from 140p; rating buy
* L'OREAL : Citigroup raises price target 127 euros from 97 euros; rating neutral
* Maisons France : SocGen cuts target to 24 euros from 28.4 euros; rating hold
* Mears : Jefferies cuts to hold from buy
* Mersen : Kepler cuts target price to 24 euros from 25 euros; rating buy
* Nestle : Citigroup raises to buy from neutral; price target Sfr 77.50 from Sfr 68
* Portmeirion Group : Panmure starts with buy rating; target price 657p
* Premier Farnell : Jefferies raises target price to 250p from 210p; rating buy
* Premier Farnell : Deutsche Bank raises target price to 250p from 200p; rating buy
* Prudential : Citigroup raises target price to 1267p from 1065p; rating buy
* PZU SA : Credit Suisse raises target to Pln 420 from Pln 413; rating underperform
* Reckitt Benckiser : Citigroup adds to focus list Europe
* Reckitt Benckiser : Citigroup raises price target to 5450p from 4070p; rating buy
* Regus : UBS raises target price to 100p from 80p; rating sell
* Resolution : BofA Merrill adds to europe 1 list
* Ryanair : HSBC raises target price to 5 euros from 4.6 euros; rating underweight
* Schoeller-Bleckmann : HSBC cuts to neutral from overweight
* STMICROELECTRONICS : Citigroup ups target to 6.30 euros from 4.50 euros
* Smiths Group : SocgGen raises target price to 1200p from 1175p; rating sell
* Smiths Group : Espirito raises fair value to 1220p from 960p; rating neutral
* Smiths Group : JP Morgan raises target to 1500p from 1315p; rating overweight
* Sopheon : Finncap raises target price to 12p from 10p
* Ted Baker : Cantor raises target price to 1200p from 1050p; rating hold
* TDC A/S : UBS raises target price to Dkk 42 from Dkk 35; rating neutral
* Telenor : Deutsche Bank raises target price to Nok 140 from Nok 135; rating buy
* ThyssenKrupp : Nomura cuts target price to 18 euros from 20 euros; rating buy
* Unilever : Citigroup raises target to 33.50 euros from 31 euros; rating neutral
* William Hill : JP Morgan cuts target price to 485p from 510p; rating overweight
* WS Atkins : Liberum raises to buy from hold; price target to 1020p from 880p
* WS Atkins : RBC cuts to sector perform from outperform;
* WS Atkins : RBC raises target price to 900p from 750pŸ
(Compiled by Avik Das in Bangalore)
((avik.das@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5919;
Reuters Messaging: avik.das.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/