EUROPE RESEARCH ROUNDUP: L'Oreal, ArcelorMittal, Barclays, Aviva
07/02/2013 23:20
Feb 7 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including, Virgin Media, Experian and L'Oreal on Thursday.
HIGHLIGHTS
* L'oreal SA : Socgen cuts to hold from buy
* ArcelorMittal SA : Socgen cuts target price to 15.5 euros from 16 euros
* Aviva Plc : Citigroup adds to Citi Focus List Europe; rating buy
* Zurich Insurance Group AG : Citigroup cuts to neutral from buy
* Barclays Plc : S&P Capital IQ raises target price to 350p from 260p; rating buy
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Alfa Laval AB : Barclays raises target price to sek 130 from sek 120
* Allreal Holding AG : Vontobel cuts to hold from buy
* Aperam SA : ING cuts target price to 11 euros from 12.50 euros; rating hold
* Arcelormittal SA : SocGen cuts target price to 15.5 euros from 16 euros
* Arcelormittal SA : HSBC raises target price to $16 from $12; rating underweight
* Arcelormittal SA : Exane BNP Paribas cuts price target by 6 percent to 14.5 euros
* Arcelormittal : HSBC maintains target price at $16; rating underweight
* Ashmore Group Plc : Canaccord Genuity raises to buy from sell
* Ashmore Group Plc : Canaccord Genuity raises target price to 399p from 315p
* Aviva Plc : Citigroup adds to citi focus list europe; rating buy
* Avon Rubber Plc : Investec cuts to sell from hold
* Avon Rubber Plc : Investec raises price target to 420p from 390p
* AXA SA : Citigroup raises to buy from neutral
* Barclays Plc : S&P Capital IQ raises target price to 350p from 260p; rating buy
* Baron De Ley SA : Exane BNP Paribas raises price target by 7 pct to 60 euros
* BG Group : BOFA Merrill reinstates coverage with neutral rating; target price 1135p
* Bourbon SA : Socgen cuts target price to 26 euros from 33 euros; rating buy
* B P Marsh And Partners Plc : Panmure cuts to hold from buy
* Compass Group Plc : BofA Merrill ups price objective to 885p from 865p; rating buy
* Compass Group Plc : Numis raises to add from hold; target price to 850p from 750p
* Cramo Oyj : SEB Enskilda raises to buy from hold
* Credit Suisse : Deutsche Bank cuts to hold; raises target to Chf 29 from Chf 27
* Dairy Crest Group Plc : Numis cuts to hold from buy
* Dairy Crest Group Plc : Peel Hunt raises price target to 440p from 420p; rating buy
* Daily Mail and General Trust Plc : Barclays raises target price to 675p from 605p
* Daily Mail and General Trust Plc : Exane BNP Paribas raises to neutral rating
* Dairy Crest Group Plc : Panmure cuts to hold from buy
* DCC Plc : JP Morgan ups price target to 26.20 euros from 25 euros; rating neutral
* Easyjet Plc : Nomura raises target price to 1020p from 913p; rating buy
* Edenred SA : Socgen raises target price to 27.5 euros from 25.5 euros; rating buy
* Enel SpA : Exane BNP Paribas raises target price to 2.7 euros from 2.4 euros
* Elan Corporation : Exane BNP Paribas cuts target price by 14 percent to 7.3 euros
* Elan Corporation : Deutsche Bank cuts to hold from buy
* Elan Corporation : Deutsche Bank cuts target price to 7.60 euros from 9.70 euros
* Elan Corporation : RBC cuts to sector perform from outperform
* Elan Corporation : RBC cuts price target to $11 from $15
* Electrolux AB : Exane BNP Paribas cuts target price by 8 percent to sek 170
* Elisa Oyj : Barclays cuts target price to 14.50 euros from 15.50 euros
* Elisa Oyj : Deutsche Bank cuts target price to 16.5 euros from 17.5 euros
* E.ON AG : JP Morgan cuts price target to 12.50 euros from 13 euros
* Essilor International : Berenberg raises target price to 77 euros from 72 euros
* Experian Plc : Barclays starts with overweight rating; price target of 1250p
* GEA Group Aktiengesellschaft : Kepler ups target price to 26 euros from 24 euros
* GEA Group : S&P Capital IQ cuts to sell from hold
* GEA Group : S&P Capital IQ cuts target price to 24 euros from 26 euros
* Givaudan : UBS raises to buy from neutral; target price to sfr 1300 from sfr 950
* Glaxosmithkline Plc : Panmure raises target price to 1525p from 1500p; rating buy
* Grenkeleasing AG : Bank raises target price to 50 euros from 44 euros;rating hold
* Handelsbanken : JP Morgan raises price target to sek 220 from sek 217
* Hannover Rueckversicherung : Berenberg cuts to hold from buy
* Hannover Rueckversicherung : Berenberg ups target to 62.80 euros from 59 euros
* Hargreaves Lansdown : Barclays raises target price to 850p from 820p
* Hargreaves Lansdown : Citigroup ups target price to 675p from 640p; rating sell
* Havas SA : UBS raises target price to 5.4 euros from 4.6 euros; rating buy
* Heidelberger Druckmaschinen : S&P Capital cuts to sell from hold
* Heidelberger Druckmaschinen : S&P Capital ups target to 1.40 euros from 1.15euros
* Hermes International SCA : UBS raises target price to 245 euros from 225 euros
* Homeserve Plc : Numis raises to add from hold
* Hugo Boss AG : UBS raises price target to 96 euros from 84 euros; rating buy
* ICAP Plc : Canaccord Genuity cuts to sell from hold
* Implenia AG : Helvea raises to buy from accumulate
* Implenia AG : Helvea raises price target to sfr 58 from sfr 45
* Impregilo SpA : CA Cheuvreux cuts to underperform from outperform
* Koninklijke KPN NV : Barclays cuts to equal weight from overweight
* Koninklijke KPN NV : Barclays cuts price target to 3.80 euros from 7 euros
* KPN : HSBC cuts target price to 3.30 euros from 4 euros; rating underweight
* Kuka AG : Canaccord Genuity starts with buy rating; price target of 35 euros
* Lagardere SCA : S&P Capital IQ raises target price to 28 euros from 23 euros
* Loomis AB : UBS raises target price to sek 118 from sek 110; rating buy
* Lottomatica Group Spa : Natixis raises target price to 23 euros from 21 euros
* L'Oreal SA : Socgen cuts to hold from buy
* Lamprell Plc : Citigroup raises target price to 160p from 100p; rating neutral
* Mail Ru Group : HSBC cuts target price to $42.10 from $48.60; rating overweight
* Mail Ru Group : BofA Merrill cuts price objective to $42 from $46; rating buy
* Maisons France Confort MFC SA : Socgen cuts to hold from buy
* McBride Plc : Investec raises target price to 150p from 141p; rating buy
* Melexis NV : ING cuts to hold from buy
* Melexis NV : Natixis raises target price to 17 euros from 15 euros; rating buy
* Man Group Plc : BofA Merrill cuts price objective to 168p from 200p
* Mobistar SA : Barclays cuts target price to 20.50 euros from 27 euros
* Mobistar SA : Exane BNP Paribas cuts price target by 12 percent to 21 euros
* MTU Aero Engines : UBS ups price target to 72 euros from 66 euros
* National Grid Plc : HSBC cuts to neutral from overweight
* National Grid Plc : HSBC cuts price target to 780p from 790p
* OMV : Natixis raises target price to 32 euros from 28 euros; rating neutral
* Palfinger AG : Deutsche Bank raises price target to 20 euros from 16.50 euros
* Petrofac : Natixis raises target price to 2015p from 1935p; rating buy
* Playtech Ltd : Canaccord Genuity raises target price to 604p from 505p; rating buy
* Prudential Plc : Citigroup removes from citi focus list europe; rating buy
* Punch Taverns Plc : Barclays raises to equal weight from underweight
* Punch Taverns Plc : Barclays raises target price to 16.5p from 10p
* Randgold Resources : Citigroup cuts target price to 6600p from 6830p
* Reed Elsevier Plc : Deutsche Bank raises target price to 740p from 730p; rating buy
* Repsol SA : Natixis cuts target price to 16.8 euros from 17.2 euros
* RusPetro :RBC cuts to sector perform from outperform; target price to 60p from 125p
* RusPetro : BOFA Merrill cuts target price to 136p fro 285p; rating buy
* Ryanair Holdings : Nomura raises target price to 5.90 euros from 5.50 euros
* Saipem Spa : Natixis raises to neutral from reduce
* Saipem Spa : Natixis cuts target price to 22 euros from 24 euros
* SGS SA : Helvea raises target price to sfr 2450 from sfr 2250; rating accumulate
* Smiths Group Plc : HSBC starts with overweight rating; target price 1400p
* Smith & Nephew Plc : Investec cuts to add from buy
* Smith & Nephew Plc : Investec cuts target price to 755p from 730p
* Smurfit Kappa Group Plc : UBS raises target price to 11.50 euros from 9.60 euros
* Subsea 7 SA : Natixis cuts target price to nok 146 from nok 150; rating buy
* SuperGroup Plc : BofA Merrill raises price objective to 800p from 750p
* SuperGroup Plc : Panmure raises target price to 788p from 750p; rating buy
* Sulzer AG : Helvea raises target price to sfr 185 from sfr 168; rating accumulate
* Svenska Handelsbanken AB : SocGen raises target price to sek 245 from sek 230
* Svenska Handelsbanken AB : Nomura cuts target price to sek 255 from sek 260
* Swedish Match : Citigroup cuts to neutral from buy
* Swedish Match : Citigroup cuts target price to sek 246 from sek 280
* Swisscom : S&P Capital raises price target to Chf 420 from Chf 410; rating hold
* Syngenta AG : Citigroup raises target price to sfr 440 from sfr 400; rating buy
* Tele2 AB : Nomura cuts target price to sek 124 from sek 132; rating neutral
* Tele2 AB : JP Morgan cuts price target to pln 12.50 from pln 17; rating neutral
* Terna Rete Elettrica : Kepler ups target price to 3.5 euros from 3.4 euros
* Terna Rete Elettrica : Nomura raises target price to 3.45 euros from 3.30 euros
* Terna Rete Elettrica : Exane BNP Paribas raises to neutral from underperform
* Terna Rete Elettrica : Exane BNP Paribas raises by 10 pct to 3.25 euros
* Thomas Cook Group Plc : Credit Suisse raises price target to 93p from 36p
* Tieto Oyj : Exane BNP Paribas raises price target by 14 percent to 16 euros
* Tieto Oyj : UBS raises target price to 17.50 euros from 16.50 euros
* Tui Travel Plc : Barclays raises target price to 325p from 320p; rating overweight
* Tui Travel Plc : BofA Merrill raises price objective to 355p from 335p; rating buy
* Turk TeleKom : Barclays ups target price to tl 8.30 from tl 7.20
* Victrex Plc : N+1 singer raises to buy from hold
* Virgin Media : Barclays raises target price to 3050p from 2500p; rating overweight
* Virgin Media : Santo Investment Bank cuts to neutral from buy
* Volvo AB : Baird raises target price to sek 103 from sek 102; rating outperform
* Volvo AB : Deutsche Bank cuts to hold from buy
* WS Atkins Plc : JP Morgan raises price target to 893p from 859p; rating overweight
* Zurich Insurance Group AG : Citigroup cuts to neutral from buy
(Compiled by Neha Dimri; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters
Messaging: neha.dimri.thomsonreuters.com@reuters.net)
Keywords: RESEARCH EUROPE/