EUROPE RESEARCH ROUNDUP: Reckitt Benckiser, Smiths Group, Siemens
21/03/2013 13:27
March 21 - Securities analysts revised their ratings and price targets on several European
companies, including WS Atkins and Nestle, on Thursday.
HIGHLIGHTS
* WS Atkins : RBC raises target price to 900p from 750pŸ
* HeidelbergCement : Kepler cuts to hold from buy
* Siemens : Morgan Stanley raises to overweight from equal-weight
* 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
* A.G.Barr : Numis raises to add from hold
* A.G.Barr : Canaccord Genuity ups to buy from hold; target price to 570p from 490p
* Ageas : ING raises target price to 32.50 euros from 27.50 euros; rating buy
* Air Berlin : Commerzbank ups target price to 2.40 euros from 2 euros; rating hold
* Alliance Pharma : Investec raises to add from hold; target to 35.2p from 29.3p
* Amadeus Fire : DZ Bank raises to buy from hold
* Amadeus Fire : DZ Bank raises target price to 43 euros from 42.50 euros
* Anglo American : S&P Capital IQ cuts to sell from hold; target to 1640p from 2100p
* 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
* ASOS :Exane BNP Paribas raises target price to 4200p from 3100p; rating outperform
* Associated British Foods : Investec raises target to 1930p from 1400p; rating hold
* Autoneum Holding : Helvea ups target price to Sfr 60 from Sfr 50; rating neutral
* 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
* Banco Popular : Natixis starts with neutral rating; price target of 0.68 euro
* 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
* Caixabank : Natixis ups to buy from neutral; target to 3.15 euros from 2.75 euros
* 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
* Eurasian Natural Resources : UBS ups target to 320p from 270p; rating neutral
* 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
* Iliad :Exane BNP Paribas ups target to 175 euros from 155 euros;rating outperform
* Imerys :Exane BNP Paribas ups target to 57 euros from 56 euros;rating outperform
* ITE Group : Westhouse cuts to neutral from add
* Jarvis Securities : WH Ireland raises target price to 300p from 280p; rating buy
* 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
* Mecom Group : Canaccord Genuity cuts target price to 153p from 162p; rating buy
* Mersen : Kepler cuts target price to 24 euros from 25 euros; rating buy
* Mersen : Natixis cuts target price to 26 euros from 30 euros; rating buy
* Mersen :Exane BNP Paribas cuts target to 23 euros from 24 euros;rating outperform
* Millicom : Natixis starts with buy rating; price target of sek 627
* Nestle : Citigroup raises to buy from neutral; price target Sfr 77.50 from Sfr 68
* Next : S&P Capital IQ raises target price to 3700p from 3400p; rating strong sell
* OMV : Goldman Sachs cuts to sell from neutral
* Optos : Numis cuts to add from buy
* Petropavlovsk : Canaccord Genuity cuts target price to 590p from 800p; rating buy
* 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
* Premier Oil : Investec raises to buy from hold
* Premier Oil : Investec raises target price to 450p from 364p
* 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
* Rentokil Initial : Espirito raises traget price to 115p from 95p; rating buy
* Resolution : BofA Merrill adds to europe 1 list
* Ryanair : HSBC raises target price to 5 euros from 4.6 euros; rating underweight
* Secure Trust Bank : Canaccord ups to buy from hold;target to 1950p from 1700p
* Schoeller-Bleckmann : HSBC cuts to neutral from overweight
* Siemens : Morgan Stanley raises to overweight from equal-weight
* Siemens : Morgan Stanley raises price target to 99 euros from 90 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
* Societe BIC : Natixis ups to buy from neutral; target to 99 euros from 91 euros
* Societe Generale : Natixis raises to buy from neutral
* Sopheon : Finncap raises target price to 12p from 10p
* STMICROELECTRONICS : Citigroup ups target to 6.30 euros from 4.50 euros
* Ted Baker : Cantor raises target p