EUROPE RESEARCH ROUNDUP: Akzo Nobel, Bayer AG, CRH, Swedbank
29/01/2014 14:09
Jan 29 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Akzo Nobel, Bayer AG, CRH, Swedbank, on Wednesday.
HIGHLIGHTS
* Akzo Nobel AKZO.AS : S&P Capital IQ raises to buy from hold
* Getinge GETIb.ST : Handelsbanken cuts to reduce from accumulate; UBS raises price target
* Bayer AG BAYGn.DE : Berenberg raises to buy from hold; Citigroup raises target price
* CRH CRH.I : JP Morgan ups to overweight from neutral;Deutsche Bank cuts to hold from buy
* Swedbank SWEDa.ST : Berenberg, SocGen and UBS raise price target on stock
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* AAK AAK.ST : SEB Equity Research cuts to hold from buy
* AB SKF SKFb.ST : Citigroup raises to neutral; ups target price to Sek 182 from Sek 140
* AB SKF SKFb.ST : Credit Suisse raises price target to Sek 155 from Sek 155; underperform
* Afren AFRE.L : Deutsche Bank raises target price to 185p from 180p; rating hold
* Akzo Nobel AKZO.AS : S&P Capital IQ raises target price to 61 euros from 55 euros
* Akzo Nobel AKZO.AS : S&P Capital IQ raises to buy from hold
* Allreal Holding AG ALLN.S : UBS raises to buy from neutral; target to Sfr 135 from 130
* Amer Sports Oyj AMEAS.HE : ESN/Pohjola ups target to 17 euros from 16 euros; accumulate
* Arkema SA AKE.PA : Goldman Sachs adds to conviction list buy from neutral
* Bayer AG BAYGn.DE : Berenberg raises price target to 110 euros from 101 euros
* Bayer AG BAYGn.DE : Berenberg raises to buy from hold
* Bayer AG BAYGn.DE : Citigroup raises target to 110 euros from 98.06 euros; rating buy
* Buzzi Unicem BZU.MI : JP Morgan cuts to underweight from neutral
* CapMan CPMBV.HE : ESN/Pohjola raises price target to 1.25 euros from 1.15 euros; hold
* Carpetright PLC CATVU.L : Deutsche Bank cuts target price to 545p from 565p; rating hold
* Caverion Oyj CAV1V.HE : ESN/Pohjola raises to accumulate from hold
* Cegedim CGDM.PA : Natixis raises target price to 23 euros from 20 euros; rating neutral
* Central Asia Metals CAML.L : Investec raises target price to 230p From 214p; rating buy
* Corio COR.AS : Deutsche Bank cuts to sell from hold
* CRH CRH.I : Deutsche Bank cuts to hold from buy on valuation
* CRH CRH.I : JP Morgan raises price target to 22 euros from 17 euros
* CRH CRH.I : JP Morgan raises to overweight from neutral
* Derwent London DLN.L : Deutsche Bank cuts to sell from hold
* Deutsche Euroshop DEQGn.DE : UBS cuts to sell from neutral; target to 30 euros from 31
* Eckert & Ziegler EUZG.DE : DZ Bank cuts to hold from buy; target to 26 euros from 33 eur
* Enagas ENAG.MC : Morgan Stanley ups to overweight from equal weight; target to 24 euros
* Enterprise Inns ETI.L : Numis cuts to hold from add; target price of 170P
* Fusionex International FXIF.L : Panmure raises target to 586p from 541p; rating buy
* Galapagos GLPG.BR : UBS starts with buy; price target 21 euros
* Gameloft SE GLFT.PA : Natixis cuts target to 6.50 euros from 6.80 euros; rating reduce
* Gazprom SIBN.MM : Deutsche Bank raises to buy from hold
* Getinge GETIb.ST : UBS raises price target to Sek 230 from Sek 200; rating neutral
* Getinge GETIb.ST : Handelsbanken cuts to reduce from accumulate
* Haulotte Group PYHE.PA : Natixis raises target to 14 euros from 12 euros; rating buy
* Heidelbergcement HEIG.DE : JP Morgan ups target to 76 euros from 61 euros; overweight
* Holcim HOLN.VX : JP Morgan raises price target to Sfr 71 from Sfr 58
* Holcim HOLN.VX : JP Morgan raises to neutral from underweight
* Howden Joinery Group HWDN.L : Berenberg starts with buy; price target 390p
* Icade SA ICAD.PA : UBS raises to buy from neutral; target to 72 euros from 69 euros
* Iliad SA ILD.PA : Credit Suisse ups target to 145 euros from 129 euros; rating neutral
* Intershop Holding IS.S : UBS cuts target price to Sfr 310 from Sfr 330
* Intershop Holding IS.S : UBS cuts to sell from neutral
* Intu Properties INTUP.L : UBS raises to buy from neutral; target price to 360p from 345p
* Italcementi ITAI.MI : JP Morgan raises price target to 7 euros from 5 euros
* Italcementi ITAI.MI : JP Morgan raises to neutral from underweight
* J Sainsbury SBRY.L : S&P Capital IQ raises to hold from sell
* Johnson Matthey Plc JMAT.L : Goldman Sachs cuts to neutral from buy
* Kaufman & Broad KOF.PA : SocGen raises target to 22 euros from 21 euros; rating buy
* KPN KPN.AS : UBS raises price target to 3.10 euros from 2.80 euros; rating buy
* Kuehne & Nagel KNIN.VX : Davy raises to outperform from underperform rating
* Ladbrokes PLC LAD.L : Investec raises to hold from sell
* Lafarge LAFP.PA : JP Morgan raises price target to 68 euros from 48 euros
* Lafarge LAFP.PA : JP Morgan raises to overweight from neutral
* Laird PLC LRD.L : Liberum raises target price to 330p from 290p; rating buy
* Lonmin PLC LMI.L : Panmure cuts target price to 420p from 555p; rating buy
* Merlin Entertainments MERL.L : Jefferies starts with buy
* MLP AG MLPG.DE : ESN/Equinet raises target to 6.70 euros from 5.30 euros; accumulate
* MLP AG MLPG.DE : ESN/Equinet raises target to 6.70 euros from 5.30 euros; accumulate
* Next Radio TV NXTV.PA : ESN/CM CIC Securities ups target to 25 euros from 20 euros; buy
* Novatek NVTKq.L : Deutsche Bank raises to buy from hold
* Philips PHG.AS : SocGen cuts price target to 27 euros from 28 euros; rating hold
* PSP Swiss Property PSPN.S : Berenberg raises price target to Sfr 90 from Sfr 86
* PSP Swiss Property PSPN.S : Berenberg raises to buy from hold
* Publicis Groupe PUBP.PA : Liberum raises target to 75 euros from 66 euros; rating buy
* Romgaz ROSNG.BX : Erste Group starts with buy
* Saint Gobain SGOB.PA : JP Morgan cuts to neutral from overweight
* Saint Gobain SGOB.PA : JP Morgan raises price target to 42 euros from 40 euros
* Salvatore Ferragamo SFER.MI : SocGen cuts target to 21.5 euros from 22.5 euros; sell
* Seche Environnement SA CCHE.PA : Natixis ups target to 31 euros from 28 euros; neutral
* Servoca SVCA.L : Finncap raises target price to 13.50p
* Siemens AG SIEGn.DE : Credit Suisse ups target to 112 euros from 105 euros; outperform
* SKF SKFb.ST : Morgan Stanley ups target to Sek 172 from Sek 167; rating equal weight
* SKF SKFb.ST : S&P Capital IQ raises to hold from sell; target to sek 185 from sek 165
* Smith & Nephew SN.L : Berenberg raises price target to 920p from 810p; rating hold
* Software AG SOWG.DE : Natixis raises target to 30 euros from 28.5 euros; rating neutral
* Solvay SOLB.BR : S&P Capital IQ raises price target to 106 euros from 101 euros
* Solvay SOLB.BR : S&P Capital IQ raises to hold from sell
* Solvay SA SOLB.BR : Goldman Sachs reinstates with neutral
* Standard Life SL.L : JP Morgan cuts price target to 427p from 430p; rating overweight
* Swedbank SWEDa.ST : Berenberg raises price target to Sek 185 from Sek 165; rating buy
* Swedbank SWEDa.ST : SocGen raises price target to Sek 170 from Sek 160; rating hold
* Swedbank SWEDa.ST : UBS raises target price to Sek 210 from Sek 201; rating buy
* Swisscom SCMN.VX : UBS raises target price to Sfr 490 from Sfr 470; rating neutral
* Swisscom SCMN.VX : Deutsche Bank raises target price to Sfr 520 from Sfr 511; buy
* Syngenta SYNN.VX : Morgan Stanley cuts target to Sfr 350 from Sfr 365; equal weight
* Tele2 AB TEL2B.ST : Credit Suisse cuts target to Sek 85 from Sek 100; rating outperform
* Telekom Austria AG TELA.VI : Deutsche Bank raises target price to 6.9 euros
* Telenor ASA TEL.OL : Credit Suisse raises target to Nok 140 from Nok 130; rating neutral
* Telenor ASA TEL.OL : Nomura cuts target price to Nok 128 from Nok 134; rating reduce
* Teliasonera AB TLSN.ST : Credit Suisse ups target to Sek 50 from Sek 45; rating neutral
* Topps Tiles TPT.L : Cantor Fitzgerald raises to hold from sell; target to 135p from 100p
* Umi UMI.BR : Goldman Sachs cuts to sell from neutral
* Vernalis VER.L : N+1 Singer starts with buy rating
* Wereldhave NV WEHA.AS : UBS raises to buy from neutral; target to 62 euros from 51 euros
* Wolseley WOS.L : JP Morgan raises price target to 3800p from 3550p; rating overweight
(Compiled by Archana Lakshmi Narasiah and Fareha Khan in Bangalore)
((archana.narasiah@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6677
1190)(Reuters messaging:archana.narasiah.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/