Europe Research Roundup: Adidas, Assa Abloy, Lindt & Spruengli

Is Gayrimenkul Yatirim Ortakligi

14/07/2014 16:16

July 14 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Bankinter, Technip and Bankinter, on Monday.  
     
    HIGHLIGHTS 
    * Adidas  ADSGn.DE : ESN/Equinet Bank raises to buy from accumulate 
    * Assa Abloy AB  ASSAb.ST : Nordea Equity Research raises to buy from hold 
    * Lindt & Spruengli  LISP.S : S&P Capital IQ raises target to Sfr 4800 from Sfr 4500; hold  
    * Technip  TECF.PA : Deutsche Bank raises to buy from hold rating 
    * Bankinter  BKT.MC : Nomura raises to neutral from reduce 
     
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
           
    * ABB  ABBN.VX : Vontobel cuts target price to Sfr 25.50 from Sfr 27; rating buy 
    * Abcam  ABCA.L : Numis cuts price target to 490p from 510p; rating buy  
    * Adidas  ADSGn.DE : ESN/Equinet Bank raises to buy from accumulate 
    * Adidas AG  ADSGn.DE : DZ Bank cuts target price to 88 euros from 90 euros; rating buy  
    * African Minerals  AMIq.L : Citigroup cuts target price to 110p from 190p; rating buy  
    * Aker Solutions  AKSO.OL : Deutsche Bank cuts target to Nok 95 from Nok 110; rating hold 
    * Alrosa  ALRS.MM : Deutsche Bank cuts to hold from buy rating 
    * Anglo American Plc  AAL.L : Investec cuts target price to 1630p from 1670p; rating hold  
    * Antofagasta  ANTO.L : Citigroup raises price target to 720p from 710p; rating sell 
    * ARM Holdings  ARM.L : Credit Suisse cuts target to 1125p from 1200p; rating outperform  
    * Ashmore Group  ASHM.L : RBC raises target price to 320p from 310p; rating underperform  
    * Assa Abloy AB  ASSAb.ST : Nordea Equity Research raises to buy from hold 
    * Assa Abloy AB  ASSAb.ST : Nordea Equity Research raises target to Sek 390 from Sek 370 
    * Astrazeneca PLC  AZN.L : Jefferies cuts price target to 4790p from 4850p; rating hold 
    * Bankinter  BKT.MC : Nomura raises to neutral from reduce  
    * Bankinter  BKT.MC : Nomura raises target price to 4.70 euros from 3.80 euros  
    * Booker Group  BOK.L : Exane raises target price to 110p from 100p; rating underperform 
    * Boliden AB  BOL.ST : Citigroup raises price target to Sek 104 from Sek 94; rating neutral 
    * Danone  DANO.PA : Helvea raises target price to 64 euros from 59 euros; rating buy 
    * DCC  DCC.L : JP Morgan raises target price to 3808p from 3424p; rating overweight 
    * Debenhams Plc  DEB.L : Numis raises to hold from reduce 
    * DS Smith  SMDS.L : Berenberg cuts target price to 350p from 400p; rating buy  
    * Erste Bank  ERST.VI : Wood And Co cuts target to 23.8 euros from 28.8 euros; rating buy 
    * Finmeccanica  SIFI.MI : Kepler raises target to 8.40 euros from 7.10 euros; rating buy  
    * First Quantum Minerals  FQM.L : Citigroup raises price target to 1200p from 950p; sell 
    * Ferrexpo  FXPO.L : Citigroup cuts price target to 190p from 210p; rating buy 
    * Fred Olsen Energy  FOE.OL : Danske Bank raises to buy from hold rating 
    * Genfit SA  GNFT.PA : Deutsche Bank starts with buy rating; target price 110 euros 
    * GlaxoSmithKline Plc  GSK.L : Jefferies cuts price target to 1460p from 1610p; rating hold 
    * Halfords Group Plc  HFD.L : Numis raises to add from hold 
    * Helvetia Holding AG  HELN.S : Berenberg raises to buy from hold 
    * Helvetia Holding AG  HELN.S : Berenberg raises price target to Sfr 500 from Sfr 470  
    * Home Retail  HOME.L : UBS raises target price to 240p from 230p; rating buy 
    * Inmarsat Plc  ISA.L : Oriel Securities starts with add rating 
    * IS REIT  ISGYO.IS : Renaissance Capital starts wth buy rating; price target Tl 2.17 
    * Italcementi  ITAI.MI : Jefferies cuts target to 10.50 euros from 13.80 euros; rating buy  
    * JCDecaux  JCDX.PA : Berenberg cuts target price to 34 euros from 37 euros; rating buy  
    * KBC Ancora CVA  KBCA.BR : Berenberg starts with buy; price target 32 euros 
    * Kuoni  KUNN.S : Credit Suisse cuts price target to Sfr 365 from Sfr 435; rating neutral  
    * Liberbank  LBK.MC : Nomura cuts to neutral from buy 
    * Liberbank  LBK.MC : Nomura cuts target price to 0.70 euros from 1.10 euros  
    * Lindt & Spruengli  LISP.S : S&P Capital IQ raises target to Sfr 4800 from Sfr 4500; hold  
    * Lundin Mining  LUMIsdb.ST : Citigroup raises target to Sek 40 from Sek 32.70; neutral 
    * Merck  MRCG.DE : Barclays cuts target price to 53 euros from 106 euros; rating underweight 
    * Net Entertainment  NETb.ST : Danske Bank raises to buy from hold 
    * Norilsk Nickel  NKELyq.L : Deutsche Bank raises target to $25.30 from $23.70; rating buy 
    * Norsk Hydro  NHY.OL : Citigroup raises price target to Nok 37 from Nok 32; rating neutral 
    * Novartis AG  NOVN.VX : Jefferies raises price target to Sfr 94 from Sfr 91; rating buy 
    * Novo Nordisk A/S  NOVOb.CO : Jefferies raises target to Dkk 270 from Dkk 260; rating hold 
    * RTL  RRTL.DE : Credit Suisse cuts to neutral from outperform 
    * RTL  RRTL.DE : Credit Suisse cuts target to 87 euros from 102 euros  
    * Saipem  SPMI.MI : Deutsche Bank cuts price target to 18 euros from 19 euros; rating hold 
    * Sanofi SA  SASY.PA : Jefferies cuts price target to 87 euros from 90 euros; rating buy 
    * Subsea 7  SUBC.OL : Deutsche Bank cuts price target to Nok 140 from Nok 145; rating buy 
    * Swatch Group  UHR.VX : Exane cuts target to Sfr 700 from Sfr 715; rating outperform 
    * Synthomer Plc  SYNTS.L : Numis raises to buy from add 
    * Synthomer Plc  SYNTS.L : Exane cuts target price to 225p from 235p; rating neutral 
    * Technip  TECF.PA : Deutsche Bank raises to buy from hold rating 
    * Technip  TECF.PA : Deutsche Bank raises price target to 92 euros from 88 euros 
    * Tele2  TEL2b.ST : Berenberg raises price target to Sek 87 from Sek 86; rating hold 
    * Telenor  TEL.OL : Berenberg raises target price to Nok 158 from Nok 156; rating buy 
    * Tesco  TSCO.L : Cantor raises to buy from sell rating; target price to 325p from 282p 
    * Tieto  TIE1V.HE : UBS raises target price to 23 euros from 21 euros; rating buy 
    * Valora  VALN.S : Credit Suisse cuts price target to Sfr 237 from Sfr 252; rating neutral 
    * Vedanta Resources  VED.L : Citigroup raises price target to 1140p from 1080p; neutral 
    * Verbund AG  VERB.VI : Credit Suisse cuts target to 11 euros from 11.20 euros; underperform 
    
 
 (Compiled by Fareha Khan and Jai Ganesh in Bangalore) 
 ((fareha.khan@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
1130)(Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/