EUROPE RESEARCH ROUNDUP: Munich Re, Volkswagen, ABB, Munich Re

Krka dd Novo Mesto

15/03/2013 14:29

March 15 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including ARM Holdings, Carrefour, and Subsea 7, on Friday.  
     
    HIGHLIGHTS 
    * Munich Re   : Nomura raises target to 140 euros from 128 euros; rating reduce 
    * Volkswagen   : SocGen cuts target price to 200 euros from 215 euros; rating buy 
    * ABB Ltd   : Berenberg raises to buy from hold    
    * ARM Holdings   : Jefferies raises to buy from hold  
    * Carrefour SA   : Morgan Stanley removes from Europe best ideas 
         
Following is a summary of research actions on European companies reported by Reuters on Friday. 
Stock entries are in alphabetical order. 
     
    * ABB Ltd   : Berenberg raises to buy from hold 
    * ABB Ltd   : Berenberg raises target price to Sfr 24.50 from Sfr 21 
    * Adecco SA   : Kepler raises target price to Sfr 60 from Sfr 52; rating buy 
    * Aggreko   : Deutsche Bank raises to buy from hold 
    * Aggreko   : Deutsche Bank raises target price to 2250p from from 1813p 
    * Altran Technologies   : SocGen cuts target to 8 euros from 9 euros; rating buy 
    * Anglo American   : Morgan Stanley raises target price to 2080p from 1970p 
    * Ansaldo STS SpA   : Natixis raises to buy from neutral 
    * Antofagasta PLC   : Canaccord Genuity raises target price to 1200p from 1175p 
    * ARM Holdings   : Jefferies raises to buy from hold 
    * ARM Holdings   : Jefferies raises target price to 1300p from 805p 
    * Banca Popolare Emilia   : Exane raises target price to 8.3 euros from 7.9 euros 
    * Barratt Developments   : Citigroup raises target price to 245p from 230p 
    * Bayer   : JP Morgan raises target price to 95 euros from 85 euros 
    * Berkeley Group   : Citigroup raises target price to 1985p from 1815p; rating neutral 
    * Betfair Group   : Nomura cuts to neutral from buy; price target to 766p from 890p 
    * Boiron   : SocGen raises target price to 43 euros from 39 euros; rating buy 
    * Bwin.Party Digital   : Deutsche Bank raises target price to 200p from 195p 
    * Cap Gemini   : UBS raises price target to 45 euros from 44 euros; rating buy 
    * Carrefour SA   : Morgan Stanley removes from Europe best ideas 
    * Commerzbank AG   : JP Morgan cuts target price to 1.02 euros from 1.50 euros 
    * Dassault Aviation   : Natixis raises target price to 1000 euros from 807 euros 
    * Deutsche Lufthansa   : Credit Suisse ups target to 19.6 euros from 18.05 euros 
    * Deutsche Lufthansa   : Natixis raises target price to 17.5 euros from 16 euros 
    * DIC Asset   : DZ Bank raises fair value to 12 euros from 10.60 euros; rating buy 
    * Draegerwerk   : Deutsche Bank raises target price to 115 euros from 100 euros 
    * Enel   : Deutsche Bank cuts target price to 2.8 euros from 3.3 euros; rating hold 
    * Eni SpA   : Natixis raises target price to 19.5 euros from 18 euros; rating neutral 
    * Eutelsat   : Jefferies raises target price to 31 euros from 30 euros; rating buy 
    * Ferrexpo PLC   : Natixis cuts to reduce from neutral; target price to 165p from 210p 
    * First Quantum Minerals   : Exane BNP Paribas raises target price to 1500p from 1450p 
    * Forbo Holding   : Helvea raises target price to Sfr 650 from Sfr 550; rating neutral 
    * F&C Asset Management   : JP Morgan raises target price to 151p from 143p 
    * FdR   : Morgan Stanley raises target by 8 percent to 64 euros; rating equal weight 
    * Fenner Plc   : Credit Suisse raises target price to 415p from 400p  
    * Fraport   : UBS cuts price target to 46 euros from 46.50 euros 
    * Gecina   : Morgan Stanley raises target by 7 percent to 93 euros; rating overweight 
    * Gemalto   : Exane BNP Paribas cuts target price to 67 euros from 70 euros 
    * GKN Plc   : Credit Suisse raises target price to 315p from 255p  
    * GlaxoSmithKline   : JP Morgan raises target price to 1550p from 1460p 
    * Gruppo MutuiOnline   : Deutsche Bank cuts target price to 4.5 eurso from 5 euros 
    * Halma   : Credit Suisse raises target price to 560p from 510p  
    * HeidelbergCement   : Citigroup raises target price to 61 euros from 57 euros 
    * Hikma Pharmaceuticals   : Jefferies raises target to 1150p from 900p; rating buy 
    * HeidelbergCement   : UBS raises price target to 55 euros from 48 euros 
    * Home Retail Group   : Nomura raises to neutral from reduce; target to 148p from 93p 
    * Home Retail Group   : SocGen raises target price to 158p from 152p; rating hold 
    * Home Retail Group   : Citigroup raises target price to 105p from 90p; rating sell 
    * Homeserve   : Jefferies raises to buy from hold; price target to 250p from 225p 
    * IAG   : Morgan Stanley raises to overweight from equal-weight 
    * IAG   : Morgan Stanley raises target price to 4 euros from 2.40 euros 
    * IAG   : Morgan Stanley adds to Europe best ideas  
    * Icade   : Morgan Stanley raises target by 1 pct to 70 euros; rating equal weight 
    * Inficon   : UBS raises price target to Sfr 290 from Sfr 270; rating buy 
    * International Personal Finance   : RBC raises to outperform from sector perform 
    * International Personal Finance   : RBC raises target price to 540p from 360p 
    * International Personal   : Canaccord Genuity raises target price to 530p from 450p 
    * Intesa Sanpaolo   : Berenberg cuts target to 1.10 euros from 1.50 euros; rating hold 
    * K+S   : BMO raises price target to 36 euros from 34 euros ; rating market perform 
    * Krka dd   : Jefferies cuts target price to 51 euros from 52 euros; rating hold 
    * LEG Immobilien   : Berenberg starts with buy rating; price target of 46.50 euros 
    * Legal & General   : Berenberg Bank raises target price to 200p from 170p; rating buy 
    * Melrose Industries Plc MRON.L: Credit Suisse raises target price to 275p from 245p  
    * Mercialys SA   : Berenberg Bank raises target price to 19.50 euros from 19 euros 
    * Munich Re   : Nomura raises target to 140 euros from 128 euros; rating reduce 
    * Munich Re   : UBS raises target price to 158 euros from 145 euros; rating buy 
    * Munich Re   : JP Morgan raises target price to 167 euros from 150 euros 
    * Northgate   : UBS cuts target price to 320p from 330p; rating neutral 
    * Novartis   : JP Morgan raises to overweight from neutral 
    * Novartis   : JP Morgan raises target price Sfr 78 from Sfr 62.70 
    * Ocado Group   : Exane BNP Paribas raises target price to 225p from 145p 
    * Paragon Group   : RBC raises target price to 370p from 300p; rating sector perform 
    * Patrizia Immobilien   : Berenberg Bank raises target to 8.50 euros from 7.40 euros 
    * Petropavlovsk   : Citigroup cuts target price to 274p from 377p; rating neutral 
    * Provident Financial   : RBC cuts to sector perform from outperform  
    * Provident Financial   : RBC raises target price to 1700p from 1600p 
    * Redrow   : Citigroup raises to buy from neutral; target price to 195p