Europe Research Roundup: RWE, EDP, Heineken, GlaxoSmithKline
11/09/2014 16:31
Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Enel, Sanofi and TUI Travel, on Thursday.
HIGHLIGHTS
* European Utilities: RBC raises RWE RWEG.DE to outperform ID:nWNAB04PGS
* Pharmaceuticals: Berenberg cuts Sanofi SASY.PA to hold ID:nWNAB04PFO
* Heineken HEIN.AS : ESN/SNS Securities cuts to hold from buy rating
* TUI Travel TT.L : Credit Suisse raises to outperform from neutral
* London Stock Exchange LSE.L : Numis cuts to hold from add
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Abcam ABCA.L : N+1 Singer raises to hold
* Admiral Group PLC ADML.L : Numis raises to buy from add
* Admiral Group PLC ADML.L : Numis cuts price target by 90p to 1630p
* Advanced Medical AMSU.L : Canaccord Genuity raises target to 112p from 101p; rating hold
* Ashmore Group ASHM.L : Canaccord Genuity cuts to sell from hold; target to 300p from 360p
* Barratt Developments BDEV.L : Deutsche Bank raises target price to 506p from 475p; buy
* Bayer AG BAYGn.DE : Berenberg raises price target to 122 euros from 118 euros; rating buy
* Befimmo BEFB.BR : ESN/Bank Degroof raises target price to 59 euros from 54 euros; hold
* Big Yellow BYG.L : Goldman Sachs raises price target to 665p
* Bilfinger GBFG.DE : S&P Capital cuts target price to 52 euros from 56 euros; rating hold
* Bwin.Party BPTY.L : Morgan Stanley raises to equal weight from underweight
* Bwin.Party BPTY.L : Morgan Stanley cuts price target to 100p from 105p
* Capita Plc CPI.L : RBC raises target price to 1000p from 970p; rating underperform
* Centrica CNA.L : RBC cuts to underperform from sector perform; price target to 310p
* Dechra Pharmaceuticals DECP.L : N+1 Singer cuts to hold from buy
* Dechra Pharmaceuticals DECP.L : N+1 Singer raises target price to 783p from 760p
* Det Norske DETNOR.OL : Swedbank cuts target price to Nok 100 from Nok 105; rating buy
* Direct Line DLGD.L : Numis cuts to hold from add
* E.ON SE EONGn.DE : RBC raises target price to 17 euros from 15 euros; rating outperform
* Edenred EDEN.PA : Berenberg starts with sell rating; price target 17 euros
* EDP EDP.LS : RBC cuts to underperform from sector perform; raises target to 3.50 euros
* EMIS EMISG.L : Panmure raises target price to 872p from 858p
* Enagas ENAG.MC : RBC cuts to sector perform from outperform
* Enagas ENAG.MC : RBC raises target price to 27 euros from 22 euros
* Endesa ELE.MC : RBC cuts to underperform from sector perform; price target to 26 euros
* Enel ENEI.MI : S&P Capital IQ raises to buy from hold
* Enel ENEI.MI : RBC raises to sector perform from underperform
* Enel ENEI.MI : RBC raises target price to 4.50 euros from 4.25 euros
* Espirito Santo Saude ESSS.LS :Credit Suisse ups target to 4.50euros from 4.35euros;neutral
* Gameloft SE GLFT.PA : Natixis cuts target price to 4.4 euros from 5.1 euros; reduce
* Gameloft SE GLFT.PA : Benchmark ups target price to 6.89 euros from 6.86 euros; buy
* Gamesa MGAM.MC>: ESN/Beka Finance raises target price to 10.30 euros from 10 euros; hold
* Gas Natural GAS.MC : RBC cuts to sector perform from outperform
* Gas Natural GAS.MC : RBC raises target price to 26 euros from 22 euros
* GDF Suez GSZ.PA : RBC raises target price to 23 euros from 20.50 euros; rating outperform
* GlaxoSmithKline GSK.L : Berenberg raises price target to 1575p from 1520p; rating hold
* Hawesko HAWG.DE : Berenberg cuts price target to 40 euros from 42 euros; rating hold
* Heineken HEIN.AS : ESN/SNS Securities cuts to hold from buy rating
* Hilton Food HFG.L : Numis raises to buy from hold rating; cuts target to 450p from 592p
* Iberdrola IBE.MC : RBC raises price target to 5.50 euros from 4.80 euros
* Iliad ILD.PA : SocGen cuts target price to 200 euros from 237 euros; rating buy
* Informa INF.L : Panmure re-introduces buy rating; target price 620p
* International Personal Finance IPF.L : RBC cuts to underperform from sector perform
* International Personal Finance IPF.L : RBC cuts target price to 475p from 640p
* Ipsos SA ISOS.PA : Natixis cuts price target to 25.5 euros from 27 euros; rating reduce
* ITV Plc ITV.L : Credit Suisse raises target price to 270p from 250p; rating outperform
* K&S AG SDFGn.DE : Credit Suisse starts with underperform rating; target price of 20 euros
* KEFI Minerals KEFI.L : Finncap raises target price to 5.7p from 5.6p
* Kingfisher Plc KGF.L : Deutsche Bank cuts target price to 415p from 430p; rating buy
* Lanson BCC LAN.PA : Barclays cuts target price to 36 euros from 38.50 euros; equal weight
* London Stock Exchange LSE.L : Numis cuts to hold from add
* M&C Saatchi SAA.L : Numis raises target price to 380p from 369p; rating buy
* Moncler MONC.MI : UBS raises to buy from neutral; target to 14 euros from 12.3 euros
* National Grid NG.L : RBC cuts to sector perform from outperform
* Novartis AG NOVN.VX : Berenberg raises price target to Sfr 94 from Sfr 82; rating buy
* Novo Nordisk NOVOb.CO : Berenberg raises target to Dkk 237 from Dkk 215; rating hold
* Nyrstar NYR.BR : ESN/Bank Degroof cuts target price to 2.55 euros from 3.40 euros; hold
* Nyrstar NYR.BR : Morgan Stanley raises to equal weight from underweight
* Nyrstar NYR.BR : Morgan Stanley raises price target to 2.90 euros from 2.60 euros
* Orange SA ORAN.PA : JP Morgan raises to overweight from neutral rating
* Orange SA ORAN.PA : JP Morgan raises target price to 12.70 euros from 12.10 euros
* Partners Group PGHN.S : Morgan Stanley ups target to Sfr 262 from Sfr 250; equal weight
* PGS PGS.OL : Canaccord Genuity raises to buy rating
* Provident Financial Plc PFG.L : RBC raises to sector perform from underperform rating
* Provident Financial Plc PFG.L : RBC raises target price to 2225p from 2125p
* PSI PSAGn.DE : Berenberg cuts price target to 13.50 euros from 14 euros; rating buy
* Red Electrica REE.MC : RBC raises price target to 68 euros from 56 euros
* Restore RSTP.L : N+1 Singer cuts to hold from buy
* Roche ROG.VX : Berenberg raises price target to Sfr 293 from Sfr 273; rating buy
* RWE RWEG.DE : RBC ups to outperform from sector perform; target to 35 euros from 27 euros
* Sanofi SASY.PA : Berenberg cuts to hold from buy; raises target to 89 euros from 84 euros
* Snam SRG.MI : RBC raises target price to 5 euros from 4.75 euros; rating outperform
* SSE SSE.L : RBC raises target price to 1580p from 1500p; rating sector perform
* Telefonica Deutschland O2Dn.DE : DZ Bank cuts to hold from buy
* Telefonica Deutschland O2Dn.DE : DZ Bank cuts target to 4.40 euros from 5.14 euros adj.
* Terna TRN.MI : RBC cuts to underperform from sector perform rating
* TF1 TFFP.PA : Credit Suisse cuts target to 10 euros from 10.50 euros; rating underperform
* Tryg A/S TRYG.CO : Goldman Sachs raises to buy from neutral; adds to Conviction Buy List
* TUI Travel Plc TT.L : Credit Suisse raises to outperform from neutral
* TUI Travel Plc TT.L : Credit Suisse raises price target to 489p from 420p
* Veolia Environnement VIE.PA : RBC cuts to sector perform from outperform
* voestalpine VOES.VI : Helvea Baader Bank raises to buy from hold
* voestalpine VOES.VI : Helvea Baader Bank raises target price to 44 euros from 35 euros
* Wirecard WDIG.DE : Nomura starts with buy rating; 34 euros target price
* Yara International YAR.OL : Credit Suisse starts with neutral; target price of Nok 320
(Compiled by Fareha Khan and Geetha Panchaksharam 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/