Europe Research Roundup: BMW, Alfa Laval, Deutsche Post, Neste Oil
06/08/2014 16:23
Aug 6 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including BMW, Deutsche Post and Meggitt Plc, on Wednesday.
HIGHLIGHTS
* BMW BMWG.DE : SocGen, Natixis, S&P Capital IQ raise target price on the stock
* Alfa Laval ALFA.ST : Commerzbank ups to hold from reduce; target to Sek 150 from Sek 140
* Deutsche Post DPWGn.DE : DZ Bank, Berenberg, Credit Suisse cut target price
* Meggitt Plc MGGT.L : SocGen, Investec downgrade the stock
* Bank Pekao PEO.WA : SocGen raises to hold from sell
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Aegon NV AEGN.AS : Jefferies starts with hold rating; target price of 6.60 euros
* Aggreko Plc AGGK.L : Berenberg raises price target to 1600p from 1500p; rating hold
* Aggreko Plc AGGK.L : Jefferies raises target price to 2000p from 1800p; rating buy
* Aggreko Plc AGGK.L : S&P Capital IQ raises target price to 1600p from 1471p; rating sell
* Aktia AKTRV.HE : ESN/Pohjola raises to to buy from accumulate rating
* Aktia AKTRV.HE : ESN/Pohjola raises target price to 11.50 euros from 11 euros
* Alfa Laval ALFA.ST : Commerzbank ups to hold from reduce; target to Sek 150 from Sek 140
* Allianz SE ALVG.DE : Jefferies starts with hold rating; target price of 132.50 euros
* Ambu AMBUb.CO : Danske Bank raises target price to Dkk 425 from Dkk 384; rating hold
* Arseus NV RCUS.BR : Jefferies raises target price to 51 euros from 45 euros; rating buy
* Atos SE ATOS.PA : Barclays starts with overweight; price target 75 euros
* Aviva Plc AV.L : Jefferies starts with buy rating; target price of 584p
* Avingtrans Plc AVG.L : Finncap cuts to hold from buy
* Avon Rubber Plc AVON.L : Investec raises price target to 700p from 680p; rating add
* AXA SA AXAF.PA : Jefferies starts with buy rating; target price of 21.40 euros
* Axel Springer SE SPRGn.DE : Berenberg raises target to 42.50 euros from 42 euros; hold
* Bang & Olufsen A/S BO.CO : Nordea Equity Research ups target to Dkk 58 from Dkk 53; sell
* Bank Pekao PEO.WA : SocGen raises to hold from sell
* Baloise Holding AG BALN.VX : Berenberg raises target to Sfr 127 from Sfr 123; rating buy
* Barclays BARC.L : Exane BNP Paribas raises price target to 245p from 225p; rating neutral
* Belimo BEAN.S : UBS cuts price target to sfr 2400 from sfr 2450; rating neutral
* Bilfinger SE GBFG.DE : Dutsche Bank cuts price target to 59 euros from 86 euros
* Bilfinger SE GBFG.DE : DZ Bank cuts to hold from buy
* Bilfinger SE GBFG.DE : DZ Bank cuts target price to 55.00 euros from 80.00 euros
* BMW BMWG.DE : S&P Capital IQ raises to buy from hold
* BMW BMWG.DE : S&P Capital IQ raises target price to 102 euros from 90 euros
* BMW BMWG.DE : SocGen raises price target to 108 euros from 102 euros; rating buy
* BMW BMWG.DE : Natixis raises target price to 90 euros from 85 euros; rating neutral
* Bravofly SA BRGF.S : Credit Suisse cuts target to Sfr 23.50 from Sfr 43; rating neutral
* Braas Monier BMSA.DE : Berenberg starts with buy; target price of 25 euros
* Braas Monier BMSA.DE : UBS cuts price target to 26 euros from 27 euros; rating buy
* Campari CPRI.MI : Deutsche Bank raises price target to 6.20 euros from 5.60 euros
* Coface SA COFA.PA : JP Morgan starts with overweight rating; target price of 13.32 euros
* Coface SA COFA.PA : Morgan Stanley starts with overweight; price target 12.50 euros
* Credit Agricole SA CAGR.PA : Natixis raises price target to 14 euros from 13.6 euros; buy
* Credit Agricole SA CAGR.PA : Deutsche Bank raises to buy from hold
* Credit Agricole SA CAGR.PA : Deutsche Bank raises target to 13 euros from 11.80 euros
* Credit Agricole SA CAGR.PA : Exane BNP Paribas raises to outperform from neutral
* Deutsche Post DPWGn.DE : Commerzbank raises to hold from reduce
* Deutsche Post DPWGn.DE : DZ Bank cuts target to 28 euros from 31.50 euros; rating buy
* Deutsche Post DPWGn.DE : Berenberg cuts target to 25 euros from 26 euros; rating hold
* Deutsche Post DPWGn.DE : Credit Suisse cuts target price to 27.96 euros from 31.85 euros
* Diageo Plc DGE.L : RBC cuts target price by 100p to 1500p; rating underperform
* Eckert & Ziegler EUZG.DE : DZ Bank cuts target to 24 euros from 26 euros; rating hold
* Facc AG FACC.VI : Morgan Stanley starts with equal-weight rating; target price of 9 euros
* Ferrexpo Plc FXPO.L : Numis cuts target price to 140p from 170p; rating hold
* FinecoBank Banca FBK.MI : UBS starts with neutral; price target 4.1 euros
* Fresnillo FRES.L : Credit Suisse raises to neutral from underperform; ups target to 900p
* Fresnillo FRES.L : Deutsche Bank cuts price target to 860p from 890p
* Fresnillo FRES.L : RBC cuts to sector perform from outperform rating
* Fresnillo FRES.L : RBC cuts target price to 950p from 1000p
* Genel Energy Plc GENL.L : Deutsche Bank cuts price target to 1350p from 1375p
* Genel Energy Plc GENL.L : UBS cuts price target to 1075p from 1100p; rating neutral
* Generali GASI.MI : Jefferies starts with hold rating; target price of 16.10 euros
* Grand City Properties GYC.DE : ESN/Equinet Bank starts with accumulate;target 10.80 euros
* Holcim Ltd HOLN.VX : Berenberg cuts target price to Sfr 76 from Sfr 79; rating hold
* Holcim Ltd HOLN.VX : Bryan Gariner cuts price target to Sfr 89 from Sfr 97; rating buy
* Ingenico SA INGC.PA : Berenberg raises target to 58 euros from 40 euros; rating sell
* Inmarsat Plc ISA.L : Berenberg cuts price target to 725p from 735p; rating hold
* Interserve Plc IRV.L : Numis cuts to add from buy
* Jenoptik AG JENG.DE : Commerzbank cuts target price to 12 euros from 14 euros; rating add
* K&S AG SDFGn.DE : Berenberg raises target price to 18 euros from 16 euros; rating sell
* KPN KPN.AS : Jefferies cuts target price to 3.10 euros from 3.23 euros; rating buy
* Kudelski SA KUD.S : Credit Suisse raises target to Sfr 13.20 from Sfr 12.40; neutral
* Lloyds Banking LLOY.L : Exane BNP Paribas cuts price target to 115p from 120p; outperform
* Lundin Petroleum AB LUPE.ST : Swedbank raises to strong buy from buy
* Man Group Plc EMG.L : SocGen raises price target to 116p from 94p; rating hold
* Meggitt Plc MGGT.L : SocGen cuts to sell from hold; target price to 435p from 530p
* Meggitt Plc MGGT.L : Investec cuts to hold from add
* Meggitt Plc MGGT.L : Investec cuts price target to 480p from 530p
* Meggitt Plc MGGT.L : RBC cuts target price to 560p from 580p; rating outperform
* Meggitt Plc MGGT.L : Cantor cuts price target to 530p from 590p; rating buy
* Meggitt Plc MGGT.L : Deutsche Bank cuts target price to 440p from 475p; rating hold
* Meggitt Plc MGGT.L : UBS cuts target price to 470p from 505p; rating neutral
* Neste Oil NES1V.HE : ESN/Pohjola cuts to accumulate from buy rating
* Neste Oil NES1V.HE : ESN/Pohjola cuts target price to 16 euros from 17 euros
* Osram Licht OSRn.DE : Morgan Stanley cuts target to 34.50euros from 38euros; equal-weight
* Osram Licht OSRn.DE : Commerzbank cuts price target to 48 euros from 55 euros; rating buy
* Pfeiffer Vacuum PV.DE :Exane BNP Paribas cuts target to 84 euros from 93 euros;outperform
* PKP Cargo SA PKPP.WA : ING starts with buy rating; target price of Pln 85
* Prudential Plc PRU.L : Jefferies starts with buy rating; target price of 1577p
* Premier Foods Plc PFD.L : Jefferies cuts target price to 80p from 90p; rating buy
* Rexam Plc REX.L : Credit Suisse raises target price to 545p from 540p; rating neutral
* Rio Tinto Plc RIO.L : Goldman Sachs raises price target to 2550p from 2520p; rating sell
* Rotork Plc ROR.L : UBS raises target price to 2750p from 2650p; rating neutral
* Rotork Plc ROR.L : RBC raises target price to 2950p from 2800p; rating sector perform
* Royal Bank Of Scotland RBS.L : Exane BNP Paribas raises to neutral from underpeform
* Royal Bank Of Scotland RBS.L : Exane BNP Paribas raises target price to 370p from 330p
* Sabaf SABF.MI : ESN/Banca Akros cuts target price to 13 euros from 15.30 euros; hold
* Saint Gobain SA SGOB.PA : Bernstein cuts target to 48 euros from 49 euros; outperform
* Saipem SPA SPMI.MI : Canaccord Genuity raises to hold from sell
* Salini Impregilo SALI.MI : ESN/Banca Akros cuts target to 4.50 euros from 5.10 euros; buy
* Saras SPA SRS.MI : SocGen cuts to sell from hold
* Saras SPA SRS.MI : SocGen cuts price target to 0.65 euros from 0.98 euros
* Scandi Standard SCST.ST : Danske Bank starts with buy; price target Sek 54
* Securitas AB SECUb.ST : Danske Bank cuts price target to Sek 90 from Sek 91; rating buy
* Serco SRP.L : Numis cuts to reduce from hold
* Sopra Group SA SOPR.PA : Bryan Garnier cuts price target to 105 euros from 115 euros; buy
* S&U Plc SUS.L : Panmure starts with buy rating; target price of 2190p
* Standard Chartered STAN.L : Exane BNP Paribas raises target to 451p from 449p; outperform
* Standard Life Plc SL.L : Canaccord Genuity cuts target price to 410p from 430p; buy
* Telecom Italia TLIT.MI : S&P Capital IQ raises to hold from sell
* The Sage Group Plc SGE.L : Panmure raises to buy from hold
* Titan Cement TTNr.AT : Deutsche Bank cuts target price to 20 euros from 21 euros; hold
* Trinity Exploration TRIN.L : Investec cuts price target to 215p from 250p; rating buy
* UniCredit CRDI.MI : Natixis cuts target price to 6.40 euros from 7 euros; rating neutral
* UPM Kymmene UPM1V.HE : Nordea Equity Research cuts target to 11 euros from 12 euros; sell
* UPM Kymmene UPM1V.HE : ESN/Pohjola cuts target price to 10 euros from 11 euros; sell
* Uralkali URKAq.L : Berenberg cuts target price to $19 from $26; rating hold
* Voestalpine AG VOES.VI : Citigroup cuts target to 40 euros from 41 euros; rating buy
* Volution Group Plc FAN.L : Canaccord Genuity starts with buy rating; target price of 175p
* Wacker Neuson WACGn.DE : Exane BNP Paribas raises target to 18 euros from 16.5 euros
* Worldline SA WLN.PA : Deutsche Bank starts with buy; price target 20 euros
* Zoopla Property Group Plc ZPLAZ.L : UBS starts with buy rating; target price of 300p
* Zurich Insurance ZURN.VX : Jefferies starts with hold rating; target price of Sfr 254
(Compiled by Eileen Anupa Soreng and Mohan Anand in Bangalore)
((eileen.soreng@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. + 91 80 6749
6131; Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/