Europe Research Roundup: Erste, ITV, Vodafone
04/07/2014 08:38
July 4 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Alpha Bank, Hiscox and Mobotix, on Friday.
HIGHLIGHTS
* Erste Bank ERST.VI : Barclays, SocGen, JP Morgan, Natixis cut rating on stock
* Vodafone VOD.L : Citigroup adds to Citi Focus List Europe
* Balfour Beatty BALF.L : RBC cuts to sector perform from outperform
* ITV Plc ITV.L : UBS raises to buy from neutral
* Mobotix MBQGn.DE : DZ Bank cuts to sell from buy rating
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* Alpha Bank ACBr.AT : Renaissance Capital raises to hold from sell rating
* AMS AMS.S : Vontobel adjusts target price to Sfr 185 from Sfr 155; rating buy
* Antofagasta ANTO.L : CIBC cuts target price to 850p from 900p
* Aveva Group AVV.L : SocGen starts with a buy rating; price target 2,650p
* Balfour Beatty BALF.L : RBC cuts to sector perform from outperform
* Barry Callebaut BARN.S : UBS cuts to neutral from buy
* Bellzone Mining BZM.L : Investec adjusts target price to 3.30p from 10.00p; rating buy
* Bravofly SA BRGF.S : UBS cuts price target to Sfr 41 from Sfr 52; rating buy
* Burberry Group Plc BRBY.L : SocGen cuts target price by 3 pct to 1520p; rating hold
* Computacenter Plc CCC.L : UBS raises to buy from neutral
* Computacenter Plc CCC.L : UBS cuts price target to 705p from 710p
* Devro DVO.L : Investec raises price target to 280p from 235p; rating buy
* Direct Line Insurance DLGD.L : Citigroup raises to buy from neutral
* Erste Bank ERST.VI : Barclays cuts to underweight from equal weight
* Erste Bank ERST.VI : Barclays cuts target price to 21.40 euros from 28 euros
* Erste Bank ERST.VI : SocGen cuts to hold from buy
* Erste Bank ERST.VI : SocGen cuts target price to 24.3 euros from 30.5 euros
* Erste Bank ERST.VI : UBS cuts price target to 25 euros from 26.5 euros; rating neutral
* Erste Bank ERST.VI : JP Morgan cuts to neutral from overweight
* Erste Bank ERST.VI : JP Morgan cuts price target to 21 euros from 30 euros
* Erste Bank ERST.VI : Natixis cuts to neutral from buy
* Experian Plc EXPN.L : Deutsche Bank cuts price target to 1200p from 1255p
* Gerresheimer GXIG.DE : Deutsche Bank raises price target to 48 euros from 46 euros
* Go-Ahead Group GOG.L : Goldman Sachs removes from pan-Europe Conviction Buy List
* Go-Ahead Group GOG.L : Goldman Sachs raises price target to 2690p from 2550p; rating buy
* Grenkeleasing GKLG.DE : Deutsche Bank raises price target to 77 euros from 66 euros
* GTC GTCP.WA : JP Morgan raises to overweight from neutral
* GTC GTCP.WA : JP Morgan raises price target to Pln 9.60 from Pln 7.50
* Hiscox HSX.L : Berenberg raises to hold from sell rating
* Hiscox HSX.L : Berenberg raises target price to 706p from 626p
* Inchcape INCH.L : Deutsche Bank raises target price to 700p from 685p
* ITV Plc ITV.L : UBS raises to buy from neutral
* Jeronimo Martins JMT.LS : UBS cuts price target to 15.3 euros from 16.3 euros; rating buy
* K&S AG SDFGn.DE : Deutsche Bank raises price target to 17 euros from 15 euros
* Ladbrokes LAD.L : Exane BNP Paribas cuts price target by 8 pct to 180p; rating outperform
* Ladbrokes LAD.L : Goldman Sachs cuts price target to 115p from 120p; rating sell
* LEG LEGn.DE : Deutsche Bank raises to buy from hold
* Lundin Petroleum LUPE.ST : UBS raises to neutral from sell
* Lundin Petroleum LUPE.ST : UBS raises price target to Sek 135 from Sek 113
* Management Consulting NZX.L : Canaccord Genuity raises to buy rating
* Management Consulting NZX.L : Canaccord Genuity raises target price to 28p from 24p
* Merck MRCG.DE : Deutsche Bank adjusts target to 79 euros from 157 euros to share split
* Mobotix MBQGn.DE : DZ Bank cuts to sell from buy; target price to 8.50 eur from 16 eur
* National Bank Of Greece NBGr.AT : Renaissance Capital raises to buy from sell
* Paddy Power PAP.I : Goldman Sachs raises target to 62 euros from 61 euros; rating buy
* Pennon Group PNN.L : RBC raises target price to 890p from 810p; rating outperform
* Piraeus Bank BOPr.AT : Renaissance Capital raises target price to 1.39 euros from 1.28
* RWE RWEG.DE : Berenberg raises target price to 27 euros from 25 euros; rating sell
* RWE RWEG.DE : Deutsche Bank raises target price to 24 euros from 20 euros
* Saga SAGAG.L : Credit Suisse starts with neutral; price target 198p
* Saga SAGAG.L : JP Morgan starts with neutral; price target 185p
* Saipem SPMI.MI : Canaccord Genuity cuts to sell rating
* Serco SRP.L : JP Morgan raises price target to 287p from 271p; rating neutral
* Technip TECF.PA : Canaccord Genuity raises target price to 85 euros
* Ted Baker Plc TED.L : Goldman Sachs raises price target to 2700p from 2650p; rating buy
* Trigano TRIA.PA : ESN/CM-CIC Securities raises to buy from hold
* Vodafone VOD.L : Citigroup adds to Citi Focus List Europe
* VP VP.L : WH Ireland raises target price to 775p from 760p; rating buy
* William Hill WMH.L : Exane BNP Paribas cuts price target by 3 pct to 390p; outperform
* William Hill WMH.L : Goldman Sachs raises price target to 410p from 400p; rating buy
* Xchanging XCH.L : Investec raises price target to 255p from 210p; rating buy
(Compiled by Fareha Khan 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/