Europe Research Roundup: Zurich Insurance, Standard Chartered, Deutsche Bank
30/07/2014 21:06
July 30 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Zurich Insurance and Standard Chartered, on Wednesday.
HIGHLIGHTS
* Deutsche Bank AG DBKGn.DE : Berenberg raises to hold from sell
* Zurich Insurance ZURN.VX : RBC cuts to sector perform from outperform
* Standard Chartered Plc STAN.L : Numis raises to add from hold
* Alten SA LTEN.PA : ESN/CM - CIC Securities raises to hold from reduce
* Diploma Plc DPLM.L : Peel Hunt raises to buy from hold rating
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* 4imprint Group Plc FOUR.L : Peel Hunt raises target price to 780p from 730p; rating buy
* AB Foods ABF.L : Nomura raises target price to 2480p from 2400p; rating reduce
* Aegon NV AEGN.AS : Credit Suisse cuts target to 7.20 euros from 7.30 euros;rating neutral
* Aer Lingus AERL.I : Investec raises target to 1.70 euros from 1.67 euros; rating buy
* Ahlstrom AHL1V.HE : ESN/Pohjola raises target to 7.80 euros from 7.20 euros; reduce
* Airbus Group NV AIR.PA : RBC cuts target to 59 euros from 66 euros; rating outperform
* Alten SA LTEN.PA : ESN/CM - CIC Securities raises to hold from reduce
* Ansaldo STS STS.MI : Natixis raises target price to 8 euros from 7.85 euros; rating buy
* Applus Services SA APPS.MC : Citigroup cuts target price to 13.70 euros; rating neutral
* Applus Services SA APPS.MC : Berenberg cuts target to 16.80 euros from 18.60 euros; buy
* Applus Services SA APPS.MC : UBS cuts price target to 18 euros from 19 euros; rating buy
* Applus Services SA APPS.MC : Exane BNP Paribas cuts target to 17 euros; rating outperform
* ATOS SE ATOS.PA : Credit Suisse cuts target to 75 euros from 78 euros; rating outperform
* ATOS SE ATOS.PA : Natixis cuts target price to 75.5 euros from 77.5 euros; rating buy
* AXA SA AXAF.PA : Citigroup cuts target price to 22.50 euros from 24 euros; rating buy
* Banco Espirito Santo SA BES.LS : Citigroup cuts target to 0.58 euro from 0.65 euro; buy
* Banco Santander SAN.MC : Citigroup raises target to 7.60 euros from 6.80 euros; neutral
* Bankia SA BKIA.MC : Nomura raises target price to 0.85 euro from 0.80 euro; rating reduce
* Bayer BAYGn.DE : S&P Capital IQ cuts to hold from buy; target to 108 euros from 112 euros
* BBVA BBVA.MC : S&P Capital IQ raises target to 9.80 euros from 9.50 euros; rating hold
* BP PLC BP.L : Socgen raises target price to 550p from 540p; rating buy
* Bravofly BRGF.S : UBS cuts price target to Sfr 36 from Sfr 41; rating buy
* British American Tobacco BATS.L : Canaccord Genuity ups target to 2925p from 2900p; sell
* British American Tobacco BATS.L : S&P Capital IQ raises target to 3700p from 3600p; hold
* Casino CASP.PA : Natixis raises target price to 104 euros from 96 euros; rating buy
* Com Hem COMH.ST : JP Morgan starts with overweight rating, price target SEK 70
* Comptel CTL1V.HE : ESN/Pohjola cuts to reduce from hold
* Corio NV COR.AS : Berenberg raises price target to 40 euros from 32 euros; rating hold
* Corio NV COR.AS : ESN/Degroof raises target to 38.50 euros from 33 euros; rating hold
* Credito Valtellinese PCVI.MI :Exane BNP Paribas starts with outperform;target of 1.4 euro
* CTT CTT.LS : Jefferies raises target price to 9.50 euros from 8.75 euros; rating buy
* Dassault Aviation SA AVMD.PA : Socgen starts with hold rating; target price of 1160 euros
* Deutsche Bank DBKGn.DE : S&P Capital IQ raises to buy from hold
* Deutsche Bank DBKGn.DE : S&P Capital IQ cuts target price to 32 euros from 35 euros
* Deutsche Bank DBKGn.DE : Berenberg raises to hold from sell
* Deutsche Bank DBKGn.DE : ESN/Equinet Bank cuts target to 28 euros from 32 euros; hold
* Deutsche Bank DBKGn.DE : Exane BNP Paribas cuts target to 35 euros; rating outperform
* Devro Plc DVO.L : Peel Hunt raises target price to 230p from 210p; rating hold
* Dia DIDA.MC : Nomura raises to buy from neutral; target to 7.30 euros from 6.50 euros
* Diploma Plc DPLM.L : Peel Hunt raises to buy from hold rating
* Electrocomponents Plc ECM.L : Peel Hunt raises to hold from sell rating
* Elementis Plc ELM.L : Barclays raises price target to 246p; rating underweight
* Elementis Plc ELM.L : Barclays raises price target to 246p from 243p; rating underweight
* Elementis Plc ELM.L : UBS cuts price target to 290p from 295p; rating buy
* Faurecia SA EPED.PA : Socgen cuts target price to 31 euros from 35 euros; rating hold
* FDM FDM.L : Investec starts with buy rating; target price of 400p
* Gem Diamonds Ltd GEMD.L : RBC raises target price to 220p from 210p; rating outperform
* Generali GASI.MI : Credit Suisse cuts target to 16.80 euros from 17.50 euros;underperform
* GKN Plc GKN.L : Panmure cuts target price to 346p from 379p; rating hold
* GKN Plc GKN.L : RBC cuts target price to 390p from 410p; rating sector perform
* Heidelbergcement AG HEIG.DE : DZ Bank AG cuts target to 66.00 euros from 68.00 euros; buy
* Heidelbergcement AG HEIG.DE : Jefferies cuts price target to 65 euros from 68 euros
* Hiscox Ltd HSX.L : Numis cuts to hold from add
* Hiscox Ltd HSX.L : Numis cuts price target by 75p to 710p
* Holcim Ltd HOLN.VX : Jefferies cuts price target to Sfr 98 from Sfr 102; rating buy
* Hutchison China Meditech Ltd HCM.L : UBS raises target to 1250p from 1000p; rating buy
* Inditex ITX.MC : SocGen adjusts target to 31 euros post stock split; keeps buy rating
* Infineon IFXGn.DE : Commerzbank cuts to hold from add
* Infineon Technologies IFXGn.DE :Jefferies cuts target to 10.22 euros from 10.44 euros;buy
* Informa INF.L : Nomura cuts target price to 570p from 660p; rating buy
* Informa INF.L : Berenberg cuts price target to 520p from 530p; rating hold
* Informa INF.L : Barclays cuts price target by 7 pct to 475p; rating equal weight
* Informa INF.L : UBS cuts price target to 500p from 520p; rating neutral
* Informa INF.L : Numis cuts target price to 620p from 645p; rating buy
* ITV Plc ITV.L : S&P Capital IQ raises target price to 210p from 185p; rating hold
* Jeronimo Martins JMT.LS : Raymond James cuts target to 14.20 euros; rating outperform
* Jeronimo Martins JMT.LS : Barclays cuts target to 9.90 euros; rating underweight
* Jeronimo Martins JMT.LS : Natixis cuts target to 11 euros from 13 euros; rating neutral
* Jeronimo Martins JMT.LS : Exane BNP Paribas cuts target to 13.5 euros; rating outperform
* JLT Group JLT.L : Canaccord Genuity cuts to hold from buy; target to 1070p from 1165p
* Kaufman & Broad SA KOF.PA : Socgen raises target to 27 euros from 22 euros; rating buy
* KPN NV KPN.AS : Berenberg raises to buy from hold; target to 2.75 euros from 2.35 euros
* Lafarge LAFP.PA : UBS cuts price target to 73 euros from 74 euros; rating buy
* Linde LING.DE : Jefferies raises price target to 180 euros from 171 euros; rating buy
* Linde LING.DE : Socgen raises target price to 178 euros from 165 euros; rating buy
* Lundbeck LUN.CO : UBS cuts price target to Dkk 135 from Dkk 156; rating neutral
* M6 MMTP.PA : Citigroup cuts target price to 16 euros from 17 euros; rating buy
* M6 MMTP.PA : Barclays cuts price target to 15 euros; rating equal weight
* M6 MMTP.PA : Natixis cuts price target to 15 euros from 15.5 euros; rating neutral
* Mediaset SPA MS.MI : Barclays cuts target to 3.10 euros from 3.40 euros; underweight
* Mediaset SPA MS.MI : Natixis cuts price target to 3 euros from 3.4 euros; rating reduce
* Michelin MICP.PA : Exane BNP Paribas cuts target to 96 euros from 99 euros;rating neutral
* Minera IRL MIRL.L : Numis cuts price target to 20p from 30p; rating buy
* Neste Oil NES1V.HE : ESN/Pohjola raises to buy from accumulate
* Next Plc NXT.L : SocGen cuts target price to 6737p from 6820p; rating hold
* Next Plc NXT.L : Jefferies raises price target to 8000p from 7500p; rating buy
* Orange SA ORAN.PA : Nomura raises target price to 14.50 euros from 14 euros; rating buy
* Orange SA ORAN.PA : Natixis raises price target to 13.2 euros from 12.4 euros; rating buy
* Orion ORNBV.HE : Jefferies raises target to 25.10 euros from 21.50 euros; rating hold
* Orion ORNBV.HE : ESN/Pohjola ups to reduce from sell;ups target to 23 euros from 20 euros
* Orion ORNBV.HE : Credit Suisse raises target to 18 euros from 15 euros; underperform
* Pace Plc PIC.L : Jefferies cuts target price to 425p from 467p; rating buy
* Panalpina Welttransport PWTN.S : RBC cuts target to Sfr 160 from Sfr 165; outperform
* Publicis PUBP.PA : Credit Suisse cuts target to 72 euros from 77 euros; rating outperform
* Ramirent RMR1V.HE : ESN/Pohjola cuts to hold; target price to 8 euros from 9.50 euros
* Reckitt Benckiser RB.L : UBS raises price target to 4550p from 4450p; rating sell
* Recordati RECI.MI : Jefferies raises target to 11.50 euros from 10.50 euros; rating hold
* Reed Elsevier Plc REL.L : Berenberg raises price target to 960p from 930p; rating hold
* Reed Elsevier NV ELSN.AS : Berenberg raises target to 18.80 euros from 17.20 euros; hold
* Renault SA RENA.PA : Barclays cuts target to 94 euros from 96 euros; rating overweight
* Renault SA RENA.PA : Morgan Stanley raises target to 77 euros from 75 euros; overweight
* Rightmove Plc RMV.L : Numis raises target price to 3397p from 3360p; rating buy
* Saint Gobain SGOB.PA : ESN/CM-CIC Securities cuts target to 44.22 euros;rating accumulate
* Saipem SPA SPMI.MI : Citigroup cuts target price to 22.50 euros from 24 euros; rating buy
* Saipem SPA SPMI.MI : Credit Suisse cuts target to 18 euros from 20 euros; underperform
* Schneider Electric SCHN.PA : S&P Capital cuts to hold from buy
* Schneider Electric SCHN.PA : S&P Capital cuts price taret to 68 euros from 81 euros
* Seadrill SDRL.OL : Global Hunter cuts to accumulate from buy; cuts target to $37 from $41
* Seche Environnement SA CCHE.PA : Socgen raises to hold from sell
* Seche Environnement SA CCHE.PA : Natixis cuts target to 25.5 euros from 29 euros; neutral
* Segro Plc SGRO.L : Peel Hunt raises target price to 400p from 370p; rating buy
* Severstal' CHMFq.L : UBS raises price target to $9.60 from $9.50; rating neutral
* Shanta Gold Ltd SHAN.L : Finncap cuts target price to 17.25p from 18p; rating buy
* Smith & Nephew SN.L : Credit Suisse raises price target to 890p from 865p; rating neutral
* Spectris Plc SXS.L : Investec cuts price target to 2580p from 2720p; rating buy
* Standard Chartered Plc STAN.L : Numis raises to add from hold
* Tate & Lyle TATE.L : Jefferies cuts price target to 685p from 715p; rating hold
* Telecity Group Plc TCY.L : Goldman Sachs raises target to 1045p from 945p; rating buy
* Telefonica Deutschland O2Dn.DE : DZ Bank cuts target to 6.50 euros from 6.90 euros; buy
* The Swatch Group SA UHR.VX : Vontobel cuts target to sfr 600 from sfr 650; rating buy
* Thomas Cook Group Plc TCG.L : Berenberg cuts price target to 170p from 200p; rating buy
* TNT Express NV TNTE.AS : Credit Suisse cuts target to 6.15 euros from 7.14 euros; neutral
* Travis Perkins TPK.L : Jefferies raises price target to 1500p from 1430p
* Tullett Prebon Plc TLPR.L : Socgen cuts price target to 245p from 305p; rating hold
* Tullett Prebon Plc TLPR.L : UBS raises to neutral from sell; ups target to 250p from 230p
* Tullett Prebon Plc TLPR.L : BMO cut price target to 260p from 275p; rating market perform
* UBS AG UBSN.VX : Natixis cuts price target to Sfr 19.5 from Sfr 21; rating buy
* UCB SA UCB.BR : ESN/Bank Degroof raises target to 62 euros from 60 euros; rating reduce
* Victrex Plc VCTX.L : JP Morgan cuts price target to 1700p from 1710p; rating neutral
* Victrex Plc VCTX.L : Numis cuts target price to 1870p from 1897p; rating add
* Zurich Insurance ZURN.VX : RBC cuts to sector perform from outperform
* Zurich Insurance ZURN.VX : RBC cuts target price to Sfr 280 from Sfr 300
(Compiled by Eileen Anupa Soreng, Archana Lakshmi Narasiah and Jai Ganesh in Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135
5919)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/