EUROPE RESEARCH ROUNDUP: HSBC, Cairn Energy, Informa, JCDecaux
12/04/2013 20:31
April 12 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including HSBC, Cairn Energy and Informa, on Friday.
HIGHLIGHTS
* HSBC : Liberum cuts to hold from buy
* Cairn Energy PLC : RBC raises to outperform from sector perform
* JCDecaux SA : Exane BNP Paribas raises to outperform from underperform
* Informa PLC : Jefferies cuts to hold from buy
* BP PLC : Investec cuts to hold from buy; cuts price target to 425p from 495p
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Aggreko PLC : Panmure raises to buy from hold; target price to 2106p from 1727p
* Aggreko PLC : Cantor raises target to 2200p from 2020p; rating buy
* Alfa Laval : Morgan Stanley assumes with equal weight rating; target Sek 143
* Alstom SA : Natixis raises target price to 38 euros from 37 euros; rating buy
* Alternative Networks : Investec raises target to 350p from 330p; rating buy
* Alternative Networks : Westhouse raises target to 295p from 280p; rating neutral
* ArcelorMittal SA : Liberum raises to hold; price target 10 euros
* Ashmore Group : Jefferies raises target price to 490p from 435p; rating buy
* Ashmore Group : Exane BNP Paribas raises target to 460p from 390p; rating neutral
* Ashmore Group PLC : SocGen raises target price to 455p from 420p; rating buy
* Austrian Post : Nomura ups target to 31.50 euros from 30 euros; rating neutral
* Aviva PLC : JP Morgan cuts target price to 393p from 443p; rating overweight
* BAE Systems : JP Morgan cuts to underweight from neutral
* BAE Systems : JP Morgan ups target to 365p from 360p
* Bank Handlowy w Warszawie SA : Goldman Sachs cuts to sell from neutral
* BP Plc : Investec cuts to hold from buy; cuts price target to 425p from 495p
* Burberry Group PLC : JP Morgan raises target to 1320p from 1270p; rating neutral
* Cairn Energy PLC : RBC raises to outperform from sector perform
* Cairn Energy PLC : RBC raises target price to 440p from 400p
* Casino : Exane BNP Paribas ups target to 91 euros from 85 euros;rating outperform
* Chr Hansen : HSBC cuts target price to Dkk 214 from Dkk 216; rating neutral
* CHR Hansen : SocGen raises to hold from sell; target to Dkk 205 from Dkk 190
* Cobham PLC : JP Morgan raises target price to 255p from 245p; rating neutral
* Credit Suisse Group : Citigroup adds to most preferred stock list
* Croda International PLC : UBS cuts to sell from neutral
* Croda International PLC : UBS raises price target to 2550p from 2340p
* DE Master Blenders 1753 NV : KBC changes recommendation to accept offer from hold
* Debenhams PLC : Cantor cuts to sell from reduce
* Debenhams PLC : Cantor cuts target price to 70p from 80p
* Debenhams PLC : Panmure cuts target price to 88p from 90p; rating hold
* Duerr AG : UBS starts with buy rating; price target of 104 euros
* ENI : Investec cuts price target to 16 euros from 16.40 euros; rating hold
* ENRC : Liberum cuts to hold
* EVRAZ PLC : SocGen raises to hold from sell
* Faurecia SA : JP Morgan starts with neutral; target price 13.50 euros
* Fresnillo PLC : CIBC starts with sector performer rating
* Gerresheimer : Jefferies raises target to 51 euros from 49.50 euros; rating buy
* GlaxoSmithKline PLC : SocGen raises target price to 1900p from 1810p; rating buy
* Grifols SA : Berenberg raises target to 29 euros from 24.50 euros; rating hold
* Hays PLC : Credit Suisse raises target price to 99p from 95p; rating neutral
* Hays PLC : Shore Capital raises to buy from hold
* Hays PLC : Panmure raises target price to 96p from 84p; rating hold
* Heidelbergcement AG : SocGen starts with buy rating; target price 64 euros
* Helvetia Holding : Credit Suisse raises target price to Sfr 390 from Sfr 371
* Hennes & Mauritz : SocGen cuts target price to Sek 205 from Sek 219; rating sell
* Holcim Ltd : SocGen raises to buy from hold; target price to Sfr 97 from Sfr 60
* HSBC Holdings PLC : Liberum cuts to hold from buy
* HSBC Holdings PLC : Liberum cuts target price to 650p from 665p
* Informa PLC : Jefferies cuts to hold from buy
* Informa PLC : Jefferies cuts target price to 510p from 580p
* Jazztel PLC : Berenberg raises target price to 7 euros from 6.60 euros; rating buy
* JCDecaux SA : Exane BNP Paribas raises to outperform from underperform
* JCDecaux SA : Exane BNP Paribas raises target price by 39 percent to 26.50 euros
* Johnson Matthey PLC : UBS raises to buy from neutral
* Legal & General Group : JP Morgan cuts to underweight from neutral
* Legal & General Group : Morgan Stanley raises price target to 184p from 157p
* Leifheit AG : Berenberg starts with hold; target price 33 euros
* Leoni AG : ESN/Equinet raises target price to 42 euros from 37 euros; rating buy
* Lundbeck : UBS raises target price to Dkk 112 from Dkk 88; rating neutral
* Marks And Spencer Group Plc : Cantor cuts to sell from hold
* Matchtech Group : Cantor Fitzgerald cuts to hold from buy
* Matchtech Group : Cantor Fitzgerald raises price target to 340p from 300p
* MD Medical Group Investments PLC : JP Morgan cuts to neutral from overweight
* Merck KGaA : JP Morgan raises target to 112 euros from 97 euros; rating neutral
* Moscow Exchange : JP Morgan starts with overweight; target price 61.43 roubles
* National Grid PLC : Citigroup raises target price to 820p from 680p; rating neutral
* Next PLC : Barclays ups to equal weight from underweight;target to 4200p from 3100p
* Pearson PLC : Jefferies cuts target price to 1240p from 1290p; rating hold
* Phoenix Group Holdings : JP Morgan cuts target to 915p from 941p;rating overweight
* Pirelli & C SpA : JP Morgan starts with neutral; target price 9.50 euros
* PostNL NV : Nomura raises target to 1.80 euros from 1.60 euros; rating reduce
* Prudential : JP Morgan raises target price to 836p from 781p; rating underweight
* Raiffeisen : Exane cuts target to 28.5 euros from 30.5 euros; rating underperform
* Reed Elsevier PLC : Jefferies cuts to hold from buy
* Reed Elsevier PLC : Jefferies cuts target price to 700p from 760p
* Rentokil Initial PLC : Goldman Sachs cuts to neutral from buy
* Repsol : Investec raises to buy from hold
* Repsol : Investec raises target price to 19.50 euros from 15.30 euros
* Resolution : JP Morgan ups to neutral from underweight; target to 273p from 257p
* Roche Holding : Natixis raises target price to Sfr 255 from Sfr 240; rating buy
* Roche Holding : Helvea raises price target to CHF 244; rating accumulate
* Roche Holding : UBS raises target price to Sfr 217 from Sfr 200; rating neutral
* Royal Dutch Shell : Investec raises to buy from hold
* Royal Dutch Shell : Investec raises price target to 2550p from 2168p
* Ryanair Holdings : Goldman Sachs raises target to 7.9 euros from 7.3 euros
* SABMiller PLC : SocGen raises target price to 3590p from 2970p; rating hold
* BIC : Natixis raises target price to 101 euros from 99 euros; rating buy
* Skanska AB : UBS raises price target to Sek 109 from Sek 100; rating neutral
* Sodexo SA : JP Morgan raises target to 79 euros from 63 euros; rating neutral
* Sports Direct : Cantor cuts to hold from buy
* Sports Direct : Cantor cuts target price to 440p from 460p
* St. James's Place : JP Morgan raises target to 560p from 531p; rating overweight
* Standard Life : JP Morgan raises target price to 380p from 349p; rating overweight
* Statoil : Investec cuts to sell from buy; cuts target to Nok 120 from Nok 163
* Tate & Lyle PLC : Credit Suisse raises target to 930p from 845p; rating outperform
* Total : Investec cuts price target to 37 euros from 38 euros; rating hold
* Uniqa : Nomura raises target to 10.50 euros from 10.00 euros; rating neutral
* Vilmorin & Cie : Natixis raises target to 115 euros from 112 euros; rating buy
* Wereldhave : JP Morgan raises target to 61 euros from 58 euros; rating overweight
* WH Smith : Exane BNP Paribas raises target to 850p from 700p; rating outperform
* Wincor Nixdorf : HSBC raises target to 45 euros from 40 euros; rating overweight
* Wolfson Microelectronics : Numis raises to buy from hold
* Wolfson Microelectronics : Numis raises raises price target to 230p from 210p
* XP Power Ltd : Investec cuts price target to 1330p from 1365p; rating buy
(Compiled by Saqib Iqbal Ahmed in Bangalore)
((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135
5919)(Reuters messaging: saqib.ahmed.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/