Europe Research Roundup: Reed Elsevier, Ericsson, Unilever
24/09/2014 16:23
Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Unilever, Tate & Lyle and Raiffeisen Bank, on Wednesday.
HIGHLIGHTS
* Reed Elsevier REL.L ELSN.AS : Bernstein raises to market-perform from underperform
* Ericsson ERICb.ST : UBS cuts to neutral from buy
* Merck KGaA MRCG.DE : Commerzbank ups to buy from hold; target to 87 euros from 66 euros
* Unilever ULVR.L UNc.AS : Jefferies cuts to underperform from hold
* Tate & Lyle Plc TATE.L : JP Morgan, SocGen, Berenberg cut rating on the stock
* Raiffeisen Bank RBIV.VI : SocGen, UBS, others cut target price
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* Accor SA ACCP.PA : Nomura raises target to 36.50 euros from 35.40 euros; rating neutral
* Aker Solutions AKSO.OL : Canaccord Genuity raises to buy from hold rating
* Alliance Pharma ALAPH.L : Canaccord Genuity cuts target to 33p from 35p; rating hold
* Arkema AKE.PA : Nomura raises target price to 82 euros from 75 euros; rating buy
* Ashley House ASH.L : WH Ireland revises rating to speculative buy from market perform
* Aurubis AG NAFG.DE : Macquarie raises target price to 50 euros from 49 euros; outperform
* Carnival Plc CCL.L : UBS raises target price to 2800p from 2400p; rating buy
* Carnival Plc CCL.L : Natixis raises price target to 2450p from 2350p; rating neutral
* Clinigen CLINC.L : Peel Hunt raises target price to 717p from 710p; rating buy
* Close Brothers CBRO.L : Barclays raises target price to 1520p from 1500p; overweight
* Close Brothers CBRO.L : UBS raises target price to 1430p from 1420p; rating neutral
* Cobham COB.L : Citigroup resumes coverage with neutral rating
* E.ON Russia EONR.MM : Deutsche Bank raises target to 3.56 roubles from 3.49 roubles; hold
* Ebro Foods EBRO.MC : ESN/Beka Finance raises to accumulate from hold
* Elekta EKTAb.ST : Exane BNP Paribas cuts to neutral from outperform rating
* Elekta EKTAb.ST : Exane BNP Paribas cuts target price to Sek 76 from Sek 98
* Enel Russia OGKE.MM : Deutsche Bank cuts to hold from buy rating
* Enel Russia OGKE.MM : Deutsche Bank cuts target price to 1.01 Roubles from 1.40 Roubles
* Ericsson ERICb.ST : UBS cuts to neutral from buy
* Fresnillo FRES.L : UBS adds to most preferred European Metals & Mining List
* Greenko Group Plc GKO.L : Investec raises price target to 310p from 275p; rating buy
* Hellenic Petroleum HEPr.AT : Barclays reinstates coverage with an equal weight
* Hellenic Petroleum HEPr.AT : Barclays reinstates coverage with target 6 euros
* Hennes & Mauritz HMb.ST : Socgen raises target price to Sek 357 from Sek 348; rating buy
* Johnston Press JPR.L : Citigroup raises to neutral from sell
* Lekoil Ltd LEK.L : UBS raises target price to 120p from 110p; rating buy
* Lucibel SA ALUCI.PA : Canaccord Genuity starts with buy rating
* Lucibel SA ALUCI.PA : Canaccord Genuity starts with 9.50 euros price target
* Maroc Telecom IAM.PA : Natixis raises to buy from neutral
* Maroc Telecom IAM.PA : Natixis raises price target to 11.4 euros from 9 euros
* Marine Harvest MHG.OL : Citigroup raises target price to Nok 95; rating neutral
* Merck KGaA MRCG.DE : Commerzbank ups to buy from hold; target to 87 euros from 66 euros
* Mosenergo MSNG.MM : Deutsche Bank cuts target to 1.26 Roubles from 1.52 Roubles; buy
* Motor Oil MORr.AT : Barclays cuts price target to 9 euros from 9.50 euros
* Nestle NESN.VX : Jefferies raises price target to Sfr 79 from Sfr 74; rating buy
* Nyrstar SA NYR.BR : Macquarie raises to outperform
* OGK-2 OGKB.MM : Deutsche Bank cuts target price to 0.32 Roubles from 0.39 Roubles; buy
* Outsourcery Plc OUT.L : Investec cuts price target to 71p from 130p; rating buy
* Parkmead PMG.L : Numis starts with buy rating; target price 262p
* Partnership Assurance PA.L : Nomura cuts price target to 134p from 145p; rating neutral
* Philips PHG.AS : Socgen raises target price to 25 euros from 24 euros; rating hold
* Philips PHG.AS : JP Morgan raises target price to 28 euros from 26.50 euros; overweight
* Polymetal POLYP.L : UBS removes from least preferred european metals & mining list
* Premier Oil Plc PMO.L : Macquarie cuts target price to 472p from 497p; rating outperform
* Raiffeisen Bank RBIV.VI : Socgen cuts target price to 23 euros; rating buy
* Raiffeisen Bank RBIV.VI : Berenberg cuts target to 21 euros from 26 euros; rating hold
* Raiffeisen Bank RBIV.VI : UBS cuts target to 21 euros from 24.75 euros; rating neutral
* Raiffeisen Bank RBIV.VI : Natixis cuts target price to 19.5 euros from 25 euros; neutral
* Raiffeisen Bank RBIV.VI : JP Morgan cuts target price to 22 euros from 24 euros; neutral
* Reed Elsevier REL.L : Bernstein raises to market-perform from underperform
* Reed Elsevier REL.L : Bernstein raises target price to 1000p from 700p
* Reed Elsevier ELSN.AS : Bernstein raises to market-perform from underperform
* Reed Elsevier ELSN.AS : Bernstein raises target price to 19 euros from 12 euros
* Rightmove RMV.L : Citigroup cuts to sell; target price to 2,175p
* Rio Tinto RIO.L : Morgan Stanley raises to overweight from equal-weight
* Royal Bank of Scotland RBS.L : Numis cuts target price to 368p from 378p; rating hold
* Sainsbury SBRY.L : JP Morgan cuts target price to 225p from 280p; rating underweight
* SARAS SRS.MI : Barclays cuts price target to 0.70 euros from 1.00 euros
* Serco Group SRP.L : Peel Hunt cuts target price to 265p from 320p; rating sell
* SGL Carbon SGCG.DE : S&P Capital IQ cuts target price to 17.5 euros from 19 euros; sell
* Standard Chartered STAN.L : Berenberg cuts target to 1,100p from 1,200p; rating hold
* Standard Life Plc SL.L : Nomura raises target price to 410p from 390p; rating neutral
* Tate & Lyle TATE.L : Jefferies cuts price target to 575p from 685p; rating hold
* Tate & Lyle Plc TATE.L : Berenberg cuts to hold from buy
* Tate & Lyle Plc TATE.L : Berenberg cuts price target to 665p from 775p
* Tate & Lyle Plc TATE.L : Socgen cuts to hold from buy; price target to 640p
* Tate & Lyle Plc TATE.L : JP Morgan cuts to neutral from overweight rating
* Tate & Lyle Plc TATE.L : JP Morgan cuts target price to 690p from 825p
* Tate & Lyle Plc TATE.L : UBS raises to neutral from sell rating
* Tate & Lyle Plc TATE.L : Citigroup cuts target price to 685p; rating buy
* Tate & Lyle Plc TATE.L : Credit Suisse cuts target price to 600p from 630p
* Tate & Lyle Plc TATE.L : Exane BNP Paribas cuts target price to 610p from 700p; neutral
* Tesco TSCO.L : Citigroup cuts target price to 190p; rating neutral
* Tesco TSCO.L : Macquarie cuts to neutral rating
* ThromboGenics THR.BR : JP Morgan cuts to underweight from neutral rating
* ThromboGenics THR.BR : JP Morgan cuts target price to 7.30 euros from 11 euros
* TNT Express TNTE.AS : KBC cuts target price to 5.60 euros from 6.30 euros; rating hold
* Trinity Mirror TNI.L : Citigroup rai