Europe Research Roundup: Aberdeen Group, Boliden, Italgas

M&C Saatchi

Tue 08:41

June 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Aberdeen Group, Boliden and Italgas on Tuesday. 

HIGHLIGHTS
* Aberdeen Group ABDN.L: Deutsche Bank raises target price to 265p from 235p 
* Boliden BOL.ST: Goldman Sachs initiates coverage with sell rating
* Globaldata Plc DATA.L: JP Morgan initiates coverage with target price 135p 
* Italgas IG.MI: Citigroup raises to buy from neutral
* Societe Generale SA SOGN.PA: Citigroup raises target price to EUR 90 from EUR 84 
Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. See bottom of the table for sector changes.  


* Aberdeen Group ABDN.L: Deutsche Bank raises target price to 265p from 235p 
* Adecco Group ADEN.S: Morgan Stanley cuts target price to CHF 15 from CHF 20.5 
* Adecco Group ADEN.S: Morgan Stanley cuts to underweight from equal weight 
* AJ Bell AJBA.L: Deutsche Bank raises target price to 675p from 600p 
* Amoeba ALMIB.PA: Portzamparc Suspends rating 
* Applied Nutrition Plc APNA.L: Berenberg raises target price to 340p from 290p 
* Bachem Holding AG BANB.S: Barclays raises target price to CHF 70 from CHF 65 
* Big Yellow Group Plc BYG.L: JP Morgan cuts target price to 1,190p from 1,250p 
* Boliden BOL.ST: Goldman Sachs initiates coverage with sell rating
* Boliden BOL.ST: Goldman Sachs initiates coverage with target price SEK 468 
* BPER EMII.MI: Kepler Cheuvreux raises target price to EUR 13.8 from EUR 13.3 
* BPER EMII.MI: Kepler Cheuvreux raises to buy from hold 
* British Land BLND.L: JP Morgan cuts target price to 430p from 440p 
* BT Group Plc BT.L: Barclays raises target price to 160p from 150p 
* Bunzl BNZL.L: Exane BNP Paribas raises target price to 3000p from 2450p 
* Bunzl BNZL.L: Exane BNP Paribas raises to outperform from neutral
* Chemring Group Plc CHG.L: Peel Hunt cuts target price to 595p from 600p 
* Croda CRDA.L: Deutsche Bank raises target price to 3200p from 3000p 
* CVC CVC.AS: Deutsche Bank cuts target price to EUR 17 from EUR 18 
* Davide Campari Milano NV CPRI.MI: Morgan Stanley cuts target price to EUR 6.1 from EUR 6.6 
* Deutsche Lufthansa AG LHAG.DE: Alphavalue cuts to sell from reduce 
* Diageo Plc DGE.L: Morgan Stanley cuts target price to 1410p from 1505p 
* El En SpA ELEN.MI: Stifel initiates coverage with buy rating; price target EUR 19 
* Fastned BV FASTN.AS: Stifel raises target price to EUR 50 from EUR 34 
* Givaudan GIVN.S: Deutsche Bank raises target price to CHF 3300 from CHF 3000 
* Givaudan GIVN.S: Deutsche Bank raises to buy from hold 
* Globaldata Plc DATA.L: JP Morgan initiates coverage with neutral rating 
* Globaldata Plc DATA.L: JP Morgan initiates coverage with target price 135p 
* Havas NV HAVAS.AS: Berenberg initiates coverage with buy rating
* Havas NV HAVAS.AS: Berenberg initiates coverage with target price EUR 27 
* Hays Plc HAYS.L: Morgan Stanley cuts target price to 35p from 44p 
* Hays Plc HAYS.L: Morgan Stanley raises to equal weight from underweight 
* Hexagon HEXAb.ST: JP Morgan cuts target price to SEK 85 from SEK 115 
* IG Group IGG.L: BofA Global Research raises to buy from neutral 
* Italgas IG.MI: Citigroup raises target price to EUR 11.6 from EUR 10 
* Italgas IG.MI: Citigroup raises to buy from neutral
* Kardex KARN.S: UBS cuts target price to CHF 346 from CHF 357 
* Kardex Holding AG KARN.S: Berenberg cuts target price to CHF 350 from CHF 375 
* Land Securities LAND.L: JP Morgan cuts target price to 705p from 710p 
* LBG Media Plc LBG.L: Berenberg cuts target price to 45p from 90p 
* LBG Media Plc LBG.L: Peel Hunt cuts target price to 45p from 142p 
* Legal & General Group Plc LGEN.L: Citigroup raises target price to 251p from 249p 
* Liontrust Asset Management Plc LIO.L: Peel Hunt raises target price to 450p from 400p 
* M&C Saatchi Plc SAA.L: Berenberg raises target price to 195p from 170p 
* M&G MNG.L: Citigroup raises target price to 295p from 288p 
* Mersen SA CBLP.PA: Berenberg raises target price to EUR 48 from EUR 25 
* Molten Ventures Plc GROW.L: Berenberg raises target price to 790p from 645p 
* Nextenergy Solar Fund Ltd NESF.L: Canaccord Genuity cuts to sell from hold 
* Nextenergy Solar Fund Ltd NESF.L: RBC cuts target price to 57p from 65p 
* Oxford Instruments OXIG.L: JP Morgan raises target price to 3,200p from 3,000p 
* Publicis PUBP.PA: Berenberg initiates coverage with buy rating
* Publicis PUBP.PA: Berenberg initiates coverage with target price EUR 118 
* Randstad NV RAND.AS: Morgan Stanley cuts target price to EUR 25.5 from EUR 26 
* Randstad NV RAND.AS: Morgan Stanley raises to equal weight from underweight 
* Sainsbury SBRY.L: Citigroup cuts target price to 330p from 335p 
* Societe Generale SA SOGN.PA: Citigroup raises target price to EUR 90 from EUR 84 
* Soitec SA SOIT.PA: Bernstein raises target price to EUR 180 from EUR 150 
* Stellantis NV STLAM.MI: Citigroup cuts target price to EUR 7.2 from EUR 7.5 
* Swiss Re AG SRENH.S: JP Morgan cuts target price to CHF 135 from CHF 145 
* Tate & Lyle TATE.L: Kepler Cheuvreux raises target price to 595p from 547p 
* TotalEnergies SE TTEF.PA: Alphavalue raises to add from reduce 
* Technoprobe TPRO.MI: Deutsche Bank raises target price to EUR 42 from EUR 35 
* Uniqa Insurance Group AG UNIQ.VI: Kepler Cheuvreux cuts to hold from buy
* Uniqa Insurance Group AG UNIQ.VI: Kepler Cheuvreux raises PT to EUR 17 from EUR 16.5 
* Victrex Plc VCTX.L: Berenberg cuts target price to 600p from 695p 
* Workspace WKP.L: JP Morgan cuts target price to 410p from 500p 
* WPP WPP.L: Berenberg initiates coverage with buy rating; target price 405p 
* Zaptec ASA ZAP.OL: Stifel raises target price to NOK 62 from NOK 30 

sector changes:
* European Equity Strategy: Morgan Stanley upgrades pulp and paper to  equal- weight from underweight 
* European Equity Strategy: Morgan Stanley upgrades capital goods (excluding aerospace, defence and construction materials) TO OVERWEIGHT FROM EQUAL- WEIGHT -
* European Equity Strategy: Morgan Stanley downgrades life sciences to underweight from equal-weight 
* European Equity Strategy: Morgan Stanley downgrades medical technology to underweight from equal-weight 
* European Equity Strategy: Morgan Stanley upgrades transportation to equal-weight from underweight 
* European Equity Strategy: Morgan Stanley downgrades defense to equal-weight from overweight 
* European Equity Strategy: Morgan Stanley downgrades food retail to equal-weight from overweight 
* European Equity Strategy: Morgan Stanley upgrades metals & mining to overweight from equal- weight 

 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))