Europe Research Roundup: Mondi, Ryanair Holdings, Zalando

Maison Pommery & Associes SA

18/12/2017 23:25

Dec 18 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Mondi, Ryanair Holdings and Zalando, on Monday.  
     
    HIGHLIGHTS 
     * Bone Therapeutics  BOTHE.BR : KBC Securities cuts to accumulate from buy  
     * H&M  HMb.ST : UBS cuts to neutral from buy 
     * Mondi Plc  MNDI.L : Deutsche Bank raises to buy from hold 
     * Ryanair Holdings Plc  RYA.I : Credit Suisse cuts to neutral from outperform       
     * Zalando SE  ZALG.DE : Kepler Cheuvreux cuts to hold from buy 
 Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.  
   
     * Anglo American Plc  AAL.L : BMO raises target price to 1700p from 1600p 
     * Atalaya Mining Plc  ATYM.L : BMO raises price target to 210p from 190p 
     * Atos  ATOS.PA : Kepler Cheuvreux cuts target price to EUR 140 from EUR 155 
     * Bank Saint Petersburg  BSPB.MM :Finam ups target by 5% to RUB 78.3, maintains buy rating 
     * Barratt Developments Plc  BDEV.L : Liberum raises target price to 575p from 537p 
     * Bellway Plc  BWY.L : Liberum raises target price to 3930p from 3336p 
     * Berkeley Group Holdings Plc  BKGH.L : Liberum raises target price to 4050p from 3317p 
     * Brenntag AG  BNRGn.DE : Deutsche Bank raises target to 57.50 euros from 56 euors; buy 
     * Bone Therapeutics  BOTHE.BR : KBC Securities cuts target to EUR 11.00 from EUR 12.00 
     * Bone Therapeutics  BOTHE.BR : KBC Securities cuts to accumulate from buy  
     * Bovis Homes Group Plc  BVS.L : Liberum raises target price to 1100p from 965p 
     * Commerzbank AG  CBKG.DE : HSBC raises target price to 12 euros from 11.5 euors; hold 
     * Consti Group Plc  CONSTI.HE : Evli cuts target price to EUR 9.60 from EUR 11.80; hold 
     * Consti Group Plc  CONSTI.HE : Inderes cuts target price to EUR 9.0 from EUR 11.50;reduce 
     * Corem Property Group  COREa.ST : Kepler Cheuvreux ups target to SEK 5.20 from SEK 5.19 
     * Deutsche Wohnen SE  DWNG.DE : Kepler Cheuvreux raises target price to EUR 38 from EUR 37 
     * Diurnal Group Plc  DNL.L : Numis raises price target by 10 pct to 185p 
     * En+ Group Plc  ENPLq.L : BMO raises target price to $16.5 from $15.5 
     * Enagas  ENAG.MC : Morgan Stanley cuts target to 25.20 euros from 26 euors; equal-weight 
     * European Commercial & Professional Services: Kepler Cheuvreux raises to neutral from underweight 
     * European Diversified Financials Sector: Kepler Cheuvreux cuts to underweight from neutral 
     * European Technology Sector: Kepler Cheuvreux cuts to underweight from neutral 
     * European Transportation Sector: Kepler Cheuvreux cuts to neutral from overweight 
     * Fenner Plc  FENR.L : Jefferies raises price target to 450p from 390p; rating buy 
     * Fidessa Group Plc  FDSA.L : Numis cuts price target to 2800p from 2860p 
     * Fidessa Group Plc  FDSA.L : Numis cuts to add from buy 
     * Galliford TRY Plc  GFRD.L : Liberum raises target price to 1550p from 1473p 
     * Gemalto  GTO.AS : Credit Suisse raises price target to 51 euros from 46 euros 
     * Gemalto  GTO.AS : Natixis raises price target to 51 euros from 46 euros 
     * Gemalto  GTO.AS : UBS raises target price to 51 euros from 46 euors; rating neutral 
     * GKN Plc  GKN.L : Investec cuts target price to 360p from 400p 
     * Glencore Plc  GLEN.L : BMO raises target price to 425p from 400p 
     * H&M  HMb.ST : Deutsche Bank cuts target price to SEK 150 from SEK 185 
     * H&M  HMb.ST : Kepler Cheuvreux cuts target price to SEK 200 from SEK 255 
     * H&M  HMb.ST : Telsey Advisory Group cuts target price to SEK 200; rating market perform 
     * H&M  HMb.ST : UBS cuts target price to SEK 170 from SEK 240 
     * H&M  HMb.ST : UBS cuts to neutral from buy 
     * IMI Plc  IMI.L : Barclays raises target price to 1460p from 1435p 
     * IMI Plc  IMI.L : Morgan Stanley raises target price to 1250p from 1240p 
     * Kingspan Group Plc  KSP.I : Barclays raises target price to EUR 39 from EUR 37 
     * Laird Plc  LRD.L : Barclays cuts target price to 143p from 145p 
     * Leg Immobilien AG  LEGn.DE : Kepler Cheuvreux raises target to EUR 105 from EUR 100 
     * Londonmetric Property Plc  LMPL.L : Stifel raises target price to 190p from 177p 
     * Melrose Industries Plc  MRON.L : Barclays cuts target price to 240p from 250p 
     * Mj Gleeson Plc  GLEG.L : Liberum raises target price to 830p from 804p 
     * Mondi Plc  MNDI.L : Deutsche Bank raises to buy from hold 
     * Morgan Advanced Materials Plc  MGAMM.L : Barclays raises target price to 330p from 325p 
     * Neo Industrial Oyj  NEO1V.HE : Inderes cuts target to EUR 5.0 from EUR 6.0; reduce 
     * Nextstage SCA  NEXTS.PA : Portzamparc ups target to EUR 110.4 from EUR 109.9; accumulate 
     * Opap  OPAr.AT : Credit Suisse cuts target price to EUR 10.60 from EUR 11 
     * Outokumpu Oyj  OUT1V.HE : Kepler Cheuvreux cuts target price to EUR 6.80 from EUR 7.30 
     * Oxford Instruments Plc  OXIG.L : Barclays cuts target price to 1090p from 1145p 
     * Palfinger AG  PALF.VI : Kepler Cheuvreux cuts target price to EUR 37 from EUR 40 
     * Persimmon Plc  PSN.L : Liberum raises target price to 2740p from 2382p 
     * Rai Way SpA  RWAY.MI : Credit Suisse raises target price to EUR 5.10 from EUR 3.90 
     * Redrow Plc  RDW.L : Liberum cuts target price to 730p from 734p 
     * Renishaw Plc  RSW.L : Barclays raises target price to 4100p from 3880p 
     * Rotork Plc  ROR.L : Barclays raises target price to 260p from 255p 
     * Ryanair Holdings Plc  RYA.I : Credit Suisse cuts target to EUR 16.18 from EUR 19.32 
     * Ryanair Holdings Plc  RYA.I : Credit Suisse cuts to neutral from outperform 
     * Salvatore Ferragamo SpA  SFER.MI : Bernstein cuts target to 24 euros from 25.5 euros 
     * Sberbank  SBER.MM : Deutsche Bank raises target price to 310 Roubles from 300 Roubles 
     * Showroomprive  SRPG.PA : Deutsche Bank cuts target price to 7.50 euros from 10 euros 
     * Sopra Steria Group SA  SOPR.PA : Kepler Cheuvreux raises target to EUR 150 from EUR 135 
     * South32 Ltd  S32.L : BMO raises target price to 250p from 225p 
     * Spectris Plc  SXS.L : Barclays raises target price to 2750p from 2710p 
     * SThree Plc  STHR.L : UBS raises target price to 450p from 440p 
     * Taylor Wimpey Plc  TW.L : Liberum raises target price to 200p from 181p 
     * Tele2 AB  TEL2b.ST : HSBC raises target price to SEK 100 from SEK 86; rating hold 
     * Tele2 AB  TEL2b.ST : RBC raises target price to SEK 96 from SEK 88 
     * Telit Communications Plc  TELT.L : RBC cuts target price to 170p from 180p 
     * Tharisa Plc  THST.L : BMO cuts target price to 140p from 150p 
     * Tigenix NV  G9U.BR : KBC Securities raises target price to EUR 1.40 from EUR 1.00; buy 
     * TUI AG  TUIGn.DE : Independent Research raises target to EUR 17.90 from EUR 16.30; hold 
     * Ultra Electronics Holdings Plc  ULE.L : Barclays cuts target price to 1290p from 2045p 
     * Unilever  UNc.AS : Kepler Cheuvreux cuts target price to EUR 54 from EUR 55 
     * Veolia  VIE.PA : Barclays raises target price to EUR 22.80 from EUR 20.80 
     * Vranken Pommery Monopole SA  VRKP.PA : Natixis raises target to 26 euros from 25 euros 
     * Zalando SE  ZALG.DE : Kepler Cheuvreux cuts to hold from buy 
     
  SECTOR CHANGES  
     * European Commercial & Professional Services: Kepler Cheuvreux raises to neutral from underweight 
     * European Diversified Financials Sector: Kepler Cheuvreux cuts to underweight from neutral 
     * European Technology Sector: Kepler Cheuvreux cuts to underweight from neutral 
     * European Transportation Sector: Kepler Cheuvreux cuts to neutral from overweight 
  
 (Compiled by Bengaluru Newsroom) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/