EUROPE RESEARCH ROUNDUP: Nestle, Barclays, Heineken, Royal Bank Of Scotland

Maison Pommery & Associes SA

13/12/2012 09:00

Dec 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Deutsche Telekom, Royal Bank Of Scotland on Thursday.  
 
    HIGHLIGHTS 
    * Nestle   : Barclays raises to overweight; raises target on stock    
    * Deutsche Telekom   : Barclays cuts to equal weight from overweight 
    * Barclays Plc   : Deutsche Bank raises price target to 360p from 300p  
    * Heineken   : Barclays cuts to underweight; ups target on the stock    
    * Royal Bank Of Scotland   : Deutsche Bank raises price target to 308p from 300p  
     
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.  
     
    * Barclays Plc   : Deutsche Bank raises price target to 360p from 300p  
    * Beiersdorf Ag   : Barclays raises price target to 50 euros from 46 euros  
    * Britvic Plc   : Barclays raises price target to 400p from 370p; rating overweight  
    * Carlsberg   : Barclays ups target to Dkk 525 from Dkk 495; rating equal weight 
    * CEZ   : Nomura cuts price target to Czk 640 from Czk 780; rating reduce  
    * Deutsche Telekom AG   : Barclays cuts to equal weight from overweight 
    * DBV Technologies SA   : SocGen raises target to 13.6 euros from 12 euros; rating buy 
    * Derichebourg SA   : SocGen raises target price to 4 euros from 3 euros; rating buy 
    * Deutsche Telekom AG   : Barclays cuts price target to 9.50 euros from 10.50 euros 
    * E.ON AG   : Nomura cuts to reduce from neutral 
    * E.ON AG   : Nomura cuts price target to 13.70 euros from 15.30 euros 
    * Electricite de France   : Nomura cuts price target to 18.75 euros from 21.50 euros 
    * Enagas SA   : Nomura raises to neutral from reduce 
    * Enagas SA   : Nomura raises price target to 16 euros from 14 euros 
    * Fortum Oyj   : Nomura cuts target to 13.40 euros from 14.80 euros; rating reduce 
    * GDF Suez SA   : Nomura cuts to neutral from buy 
    * GDF Suez SA   : Nomura cuts price target to 20 euros from 23 euros 
    * Grafton Group   : Berenberg starts with hold rating 
    * Heineken NV   : Barclays cuts to underweight from equal weight 
    * Heineken NV   : Barclays ups price target to 48 euros from 45 euros 
    * Henkel  : Barclays ups price target to 72 euros from 64 euros; rating overweight 
    * Hochtief AG   : Berenberg raises to buy from hold; target to 51 euros from 44 euros 
    * HSBC Holdings   : Deutsche Bank raises price target to 715p from 650p  
    * HSBC Holdings Plc   : Deutsche Bank raises to buy from hold 
    * Imagination Technologies   : Barclays cuts target to 650p from 700p 
    * KPN   : Barclays cuts target to 8.50 euros from 10 euros 
    * L'Oreal SA   : Barclays raises price target to 117 euros from 110 euros  
    * Lloyds Banking Group   : Deutsche Bank raises price target to 66p from 55p  
    * Nestle SA  : Barclays raises to overweight from equal weight 
    * Nestle SA  : Barclays raises price target to Sfr 70 from Sfr 62 
    * Pernod Ricard   : Barclays raises price target to 105 euros from 100 euros 
    * Red Eléctrica   : Nomura cuts price target to 39.50 euros from 42 euros; rating buy 
    * Royal Bank Of Scotland   : Deutsche Bank raises price target to 308p from 300p  
    * RWE AG   : Nomura cuts to reduce from neutral 
    * RWE AG   : Nomura cuts price target to 32 euros from 33.20 euros 
    * Standard Chartered Plc   : Deutsche Bank raises price target to 1657p from 1620p  
    * Snam SpA   : Nomura cuts price target to 3.85 euros from 4 euros; rating buy 
    * Suez Environnement   : Nomura cuts price target to 12 euros from 12.40 euros 
    * Terna Rete Elettrica   : Nomura ups target to 3.30 euros from 3.25 euros; rating buy 
    * Unilever   : Barclays raises target to 34 euros from 31.50 euros; rating overweight  
    * Unilever Plc   : Barclays raises price target to 2750p from 2500p; rating overweight 
    * Veolia Environnement   : Nomura cuts price target to 9.90 euros from 10.10 euros 
    * VERBUND AG   : Nomura cuts target to 17.60 euros from 19.40 euros; rating reduce 
    * Vranken   : Barclays cuts target to 21 euros from 28 euros;rating equal weight 
         
 ((Compiled by Krithika Krishnamurthy; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. 
+1 646 223 8780)) 
 
 
Keywords: RESEARCH EUROPE/