EUROPE RESEARCH ROUNDUP: Nestle, Barclays, Travis Perkins, Royal Bank Of Scotland

Maison Pommery & Associes SA

13/12/2012 15:28

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    
    * Barclays Plc   : Deutsche Bank raises price target to 360p from 300p  
    * Royal Bank Of Scotland   : Deutsche Bank raises price target to 308p from 300p  
    * Travis Perkins   : Deutsche Bank, UBS, Peel Hunt cut price target on the stock 
    * Advanced Medical Solutions Group   : Finncap, Investec cut target on stock 
     
Following is a summary of research actions on European companies reported by Reuters on 
Thursday. Stock entries are in alphabetical order.  
     
    * Anglo American Plc   : JP Morgan cuts target price to 1670p from 1680p 
    * Antofagasta   : JP Morgan raises target price to 1510p from 1370p 
    * AMG Advanced Metallurgical   : ING cuts target price to 9 euros from 10.50 euros 
    * Advanced Medical Solutions Group   : Finncap cuts target price to 75p from 83p 
    * Advanced Medical Solutions Group   : Investec cuts to hold from buy 
    * Advanced Medical Solutions Group   : Investec cuts price target to 68p from 93p 
    * Advanced Medical Solutions Group   : Canaccord Genuity cuts target to 90p from 93p 
    * Advanced Medical Solutions   : N+1 Singer cuts target to 60p from 75p; rating hold  
    * Autogrill SpA   : Credit Suisse raises target price to 10.20 euros from 9.10 euros 
    * Barclays Plc   : Deutsche Bank raises price target to 360p from 300p  
    * Barry Callebaut AG   : Deutsche Bank cuts to hold from buy  
    * Barry Callebaut AG   : Helvea cuts price target by Sfr 20 to Sfr 900; rating neutral 
    * Betfair Group   : Numis cuts price target to 1,000p from 1,100p; rating buy 
    * Beiersdorf Ag   : Barclays raises price target to 50 euros from 46 euros  
    * Betfair Group Plc   : Davy research raises to neutral from underperform 
    * Betfair Group Plc   : Barclays cuts price target to 950p from 1,030p 
    * BHP Billiton   : JP Morgan raises target price to 2245p from 2200p; rating neutral  
    * BMW   : Kepler raises target price to 76 euros from 72 euros; rating buy 
    * 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 
    * Centamin Plc   : Canaccord Genuity cuts to hold from speculative buy 
    * Centamin Plc   : Canaccord Genuity cuts target to 40p from 110p 
    * CEZ   : Nomura cuts price target to Czk 640 from Czk 780; rating reduce  
    * Darty PLC   : UBS raises target price to 60p from 50p; rating buy 
    * Darty PLC   : Natixis raises price target to 50p from 45p; rating neutral 
    * Darty PLC   : SocGen cuts target price to 55.4p from 56.5p; rating hold 
    * Delticom AG   : Citigroup cuts to neutral from buy, cuts price target to 37 euros  
    * Dixons Retail Plc   : UBS raises target price to 28p from 27p; rating neutral 
    * Deutsche Telekom AG   : Barclays cuts to equal weight from overweight 
    * Deutsche Lufthansa AG   : Natixis raises price target to 15 euros from 12.5 euros 
    * 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 
    * Drax Group Plc   : Credit Suisse raises target price 570p from 540p; rating neutral   
  
    * ENRC   : JP Morgan cuts target price to 275p from 420p; rating neutral  
    * E.ON AG   : Nomura cuts to reduce from neutral 
    * E.ON AG   : Nomura cuts price target to 13.70 euros from 15.30 euros 
    * Ferrovial SA   : Kepler cuts target price to 12.6 euros from 12.9 euros; rating buy 
    * Fresnillo   : JP Morgan raises target price to 2150p from 1990p; rating overweight 
    * Homeserve PLC   : Citigroup raises price target to 250p from 215p; rating neutral 
    * 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 
    * Fugro NV   : HSBC cuts price target to 60 euros from 68 euros; rating overweight 
    * GDF Suez SA   : Nomura cuts to neutral from buy 
    * GDF Suez SA   : Nomura cuts price target to 20 euros from 23 euros 
    * Greene King PLC   : Panmure raises target price to 607p from 565p; rating hold 
    * Grafton Group   : Berenberg starts with hold rating 
    * Groupe Partouche SA   : Natixis cuts target to 1 euro from 1.05 euros     
    * 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 
    * Inditex S.A.  : Espirito Santo Investment Bank cuts to neutral from buy  
    * Inditex S.A.  : Espirito Santo Investment cuts value to 110 euros from 116 euros 
    * Intertek Group Plc   : Numis raises to buy from hold 
    * Intertek Group Plc   : Numis raises target price to 3782p from 3050p 
    * IG Group Holdings   : Investec cuts target price to 560p from 600p; rating buy 
    * Imagination Technologies   : Barclays cuts target to 650p from 700p 
    * Imagination Technologies   : Peel Hunt cuts price target to 630p from 730p 
    * Informa   : BofA Merrill raises target price to 550p from 471p; rating buy 
    * John Wood Group   : Canaccord Genuity cuts price target to 900p from 920p; rating hold 
    * KPN   : Barclays cuts target to 8.50 euros from 10 euros 
    * KBC Ancora   : ABN Amro raises target price to 14 euros from 11.7 euros; rating buy 
    * Lagardere    : BofA Merrill cuts to neutral from buy  
    * 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 
    * Metso Oyj   : HSBC cuts to underweight from neutral  
    * Metso Oyj   : HSBC cuts target to 26 euros from 34 euros 
    * Meyer Burger Technology   : HSBC cuts target to Sfr 6.60 from Sfr 10 
    * National Grid   : Credit Suisse raises target price to 770p from 730p 
    * Naturex SA   : Kepler raises target price to 65 euros from 59 euros; rating buy 
    * Nestle SA  : Barclays raises to overweight from equal weight 
    * Nestle SA  : Barclays raises price target to Sfr 70 from Sfr 62 
    * Orpea SA   : Natixis raises price target to 40 euros from 36 euros; rating buy 
    * Pernod Ricard   : Barclays raises price target to 105 euros from 100 euros 
    * Pennon Group   : Credit Suisse raises target price 660p from 650p; rating neutral  
    * Red Eléctrica   : Nomura cuts price target to 39.50 euros from 42 euros; rating buy 
    * Reed Elsevier Plc   : BofA Merrill cuts to underperform from neutral 
    * Reed Elsevier NV   : BofA Merrill cuts to underperform from neutral 
    * Reed Elsevier NV   : BofA Merrill cuts target price to 11.2 euros from 11.6 euros 
    * Renault SA   : UBS cuts target price to 49 euros from 53 euros; rating buy 
    * Renault SA   : Natixis raises target to 50 euros from 47 euros; rating buy 
    * Rio Tinto   : JP Morgan cuts target price to 4200p from 4320p; rating overweight  
    * 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 
    * RWS Holdings   : Numis raises price target to 660p from 625p; rating add 
    * Schibsted   : Citigroup raises to buy from neutral 
    * Societe Generale   : Natixis raises price target to 34 euros from 32 euros 
    * Severn Trent   : Credit Suisse cuts to underperform from neutral  
    * Severn Trent   : Credit Suisse cuts price target to 1460p from 1630p 
    * 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 
    * Societe Generale   : Deutsche Bank raises price target to 28 euros from 27 euros 
    * Sports Direct International   : Seymour Pierce ups target to 440p from 420p 
    * Sports Direct International   : Numis cuts to hold from add  
    * Suez Environnement   : Nomura cuts price target to 12 euros from 12.40 euros 
    * Technotrans AG  :  HSBC raises price target to 9.50 euros from 9 euros 
    * Television Francaise 1 SA   : Barclays ups target to 10 euros from 8.50 euros 
    * TT Electronics Plc   : Peel Hunt raises price target to 160p from 140p; rating buy 
    * Travis Perkins   : UBS cuts price target to 1,100p from 1,140p; rating neutral 
    * Travis Perkins   : Deutsche Bank cuts price target to 1160p from 1191p 
    * Travis Perkins   : Numis raises target price to 1000p from 900p; rating hold 
    * Tryg A/S   : Barclays cuts price target to Dkk 345 from Dkk 346; rating underweight 
    * Tele2 AB   : HSBC cuts price target to Sek 130 from Sek 138; rating neutral 
    * 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 
    * Vossloh AG   : HSBC raises price target to 86 euros from 85 euros 
    * 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 
    * Victrex PLC   : Numis raises to hold from reduce 
    * Vranken   : Barclays cuts target to 21 euros from 28 euros;rating equal weight 
    * Wolters Kluwer   : BofA Merrill raises to buy from neutral 
    * Wolf Minerals   : Investec cuts target price to 29.4p from 31.6p; rating buy 
    * Wolters Kluwer   : BofA Merrill raises price objective to 19 euros from 15 euros  
    * ZE PAK   : JP Morgan starts with overweight rating 
    * ZON Multimedia   : JP Morgan cuts target to 2.90 euros from 3.10 euros 
     
 ((Compiled by Krithika Krishnamurthy; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S. 
+1 646 223 8780)) 
 
 
Keywords: RESEARCH EUROPE/