Europe Research Roundup: Randstad, Lonmin, Swedish Match

Mayr-Melnhof Karton AG

25/01/2016 13:34

Jan 25 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Mayr Melnhof Karton, Lonmin and Galapagos NV, on Monday.  
     
     
    HIGHLIGHTS 
    * Swedbank AB  SWEDa.ST : Jefferies raises to hold   
    * Randstad  RAND.AS : RBC raises to sector perform from underperform  
    * Swedish Match AB  SWMA.ST : Nomura cuts to reduce from neutral  
    * Lonmin  LMI.L : CIBC raises to sector performer 
    * Mayr Melnhof Karton  MMKV.VI : Deutsche Bank 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.    
     
     
    * 3I Group Plc  III.L : Barclays cuts target price to 560p from 570p; rating overweight   
    * 3I Group Plc  III.L : SocGen raises target price to 650p from 630p; rating buy   
    * AB SKF  SKFb.ST : Citigroup cuts price target to Sek 130 from Sek 156 
    * ABB Ltd  ABBN.VX : Credit Suisse cuts target price to Sfr 19 from Sfr 20; rating neutral  
    * Abcam Plc  ABCA.L : Numis cuts to add from buy 
    * Acacia Mining Plc  ACAA.L : CIBC cuts target price to 230p from 240p  
    * Adecco SA  ADEN.VX : RBC raises to sector perform from underperform 
    * Adecco SA  ADEN.VX : RBC cuts price target to Sfr 61 from Sfr 63 
    * Air France  AIRF.PA : Davy raises target price to 10 euros from 6 euros   
    * Air France  AIRF.PA : Davy raises to outperform from neutral   
    * AK Alrosa  ALRS.MM : Renaissance Capital raises to hold from sell 
    * Alfa Laval AB  ALFA.ST : Citigroup cuts target price to Sek 126 from Sek 138   
    * Alimak Group  ALIG.ST : Citigroup cuts target price to Sek 100 from Sek 117 
    * Atlas Copco  ATCOa.ST : Jefferies cuts target price to Sek 270 from Sek 280; rating buy    
    * Alten SA  LTEN.PA : Berenberg raises target price to 58 euros from 55 euros; rating buy   
    * Arcadis NV  ARDS.AS : KBC Securities cuts to hold from accumulate   
    * Arctic Paper SA  ATC.WA : ING raises target price to Pln 5.45 from Pln 5.12; rating buy   
    * Arbuthnot  ARBB.L : Numis raises to add from hold  
    * Atkins  ATKW.L : Peel Hunt cuts to add from buy 
    * Atlas Copco AB  ATCOa.ST : Citigroup cuts target price to Sek 217 from Sek 261 
    * Atlas Copco AB  ATCOa.ST : Credit Suisse cuts to neutral from outperform   
    * Atlas Copco AB  ATCOa.ST : Credit Suisse cuts target price to Sek 210 from Sek 255   
    * Atlas Copco AB  ATCOa.ST : JP Morgan cuts target price to Sek 230 from Sek 245; overweight 
  
    * Axfood  AXFO.ST : SEB raises to hold rating 
    * Beazley Plc  BEZG.L : Numis raises to buy from add      
    * Berendsen  BRSN.L : Peel Hunt cuts to add from buy 
    * Berentzen Gruppe AG  BEZ.DE : Berenberg cuts target price to 9.70 euros from 10 euros; buy 
  
    * BG  BG.L : HSBC cuts target price to 1,100p from 1,190p 
    * Big Yellow  BYG.L : Jefferies cuts price target to 654p 
    * Billerudkorsnas Publ AB  BILL.ST : Danske Bank cuts target price to Sek 180; rating buy  
    * BME  BME.MC : RBC cuts price target to 28 euros from 34 euros   
    * BP Plc  BP.L : HSBC cuts target price to 405p from 430p   
    * British American Tobacco  BATS.L : Nomura raises target to 4810p from 4410p; rating buy 
    * British Land  BLND.L : Jefferies cuts price target to 615p 
    * Capital & Counties  CAPCC.L : Jefferies cuts price target to 314p 
    * Carillion  CLLN.L : Peel Hunt cuts to add from buy 
    * Carrefour  CARR.PA : Raymond James cuts target price to 30 euros from 32 euros; outperform 
  
    * Cewe Stiftung & Co KGaA  CWCG.DE : Deutsche Bank cuts target price to 65 euros 
    * Close Brothers Group  CBRO.L : JP Morgan cuts target price to 1630p from 1780p; overweight 
  
    * Credit Suisse  CSGN.VX : Independent Research cuts target to Chf 20.00; rating hold  
    * Dampskibsselskabet Norden DNORD.CO :Handelsbanken cuts target to Dkk 150 from Dkk 180  
    * Datwyler  DAE.S : Vontobel cuts target price to Sfr 130 from Sfr 135; rating hold   
    * Derwent London Plc  DLN.L : Jefferies cuts price target to 3,055p 
    * Deutsche Boerse AG  DB1Gn.DE : RBC raises to outperform rating 
    * Deutsche Boerse AG  DB1Gn.DE : RBC raises price target to 88 euros from 87 euros     
    * Diageo Plc  DGE.L : Canaccord Genuity cuts target price to 1660p from 1662p; rating sell   
    * Diageo Plc  DGE.L : Investec raises target price to 2230p from 2100p; rating buy   
    * Dno ASA  DNO.OL : Macquarie cuts target price by 3 Pct to Nok 10; rating outperform  
    * easyJet Plc  EZJ.L : Davy cuts target price to 1650p from 1800p; rating neutral  
    * Earthport  EPO.L : Panmure reinitiates with price target 55p; rating buy  
    * Electrolux AB  ELUXb.ST : Credit Suisse cuts target price to Sek 205 from Sek 220; neutral 
    * ElringKlinger  ZILGn.DE : Deutsche Bank raises to buy from hold; target price to 27 euros  
    * Enel SpA  ENEI.MI : HSBC cuts price target to 4.8 euros from 5 euros; rating buy   
    * Engie SA  ENGIE.PA : UBS cuts target price to 16.5 euros from 17.5 euros; rating buy   
    * Eni  ENI.MI : HSBC cuts target price to 13.7 euros from 15.90 euros 
    * Euronext NV  ENX.PA : RBC cuts to sector perform from outperform   
    * Euronext NV  ENX.PA : RBC raises price target to 49 euros from 47 euros 
    * Europcar  EUCAR.PA : Goldman Sachs cuts price target to 14.1 euros from 16.3 euros 
    * EVS Broadcast Equipment SA  EVSB.BR : KBC Securities raises to accumulate from hold   
    * Fenner Plc  FENR.L : Credit Suisse cuts to underperform from neutral   
    * Fenner Plc  FENR.L : Credit Suisse cuts target price to 100p from 150p   
    * Fevertree Drinks Plc  FEVR.L : Investec raises target price to 740p from 700p; rating buy  
    * Fiat Chrysler Automobiles NV  FCHA.MI : Deutsche Bank cuts target to 8 euros from 14 euros 
    * Fincantieri  FCT.MI : Credit Suisse cuts target price to 0.30 eur from 0.44 eur; neutral 
    * Galapagos NV  GLPG.AS : Goldman Sachs raises target price to 56 euros from 26 euros 
    * Galapagos NV  GLPG.AS : Goldman Sachs cuts to neutral from buy 
    * Galapagos NV  GLPG.AS : Goldman Sachs removes from Pan-Europe buy list 
    * GEA Group AG  G1AG.DE : Citigroup cuts target price to 38.10 euros from 39.90 euros 
    * Geberit  GEBN.VX : Credit Suisse raises to outperform from neutral   
    * Geberit  GEBN.VX : Credit Suisse raises price target to Sfr 375 from Sfr 330   
    * Gerry Weber International AG  GWIG.DE : Deutsche Bank cuts target price to 14 euros 
    * GKN  GKN.L : Credit Suisse cuts to neutral from outperform   
    * GKN  GKN.L : Credit Suisse cuts target price to 310p from 320p   
    * Grainger Plc  GRI.L : Jefferies cuts price target to 240p 
    * Great Portland Estates Plc  GPOR.L : Jefferies cuts price target to 705p 
    * Grenkeleasing AG  GLJn.DE : Berenberg raises target price to 197 euros from 143 euros;hold 
  
    * Hammerson Plc  HMSO.L : Jefferies cuts price target to 584p 
    * Hansteen Holdings  HSTN.L : Jefferies cuts price target to 115p 
    * Hargreaves Lansdown  HRGV.L : RBC cuts target price to 1300p from 1400p; sector perform 
    * Havelock Europa  HAVE.L : WH Ireland starts with a buy rating; 12p price target   
    * Hays Plc  HAYS.L : RBC raises to outperform from sector perform 
    * Hays Plc  HAYS.L : RBC cuts price target to 140p from 150p   
    * Heineken  HEIN.AS : Deutsche Bank raises target price to 90 euros from 88 euros; buy   
    * Hiscox  HSX.L : Peel Hunt cuts to reduce from hold; raises target price to 830p from 785p  
    * HSS  HSS.L : Peel Hunt cuts to hold from add 
    * IAG  ICAG.L : Davy raises target price to 800p from 700p; rating outperform   
    * Iliad SA  ILD.PA : Deutsche Bank raises price target to 266 euros from 237 euros   
    * Iliad SA  ILD.PA : Deutsche Bank raises to buy from hold 
    * IMI  IMI.L : Credit Suisse cuts to underperform from neutral   
    * IMI  IMI.L : Credit Suisse cuts target price to 710p from 870p   
    * Inmarsat Plc  ISA.L : HSBC cuts price target to 1130p from 1190p; rating hold   
    * Intu Properties Plc  INTUP.L : Jefferies cuts price target to 247p 
    * J D Wetherspoon Plc  JDW.L : Deutsche Bank cuts target price to 585p; rating hold   
    * Kingfisher Plc  KGF.L : Credit Suisse raises target price to 420p from 400p; outperform  
    * Kone  KNEBV.HE : Citigroup cuts target price to 32.30 euros from 33.60 euros 
    * Laird Plc  LRD.L : UBS cuts target price to 350p from 400p; rating neutral 
    * Land Securities  LAND.L : Jefferies cuts price target to 957p 
    * Lancashire  LRE.L : Numis raises to add from hold 
    * Lloyds Banking Group Plc  LLOY.L : JP Morgan cuts target price to 90p from 98p; overweight 
  
    * London Stock Exchange Group Plc  LSE.L : RBC raises price target to 3,000p from 2,900p 
    * Londonmetric Property  LMPL.L : Jefferies cuts price target to 153p 
    * Lonmin  LMI.L : CIBC raises to sector performer; cuts target price to 90p  
    * Mayr Melnhof Karton  MMKV.VI : Deutsche Bank cuts target price to 110 euros from 115 euros 
    * Mayr Melnhof Karton  MMKV.VI : Deutsche Bank cuts to hold from buy 
    * Metro AG  MEOG.DE : Bernstein cuts target price to 33 euros from 40 euros; outperform   
    * Metro AG  MEOG.DE : Raymond James cuts target price to 33 euros from 36 euros; strong buy 
    * Metso Oyj  MEO1V.HE : Citigroup cuts target price to 19.40 euros from 23.80 euros 
    * Metso Oyj  MEO1V.HE : Credit Suisse cuts target price to 21 euros from 23 euros; neutral 
    * MHP SA  MHPCq.L : HSBC cuts price target to $11.9 from $16.2; rating buy   
    * Michael Page  MPI.L : RBC cuts price target to 410p from 450p 
    * Mondi Plc  MNDI.L : Deutsche Bank cuts target price to 1650p from 1750p 
    * Morgan Advanced  MGAMM.L :Credit Suisse cuts target to 195p from 255p; underperform 
    * Morgan Sindall  MGNS.L : Peel Hunt raises to add from hold 
    * Ncc AB  NCCb.ST ; Danske Bank raises rating to buy from hold; target price Sek 300 
    * Nordea Bank AB  NDA.ST : Jefferies cuts target price to Sek 91; rating hold 
    * Norilsk Nickel  GMKNq.l : Renaissance Capital cuts target to $17.1 from $20; rating buy 
    * Norwegian Air Shuttle  NWC.OL : Davy cuts target price to Nok 280 from Nok 380; neutral 
    * Novozymes A/S  NZYMb.CO : UBS cuts target price to Dkk 363 from Dkk 385; rating buy   
    * Old Mutual Plc  OML.L : Barclays cuts target price to 210p from 235p; rating overweight   
    * Old Mutual Plc  OML.L : UBS cuts target price to 200p from 210p; rating buy   
    * Orange SA  ORAN.PA : Deutsche Bank raises price target to 17.90 euros from 17.40 euros  
    * Pan African Resources Plc  PAFR.L : CIBC raises target price to 11p from 10p 
    * Phosagro  PHORq.L : Renaissance Capital cuts target price to $18 from $19; rating buy 
    * Randstad  RAND.AS : RBC raises to sector perform from underperform  
    * Randstad  RAND.AS : RBC cuts price target to 47.5 euros from 51 euros 
    * Renishaw Plc  RSW.L : Credit Suisse cuts price target to 1795p from 2370p; rating neutral 
    * Rentokil  RTO.L : Peel Hunt raises to add from hold 
    * Repsol  REP.MC : HSBC cuts target price to 9.6 euros from 12.43 euros 
    * Rexel SA  RXL.PA : Credit Suisse cuts price target to 9 euros from 14 euros; underperform 
    * Rotork Plc  ROR.L : Credit Suisse cuts price target to 175p from 190p; rating neutral 
    * Royal Dutch Shell Plc  RDSa.L : HSBC cuts target price to 1,720p from 1,960p 
    * Royal Dutch Shell Plc  RDSb.L : HSBC cuts target price to 1,720p from 1,960p 
    * Ryanair  RYA.I : Davy raises target price to 16.50 euros from 15.50 euros; outperform 
    * Safestore Holdings  SAFE.L : Jefferies raises target price to 361p; rating hold 
    * Safran SA  SAF.PA : Berenberg raises target price to 70 euros from 65 euros; rating buy   
    * Saipem SpA  SPMI.MI : ESN/Banca Akros cuts target price to 0.45 euros from 0.89 euros   
    * Saipem SpA  SPMI.MI : ESN/Banca Akros cuts to reduce from neutral 
    * Sandvik AB  SAND.ST : Citigroup cuts target price to Sek 72 from Sek 85.30 
    * Sandvik AB  SAND.ST : Credit Suisse cuts price target to Sek 65 from Sek 73; underperform 
    * SAP  SAPG.DE : Citigroup raises target price to 88 euros from 83 euros; rating buy   
    * SAP  SAPG.DE : UBS cuts target price to 80 euros from 82 euros; rating buy   
    * Schaeffler  SHA_p.TG : Citigroup cuts price target to 14.50 euros from 16.30 euros 
    * Schindler  SCHN.S : Citigroup cuts target price to Sfr 153 from Sfr 167 
    * Schneider Electric  SCHN.PA : Credit Suisse cuts target to 60euros from 63euros;outperform 
    * Schoeller Bleckmann  SBOE.VI : Berenberg cuts target price to 39 euros from 40 euros; sell 
  
    * Segro Plc  SGRO.L : Jefferies raises target price to 414p; rating hold 
    * Senior  SNR.L : Credit Suisse cuts price target to 245p from 285p; rating outperform 
    * Shaftesbury Plc  SHB.L : Jefferies cuts target price to 801p; rating hold 
    * Shawbrook Bank  SHAW.L : Numis raises to add from hold  
    * Shire  SHP.L : Bernstein cuts price target to 5000p from 5700p  
    * SEB  SEBa.ST : Jefferies cuts target price to Sek 98; rating buy 
    * SHB  SHBa.ST : Jefferies cuts target price to Sek 105; rating hold 
    * Shire Plc  SHP.L : Bernstein cuts target price to 5000p from 5700p; rating outperform   
    * Siemens AG  SIEGn.DE : Credit Suisse cuts price target to 90 euros; rating neutral 
    * SKF  SKFb.ST : Credit Suisse cuts price target to Sek 120 from Sek 130; underperform 
    * Smiths Group Plc  SMIN.L : Credit Suisse cuts price target to 1020p from 1100p; neutral 
    * Spectris Plc  SXS.L : Credit Suisse cuts to neutral from outperform   
    * Spectris Plc  SXS.L : Credit Suisse cuts target price to 1730p from 1955p   
    * Speedy Hire  SDY.L : Peel Hunt cuts to reduce from hold 
    * Sports Direct  SPD.L : Haitong Research cuts fair value by 7 pct to 400p; rating neutral   
    * Statoil  STL.OL : HSBC cuts target price to Nok 127 from Nok 150 
    * Stora Enso  STERV.HE : SEB cuts price target to 8.50 euros from 9.30 euros   
    * Stora Enso  STERV.HE : SEB raises to buy from hold  
    * SVG Capital Plc  SVI.L : Jefferies starts with buy rating; 585p price target 
    * Swedbank AB  SWEDa.ST : Jefferies raises to hold 
    * Swedish Match AB  SWMA.ST : Nomura cuts to reduce from neutral 
    * Swedish Match AB  SWMA.ST : Nomura raises target price to Sek 286 from Sek 283 
    * Syngenta AG  SYNN.VX : Investec cuts target price to Sfr 424 from Sfr 440; rating buy   
    * Sylvania Platinum  SLPL.L : CIBC cuts target price to 8p from 12p 
    * Telefonica SA  TEF.MC : HSBC cuts target price to 11.5 euros from 14.4 euros; rating buy   
    * Teliasonera  TLSN.ST : Deutsche Bank cuts target price to Sek 42; rating hold 
    * Tom Tailor Holding AG  TTIGn.DE : Deutsche Bank cuts target price to 8 euros  
    * Total  TOTF.PA : HSBC cuts target price to 45 euros from 51 euros 
    * Trelleborg AB  TRELb.ST : Citigroup cuts price target to Sek 166 from Sek 190 
    * Trelleborg AB  TRELb.ST : SEB raises to buy from hold  
    * TT Electronics Plc  TTG.L : Investec starts with hold; price target 150p   
    * Unibail Rodamco SE  UNBP.AS : Morgan Stanley raises to equal weight from underweight   
    * Unibet  UNIBsdb.ST : SEB cuts price target to Sek 104 from Sek 106 
    * Unite  UTG.L : Jefferies cuts target price to 569p 
    * Unite  UTG.L : Jefferies raises to hold rating 
    * Vesuvius  VSVS.L : Credit Suisse cuts price target to 275p from 325p; rating underperform 
    * Vienna Insurance  VIGR.VI : JP Morgan cuts target to 27 euros from 31 euros; underweight 
    * Volvo  VOLVb.ST : Citigroup cuts price target to Sek 105 from Sek 117 
    * VP  VP.L : Peel Hunt cuts to add from buy 
    * Vranken Pommery  VRKP.PA : Natixis raises target price to 27 euros from 25 euros; neutral  
    * Weir Group  WEIR.L : Credit Suisse cuts price target to 1250p from 1360p   
    * Workspace  WKP.L : Jefferies cuts target price to 804p; rating hold 
    * Wolseley Plc  WOS.L : Credit Suisse cuts target price to 4300p from 4700p; outperform   
    * Zalando SE  ZALG.DE : Morgan Stanley raises target to 35 euros from 32 euros; overweight  
    * Zurich Insurance  ZURN.VX : Barclays cuts target to Sfr 286 from Sfr 291; overweight 
    * Zurich Insurance  ZURN.VX : Exane BNP Paribas cuts to neutral from outperform 
    * Zurich Insurance  ZURN.VX : Exane BNP Paribas cuts target price to Sfr 260   
 
     
 
 (Compiled by Eileen Soreng in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/