Europe Research Roundup: Randstad, Swedbank, Swedish Match

Mayr-Melnhof Karton AG

25/01/2016 07:43

Jan 25 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Mayr Melnhof Karton 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  
    * Galapagos NV  GLPG.AS : Goldman Sachs cuts to neutral from buy 
    * 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.    
     
    * Adecco SA  ADEN.VX : RBC raises to sector perform from underperform 
    * AK Alrosa  ALRS.MM : Renaissance Capital raises to hold from sell 
    * Atlas Copco  ATCOa.ST : Jefferies cuts target price to Sek 270 from Sek 280; rating buy 
    * Big Yellow  BYG.L : Jefferies cuts price target to 654p 
    * 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 
    * Derwent London Plc  DLN.L : Jefferies cuts price target to 3,055p 
    * Galapagos NV  GLPG.AS : Goldman Sachs cuts target price to 26 euros from 56 euros 
    * Galapagos NV  GLPG.AS : Goldman Sachs cuts to neutral from buy 
    * Galapagos NV  GLPG.AS : Goldman Sachs removes from Pan-Europe buy list 
    * Grainger Plc  GRI.L : Jefferies cuts price target to 240p 
    * Great Portland Estates Plc  GPOR.L : Jefferies cuts price target to 705p 
    * 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 
    * Hays Plc  HAYS.L : RBC raises to outperform from sector perform 
    * Intu Properties Plc  INTUP.L : Jefferies cuts price target to 247p 
    * Laird Plc  LRD.L : UBS cuts target price to 350p from 400p; rating neutral 
    * Land Securities  LAND.L : Jefferies cuts price target to 957p 
    * Londonmetric Property  LMPL.L : Jefferies cuts price target to 153p 
    * 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 
    * Mondi Plc  MNDI.L : Deutsche Bank cuts target price to 1650p from 1750p 
    * 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 
    * Phosagro  PHORq.L : Renaissance Capital cuts target price to $18 from $19; rating buy 
    * Randstad  RAND.AS : RBC raises to sector perform from underperform  
    * Safestore Holdings  SAFE.L : Jefferies raises target price to 361p; rating hold 
    * Segro Plc  SGRO.L : Jefferies raises target price to 414p; rating hold 
    * Shaftesbury Plc  SHB.L : Jefferies cuts target price to 801p; rating hold 
    * SEB  SEBa.ST : Jefferies cuts target price to Sek 98; rating buy 
    * SHB  SHBa.ST : Jefferies cuts target price to Sek 105; rating 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 
    * Unite  UTG.L : Jefferies cuts target price to 569p 
    * Unite  UTG.L : Jefferies raises to hold rating 
    * Workspace  WKP.L : Jefferies cuts target price to 804p; rating hold 
    * Zurich Insurance  ZURN.VX : Barclays cuts target to Sfr 286 from Sfr 291; overweight 
 
 (Compiled by Eileen Soreng in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/