EUROPE RESEARCH ROUNDUP: Volvo, Puma, EasyJet, Iberdrola
25/07/2013 15:04
July 25 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Volvo, Puma and EasyJet, on Thursday.
HIGHLIGHTS
* EasyJet EZJ.L : Panmure, HSBC, Citigroup, Jefferies and UBS raise price target
* BBA Aviation BBA.L : Westhouse Securities raises to add from neutral
* Volvo AB VOLVb.ST : UBS cuts to neutral from buy
* Puma SE PUMG.DE : JP Morgan, Raymond James, UBS cut target price on the stock
* Iberdrola SA IBE.MC : S&P Capital IQ cuts to sell; target to 3.34 euros from 4.11 euros
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order. See bottom of the table for sector changes.
* A.G.Barr PLC BAG.L : Investec raises target price to 585p from 581p; rating add
* A.G.Barr PLC BAG.L : SocGen raises price target to 560p from 530p; rating hold
* Alstom ALSO.PA : Exane BNP Paribas cuts target by 3 percent to 28 euros; rating neutral
* Alstom ALSO.PA : Natixis raises target price to 34 euros from 33 euros; rating buy
* Anglo American AAL.L : JP Morgan cuts target price to 1,675p from 1,820p; rating neutral
* Anglo Platinum Ltd AMSJ.J : HSBC starts with overweight; target price 510 rands
* Aquarius Platinum Ltd AQP.L : HSBC starts with overweight; target price 235p
* ARM Holdings ARM.L : UBS removes from European key calls list
* ARM Holdings ARMH.O : Benchmark raises price target to $48 from $45; ratingbuy
* Atos SE ATOS.PA : SocGen cuts price target to 75 euros from 78 euros; rating buy
* AZ Electronic Materials AZEM.L : Deutsche Bank cuts to hold from buy
* BBA Aviation BBA.L : Westhouse Securities raises to add from neutral
* BBA Aviation BBA.L : Westhouse Securities raises target price to 320p form 250p
* Bodycote PLC BOY.L : Investec raises price target to 660p from 600p; rating buy
* Bouygues SA BOUY.PA : Morgan Stanley raises target price to 31.60 euros from 28.80 euros
* Britvic BVIC.L : Investec cuts to hold from buy; target price to 516p from 545p
* BT BT.L : S&P Capital raises price target to 370p from 310p; rating hold
* Buzzi Unicem BZU.MI : Bernstein cuts target price to 12.60 euros from 12.70 euros
* Capita CPI.L : S&P Capital IQ raises target price to 1300p from 1200p; rating strong buy
* Cementos Portland CPLN.MC : Exane BNP Paribas cuts price target by 17 percent to 3 euros
* Clinigen Group CLINC.L : Numis raises price target to 430p from 340p; rating buy
* Commerzbank AG CBKG.DE : UBS starts with neutral; price target 6.90 euros
* Commerzbank AG CBKG.DE :JP Morgan raises target to 8.87 euros from 8.74 euros
* Compass Group PLC CPG.L : HSBC raises target price to 760p from 700p; rating underweight
* CRH CRH.I : Bernstein raises target to 16.10 euros from 16 euros; rating market perform
* CRH CRH.L : Bernstein raises target to 1386.14p from 1377.53p; rating market perform
* Croda International CRDA.L : Numis cuts target price to 2493p from 2537p; rating hold
* CSR PLC CSR.L : Numis raises price target to 800p from 625p; rating buy
* Daimler DAIGn.DE : Commerzbank raises target price to 64 euros from 60 euros; rating buy
* Daimler DAIGn.F : UBS removes from key calls list
* Daimler DAIGn.DE : JP Morgan raises target to 61 euros from 53 euros; rating overweight
* Daimler DAIGn.DE : S&P Capital IQ raises to hold from sell
* Daimler DAIGn.DE : S&P Capital IQ raises target price to 56 euros from 48 euros
* Dassault Systemes DAST.PA : S&P Capital IQ raises target to 120 euros from 100 euros; buy
* Deutsche Post AG DPWGn.DE : Credit Suisse raises target to 24.45 euros from 21.75 euros
* Devro PLC DVO.L : JP Morgan starts with overweight; target price 354p
* EasyJet EZJ.L : HSBC raises target price to 1470p from 1450p; rating neutral
* EasyJet EZJ.L : Panmure raises price target to 1500p from 1400p; rating buy
* EasyJet EZJ.L : Citigroup raises target price to 1600p from 1450p; rating buy
* EasyJet EZJ.L : Jefferies raises target price to 1470p from 1420p; rating hold
* EasyJet EZJ.L : UBS raises price target to 1560p from 1380p; rating buy
* EFG International EFGN.S : Nomura raises target to Sfr 12.50 from Sfr 11; rating reduce
* EFG International AG EFGN.S : UBS cuts price target to Sfr 14.50 from Sfr 15; rating buy
* Erste Group Bank ERST.VI : SocGen cuts target to 26.30 euros from 28 euros; rating buy
* Euler Hermes ELER.PA : Exane BNP Paribas raises price target by 16 percent to 81 euros
* Euromoney Institutional Investor ERM.L : Westhouse Securities cuts to sell from neutral
* Faes Farma FAE.MC : Exane BNP Paribas cuts price target by 3 percent to 1.55 euros
* Findel PLC FDL.L : JP Morgan raises target price to 161p from 144p; rating underweight
* Fresenius Medical Care FMEG.DE : Berenberg cuts target to 58 euros from 66 euros
* G4S PLC GFS.L : UBS cuts price target to 230p from 240p; rating neutral
* Gamesa Corporacion Tecnologica GAM.MC : HSBC raises target to 5 euros from 4.15 euros
* Groupe Crit CITT.PA : Natixis raises target price to 22 euros from 20 euros; rating buy
* Halma PLC HLMA.L : Investec raises price target to 600p from 550p; rating buy
* Holcim HOLN.VX : Bernstien cuts target price to sfr 91 from sfr 93; rating outperform
* Howden Joinery Group HWDN.L : Numis raises target price to 325p from 265p; rating add
* Iberdrola SA IBE.MC : Citigroup cuts target to 3.80 euros from 3.90 euros; rating neutral
* Iberdrola SA IBE.MC : S&P Capital IQ cuts to sell from hold
* Iberdrola SA IBE.MC : S&P Capital IQ cuts price target to 3.34 euros from 4.11 euros
* Icade SA ICAD.PA : Natixis raises target price to 82 euros from 80.5 euros; rating buy
* Impala Platinum Holdings Ltd IMPJ.J : HSBC starts with overweight; target price 200 rands
* Indesit Company IND.MI : Exane BNP Paribas cuts target by 7 percent to 5 euros
* Invensys PLC ISYS.L : SocGen cuts to hold from buy; raises target price to 500p from 445p
* ISG PLC ISG.L : WH Ireland starts with buy rating; price target of 225p
* J D Wetherspoon JDW.L : Jefferies raises target price to 850p from 600p; rating buy
* J D Wetherspoon JDW.L : JP Morgan raises to neutral from underweight
* J D Wetherspoon JDW.L : JP Morgan raises target to 725p from 520p
* J D Wetherspoon PLC JDW.L : HSBC raises target price to 740p from 700p; rating neutral
* Julius Baer BAER.VX : Helvea raises price target to Sfr 43 from Sfr 40.5; rating neutral
* Kingfisher PLC KGF.L : Citigroup raises target price to 455p from 385p; rating buy
* Kingfisher PLC KGF.L : HSBC raises target price to 450p from 395p; rating overweight
* Kingfisher PLC KGF.L : Natixis raises target price to 400p from 300p; rating neutral
* Kone Corp KNEBV.HE : JP Morgan raises target price to 48.50 euros from 42.50 euros
* Krones AG KRNG.DE : ESN/Equinet Bank raises to accumulate from sell
* Krones AG KRNG.DE : ESN/Equinet Bank raises target price to 71 euros from 48 euros
* Lafarge LAFP.PA : Bernstien cuts target to 53 euros from 56 euros; rating market perform
* Leonteq AG LEON.S : Credit Suisse raises target to Sfr 8