EUROPE RESEARCH ROUNDUP: GlaxoSmithKline, L'Oreal, Reckitt Benckiser
16/04/2013 20:23
April 16 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Daimler and Reckitt Benckiser, on Tuesday.
HIGHLIGHTS
* GlaxoSmithKline PLC : Panmure raises target price to 1850p from 1525p; rating buy
* Reckitt Benckiser : Bernstein raises target price to 5300p from 5000p
* L'Oreal : Bernstein raises target price to 107 euros from 95 euros
* Daimler AG : Kepler cuts target price to 37 euros from 41 euros; rating reduce
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Aberdeen Asset Management : Citigroup raises target price to 455p from 430p
* AB Volvo :JP Morgan cuts target price to Sek 108 from Sek 120; rating overweight
* Ackermans en van Haaren : Exane BNP Paribas cuts target to 74 euros from 77 euros
* AK Steel : Jefferies cuts target price to $3.25 from $4.25; rating hold
* Akzo Nobel NV : ING raises to buy from hold
* Allianz : Morgan Stanley raises price target to 119 euros from 110 euros
* Anheuser Busch Inbev SA : ING raises target price to 75 euros from 67.5 euros
* Arkema SA : Berenberg cuts to hold from buy
* Ashland Inc : Jefferies raises target price to $104 from $92; rating buy
* Ashmore Group :UBS raises price target to 409p From 375p; rating neutral
* Ashmore Group : Morgan Stanley ups target to 444p from 395p; rating equal weight
* Associated British Foods : Bernstein raises target price to 1850p from 1600p
* Associated British Foods PLC : Credit Suisse cuts to neutral from outperform
* Associated British Foods PLC : Credit Suisse UPS target price to 1850p from 1650p
* AZ Electronic Materials :Espirito Santo Investment Bank starts with buy;target 400p
* Axa : Morgan Stanley raises target to 16 euros from 15 euros; rating overweight
* Beiersdorf : Bernstein raises target price to 59 euros from 51 euros
* Bureau Veritas : Exane BNP Paribas raises target price to 120 euros from 105 euros
* Basf SE : Citigroup cuts target price to 72 euros from 75 euros; rating neutral
* Cable & Wireless Communications : JP Morgan resumes with neutral; target price 43p
* Cambria Africa PLC : WH Ireland cuts target price to 22.5p from 25.1p
* Carl Zeiss Meditec AG : JP Morgan cuts to neutral from overweight
* Carl Zeiss Meditec AG : JP Morgan cuts target to 24.40 euros from 28.20 euros
* Carrs Milling Industries :Investec raises price target to 1400p from 1125p
* Cts Eventim AG : Berenberg raises target price to 30 euros from 29 euros
* Celesio AG : Berenberg raises price target to 16 euros from 14.50 euros
* Daimler AG : Kepler cuts target price to 37 euros from 41 euros; rating reduce
* Danone : Bernstein raises target price to 58 euros from 53 euros
* Danone SA : Canaccord Genuity raises target price to 45 euros from 43 euros
* Danske Bank A/S : Nomura raises target price to Dkk 101 from Dkk 98
* Derwent London PLC : Morgan Stanley raises to overweight from equal weight
* Derwent London PLC : Morgan Stanley raises target price to 2450p from 2220p
* Diageo PLC : HSBC raises target price to 2200p from 1800p; rating neutral
* Domino Printing Sciences : UBS starts with buy rating; price target of 750p
* DSM : Berenberg raises to buy from hold
* DSM : Berenberg raises target price to 59 euros from 51 euros
* E2V Technologies PLC : Investec raises target price to 200p from 160p; rating buy
* Elementis PLC : Berenberg raises target price to 290p from 275p; rating buy
* Elisa Oyj : SEB Enskilda raises to hold from sell
* Elisa Oyj : Berenberg cuts to hold from sell
* Fimalac : Exane BNP Paribas raises target price to 38 euros from 34euros
* Ericsson : UBS adds to most preferred list
* Essilor International SA : Barclays raises target to 98 euros from 89 euros
* Eurofins Scientific : Exane BNP Paribas raises target to 215 euros from 180 euros
* Gameloft : JP Morgan cuts target to 6.7 euros from 6.90 euros; rating overweight
* GBL SA : Exane BNP Paribas raises target price to 75 euros from 71euros
* Givaudan SA : Berenberg raises target price to Sfr 900 from Sfr 840; rating sell
* GKN PLC : Barclays cuts to equal weight from overweight
* GlaxoSmithKline PLC : Panmure raises target price to 1850p from 1525p; rating buy
* Gurit Holding AG : UBS cuts price target to Sfr 365 from Sfr 390
* Hammerson PLC : Morgan Stanley raises target price to 530p from 500p
* Henkel : Bernstein raises target price to 83 euros from 73 euros
* Infineon : UBS adds to most preferred list
* Intertek Group PLC : Exane BNP Paribas raises target price to 4250p from 3800p
* Kuehne & Nagel : UBS cuts price target to Sfr 105 from Sfr 110
* Ladbrokes : Nomura cuts target price to 199p from 203p; rating neutral
* Ladbrokes : Morgan Stanley cuts target price to 165p from 175p; rating underweight
* Ladbrokes PLC : Panmure cuts target price to 201p from 219p; rating hold
* Lanxess AG : Berenberg cuts to hold from buy
* Lanxess AG : Berenberg cuts target price to 59 euros from 66 euros
* L'Oreal : Bernstein raises target price to 107 euros from 95 euros
* Laurent Perrier SA : Natixis cuts target price to 65 euros from 75 euros
* Lombard Medical Technologies : Canaccord Genuity cuts target to 321p from 332p
* Man Group PLC : RBC raises target price to 120p from 100p; rating sector perform
* Michael Page International PLC : Investec cuts target price to 385p from 397p
* Michael Page International PLC : Shore Capital raises to buy from hold
* Mondi PLC : Jefferies raises target price to 1000p from 960p; rating buy
* Nestle : Bernstein raises target price to Sfr 71 from Sfr 65.50
* Nutreco NV : ING raises target price to 71.80 euros from 67.70 euros; rating hold
* Orior AG : Kepler starts with buy rating
* Panalpina : Morgan Stanley raises to overweight from equal weight
* Panalpina : Morgan Stanley raises price target to Sfr 110 from Sfr 90
* Pernod Ricard SA : HSBC raises target price to 102 euros from 93 euros
* Petropavlovsk : Nomura cuts target price to 125p from 240p; rating reduce
* Petropavlovsk : JP Morgan cuts target price to 420p from 460p; rating overweight
* Publicis Groupe : Natixis raises target price to 47 euros from 45 euros
* Publicis Groupe :S&P Capital IQ ups target to 56 euros from 54 euros; rating hold
* Rallye SA : Exane BNP Paribas raises target price to 40 euros from 35 euros
* Reckitt Benckiser : Bernstein raises target price to 5300p from 5000p
* Rio Tinto PLC : Exane BNP Paribas cuts target price to 4200p from 4700p
* Rolls-Royce Holdings PLC : UBS raises price target to 850p from 750p
* Saras SpA : SocGen raises to buy from sell
* SGS SA : Exane BNP Paribas raises target price to Sfr 2650 from Sfr 2400
* Soitec SA : Natixis raises target price to 2.3 euros from 1.7 euros
* Solvay SA : Berenberg cuts target price to 85 euros from 99 euros; rating sell
* SSE PLC : Investec cuts to hold from buy
* Standard Life PLC : Morgan Stanley raises target price to 322p from 285p
* Swedbank : Nomura raises target price to Sek 166 from Sek 164; rating buy
* Swisscom AG : HSBC raises target price to Sfr 500 from Sfr 430; rating overweight
* Swisscom AG : HSBC raises target price to Sfr 500 from Sfr 430; rating overweight
* Symrise AG : Berenberg raises target price to 32 euros from 31 euros; rating hold
* Tipp24 AG : Berenberg Bank raises target price to 69 euros from 68.50 euros
* Telefonica Deutschland : Citigroup cuts to neutral from buy
* Telenet Group Holding NV : ING cuts to hold from buy
* Tesco PLC : Espirito Santo Investment Bank raises target price to 310p from 275p
* The Unite Group : Morgan Stanley raises target to 400p from 325p; rating overweight
* Unilever : Bernstein raises target price to 36.50 euros from 33.50 euros
* Uniqa Versicherungen :Berenberg Bank raises target to 11.90 euros from 10.30 euros
* United Drug : N+1 Singer starts with buy rating; target price 320p
* Unite Group PLC : Numis raises to buy from add
* Unite Group PLC : Numis raises target price to 381p from 345p
* Utilitywise PLC : Finncap raises target price to 125p
* Walker Greenbank PLC : Cantor raises target price to 120p from 100p; rating buy
* Walker Greenbank PLC :WH Ireland raises target price to 120p from 100p; rating buy
* Wendel SA : Exane BNP Paribas raises to outperform from neutral
* Wendel SA : Exane BNP Paribas raises target price to 108 euros from 87 euros
(Compiled by Maneesha Tiwari and Aditi Sharma)
((maneesha.tiwari@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 4135
5800)(Reuters Messaging: maneesha.tiwari.thomsonsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/