Europe Research Roundup: Heineken, Danone, EDF, Buzzi Unicem

Petro Welt Technologies AG

03/06/2014 16:21

June 3 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including EDF, Air Liquide and Danone, on Tuesday.  
     
    HIGHLIGHTS 
    * Consumer Staples: Goldman Sachs cuts Heineken  HEIN.AS , others to sell  ID:nWNBB04JDD  
    * EDF  EDF.PA : JP Morgan cuts to neutral from overweight; target to 28 euros from 33 euros 
    * Buzzi Unicem  BZU.MI : Bernstein raises to outperform from market-perform 
    * Banks: Nomura cuts Piraeus Bank  BOPr.AT  to reduce from neutral  ID:nWNBB04JCE  
    * Air Liquide  AIRP.PA : Berenberg, Nomura cut target price on the stock 
       
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
     
     
    * A.G.Barr Plc  BAG.L : N+1 Singer raises target price to 678p from 667p; rating hold  
    * Air Liquide  AIRP.PA : Berenberg cuts target price to 95 euros from 105 euros; rating hold 
    * Air Liquide  AIRP.PA : Nomura cuts target price to 98 euros from 104 euros; rating neutral 
    * Allianz  ALVG.DE : Barclays cuts target to 144 euros from 147 euros; rating overweight  
    * Anglo American  AAL.L : Goldman Sachs raises price target to 1240p from 1180p; rating sell 
    * Aryzta  ARYN.S : Goldman Sachs cuts to sell from neutral 
    * Aryzta  ARYN.S : SocGen raises target price to Sfr 95 from Sfr 81.5; rating buy 
    * B P Marsh and Partners  BPM.L : Panmure raises target price to 162p from 155p; rating buy 
    * Balfour Beatty  BALF.L : UBS raises target price to 230p from 225p; rating neutral 
    * Banca Popolare Di Milano  PMII.MI : Nomura raises to buy from neutral 
    * Banco Popolare  BAPO.MI : Nomura cuts to neutral from buy 
    * Banco Popolare  BAPO.MI : Nomura cuts target price to 13.40 euros from 16 euros 
    * Banco Popular  POP.MC : Nomura cuts target to 3.40 euros from 3.50 euros; rating reduce 
    * Bankinter  BKT.MC : Nomura raises target to 3.80 euros from 3.10 euros; rating reduce 
    * Beazley  BEZG.L : Berenberg raises to buy from hold; target price to 278p from 271p 
    * BHP Billiton  BLT.L : Goldman Sachs raises target to 1850p from 1820p; rating neutral 
    * Brenntag  BNRGn.DE :UBS adds to least preferred list in European support services; neutral 
    * Bucher Industries  BUCN.S : UBS raises target price to sfr 285 from sfr 260; neutral  
    * Bureau Veritas  BVI.PA : Jefferies cuts target price to 25 euros from 25.50 euros; buy 
    * Buzzi Unicem  BZU.MI : Bernstein raises to outperform from market-perform 
    * Buzzi Unicem  BZU.MI : Bernstein raises target price to 15.10 euros from 12.50 euros  
    * C&C  GCC.I : Goldman Sachs cuts price target to 5.40 euros from 5.50 euros 
    * Caixabank  CABK.MC : Citigroup adds to its Europe Focus List  
    * Campari  CPRI.MI : Goldman Sachs cuts to sell from neutral 
    * CAT Oil  O2C.F : JP Morgan cuts target to 22.40 euros from 25.30 euros; rating overweight  
    * Caverion  CAV1V.HE : Berenberg cuts to hold from buy 
    * Caverion  CAV1V.HE : Berenberg cuts target price to 9.10 euros from 9.50 euros  
    * Comet Holding  COTN.S : Helvea Baader Bank cuts to hold from buy 
    * Comet Holding  COTN.S : Helvea Baader Bank raises target price to Sfr 590 from Sfr 550  
    * Credit Suisse  CSGN.VX : RBC cuts target price to Sfr 32 from Sfr 33; rating outperform  
    * Danone  DANO.PA : Nomura raises target price to 65 euros from 59 euros; rating buy 
    * Danone  DANO.PA : Goldman Sachs cuts to sell from neutral 
    * DCC PLC  DCC.L : Jefferies raises price target to 4050p from 3600p; rating buy  
    * De La Rue  DLAR.L : Numis cuts to hold from add  
    * Diageo  DGE.L : Goldman Sachs raises price target to 2030p from 1855p 
    * EDF  EDF.PA : JP Morgan cuts to neutral from overweight; target to 28 euros from 33 euros 
    * EDF  EDF.PA : SocGen raises target price to 33 euros from 25 euros; rating buy 
    * Elekta  EKTAb.ST : SocGen cuts target price to Sek 105 from Sek 115; rating buy 
    * Fenner Plc  FENR.L : UBS cuts price target to 420p from 480p; rating buy 
    * Fielmann  FIEG.DE : DZ Bank raises fair value to 103 euros from 94 euros; rating hold 
    * Folli Follie  HDFr.AT : ESN/Investment Bank Of Greece cuts to accumulate from buy  
    * Folli Follie  HDFr.AT : ESN/Investment Bank Of Greece raises target price to 32 euros    
    * Georg Fischer  FIN.S : UBS cuts target price to Sfr 750 from Sfr 770; rating buy 
    * Glencore  GLEN.L : Goldman Sachs raises price target to 310p from 295p; rating neutral 
    * Grand City Properties  GYC.DE : Berenberg ups target to 11.50 euros from 10 euros; buy 
    * Grifols  GRLS.MC : UBS raises target price to 27 euros from 19 euros; rating sell  
    * Heineken  HEIN.AS : Goldman Sachs cuts to sell from neutral 
    * Huhtamaki  HUH1V.HE : Goldman Sachs cuts to sell from neutral 
    * Imperial Tobacco  IMT.L : Goldman Sachs raises price target to 2960p from 2800p 
    * Intertek Group  ITRK.L : Jefferies cuts target price to 3465p from 3650p; rating buy 
    * Lindt & Spruengli  LISN.S : Goldman Sachs raises price target to Sfr 55400 from Sfr 49700 
    * MMK  MAGNq.L : JP Morgan raises to overweight from neutral; target price to $3.20 from $3 
    * National Bank Of Greece  NBGr.AT : Nomura raises to buy from reduce 
    * National Bank Of Greece  NBGr.AT : Nomura cuts price target to 2.90 euros from 3.10 euros 
    * National Bank Of Greece  NBGr.AT : Wood & Company ups target to 3.5 euros from 3.1 euros 
    * Novartis  NOVN.VX : SocGen raises target price to Sfr 94 from Sfr 93; rating buy  
    * Orion  ORNBV.HE : Nordea Markets downgrades to sell from hold 
    * Orion  ORNBV.HE : Nordea Markets cuts target price 24 euros from 23.5 euros  
    * Pernod  PERP.PA : Goldman Sachs removes from Conviction Buy List 
    * Piraeus Bank  BOPr.AT : Nomura cuts to reduce from neutral 
    * Red Electrica  REE.MC : Kepler Cheuvreux raises target to 69 euros from 65 euros; buy  
    * Rio Tinto  RIO.L : Goldman Sachs raises price target to 2550p from 2530p; rating sell 
    * Royal Bank Of Scotland  RBS.L : Barclays raises target to 320p from 300p; equal weight 
    * Sampo  SAMAS.HE : Berenberg raises target price to 37 euros from 36 euros; rating hold 
    * Scapa  SCPA.L : Numis cuts to hold from add  
    * Schroders Plc  SDR.L : Espirito Santo Investment Bank starts with buy; fair value 2291p 
    * Severstal  CHMFq.L : JP Morgan cuts to neutral from overweight 
    * Severstal  CHMFq.L : JP Morgan cuts target price to $9.20 from $10.80  
    * Sligro  SLIGR.AS : ESN/SNS Securities cuts to accumulate from buy  
    * Societe Generale  SOGN.PA : Citigroup removes from its Europe Focus List 
    * Sthree  STHR.L : UBS adds to most preferred list in European support services; rating buy  
    * Suess Microtec  SMHNn.DE : DZ Bank raises to hold from sell 
    * Suess Microtec  SMHNn.DE : DZ Bank raises fair value to 8.60 euros from 6 euros  
    * Tate & Lyle  TATE.L : SocGen raises target price to 760p from 740p; rating buy  
    * UBI Banca  UBI.MI : Nomura raises price target to 7 euros from 5.80 euros; rating buy 
    * World Duty Free  WDF.MI : Goldman Sachs removes from Conviction Buy List  
    * Yara International  YAR.OL : JP Morgan cuts target to Nok 275 from Nok 285; rating neutral 
 
 (Compiled by Eileen Anupa Soreng and Jai Ganesh in Bangalore) 
 ((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. +91 80 4135 
5919)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/