Europe Research Roundup: Unilever NV, BNP Paribas, Royal Dutch Shell

Petro Welt Technologies AG

09/07/2014 16:25

July 9 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Unilever NV, Air France and Deutsche Bank, on Wednesday.  
     
    HIGHLIGHTS 
    * Unilever NV  UNc.AS : Nomura cuts to reduce from neutral; target price to 29.70 euros  
    * Banks: JP Morgan raises rating on Deutsche Bank  DBKGn.DE , cuts BNP Paribas  BNPP.PA   
    * Royal Dutch Shell Plc  RDSa.L : Deutsche Bank raises to buy from hold rating 
    * Total  TOTF.PA : SocGen cuts to hold from buy; Deutsche Bank raises target price     
    * Air France KLM  AIRF.PA : UBS raises to neutral from sell    
               
Following is a summary of research actions on European companies reported by Reuters on 
Wednesday. Stock entries are in alphabetical order.    
     
    * 888 Holdings Plc  888.L : Canaccord Genuity cuts target to 140p from 158p; rating hold  
    * Abengoa  ABGek.MC : Citigroup raises target price to 6 euros from 2.60 euros; rating buy 
    * Aberdeen  ADN.L : UBS raises price target to 500p from 470p; rating buy 
    * ACS  ACS.MC : Goldman Sachs raises price target to 35 euros from 27 euros; rating neutral 
    * Admiral Group  ADML.L : Canaccord Genuity cuts to sell rating 
    * Air France KLM  AIRF.PA : Citigroup cuts target to 9.90 euros from 11.10 euros; rating buy 
    * Air France KLM  AIRF.PA : RBC cuts target to 10.50 euros from 14 euros; rating outperform  
    * Air France KLM  AIRF.PA : UBS raises to neutral from sell  
    * Air France KLM  AIRF.PA : Credit Suisse cuts target to 8.80 euros from 11.05euros; neutral 
    * Aker Solutions  AKSO.OL : UBS cuts target price to nok 95 from nok 96; rating neutral  
    * Amadeus IT  AMA.MC : Evercore starts with equal-weight rating; price target 31 euros 
    * Ashmore  ASHM.L : UBS raises price target to 355p from 350p; rating neutral 
    * Azimut  AZMT.MI : Deutsche Bank raises to buy from hold rating 
    * BAM  BAMN.AS : ING cuts price target to 2.40 euros from 3.50 euros; rating hold 
    * Begbies Traynor  BEG.L : Canaccord Genuity raises target price to 54p; rating buy 
    * Beiersdorf  BEIG.DE : Nomura raises target price to 84 euros from 83 euros; rating buy 
    * Bilfinger  GBFG.DE : Goldman Sachs raises target to 79 euros from 73 euros; rating neutral 
   
    * BIM  BIMAS.IS : Credit Suisse cuts to underperform from neutral rating      
    * BIM  BIMAS.IS : Credit Suisse raises target price to Tl 44.30 from Tl 44.05  
    * BNP Paribas  BNPP.PA : JP Morgan cuts to neutral from overweight 
    * BNP Paribas  BNPP.PA : JP Morgan cuts price target to 56 euros from 63 euros 
    * BNP Paribas SA  BNPP.PA : Credit Suisse cuts target to 53.60 euros from 59 euros; neutral  
    * Booker Group Plc  BOK.L : JP Morgan cuts target price to 160p from 195p; rating overweight 
    * BP  BP.L : Barclays raises to equal weight from underweight 
    * BP  BP.L : Deutsche Bank cuts to hold from buy rating 
    * Buzzi Unicem  BZU.MI : Goldman Sachs raises target to 17 euros from 16 euros; rating buy  
    * CAT Oil AG  O2C.DE : Goldman Sachs raises to buy from neutral rating  
    * CAT Oil AG  O2C.DE : Goldman Sachs raises target price to 26.10 euros from 25.80 euros  
    * Coca-Cola Icecek AS  CCOLA.IS : Credit Suisse raises target to tl 62.50 from tl 51.30  
    * Coca-Cola Icecek AS  CCOLA.IS : Credit Suisse raises to outperform from neutral rating  
    * Cohort  CHRT.L : Investec raises target price to 300p from 260p; rating buy 
    * Deutsche Bank  DBKGn.DE : JP Morgan raises to overweight from neutral 
    * Dufry AG  DUFN.VX : Citigroup raises target price to Sfr 145 From Sfr 135; rating sell 
    * Eiffage  FOUG.PA : Goldman Sachs raises to buy; raises target to 62 euros from 56 euros 
    * Enagas  ENAG.MC : Morgan Stanley raises target to 27 euros from 24 euros; overweight 
    * Eni  ENI.MI : Deutsche Bank raises to buy from hold rating 
    * FCC  FCC.MC : Goldman Sachs raises price target to 20 euros from 17 euros; rating neutral 
    * Galp Energia  GALP.LS : Deutsche Bank raises target to 15.5 euros from 15 euros; buy 
    * Gerry Weber  GWIG.DE : Berenberg raises to buy from hold; price target to 45.50 euros 
    * Gjensidige  GJFS.OL : JP Morgan cuts target to Nok 103.90 from Nok 104.10; underweight  
    * GKN  GKN.L : Exane BNP Paribas cuts price target by 4 pct to 385p; rating neutral 
    * Green Dragon Gas  GDG.L : Peel Hunt adjusts price target to 809p from 369p; rating buy  
    * Hammerson  HMSO.L : Deutsche Bank raises target price to 530p from 500p 
    * Heidelbergcement AG  HEIG.DE : Goldman Sachs cuts to neutral; ups target to 70 euros  
    * Henkel  HNKG_p.DE : Nomura raises target price to 92 euros from 91 euros; rating buy 
    * Hochtief  HOTG.DE : Goldman Sachs raises target to 81 euros from 69 euros; rating buy 
    * HSBC  HSBA.L : Investec cuts price target to 620p from 640p; rating hold 
    * IGD  IGD.MI : ESN/Banca Akros cuts to hold from accumulate  
    * Interserve  IRV.L : Peel Hunt raises to hold from sell; price target to 625p from 600p  
    * Italcementi  ITAI.MI : Goldman Sachs raises target to 8 euros from 6.85 euros; neutral  
    * J D Wetherspoon Plc  JDW.L : Numis cuts target price to 900p from 950p; rating add 
    * Jeronimo Martins  JMT.LS : Raymond James cuts target to 14.80 from 16 euros; outperform 
    * Kingfisher Plc  KGF.L : Citigroup cuts target price to 420p from 490p; rating buy 
    * LDC  LDCP.PA : ESN/CM - CIC Securities cuts to hold from accumulate  
    * Linde  LING.DE : Jefferies raises target price to 171 euros; rating buy 
    * Marks and Spencer  MKS.L : Citigroup cuts target price to 440p from 465p; rating neutral 
    * Metso  MEO1V.HE : ABG Sundal Collier raises to buy from hold  
    * Migros  MGROS.IS : Credit Suisse cuts target to Tl 22.60 from Tl 26.70; rating outperform  
    * Monitise Plc  MONI.L : Goldman Sachs removes from pan-Europe conviction buy list 
    * Monitise Plc  MONI.L : Goldman Sachs cuts price target to 65p from 105p 
    * Nationale Suisse  NATN.S : Vontobel raises target price to Sfr 80 From Sfr 70; rating hold 
    * Nestle  NESN.VX : Nomura raises target price to Sfr 59 from Sfr 57; rating reduce 
    * Novatek  NVTKq.L : Renaissance cuts to hold from buy; cuts price target to $140 from $160 
    * OMV  OMVV.VI : Deutsche Bank raises target price to 35 euros from 31.5 euros; rating hold 
    * Ophir Energy  OPHR.L : Citigroup starts with buy rating; target price of 280p 
    * Oriflame  ORIsdb.ST : Nomura cuts target price to Sek 150 from Sek 160; rating reduce 
    * Osram  OSRn.DE : Berenberg cuts target price to 44.70 euros from 46.70 euros; rating buy 
    * Petra Diamonds  PDL.L : Panmure cuts to hold from buy; raises target to 171p from 169p  
    * Petropavlovsk PLC  POG.L : RBC cuts target price to 35p from 60p; rating underperform  
    * Philips  PHG.AS : Berenberg cuts target price to 27.30 euros from 27.50 euros; rating buy 
    * PostNL  PTNL.AS : Berenberg raises target price to 4.75 euros from 4.15 euros; rating buy 
    * Provident Financial  PFG.L : Berenberg cuts to hold from buy 
    * Rautaruukki  RTRKS.HE : Deutsche Bank raises target to 10.70 euros from 9.60 euros; hold 
    * Rentokil  RTO.L : Credit Suisse raises target price to 141p from 120p  
    * Rentokil  RTO.L : Credit Suisse raises to outperform from neutral rating  
    * Rotork Plc  ROR.L : Exane BNP Paribas cuts price target by 2 pct to 27p; rating neutral 
    * Royal Dutch Shell Plc  RDSa.L : Deutsche Bank raises to buy from hold rating 
    * Rubis  RUBF.PA : Natixis cuts price target to 55 euros from 58 euros; rating buy 
    * Saint Gobain  SGOB.PA : UBS cuts target price to 43.50 euros from 45 euros; rating neutral 
    * Saint Gobain  SGOB.PA : Goldman Sachs raises target to 43.70 euros from 42 euros; neutral 
    * Saras  SRS.MI : SocGen raises to hold from sell rating 
    * Schroders  SDR.L : UBS cuts price target to 2680p from 2700p; rating neutral 
    * Shire  SHP.L : Panmure raises target price to 5300p from 4626p; rating buy 
    * Shire  SHP.L : S&P Capital IQ raises target price to 5400p from 5000p; rating strong buy  
    * Skandinaviska Enskilda Banken AB  SEBa.ST : RBC ups to outperform; price target to Sek 95  
    * Skanska  SKAb.ST : Goldman Sachs raises target to 152 euros from 126 euros; rating sell 
    * Snam  SRG.MI : Barclays raises target to 4.90 euros from 4.40 euros; rating overweight 
    * SSAB  SSABa.ST : Deutsche Bank raises target price to Sek 64 from Sek 57; rating hold 
    * Strabag SE  STRV.VI : Goldman Sachs cuts to sell from neutral     
    * Strabag SE  STRV.VI : Goldman Sachs raises price target to 24 euros from 21 euros 
    * Statoil  STL.OL : Deutsche Bank raises target price to Nok 195 from Nok 185; rating hold 
    * TalkTalk  TALK.L : Exane raises price target by 18 pct to 200p; rating underperform 
    * Thales  TCFP.PA : JP Morgan raises to overweight from neutral 
    * Thales  TCFP.PA : JP Morgan raises price target to 54 euros from 52 euros 
    * Titan Cement  TTNr.AT : Goldman Sachs raises target to 27 euros from 25 euros; neutral 
    * Tomorrow Focus  TFAG.DE : Deutsche Bank cuts target to 3.90 euros from 4.70 euros; hold 
    * Total  TOTF.PA : SocGen cuts to hold from buy; raises target to 57 euros from 55 euros 
    * Total  TOTF.PA : Deutsche Bank raises target price to 57 euros from 51 euros; rating buy 
    * TSB Banking Group PLC  TSB.L : Credit Suisse starts with underperform; target price 250p  
    * Unilever NV  UNc.AS : Nomura cuts to reduce from neutral 
    * Unilever NV  UNc.AS : Nomura cuts target price to 29.70 euros from 30.90 euros 
    * Vesuvius Plc  VSVS.L : Exane BNP Paribas cuts target by 3 pct to 485p; rating neutral 
    * Vinci SA  SGEF.PA : Goldman Sachs raises target to 60 euros from 56 euros; rating neutral 
    * Weir  WEIR.L : Exane BNP Paribas raises price target by 4 pct to 2950p; rating outperform 
    * Wienerberger  WBSV.VI : Goldman Sachs raises taret to 18 euros from 17.50 euros; buy 
    * Wincor Nixdorf AG  WING.DE : Commerzbank cuts target to 44 euros from 52 euros; hold  
    * World Duty Free  WDF.MI : Citigroup cuts target to 10.80 euros from 11.30 euros; buy 
    * Zumtobel  ZUMV.VI : Berenberg raises target to 21.10 euros from 19.80 euros; rating buy 
     
 
 (Compiled by Saqib Iqbal Ahmed and Jai Ganesh in Bangalore) 
 ((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 6749 
1130)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/