Europe Research Roundup: Volkswagen, Akzo Nobel, Standard Chartered

Petro Welt Technologies AG

28/10/2014 15:22

Oct 28 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Arkema and HeidelbergCement, on Tuesday.  
         
    HIGHLIGHTS        
    * Chemicals: Goldman Sachs raises Akzo Nobel  AKZO.AS  to neutral from sell  ID:nWNAB051D5  
    * Autos: Citigroup cuts target price on Continental  CONG.DE , others  ID:nWNAB051DK  
    * Standard Chartered  STAN.L : Numis, S&P Capital IQ downgrade the stock 
    * Ahold  AHLN.AS : JP Morgan raises to overweight from neutral rating 
    * HeidelbergCement  HEIG.DE : Cantor raises to buy from hold 
               
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.    
            
    * A.P.R. Energy PLC  APREN.L : Jefferies cuts price target to 670p from 1250p; rating buy 
    * Ackermans & Van Haaren  ACKB.BR : Rabobank raises target to 105 euros from 91 euros; buy 
    * Afren Plc  AFRE.L : Credit Suisse cuts target price to 115p from 132p 
    * African Barrick Gold  ABGL.L : Westhouse raises price target to 240p from 230p; rating add 
    * Ahold  AHLN.AS : JP Morgan raises to overweight from neutral rating 
    * Ahold  AHLN.AS : JP Morgan raises price target to 14 euros from 13.20 euros 
    * Air France KLM SA  AIRF.PA : Deutsche Bank cuts target to 7.30 euros from 9.50 euros; hold 
    * Air Liquide  AIRP.PA : Goldman Sachs cuts target to 105 euros from 110 euros; neutral 
    * Akzo Nobel  AKZO.AS : Goldman Sachs ups to neutral from sell 
    * Akzo Nobel  AKZO.AS : Goldman Sachs cuts target to 59 euros from 60 euros 
    * Alent Plc  ALNT.L : Goldman Sachs cuts target price to 400p from 425p; rating buy   
    * Alerion  ARN.MI : Kepler Cheuvreux cuts target to 3.4 euros from 4.1 euros; rating buy 
    * Anglo American  AAL.L : Investec cuts target price to 1588p from 1603p; rating buy 
    * Anglo American  AAL.L : Exane BNP Paribas cuts target to 1400p from 1500p; rating neutral 
    * Arkema SA  AKE.PA : Goldman Sachs cuts target to 56 euros from 65 euros; rating neutral  
    * Banco Comercial Portugues  BCP.LS : JP Morgan cuts target to 0.11 euros from 0.12 euros 
    * Banco BPI  BBPI.LS : Macquarie raises target to 1.25 euros from 1.20 euros; underperform  
    * Basf SE  BASFn.DE : Goldman Sachs cuts target to 79 euros from 87 euros; rating neutral 
    * Belgacom  BCOM.BR : Deutsche Bank raises target to 24 euros from 21.50 euros; rating sell 
    * Bodycote PLC  BOY.L : UBS cuts price target by 9 pct to 790p; rating buy 
    * Bolsas Y Mercados  BME.MC : Morgan Stanley cuts target price to 27.60 euros 
    * BP  BP.L : S&P Capital IQ cuts target price to 460p from 486p; rating buy 
    * Brunello Cucinelli  BCU.MI : Goldman Sachs cuts target to 17.2 euros from 18 euros;neutral 
    * C&C Group  GCC.I : Barclays raises to overweight from equal weight 
    * Cairn Energy Plc  CNE.L : Credit Suisse cuts target price to 266p from 288p 
    * CAT Oil  O2C.F : JP Morgan cuts target to 20.02 euros from 22.40 euros; rating overweight 
    * Cembra Money Bank  CMBN.S : Credit Suisse starts with neutral rating; price target Sfr 51 
    * CIR  CIRX.MI : Kepler Cheuvreux cuts target price to 1.05 euros; rating buy 
    * Clariant AG  CLN.VX : Goldman Sachs cuts target to Sfr 18.60 from Sfr 19.50;rating neutral 
    * Commerzbank AG  CBKG.DE : Citigroup raises target to 12.50 euros from 12 euros; neutral 
    * Continental  CONG.DE : Citigroup cuts price target to 205 euros from 210 euros; rating buy 
    * Croda  CRDA.L : Goldman Sachs cuts target price to 2675p from 2750p; rating buy   
    * Daimler  DAIGn.DE : Citigroup cuts price target to 66 euros from 72 euros; rating neutral 
    * Det Norske Oljeselskap  DETNOR.OL : Credit Suisse cuts target price to Nok 75 from Nok 81  
    * Deutsche Boerse  DB1Gn.DE : JP Morgan raises target price to 54 euros from 52; underweight 
    * Deutsche Boerse  DB1Gn.DE : Morgan Stanley raises target price to 58.3 euros 
    * DIA  DIDA.MC : Barclays raises to overweight from equal weight; cuts target to 6 euros 
    * DIA  DIDA.MC : HSBC cuts price target to 5.50 euros from 7 euros; rating neutral 
    * DIA  DIDA.MC : Natixis cuts price target to 7 euros from 8 euros; rating buy 
    * Domino Printing  DOPR.L : UBS cuts price target by 6 pct to 650p; rating buy 
    * DSM  DSMN.AS : Goldman Sachs cuts target to 56.50 euros from 60 euros; rating neutral 
    * Dufry  DUFN.S : UBS cuts price target to Sfr 170 from Sfr 180; rating buy 
    * Dunelm  DNLM.L : Canaccord Genuity starts with a buy rating 
    * Dunelm  DNLM.L : Canaccord Genuity starts with target price of 925p 
    * Easyjet Plc  EZJ.L : Deutsche Bank cuts target price to 1830p from 1935p; rating buy  
    * EDP Renovaveis  EDPR.LS : UBS raises target price to 5.50 euros from 4.20 euros; neutral 
    * Elementis Plc  ELM.L : Goldman Sachs cuts target price to 330p from 345p; rating neutral 
    * Enagas  ENAG.MC : JP Morgan raises target price to 27.70 euros from 25.40 euros;overweight 
    * Enel Green Power  EGPW.MI : UBS starts with a buy rating; price target 2.30 euros 
    * Enquest  ENQ.L : Credit Suisse cuts target price to 122p from 150p 
    * Erste Group Bank  ERST.VI : HSBC cuts target to 28 euros from 29 euros; rating overweight  
    * Essentra Plc  ESNT.L : Goldman Sachs cuts target price to 880p from 970p; rating buy 
    * Evonik  EVKn.DE : Goldman Sachs cuts target to 31.20 euros from 31.50 euros;rating neutral 
    * Exiqon  EXQ.CO : Danske Bank raises to hold rating; ups price target to Dkk 6.5 
    * FACC AG  FACC.VI : Morgan Stanley Cuts Price Target To 8 Euros From 9 Euros; Equal-Weight 
    * Faurecia  EPED.PA : Citigroup cuts price target to 27 euros from 32 euros; rating neutral  
    * Faroe Petroleum  FPM.L : Credit Suisse cuts target price to 133p from 138p 
    * Fenner  FENR.L : UBS cuts price target by 10 pct to 380p; rating buy 
    * Fuchs Petrolub  FPEG_p.DE : Kepler Cheuvreux cuts target to 30 euros from 34 euros; hold 
    * Garanti Bank  GARAN.IS : SocGen cuts target price to Tl 9.1 from Tl 9.4; rating hold 
    * GDF Suez  GSZ.PA : Macquarie starts with an outperform rating; 20.5 euros price target 
    * Gemalto  GTO.AS : Credit Suisse cuts to underperform from neutral 
    * Gemalto  GTO.AS : Credit Suisse cuts target price to 50 euros from 65 euros 
    * GKN Plc  GKN.L : Westhouse Securities cuts target price to 400p from 450p; rating buy 
    * GlaxoSmithKline  GSK.L : Jefferies cuts price target to 1,350p from 1,400p; rating hold 
    * Hannover Re  HNRGn.DE : JP Morgan raises target to 72.60 euros from 71.30 euros; neutral 
    * Hawesko Holding AG  HAWG.DE : DZ Bank cuts target to 42.00 euros from 43.00 euros; buy 
    * HeidelbergCement  HEIG.DE : Cantor raises to buy from hold 
    * HeidelbergCement  HEIG.DE : Cantor cuts target price to 61 euros from 62 euros 
    * Hermes  HRMS.PA : Goldman Sachs cuts target to 270.0 euros from 291.7 euros;rating neutral 
    * Hkscan  HKSAV.HE : Danske Bank cuts price target to 3.5 euros from 4 euros; rating hold 
    * Holcim  HOLN.VX : Cantor cuts target price to Sfr 78 from Sfr 82; rating buy 
    * HSBC Holdings Plc  HSBA.L : Deutsche Bank cuts target price to 638p from 640p; rating hold 
    * ICAP  IAP.L : Morgan Stanley raises target price to 408p 
    * IMI  IMI.L : UBS cuts price target by 2 pct to 1600p; rating buy 
    * Imtech  IMCO.AS : ESN/SNS Securities raises to hold from sell 
    * Indra  IDR.MC : SocGen cuts target price to 10.5 euros from 13.8 euros; rating hold 
    * ING  ING.AS : Citigroup raises target price to 13 euros from 12.40 euros; rating buy 
    * Ingenico  INGC.PA : Kepler Cheuvreux raises target to 95 euros from 85 euros; rating buy 
    * Inside Secure  INSD.PA : Natixis cuts price target to 5 euros from 6 euros; rating buy 
    * J D Wetherspoon Plc  JDW.L : Numis raises price target to 950p from 900p; rating add 
    * K&S AG  SDFGn.DE : Goldman Sachs raises to neutral from sell   
    * K&S AG  SDFGn.DE : Goldman Sachs raises price target to 24 euros from 22 euros  
    * Kering  PRTP.PA : Goldman Sachs cuts target to 142 euros from 156.4 euros; rating sell 
    * Kering  PRTP.PA : Bernstein cuts target to 158 euros from 160 euros; rating market-perform 
    * Lanxess AG  LXSG.DE : Goldman Sachs cuts target to 53 euros from 58 euros; rating buy  
    * Linde AG  LING.DE : Goldman Sachs cuts target to 170 euros from 172 euros; rating neutral  
    * London Stock Exchange Group  LSE.L : Morgan Stanley raises target price to 2210p 
    * Lundin Petroleum  LUPE.ST :Credit Suisse cuts target price to Sek 120 from Sek 131 
    * LVMH  LVMH.PA : Goldman Sachs cuts target to 151.5 euros; rating neutral 
    * Magnit PAO  MGNTq.L : Goldman Sachs raises target to $68.90 from $68.30; rating neutral  
    * Matomy Media  MTMY.L : Canaccord Genuity raises target price to 302p from 291p; rating buy 
    * Mediaset  MS.MI : ESN/Banca Akros raises to hold from reduce 
    * Melrose  MRON.L : UBS cuts price target by 4 pct to 265p; rating neutral 
    * Michelin  MICP.PA : Citigroup cuts price target to 91 euros from 109 euros; rating buy 
    * Mothercare  MTC.L : JP Morgan cuts target price to 238p from 267p; rating overweight 
    * Morgan Advanced  MGAMM.L : UBS cuts to neutral rating 
    * Morgan Advanced  MGAMM.L : UBS cuts price target by 12 pct to 200p 
    * MTU Aero Engines AG  MTXGn.DE : HSBC raises target to 76 euros from 73 euros; neutral 
    * NN Group  NN.AS : Nomura raises target price to 22.30 euros from 21.40 euros; neutral 
    * Nobel Biocare Holding  NOBN.S : JP Morgan raises to neutral from underweight rating 
    * Nobel Biocare Holding  NOBN.S : JP Morgan raises target price to Sfr 17.10 from Sfr 12 
    * Nokian Tyres  NRE1V.HE : Citigroup cuts target to 22 euros from 26 euros; rating sell 
    * Norbert Dentressangle  GNDP.PA : Exane BNP Paribas raises target to 110 euros; neutral 
    * Novartis AG  NOVN.VX : S&P Capital IQ raises target to Sfr 99 from Sfr 90; rating buy 
    * Okmetic  OKM1V.HE : ESN/Pohjola cuts to hold from accumulate 
    * Old Mutual  OML.L : Barclays cuts to equal weight from overweight 
    * Old Mutual  OML.L : Barclays cuts target price to 205p from 215p 
    * Old Mutual  OML.L : JP Morgan raises target price to 225p from 223p; rating overweight 
    * Oxford Instruments  OXIG.L : UBS cuts price target by 13 pct to 1300p; rating buy 
    * Pearson  PSON.L : Barclays cuts target price to 1160p from 1185p; rating equal weight 
    * Petkim  PETKM.IS : JP Morgan cuts target price to tl 3.78 from tl 3.92; rating neutral 
    * Petra Diamonds  PDL.L : Panmure cuts price target to 155p from 171p; rating sell 
    * Peugeot  PEUP.PA : Citigroup cuts target to 10.30 euros from 11.50 euros; rating neutral  
    * Pirelli  PECI.MI : Citigroup cuts target to 11.50 euros from 12.70 euros; rating neutral 
    * Porsche Automobil Holding SE  PSHG_p.DE : Citigroup cuts target to 60 euros; neutral  
    * Premier Foods  PFD.L : SocGen cuts target price to 35p from 70p; rating hold 
    * Premier Oil  PMO.L : Credit Suisse cuts target price to 355p from 392p 
    * Puma  PUMG.DE : Goldman Sachs cuts price target to 165 euros from 179.1 euros; rating sell 
    * Reckitt Benckiser  RB.L : Deutsche Bank reinstates with buy rating; 6000p target price 
    * Red Electrica  REE.MC : JP Morgan raises target price to 76.70 euros from 67.70 euros 
    * Renault  RENA.PA : Citigroup cuts price target to 80 euros from 88 euros; rating buy 
    * Renishaw  RSW.L : UBS cuts price target by 5 pct to 1750p; rating neutral 
    * Richemont  CFR.VX : Citigroup cuts price target to Sfr 97 from Sfr 105; rating buy 
    * Rockwool  ROCKb.CO : Carnegie raises to buy from hold; target to Dkk 1035 from Dkk 1013 
    * Rolls-Royce  RR.L : Kepler Cheuvreux cuts price target to 840p from 1100p; rating hold 
    * Rotork  ROR.L : UBS raises to buy from neutral 
    * Safilo Group  SFLG.MI : Deutsche Bank cuts target to 16.50 euros from 18 euros; rating buy 
    * Sandvik  SAND.ST : BofA Merrill cuts price target to Sek 85 from Sek 86; rating neutral 
    * Sandvik  SAND.ST : SocGen cuts target price to Sek 75 from Sek 80; rating sell 
    * Sandvik  SAND.ST : Danske Bank cuts to hold from buy; price target to Sek 87 from Sek 100 
    * Sanofi  SASY.PA : S&P Capital IQ raises to strong buy from buy 
    * SES SA  SESFd.PA : Barclays cuts target price to 31 euros from 31.40 euros; overweight 
    * SGS  SGSN.VX : Kepler Cheuvreux raises target price to Sfr 2,100; rating hold 
    * SIG  SHI.L : Numis cuts target price to 200p from 230p; rating buy 
    * Sika  SIK.VX : HSBC cuts price target to Sfr 3800 from Sfr 4100; rating overweight 
    * Smiths  SMIN.L : UBS cuts price target by 4 pct to 1115p; rating sell 
    * SNAM  SRG.MI : JP Morgan raises target price to 4.71 euros from 4.50 euros; overweight 
    * Standard Chartered  STAN.L : Investec cuts target to 1350p from 1450p; rating buy 
    * Standard Chartered  STAN.L : Numis cuts to hold from add; target price to 1200p from 1400p 
    * Standard Chartered  STAN.L : S&P Capital IQ cuts to hold from buy  
    * Standard Chartered  STAN.L : S&P Capital IQ cuts target price to 1100p from 1390p 
    * STMicroelectronics  STM.PA : Citigroup raises to neutral; cuts target to 5.20 euros 
    * Swatch  UHR.VX : Goldman Sachs cuts price target to Sfr 592 from Sfr 631; rating buy   
    * Swedish Match  SWMA.ST : SocGen raises target price to Sek 210 from Sek 190; rating sell 
    * Symrise  SY1G.DE : Goldman Sachs ups target to 53 euros from 52 euros;conviction list buy  
    * Synthomer Plc  SYNTS.L : GOLDMan SACH cuts price target to 250p from 260p; rating neutral  
    * Synthomer  SYNTS.L : Canaccord Genuity cuts target price to 258p from 283p; rating buy 
    * Synthomer  SYNTS.L : Barclays cuts target price to 243p from 266p; rating overweight 
    * Takkt  TTKG.DE : Berenberg cuts target price to 16.50 euros from 17 euros; rating buy 
    * Tate & Lyle  TATE.L : Jefferies raises target price to 585p from 575p; rating hold 
    * Teliasonera  TLSN.ST : Jefferies cuts price target to Sek 52.80 from Sek 56.10; rating buy 
    * Tencate  NTCN.AS : Rabobank cuts price target to 21 euros from 23 euros; rating hold 
    * Terna  TRN.MI : JP Morgan cuts to neutral from overweight 
    * Terna  TRN.MI : JP Morgan raises target price to 4.09 euros from 4 euros 
    * TNT Express  TNTE.AS : JP Morgan cuts target to 5.70 euros from 5.80 euros; overweight 
    * TNT Express  TNTE.AS : RBC cuts target price to 5.75 euros from 6.50 euros; outperform 
    * TNT Express  TNTE.AS : Berenberg cuts target to 4.65 euros from 4.90 euros; rating hold 
    * TNT Express  TNTE.AS : Rabobank cuts target price to 4 euros from 6 euros; rating reduce 
    * Tod's  TOD.MI : Kepler Cheuvreux cuts target price to 70 euros; rating reduce  
    * Tod's  TOD.MI : Goldman Sachs cuts target to 93.1 euros from 98 euros; rating neutral  
    * Tullett Prebon  TLPR.L : Morgan Stanley raises target price to 270p  
    * Tullow Oil  TLW.L : Credit Suisse cuts target price to 790p from 800p 
    * UBM  UBM.L : Canaccord Genuity raises to buy from hold; price target to 620p from 600p 
    * UBS  UBSN.VX : S&P Capital IQ raises to strong buy from buy 
    * Umicore  UMI.BR : Goldman Sachs cuts target price to 32 euros from 35 euros; rating sell 
    * Vedanta Resources  VED.L : Deutsche Bank cuts target price to 1180p from 1215p; rating buy 
    * Veolia Environnement  VIE.PA : Deutsche Bank cuts target to 14 euros; rating hold 
    * Victrex  VCTX.L : Goldman Sachs cuts target price to 2010p from 2110p; rating buy  
    * Vinci  SGEF.PA : UBS cuts target price to 54 euros from 56 euros; rating buy 
    * Volkswagen  VOWG.DE : Citigroup cuts price target to 224 euros from 240 euros; rating buy 
    * Vossloh AG  VOSG.DE : Deutsche Bank cuts target to 47 euros from 60 euros; rating hold 
    * Weir  WEIR.L : UBS cuts target price by 4 pct to 2700p; rating buy 
    * Wendel  MWDP.PA : SocGen adjusts target price to 97 euros from 112 euros; rating buy 
    * Yapikredi Bank  YKBNK.IS : SocGen cuts target price to Tl 5.5 from Tl 6; rating buy   
     
 
 (Compiled by Fareha Khan and Jai Ganesh in Bangalore) 
 ((fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780 outside U.S. +91 80 6749 1130; 
Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/