EUROPE RESEARCH ROUNDUP: ARM Holdings, Anglo American, Statoil, Bayer
23/05/2013 16:29
May 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Bayer and Thomas Cook Group, on Thursday. HIGHLIGHTS * ARM Holdings PLC ARM.L : Exane BNP Paribas cuts to neutral from outperform * Metals & Mining: Anglo American AAL.L : Jefferies cuts to hold ID:WNBB021TR * Thomas Cook Group TCG.L : Nomura raises to neutral from reduce * Statoil ASA STL.OL : Morgan Stanley raises to equal weight from underweight * Diversified Financials: Schroders Plc SDR.L : Berenberg starts with hold ID:nWNBB021UC * Bayer AG BAYGn.DE : Morgan Stanley starts with equal weight 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. * Aberdeen ADN.L : Berenberg starts with buy rating; target price 580p * African Minerals AMIQ.L : Jefferies cuts price target to 400p from 500p; rating buy * Air France Klm AIRF.PA : Morgan Stanley cuts target price to 7.60 euros from 7.75 euros * Amara Mining AMARA.L : Numis cuts price target to 70p from 80p; rating buy * Anglo American AAL.L : Jefferies cuts to hold from buy; cuts target to 1700p from 2450p * Antofagasta ANTO.L : Jefferies cuts price target to 1000p from 1100p; rating hold * ARM Holdings PLC ARM.L : Exane BNP Paribas cuts to neutral from outperform * Aselsan ASELS.IS : Credit Suisse cuts to neutral from outperform * Aselsan ASELS.IS : Credit Suisse cuts price target to Tl 12.77 from Tl 9.83 * Ashmore ASHM.L : Berenberg starts with buy rating; target price 500p * AVEVA Group AVV.L : Numis raises price target to 2810p; rating buy * AVEVA Group AVV.L : Panmure raises target price to 2076p from 1900p; rating hold * AVEVA Group AVV.L : Canaccord Genuity raises target to 2300p from 2000p; rating hold * Avingtrans AVG.L : Numis starts with buy; price target 145p * Bayer AG BAYGn.DE : Morgan Stanley starts with equal weight; price target 93 euros * BHP Billiton BLT.L : Jefferies cuts price target to 2350p from 2550p; rating buy * Booker Group PLC BOK.L : Investec raises target price to 140p from 134p; rating buy * Booker Group PLC BOK.L : Panmure cuts to hold from buy * Britvic PLC BVIC.L : Citigroup raises price target to 560p from 475p; rating buy * Britvic PLC BVIC.L : UBS raises price target to 500p from 390p; rating neutral * BTG PLC BTG.L : Panmure raises price target to 450p from 420p; rating buy * BTG PLC BTG.L : Peel Hunt raises to buy from hold * BW Offshore BWO.OL : HSBC raises price target to Nok 9 from Nok 8; rating overweight * Carrefour CARR.PA : JP Morgan raises target to 27 euros from 25 euros; rating overweight * Capita CPI.L : Credit Suisse raises target price to 1150p from 1000p; rating outperform * Capita CPI.L : UBS raises price target to 975p from 925p; rating neutral * Capital & Counties CAPCC.L : Deutsche Bank cuts to sell from hold * Celesio AG CLSGn.DE : UBS cuts to sell from buy; cuts target to 14 euros from 16.50 euros * Commerzbank CBKGk.DE : JP Morgan cuts target to 8.74 euros from 10.20 euros; neutral * Credit Suisse Group CSGN.VX : RBC raises target to Sfr 33 from Sfr 30; rating outperform * Daily Mail and General Trust DMGOa.L : Canaccord Genuity ups target to 721p from 670p * Dairy Crest Group DCG.L : Panmure raises target price to 500p from 430p; rating hold * Darty PLC DRTY.L : Morgan Stanley raises target price to 42p from 35p; rating underweight * Darty DRTY.L : UBS raises price target to 70p from 50p; rating neutral * Derwent London DLN.L : Deutsche Bank cuts to hold from buy * Deutsche Wohnen DWNG.DE : UBS raises target to 15.5 euros from 14.3 euros; rating neutral * DMGT DMGOa.L : Numis raises price target to 910p from 895p; rating buy * Drillisch AG DRIG.DE : Berenberg cuts target price to 14 euros from 15 euros; rating hold * Electrocomponents ECM.L : Canaccord Genuity raises target to 300p from 265p; rating buy * Ferrexpo Plc FXPO.L : Jefferies cuts to hold from buy; cuts target to 200p from 300p * Fidessa Group PLC FDSA.L : JP Morgan cuts to underweight from neutral * First Derivatives FRST.L : Panmure starts with buy rating; target price 677p * Firstgroup PLC FGP.L : UBS cuts to neutral from sell; cuts price target to 150p from 170p * Glencore Xstrata Plc GLEN.L : Jefferies raises target to 425p from 400p; rating buy * Glencore Xstrata PLC GLEN.L : Nomura resumes with reduce rating; target price 290p * Great Portland Estates GPOR.L : Exane BNP Paribas raises target by 12 pct to 560p;neutral * Greencore Group GNC.L : Numis raises target price to 130p; rating hold * Halfords Group HFD.L : Cantor cuts to sell from buy * Hammerson HMSO.L : Deutsche Bank cuts to hold from buy * Heidelbergcement HEIG.DE : UBS raises target to 64 euros from 55 euros; rating neutral * Henderson Group Plc HGGH.L : Berenberg starts with sell rating; target price 140p * Henkel HNKG_p.DE : DZ Bank raises price target to 65 euros from 58 euros; rating sell * Homeserve PLC HSV.L : Citigroup raises price target to 270p from 227p; rating neutral * Iliad SA ILD.PA : UBS raises price target to 200 euros from 185 euros; rating buy * Immobel SA IMMO.BR : KBC Securities starts with accumulate rating; target price 36 euros * Inditex S.A. ITX.MC : Nomura cuts target price to 117 euros from 121 euros; rating buy * Invesco Ltd IVZ.N : JP Morgan raises price target to $39 from $36; rating overweight * Jupiter Fund Management JUP.L : Berenberg starts with hold rating; target price 375p * Kazakhmys Plc KAZ.L : Jefferies cuts price target to 350p from 500p; rating hold * Kingfisher KGF.L : Nomura cuts to reduce from neutral; raises target to 280p from 270p * Land Securities Group LAND.L : Deutsche Bank cuts to hold from buy * Legrand LEGD.PA : Citigroup raises price target to 40 euros from 34 euros; rating neutral * London Mining Plc LOND.L : Jefferies cuts price target to 200p from 250p; rating buy * Man Group Plc EMG.L : Berenberg starts with sell rating; target price 105p * Merck KGaA MRCG.DE : Morgan Stanley starts with overweight; price target 142 euros * Mitchells and Butlers PLC MAB.L : Nomura raises target to 370p from 322p; rating neutral * Mothercare MTC.L : Numis cuts to add from buy; raises price target to 405p from 350p * Natixis CNAT.PA : Credit Suisse raises target to 4.54 euros from 4.20 euros; outperform * Newriver Retail NRRT.L : Investec raises target price to 250p from 235p; rating buy * New World Resources NWRR.L : Jefferies cuts target to 125p from 275p; rating hold * Next Fifteen Communications NFC.L : WestHouse Securities raises to buy from add * Next PLC NXT.L : Bernstein raises target price to 4400p from 4100p; rating market perform * PayPoint PLC PAYP.L : Canaccord Genuity raises to buy from hold; target to 999p from 881p * PayPoint PLC PAYP.L : Liberum raises target price to 880p from 840p; rating hold * Petropavlovsk POG.L : Canaccord Genuity cuts target price to 340p from 510p; rating buy * Petropavlovsk POG.L : JP Morgan cuts to neutral from overweight * PZU Group PZU.WA : Exane BNP Paribas raises target by 13 pct to Pln 447; rating neutral * R Stahl RSL2.DE :HSBC cuts to neutral from overweight;ups target to 39 euros from 35 euros * Renew Holdings RNWH.L : WH Ireland raises target price to 137.5p from 130p; rating buy * Roche ROG.VX : BofA Merrill raises price objective to Sfr 275 from Sfr 250; rating buy * Rio Tinto Plc RIO.L : Jefferies cuts price target to 3500p from 4100p; rating buy * SABMiller PLC SAB.L : S&P Capital IQ raises target price to 3610p from 3490p; rating hold * Sampo SAMAS.HE : JP Morgan raises to neutral from underweight; raises target to 29.40 * Schibsted ASA SBST.OL : Citigroup raises price target to Nok 290 from Nok 270; rating buy * Schibsted SBST.OL : UBS raises price target to Nok 285 from Nok 260; rating buy * Schmolz+Bickenbach STLN.S : UBS raises target to Sfr 2.90 from Sfr 2.60; rating neutral * Schroders Plc SDR.L : Berenberg starts with hold rating; target price 2450p * Schweiter SWTQ.S : UBS raises price target to Sfr 605 from Sfr 580; rating buy * Segro Plc SGRO.L : Deutsche Bank cuts to hold from buy * Shaftesbury PLC SHB.L : Jefferies raises price target to 560p from 539p; rating hold * Shire PLC SHP.L : SocGen raises target price to 2761p from 2334p; rating buy * Sky Deutschland SKYDn.DE : UBS raises price target to 6 euros from 4.85 euros; rating buy * Sonova Holding SOON.VX : Helvea raises price target to Sfr 92 from Sfr 90; rating neutral * Sonova Holding SOON.VX : JP Morgan ups target to Sfr 113 from Sfr 109; rating overweight * SMA Solar Technology S92G.DE : ESN/Equinet Bank cuts to sell from hold * SSAB AB SSABa.ST : S&P Capital IQ cuts to strong sell from sell * SSAB AB SSABa.ST : S&P Capital IQ cuts target price to Sek 36 from Sek41 * Statoil ASA STL.OL : Morgan Stanley raises to equal weight from underweight * St. James's Place SJP.L : Panmure raises price target to 725p from 600p; rating buy * Swiss Prime Site SPSN.VX : Vontobel raises target to Sfr 75 from Sfr 74; rating hold * Thomas Cook Group TCG.L : Nomura raises to neutral from reduce; target to 159p from 105p * Vedanta Resources VED.L : Jefferies raises price target to 1200p from 1150p; rating hold * Vestas Wind Systems VWS.CO : Citigroup ups target to Dkr 75 from Dkr 43; rating neutral * Vodafone Group VOD.L : Espirito Santo raises target price to 220p from 200p; rating buy * Vodafone Group VOD.L : Morgan Stanley raises target to 225p from 205p; rating overweight * Youngs YNGa.L : Panmure raises target price to 955p from 804p; rating buy (Compiled by Saqib Iqbal Ahmed) ((saqib.ahmed@thomsonreuters.com)(within U.S. +1 646 223 8780 outside U.S. +91 80 4135 5800)(Reuters Messaging: saqib.ahmed.thomsonsonreuters.com@reuters.net)) Keywords: RESEARCH EUROPE/