Europe Research Roundup: Randstad, HSBC, Kazakhmys, Bourbon

Retail Estates NV

29/08/2014 15:38

Aug 29 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Randstad, Debenhams and HSBC, on Friday.  
     
    HIGHLIGHTS 
    * Randstad Holding NV  RAND.AS : RBC raises to outperform from sector perform 
    * Bourbon  GPBN.PA : Raymond James cuts to underperform from market perform 
    * HSBC  HSBA.L : UBS raises to buy from neutral 
    * Kazakhmys  KAZ.L : UBS raises to buy from neutral 
    * Debenhams  DEB.L : N+1 Singer raises to buy rating 
    * Zooplus AG  ZO1G.DE : Numis raises to buy from add 
     
     
Following is a summary of research actions on European companies reported by Reuters on Friday. 
Stock entries are in alphabetical order.    
     
    * Adecco  ADEN.VX : RBC raises to outperform from sector perform 
    * Afren  AFRE.L : Citigroup cuts to neutral from buy rating 
    * Akbank  AKBNK.IS : Renaissance Capital cuts to sell from hold 
    * Baloise  BALN.VX : Helvea raises price target by Sfr 5 to Sfr 113; rating hold 
    * Bourbon SA  GPBN.PA : Raymond James cuts to underperform from market perform 
    * British Polythene Industries  BRPI.L : Investec raises target price to 750p from 720p; buy 
    * Bureau Veritas  BVI.PA : Helvea Baader Bank cuts target to 19.7 euros from 21.7 euros;hold 
    * Bwin.Party  BPTY.L : Canaccord Genuity cuts target price to 100p; rating hold 
    * CFE SA  CFEB.BR : ING raises price target to 100 euros from 81.50 euros; rating buy 
    * Chesnara  CSN.L : Canaccord Genuity raises target price to 335p; rating hold 
    * Computacenter  CCC.L : Panmure raises target price to 706p from 695p; rating buy 
    * Costain  COSG.L : Jefferies raises target price to 292p from 289p; rating hold 
    * Creston  CRCRE.L : Sanlam securities starts with buy rating; 150p target price 
    * Debenhams  DEB.L : N+1 Singer raises to buy rating 
    * Deutsche TeleKOM  DTEGn.F : JP Morgan cuts price target to 11.30 euros from 11.50 euros 
    * eDreams Odigeo SA  EDRE.MC : Deutsche Bank cuts target to 3.40 euros from 5.40 euros; hold 
    * eDreams Odigeo SA  EDRE.MC : SocGen cuts target price to 6.3 euros from 6.5 euros; buy 
    * Essilor Int'l  ESSI.PA : Raymond James ups target to 90 euros from 86 euros; outperform 
    * Eurofins Scientific SE (French Branch)  EUFI.PA : Natixis cuts target to 200 eur from 210 
    * Exova Group  EXO.L : Credit Suisse cuts target price to 230p from 255p; rating outperform 
    * Ferragamo  SFER.MI : Mainfirst raises to outperform;price target to 24 euros from 21 euros 
    * Gemalto  GTO.AS : Barclays cuts price target to 87 euros from 95 euros; rating overweight 
    * Gemalto  GTO.AS : Credit Suisse cuts target price to 65 euros from 70 euros;rating neutral 
    * Gemalto  GTO.AS : Natixis cuts price target to 92 euros from 96 euros; rating buy 
    * GN Store Nord A/S  GN.CO : Barclays raises target to Dkk 133 from Dkk 124.50; overweight 
    * Goldenport  GPRT.L : Panmure cuts target price to 550p from 700p; rating buy 
    * Hays  HAYS.L : Investec raises target price to 170p from 150p; rating buy 
    * Hays  HAYS.L : Natixis raises price target to 150p from 140p; rating buy 
    * Hays  HAYS.L : RBC raises target price to 150p from 140p; rating outperform 
    * Hermes Intl.  HRMS.PA : SocGen raises target price to 254 euros from 235 euros; sell 
    * HSBC  HSBA.L : UBS raises to buy from neutral 
    * HSBC  HSBA.L : UBS raises price target to 715p from 645p 
    * Hunting  HTG.L : Canaccord Genuity cuts to hold rating 
    * Hunting  HTG.L : UBS raises price target to 900p from 800p; rating neutral 
    * Imtech  IMUN.AS : ESN/SNS Securities cuts to sell from hold 
    * Ipsen SA  IPN.PA : S&P Capital IQ raises target price to 41 euros from 35 euros; buy 
    * Kazakhmys  KAZ.L : UBS raises to buy from neutral; raises price target to 370p from 350p 
    * Manitou  MANP.PA : Natixis raises price target to 16 euros from 14 euros; rating buy 
    * Marshalls  MSLH.L : Jefferies raises price target to 180.00p from 179.00p; rating hold 
    * Motor Oil  MORr.AT : UBS cuts price target to 8.5 euros from 8.75 euros; rating neutral 
    * MTS  MBT.N : Deutsche Bank cuts to hold from buy 
    * Norilsk Nickel  NLMKq.L : Woodand Coraises target price to $24.5 from $22.1; rating buy 
    * OPAP  OPAr.AT : UBS raises price target to 13 euros from 12.3 euros; rating neutral 
    * Pernod Ricard  PERP.PA : Bryan Garnier raises to buy from neutral 
    * Pernod Ricard  PERP.PA : RBC cuts target price to 94 euros from 95 euros; outperform 
    * Playtech  PTEC.L : UBS raises price target to 780p from 750p; rating buy 
    * Randstad Holding NV  RAND.AS : RBC raises to outperform from sector perform 
    * Restaurant Group Plc  RTN.L : Numis cuts to add from buy 
    * Retail Estates  RETE.BR : ESN/BANK Degroof raises to accumulate from hold 
    * Rostelekom  RTKM.MM : Deutsche Bank cuts to hold from buy 
    * Salamander Energy  SMDR.L : FirstEnergy Capital cuts to outperform from top pick 
    * Salamander Energy  SMDR.L : FirstEnergy Capital cuts target price to 160p from 190p 
    * Salvatore Ferragamo  SFER.MI : Bryan Garnier raises to buy from neutral 
    * Splendid Medien AG  SPME.DE : DZ Bank AG cuts target to 4.10 euros from 4.90 euros; buy 
    * Tesco Plc  TSCO.L : JP Morgan cuts price target to 210p from 235p; rating underweight 
    * Tesco Plc  TSCO.L : Jefferies cuts target price to 250p from 310p; rating hold 
    * Tesco Plc  TSCO.L : S&P Capital IQ cuts target price to 300p from 330p; rating strong buy 
    * Vakifbank  VAKBN.IS : Renaissance Capital cuts to sell from hold 
    * Vivendi SA VIV.PA>: Natixis raises target price to 23.5 euros from 22.2 euros; rating buy 
    * Vivendi SA VIV.PA>: SocGen raises target price to 23.4 euros from 23 euros; rating buy 
    * Wendel  MWDP.PA : Exane BNP Paribas cuts to neutral from outperform 
    * Wendel  MWDP.PA : Natixis cuts target price to 132 euros from 134 euros; rating buy 
    * Wendel  MWDP.PA : SocGen cuts price target to 112 euros from 116 euros; rating buy 
    * Whitbread Plc  WTB.L : Deutsche Bank raises target price to 4567p from 4170p; rating hold 
    * Xaar Plc  XAR.L : Numis cuts to hold from add 
    * Zooplus AG  ZO1G.DE : Numis raises to buy from add 
    * Zurich Airport  FHZN.S : Helvea raises price target to Sfr 650 from Sfr 620; rating buy  
 
 (Compiled by Fareha Khan and Geetha Panchaksharam 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/