EUROPE RESEARCH ROUNDUP: Hannover Re, Bankia, Volvo, Unilever
28/10/2013 15:41
Oct 28 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Hannover Re and Cap Gemini, on Monday.
HIGHLIGHTS
* Hannover Re HNRGn.DE : Morgan Stanley raises to equal weight from underweight
* Imperial Tobacco IMT.L : Renaissance Capital cuts to hold from buy
* Volvo AB VOLVb.ST : Baird cuts price target to Sek 96 from Sek 102; rating neutral
* Cap Gemini CAPP.PA : HSBC cuts to neutral from overweight
* Unilever ULVR.L : Panmure cuts to hold from buy
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order. See bottom of the table for sector changes.
* 3i Group III.L : SocGen raises price target to 415p from 370p; rating buy
* Admiral ADML.L : Numis raises to add from reduce; target by 255p to 1425p
* Anheuser-Busch ABI.BR : Bernstein cuts target to 86 euros from 88 euros; market-perform
* Atresmedia A3M.MC : Credit Suisse raises target to 16 euros from 7.9 euros; outperform
* Autogrill AGL.MI : MainFirst Bank starts with outperform; target price 8 euros
* BASF BASFn.DE : JP Morgan raises price target to 56 euros from 54 euros; underweight
* BASF BASFn.DE : SocGen raises target price to 76 euros from 70 euros; rating hold
* BBVA BBVA.MC : RBC cuts target price to 6.50 euros from 6.80 euros; sector perform
* Brewin Dolphin BRW.L : N+1 Singer starts with buy rating; price target of 305p
* Cap Gemini CAPP.PA : HSBC cuts to neutral from overweight
* Cargotec CGCBV.HE : HSBC cuts to neutral from overweight
* Cargotec CGCBV.HE : HSBC raises target price to 29 euros from 28 euros
* Dialog Semiconductor DLGS.DE : Jefferies raises target to 17.79 euros from 15.33 euros
* ElringKlinger ZILGn.DE : HSBC cuts to underweight from neutral
* EnQuest ENQ.L : Liberum raises to buy from hold; target to 174p from 142p
* Ericsson ERICb.ST : Credit Suisse cuts target to Sek 94 from Sek 100; rating outperform
* Eurocash EUR.WA : JP Morgan cuts to neutral from overweight
* Gemalto GTO.AS : Credit Suisse cuts to neutral; target price to 75 euros from 90 euros
* Hannover Re HNRGn.DE : Morgan Stanley raises target to 62.30 euros from 57.80 euros
* Hannover Re HNRGn.DE : Morgan Stanley raises to equal weight fom underweight
* Imperial Tobacco IMT.L : Renaissance Capital cuts to hold from buy
* Lisi GFII.PA : HSBC cuts to neutral from overweight
* Modern Times MTGb.ST : Morgan Stanley ups target to Sek 320 from Sek 300; equal weight
* Novozymes NZYMb.CO : Jefferies raises price target to Dkk 195 from Dkk 175; rating hold
* Panalpina PWTN.S : RBC raises target to Sfr 145 from Sfr 125; rating sector perform
* Petroleum Geo Services PGS.OL : Morgan Stanley raises target to Nok 96 from Nok 90
* Rec Silicon REC.OL : HSBC raises to neutral from underweight
* Sage Group SGE.L : Jefferies raises target price to 380p from 320p
* Sage Group SGE.L : Jefferies raises to buy from hold
* Salamander Energy SMDR.L : RBC cuts price target to 170p from 250p
* Salamander Energy SMDR.L : RBC cuts to sector perform from outperform
* Sandvik SAND.ST : Berenberg cuts price target to Sek 112 from Sek 117; rating buy
* Schneider Electric SCHN.PA : SocGen cuts target to 70 euros from 73 euros; rating buy
* SGS SGSN.VX : SocGen cuts price target to Sfr 2260 from Sfr 2300; rating hold
* Suez Environnement SEVI.PA : Morgan Stanley ups price target to 14 euros from 11 euros
* Suez Environnement SEVI.PA : Morgan Stanley raises to overweight from equal weight
* Swatch Group UHR.VX : Renaissance Capital raises target to Sfr 580 from Sfr 550; hold
* Telenor TEL.OL : Berenberg raises price target to Nok 149 from Nok 129; rating hold
* TeliaSonera TLSN.ST : Berenberg raises price target to Sek 49 from Sek 44; rating hold
* Unilever ULVR.L : Panmure cuts to hold from buy; target price to 2625p from 2800p
* USG People USGP.AS : ING raises target to 9 euros from 5.75 euros; rating hold
* Veolia Environnement VIE.PA : Berenberg ups target to 14.60 euros from 11 euros; buy
* Veolia Environnement VIE.PA : Morgan Stanley ups target to 15.5 euros from 14 euros
* Vinci SGEF.PA : Raymond James raises target to 53 euros from 46 euros; rating outperform
* Volvo AB VOLVb.ST : Baird cuts price target to Sek 96 from Sek 102; rating neutral
(Compiled by Eileen Anupa Soreng and Aby Jose Koilparambil in Bangalore)
((eileen.soreng@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6749
6131)(Reuters messaging: eileen.soreng.thomsonreuters.com@reuters.net))
Keywords: RESEARCH EUROPE/