EUROPE RESEARCH ROUNDUP: BHP Billiton, Renault, Swatch Group
19/02/2014 06:53
Feb 19 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Renault and Marks and Spencer, on Wednesday.
HIGHLIGHTS
* BHP Billiton BLT.L : SocGen raises target price to 1890p from 1790p; rating hold
* Swatch Group UHR.VX : Barclays raises to overweight from equal weight
* Renault RENA.PA : Barclays raises target to 91 euros from 69 euros; rating overweight
* Marks and Spencer MKS.L : Jefferies raises to buy from hold; target to 600p from 480p
* MTU Aero Engines MTXGn.DE : SocGen cuts to hold from buy
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order. See bottom of the table for sector changes.
* Alstom SA ALSO.PA : UBS cuts traget price to 20 euros from 24 euros; rating neutral
* Arseus Nv RCUS.BR : Jefferies raises target price to 34 euros from 28 euros; rating buy
* Beni Stabili BNSI.MI : SocGen raises target price by 0.05 euro to 0.70 euro; rating buy
* BHP Billiton BLT.L : SocGen raises target price to 1890p from 1790p; rating hold
* Carl Zeiss AFXG.DE : Jefferies ups target to 19.80 euros from 19.50 euros; underperform
* Deceuninck NV DECB.BR : ING raises target to 2.40 euros from 1.85 euros; rating hold
* Deutsche Boerse DB1Gn.DE : Barclays raises target to 53 euros from 50 euros; underweight
* Drax Group PLC DRX.L : Barclays raises price target to 950p from 915p; rating overweight
* Gas Natural GAS.MC : Barclays raises target to 20.50 euros from 19.70 euros; overweight
* Greggs PLC GRG.L : UBS raises target price to 560p from 480p; rating buy
* Heineken NV HEIN.AS : UBS cuts target price to 51 euros from 52 euros; rating neutral
* Hutchison China MediTech HCM.L : UBS raises target price to 820p from 760p; rating buy
* InterContinental Hotels IHG.L : Barclays cuts target to 1900p from 1930p; equal weight
* Intesa Sanpaolo ISP.MI : UBS raises target to 2.45 euros from 2.1 euros; rating buy
* M6 MMTP.PA : SocGen raises target price to 20 euros from 19.3 euros; rating buy
* Marks and Spencer MKS.L : Jefferies raises to buy from hold
* Marks and Spencer MKS.L : Jefferies raises target price to 600p from 480p
* Mayr Melnhof Karton MMKV.VI : UBS raises target to 105 euros from 90 euros; rating buy
* Mediobanca MDBI.MI : UBS raises target price to 6.60 euros from 5.80 euros; neutral
* Morgan Advanced Materials MGAMM.L : Jefferies raises target to 370p from 360p; buy
* MTU Aero Engines MTXGn.DE : SocGen cuts to hold from buy
* Nobel Biocare NOBN.S : Barclays raises target to Sfr 7.50 from Sfr 6.60; underweight
* Nobel Biocare NOBN.S : Jefferies cuts target price to Sfr 12.60 from Sfr 13; rating hold
* Renault RENA.PA : Barclays raises target to 91 euros from 69 euros; rating overweight
* Rexel SA RXL.PA : Morgan Stanley cuts target to 20.70 euros from 22 euros; overweight
* Richemont SA CFR.VX : Barclays raises target to Sfr 110 from Sfr 107; rating overweight
* Schindler SCHN.S : UBS raises target price to Sfr 135 from Sfr 125; rating neutral
* Swatch Group UHR.VX : Barclays raises to overweight from equal weight
* Swatch Group UHR.VX : Barclays raises price target to Sfr 700 from Sfr 650
* Tod's Spa TOD.MI : Barclays cuts target to 90 euros from 98 euros; rating underweight
* Tullett Prebon TLPR.L : Barclays raises target to 350p from 325p; rating equal weight
(Reporting by Eileen Anupa Soreng 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/