EUROPE RESEARCH ROUNDUP: Carlsberg, Deutsche Bank, GlaxoSmithKline, ING
14/08/2013 09:22
Aug 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ING, Deutsche Bank, and GlaxoSmithKline, on Wednesday. HIGHLIGHTS * Deutsche Bank DBKGn.DE : RBC cuts to sector perform from outperform * Carlsberg CARLb.CO : Credit Suisse raises to outperform from underperform * GlaxoSmithKline PLC GSK.L : JP Morgan raises to neutral from underweight * ING ING.AS : Barclays raises price target to 8.50 euros from 7 euros; rating equal weight * Coca Cola HBC AG CCH.L : Goldman Sachs cuts to neutral from buy Following is a summary of research actions on European companies reported by Reuters on Wednesday. Stock entries are in alphabetical order. * Aareal Bank AG ARLG.DE : ESN/Equinet Bank cuts to hold from accumulate * Afren PLC AFRE.L : Investec raises price target to 170p from 160p; rating buy * Algeta ALGETA.OL : Citigroup raises price target to Nok 330 from Nok 260P; rating buy * Aurubis AG NAFG.DE : HSBC cuts target to 45.3 euros from 45.60 euros; rating neutral * Aurubis AG NAFG.DE : SocGen raises price target to 51 euros from 48 euros; rating buy * Aviva PLC AV.L : Goldman Sachs raises price target to 405p from 390p; rating neutral * Bank Zachodni WBK SA BZW.WA : UBS cuts to neutral from buy * Bank Zachodni WBK SA BZW.WA : UBS raises price target to Pln 330 from Pln 315 * BB Biotech BION.S : Deutsche Bank raises price target to Sfr 164.50 from Sfr 106.50 * Berdrola IBE.MC : Credit Suisse raises target to 4.6 euros from 4.3 euros; outperform * Biotest AG BIOG.DE : HSBC raises target to 64 euros from 62 euros; rating overweight * BNP Paribas BNPP.PA : Barclays raises target to 59 euros from 55 euros; rating overweight * Carlsberg A/S CARLb.CO : Credit Suisse raises to outperform from underperform * Carlsberg A/S CARLb.CO : Credit Suisse raises target to Dkk 680 from Dkk 570 * Catlin CGL.L : UBS cuts price target to 470p from 475p; rating neutral * Coca Cola HBC AG CCH.L : Goldman Sachs cuts to neutral from buy * Coca Cola HBC AG CCH.L : Goldman Sachs removes from pan-Europe buy list * Coca Cola HBC AG CCH.L : Goldman Sachs cuts price target to 1940p from 2000p * Coloplast A/S COLOb.CO : Credit Suisse raises target to Dkk 345 from Dkk 330; outperform * Coloplast A/S COLOb.CO : Jefferies raises target to Dkk 270 from Dkk 230; underperform * Coloplast A/S COLOb.CO : JP Morgan raises target to Dkk 266 from Dkk 241; rating neutral * Credit Agricole CAGR.PA : Barclays raises target to 7 euros from 6.50 euros; underweight * Cyfrowy Polsat SA CPS.WA : Deutsche Bank cuts to hold from buy * Deutsche Bank DBKGn.DE : RBC cuts to sector perform from outperform * Deutsche Bank DBKGn.DE : RBC cuts price target to 36 euros from 38 euros * Deutsche Post DPWGn.DE : RBC raises target to 24 euros from 23 euros; rating outperform * Deutsche Telekom DTEGn.DE : Jefferies raises target to 11.10 euros from 9.70 euros; buy * EDP EDP.LS : Credit Suisse raises target price to 3 euros; rating outperform * ENEL ENEI.MI : Credit Suisse raises target to 2.4 euros from 2.3 euros; underperform * EnQuest PLC ENQ.L : Morgan Stanley cuts target to 135p from 140p; rating underweight * Galenica AG GALN.S : Credit Suisse raises target to Sfr 780 from Sfr 600; rating neutral * Galenica AG GALN.S : Deutsche Bank raises price target to Sfr 870 from Sfr 850 * GAM Holding GAMH.S : RBC raises target price to Sfr 20 from Sfr 18.50; rating outperform * GAM Holding GAMH.S : UBS raises to buy from neutral * GAM Holding GAMH.S : UBS raises price target to Sfr 19 from Sfr 15.7 * Gas Natural GAS.MC : Credit Suisse raises target to 14 euros from 13 euros;rating neutral * GlaxoSmithKline PLC GSK.L : JP Morgan raises to neutral from underweight * GlaxoSmithKline PLC GSK.L : Natixis raises target to 1700p from 1650p; rating neutral * Grupa Lotos LTSP.WA : Deutsche Bank raises to hold from sell * Grupa Lotos LTSP.WA : Deutsche Bank raises price target to Pln 34 from Pln 21 * Henderson Group HGGH.L : Berenberg raises to hold from sell * Henderson Group HGGH.L : Berenberg raises target price to 165p from 140p * ING ING.AS : Barclays raises price target to 8.50 euros from 7 euros; rating equal weight * International Airlines Group ICAG.L : Nomura raises target to 335pfrom 283p; rating buy * Interserve PLC IRV.L : Liberum raises price target to 600p from 550p; rating buy * Intesa Sanpaolo SpA ISP.MI : Credit Suisse raises target to 1.8 euros from 1.7 euros * Julius Baer Group BAER.VX : Barclays raises target to 43 euros from 41 euros;equal weight * K&S SDFGn.DE : Deutsche Bank cuts price target to 13 euros from 15 euros * KBC KBC.BR : Barclays raises price target to 43 euros from 41 euros; rating equal weight * Ladbrokes LAD.L : Investec cuts price target to 200p from 220p; rating hold * Laird PLC LRD.L : UBS raises to buy from neutral * Laird PLC LRD.L : UBS raises price target to 255p from 210p * Lookers PLC LOOK.L : Panmure raises price target to 140p from 127p; rating hold * Marine Harvest ASA MHG.OL : SEB Equity research cuts to hold from buy * Marine Harvest ASA MHG.OL : SEB Equity research cuts target to NOK 6.40 from NOK 6.60 * Mears Group PLC MERG.L : Jefferies raises target price to 435p from 370p; rating hold * Michael Page MPI.L : Credit Suisse raises target to 420p from 360p; rating underperform * MOL Magyar Olaj- es Gazipari Nyrt MOLB.BU : Citigroup cuts to sell from neutral * Nedap NEDP.AS : ESN/SNS Securities cuts to hold from accumulate * OMV AG OMVV.VI : Natixis cuts target price to 45.3 euros from 46 euros; rating buy * Pandora A/S PNDORA.CO : JP Morgan raises target to Dkk 267 from Dkk 260;rating overweight * PKN Orlen PKN.WA : Deutsche Bank raises to buy from sell * PKN Orlen PKN.WA : Deutsche Bank raises price target to Pln 55 from Pln 32 * Repsol SA REP.MC : Barclays cuts to equal weight from overweight * Robert Walters RWA.L : Credit Suisse raises target to 320p from 250p; rating outperform * Royal Dutch Shell Plc RDSA.L : Barclays raises to overweight from equal weight * Safran SA SAF.PA : Citigroup raises price target to 49.50 euros from 43 euros; rating buy * Sandvik AB SAND.ST : Berenberg cuts price target to Sek 107 from Sek 115; rating buy * Schindler SCHP.VX : UBS cuts price target to Sfr 135 from Sfr 140; rating neutral * Schindler Holding SCHN.S : Canaccord Genuity cuts to hold from buy * Schindler Holding SCHN.S : Canaccord Genuity cuts target price to Sfr 145 from Sfr 160 * Schroders PLC SDR.L : Morgan Stanley raises target to 2650p from 2525p; rating overweight * Semperit AG Holding SMPV.VI : Deutsche Bank raises price target to 39 euros from 35 euros * Societe Generale SOGN.PA : Barclays raises target to 38 euros from 32 euros; equal weight * Thyssenkrupp AG TKAG.DE : Citigroup raises target to 17.60 euros from 15.50 euros;neutral * TomTom NV TOM2.AS : ESN/SNS Securities cuts to accumulate from buy * TomTom NV TOM2.AS : ESN/SNS Securities raises target price to 5.10 euros from 4.75 euros * Unicredit SpA CRDI.MI : Credit Suisse raises target to 4.9 euros from 4 euros; neutral * William Hill PLC WMH.L : Numis raises to buy from add (Compiled by Varun Aggarwal in Bangalore) ((varun.aggarwal@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S +91 80 6749 6234)(Reuters Messaging: varun.aggarwal.thomsonreuters.com@reuters.net)) Keywords: RESEARCH EUROPE/