EUROPE RESEARCH ROUNDUP: HSBC, Schneider Electric, Dairy Crest , Deutsche Boerse
04/06/2013 16:22
June 4 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Schneider Electric, Dairy Crest and United Utilities, on Tuesday.
HIGHLIGHTS
* Schneider Electric SCHN.PA : HSBC ups target to 74 euros from 70 euros; rating overweight
* HSBC Holdings PLC HSBA.L : Goldman Sachs raises price target to 950p from 940p
* United Utilities UU.L : SocGen cuts to hold from buy
* London Stock Exchange LSE.L : JP Morgan raises price target to 1244p from 1233p
* Deutsche Boerse DB1Gn.DE : JP Morgan cuts to neutral from overweight
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Ahold AHLN.AS : Natixis raises price target to 14.5 euros from 12.5 euros
* Alfa Laval ALFA.ST : HSBC raises target price to Sek 165 from Sek 160; rating neutral
* Alent Plc ALNT.L : Goldman Sachs starts with buy rating; price target of 426p
* Aquarius Platinum Ltd AQP.L : CIBC cuts price target to 80p from 90p
* Andritz ANDR.VI : HSBC cuts price target to 41 euros from 43 euros; rating underweight
* Arcadis NV ARDS.AS : ING raises price target to 26 euros from 22 euros; rating buy
* Assa Abloy ASSAb.ST : HSBC raises target price to Sek 325 from Sek 310; rating overweight
* Autoneum Holding AG AUTON.S : Credit Suisse starts with outperform rating
* Balfour Beatty BALF.L : HSBC cuts price target to 260p from 285p; rating neutral
* Bouygues SA BOUY.PA : HSBC cuts price target to 23 euros from 24 euros; rating neutral
* Credit Agricole SA CAGR.PA : Goldman Sachs cuts price target to 6.6 euros from 6.7 euros
* Dairy Crest Group DCG.L : Credit Suisse cuts to underperform from neutral
* Dairy Crest Group DCG.L : Credit Suisse raises target price to 465p from 375p
* Deutsche Boerse DB1Gn.DE : JP Morgan cuts to neutral from overweight
* Deutsche Boerse DB1Gn.DE : JP Morgan raises price target to 50 euros from 48 euros
* De La Rue Plc DLAR.L : Numis raises to add from hold
* ENRC ENRC.L : UBS cuts price target to 285p from 320p
* Elisa OYJ ELI1V.HE : DNB Markets cuts to sell from hold
* F&C Asset Management FCAM.L : SocGen raises to buy from hold
* GFT Technologies GFTG.DE : ESN/Equinet raises price target to 4.60 euros from 4.50 euros
* GKN GKN.L : UBS raises price target to 350p from 275p; rating buy
* Great Portland Estates GPOR.L : Espirito Santo Investment Bank raises to buy rating
* GW Pharmaceuticals Plc GWPH.O : Canaccord Genuity starts with buy rating
* Halyk Bank HSBKq.L : Credit Suisse cuts target price to $10.4 from $10.5
* Heidelberger Druck HDDG.DE : ESN/Equinet raises target to 2.40 euros from 1.90 euros
* HSBC Holdings PLC HSBA.L : Goldman Sachs raises price target to 950p from 940p
* ICAP IAP.L : JP Morgan cuts price target to 344p from 355p
* IG Group IGG.L : Investec raises price target to 700p from 560p; rating buy
* Iliad SA ILD.PA : HSBC raises target price to 195 euros from 165 euros; rating overweight
* Intercede IGP.L : Finncap raises price target to 90p from 80pŸ
* ITE Group ITE.L : Goldman Sachs raises target price to 380p from 365p
* ITE Group ITE.L : Goldman Sachs removes from Pan-Europe Conviction Buy List; rating buy
* Klepierre SA LOIM.PA : Natixis raises price target to 35.5 euros from 34.5 euros
* Kloeckner & Co SE KCOGn.DE : Goldman Sachs resumes coverage with sell rating
* Kone KNEBV.HE : HSBC raises price target to 78 euros from 69 euros; rating neutral
* Legrand LEGD.PA : HSBC raises price target to 42 euros from 38 euros; rating neutral
* London Stock Exchange LSE.L : JP Morgan raises price target to 1244p from 1233p
* Lonmin Plc LMI.L : CIBC raises to sector performer from sector underperformer
* Lonmin Plc LMI.L : CIBC raises target price to 370p from 220p
* Metso Oyj MEO1V.HE : HSBC raises target to 30 euros from 28 euros; rating underweight
* Metro MEOG.DE : Exane BNP Paribas raises target price to 24 euros from 22.5 euros
* Michelin SCA MICP.PA : S&P Capital IQ raises target price to 85 euros from 75 euros
* Mitie Group MTO.L : HSBC cuts price target to 260p from 280p; rating neutral
* Natixis SA CNAT.PA : Goldman Sachs cuts price target to 3.85 euros from 4 euros
* Neopost SA NPOS.PA : Natixis raises target price to 51 euros from 50 euros
* Neopost SA NPOS.PA : Exane BNP Paribas raises target price to 60 euros from 54 euros
* OGK2 OGKB.MM : HSBC cuts target to 0.26 roubles from 0.35 roubles; rating underweight
* Pennon Group PNN.L : SocGen raises fair value to 695p from 682p; rating hold
* Phoenix IT PHIT.L : N+1 Singer raises to hold from sell
* Roche Holding AG ROG.VX : Natixis raises target price to Sfr 270 from Sfr 255
* Seadrill SDRL.OL : Nordea Equity Research raises to buy from hold
* Spirax-Sarco Engineering SPX.L : Investec raises price target to 2800p from 2600p
* Spirit Pub Company Plc SPRTC.L : Deutsche Bank raises price target to 65p from 53p
* Schindler Holding SCHN.S : HSBC raises target to Sfr 179 from Sfr 175; rating overweight
* Schneider Electric SCHN.PA : HSBC ups target to 74 euros from 70 euros; rating overweight
* Sepura SEPU.L : Liberum raises price target to 130p from 115p; rating buy
* Serco Group SRP.L : HSBC cuts to underweight from neutral
* SKF INC SKFb.ST : HSBC raises target price to Sek 210 from Sek 200; rating overweight
* Smiths Group SMIN.L : HSBC raises target price to 1550p from 1400p; rating overweight
* Smiths Group SMIN.L : Citigroup raises target price to 1270p from 1020p
* Societe Generale SOGN.PA : Goldman Sachs raises to buy from neutral
* Societe Generale SOGN.PA : Goldman Sachs raises price target to 42 euros from 40 euros
* Sopra Group SA SOPR.PA : Exane BNP Paribas raises target price to 58 euros from 55 euros
* United Internet UTDI.DE : Berenberg raises target to 26 euros from 20 euros; rating buy
* United Utilities UU.L : SocGen cuts to hold from buy
* Vinci SA SGEF.PA : Exane BNP Paribas raises to outperform from neutral
* Vinci SA SGEF.PA : Exane BNP Paribas raises target price to 48 euros from 41 euros
* VP PLC VP.L : Peelhunt raises to hold from sell
* VP PLC VP.L : Peelhunt raises price target to 350p from 300p
* Warsaw Stock Exchange GPW.WA : JP Morgan raises price target to Pln 45 from Pln 37
* Wartsila WRT1V.HE : HSBC raise price target to 41 euros from 39 euros; rating neutral
* Wolseley Plc WOS.L : Numis raises target price to 3250p from 2850p
(Compiled by Eileen Anupa Soreng and Neha Dimri 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/