EUROPE RESEARCH ROUNDUP: Lufthansa, SAP, Shire PLC
20/01/2014 13:01
Jan 20 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including AFG Arbonia Forster Holding and SAP on Monday.
HIGHLIGHTS
* AFG Arbonia Forster Holding AFGN.S : Vontobel cuts to hold from buy
* SAP SAPG.DE : Erste Group raises to buy from hold
* Lufthansa LHAG.DE : UBS raises price target to 20 euros from 16 euros; rating buy
* Shire PLC SHP.L : UBS raises price target to 3180p from 3060p; rating neutral
Following is a summary of research actions on European companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Admiral Group ADML.L : Canaccord Genuity raises to hold from sell
* Admiral Group ADML.L : Canaccord Genuity raises target price to 1400p from 1160p
* AFG Arbonia Forster Holding AFGN.S : Vontobel cuts to hold from buy
* Air France KLM AIRF.PA : UBS cuts to neutral from buy
* Air France KLM AIRF.PA : UBS raises price target to 10 euros from 8.7 euros
* Alkane Energy ALKN.L : Liberum cuts to hold from buy; target price of 44p
* AMS AMS.S : Jefferies raises target price to Sfr 134 from Sfr 102; rating buy
* Arbonia Forster AFGN.S : UBS raises price target to Sfr 40 from Sfr 34; rating buy
* Associated British Foods ABF.L : UBS raises price target to 2890p from 2430p; rating buy
* Bankinter BKT.MC : UBS raises price target to 5.5 euros from 4.25 euros; rating neutral
* Cap Gemini CAPP.PA : Natixis raises target to 46 euros from 42 euros; rating neutral
* Coloplast A/S COLOb.CO : Berenberg raises target to Dkk 350 from Dkk 330; rating hold
* Continental CONG.DE : Erste Group starts with buy
* Dialog Semiconductor DLGS.DE : Jefferies raises target price to 19.35 euros; rating buy
* Direct Line DLGD.L : Canaccord Genuity raises target price to 275p From 240p; rating buy
* Dragon Oil DGO.L : BofA Merrill raises to neutral from underperform
* ENKA Insaat ENKAI.IS : HSBC raises target to Tl 8.15 from Tl 6.12; rating overweight
* esure ESUR.L : Canaccord Genuity raises target price to 305p From 255p; rating buy
* Folli Follie HDFr.AT : HSBC ups target to 33.6 euros from 32.5 euros; rating overweight
* Fugro FUGRc.AS : Natixis cuts price target to 36 euros from 39 euros; rating reduce
* Groupe Fnac FNAC.PA : Natixis raises price target to 29 euros from 26 euros; rating buy
* Groupe Steria TERI.PA : Natixis ups target to 16 euros form 15 euros; rating neutral
* Halfords HFD.L : HSBC raises price target to 545p from 530p; rating neutral
* Hermes International HRMS.PA : Deutsche Bank raises to hold from sell
* Hermes International HRMS.PA : Deutsche Bank raises target to 235 euros from 220 euros
* Hutchison China MediTech HCM.L : UBS raises target price to 760p From 700p; rating buy
* Lufthansa LHAG.DE : UBS raises price target to 20 euros from 16 euros; rating buy
* Luxottica LUX.MI : Deutsche Bank raises to buy from hold
* Luxottica LUX.MI : Deutsche Bank raises target price to 45.50 euros from 35.50 euros
* Marks and Spencer Group MKS.L : Investec raises target to 550p from 500p; rating buy
* Pandora PNDORA.CO : Nordea raises target price to Dkk 375 from Dkk 325; rating buy
* Pearson PSON.L : Berenberg raises price target to 1360p from 1200p; rating hold
* Portmeirion PMGR.L : Natixis raises price target to 820p from 711p; rating buy
* Safilo Group SFLG.MI : Deutsche Bank cuts to hold from buy
* Safilo Group SFLG.MI : Deutsche Bank raises price target to 20 euros from 17 euros
* Salamander Energy SMDR.L : Jefferies cuts price target to 260p from 280p; rating buy
* Sanitec Corp SNTC.ST : UBS starts with buy; price target Sek 85
* SAP SAPG.DE : Erste Group raises to buy from hold
* Schweiter Technologies SWTQ.S : UBS ups target to Sfr 640 from Sfr 595; rating neutral
* Shire PLC SHP.L : UBS raises price target to 3180p from 3060p; rating neutral
* Smurfit Kappa Group SKG.I : Investecups target to 22.08 euros from 19.30 euros; buy
* Software SOWG.DE : Natixis raises to neutral from reduce
* Software SOWG.DE : Natixis raises price target to 28.5 euros from 26 euros
* Subsea 7 SUBC.OL : Natixis raises cuts price to 139 euros from 142 euros; rating buy
* Technip TECF.PA : Natixis raises target price to 69 euros from 62 euros; rating neutral
* Tecnicas Reunidas TRE.MC : Natixis cuts to reduce from neutral
* Tecnicas Reunidas TRE.MC : Natixis cuts price target to 36 euros from 37 euros
* Volkswagen VOWG_p.DE : Natixis raises target to 235 euros from 206 euros; rating buy
* Weir WEIR.L : Redburn Partners starts with buy rating; target price of 2600p
* Xchanging XCH.L : Liberum raises target price to 195p To 160p; rating buy
(Compiled by Archana Lakshmi Narasiah in Bangalore)
((archana.narasiah@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6677
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Keywords: RESEARCH EUROPE/