EUROPE RESEARCH ROUNDUP: Richemont, Antofagasta, Prudential, Deutsche Post
11/12/2012 15:24
Dec 11 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Richemont, Antofagasta, Prudential, and Deutsche Post, on Tuesday.
HIGHLIGHTS
* Richemont SA : UBS raises price target to Sfr 81 from Sfr 69; rating buy
* Prudential Plc : UBS raises price target to 1000p from 950p; rating buy
* Antofagasta Plc : Nomura cuts to neutral from buy; cuts target to 1400p from 1450p
* Deutsche Post Ag : 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.
* Air France KLM SA : SocGen ups target to 7.5 euros from 6.6 euros; rating hold
* Air France KLM SA : Davy raises to neutral from underperform
* Andor Technology Plc : WH Ireland ups target to 500p from 480p; rating buy
* Antofagasta Plc : Nomura cuts to neutral from buy; cuts target to 1400p from 1450p
* Ashtead Group Plc : Jefferies raises price target to 450p from 400p; rating buy
* Ashtead Group Plc : Numis cuts to add from buy
* Asos Plc : Investec Securities raises target price to 2800p from 2675p; rating buy
* Asos Plc : Barclays raises price target to 3100p from 3000p; rating overweight
* Adva Optical Networking : Berenberg cuts target to 5 euros from 6.65 ; rating buy
* Autogrill : Cheuvreux raises to outperform from underperform
* Avingtrans Plc : Finncap raises target price to 130p from 97p; rating buy
* Aviva Plc : SocGen raises price target to 343p from 295p; rating hold
* BHP Billiton Plc : Nomura raises price target to 2350p from 2000p; rating buy
* Cairn Energy : JP Morgan cuts target price to 320p from 390p; rating neutral
* Deutsche Post Ag : JP Morgan cuts to neutral from overweight
* Deutsche Post Ag : JP Morgan cuts target to 16.90 euros from 17.90
* Domino Printing Sciences : Numis cuts to add from buy
* Elekta : Goldman Sachs ups target to Sek 133 from Sek 122
* Eurasian Natural Resources Corp : Citigroup cuts to sell from neutral
* Eurasian Natural Resources Corp : Citigroup cuts price target to 170p from 350p
* Ferrovial : S&P Capital IQ raises target to 12 euros from 10.50 euros; rating hold
* Geberit : HSBC starts with overweight rating; target price of Sfr 229
* Greene King Plc : Jefferies raises price target to 625p from 575p; rating hold
* Inchcape Plc : UBS starts with buy rating
* IG Group : Canaccord Genuity cuts price target 9 percent to 400p; rating hold
* IMAGINATION : Deutsche Bank raises to buy from hold; cuts target to 520p from 590p
* ITE Group : Westhouse Securities cuts to add from buy
* ITE Group : Peel Hunt cuts price target to 250p from 260p; rating buy
* KBC Groupe SA : SocGen cuts to hold from buy; target to 23 euros from 25 euros
* KBC Groupe SA : Deutsche Bank cuts target to 25 euros from 27 euros; rating buy
* Konecranes Abp : UBS raises price target to 27.5 euros from 25 euros; rating buy
* Kazakhmys Plc : Nomura cuts to reduce from neutral; price target to 700p from 800p
* Lottomatica Group : Credit Suisse ups to outperform from neutral
* Lottomatica Group : Credit Suisse raises price target to 22 euros from 17.60 euros
* Morphosys AG : Helvea raises price target to 44 euros from 32 euros; rating buy
* National Express Group : Deutsche Bank cuts target to 210p from 235p; rating hold
* Optos Plc : Peel Hunt cuts price target to 130p from 150p; rating sell
* Pace Plc : Canaccord Genuity cuts to sell from hold; target price to 150p from 171p
* Prosegur : Kepler cuts to hold from buy
* Prysmian : Cheuvreux cuts to outperform from selected list
* Prudential Plc : UBS raises price target to 1000p from 950p; rating buy
* Resolution Ltd : SocGen raises target price to 240p from 220p; rating hold
* Richemont SA : UBS raises price target to Sfr 81 from Sfr 69; rating buy
* SAP AG : Susquehanna raises target price to $82 from $66; rating neutral
* Schweiter : UBS raises price target to Sfr 530 from Sfr 525; rating buy
* Spectris PLC : UBS raises price target to 2300p from 2100p; rating buy
* Sportech Plc : Peel Hunt raises price target to 70p from 64p; rating hold
* Standard Life PLC : SocGen raises target price to 330p from 270p; rating hold
* STMicroelectronics : Barclays ups target to 5 euros from 4.10; rating equal weight
* STMicroelectronics : UBS raises target to 5.2 euros from 4.3 euros; rating neutral
* Svenska Cellulosa AB SCA : UBS ups target to Sek 160 from Sek 155; rating buy
* The Swatch Group SA : UBS ups target to Sfr 485 from Sfr 445; rating neutral
* Terna : Cheuvreux raises to selected list from outperform
* TUI : Deutsche Bank ups price target to 10.30 euros from 7.30 euros; rating buy
* Tullow Oil : Barclays cuts price target to 1845p from 1895p; rating overweight
* Victrex Plc : Numis cuts to reduce from hold
* Victrex Plc : Peel Hunt raises price target to 1,500p from 1,425p; rating
* Wendel SA : UBS raises price target to 76 euros from 70 euros; rating neutral
((Compiled by Krithika Krishnamurthy; Bangalore Equities Newsdesk +91 80 4135 5800; within U.S.
+1 646 223 8780))
Keywords: RESEARCH EUROPE/