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Europe Research Roundup: Aker ASA, Michelin, Sulzer

Removes entry on DNB Carnegie raising its rating and target price on Aker ASA AKER.OL, as the action was for Aker BP AKRBP.OL, a different company

Jan 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Bechtle, Michelin and Sulzer on Tuesday.

HIGHLIGHTS

* Bechtle AG BC8G.DE: Jefferies raises target price to EUR 52 from EUR 48
* Michelin MICP.PA: Berenberg initiates coverage with hold rating
* Sulzer AG SUN.S: Jefferies raises target price to CHF 181 from CHF 173
* Verbio SE VBKG.DE: Jefferies raises target price to EUR 21 from EUR 16
Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. See botton of table Sector changes.
* Amundi SA AMUN.PA: RBC raises target price to EUR 71 from EUR 66
* ASMI ASMI.AS: Jefferies cuts to underperform from hold
* ASML Holding NV ASML.AS: Jefferies raises target price to EUR 1020 from EUR 795
* ATOSS Software SE AOFG.DE: Jefferies raises target price to EUR 140 from EUR 120
* ATOSS Software SE AOFG.DE: Jefferies raises to buy from hold
* Bechtle AG BC8G.DE: Jefferies raises target price to EUR 52 from EUR 48
* Besi BESI.AS: JP Morgan raises target price to EUR 172 from EUR 160
* Bossard Holding AG BOS.S: Jefferies cuts target price to CHF 165 from CHF 193
* Cancom SE COKG.DE: Jefferies raises target price to EUR 32 from EUR 29
* Continental AG CONG.DE: Berenberg cuts target price to EUR 74 from EUR 82
* Continental AG CONG.DE: Berenberg cuts to hold from buy
* Douglas AG DOUn.DE: Jefferies cuts target price to EUR 16 from EUR 18
* Entain ENT.L: Jefferies cuts target price to 1,000p from 1,200p
* Georg Fischer AG GF.S: Jefferies cuts target price to CHF 74 from CHF 82
* Greggs GRG.L: JP Morgan cuts target price to 2060p from 2110p
* Hacksaw AB HACK.ST: Jefferies cuts target price to SEK 100 from SEK 130
* Holcim AG HOLN.S: Citigroup raises target price to CHF 80 from CHF 75
* Infineon Technologies AG IFXGn.DE: Jefferies raises PT to EUR 52 from EUR 48
* Interroll Holding AG INRN.S: Jefferies raises PT to CHF 2,700 from CHF 2,600
* Kambi Group Plc KAMBI.ST: Jefferies cuts target price to SEK 140 from SEK 155
* Kambi Group Plc KAMBI.ST: Jefferies cuts to hold from buy
* Krones AG KRNG.DE: Jefferies raises target price to EUR 164 from EUR 157
* LVMH LVMH.PA: TD Cowen raises target price to EUR 700 from EUR 685
* Michelin MICP.PA: Berenberg initiates coverage with hold rating
* Michelin MICP.PA: Berenberg initiates coverage with target price EUR 28
* Munters MTRS.ST: Jefferies raises target price to SEK 235 from SEK 195
* Nordex SE NDXG.DE: Jefferies raises target price to EUR 38 from EUR 31
* Nordic Semiconductor NOD.OL: Jefferies cuts target price to NOK 101 from NOK 105
* Pirelli & C SpA PIRC.MI: Berenberg initiates coverage with buy rating
* Pirelli & C SpA PIRC.MI: Berenberg initiates coverage with target price EUR 8
* Planisware PLNW.PA: UBS initiates coverage with buy rating
* PVA Tepla AG TPEG.DE: Jefferies raises raises target price to EUR 31 from EUR 26
* PVA Tepla AG TPEG.DE: Jefferies raises to buy from hold
* Randstad NV RAND.AS: BofA Global Research cuts price objective to EUR 39 from EUR 42
* Raspberry PI Holdings Plc RPI.L: Jefferies cuts target price to 420p from 610p
* Reckitt RKT.L: Deutsche Bank raises target price to 6000p from 5700p
* Renault RENA.PA: HSBC cuts target price to EUR 46 from EUR 47
* Rolls-Royce RR.L: Deutsche Bank raises target price to 1325p from 1220p
* Safran SAF.PA: Deutsche Bank raises target price to EUR 348 from EUR 325
* Saint-Gobain SGOB.PA: Bernstein cuts target price to EUR 90 from EUR 95
* Santander SAN.MC: Kepler Cheuvreux raises target price to EUR 12.4 from EUR 8.81
* Santander SAN.MC: Kepler Cheuvreux raises to buy from hold
* Sdiptech AB (Publ) SDIPb.ST: Berenberg raises target price to SEK 235 from SEK 220
* Sensirion Holding AG SENSI.S: JP Morgan cuts target price to CHF 81 from CHF 86
* SFS Group AG SFSN.S: Jefferies cuts target price to CHF 135 from CHF 143
* Siltronic AG WAFGn.DE: Jefferies cuts target price to EUR 66 from EUR 70
* SMA Solar S92G.DE: Jefferies cuts target price to EUR 37 from EUR 39
* SMA Solar S92G.DE: Jefferies cuts to hold from buy
* Sodexo EXHO.PA: Bernstein cuts target price to EUR 52.6 from EUR 65.5
* Spie SA SPIE.PA: BofA Global Research raises price objective to EUR 58 from EUR 55
* SSAB SSABa.ST: Deutsche Bank raises target price to SEK 67 from SEK 60
* SSAB SSABa.ST: UBS raises target price to SEK 92 from SEK 76.5
* Stellantis NV STLAM.MI: HSBC raises target price to EUR 10 from EUR 8.5
* STMicroelectronics NV STMPA.PA: Jefferies raises target price to EUR 29 from EUR 26
* Sulzer AG SUN.S: Jefferies raises target price to CHF 181 from CHF 173
* Suss Microtec SE SMHNn.DE: Jefferies raises target price to EUR 56 from EUR 42
* Swatch UHR.S: Barclays raises target price to CHF 119 from CHF 108
* Swatch Group AG UHR.S: Barclays raises target price to CHF 119 from CHF 108
* Swiss Life Holding AG SLHN.S: JP Morgan raises target price to CHF 725 from CHF 715
* Swiss Prime Site SPSN.S: Morgan Stanley initiates coverage with target price CHF 110
* Swiss Prime Site SPSN.S: Morgan Stanley initiates coverage with underweight rating
* Telecom Italia TLITn.MI: Barclays raises target price to EUR 0.72 from EUR 0.6
* Telia Company AB TELIA.ST: UBS cuts to neutral from buy
* Telia Company AB TELIA.ST: UBS raises target price to SEK 41.6 from SEK 35.7
* Terna Rete Elettrica Nazionale SpA TRN.MI: Morgan Stanley cuts PT to EUR 8.15 from EUR 8.2
* TF1 TFFP.PA: Bernstein cuts target price to EUR 8.3 from EUR 9.5
* TF1 TFFP.PA: Bernstein cuts to market-perform from outperform
* Thales TCFP.PA: Deutsche Bank cuts target price to EUR 280 from EUR 285
* Thales TCFP.PA: Deutsche Bank cuts to hold from buy
* Thg Plc THG.L: Jefferies raises target price to 60p from 55p
* TKMS TKMS.DE: Deutsche Bank raises target price to EUR 99 from EUR 82
* Traton SE 8TRA.DE: Morgan Stanley cuts to underweight from equal weight
* Trustpilot Group Plc TRST.L: Panmure Liberum raises target price to 220p from 210p
* Trustpilot Group Plc TRST.L: Panmure Liberum raises to hold from sell
* Turkish Airlines THYAO.IS: HSBC cuts target price to TRY 400 from TRY 440
* Unicaja UNI.MC: Kepler Cheuvreux raises target price to EUR 3.1 from EUR 2.7
* VAR ENERGI: DNB Carnegie cuts to sell from hold; target price to NOK 25 from NOK 31
* VAT Group AG VACN.S: Jefferies cuts to underperform from hold
* Verbio SE VBKG.DE: Jefferies raises target price to EUR 21 from EUR 16
* Vinci SGEF.PA: BofA Global Research cuts price objective to EUR 120 from EUR 128
* Vinci SGEF.PA: BofA Global Research cuts to underperform from buy
* Volkswagen AG VOWG.DE: HSBC raises target price to EUR 135 from EUR 127
* Volkswagen AG VOWG_p.DE: HSBC raises target price to EUR 135 from EUR 127
* Volvo VOLVb.ST: Morgan Stanley raises target price to SEK 323 from SEK 305
* Vusiongroup SA VU.PA: Exane BNP Paribas cuts target price to EUR 210 from EUR 275
* Vusiongroup SA VU.PA: Exane BNP Paribas cuts to neutral from outperform
* Zalando SE ZALG.DE: Barclays raises target price to EUR 35 from EUR 28
Sector changes
* DEUTSCHE BANK DOWNGRADES EUROPEAN INSURANCE SECTOR TO UNDERWEIGHT
* DEUTSCHE BANK UPGRADES EUROPEAN AUTOS SECTOR TO CONSTRUCTIVE FROM NEUTRAL
* DEUTSCHE BANK UPGRADES EUROPEAN TRAVEL AND LEISURE SECTOR TO OVERWEIGHT RATING
* DEUTSCHE BANK UPGRADES EUROPEAN FINANCIAL SERVICES SECTOR TO OVERWEIGHT RATING
(Compiled by Bengaluru Newsroom) ((Diaries@thomsonreuters.com))

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