Europe Research Roundup: Deutsche Telekom, Man Group, SGL Carbon
29/03/2019 07:07
March 29 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Deutsche Telekom, Man Group and SGL Carbon on Friday.
HIGHLIGHTS
* Deutsche Telekom AG DTEGn.DE : Credit Suisse cuts to neutral from outperform
* Man Group Plc EMG.L : Credit Suisse initiates with outperform rating; PT of 180p
* Partners Group Holding PGHN.S : Morgan Stanley ups to overweight from equal-weight
* Ren Redes Energeticas Nacionais RENE.LS : SocGen raises to hold from sell
* SGL Carbon SE SGCG.DE : CFRA cuts to hold from buy; cuts PT to EUR 8.5 from EUR 11.5
Following is a summary of research actions on European companies reported by Reuters on Friday.
Stock entries are in alphabetical order.
* Accesso Technology Group Plc ACSO.L : Berenberg cuts price target to 1400p from 3000p
* Accesso Technology Group Plc ACSO.L : Peel Hunt raises target price to 1145p from 1200p
* Accesso Technology Group Plc ACSO.L : Peel Hunt raises to buy from add
* Accorhotels ACCP.PA : Kepler Cheuvreux cuts target price to 47 euros from 50 euros
* Altice NV ATCA.AS : Credit Suisse raises target price to EUR 2.40 from EUR 2.15
* Arix Bioscience Plc ARIX.L : Jefferies cuts price target to 270p from 288p
* Ateme SA ATEME.PA : Midcap Partners cuts target price to EUR 17.0 from EUR 17.3; buy
* Bayer AG BAYGn.DE : Independent Research cuts target to EUR 52.50 from EUR 56.00;sell
* BHP Group Plc BHPB.L : JP Morgan cuts target price to 1940p from 2000p
* Bic BICP.PA : Kepler Cheuvreux cuts target price to 70 euros from 72 euros
* Bioventix Plc BVXP.L : Finncap raises price target to 3700p
* BMW BMWG.DE : Barclays cuts target price to EUR 96 from EUR 98
* Buzzi Unicem BZU.MI : Barclays raises target price to EUR 21 from EUR 20
* Buzzi Unicem BZU.MI : Kepler Cheuvreux raises target price to 23.5 euros from 23 euros
* Carnival Plc CCL.L : HSBC cuts target price to 5200p from 5400p; rating buy
* Chargeurs SA CRIP.PA : Berenberg cuts price target to EUR 25.50 from EUR 29
* Chesnara Plc CSN.L : Panmure cuts target price to 435p from 471p
* Cineworld Group Plc CINE.L : Berenberg raises target price to 360p from 340p
* Compagnie Financiere Richemont SA CFR.S : RBC cuts target price to SFR 83 from SFR 85
* Compass Group Plc CPG.L : HSBC raises target price to 1950p from 1850p; rating buy
* Consti Group Plc CONSTI.HE : Inderes cuts target price to EUR 5.30 from EUR 5.40;reduce
* Continental AG CONG.DE : Barclays cuts target price to EUR 148 from EUR 150
* Daimler AG DAIGn.DE : Barclays cuts target price to EUR 62 from EUR 63
* Deinove SA ALDEI.PA : Midcap Partners cuts target price to EUR 2.7 from EUR 3.8; buy
* Deutsche Telekom AG DTEGn.DE : Credit Suisse cuts to neutral from outperform
* Drillisch AG DRIG.DE : Barclays cuts target price to EUR 50 from EUR 55
* DSM DSMN.AS : Barclays raises price to EUR 108 from EUR 101
* ENI ENI.MI : Jefferies raises target price to EUR 19 from EUR 18
* Equinor ASA EQNR.OL : Berenberg cuts target price to NOK 200 from NOK 220
* Faurecia EPED.PA : Barclays cuts target price to EUR 54 from EUR 55
* Ferguson Plc FERG.L : Canaccord Genuity cuts target price to 5,700p from 5,810p
* Ford Otosan FROTO.IS : JP Morgan cuts target price to TL 70.4 from TL 77.6
* Galapagos NV GLPG.AS : KBC Securities raises target to EUR 124.0 from EUR 113.0; buy
* Genedrive Plc GDRG.L : Peel Hunt reinstates with buy rating; 60p price target
* Generali GASI.MI : JP Morgan cuts target price to EUR 19.40 from EUR 19.80
* Glenveagh Properties Plc GLV.I : Davy Research raises price target by 3 pct to EUR 1.51
* Global Ports Investments Plc GLPRq.L : JP Morgan cuts target price to $2.6 from $3
* Groupe Open SA OPEN.PA : Portzamparc cuts target price to EUR 24.6 from EUR 25.6; buy
* Hochtief AG HOTG.DE : Independent Research cuts TP 152.00 from EUR 160.00; rating buy
* Infineon Technologies AG IFXGn.DE : Deutsche Bank cuts target to 23 euros from 25 euros
* IP Group Plc IPO.L : Jefferies cuts target price to 79p from 95p
* Jupiter Fund Management Plc JUP.L : UBS raises to neutral from sell
* Jupiter Fund Management Plc JUP.L : UBS raises price target to 355p from 300p
* Kering PRTP.PA : RBC raises target price to EUR 565 from EUR 550
* LVMH LVMH.PA : RBC raises target price to EUR 340 from EUR 330
* Lvmh LVMH.PA : UBS raises price target to EUR 355 from EUR 325
* Man Group Plc EMG.L : Credit Suisse initiates with outperform rating; PT of 180p
* Masmovil Ibercom SA MASM.MC : HSBC cuts target price to EUR 27 from EUR 28; rating buy
* Melia Hotels International MEL.MC : Kepler Cheuvreux cuts TP to 12.65 euros from 13 euros
* MTU Aero Engines AG MTXGn.DE : UBS raises target price to EUR 195 from EUR 180
* Nixu Oyj NIXU.HE : Inderes raises target price to EUR 11.0 from EUR 9.5; increase
* Nordex SE NDXG.DE : Citi Group raises price target to EUR 14.6 from EUR 13.5
* Norilsk Nickel NKELyq.L : JP Morgan raises target price to $22.8 from $21.6
* Nostrum Oil & Gas Plc NOGN.L : Stifel cuts target price to 85p from 95p
* Novatek NVTKq.L : JP Morgan raises target price to $193 from $190
* Osram Licht AG OSRn.DE : Independent Research cuts TP to EUR 31.00 from EUR 36.00; hold
* Partners Group Holding PGHN.S : Morgan Stanley ups target price to SFR 785 from SFR 700
* Partners Group Holding PGHN.S : Morgan Stanley ups to overweight from equal-weight
* Pernod Ricard PERP.PA : Bryan Garnier cuts to neutral from buy
* Pernod Ricard PERP.PA : Deutsche Bank raises price target to 172 euros from 158 euros
* Remy Cointreau RCOP.PA : Deutsche Bank raises price target to 129 euros from 112 euros
* Ren Redes Energeticas Nacionais RENE.LS : SocGen raises to hold from sell
* Ren Redes Energeticas Nacionais RENE.LS : SocGen raises TP to 2.55 euros from 2.30 euros
* Renault RENA.PA : Barclays cuts target price to EUR 80 from EUR 81
* Rio Tinto Plc RIO.L : JP Morgan cuts target price to 4970p from 5190p
* Roche Bobois Sas RBO.PA : Portzamparc cuts target price to EUR 22 from EUR 25; buy
* Sabre Insurance Group Plc SBRE.L : Barclays raises target price to 296p from 295p
* Sabre Insurance Group Plc SBRE.L : Berenberg cuts price target to 300p from 302p
* SGL Carbon SE SGCG.DE : CFRA cuts to hold from buy; cuts PT to EUR 8.5 from EUR 11.5
* SSE Plc SSE.L : Credit Suisse raises target price to 1,260p from 1,225p
* Standard Life Aberdeen Plc SLA.L : Jefferies cuts target price to 361p from 410p
* Swedbank SWEDa.ST : Berenberg cuts price target to SEK 160 from SEK 215
* Technotrans SE TTRGn.DE : HSBC cuts target price to EUR 32 from EUR 34; rating buy
* Tele2 AB TEL2b.ST : Berenberg cuts price target to SEK 115 from SEK 123
* Tele2 AB TEL2b.ST : Berenberg cuts rating to hold from buy
* Tofas TOASO.IS : JP Morgan cuts price target to TL 17 from TL 29.50
* UBS Group AG UBSG.S : Credit Suisse cuts target price to SFR 17 from SFR 19
* Uniper SE UN01.DE : JP Morgan raises target price to EUR 24 from EUR 22.5
* United Internet AG UTDI.DE : Barclays cuts target price to EUR 53 from EUR 65
* United Utilities Group Plc UU.L : CFRA raises target price to 850p from 800p
* Valeo VLOF.PA : Barclays cuts target price to EUR 22 from EUR 23
* Varta AG VAR1.DE : Berenberg raises price target to EUR 43 from EUR 36.50
* Victrex Plc VCTX.L : Barclays cuts price target to 2210p from 2420p
* Volkswagen AG VOWG_p.DE : Barclays cuts target price to EUR 179 from EUR 182
* Wisekey International Holding WIHN.S :H.C.Wainwright cuts target to SFR 5 from SFR 7.50
* WM Morrison Supermarkets Plc MRW.L : UBS cuts price target to 260p from 285p
* Zurich Insurance Group ZURN.S : JP Morgan raises target to SFR 361 from SFR 359
(Compiled by Bengaluru Newsroom)
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