Europe Research Roundup: Deutsche Post, Fresenius Medical Care, L'Oreal
05/08/2014 16:14
Aug 5 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Fresenius Medical Care, Arkema SA and Cobham Plc, on Tuesday.
HIGHLIGHTS
* Deutsche Post AG DPWGn.DE : ESN/Equinet Bank raises to hold from reduce
* L'Oreal OREP.PA : Raymond James raises to strong buy from outperform
* Fresenius Medical FMEG.DE : UBS ups to buy from neutral; target to 60 euros from 50 euros
* Arkema SA AKE.PA : Nomura, BofA Merrill upgrade the stock
* Cobham Plc COB.L : Natixis raises to neutral from reduce; target price to 300p from 270p
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* Acal Plc ACL.L : Finncap starts with buy rating; target price of 322p
* Acotel ACO.MI : ESN/Banca Akros cuts target price to 16 euros from 20 euros; rating hold
* Affecto AFE1V.HE : ESN/Pohjola ups to buy from reduce; target to 3.90 euros from 3 euros
* Afren Plc AFRE.L : UBS cuts price target to 135p from 200p; rating buy
* Aggreko Plc AGGK.L : WH Ireland raises target price to 1850p from 1800p; rating buy
* Aggreko Plc AGGK.L : Investec raises target price to 1700p from 1650p; rating hold
* Alent Plc ALNT.L : UBS raises price target to 306p from 355p; rating buy
* Alent Plc ALNT.L : Numis raises target price to 390p from 340p; rating add
* Applus Services APPS.MC : UBS cuts target price to 16 euros from 18 euros; rating buy
* Arcelik ARCLK.IS : Barclays raises price target to Tl 14.40 from Tl 12.40; equal weight
* Arcelormittal ISPA.AS : Citigroup cuts target to 12.60 euros from 12.70 euros; rating buy
* Areva SA AREVA.PA : SocGen cuts target price to 12 euros from 16.5 euros; rating sell
* Arkema SA AKE.PA : Nomura raises to buy from neutral
* Arkema SA AKE.PA : Nomura cuts target price to 75 euros from 93 euros
* Arkema SA AKE.PA : BofA Merrill raises to buy from neutral
* Arkema SA AKE.PA : BofA Merrill cuts price target to 65 euros from 78 euros
* Avocet Mining Plc AVM.L : Investec cuts target price to 7.57p from 11.76p; rating hold
* AXA SA AXAF.PA : Credit Suisse raises target to 21.70 euros from 21.10 euros; outperform
* Banco Espirito Santo BES.LS : Citigroup cuts to sell from neutral
* Banco Espirito Santo BES.LS : Citigroup cuts target price to 0.01 euro from 0.36 euro
* Baywa AG BYWGnx.DE : Deutsche Bank cuts price target to 37 euros from 39 euros; hold
* Beiersdorf AG BEIG.DE : DZ Bank cuts target price to 73.00 euros from 79.00 euros; buy
* Bekaert BEKB.BR : Exane BNP Paribas cuts target to 32 euros from 33 euros; outperform
* Biesse SPA BSS.MI : ESN/Banca Akros ups target to 10.60 euros from 7.70 euros; accumulate
* Bilfinger SE GBFG.DE : UBS cuts target price to 59 euros from 70 euros; rating neutral
* Bilfinger SE GBFG.DE : ESN/Equinet Bank cuts target price to 60 euros from 70 euros; hold
* Bilfinger SE GBFG.DE : UBS cuts target price to 59 euros from 70 euros; rating neutral
* Bilfinger SE GBFG.DE : Exane BNP Paribas cuts target to 60 euros from 76 euros; neutral
* British Sky Broadcasting Group BSY.L : Numis raises target price to 982p from 941p; add
* Centrica Plc CNA.L : Goldman Sachs cuts price target to 385p from 393p; rating buy
* CGG Veritas GEPH.PA : Canaccord Genuity raises to hold from sell
* CGG Veritas GEPH.PA : Canaccord Genuity cuts target price to 8 euros from 9.50 euros
* Cobham Plc COB.L : Natixis raises to neutral from reduce; target price to 300p from 270p
* Crawshaw CRAW.L : WH Ireland raises target price to 70p from 65p; maintains buy rating
* Credit Agricole CAGR.PA : Exane BNP Paribas ups target to 13.80 euros from 12.80 euros
* Deutsche Post AG DPWGn.DE : ESN/Equinet Bank raises to hold from reduce
* Deutsche Post AG DPWGn.DE : S&P Capital IQ cuts target to 24 euros from 28 euros; hold
* Deutsche Post AG DPWGn.DE : DZ Bank cuts target price to 28 euros from 31.50 euros; buy
* Devro Plc DVO.L : Investec cuts target price to 276p from 280p; rating buy
* Eckert & Ziegler EZBG.BR : DZ Bank cuts target price to 24 euros from 26 euros; hold
* eSure Group Plc ESUR.L : Canaccord Genuity cuts target price to 280p from 295p; buy
* Essentra Plc ESNT.L : Deutsche Bank cuts price target to 900p from 950p; rating buy
* Eutelsat ETL.PA : Nomura raises price target to 28 euros from 27 euros; rating buy
* Fidessa Group FDSA.L : Credit Suisse cuts target price to 2500p from 2600p; outperform
* Fresenius Medical Care FMEG.DE : UBS raises to buy from neutral
* Fresenius Medical Care FMEG.DE : UBS raises target price to 60 euros from 50 euros
* Fresenius Se FREG.DE : UBS raises target price to 42 euros from 40 euros; rating buy
* Fuchs Petrolub FPEG_p.DE : Commerzbank raises to hold from reduce
* Fuchs Petrolub FPEG_p.DE : Commerzbank cuts target price to 30 euros from 33 euros
* GEA Group G1AG.DE : Berenberg raises to buy from hold
* GEA Group G1AG.DE : Berenberg raises price target to 38 euros from 33 euros
* Gedeon Richter GDRB.BU : Jefferies cuts target to Huf 3320 from Huf 3440; underperform
* Generali GASI.MI : Barclays raises target to 19.40 euros from 19.20 euros; overweight
* Glencore Plc GLEN.L : BMO raises target price to 400p from 350p; rating outperform
* Heidelbergcement HEIG.DE : S&P Capital IQ raises buy from hold
* Heidelbergcement HEIG.DE : S&P Capital IQ cuts target price to 61 euros from 64 euros
* Hill & Smith Holdings Plc HILS.L : Investec raises to buy from hold
* Hill & Smith Holdings Plc HILS.L : Investec raises price target to 600p from 560p
* Holcim Ltd HOLN.VX : Bernstein cuts target price to sfr 68 from sfr 71; market-perform
* HSBC HSBA.L : UBS raises price target to 645p from 630p; rating neutral
* HSBC HSBA.L : Deutsche Bank raises target price to 640p from 593p; rating hold
* Iliad ILD.PA : UBS cuts to neutral from buy; cuts target to 207 euros from 229 euros
* IMI Plc IMI.L : UBS cuts target price to 1625p from 1700p; rating buy
* IMI Plc IMI.L : Investec cuts target price to 1560p from 1570p; rating buy
* Intercontinental Hotels IHG.L : Numis cuts to hold from buy rating
* Intercontinental Hotels IHG.L : S&P Capital IQ raises target to 2120p from 1950p; sell
* Intertek ITRK.L : Citigroup cuts target price to 3340p from 3940p; rating buy
* Intertek ITRK.L : Jefferies cuts target price to 3300p from 3465p; rating buy
* Intertek ITRK.L : SocGen cuts target price to 2850p from 3200p; rating hold
* Intertek ITRK.L : Numis raises to add from hold
* Intertek ITRK.L : RBC ups to outperform from sector perform; target to 3000p from 2900p
* Kloeckner KCOGn.DE : Exane BNP Paribas cuts target to 11 euros from 13 euros; neutral
* Lafarge SA LAFP.PA : Bernstein cuts target to 56 euros from 58 euros; market-perform
* LSL LSL.L : Numis raises to buy from add
* L'Oreal OREP.PA : Raymond James raises to strong buy from outperform
* Man Group EMG.L : UBS raises price target to 120p from 105p; rating neutral
* Mapfre SA MAP.MC : Morgan Stanley cuts target to 3 euros from 3.23 euros; equal-weight
* Marr SPA MARR.MI : ESN/Banca Akros cuts target to 13.50 euros from 14.30 euros; hold
* Meggitt MGGT.L : JP Morgan cuts target price to 415p from 480p; rating underweight
* Natixis CNAT.PA : Credit Suisse raises target to 5.79 euros from 5.63 euros; outperform
* Next Fifteen Communications NFC.L : Canaccord Genuity ups target to 145p from 130p; buy
* Nokian Tyres NRE1V.HE : ESN/Pohjola cuts target price to 28 euros from 32 euros; hold
* Northbridge Industrial NBI.L : WH Ireland raises target price to 630p from 625p; buy
* PostNL PTNL.AS : Berenberg cuts price target to 4.50 euros from 4.75 euros; rating buy
* PostNL PTNL.AS : Nomura cuts price target to 4.40 euros from 4.50 euros; rating neutral
* Prysmian SPA PRY.MI : Morgan Stanley cuts target to 18.50 euros from 19 euros; overweight
* PZ Cussons PZC.L : Investec raises target price to 386p from 380p; rating hold
* Rallye SA GENC.PA : Natixis raises price target to 44 euros from 40 euros; rating buy
* Rexam Plc REX.L : Citigroup cuts target price to 575p from 615p; rating buy
* Rockwool ROCKb.CO : ALM Brand Markets cuts target price to Dkk 1000 from Dkk 1150;neutral
* Rotork Plc ROR.L : UBS raises target price to 2750p from 2650p; rating neutral
* Royal Mail Plc RMG.L : Credit Suisse cuts target price to 360p from 460p; underperform
* Safran SA SAF.PA : Citigroup cuts target price to 51 euros from 54 euros; rating buy
* Schroders Plc SDR.L : Barclays cuts price target to 2960p from 3100p; rating overweight
* Schroders Plc SDR.L : Berenberg cuts price target to 2900p from 3050p; rating buy
* SDL Plc SDL.L : Panmure raises price target to 428p from 421p; rating buy
* Senior Plc SNR.L : Numis raises to buy from add
* Smith & Nephew SN.L : SocGen raises target price to 700p from 655p; rating sell
* St. James's Place SJP.L : Barclays raises target to 960p from 920p; rating overweight
* St. James's Place SJP.L : Nomura cuts price target to 900p from 915p; rating buy
* Telecity Group Plc TCY.L : Numis cuts to add from buy; cuts target to 860p from 880p
* Telenor ASA TEL.OL : Jefferies raises target price to Nok 161 from Nok 159; rating buy
* Tipp24 TIMGn.DE : Deutsche Bank cuts price target to 50 euros from 55 euros; rating buy
* TNT Express TNTE.AS : Cantor Fitzgerald cuts to hold from buy
* TNT Express TNTE.AS : Cantor Fitzgerald cuts target price to 6.70 euros from 8.30 euros
* TUI Travel Plc TT.L : Panmure raises target price to 500p from 475p; rating buy
* Ultra Electronics ULE.L : Deutsche Bank cuts price target to 1700p from 1750p; hold
* Valeo SA VLOF.PA : SocGen cuts target price to 118 euros from 120 euros; rating buy
* Weir Group WEIR.L : RBC raises to top pick from outperform; target to 3150p from 3050p
* William Hill WMH.L : Nomura cuts target price to 448p from 479p; rating buy
(Compiled by Eileen Anupa Soreng and Mohan Anand 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/