Europe Research Roundup: Ascential, Inditex, Petrofac
15/06/2017 16:51
June 15 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Ascential, Inditex and Petrofac, on Thursday.
HIGHLIGHTS
* Ascential Plc ASCL.L : Deutsche Bank cuts to hold from buy
* Inditex ITX.MC : Berenberg cuts to hold from buy
* Lamprell PLC : JP Morgan raises to overweight rating
* Petrofac Ltd PFC.L : Jefferies raises to buy from hold
* Vonovia SE VNAn.DE : Goldman Sachs raises to neutral from sell
Following is a summary of research actions on European companies reported by Reuters on
Thursday. Stock entries are in alphabetical order.
* Adidas AG ADSGn.DE : Macquarie raises target price to 215 euros from 210 euros
* Aberdeen Asset Management Plc ADN.L : Berenberg starts with hold, 290p target price
* Aker Solutions ASA AKSOL.OL : JP Morgan raises target price to NOK 35 from NOK 31
* Ascential Plc ASCL.L : Deutsche Bank cuts to hold from buy
* Ascential Plc ASCL.L : Deutsche Bank raises target price to 350p from 330p
* Ashmore Group Plc ASHM.L : Berenberg starts with buy, 400p target price
* Basilea BSLN.S : Helvea Baader Bank raises target price to SFR 102 from SFR 92
* Bellway Plc BWY.L : Canaccord Genuity raises target price to 3280p from 3100p
* Bellway Plc BWY.L : Deutsche Bank raises target price to 3090p from 3023p
* Bellway Plc BWY.L : JP Morgan raises target price to 3400p from 3300p
* Biffa Plc BIFF.L : JP Morgan raises target price to 250p from 220p
* Castellum AB CAST.ST : Goldman Sachs raises target price to SEK 149
* Castellum AB CAST.ST : Goldman Sachs raises to buy from neutral
* CGG GEPH.PA : Natixis cuts target price to EUR 2.3 from EUR 4.5
* CIS SA CTRG.PA : Portzamparc cuts to hold from accumulate
* CIS SA CTRG.PA : Portzamparc raises target price to EUR 21.3 from EUR 20.5;
* Crossject SA ALCJ.PA : Invest Securities raises tartet price to EUR 10 from EUR 8.3
* Crossject SA ALCJ.PA : Invest Securities raises to buy from neutral
* Deutsche Boerse AG DB1Gn.DE : Credit Suisse raises target price to EUR 95 from EUR 82
* Deutsche Boerse AG DB1Gn.DE : RBC raises target price to EUR 105 from EUR 96
* DFDS A/S DFDS.CO : Morgan Stanley starts with equal weight, DKR 425 target price
* DFS Furniture Plc DFSD.L : Jefferies cuts target price to 210p from 280p
* DFS Furniture Plc DFSD.L : Jefferies cuts to hold from buy
* DNB ASA DNB.OL : Macquarie raises to outperform rating
* E.ON SE EONGn.DE : HSBC raises target price to EUR 7.9 from EUR 6.5
* Entra ASA ENTRA.OL : Goldman Sachs adds to Conviction list
* Eurocommercial Properties SIPFc.AS : Goldman Sachs raises to neutral from sell
* Eurocommercial Properties SIPFc.AS : Goldman Sachs removes from sell list
* Eurocommercial Properties SIPFc.AS : Goldman Sachs ups target to EUR 36.8 from EUR 35.6
* Exel Industries SA EXEP.PA : Midcap Partners raises target to EUR 110 from EUR 100; buy
* Forfarmers NV FFARM.AS : KBC Securities cuts target price EUR 9.20
* Forfarmers NV FFARM.AS : KBC Securities cuts to hold from accumulate
* Gecina SA GFCP.PA : Goldman Sachs cuts to neutral from buy
* Generali GASI.MI : Kepler Cheuvreux raises target price to EUR 17 from EUR 16
* Greenyard NV GREENY.BR : KBC Securities raises target price to EUR 22 from EUR 21; buy
* Horizon Discovery Group Plc HZDH.L : N+1 Singer raises target price to 219p from 194p
* Hunting Plc HTG.L : JP Morgan cuts target price to 526p from 531p
* Inditex ITX.MC : Berenberg cuts to hold from buy
* Inditex ITX.MC : Berenberg raises target price to EUR 37 from EUR 34
* Inditex ITX.MC : Invest Securities ups target price to EUR 41 from EUR 40; rating buy
* Inditex ITX.MC : JP Morgan raises target price to 40 euros from 37 euros
* Innogy SE IGY.DE : HSBC raises target price to EUR 36 from EUR 31
* Innogy SE IGY.DE : HSBC raises to hold from reduce
* Intercontinental Hotels IHG.L : Morgan Stanley cuts to underweight from equal weight
* Intercontinental Hotels IHG.L : Morgan Stanley raises target price to 4300p from 3800p
* Intu Properties Plc INTUP.L : Goldman Sachs raises target price to 311p
* Intu Properties Plc INTUP.L : Goldman Sachs raises to buy from neutral
* ITV Plc ITV.L : Macquarie raises to neutral from outperform
* Jupiter Fund Management Plc JUP.L : Berenberg starts with hold, 500p target price
* Lamprell PLC : JP Morgan raises to overweight rating
* Lamprell Plc LAM.L : JP Morgan raises target price to 130p from 53p
* Lectra SA LECS.PA : Midcap Partners raises target price to EUR 27.6 from EUR 24.7; buy
* Leg Immobilien AG LEGn.DE : Goldman Sachs raises target price to 102 euros
* Leg Immobilien AG LEGn.DE : Goldman Sachs raises to buy from neutral
* Legal & General Group Plc LGEN.L : Numis starts with hold rating; 275p price target
* Liontrust Asset Management LIO.L : Canaccord Genuity raises target to 545p from 495p
* Liontrust Asset Management Plc LIO.L : Numis raises target price to 520p from 460p
* Majestic Wine Plc WINEW.L : Liberum raises target price to 500p from 465p
* Meggitt Plc MGGT.L : Investec raises target price to 550p from 500p
* Moncler SpA MONC.MI : UBS cuts to neutral from buy
* Motor Oil MORr.AT : ESN/Investment Bank of Greece cuts to accumulate from buy
* Motor Oil MORr.AT : ESN/Investment Bank of Greece ups target to EUR 20.20 from EUR 15
* Mulberry Group Plc MUL.L : Barclays raises target price to 1175p from 1080p
* Nestle SA NESN.S : Credit Suisse raises target price to SFR 75 from SFR 68
* Next Plc NXT.L : Credit Suisse cuts target price to 4000p from 4250p
* Next Plc NXT.L : Credit Suisse cuts to underperform from neutral
* Nyrstar NV NYR.BR : ING cuts target price to EUR 6 from EUR 6.5
* OHL OHL.MC : Kepler Cheuvreux raises to hold from reduce
* Petrofac Ltd PFC.L : Jefferies cuts target price to 500p from 835p
* Petrofac Ltd PFC.L : Jefferies raises to buy from hold
* Petrofac Ltd PFC.L : JP Morgan cuts target price to 570p from 1120p
* Petroleum Geo Services ASA PGS.OL : Natixis cuts target price to NOK 12 from NOK 18
* Philips Lighting NV LIGHT.AS : Ing cuts to hold from buy
* Philips Lighting NV LIGHT.AS : Ing raises target price to EUR 35 from EUR 27
* Porr AG ABGV.VI : Berenberg cuts target price to EUR 31 from EUR 37
* Porr AG ABGV.VI : Berenberg cuts to hold from buy
* Proximus NV PROX.BR : Citigroup cuts to sell
* Reckitt Benckiser Group Plc RB.L : RBC raises target price to 6400p from 6200p
* Rothschild & Co SCA ROTH.PA : Kepler Cheuvreux raises target to EUR 33.2 from EUR 30.7
* RWE AG RWEG.DE : HSBC raises target price to EUR 22.5 from EUR 17.2
* RWE AG RWEG.DE : HSBC raises to buy from hold
* Saipem SpA SPMI.MI : JP Morgan cuts target price to 3.75 euros from 4.3 euros
* Salvatore Ferragamo SpA SFER.MI : UBS raises target price to 24 euros from 18.90 euros
* Salvatore Ferragamo SpA SFER.MI : UBS raises to neutral from sell
* Schroders Plc SDR.L : Berenberg starts with buy, 3580p target price
* Shaftesbury Plc SHB.L : Goldman Sachs cuts target price to 883p
* Shaftesbury Plc SHB.L : Goldman Sachs cuts to sell from neutral
* Soitec SA SOIT.PA : Natixis raises target price to EUR 40 from EUR 35
* Spineway Sas ALSPW.PA : Invest Securities ups target to EUR 3.6 from EUR 3.2; neutral
* Storebrand ASA STB.OL : JP Morgan raises target price to NOK 47.50 from NOK 34.60
* Subsea 7 SA SUBC.OL : JP Morgan raises target price to NOK 103 from NOK 82
* Swatch Group SA UHR.S : HSBC raises target price to SFR 350 from SFR 330
* System1 Group Plc SYS1.L : Canaccord Genuity raises target price to 955p from 820p
* TDC TDC.CO : Credit Suisse raises target price to DKR 44 from DKR 40
* Tecnicas Reunidas TRE.MC : JP Morgan raises target price to 39.4 euros from 31.3 euros
* Tecnicas Reunidas TRE.MC : JP Morgan raises to overweight rating
* Tod's SpA TOD.MI : HSBC cuts target price to EUR 60 from EUR 70
* Uniper SE UN01.DE : HSBC raises target price to EUR 18.9 from EUR 17.3
* Vonovia SE VNAn.DE : Goldman Sachs raises target price to 35.3 euros
* Vonovia SE VNAn.DE : Goldman Sachs raises to neutral from sell
(Compiled by Bengaluru Newsroom)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/