EUROPE RESEARCH ROUNDUP: Bayer, Standard Chartered, Esure, Deutsche Post

St Galler Kantonalbank AG

07/08/2013 14:38

Aug 7 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bayer, Standard Chartered and Deutsche Post, on Wednesday.  HIGHLIGHTS * Bayer  BAYGn.DE : Berenberg cuts to hold from buy * Deutsche Post AG  DPWGn.DE : Nomura raises target price to 23.50 euros from 22 euros * Esure Insurance  ESUR.L : Exane BNP Paribas raises to neutral from underperform * Standard Chartered PLC  STAN.L : RBC raises to sector perform from underperform * Barratt Developments PLC  BDEV.L : Credit Suisse raises to outperform from neutral Following is a summary of research actions on European companies reported by Reuters on Wednesday. Stock entries are in alphabetical order.  * Air Liquide SA  AIRP.PA : Jefferies raises target to 110 euros from 97 euros; rating hold * Allianz  ALVG.DE : Berenberg raises target price to 144 euros from 141 euros; rating buy * America Movil  AMX.N : Citigroup starts with neutral - Theflyonthewall.com  * Ascom  ASCN.S : Helvea cuts price target to Sfr 14.5 from Sfr 15; rating buy * Axa  AXAF.PA : Morgan Stanley raises price target to 19.70 euros from 18.10 euros * Axa SA  AXAF.PA : Exane BNP Paribas raises price target by 16 percent to 20.5 euros * Bank Pekao  PEO.WA : SocGen raises price target to Pln 141 from Pln 136; rating sell * Barratt Developments PLC  BDEV.L : Credit Suisse raises target price to 451p From 317p     * Barratt Developments PLC  BDEV.L : Credit Suisse raises to outperform from neutral * Bayer  BAYGn.DE : Berenberg cuts to hold from buy * Bayer  BAYGn.DE : Berenberg raises target price to 97 euros from 94 euros * BBA Aviation PLC  BBA.L : JP Morgan raises target to 343p from 289p; rating overweight * BBA Aviation PLC  BBA.L : Liberum raises target price to 290p from 253p; rating hold * BBA Aviation PLC  BBA.L : UBS raises price target to 280p from 250p; rating neutral * Beiersdorf AG  BEIG.DE : Canaccord Genuity raises target price to 55 euros from 53 euros * Belimo  BEAN.S : UBS raises price target to Sfr 2150 from Sfr 2100; rating neutral * Belimo Holding AG  BEAN.S : Helvea raises price target to Sfr 2500 from Sfr 2350 * Bellway PLC  BWY.L : Credit Suisse raises target to 2058p from 1639p; rating outperform  * Berkeley Group Holdings PLC  BKGH.L : Credit Suisse raises target to 2657p from 2302p * Bovis Homes Group PLC  BVS.L : Credit Suisse raises target price to 922p from 770p * BPost NV  BPOST.BR : ING starts with buy; price target 15.80 euros * Bridge Energy  BRDG.L : Cantor Fitzgerald starts with buy rating; targetprice 203p * Buzzi Unicem SpA  BZU.MI : Deutsche Bank cuts price target to 12.7 euros from 14 euros * Campari  CPRI.MI : ESN/Banca Akros raises target price to 6.40 euros from 6.15 euros * Cantonal Bank of Saint Gall Ltd  SGKN.S : UBS raises to neutral from sell * Caverion  CAV1V.HE : Berenberg starts with buy; price target 5.40 euros * CFE SA  CFEB.BR : ESN\Bank degroof cuts target to 47 euros from 50 euros * Cramo Oyj  CRA1V.HE : ESN/Pohjola raises to buy from accumulate * Credit Agricole  CAGR.PA : Nomura raises target price to 8.50 euros from 8 euros     * Credit Agricole SA  CAGR.PA : Citigroup raises target price 1000p from 800p; rating buy * Credit Agricole SA  CAGR.PA : Deutsche Bank raises price target to 8.4 euros from 7 euros * Credit Agricole SA  CAGR.PA : Exane BNP Paribas cuts target by 3 percent to 9.3 euros * Credit Agricole SA  CAGR.PA : JP Morgan raises target price to 8.50 euros from 8 euros * Credit Agricole SA  CAGR.PA : RBC raises target price to 8 euros from 7.5 euros * Cyfrowy Polsat SA  CPS.WA : SocGen cuts to sell from hold  * Cyfrowy Polsat SA  CPS.WA : SocGen raises price target to Pln 21 from Pln 18 * Daily Mail and General Trust PLC  DMGOa.L : JP Morgan raises target to 850p from 642p  * Daily Mail And General Trust PLC  DMGOa.L : Panmure raises target to 1050p from 1010p * Danone SA  DANO.PA : Nomura raises target price to 70 euros from 61 euros; ratin buy * Davide Campari Milano  CPRI.MI : Nomura cuts target price to 5.80 euros from 6 euros  * Delhaize  DELB.BR : UBS raises target to 47.50 euros from 42.50 euros; rating neutral * Deutsche Bank AG  DBKGn.DE : Credit Suisse raises price target to 38 euros from 37 euros * Deutsche Post  DPWGn.DE : Nomura raises target price to 23.50 euros from 22 euros     * Deutsche Post AG  DPWGn.DE : DZ Bank raises target to 23 euros from 21 euros; rating buy * Deutsche Post AG  DPWGn.DE : ESN/Equinet raises target price to 22 euros from 20 euros * Dignity PLC  DTY.L : Panmure cuts to hold from buy * Drax  DRX.L : Morgan Stanley raises price target to 770p from 700p; rating overweight * Engineering  ENG.MI : ESN\Banca Akros raises price target to 35 euros from 29.40 euros * Engineering  ENG.MI : ESN\Banca Akros raises to accumulate from hold * Eni SpA  ENI.MI : UBS cuts target price to 19 euros from 20 euros; rating buy * Esure Group PLC  ESUR.L : Deutsche Bank cuts price target to 300p from 340p * Esure Insurance  ESUR.L : Exane BNP Paribas raises to neutral from underperform * Etalon  ETLNGq.L : Goldman Sachs adds to CEEMEA focus list; rating buy * Eutelsat Communications SA  ETL.PA : Barclays cuts price target to 23 euros from 26 euros * Fresenius SE & Co KGaA  FREG.DE : Berenberg raises target to 112 euros from 111 euros * Fresnillo PLC  FRES.L : Citigroup cuts target price to 944p from 950p; rating neutral * Fresnillo PLC  FRES.L : Deutsche Bank cuts price target to 970p from 977p * Galenica AG  GALN.S : Helvea raises price target to Sfr 860 from Sfr 720; rating buy * GDF Suez SA GSZ.PA: Deutsche Bank raises price target to 20 euros from 18 euros * GDF Suez SA GSZ.PA: Deutsche Bank raises to buy from hold * Generali SpA  GASI.MI : Exane BNP Paribas raises price target by 7 percent to 14.5 euros * Grainger PLC  GRI.L : Numis raises price target to 206p from 161p * Grifols SA  GRLS.MC : Deutsche Bank raises price target to 24.4 euros from 22.6 euros * Groupe Eurotunnel SA  GETP.PA : RBC cuts target price to 5.9 euros from 6 euros * Gtech Spa  GTCH.MI : Citigroup raises target price to 25.50 euros from 20.90 euros * Gtech Spa  GTCH.MI : Citigroup raises to buy from neutral * Hochtief AG  HOTG.DE : Bankhaus Lampe cuts price target to 55 euros * Hochtief AG  HOTG.DE : Bankhaus Lampe cuts to sell from buy  * HSBC Holdings  HSBA.L : Exane BNP Paribas cuts target by 3 percent to 775p; rating neutral * Imperial Tobacco Group PLC  IMT.L : Nomura cuts price target to 2150p from 2416p * Inchcape  INCH.L : HSBC raises price target to 730p from 640p; rating overweight * Informa PLC  INF.L : Westhouse raises price target to 570p from 525p; rating add * Intu Properties PLC  INTUP.L : Goldman Sachs cuts to sell from neutral * Isbank  ISCTR.IS : SocGen cuts to sell from hold * K&S AG  SDFGn.DE : Morgan Stanley cuts target 11 euros from 30 euros; rating underweight * Koninklijke DSM NV  DSMN.AS : Citigroup raises target price to 65 euros from 55 euros * Koninklijke DSM NV  DSMN.AS : Deutsche Bank raises price target to 51 euros fom 43 euros * Koninklijke DSM NV  DSMN.AS : Exane BNP Paribas raises target by 2 percent to 64 euros * Koninklijke DSM NV  DSMN.AS : HSBC raises price target to 58 euros from 56 euros * Koninklijke DSM NV  DSMN.AS : ING raises target to 65 euros from 58 euros; rating buy * Koninklijke DSM NV  DSMN.AS : S&P Capital IQ raises target to 59 euros from 51 euros  * Lanxess  LXSG.DE : JP Morgan cuts target to 34 euros from 35 euros; rating underweight * Lanxess AG  LXSG.DE : Citigroup cuts target price to 37 euros from 40 euros; rating sell * Lanxess AG  LXSG.DE : Credit Suisse cuts price target to 39 euros from 41 euros * Lanxess AG  LXSG.DE : Deutsche Bank cuts price target to 58 euros from 63 euros * Lanxess AG  LXSG.DE : Morgan Stanley cuts target price to 50 euros from 55 euros * Lanxess AG  LXSG.DE : S&P Capital IQ cuts target to 58 euros from 59 euros; rating hold * Lassila & Tikanoja Oyj  LAT1V.HE : ESN/Pohjola cuts to reduce from hold * Legal & General Group PLC  LGEN.L : S&P Capital IQ raises price target to 180p from 150p * Lloyds Banking Group PLC  LLOY.L : Credit Suisse raises target price to 65p from 58p * Lookers PLC  LOOK.L : Panmure cuts to hold from buy * Man Group PLC  EMG.L : Berenberg cuts price target to 80p from 105p; rating sell * Man Group PLC  EMG.L : RBC raises target price to 95p from 85p; rating underperform * Meggitt MGGT.L: UBS raises price target to 540p from 480p; rating neutral * Meggitt PLC  MGGT.L : RBC raises price target to 650p from 610p; rating top pick * Merck KGaA  MRCG.DE : Deutsche Bank raises price target to 148 euros from 147 euros * Merck KGaA  MRCG.DE : Helvea raises price target by 1 euro to 119 euros; rating neutral * Merck KGaA  MRCG.DE : JP Morgan raises target price to 125 euros from 120 euros * Merck KGaA  MRCG.DE : SocGen raises price target to 103 euros from 101 euros; rating sell * Micro Focus International PLC  MCRO.L : Panmure raises price target to 835p from 782p * Munich Re  MUVGn.DE : Exane BNP Paribas cuts price target by 3 percent to 140 euros * Munich Re  MUVGn.DE : Socgen raises price target to 142 euros from 133 euros; rating hold * National Grid PLC  NG.L : HSBC raises price target to 885p from 875p; rating overweight * Natixis SA  CNAT.PA : Citigroup cuts to neutral from buy * Natixis SA  CNAT.PA : Exane BNP Paribas raises price target by 8 percent to 4.10 euros * Norilsk Nickel  NKELyq.L : JP Morgan cuts target price to $11.60 from $19.10 * Norilsk Nickel  NKELyq.L : JP Morgan cuts to underweight from neutral * Norma Group SE  NOEJ.DE : Commerzbank cuts to hold from buy * Norma Group SE  NOEJ.DE : Commerzbank raises price target to 32 euros from 31 euros * Novae Group PLC  NVA.L : Canaccord Genuity raises price target to 520p; rating buy * Oriflame Cosmetics  ORIsdb.ST : SEB Equity Research cuts target to Sek 235 from Sek 250 * Oriflame Cosmetics  ORIsdb.ST : SEB Equity Research cuts to hold from buy * Persimmon PLC  PSN.L : Credit Suisse raises target price to 1532p from 1326p * Pfeiffer Vacuum  PV.DE : Deutsche Bank cuts price target to 60 euros from 65 euros * Pfeiffer Vacuum  PV.DE : HSBC raises target price to 96 euros from 81 euros     * Pfeiffer Vacuum  PV.DE : HSBC raises to overweight from neutral * Pfeiffer Vacuum Technology AG PV.DE: Commerzbank raises target to 90 euros from 82 euros * Pfeiffer Vacuum Technology AG PV.DE: Commerzbank raises to add from hold * Pirelli  ECI.MI : HSBC cuts to neutral from overweight * Pirelli  PECI.MI : SocGen raises price target to 10 euros from 9.5 euros; rating hold * Regus PLC  RGU.L : Jefferies raises target price to 230p from 200p; rating buy * Rotork PLC  ROR.L : JP Morgan raises target price to 3300p from 3150p; rating overweight * Safran SA  SAF.PA : ESN\CIC Securities raises price target to 46 euros from 44 euros * Salamander Energy PLC  SMDR.L : Deutsche Bank raises price target to 232p from 207p * Salzgitter AG  SZGG.DE : HSBC cuts target to 25 euros from 30 euros; rating underweight * Sanofi SA  SASY.PA : Berenberg cuts price target to 91 euros from 93 euros * Sanofi SA  SASY.PA : Berenberg raises to buy from hold  * Saras SpA  SRS.MI : SocGen cuts price target to 1.19 euros from 1.24 euros; rating buy * SEGRO PLC  SGRO.L : Deutsche Bank cuts price target to 300p from 320p * SES SA  SESFd.PA : Barclays cuts price target to 22.75 euros from 24.40 euros * SHW AG  SW1.DE : Commerzbank raises price target to 38 euros from 33 euros * SHW AG  SW1.DE : Commerzbank raises to buy from hold  * Siemens AG  SIEGn.DE : Morgan Stanley cuts price target to 92 euros from 95 euros * Sky Deutschland  SKYDn.DE : Nomura raises target price to 7.50 euros from 5.40 euros * Sky Deutschland AG  SKYDn.DE : Berenberg raises price target to 7.60 euros from 6.40 euros * Sky Deutschland AG  SKYDn.DE : Deutsche Bank raises price target to 6 euros from 4.5 euros * Sky Deutschland AG SKYDn.DE: SBC raises target to 8 euros from 5 euros; rating overweight * Standard Chartered PLC  STAN.L : Exane BNP Paribas raises target by 10 percent to 1700p * Standard Chartered PLC  STAN.L : Morgan Stanley raises price target to 1640p from 1627p * Standard Chartered PLC  STAN.L : Numis raises to add from hold * Standard Chartered PLC  STAN.L : RBC raises to sector perform from underperform * Standard Chartered PLC  STAN.L : S&P Capital IQ cuts price target to 1715p from 1760p * Standard Chartered PLC  STAN.L : SocGen cuts price target to 1800p from 1900p; rating buy * Standard Chartered PLC  STAN.L : UBS cuts price target to 1790p from 1830p; rating buy * Taylor Wimpey PLC  TW.L : Credit Suisse raises target to 134p from 110p; rating outperform * Telecom Italia SpA  TLIT.MI : HSBC cuts target price to 0.50 euros from 0.75 euros * Telefonica  TEF.N : Citigroup starts with sell - Theflyonthewall.com * Tim Participacoes  TSU.N : Citigroup starts with buy - Theflyonthewall.com  * TUI Travel PLC  TT.L : Numis cuts to hold from add  * TUI Travel PLC  TT.L : Numis raises price target to 400p from 375p * TVN SA  TVN.WA : SocGen raises price target to Pln 10.8 from Pln 8; rating sell * UBS AG  UBSN.VX : Citigroup raises target price to sfr 22 from sfr 20.50; rating buy * UBS AG  UBSN.VX : Credit Suisse raises price target to sfr 16 from sfr 15; rating neutral * UniCredit SpA  CRDI.MI : Barclays raises price target to 4.10 euros from 3.80 euros * UniCredit SpA  CRDI.MI : Citigroup raises target price to 4.30 euros from 3.70 euros * UniCredit SpA  CRDI.MI : Exane BNP Paribas raises price target by 9 percent to 3.60 euros * UniCredit SpA  CRDI.MI : S&P Capital IQ raises price target to 3.60 euros from 3.40 euros * UniCredit SpA  CRDI.MI : Socgen raises to hold from sell * UniCredit SpA  CRDI.MI : UBS raises target price to 4.50 euros from 4.15 euros * United Drug PLC  UDG.L : Jefferies raises price target to 400p from 340p; rating buy * UPM  UPM1V.HE : UBS raises price target to 8.90 euros from 8.15 euros; rating neutral * Uralkaliy  URKAq.L : Morgan Stanley cuts price target to $22 from $36.50 * Uralkaliy  URKAq.L : Morgan Stanley cuts to equal weight from overweight  * Vakifbank  VAKBN.IS : Socgen raise to hold from sell * Vodafone Group PLC  VOD.L : Raymond James starts with outperform; price target 220p * VZ Holding AG  VZN.S : UBS raises price target to Sfr 150 from Sfr 138; rating neutral * William Demant  WDH.CO : Swedbank raises price target to Dkk 500 from Dkk 440 * William Demant  WDH.CO : Swedbank raises to neutral from reduce  * Xing AG  OBCGn.DE : Berenberg raises price target to 74 euros from 51 euros; rating buy (Compiled by Varun Aggarwal in Bangalore) ((varun.aggarwal@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S +91 80 6749 6234)(Reuters Messaging: varun.aggarwal.thomsonreuters.com@reuters.net)) Keywords: RESEARCH EUROPE/