Europe Research Roundup: Countrywide, Jeronimo Martins, Norma Group

Stolt-Nielsen

12/10/2017 16:08

Oct 12 (Reuters) - Securities analysts revised their ratings and price targets on several European 
companies, including Countrywide, Jeronimo Martins and Norma Group, on Thursday.  
     
    HIGHLIGHTS 
     * Airbus SE  AIRG.DE : Independent Research cuts to sell from hold  
     * Countrywide Plc  CWD.L : Berenberg starts with rating sell; target price 95p 
     * JcDecaux  JCDX.PA : Citigroup raises rating to buy 
     * Jeronimo Martins SA  JMT.LS : Jefferies cuts to hold from buy 
     * Norma Group SE  NOEJ.DE : SocGen starts with buy rating; price target 70 euros      
 Following is a summary of research actions on European companies reported by Reuters on Thursday. Stock 
entries are in alphabetical order.  
     
     * AA Plc  AAAA.L : Berenberg cuts price target to 170p from 315p 
     * AA Plc  AAAA.L : Berenberg cuts to hold from buy 
     * Accorhotels  ACCP.PA : Natixis raises target price to 48 euros from 45.50 euors; buy 
     * Acerinox SA  ACX.MC : Exane BNP Paribas cuts target price by 4 pct to 13.5 euros 
     * Airbus Group  AIR.PA : Raymond James raises target price to 92 euros from 85 euros 
     * Airbus SE  AIRG.DE : Independent Research cuts target price to EUR 72.00 from EUR 75.00 
     * Airbus SE  AIRG.DE : Independent Research cuts to sell from hold  
     * Aperam SA  APAM.AS : Exane BNP Paribas raises target price by 2 pct to 53 euros 
     * Avation Plc  AVAP.L : WH Ireland raises target price to 280p from 270p; rating buy 
     * Aveva Group Plc  AVV.L : Citigroup raises price target to 2805p; rating buy 
     * Azimut  AZMT.MI : Kepler Cheuvreux cuts target price to 19.50 euros from 20 euors; hold 
     * Bank Saint Petersburg  BSPB.MM : Finam starts with buy, lowers target price to RUB 74.9 
     * BASF SE  BASFn.DE : Credit Suisse raises price target to 84 euros from 80.50 euros 
     * Bpost SA  BPOST.BR : HSBC raises price target to EUR 25.8 from EUR 25 
     * Burberry Group Plc  BRBY.L : Mirabaud raises to buy from hold Trader 
     * Comdirect Bank AG  CDBG.DE : Bankhaus Lampe raises target price to 13 euros from 9 euros 
     * Comdirect Bank AG  CDBG.DE : Bankhaus Lampe raises to buy from hold 
     * Countrywide Plc  CWD.L : Berenberg starts with rating sell; target price 95p 
     * Crossject SA  ALCJ.PA : Invest Securities cuts target price to EUR 8.7 from EUR 10.0;buy 
     * Danske Bank  DANSKE.CO : UBS raises price target to DKK 300 from DKK 243 
     * Danske Bank  DANSKE.CO : UBS raises to buy from neutral 
     * Deutsche Lufthansa AG  LHAG.DE : Bernstein raises price target to 30 euros from 22 euros 
     * Deutsche Lufthansa AG  LHAG.DE : Bernstein raises to outperform from market-perform 
     * Deutsche Lufthansa AG  LHAG.DE : HSBC raises price target to EUR 29 from EUR 25 
     * DNB ASA  DNB.OL : UBS cuts to neutral from buy 
     * DNB ASA  DNB.OL : UBS raises price target to NOK 165 from NOK 152 
     * Draegerwerk  DRWG_p.DE : Kepler Cheuvreux raises target to 116 euros from 114 euors; buy 
     * DSM  DSMN.AS : Credit Suisse raises target price to EUR 75 from EUR 70.50 
     * EasyJet Plc  EZJ.L : Canaccord Genuity raises price target to 1200p from 1150p 
     * EasyJet Plc  EZJ.L : Canaccord Genuity raises to hold from sell 
     * Edinburgh Investment Trust Plc  EDIN.L : Stifel raises to positive from neutral 
     * Elegant Hotels Group Plc  EHGE.L : Stifel cuts target price to 105p from 110p; buy 
     * Elis SA  ELIS.PA : HSBC raises price target to EUR 25 from EUR 19 
     * Elis SA  ELIS.PA : HSBC raises to buy from hold 
     * Elis SA  ELIS.PA : Midcap Partners raises target to EUR 26.4 from EUR 25.2; rating buy 
     * Enquest Plc  ENQ.L : Barclays raises price target to 23p from 16p 
     * Ericsson  ERICb.ST : Barclays cuts price target to SEK 46 from SEK 50 
     * Essilor SA  ESSI.PA : HSBC cuts price target to EUR 128 from EUR 139 
     * Essilor SA  ESSI.PA : Raymond James cuts price target to EUR 123 from EUR 126 
     * Fagron NV  FAGRO.BR : ING cuts price target to EUR 14 from EUR 14.50 
     * Fagron NV  FAGRO.BR : ING cuts to hold from buy 
     * Firestone Diamonds Plc  FDI.L : RBC cuts price target to 19p from 46p 
     * Firestone Diamonds Plc  FDI.L : RBC cuts to sector perform from outperform 
     * Fortum Oyj  FORTUM.HE : SocGen raises price target to 19.10 euros from 14.7 euros 
     * Fortum Oyj  FORTUM.HE : SocGen raises to buy from hold 
     * Foxtons Group Plc  FOXT.L : Berenberg starts with sell rating; price target 50p 
     * GEA Group AG  G1AG.DE : Credit Suisse raises price target to 44 euros from 40 euros 
     * Givaudan SA  GIVN.S : Berenberg raises price target to SFR 2300 from SFR 2190 
     * Goals Soccer Centres Plc  GOAL.L : N+1 Singer raises to hold 
     * Greggs Plc  GRG.L : Canaccord Genuity raises price target to 1300p from 1000p 
     * Handelsbanken  SHBa.ST : UBS raises target price to SEK 114 from SEK 106 
     * Hargreaves Lansdown Plc  HRGV.L : Jefferies raises price target to 1490p from 1395p 
     * Havas SA  HAVA.PA : HSBC cuts price target to EUR 8 from EUR 9.25 
     * Ipsos SA  ISOS.PA : HSBC cuts price target to EUR 36 from EUR 37 
     * Italgas  IG.MI : Berenberg starts with buy rating; price target 5.30 euros 
     * JcDecaux  JCDX.PA : Citigroup raises rating to buy 
     * JcDecaux  JCDX.PA : HSBC cuts price target to EUR 27 from EUR 28 
     * JcDecaux  JCDX.PA : HSBC cuts to reduce from hold 
     * Jeronimo Martins SA  JMT.LS : Jefferies cuts price target to EUR 16 from EUR 18.70 
     * Jeronimo Martins SA  JMT.LS : Jefferies cuts to hold from buy 
     * John Wood Group Plc  WG.L : JP Morgan raises to overweight from neutral 
     * Jupiter Fund Management Plc  JUP.L : Jefferies raises price target to 620p from 565p 
     * Jupiter Fund Management Plc  JUP.L : JP Morgan raises target price to 565p from 550p 
     * Koninklijke Philips  PHG.AS :Independent Research ups target to 35 euros from 33 euors;hold 
     * Lsl Property Services Plc  LSL.L : Berenberg starts with hold rating; price target 220p 
     * Luceco Plc  LUCEL.L : Berenberg raises price target to 270p from 255p 
     * Luxottica  LUX.MI : HSBC cuts price target to EUR 59 from EUR 64 
     * Luxottica  LUX.MI : Raymond James cuts price target to EUR 57 from EUR 58 
     * LVMH  LVMH.PA : Berenberg raises price target to 260 euros from 255 euros 
     * LVMH  LVMH.PA : Independent Research raises target price to 255.00 euros from 238.00;hold  
     * Meggitt Plc  MGGT.L : JP Morgan cuts target price to 570p from 580p; rating overweight 
     * Mondi Plc  MNDI.L : Credit Suisse cuts price target to 2220p from 2265p 
     * N Brown Group Plc  BWNG.L : Investec raises target price to 380p from 320p 
     * N Brown Group Plc  BWNG.L : Jefferies raises price target to 400p from 370p 
     * Nordea  NDA.ST : UBS cuts price target to SEK 110 from SEK 117 
     * Nordea  NDA.ST : UBS cuts to neutral from buy 
     * Norma Group SE  NOEJ.DE : SocGen starts with buy rating; price target 70 euros 
     * Outokumpu Oyj  OUT1V.HE : Exane BNP Paribas raises target price by 8 pct to 7 euros 
     * Pagegroup Plc  PAGE.L : Investec raises price target to 450p from 435p 
     * Pagegroup Plc  PAGE.L : Investec raises to hold from sell 
     * Polar Capital Holdings Plc  POLR.L : Canaccord Genuity raises target to 555p from 500p 
     * Polar Capital Holdings Plc  POLR.L : Numis raises price target to 485p from 440p 
     * Produce Investments Plc  PIL.L : Investec raises price target to 250p from 212p 
     * Publicis  PUBP.PA : HSBC cuts price target to EUR 73 from EUR 81.50 
     * Purplebricks Group Plc  PURP.L : Berenberg starts with buy rating; price target 470p 
     * RIB Software SE  RIB.DE : Kepler Cheuvreux raises target to 22 euros from 18 euors; buy 
     * SDL Plc  SDL.L : Investec raises target price to 700p from 650p; rating buy 
     * SEB AB  SEBa.ST : UBS raises price target to SEK 120 from SEK 110 
     * Siltronic AG  WAFGn.DE : Credit Suisse raises price target to EUR 140 from EUR 120 
     * Solvay  SOLB.BR : Exane BNP Paribas raises target by 6 pct to 140 euors; outperform 
     * Spire Healthcare Group Plc  SPI.L : Investec cuts target price to 272p from 349p 
     * Spire Healthcare Group Plc  SPI.L : Investec raises to buy from add 
     * Spirent Communications Plc  SPT.L : Barclays cuts price target to 100p from 110p 
     * Stolt-Nielsen Ltd  SNI.OL : Fearnley Securities cuts rating to reduce from buy  
     * Stolt-Nielsen Ltd  SNI.OL : Fearnley Securities cuts target to NOK 115 from NOK 130 
     * Stroeer  SAXG.DE : HSBC cuts to hold from buy 
     * Stroeer  SAXG.DE : HSBC raises price target to EUR 59 from EUR 57 
     * Surgutneftegaz  SNGS.MM : Finam starts with buy, target price Rub 39  
     * Swedbank  SWEDa.ST : UBS raises price target to SEK 245 from SEK 224 
     * Swedbank  SWEDa.ST : UBS raises to buy from neutral 
     * target Healthcare REIT Ltd  THRLT.L : Stifel raises target price to 120p from 119p; buy 
     * Tesco Plc  TSCO.L : Credit Suisse raises price target to 160p from 140p 
     * Transocean Ltd  RIGN.S : Citigroup raises to buy from neutral 
     * Volkswagen AG  VOWG_p.DE : Bernstein raises price target to 180 euros from 150 euros 
     * Volkswagen AG  VOWG_p.DE : Bernstein raises to outperform from market-perform 
     * WH Smith Plc  SMWH.L : JP Morgan raises price target to 2150p from 1950p 
     * WPP Plc  WPP.L : HSBC cuts price target to 1600p from 1850p 
  
     
 
 (Compiled by Bengaluru Newsroom) 
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Keywords: RESEARCH EUROPE/