Europe Research Roundup: Atlas Copco, Nexans, Safran
25/01/2017 13:50
Jan 25 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Eurocommercial, Mediaset Espana and Wereldhave, on Wednesday.
HIGHLIGHTS
* Axel Springer SE SPRGn.DE : Barclays raises to equal weight from underweight
* Citycon CTY1S.HE : Goldman Sachs cuts to sell rating
* Novatek NVTKq.L : Morgan Stanley cuts to equal-weight from overweight
* Vivendi VIV.PA : Barclays cuts to underweight from equal weight
* Yoox Net-A-Porter Group SpA YNAP.MI : Exane BNP cuts to underperform from neutral
Following is a summary of research actions on European companies reported by Reuters on
Wednesday. Stock entries are in alphabetical order.
* A.P. Moller-Maersk MAERSKb.CO : Credit Suisse raises target to Dkr 12899 from Dkr 12479
* Abcam Plc ABCA.L : Peel Hunt starts with hold rating; 750p target price
* Anadolu Efes AEFES.IS : HSBC raises target price to Tl 21 from Tl 20; rating hold
* Anglo American Plc AAL.L : UBS cuts target price to 1250p from 1300p
* Aryzta AG ARYN.S : Credit Suisse cuts target price to Sfr 31 from Sfr 45.50; neutral
* Aryzta AG ARYN.S : Goldman Sachs cuts to neutral from buy
* Aryzta AG ARYN.S : Kepler Cheuvreux cuts target price to Sfr 40 from Sfr 55; rating buy
* Aryzta AG ARYN.S : UBS cuts target price to Sfr 33 from Sfr 55
* Aryzta AG ARYN.S : UBS cuts to neutral from buy
* Ashmore Group Plc ASHM.L : UBS raises to buy from neutral
* Atlas Copco AB ATCOa.ST : Morgan Stanley ups target to Sek 317 from Sek 314; overweight
* Atresmedia A3M.MC : Barclays raises target price to 11 euros from 10 euros
* Auto Trader Group Plc AUTOA.L : Barclays raises target price to 425p from 415p
* Axel Springer SE SPRGn.DE : Barclays raises target price to 48.5 euros from 42.9 euros
* Axel Springer SE SPRGn.DE : Barclays raises to equal weight from underweight
* Bgeo Group Plc BGEO.L : Peel Hunt raises to buy from add
* BHP Billiton BLT.L : Independent Research raises target to 1,550.0p from 1,400.0p; hold
* Bizim Toptan Satis Magazalari as BIZIM.IS : HSBC cuts target to Tl 12 from Tl 15; hold
* Bpost BPOST.BR : Morgan Stanley cuts target to 25 euros from 25.60 euros; equal-weight
* BT Group Plc BT.L : Berenberg cuts target price to 400p from 506p
* BT Group Plc BT.L : Berenberg cuts to hold from buy
* BT Group Plc BT.L : Citigroup cuts price target to 425p from 460p
* BT Group Plc BT.L : JP Morgan cuts price target to 330p from 390p
* BT Group Plc BT.L : JP Morgan cuts target price to 330p from 390p; rating neutral
* BT Group Plc BT.L : Morgan Stanley cuts target price to 400p from 490p; overweight
* BT Group Plc BT.L : Independent Research cuts target to 345p from 390p; rating hold
* BTG Plc BTG.L : Peel Hunt starts with hold rating; 630p target PRICE
* Carnival Plc CCL.L : Berenberg raises target price to 4300p from 4000p
* Centrica Plc CNA.L : HSBC raises target price to 225p from 220p; rating hold
* Citycon CTY1S.HE : Goldman Sachs cuts to sell rating
* Clinigen Group Plc CLINC.L : Stifel raises target price to 900p from 800p; rating buy
* Coloplast COLOb.CO : Deutsche Bank raises price target to Dkk 530 from Dkk 520
* Com Hem Holding AB COMH.ST : Berenberg raises target price to Sek 89 from Sek 65
* Compass Group Plc CPG.L : Berenberg raises target price to 1650p from 1600p
* Crest Nicholson Holdings CRST.L : Canaccord Genuity ups target to 565p from 530p; buy
* Crest Nicholson Holdings Plc CRST.L : Deutsche Bank cuts price target to 545p from 564p
* Daily Mail and General Trust Plc DMGOa.L : Barclays cuts target price to 710p from 740p
* Deutsche Euroshop DEQGn.DE : JP Morgan raises target to 46 euros from 44 euros; neutral
* Dic Asset AG DICn.DE : Berenberg raises target price to 10.30 euros from 9 euros; hold
* Do & Co AG DOCO.IS : HSBC cuts target price to Tl 260 from Tl 270
* Do & Co AG DOCO.IS : HSBC cuts to hold from buy
* Duerr AG DUEG.DE : Deutsche Bank raises price target to 60 euros from 50 euros
* easyJet Plc EZJ.L : Citigroup cuts target price to 1100p from 1200p
* easyJet Plc EZJ.L : HSBC cuts target price to 1250p from 1300p; rating buy
* easyJet Plc EZJ.L : Morgan Stanley cuts target price to 1000p from 1020p; equal-weight
* Edenred EDEN.PA : Berenberg raises target price to 19 euros from 18.50 euros
* Edenred EDEN.PA : Berenberg raises to hold from sell
* EDF EDF.PA : HSBC raises to hold from reduce
* EDP Renovaveis SA EDPR.LS : HSBC cuts target price to 7.50 euros from 7.70 euros; buy
* Elior Group ELIOR.PA : Berenberg cuts target price to 21 euros from 22 euros
* Elior Group ELIOR.PA : Berenberg cuts to hold from buy
* Enagas ENAG.MC : HSBC cuts target price to 28 euros from 31 euros; rating buy
* Endesa ELE.MC : HSBC raises target price to 18.5 euros from 17.6 euros; rating reduce
* Enquest Plc ENQ.L : Barclays raises target price to 53p from 48p; rating underweight
* Entra ENTRA.OL : Goldman Sachs raises to buy rating
* Eurocommercial SIPFC.AS : Goldman Sachs cuts to sell rating
* Eurotunnel GETP.PA : Morgan Stanley cuts target to 12 euros from 13 euros; overweight
* Eutelsat ETL.PA : Barclays raises target price to 17.75 euros from 17.7 euros
* Exel Industries EXEP.PA : Portzamparc raises target to eur 81 from eur 78; accumulate
* Figeac Aero FGA.PA : Midcap Partners raises target to eur 24 from eur 23.5; rating buy
* Forfarmers NV FFARM.AS : KBC starts with buy rating; 8.30 euros price target
* Fountaine Pajot SA ALFPC.PA : Portzamparc cuts to hold from buy; target price eur 82
* Gas Natural GAS.MC : HSBC cuts target price to 18.3 euros from 18.8 euros; rating hold
* Genel Energy Plc GENL.L : Barclays cuts target price to 90p from 100p; equal weight
* Genel Energy Plc GENL.L : Deutsche Bank cuts price target to 67p from 74p
* Grand City Properties GYC.DE : Goldman Sachs cuts to neutral rating - Trader
* Grandvision GVNV.AS : ING cuts target price to eur 25.5 from eur 29
* Gulf Marine Services Plc GMS.L : Numis starts with buy rating; 130p price target
* Hammerson HMSO.L : Goldman Sachs cuts to neutral rating - Trader
* Hastings HSTG.L : Goldman Sachs cuts to neutral from buy - Trader
* Havas SA HAVA.PA : Barclays raises target price to 9.3 euros from 8.5 euros
* HHLA HHFGn.DE : Citigroup cuts to sell from neutral
* HHLA HHFGn.DE : Citigroup raises target price to 17.5 euros from 14 euros
* High Co SA HIGH.PA : Portzamparc raises target price to eur 7.7 from eur 7.0
* High Co SA HIGH.PA : Portzamparc raises to buy from accumulate
* Hikma Pharmaceuticals Plc HIK.L : Peel Hunt starts with buy rating; 2340p target price
* Iberdrola IBE.MC : HSBC cuts target price to 6.8 euros from 7 euros; rating buy
* Icade SA ICAD.PA : Goldman Sachs raises to buy rating
* Iliad ILD.PA : JP Morgan cuts price target to 245 euros from 250 euros
* Informa Plc INF.L : Barclays cuts target price to 760p from 780p
* Inmarsat Plc ISA.L : RBC Capital cuts to sector perform from outperform - Trader
* Innogy SE IGY.DE : HSBC cuts target price to 32 euros from 33 euros; rating hold
* Intercontinental Hotels Group IHG.L : Berenberg raises target price to 3800p from 3000p
* Intu INTUP.L : Goldman Sachs cuts to sell rating
* Italgas SpA IG.MI : HSBC raises target price to 4.1 euros from 3.9 euros; rating buy
* ITV Plc ITV.L : Barclays raises target price to 205p from 180p
* Jyske Bank JYSK.CO : Handelsbanken Capital Markets cuts target to Dkk 365; accumulate
* K+S SDFGn.DE : Goldman Sachs raises target price to 21 euros from 17 euros; rating sell
* Kingfisher Plc KGF.L : Exane BNP Paribas cuts target price to 315p from 410p
* Kingfisher Plc KGF.L : Exane BNP Paribas cuts to underperform from neutral
* Klepierre LOIM.PA : Goldman Sachs removes from Conviction buy list; rating buy
* Ladbrokes Coral Group Plc LCL.L : Berenberg cuts target price to 160p from 175p
* Lagardere LAGA.PA : Barclays cuts to underweight from equal weight
* Land Securities LAND.L : Goldman Sachs raises to buy rating
* Legal & General LGEN.L : Bernstein cuts to market-perform from outperform
* M6 MMTP.PA : Barclays raises target price to 21.5 euros from 16.5 euros
* M6 MMTP.PA : Barclays raises to overweight from equal weight
* Man Group Plc EMG.L : Barclays raises target price to 135p from 130p; equal weight
* Marks and Spencer MKS.L : Credit Suisse raises target price to 370p from 320p; neutral
* McCarthy & Stone Plc MCS.L : Jefferies cuts price target to 239p from 246p; rating buy
* McPhy Energy Sas MCPHY.PA : Portzamparc cuts to accumulate from buy; target price eur 6.5
* Mediaset Espana TL5.MC : Barclays raises target price to 11.25 euros from 10.25 euros
* Mediaset Espana TL5.MC : Barclays raises to equal weight from underweight
* Mercialys MERY.PA : Goldman Sachs cuts to sell rating
* Microgen Plc MCGN.L : Investec raises target price to 230p from 180p; rating buy
* Millicom MICsdb.ST : Danske Bank cuts target price to Sek400 from Sek410; rating sell
* Moneysupermarket.com Group Plc MONY.L : Barclays raises target price to 345p from 335p
* National Grid Plc NG.L : HSBC cuts target price to 1060p from 1070p; rating buy
* Nexans NEXS.PA : Morgan Stanley raises price target to eur 47 from eur 46
* Nh Hotels NHH.MC : Berenberg cuts target price to 4.20 euros from 4.50 euros
* Nokia Corp NOKIA.HE : Danske Bank cuts rating to sell
* Nokia Corp NOKIA.HE : Danske Bank cuts target price to EUR 3.9 from EUR 4.6
* Norsk Hydro NHY.OL : ARCTIC Securities ups target to Nok 49 from Nok 36; maintains hold
* NOS SA NOS.LS : Barclays cuts target price to 6.4 euros from 7 euros
* Novartis AG NOVN.S : Independent Research cuts target price to Chf 76 from Chf 78; hold
* Novatek NVTKq.L : Morgan Stanley cuts to equal-weight from overweight
* Orange Belgium OBEL.BR : Barclays cuts target price to 26 euros from 27 euros
* Orange Belgium SA OBEL.BR : JP Morgan ups price target to 23.50 euros from 22.50 euros
* OTP Bank Nyrt OTPB.BU : HSBC cuts to hold from buy
* OTP Bank Nyrt OTPB.BU : HSBC raises target price to 8930 Huf from 8500 Huf
* Outokumpu Oyj OUT1V.HE : Carnegie cuts to sell from hold - Trader
* Paddy Power Betfair Plc PPB.L : Barclays cuts target to 11000p from 11500p; overweight
* Paddy Power Betfair Plc PPB.L : HSBC cuts target price to 8900p from 10000p; rating buy
* Pearson Plc PSON.L : Barclays raises target price to 560p from 550p
* Pearson Plc PSON.L : Investec cuts target price to 598p from 835p
* Pearson Plc PSON.L : Investec cuts to hold from ADD
* Pfeiffer Vacuum PV.DE : Independent Research ups target to 105 euros from 96 euros;hold
* Philips Lighting LIGHT.AS : Goldman Sachs raises target price to 36 euros; rating buy
* Philips PHG.AS : Credit Suisse raises target to 31 euros from 30 euros; outperform
* Philips PHG.AS : JP Morgan cuts target price to 32 euros from 32.50 euros; overweight
* Philips PHG.AS : Morgan Stanley cuts target to 27.50 euros from 29 euros; equal-weight
* Picton Property Income Ltd PCTN.L : Stifel cuts to hold from buy
* Picton Property Income Ltd PCTN.L : Stifel raises target price to 82p from 80p
* Premier Foods Plc PFD.L : Credit Suisse cuts target price to 40p from 43p
* Premier Foods Plc PFD.L : Credit Suisse cuts to neutral from outperform
* Premier Oil Plc PMO.L : Citigroup raises target price to 124p
* Prosiebensat 1 Media SE PSMGn.DE : Barclays raises target to 45 euros from 42.5 euros
* Prosiebensat 1 Media SE PSMGn.DE : Barclays raises to overweight from equal weight
* Proximus NV PROX.BR : JP Morgan cuts price target to 29 euros from 32 euros
* Publicis PUBP.PA : Barclays cuts target price to 70 euros from 76 euros
* Publicis PUBP.PA : Barclays cuts to equal weight from overweight
* Raiffeisen Bank Intl AG RBIV.VI : UBS raises target price to 22 euros from 13 euros
* Raiffeisen Bank Intl AG RBIV.VI : UBS raises to buy from neutral
* Reckitt Benckiser Group Plc RB.L : Berenberg raises target price to 7900p from 7300p
* Reckitt Benckiser Group Plc RB.L : Berenberg raises to buy from hold
* Red Electrica REE.MC : HSBC cuts target price to 18.9 euros from 19.5 euros;rating hold
* Relx NV RELN.AS : Barclays cuts target price to 17.6 euros from 17.8 euros
* Relx Plc REL.L : Barclays cuts target price to 1630p from 1645p
* Renew Holdings Plc RNWH.L : Finncap starts with buy; target price 586p
* Restaurant Group RTN.L : Canaccord Genuity cuts target price to 450p from 545p; buy
* Rheinmetall AG RHMG.DE : Deutsche Bank raises price target to 65 euros from 60 euros
* Rightmove Plc RMV.L : Barclays raises target price to 3700p from 3650p
* Ringkjoebing Landbobank A/S RILBA.CO : Danske Bank cuts rating to hold from buy
* Ringkjoebing Landbobank A/S RILBA.CO : Danske Bank cuts target price at Dkk1,600
* Rio Tinto Plc RIO.L : Canaccord Genuity raises target price to 4015p from 3130p; buy
* RTL AUDKt.BR : Barclays raises target price to 75 euros from 66 euros
* RTL AUDKt.BR : Barclays raises to equal weight from underweight
* RWE AG RWEG.DE : HSBC cuts target price to 10.3 euros from 10.5 euros; rating reduce
* Safran SAF.PA : Jefferies raises target price to 62.50 euros from 55 euros; hold
* Saint-Gobain SGOB.PA : JP Morgan raises target to 52 euros from 46 euros; overweight
* Santander SAN.MC : Independent Research ups target to 5.70 euros from 5.30 euros; hold
* Sartorius AG SATG_p.DE : Deutsche Bank raises price target to 88 euros from 80 euros
* Schibsted ASA SBSTA.OL : Barclays raises target price to Nok 230 from Nok 220
* Scout24 AG G24n.DE : Barclays raises target price to 39.70 euros from 37 euros
* Secure Income REIT SIRE.L : Goldman Sachs raises to buy rating
* SES SA SESFd.PA : Barclays cuts target price to 20.15 euros from 20.2 euros
* Snam SpA SRG.MI : HSBC cuts to hold from buy
* Snam SpA SRG.MI : HSBC raises target price to 4.1 euros from 4 euros
* Soco International Plc SIA.L : Peel Hunt starts with buy rating; 180p target price
* Solocal Group SA LOCAL.PA : Barclays raises target price to 1.9 euros from 1.65 euros
* SSE Plc SSE.L : HSBC raises target price to 1740p from 1660p
* SSE Plc SSE.L : HSBC raises to buy from hold
* ST Ives Plc SIV.L : Peel Hunt cuts target price to 110p from 175p; rating buy
* Standard Life Plc SL.L : RBC cuts target price to 290p from 300p
* Statpro Group Plc SOG.L : N+1 Singer raises target price to 163p from 158p
* Steinhoff SNHG.DE : Credit Suisse cuts target price to 5.30 euros from 6 euros
* Steinhoff SNHG.DE : Credit Suisse cuts to neutral from outperform
* Straumann Holding AG STMN.S : Berenberg cuts target price to Sfr 400 from Sfr 407
* Subsea 7 SA SUBC.OL : Canaccord Genuity raises price target to Nok 85 from Nok 80; sell
* Swatch Group SA UHR.S : Berenberg raises target price to Sfr 300 from Sfr 278
* Swisscom AG SCMN.S : Barclays cuts target price to Sfr 440 from Sfr 450
* Talktalk Telecom Group TALK.L : Barclays cuts target price to 240p from 250p
* Talktalk Telecom Group TALK.L : HSBC cuts target price to 175p from 230p; rating hold
* Taptica International Ltd TAP.L : Investec raises target price to 252p from 192p; buy
* Tarsus Group Plc TRS.L : Investec raises target price to 360p from 350p; rating buy
* Technipfmc FTI.PA : Credit Suisse starts with outperform rating; 40 euros price target
* Teknosa TKNSA.IS : HSBC cuts target price to Tl 3.5 from Tl 4.5; rating hold
* Telenor ASA TEL.OL : Berenberg raises to hold from sell
* Telia TELIA.ST : Berenberg cuts target price to Sek 29 from Sek 30
* TF1 TFFP.PA : Barclays cuts target price to 9.7 euros from 10 euros
* Thomas Cook Group Plc TCG.L : Berenberg raises target price to 80p from 60p
* TLG Immobilien AG TLGG.DE : UBS cuts target price to 18.5 euros from 20 euros
* Trinity Mirror Plc TNI.L : Barclays raises target price to 110p from 95p
* Turk Telekomunikasyon as TTKOM.IS : HSBC cuts target price to Tl 6 from Tl 6.5; hold
* Turkcell TCELL.IS : HSBC raises target price to Tl 11 from Tl 10.7; rating hold
* UBM Plc UBM.L : Barclays cuts target price to 765p from 770p
* UDG Healthcare Plc UDG.L : Peel Hunt starts with add rating; 730p target price
* Vivendi VIV.PA : Barclays cuts target price to 17.5 euros from 18 euros
* Vivendi VIV.PA : Barclays cuts to underweight from equal weight
* Vodafone VOD.L : Bank of America Merrill Lynch cuts price target to 236p from 280p
* Vodafone VOD.L : Bank of America Merrill Lynch downgrades to neutral
* Volkswagen AG VOWG_p.DE : Deutsche Bank raises price target to 160 euros from 140 euros
* Wacker Chemie WCHG.DE : Kepler Cheuvreux raises target to 104 euros from 85 euros; buy
* Wereldhave WEHA.AS : Goldman Sachs cuts to sell rating
* William Hill Plc WMH.L : Berenberg cuts target price to 250p from 275p
* WPP Plc WPP.L : Barclays raises target price to 2200p from 2100p
* X Trade Brokers Dom Maklerski XTB.WA :JP Morgan cuts target to Pln 8.90 from Pln 12.20
* Yara International YAR.OL : Goldman Sachs ups target to Nok 360 from Nok 352; neutral
* Yoox Net-A-Porter Group SpA YNAP.MI : Exane BNP cuts target price to 20 euros
* Yoox Net-A-Porter Group SpA YNAP.MI : Exane BNP cuts to underperform from neutral
* Zoopla Property Group Plc ZPLAZ.L : Barclays raises target price to 385p from 370p
(Compiled by Bengaluru Newsroom)
((Bengaluru Newsroom: +1 646 223 8780))
Keywords: RESEARCH EUROPE/
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