Europe Research Roundup: Drax Group, Randstad, Philips

Turk Traktor ve Ziraat Makineleri

28/07/2015 08:10

July 28 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Drax Group and Hays Plc, on Tuesday.  
     
    HIGHLIGHTS 
    * Drax Group Plc  DRX.L : HSBC cuts to reduce from hold  
    * Hays Plc  HAYS.L : RBC cuts to underperform from sector perform 
    * Randstad Holding NV  RAND.AS : RBC cuts to underperform from sector perform 
    * Philips NV  PHG.AS : HSBC raises price target to 21 euros from 20 euros; rating reduce 
    * Eutelsat  ETL.PA : HSBC cuts to hold from buy 
           
Following is a summary of research actions on European companies reported by Reuters on Tuesday. 
Stock entries are in alphabetical order.  
          
    * ABB  ABBN.VX : Jefferies raises target to Sfr 17.22 from Sfr 16.82; rating underperform 
    * Aberdeen Asset Management  ADN.L : Barclays cuts target to 400p from 485p; equal weight 
    * Banco de Sabadell  SABE.MC : RBC cuts target to 2.20 euros from 2.50 euros; sector perform 
    * Braas Monier  BMSA.DE : HSBC raises price target to 26 euros from 22 euros; rating hold 
    * British Land Company Plc  BLND.L : HSBC cuts price target to 859p from 920p; rating hold 
    * CRH  CRH.I : HSBC resumes coverage with hold rating; 28 euros price target 
    * Deutsche Boerse  DB1Gn.DE : Barclays raises target to 78 euros from 73 euros; underweight 
    * Drax Group Plc  DRX.L : HSBC cuts price target to 230p from 290p 
    * Drax Group Plc  DRX.L : HSBC cuts to reduce from hold 
    * Electrocomponents  ECM.L : RBC cuts price target to 180p from 190p; rating underperform    
    * Eutelsat ETL.PA : HSBC cuts price target to 32 euros from 34 euros 
    * Eutelsat  ETL.PA : HSBC cuts to hold from buy 
    * Hammerson Plc  HMSO.L : HSBC raises price target to 685p from 683p; rating hold 
    * Hays Plc  HAYS.L : RBC cuts to underperform from sector perform 
    * Kering  PRTP.PA : Barclays raises target to 190 euros from 185 euros; rating overweight 
    * Lafargeholcim Ltd  LHN.VX : HSBC resumes coverage with reduce rating; Sfr 66 price target 
    * Land Securities  LAND.L : HSBC raises price target to 1305p from 1294p; rating hold  
    * Millicom International Cellular  MICsdb.ST :HSBC raises target to Sek 720 from Sek 685;buy 
    * Nexity SA  NEXI.PA : HSBC raises price target to 48 euros from 40.85 euros; rating buy 
    * Pandora A/S  PNDORA.CO : HSBC raises price target to Dkk 865 from Dkk 740; rating buy  
    * Philips NV  PHG.AS : HSBC raises price target to 21 euros from 20 euros; rating reduce 
    * Randstad Holding NV  RAND.AS : RBC cuts to underperform from sector perform 
    * Roche  ROG.VX : Barclays raises price target to Sfr 319 from Sfr 318; rating overweight 
    * Ryanair Holdings  RYA.I :RBC raises target to 14.50euros from 12.50euros;rating outperform 
    * Ryanair  RYA.I : HSBC raises price target to 14 euros from 13.4 euros; rating buy 
    * Senior  SNR.L : JP Morgan cuts price target to 335p from 375p; rating overweight 
    * Turk Traktor Ve Ziraat Makineleri  TTRAK.IS : HSBC cuts price target to Tl 81 from Tl 87 
    * Turk Traktor Ve Ziraat Makineleri  TTRAK.IS : HSBC raises to buy from hold 
    * UBS  UBSG.VX : JP Morgan raises price target to Sfr 23 from Sfr 21; rating overweight  
 
 (Compiled by Archana Lakshmi Narasiah in Bengaluru) 
 ((archana.narasiah@thomsonreuters.com)(within U.S. +1 646 223 8780)(outside U.S. + 91 80 6677 
3126)(Reuters messaging:archana.narasiah.thomsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/