Europe Research Roundup: Inditex, Jungheinrich, Logitech

Valecha Engineering

23/08/2016 06:46

Aug 23 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including BHP Billiton, Cembra Money Bank and PostNL, on Tuesday.  
     
     
    HIGHLIGHTS 
     * BHP Billiton Plc  BLT.L : Jefferies raises to buy rating 
     * Cembra Money Bank AG  CMBN.S : UBS cuts to neutral from buy   
     * PostNL  PTNL.AS : Davy cuts to neutral   
     * Inditex  ITX.MC : HSBC raises to buy from hold   
     * Jungheinrich AG  JUNG_p.DE : Berenberg 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. 
     
     
 
     * Akastor  AKAS.OL : Barclays cuts price target to Nok 9.30 from Nok 10; underweight 
     * Aygaz  AYGAZ.IS : Deutsche Bank cuts target price to Tl 11.1 from Tl 11.2   
     * BHP Billiton Plc  BLT.L : Jefferies raises target price to 1250p 
     * BHP Billiton Plc  BLT.L : Jefferies raises to buy rating 
     * Caixabank  CABK.MC : Berenberg cuts target price to 1.85 euros from 2 euros; rating sell   
     * Cembra Money Bank AG  CMBN.S : UBS cuts to neutral from buy   
     * Deutsche Telekom  DTEGn.DE : JP Morgan cuts target to 16.20 euros from 17.10 euros;neutral   
     * DSM  DSMN.AS : Citigroup raises target price to 70 euros; rating buy   
     * Glencore Plc  GLEN.L : Jefferies raises target price to 200p; rating hold   
     * Inditex  ITX.MC : HSBC raises target price to 40 euros from 28 euros   
     * Inditex  ITX.MC : HSBC raises to buy from hold   
     * Jungheinrich AG  JUNG_p.DE : Berenberg cuts to hold from buy   
     * Jungheinrich AG  JUNG_p.DE : Berenberg raises target price to 30 euros from 29.33 euros   
     * Kaz Minerals Plc  KAZ.L : Jefferies raises target price to 200p; rating hold   
     * KINGSPAN  KSP.I : UBS raises target price to 27.5 euros from 25.5 euros; rating buy 
     * Logitech  LOGN.S : UBS cuts to neutral rating   
     * Logitech  LOGN.S : UBS raises price target to Sfr 22.5 from Sfr 20   
     * Mediclinic  MDCM.L : JP Morgan raises target price to 1160p from 1090p; rating neutral   
     * Mondi Plc  MNDI.L : Citigroup raises target price to 1650p; rating neutral   
     * Nestle SA  NESN.S : Berenberg raises target price to Sfr 86 from Sfr 81.50; rating buy   
     * Petkim  PETKM.IS : Deutsche Bank raises target price to Tl 4.6 from Tl 4.2; rating hold   
     * PostNL  PTNL.AS : Davy cuts to neutral   
     * Rio Tinto  RIO.L : Jefferies raises target price to 2800p; rating buy 
     * Sampo  SAMAS.HE : Credit Suisse cuts target to 36.29 euros from 37 euros; underperform   
     * South32  S32.L : Jefferies raises target price to 110p; rating hold 
     * Standard Life  SL.L : Jefferies raises price target to 388p from 332p; rating buy   
     * Telefonica Deutschland  O2Dn.DE : JP Morgan cuts target price to 3.90 euros; neutral   
     * Teleperformance SE  ROCH.PA : HSBC raises target price to 103 euros from 88 euros   
     * Topdanmark  TOP.CO : Credit Suisse cuts price target to Dkk 187 from Dkk 190; neutral   
     * Tullett Prebon Plc  TLPR.L : HSBC raises target price to 440p from 400p   
     * Tullow Oil  TLW.L : Barclays cuts price target to 310p from 320p; rating overweight   
     * Vedanta Resources Plc  VED.L : Jefferies raises target price to 400p   
  
 (Compiled by Geetha Panchaksharam in Bengaluru) 
 ((Bengaluru Newsroom: +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/