Europe Research Roundup: Danone, Alstom, Fiat Chrysler, Hugo Boss
06/01/2015 23:13
Jan 6 (Reuters) - Securities analysts revised their ratings and price targets on several
European companies, including Indivior and Zurich Insurance, on Tuesday.
HIGHLIGHTS
* Ubisoft UBIP.PA : JP Morgan raises to overweight from neutral
* Zurich Insurance ZURN.VX : Berenberg raises to buy from hold; raises target to Sfr 348
* Danone SA DANO.PA : Barclays raises to overweight from underweight
* Paddy Power Plc PAP.I : Goldman Sachs, Nomura cuts to neutral from buy
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
* A.P.R. Energy Plc APREN.L : Morgan Stanley cuts target to 330p from 440p; equal weight
* Africa Oil AOIC.ST : Citigroup cuts price target to Sek 23 from Sek 37; rating buy
* Alstom ALSO.PA : JP Morgan cuts price target to 29.50 euros from 30.50 euros; neutral
* Aveva AVV.L : Panmure raises price target to 1913p from 1901p; rating hold
* Beiersdorf BEIG.DE : Barclays raises price target to 65 euros from 62 euros; underweight
* Betfair Group Plc BETF.L : Goldman Sachs raises price target to 1619p; rating buy
* BG BG.L : Credit Suisse cuts price target to 945p from 960p; rating underperform
* bpost NV BPOST.BR : JP Morgan raises price target to 21.60 euros from 20.50 euros;neutral
* Burberry Group Plc BRBY.L : HSBC raises price target to 1900p from 1800p; overweight
* Bwin.Party Digital BPTY.L : Morgan Stanley raises price target to 110p from 100p
* Cairn CNE.L : Citigroup raises price target to 207p from 196p; rating buy
* Carl Zeiss Meditec AFXG.DE : JP Morgan cuts target to 21.30euros from 23.20euros; neutral
* Carnival Plc CCL.L : Morgan Stanley raises price target to 3000p from 2800p
* CGG GEPH.PA : UBS cuts to sell from neutral; cuts price target to 3.75 euros from 9 euros
* CHR Hansen CHRH.CO : Goldman Sachs raises price target to Dkk 315 from Dkk 305
* CHR Hansen CHRH.CO : Goldman Sachs removes from Pan-Europe conviction buy list; keeps buy
* Coloplast A/S COLOb.CO : JP Morgan cuts to underweight from neutral
* Danone SA DANO.PA : Barclays raises price target to 62 euros from 50 euros
* Danone SA DANO.PA : Barclays raises to overweight from underweight
* Danone SA DANO.PA : Credit Suisse raises target to 48 euros from 46 euros; underperform
* Dunelm Group DNLM.L : Barclays cuts price target to 940p from 950p; rating equal weight
* Edenred SA EDEN.PA : Morgan Stanley cuts price target to 23 euros from 24 euros
* Edenred SA EDEN.PA : Morgan Stanley cuts to underweight from equal weight
* Endesa SA ELE.MC : UBS starts with buy; price target 18.5 euros
* Enel ENEI.MI : UBS cuts price target to 5 euros from 5.15 euros; rating buy
* Enel Green Power SpA EGPW.MI : RBC starts with outperform; price target 2.40 euros
* Enquest Plc ENQ.L : Citigroup cuts price target to 42p from 70p; rating neutral
* Enterprise Inns ETI.L : Morgan Stanley cuts price target to 130p from 200p
* Enterprise Inns ETI.L : Morgan Stanley cuts to equal weight from overweight
* Fenner FENR.L : JP Morgan cuts price target to 210p from 235p; rating underweight
* Fiat Chrysler FCHA.MI : Morgan Stanley ups target to 14 euros from 13 euros; overweight
* Fortum FUM1V.HE : UBS raises price target to 16 euros from 12.7 euros; rating sell
* Fresenius Medical Care FMEG.DE : JP Morgan ups target to 57 euros from 47 euros; neutral
* Galp GALP.LS : Credit Suisse cuts price target to 12.2 euros from 12.5 euros; neutral
* Gamesa GAM.MC : S&P Capital IQ raises to buy from hold
* Gas Natural GAS.MC : UBS raises price target to 19 euros from 18.5 euros; rating sell
* GBL GBLB.BR : ESN/Bank Degroof cuts price target to 79 euros from 81 euros; accumulate
* Genel Energy Plc GENL.L : Citigroup cuts price target to 900p from 955p; rating neutral
* Glanbia Plc GL9.I : BARCLAS raises price target to 14 euros from 12.50 euros; overweight
* Havas SA EURC.PA : HSBC cuts to neutral from overweight
* Havas SA EURC.PA : HSBC raises price target to 7.1 euros from 6.6 euros
* Henkel HNKG_p.DE : Barclays raises price target to 97 euros from 90 euros; overweight
* Home Retail HOME.L : Barclays raises price target to 190p from 180p; rating equal weight
* Hugo Boss AG BOSSn.DE : HSBC raises price target to 120 euros from 118 euros; overweight
* Hunting HTG.L : UBS cuts price target to 525p from 735p; rating neutral
* Indivior Plc INDV.L : Jefferies starts with hold
* Indivior Plc INDV.L : Jefferies starts with price target 150p
* Indivior INDV.L : Deutsche Bank starts with buy rating; price target of 180p
* InterContinental Hotels Group IHG.L : Morgan Stanley raises target to 3000p from 2700p
* J D Wetherspoon Plc JDW.L : Morgan Stanley cuts price target to 800p from 810p
* J D Wetherspoon Plc JDW.L : Morgan Stanley cuts to underweight from equal weight
* Kerry Group Plc KYGa.I : Barclays raises target to 62 euros from 57 euros; overweight
* Kuka KU2G.DE : ESN/Equinet cuts price target to 52 euros from 56 euros
* Kuka KU2G.DE : ESN/Equinet cuts to reduce from accumulate
* Ladbrokes Plc LAD.L : Nomura cuts price target to 95p from 110p; rating reduce
* L'Oreal SA OREP.PA : Barclays raises price target to 150 euros from 145 euros; overweight
* Lundin Petroleum LUPE.ST : Citigroup cuts price target to Sek 123 from Sek 139
* Lundin Petroleum LUPE.ST : Citigroup cuts to neutral from buy
* Marks & Spencer MKS.L : Barclays raises target to 350p from 345p; rating underweight
* Merlin Entertainments Plc MERL.L : Morgan Stanley raises price target to 440p from 430p
* Mitchells & Butlers Plc MAB.L : Morgan Stanley raises price target to 480p from 470p
* Mitchells & Butlers Plc MAB.L : Morgan Stanley raises to overweight from equal weight
* Nestle SA NESN.VX : Barclays cuts to equal weight from overweight
* Nestle SA NESN.VX : Barclays raises price target to Sfr 75 from Sfr 70
* Next Plc NXT.L : Barclays raises price target to 6600p from 6500p; rating equal weight
* Nyrstar SA NYR.BR : Goldman Sachs cuts to neutral from buy
* Nyrstar SA NYR.BR : Goldman Sachs raises price target to 3.20 euros
* Nyrstar SA NYR.BR : Goldman Sachs removes from Pan-Europe buy list
* OPAP OPAr.AT : Morgan Stanley raises price target to 11 euros from 9.5 euros
* OPAP OPAr.AT : Morgan Stanley raises to equal weight from underweight
* Ophir Energy Plc OPHR.L : Citigroup cuts price target to 142p from 195p; rating neutral
* Paddy Power Plc PAP.I : Goldman Sachs cuts to neutral from buy
* Paddy Power Plc PAP.I : Goldman Sachs raises price target to 70 euros from 59 euros
* Paddy Power Plc PAP.I : Goldman Sachs removes from Pan-Europe buy list
* Paddy Power Plc PAP.I : Morgan Stanley raises price target to 66 euros from 62 euros
* Paddy Power Plc PAP.I : Nomura cuts to neutral from buy
* Paddy Power Plc PAP.I : Nomura cuts price target to 66.20 euros from 67.30 euros
* Paddy Power Plc PAP.I : Morgan Stanley cuts to underweight from equal weight
* Petrofac Ltd PFC.L : SocGen cuts price target to 747p from 1000p; rating hold
* Petrofac Ltd PFC.L : UBS cuts price target to 725p from 1020p; rating neutral
* PGS PGS.OL : UBS cuts to sell from neutral; cuts price target to Nok 35 from Nok 40
* PostNL PTNL.AS : JP Morgan cuts price target to 3.95 euros from 4.50 euros; overweight
* Premier Oil PMO.L : Citigroup cuts to neutral from buy; price target to 188p from 298p
* Raiffeisen Bank RBIV.VI : SocGen cuts price target to 16.2 euros from 21.5 euros; buy
* Reckitt Benckiser Group Plc RB.L : Barclays cuts to underweight from equal weight
* Reckitt Benckiser Group Plc RB.L : Deutsche Bank cuts target to 5800p from 6000p; buy
* Rightmove Plc RMV.L : JP Morgan cuts price target to 2850p from 3030p; rating overweight
* Ryanair RYA.I : Deutsche Bank raises price target to 10.30 euros from 7.60 euros
* Sabanci SAHOL.IS : Credit Suisse raises target to Tl 12.02 from Tl 11.68; outperform
* Salamander Energy Plc SMDR.L : Citigroup cuts price target to 81p from 91p; neutral
* Salzgitter AG SZGG.DE : JP Morgan cuts target to 39 euros from 40.50 euros; overweight
* SCA SCAb.ST : Barclays starts with underweight; price target Sek 165
* Snam SRG.MI : UBS cuts to neutral from buy; price target to 4.25 euros from 4.55 euros
* Soco International SIA.L : Citigroup cuts price target to 286p from 327p; rating neutral
* Sodexo SA EXHO.PA : Morgan Stanley cuts to underweight from equal weight
* Sodexo SA EXHO.PA : Morgan Stanley raises price target to 82 euros from 80 euros
* Solid State Plc SSP.L : Morgan Stanley cuts to equal weight from overweight
* Swisscom AG SCMN.VX : Berenberg raises price target to Sfr 460 from Sfr 450; rating sell
* Terna TRN.MI : UBS raises price target to 3.4 euros from 3.3 euros; rating sell
* Thule Group AB THULE.ST : Goldman Sachs starts with neutral rating; price target Sek 95
* TomTom NV TOM2.AS : Rabobank raises price target to 7.40 euros from 7 euros; rating buy
* TomTom NV TOM2.AS : S&P Capital IQ raises to hold from sell
* Tui AG TUIT.L : Nomura starts with buy; price target 1362p
* Tullow Oil Plc TLW.L : Citigroup cuts price target to 406p from 567p; rating neutral
* Ubisoft UBIP.PA : JP Morgan raises to overweight from neutral
* Ubisoft UBIP.PA : JP Morgan raises price target to 18.50 euros from 11.50 euros
* Unibet UNIBsdb.ST : Morgan Stanley raises price target to Sek 425 from Sek 340
* Unilever NV UNc.AS : Barclays raises price target to 34 euros from 32 euros; equal weight
* Unilever Plc ULVR.L : Barclays raises price target to 2730p from 2600p; equal weight
* Vallourec SA VLLP.PA : S&P Capital IQ cuts price target to 22 euros from 42 euros; hold
* Valmet VALMT.HE : Berenberg cuts to hold from buy
* Valneva SE VLS.PA : Natixis cuts price target to 6.95 euros from 8.65 euros; rating buy
* Vastned Retail NV VASN.AS : Berenberg raises to buy from hold
* Vastned Retail NV VASN.AS : Berenberg raises price target to 42 euros from 40 euros
* Verbund AG VERB.VI : UBS raises to buy from neutral; target to 22 euros from 14.7 euros
* Weatherly International Plc WETI.L : Finncap starts coverage with 8.3P price target
* Whitbread Plc WTB.L : Morgan Stanley raises price target to 5000p from 4600p
* William Hill Plc WMH.L : Nomura cuts price target to 444p from 448p; rating buy
* Zurich Insurance ZURN.VX : Berenberg raises to buy from hold
* Zurich Insurance ZURN.VX : Berenberg raises price target to Sfr 348 from Sfr 280
(Compiled by Rachel Chitra, Geetha Panchaksharam and Zara Mascarenhas in Bengaluru)
((rachel.chitra@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 67496149;
Reuters Messaging: rachel.chitra.reuters.com@reuters.net))
Keywords: RESEARCH EUROPE/