EUROPE RESEARCH ROUNDUP: Accor, Red Electrica, SAP, BP Plc, Jeronimo Martins

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13/01/2014 11:44

Jan 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Royal Dutch Shell and SAP, on Monday.  
     
    HIGHLIGHTS 
    * BP Plc  BP.L : Barclays cuts target price to 550p from 560p; rating underweight  
    * Red Electrica  REE.MC : SocGen raises to hold from sell  
    * SAP  SAPG.DE : Jefferies raises target to 66 euros from 60 euros; rating hold         
       
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
     
    * Aegon  AEGN.AS : Morgan Stanley raises target to 8.20 from 7.70 euros; rating overweight 
    * AGEAS  AGES.BR : JP Morgan ups target to 40.61 euros from 37.84 euros; rating overweight 
    * Antofagasta  ANTO.L : CIBC cuts price target to 900p from 1000p; rating sector performer  
    * Aurelius AG  AR4G.DE : Berenberg raises target to 30 euros from 23 euros; rating hold 
    * Bank Pekao  PEO.WA : Barclays raises target to Pln 170.30 from Pln 157.10; underweight  
    * Banco Bilbao Vizcaya Argentaria  BBVA.MC : Barclays ups to overweight from equal weight  
    * Banco Bilbao Vizcaya Argentaria  BBVA.MC : Barclays ups target to 10.20 euros  
    * Banco De Sabadell  SABE.MC :Barclays ups target to 1.90 euros from 1.40 euros;underweight  
    * Banco Popular Espanol  POP.MC : Barclays ups target to 5.40 euros; rating equal weight  
    * Banco Santander  SAN.MC : Barclays ups target to 5.30 euros from 5.15 euros; underweight 
    * BP Plc  BP.L : Barclays cuts target price to 550p from 560p; rating underweight  
    * Croda International  CRDA.L : Berenberg cuts price target to 2850p from 3100p; rating buy 
    * Delta Lloyd  DLL.AS : ING raises price target to 21 euros from 18.50 euros; rating buy 
    * Deutsche Telekom  DTEGn.DE : JP Morgan raises target to 11.50 from 10.50 euros; neutral 
    * Erste Group  ERST.VI : Barclays raises target to 29.80 from 27 euros; rating equal weight  
    * Hays PLC  HAYS.L : Barclays raises target price to 155p from 120p; rating overweight 
    * Iliad  ILD.PA : JP Morgan cuts target to 205 euros from 215 euros; rating overweight 
    * Komercni Banka  BKOM.PR : Barclays cuts target to CZk 4700 from CZk 4750; equal weight 
    * Magnit  MGNTq.L : Barclays raises price target to $80.27 from $78.21; rating overweight   
    * Magnit  MGNT.MM : Barclays ups target to 12441.31 roubles; rating overweight 
    * Neste Oil  NES1V.HE :Barclays cuts target to 15.50 euros from 16 euros;rating underweight 
    * PKO  PKO.WA : Barclays raises target to Pln 43.10 from Pln 39.60;rating equal weight 
    * Rieter  RIEN.S : Credit Suisse raises to outperform from neutral  
    * Rieter  RIEN.S : Credit Suisse raises price target to Sfr 260 from Sfr 190 
    * Red Electrica  REE.MC : Morgan Stanley raises to equal-weight rating 
    * Red Electrica  REE.MC : SocGen raises to hold from sell  
    * Red Electrica  REE.MC : SocGen raises target price to 55.6 euros from 37 euros 
    * Royal Dutch Shell  RDSa.L : Barclays raises target to 2660p from 2650p; rating overweight  
    * SAP  SAPG.DE : Jefferies raises price target to 66 euros from 60 euros; rating hold  
    * Somfy  DAMA.PA : SocGen raises target price to 239 euros from 223 euros; rating  
    * Tritax  BBOXT.L : Jefferies starts with buy; price target 114p 
    * Tullow Oil  TLW.L : Barclays cuts target to 1490p from 1510p euros; rating overweight 
    * Vedanta Resources  VED.L : SocGen cuts target price to 955p from 1110p; rating hold  
    * Xaar PLC  XAR.L : Jefferies starts with buy; target 1265p 
 
  
 
 (Compiled by Rachel Chitra in Bangalore) 
 ((Bangalore Equities Newsdesk +91 80 6749 1130)(within)(U.S. +1 646 223 8780)) 
 
Keywords: RESEARCH EUROPE/