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

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13/01/2014 12:28

Jan 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Royal Dutch Shell and SAP, on Monday.  
     
    HIGHLIGHTS 
    * Accor  ACCP.PA : Jefferies raises to buy from hold 
    * 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        
    * Jeronimo Martins  JMT.LS : HSBC raises to overweight from neutral  ID:nWNAB0402F  
       
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
     
    * Accor  ACCP.PA : Jefferies raises to buy from hold; target to 41 euros from 35 euros  
    * Aegon  AEGN.AS : Morgan Stanley raises target to 8.20 from 7.70 euros; rating overweight 
    * African Barrick Gold  ABGL.L : Numis cuts to sell from hold  
    * AGEAS  AGES.BR : JP Morgan ups target to 40.61 euros from 37.84 euros; rating overweight 
    * Amara Mining  AMARA.L : Numis cuts target price to 30p from 45p; rating buy      
    * Antofagasta  ANTO.L : CIBC cuts price target to 900p from 1000p; rating sector performer  
    * Antofagasta Plc  ANTO.L : Numis cuts target price to 700p from 850p; rating hold  
    * Aurelius AG  AR4G.DE : Berenberg raises target to 30 euros from 23 euros; rating hold 
    * Aureus Mining  AUE.L : Numis cuts target price to 50p from 60p  
    * Avocet Mining  AVM.L : Numis cuts to hold from buy; cuts target price to 9p from 22p  
    * 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 
    * Betfair Group  BETF.L : Credit Suisse cuts to neutral from outperform 
    * Betfair Group  BETF.L : Credit Suisse cuts price target to 1085p from 1185p 
    * Bilfinger  GBFG.DE : HSBC raises to overweight from underweight 
    * Bilfinger  GBFG.DE : HSBC raises target price to 100 euros from 67 euros 
    * BP Plc  BP.L : Barclays cuts target price to 550p from 560p; rating underweight  
    * Carrefour  CARR.PA : HSBC raises target to 25 euros from 22 euros; rating underweight  
    * Cineworld Group  CINE.L : N+1 Singer raises to buy from hold 
    * Cineworld Group  CINE.L : N+1 Singer raises price target to 500p from 376p 
    * Centamin Egypt  CEE.UL : Numis cuts target price to 60p from 70p  
    * Chaarat Gold Holdings  CGH.L : Numis cuts target price to 25p from 30p 
    * Croda International  CRDA.L : Berenberg cuts price target to 2850p from 3100p; rating buy 
    * DAMAC Real Estate  DMCq.L : Deutsche Bank starts with buy; price target $16.90 
    * 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 
    * Endesa  ELE.MC : Exane BNP Paribas raises target by 5 pct to 22 euros; rating neutral  
    * Enel  ENEI.MI : Exane BNP Paribas raises to outperform from underperform 
    * Enel  ENEI.MI : Exane BNP Paribas raises price target to 3.85 euros from 2.85 euros  
    * Enel Green  EGPW.MI : Exane BNP Paribas ups target by 9pct to 1.75 euros; underperform 
    * Erste Group  ERST.VI : Barclays raises target to 29.80 from 27 euros; rating equal weight 
    * Energa  ENGP.WA : JP Morgan starts with overweight; price target Pln 19  
    * Energa  ENGP.WA : UBS starts with buy; price target Pln 17.50 
    * Fresnillo Plc  FRES.L : Numis raises to buy from add; cuts target price to 10p from 11p    
  
    * Ferrexpo plc  FXPO.L : Numis raises target price to 190p from 170p; rating hold  
    * First Quantum Minerals  FQM.L : Numis cuts to add from buy  
    * Gerry Weber  GWIG.DE : Exane BNP Paribas raises to outperform from neutral 
    * GERRY WEBER  GWIG.DE : EXANE BNP paribas raises price target by 18 percent to 40 euros 
    * Hays PLC  HAYS.L : Barclays raises target price to 155p from 120p; rating overweight 
    * Hellenic Petroleum  HEPr.AT : Wood company starts with sell; target 6.7 euros 
    * Highland Gold Mining  HGM.L : Numis cuts target price to 80p from 110p  
    * Hochschild Mining  HOCM.L : Numis cuts target price to 120p from 180p  
    * Infinis Energy  INFII.L : Deutsche Bank starts with hold; price target 265p 
    * Intercontinental  IHG.L : Jefferies cuts to underperform from hold 
    * Intercontinental  IHG.L : Jefferies cuts price target to 1650p  
    * Iliad  ILD.PA : JP Morgan cuts target to 205 euros from 215 euros; rating overweight 
    * Jeronimo Martins  JMT.LS : HSBC raises to overweight from neutral  
    * Kazakhmys Plc  KAZ.L : Numis cuts to sell from hold  
    * Komercni Banka  BKOM.PR : Barclays cuts target to CZk 4700 from CZk 4750; equal weight 
    * Kuoni Reisen Holding  KUNN.S : UBS raises to buy from neutral 
    * Kuoni Reisen Holding  KUNN.S : UBS raises price target to Sfr 500 from Sfr 365 
    * Laird PLC  LRD.L : UBS cuts to neutral from buy; raises price target to 305p from 255p 
    * 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 
    * Marriott  MAR.O : Jefferies cuts to underperform  
    * Metro  MEOG.DE : HSBC raises to neutral from underweight  
    * Motor Oil Hellas  KMORr.AT : Wood Company starts with buy; target 12.3 euros  
    * Meyer Burger  MBTN.S : Credit Suisse raises to outperform from neutral  
    * Meyer Burger  MBTN.S : Credit Suisse raises target price Sfr 17.0 from Sfr 7.5 
    * Millennium & Copthorne  MLC.L : Jefferies ups target to 550p from 510p; rating hold 
    * Neste Oil  NES1V.HE :Barclays cuts target to 15.50 euros from 16 euros;rating underweight 
    * Ocado Group  OCDO.L : HSBC raises target price to 235p from 200p; rating underweight 
    * PKO  PKO.WA : Barclays raises target to Pln 43.10 from Pln 39.60;rating equal weight 
    * Randgold Resources  RRS.L : Numis cuts target price to 50p from 60p  
    * 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   
    * Serco Group  SRP.L : Credit Suisse ups target to 580p from 500p; rating outperform   
    * Somfy  DAMA.PA : SocGen raises target price to 239 euros from 223 euros; rating 
    * SSE PLC  SSE.L : Exane BNP Paribas cuts to neutral from outperform 
    * SSE PLC  SSE.L : Exane BNP Paribas cuts price target by 21 percent to 1420p 
    * Telekom Austria  TELA.VI : UBS raises to buy from neutral 
    * Telekom Austria  TELA.VI : UBS raises price target to 7 euros from 6.20 euros  
    * 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  
    * Whitbread Plc  WTB.L : Jefferies raises price target to 3600p from 2700p ;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/