Europe Research Roundup: BASF, Heineken, Hermes, Subsea 7

Deceuninck NV

27/10/2014 15:23

Oct 27 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Subsea 7, BASF and Ericsson, on Monday.  
         
    HIGHLIGHTS 
    * BASF  BASFn.DE : Credit Suisse, JP Morgan, Citigroup cut target price on the stock 
    * Heineken  HEIN.AS : JP Morgan raises to neutral from underweight 
    * Hermes  HRMS.PA : Natixis raises to buy from reduce; target to 278 euros from 207 euros 
    * Subsea 7  SUBC.OL : Credit Suisse raises to outperform from neutral 
    * Ericsson  ERICb.ST : ESN/Pohjola cuts to hold from accumulate 
               
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order.  
               
    * 4imprint  FOUR.L : WH Ireland raises target price to 875p from 800p; rating buy 
    * A2A  A2.MI : Citigroup raises to buy from sell; target price to 1.05 euros from 0.72 euros 
    * African Barrick  ABGL.L : HSBC cuts price target to 310p from 330p; rating overweight 
    * Ahlstrom  AHL1V.HE : ESN/Pohjola raises target to 7.40 euros from 7 euros; rating hold 
    * Ahlstrom  AHL1V.HE : Kepler Cheuvreux raises to buy from reduce 
    * Air France KLM   AIRF.PA : Morgan Stanley cuts target to 7.95 euros; rating equal weight  
    * Air Liquide  AIRP.PA : S&P Capital IQ cuts target to 94 euros from 95.45 euros;rating hold 
    * Akastor  AKAS.OL : Credit Suisse cuts target price to Nok 22 from Nok 28; rating neutral 
    * Aker Solutions  AKSOL.OL : Credit Suisse cuts target price to Nok 56 from Nok 70; neutral 
    * Anheuser-Busch Inbev  ABI.BR : SocGen cuts target to 84 euros from 87 euros; rating hold 
    * Aquarius Platinum  AQP.L : UBS raises target price to 25p from 23p; rating buy 
    * Armadale Capital  ACPA.L : Finncap raises target price to 0.37P from 0.18P 
    * Banco Popolare  BAPO.MI : UBS raises to buy from neutral; target to 15 euros from 14 euros 
    * BASF  BASFn.DE : Credit Suisse cuts price target to 65 euros from 68.5 euros; underperform 
    * BASF  BASFn.DE : JP Morgan cuts price target to 61 euros from 67 euros; rating underweight 
    * BASF  BASFn.DE : Citigroup cuts target price to 75 euros from 82 euros; rating neutral 
    * BCP  BCP.LS : UBS cuts price target to 0.1 eur from 0.12 eur; rating neutral 
    * Buzzi Unicem  BZU.MI : Jefferies raises target to 17.50 euros from 17.40 euros; rating buy 
    * Caixabank SA  CABK.MC : JP Morgan cuts target to 5.05 euros from 5.25 euros; overweight 
    * Deceuninck  DECB.BR : ING cuts price target to 2 euros from 2.05 euros; rating hold 
    * Dechra Pharmaceuticals  DECP.L : Finncap raises target price to 840p from 800p 
    * easyJet  EZJ.L : Morgan Stanley raises target price to 1,665p from 1,650p  
    * Ericsson  ERICb.ST : ESN/Pohjola cuts to hold from accumulate 
    * Erste Bank  ERST.VI : JP Morgan raises to overweight from neutral 
    * Erste Bank  ERST.VI : JP Morgan raises price target to 25 euros from 21 euros 
    * EuroBank  EURBr.AT : Citigroup raises to buy from neutral; target to 0.38 euros from 0.31 
    * Fresenius SE & Co Kgaa  FREG.DE : Berenberg ups target to 46 euros from 43.33 euros; buy 
    * Fresnillo  FRES.L : HSBC cuts price target to 1010p from 1120p; rating overweight 
    * Fugro  FUGRc.AS : ESN/ SNS Securities raises to buy from reduce 
    * Gazprom  GAZPq.L : Credit Suisse cuts target to $6.20 from $6.50; rating underperform  
    * GDF Suez  GSZ.PA : SocGen raises target price to 20 euros from 16 euros; rating hold  
    * GlaxoSmithKline Plc  GSK.L : UBS cuts target price to 1250p from 1380p; rating sell 
    * Heineken  HEIN.AS : JP Morgan raises to neutral from underweight; price target to 56 euros 
    * Herencia Resources  HERS.L : WH Ireland cuts target to 0.8P from 1.1p; speculative buy 
    * Hermes  HRMS.PA : Natixis raises to buy from reduce; target to 278 euros from 207 euros 
    * Hochschild  HOCM.L : HSBC cuts target price to 160p from 170p; rating overweight 
    * Imerys  IMTP.PA : SocGen raises to buy from hold rating 
    * Indra  IDR.MC : JP Morgan cuts target to 10.50 euros from 13.50 euros; rating neutral 
    * Informa  INF.L : SocGen cuts target price to 500p from 540p; rating hold 
    * International Personal Finance  IPF.L : Citigroup cuts target to 625p from 650p;rating buy 
    * Lloyds Banking  LLOY.L : Jefferies cuts to underperform from hold 
    * Lufthansa AG   LHAG.DE : Morgan Stanley cuts target to 11.10 euros; rating underweight   
    * Lukoil  LKOHyq.L : SocGen cuts target price to $62 from $72; rating buy 
    * Maintel  MAIH.L : Finncap raises target price to 700p from 680p 
    * Metso  MEO1V.HE : Kepler Cheuvreux cuts target to 29 euros from 31 euros; rating hold 
    * Michelin  MICP.PA : Berenberg cuts target price to 80 euros from 95 euros; rating buy 
    * Morgan Sindall  MGNS.L : Peel Hunt cuts target price to 750p from 800p; rating hold 
    * MPS  BMPS.MI : UBS cuts price target to 1 eur from 1.3 eur; rating neutral 
    * Nutreco  NUO.AS : RABOBANK raises target price to 42.50 euros from 40 euros; rating hold 
    * Pearson  PSON.L : Nomura raises target price to 980p from 950p; rating reduce 
    * Pearson  PSON.L : S&P Capital IQ cuts target price to 1040p from 1070p; rating sell 
    * Pandora  PNDORA.CO : JP Morgan raises target to Dkk 565 from Dkk 515; rating overweight  
    * Polymetal  POLYP.L : HSBC cuts target price to 720p from 780p 
    * Poyry  POY1V.HE : ESN/Pohjola cuts target price to 3.40 euros from 4 euros; rating reduce 
    * Premier Foods  PFD.L : UBS cuts price target to 33p from 50p; rating neutral 
    * Rezidor  REZT.ST : Natixis cuts target price to 48 Sek from 51 Sek; rating buy 
    * Richemont SA  CFR.VX : Barclays cuts target to Sfr 100 from Sfr 103; rating overweight  
    * Rolls-Royce  RR.L : Citigroup cuts target price to 850p from 1038p; rating neutral 
    * RusHydro  HYDR.MM : OTKRITIE Capital raises target by 4 percent to 0.74 Roubles; hold 
    * Ryanair  RYA.I : Morgan Stanley raises target price to 9.13 euros from 9.10 euros 
    * Saint Gobain  SGOB.PA : Credit Suisse cuts target to 42 euros from 48 euros; outperform 
    * Saint Gobain  SGOB.PA : HSBC cuts target price to 36 euros from 44 euros; rating neutral 
    * Saint Gobain  SGOB.PA : Bernstein cuts target to 46 euros from 48 euros; rating outperform 
    * Saipem  SPMI.MI : Credit Suisse cuts target price to 15 euros from 18 euros; underperform 
    * Salvatore Ferragamo  SFER.MI : Deutsche Bank cuts target to 20.50 euros from 21 euros;hold 
    * Salvatore Ferragamo  SFER.MI : Barclays cuts target to 25 euros from 26 euros; overweight 
    * Shire  SHP.L : Deutsche Bank raises price target to 4850p from 4550p; rating buy 
    * Spectris  SXS.L : JP Morgan cuts price target to 2,050p from 2,250p; rating neutral 
    * Stockmann  STCBV.HE : Kepler Cheuvreux cuts target to 8.6 euros from 11 euros; rating hold 
    * Subsea 7  SUBC.OL : Credit Suisse raises to outperform from neutral 
    * Subsea 7  SUBC.OL : Credit Suisse cuts target price to Nok 125 from Nok 144 
    * SGS  SGSN.VX : Jefferies cuts price target to Sfr 2300 from Sfr 2350; rating buy 
    * Shire  SHP.L : Jefferies cuts price target to 4,700p from 5,200p; rating buy 
    * Shire  SHP.L : Citigroup raises price target to 4900p from 4700p; rating buy 
    * Spectris  SXS.L : Morgan Stanley cuts price target to 2140p from 2300p; rating overweight 
    * Spectris  SXS.L : N+1 Singer cuts target price to 1840p from 2050p ; rating hold 
    * SSAB  SSABa.ST : S&P Capital IQ raises to buy from sell; target to Sek 59 from Sek 50 
    * Straumann  STMN.S : Bernstein raises target price to Sfr 224 from Sfr 220; market-perform 
    * Straumann  STMN.S : Berenberg raises price target to Sfr 240 from Sfr 235; rating hold 
    * Swedish Match  SWMA.ST : Barclays raises price target to Sek 202; rating underweight 
    * Technip  TECF.PA : Credit Suisse cuts target price to 72 euros from 92 euros; outperform 
    * Tod's SpA  TOD.MI : Barclays cuts target to 69.50 euros from 79.50 euros; underweight  
    * Trevi  TFI.MI : ESN/Banca Akros raises to accumulate from hold 
    * Vesuvius  VSVS.L : Morgan Stanley cuts price target to 410p from 426p; rating underweight 
    * Volvo  VOLVb.ST : Natixis cuts target price to 91 Sek from 93 Sek; rating neutral 
    * Volvo  VOLVb.ST : Citigroup raises target price to Sek 100 from Sek 95; rating buy 
    * Volvo  VOLVb.ST : JP Morgan raises target price to Sek 82 from Sek 81; rating neutral 
    * Xeros  XSG.L : Jefferies cuts price target to 140p from 164p; rating buy 
 
 (Compiled by Fareha Khan and Jai Ganesh in Bangalore) 
 ((fareha.khan@thomsonreuters.com; within U.S. +1 646 223 8780 outside U.S. +91 80 6749 1130; 
Reuters Messaging: fareha.khan.thomsonsonreuters.com@reuters.net)) 
 
Keywords: RESEARCH EUROPE/