Europe Research Roundup: Henkel, AstraZeneca, Iliad, IAG
14/10/2014 16:23
Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Aeroports de Paris and Iliad, on Tuesday. HIGHLIGHTS * Henkel & Co KGaA AG HNKG_p.DE : BofA Merrill cuts to underperform from buy * AstraZeneca Plc AZN.L : BofA Merrill raises to buy from neutral * Iliad ILD.PA : Natixis, Kepler Cheuvreux, RBC, UBS upgrade the stock * Aeroports de Paris ADP.PA : Raymond James cuts to underperform from market perform * IAG ICAG.L : HSBC raises to overweight from neutral; raises target to 400p from 380p Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. * Ablynx NV ABLX.BR : Jefferies starts with buy rating * Ablynx NV ABLX.BR : Jefferies starts with price target 15 euros * Aeroports de Paris ADP.PA : Raymond James cuts to underperform from market perform * Air France KLM SA AIRF.PA : SocGen cuts target price to 6.7 euros from 9.1 euros; hold * AO World AO.L : Shore Capital raises to hold * ArcelorMittal ISPA.AS : Jefferies cuts price target to 13 euros; rating buy * Ashmore Group ASHM.L : Numis cuts price target to 355p from 369p; rating add * Ashmore Group ASHM.L : Canaccord Genuity raises to hold from sell rating * Associated British Foods ABF.L : Nomura raises to neutral from reduce * Associated British Foods ABF.L : Nomura raises target price to 2610p from 2480p * AstraZeneca Plc AZN.L : BofA Merrill raises to buy from neutral * AstraZeneca Plc AZN.L : BofA Merrill raises price target to 5000p from 4900p * Belgacom NV BCOM.BR : Jefferies raises price target to 23.60 euros; rating hold * Bellway BWY.L : Jefferies raises target price to 2447p from 2369p; rating buy * Bilfinger GBFG.DE : ESN/Equinet Bank raises to accumulate from hold rating * BKW AG BKWB.S : UBS cuts price target to Sfr 30 from Sfr 32; rating neutral * BT Group Plc BT.L : Deutsche Bank starts with hold rating; 410p target price * BTG Plc BTG.L : Deutsche Bank raises target price to 760p from 745p * Burberry BRBY.L : S&P Capital IQ cuts target price to 1520p from 1530p; rating hold * Cable & Wireless Communications CWC.L : Deutsche Bank starts with buy; price target 60p * Carpetright CATVU.L : Cantor cuts target price to 250p from 420p; rating sell * Citycon CTY1S.HE : SEB Equity Research raises to buy rating * Citycon CTY1S.HE : SEB Equity Research cuts target price to 2.75 euros from 2.90 euros * Colt Group SA COLT.L : Deutsche Bank starts with hold; price target 155p * Compugroup Medical COPMa.DE : HSBC raises target to 20.5 euros from 19.5 euros; neutral * Cyfrowy Polsat SA CPS.WA : UBS raises price target to Pln 30 from Pln 27; rating buy * Deceuninck NV DECB.BR : Ing cuts target price to 2.05 euros from 2.15 euros; rating hold * Diageo Plc DGE.L : Natixis cuts price target to 1950p from 2200p; rating buy * dotDigital DOTD.L : Finncap raises target price to 40p from 35p * EDP Renovaveis SA EDPR.LS : Citigroup raises target to 6.30 euros from 4.60 euros; buy * Enteq Upstream Plc NTQ.L : Investec cuts price target to 62p from 70p; rating buy * Essilor ESSI.PA : UBS raises target price to 93 euros from 89 euros; rating buy * Essentra Plc ESNT.L : Deutsche Bank cuts target price to 840p from 920p; rating buy * Essentra Plc ESNT.L : JP Morgan cuts price target to 802p from 906p; rating overweight * Eurazeo EURA.PA : UBS cuts target price to 65 euros from 70 euros; rating buy * EVS EVSB.BR : KBC cuts target price to 29 euros from 38 euros; rating hold * Fuchs Petrolub SE FPEG_p.DE : Berenberg cuts to hold from buy * Fuchs Petrolub SE FPEG_p.DE : Berenberg cuts price target to 28 euros from 31 euros * Galp Energia GALP.LS : Jefferies starts with buy rating; price target 14.80 euros * Gas Natural GAS.MC : Exane BNP Paribas cuts target to 25 euros from 27 euros; outperform * Generali GASI.MI : RBC starts with an outperform rating, 19 euro price target * Hargreaves Lansdown Plc HRGV.L : Numis cuts price target to 1181p from 1235p; rating buy * Henkel & Co KGaA AG HNKG_p.DE : BofA Merrill cuts to underperform from buy * Henkel & Co KGaA AG HNKG_p.DE : BofA Merrill cuts price target to 73 euros from 87 euros * Holcim Ltd HOLN.VX : BofA Merrill raises price target to Sfr 85 from Sfr 70; rating buy * IAG ICAG.L : HSBC raises to overweight from neutral; raises target to 400p from 380p * Iliad ILD.PA : Natixis raises to buy from neutral rating * Iliad ILD.PA : Natixis raises target price to 215 euros from 161 euros * Iliad ILD.PA : Berenberg cuts target price to 175 euros from 193 euros; rating buy * Iliad ILD.PA : Kepler Cheuvreux raises to hold from reduce * Iliad ILD.PA : Kepler Cheuvreux raises target price to 175 euros from 160 euros * Iliad ILD.PA : RBC raises to outperform from sector perform * Iliad ILD.PA : UBS raises to buy from neutral rating * Imagination Technologies IMG.L : N+1 Singer re-initiates coverage with buy; 220p target * Imerys IMTP.PA : UBS cuts target price to 29 euros from 32 euros; rating buy * Immunodiagnostic Systems Holdings Plc IDH.L : N+1 Singer raises to hold from sell * Ipsen IPN.PA : Barclays raises price target to 44 euros from 39 euros; rating overweight * Jupiter Fund Management JUP.L : SocGen cuts target price to 405p from 460p; rating buy * Jupiter Fund Management JUP.L : RBC cuts price target to 400p from 425p; sector perform * Kemira KRA1V.HE : SEB Equity Research raises to buy from hold rating * Kering SA PRTP.PA : Barclays cuts target price to 186 euros from 190 euros; overweight * Kloeckner KCOGn.DE : Jefferies cuts price target to 12 euros; rating buy * KPN NV KPN.AS : Morgan Stanley resumes coverage with overweight rating * KPN NV KPN.AS : Morgan Stanley resumes coverage with price target 2.90 euros * Kuehne + Nagel KNIN.VX : RBC raises target to Sfr 135 from Sfr 130; rating sector perform * Kuehne & Nagel KNIN.VX : JP Morgan raises target to Sfr 114 from Sfr 103; underweight * Lagardere LAGA.PA : UBS cuts price target to 19.50 euros from 24 euros; rating neutral * Lansdowne Oil & Gas Plc LOGP.L : Cantor Fitzgerald starts with buy rating; 86p target * Lufthansa LHAG.DE : Citigroup cuts target price to 18.50 euros from 21 euros; rating buy * Merlin Properties MRL.MC : Morgan Stanley starts with overweight * Merlin Properties MRL.MC : Morgan Stanley starts with price target 11.60 euros * Michael Page International MPI.L : Canaccord Genuity cuts target to 480p from 500p; buy * Michael Page International MPI.L : Investec cuts target to 390p from 469p; rating hold * Modern Times Group MTGb.ST : Handelsbanken cuts target to Sek 240 from Sek 265;accumulate * Monte Paschi di Siena BMPS.MI : JP Morgan cuts target to 1.20euros from 1.30euros;neutral * Natixis SA CNAT.PA : Morgan Stanley assumes coverage with outperform rating * Natixis SA CNAT.PA : Morgan Stanley assumes coverage with price target 6.50 euros * Novartis AG NOVN.VX : Morgan Stanley raises target to Sfr 84 from Sfr 78; 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