Europe Research Roundup: Volvo, STMicroelectronics, Alfa Laval

Deceuninck NV

13/10/2014 16:22

Oct 13 (Reuters) - Securities analysts revised their ratings and price targets on several 
European companies, including Associated British Foods and Infineon Technologies, on Monday.  
     
    HIGHLIGHTS 
    * STMicroelectronics  STM.PA : Morgan Stanley, JP Morgan downgrade the stock 
    * Associated British Foods  ABF.L : SocGen raises to buy from hold 
    * Infineon Technologies  IFXGn.DE : JP Morgan, Natixis downgrade the stock 
    * Randgold Resources Ltd  RRS.L : UBS raises to buy from neutral 
    * Alfa Laval  ALFA.ST : DNB raises to hold from sell; cuts target to Sek 145 from Sek 150 
       
Following is a summary of research actions on European companies reported by Reuters on Monday. 
Stock entries are in alphabetical order. See bottom of the table for sector changes.  
     
     
    * Aberdeen  ADN.L : UBS cuts price target to 465p from 500p; rating buy 
    * Aker Solutions  AKSOL.OL : UBS cuts price target to Nok 46 from Nok 60; rating sell 
    * Alfa Laval  ALFA.ST : Morgan Stanley cuts target price to Sek 154 from Sek 159 
    * Alfa Laval  ALFA.ST : DNB raises to hold from sell; cuts target to Sek 145 from Sek 150 
    * Amec  AMEC.L : UBS cuts price target to 1185p from 1215p; rating buy 
    * Anglo American Plc  AAL.L : Credit Suisse raises to outperform from neutral 
    * Anglo American Plc  AAL.L : Canaccord Genuity starts with buy rating 
    * Anima  ANIM.MI : UBS raises price target to 5 euros from 4.9 euros; rating buy 
    * Ansaldo STS  STS.MI : Natixis raises target price to 9.4 euros from 8 euros; rating buy 
    * Agrana Beteiligungs  AGRV.VI : Berenberg cuts price target to 80 euros from 86 euros; hold 
    * Arseus NV  RCUS.BR : Jefferies cuts price target to 46 euros from 51 euros; rating buy 
    * Ashmore  ASHM.L : UBS cuts price target to 315p from 345p; rating neutral 
    * AstraZeneca Plc  AZN.L : Jefferies raises to buy from hold 
    * AstraZeneca Plc  AZN.L : Jefferies raises price target to 5000p from 4500p 
    * Associated British Foods  ABF.L : SocGen raises to buy from hold 
    * Bayer AG  BAYGn.DE : Jefferies raises price target to 135 euros from 130 euros; rating buy 
    * BMW  BMWG.DE : Credit Suisse cuts target to 70 euros from 85 euros; rating underperform 
    * Bodycote Plc  BOY.L : Investec cuts price target to 750p from 775p; rating buy 
    * Brammer Plc  BRAM.L : Investec cuts price target to 400p from 435p; rating buy 
    * Chr Hansen  CHRH.CO : SocGen cuts target price to Dkk 240 from Dkk 245; rating hold 
    * Credit Agricole  CAGR.PA : Citigroup cuts target to 14.50 euros from 15 euros; rating buy 
    * Dairy Crest Group  DCG.L : Goldman Sachs cuts price target to 368p from 377p; rating sell 
    * Darty Plc  DRTY.L : Natixis cuts price target to 120p from 125p; rating buy 
    * Deceuninck  DECB.BR : KBC cuts target price to 2.10 euros from 2.20 euros; rating hold 
    * Dialight Plc  DIAL.L : Investec cuts to sell from hold; target price to 850p from 910p 
    * Domino Printing Sciences  DOPR.L : Investec cuts target price to 615p from 650p; add 
    * Eagle Eye  EYE.L : Panmure starts with 229p 
    * Elisa  ELI1V.HE : Berenberg cuts price target to 17 euros from 18 euros; rating hold 
    * Fenner Plc  FENR.L : Investec cuts price target to 270p from 320p; rating sell 
    * Ferrexpo Plc  FXPO.L : Cantor cuts price target to 120p from 250p; rating buy 
    * Gerresheimer AG  GXIG.DE : ESN/Equinet cuts price target to 43 euros from 45 euros; hold 
    * Gerresheimer AG  GXIG.DE : Kepler Cheuvreux raises to hold from reduce 
    * Gerresheimer AG  GXIG.DE : Kepler Cheuvreux cuts target price to 42.5 euros from 48 euros 
    * Gerresheimer AG  GXIG.DE : Commerzbank cuts target to 43 euros from 46 euros; rating hold 
    * Givaudan SA  GIVN.VX : Nomura raises price target to 1664p from 1622p; rating buy 
    * GKN Plc  GKN.L : Investec raises to buy from add; cuts price target to 330p from 380p 
    * Glencore  GLEN.L : Canaccord Genuity starts with buy rating 
    * GlaxoSmithKline Plc  GSK.L : Jefferies raises price target to 1400p from 1385p; hold 
    * Halma  HLMA.L : Investec cuts target price to 630p from 635p; rating buy 
    * Hellermanntyton  HTY.L : Investec cuts target price to 300p from 305p; rating hold 
    * Henderson  HGGH.L : UBS cuts price target to 230p from 225p; rating buy 
    * IMI Plc  IMI.L : Investec cuts price target to 1425p from 1560p; rating buy 
    * Infineon  IFXGn.DE : Morgan Stanley cuts target to 6 euros from 7.40 euros; underweight 
    * Infineon  IFXGn.DE : Natixis cuts to neutral from buy 
    * Infineon  IFXGn.DE : Natixis cuts price target to 7. euros from 10.5 euros 
    * Infineon  IFXGn.F : JP Morgan cuts to neutral from overweight 
    * Infineon  IFXGn.F : JP Morgan cuts target price to 6 euros from 10 euros 
    * Intralot  INLr.AT : ESN/IBG cuts to hold from accumulate  
    * Intralot  INLr.AT : ESN/IBG cuts price target to 1.70 euros from 2.40 euros 
    * Jupiter Fund Management  JUP.L : Besi Research cuts fair value to 469p from 489p; buy 
    * Jupiter Fund Management  JUP.L : JP Morgan cuts target price to 400p from 465p; overweight 
    * Kion  KGX.DE : Morgan Stanley cuts target price to 33 euros from 34 euros 
    * Klovern AB  KLOV.ST : Carnegie raises to buy from hold 
    * Klovern AB  KLOV.ST : Carnegie raises price target to Sek 40 from Sek 38 
    * Kuehne & Nagel  KNIN.VX : JP Morgan raises target to Sfr 114 from Sfr 103; underweight 
    * Kuehne + Nagel International  KNIN.VX : RBC raises target to Sfr 135; sector perform 
    * Kungsleden AB  KLED.ST : Carnegie raises to buy from hold 
    * Laird  LRD.L : Investec cuts target price to 250p from 260p; rating sell 
    * Latchways  LATC.L : Peel Hunt cuts target price to 750p from 980p; rating sell 
    * Legrand  LEGD.PA : Morgan Stanley cuts target price to 39.70 euros from 40.50 euros 
    * Lundbeck  LUN.CO : UBS cuts price target to Dkk 128 from Dkk 135; rating neutral 
    * Luxottica  LUX.MI : Kepler Cheuvreux cuts target price to 38 euros from 42 euros; hold 
    * Melrose  MRON.L : Investec raises price target to 335p from 332p; rating buy 
    * Metso  MEO1V.HE : Morgan Stanley cuts target price to 26 euros from 27 euros 
    * Molins  MLIN.L : Panmure cuts target price to 165p from 250p; rating buy 
    * Morgan Advanced Materials  MGAMM.L : Investec cuts price target to 335p from 345p; buy 
    * Munich Re  MUVGn.DE : Jefferies starts with hold 
    * N Brown Group Plc  BWNG.L : Jefferies cuts price target to 406p from 540p; rating buy 
    * N Brown Group Plc  BWNG.L : N+1 Singer cuts price target to 390p from 585p; rating buy 
    * National Grid  NG.L : Morgan Stanley raises target price to 920p from 860p 
    * Nexans  NEXS.PA : Morgan Stanley cuts target price to 28 euros from 37.50 euros 
    * Nexans  NEXS.PA : SocGen cuts target price to 33.5 euros from 43 euros; rating buy 
    * Novartis AG  NOVN.VX : Jefferies cuts price target to Sfr 99 from Sfr 103; rating buy 
    * Novo Nordisk A/S  NOVOb.CO : Jefferies raises price target to Dkk 290 from Dkk 280; hold 
    * Oriola-KD  OKDBV.HE : Handelsbanken raises rating to buy from reduce 
    * Oxford Instruments  OXIG.L : Investec cuts target price to 1405p from 1520p; rating buy 
    * Paragon Group  PARA.L : JP Morgan raises target price to 420p from 396p; rating overweight 
    * Pennon Group  PNN.L : Morgan Stanley raises target price to 830p from 785p 
    * Petrofac Ltd  PFC.L : UBS cuts price target