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EUROPE RESEARCH ROUNDUP-Siemens, Euromoney Institutional, Almirall

Published 05/03/2016, 10:02 am
© Reuters.  EUROPE RESEARCH ROUNDUP-Siemens, Euromoney Institutional, Almirall
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March 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ABB Ltd, Almirall and Siemens , on Friday.

HIGHLIGHTS

* Cobham Plc COB.L : JP Morgan cuts to neutral from overweight

* Siemens AG SIEGn.DE : Goldman Sachs (NYSE:GS) raises to buy from neutral

* Associated British Foods ABF.L : Barclays cuts to equal weight from overweight

* Euromoney Institutional ERM.L : Canaccord Genuity raises to buy from hold

* Almirall ALM.MC : Kepler Cheuvreux raises to buy from hold

Following is a summary of research actions on European companies reported by Reuters on Friday. Stock entries are in alphabetical order.

* Aalberts AALB.AS : ING raises price target to 30.50 euros from 30 euros

* ABB Ltd ABBN.VX : Goldman Sachs raises target price to Sfr 17 from Sfr 15.5

* ABB Ltd ABBN.VX : Nomura cuts price target to Sfr 16 from Sfr 18

* ABB Ltd ABBN.VX : Nomura cuts to reduce from neutral

* Acacia Mining Plc ACAA.L : Deutsche Bank raises target price to 350p

* ACS ACS.MC : UBS cuts target price to 26.4 euros from 26.5 euros; rating neutral

* ACS ACS.MC : Societe Generale (PA:SOGN) cuts price target to 35.9 euros from 38.1 euros

* Adidas AG ADSGn.DE : Barclays raises target to 100 euros from 85 euros; equal weight

* Adidas AG ADSGn.DE : UBS raises target price to 107 euros from 98 euros; rating buy

* Adidas AG ADSGn.DE : ESN/Equinet Bank raises target to 108 euros from 102 euros; buy

* Adidas AG ADSGn.DE : Exane BNP Paribas (PA:BNPP) raises target price to 110 euros from 105 euros

* Adidas AG ADSGn.DE : UBS raises target price to 107 euros from 98 euros; rating buy

* Admiral Group Plc ADML.L : Bernstien raises target price to 2000p from 1750p

* Admiral Group Plc ADML.L : Deutsche Bank raises price target to 1750p from 1515p; hold

* Airbus Group (PA:AIR) SE AIRG.DE : DZ Bank cuts target to Eur 72.00 from Eur 74.00; rating buy

* Alfa Laval AB ALFA.ST : Goldman Sachs cuts target price to Sek 115 from Sek 125

* Alior Bank SA ALRR.WA : SocGen raises target price to Pln 73.4 from Pln 72.7; rating buy

* Almirall ALM.MC : Jefferies cuts target price to 18 euros from 20 euros; rating hold

* Almirall ALM.MC : Kepler Cheuvreux raises to buy from hold

* Almirall ALM.MC : Kepler Cheuvreux raises target price to 18.5 euros from 17.5 euros

* Alstom ALSO.PA : Goldman Sachs cuts target price to 23 euros from 26 euros

* Andritz AG ANDR.VI : Jefferies cuts target price to 51 euros from 53 euros; rating hold

* Arkema SA AKE.PA : Credit Suisse cuts target to 65.5 euros from 66.5 euros; outperform

* Arkema SA AKE.PA : SocGen cuts target price to 68 euros from 70 euros; rating hold

* ARM Holdings Plc ARM.L : Stifel cuts to hold from buy

* Assa Abloy AB ASSAb.ST : Kepler Cheuvreux cuts target to Sek 181 from Sek 187;rating hold

* Assa Abloy AB ASSAb.ST : Goldman Sachs cuts target price to Sek 182 from Sek 188

* Associated British Foods ABF.L : Barclays cuts to equal weight from overweight

* Associated British Foods ABF.L : Barclays raises price target to 3400p from 3300p

* Atlas Copco AB ATCOa.ST : Goldman Sachs cuts target price to Sek 150 from Sek 155

* Axel Springer SPRGn.DE : Nomura cuts target to 55 euros from 59 euros; rating neutral

* Axel Springer SPRGn.DE : Barclays ups target to 44.50 euros from 42.50 euros; underweight

* Banco De Sabadell SABE.MC : Berenberg cuts target to eur 1.20 from eur 1.40; rating sell

* Barclays BARC.L : Berenberg cuts target price to 170p from 200p; rating hold

* Barclays BARC.L : Deutsche Bank cuts to hold from buy; cuts target to 180p from 255p

* Barclays BARC.L : Nomura cuts target price to 210p from 255p; rating buy

* BBA Aviation Plc BBA.L : Investec raises target price to 235p from 225p; rating buy

* BHP Billiton Plc BLT.L : Investec raises target price to 739p from 591p; rating sell

* Bouygues BOUY.PA : Nomura raises target price to 41 euros from 36 euros; rating neutral

* BT Group Plc BT.L : Goldman Sachs reinstate with buy; price target 640p

* Bunzl Plc BNZL.L : Berenberg raises target price to 1,520p from 1,440p; rating sell

* Bunzl Plc BNZL.L : Exane BNP Paribas raises target by 5 pct to 2200p; rating neutral

* Capital & Regional CAL.L : Peel Hunt cuts to add from buy

* Cineworld Group Plc CINE.L : UBS starts with sell rating; 490p target price

* Clariant AG CLN.VX : Helvea Baader cuts target price to Sfr 21 from Sfr 23; rating buy

* Cobham Plc COB.L : Barclays cuts target price to 270p from 330p; rating equal weight

* Cobham Plc COB.L : Deutsche Bank cuts target price to 235p from 260p; rating sell

* Cobham Plc COB.L : JP Morgan cuts to neutral from overweight

* Cobham Plc COB.L : JP Morgan cuts price target to 255p from 305p

* Cobham Plc COB.L : RBC cuts target price to 260p from 300p; rating sector perform

* Cobham Plc COB.L : SocGen cuts target price to 260p from 310p; rating hold

* Coca Cola HBC CCH.L : Goldman Sachs raises to neutral; removes from Pan-Europe sell list

* Coltene Holding AG CLTN.S : Vontobel raises target to Sfr 68 from Sfr 65; rating hold

* Continental AG CONG.DE : Credit Suisse cuts target to 189 euros from 191 euros; neutral

* Continental AG CONG.DE : SocGen cuts target to 215 euros from 225 euros; rating hold

* Costain Group Plc COSG.L : Liberum raises target price to 450p from 420p; rating buy

* Credit Agricole SA CAGR.PA : HSBC cuts target to 13.1 euros from 14.7 euros; rating buy

* Credit Suisse Group AG CSGN.VX : SocGen cuts target to Sfr 12 from Sfr 17; rating sell

* CRH CRH.L : Numis raises target price to 2230p; rating add

* CRH Plc CRH.I : Berenberg raises target price to 30 euros from 29 euros; rating buy

* CRH Plc CRH.I : UBS raises target price to 2225p from 2180p; rating buy

* Dart Group Plc DTG.L : Canaccord Genuity raises target to 710p from 600p; rating buy

* Dassault Aviation SA AVMD.PA : ESN/CIC Market Solutions raises to buy from neutral

* De Longhi SpA DLG.MI : Kepler Cheuvreux cuts target to 25 euros from 26 euros; rating buy

* Deutsche Bank AG DBKGn.DE : Independent Research raises target to eur 18.00; rating hold

* Diageo Plc DGE.L : Exane BNP Paribas raises target price by 3 pct to 2050p

* Direct Line Insurance DLGD.L : Credit Suisse raises target to 395p from 360p; neutral

* Domino's Pizza Group DOM.L : Canaccord Genuity raises target 1150p from 1100p; hold

* Domino's Pizza Group DOM.L : Credit Suisse raises target to 1210p from 1100p; outperform

* Duerr AG DUEG.DE : BHF Bank raises target to 56.5 euros from 48 euros; market weight

* EDP Energias de Portugal SA EDP.LS : Societe Generale cuts to sell from hold;

* EDP Energias de Portugal SA EDP.LS : Societe Generale cuts target to 2.60 euros

* Edp Renovaveis SA EDPR.LS : UBS raises target to 8.5 euros from 7.5 euros; rating buy

* Elementis Plc ELM.L : Numis cuts to hold from add; cuts target price to 248p

* Elisa ELI1V.HE : Nomura raises target price to 27.50 euros from 27 euros; rating neutral

* Endesa SA ELE.MC : Societe Generale raises to buy from hold

* Enka Construction ENKAI.IS : Oyak Securities cuts to Marketperform

* Enka Construction ENKAI.IS : Oyak Securities cuts target price to Tl 5.80 from Tl 6

* Entertainment One Ltd ETO.L : Investec cuts target price to 244p from 267p ; rating buy

* Euromoney Institutional ERM.L : Canaccord Genuity raises to buy from hold

* Euromoney Institutional ERM.L : Canaccord Genuity raises price target to 1100p from 1050p

* Evonik EVKn.DE : UBS cuts target price to 29 euros from 31 euros; rating neutral

* Evonik Industries AG EVKn.DE : Credit Suisse cuts target to 25.5 euros from 29.5 euros

* Evonik Industries AG EVKn.DE : Independent Research cuts target to eur 28.00; rating hold

* Evonik Industries AG EVKn.DE : Kepler Cheuvreux cuts target to 30 euros from 38 euros;buy

* Evonik Industries AG EVKn.DE : SocGen cuts target to 33 euros from 42 euros; rating buy

* Evonik Industries EVKn.DE : Deutsche Bank cuts target price to 29 euros

* FLSmidth & Co FLS.CO : Goldman Sachs cuts target price to Dkk 200 from Dkk 230

* FLSmidth & Co FLS.CO : Goldman Sachs cuts to sell from neutral

* FCC FCC.MC : Kepler Cheuvreux cuts target price to 7.5 euros from 7.55 euros; rating buy

* Fresnillo Plc FRES.L : Deutsche Bank cuts to sell from hold; raises target price to 750p

* Geberit Holding GEBN.VX : Goldman Sachs raises target price to Sfr 420 from Sfr 385

* Genel Energy Plc GENL.L : Credit Suisse cuts target to 90p from 100p; rating neutral

* Genel Energy Plc GENL.L : JP Morgan cuts price target to 237p from 248p

* Heijmans NV HEIJ.AS : ING raises target price to 13.50 euros from 11.50 euros; rating buy

* Hugo Boss BOSSn.DE : Barclays cuts target to 55 euros from 82 euros; rating equal weight

* Hunting Plc HTG.L : Canaccord Genuity raises target price to 300p from 225p; rating sell

* Iberdrola SA IBE.MC : Societe Generale cuts to hold from buy

* Iberdrola SA IBE.MC : Societe Generale cuts price target to 6.15 euros from 6.70 euro

* Inchcape Plc INCH.L : Deutsche Bank cuts target price to 825p from 845p; rating hold

* Indra IDR.MC : Goldman Sachs raises target to 13.5 euros from 11.5 euros; rating buy

* JcDecaux JCDX.PA : Barclays raises target to 37.50 euros from 35 euros; equal weight

* JcDecaux JCDX.PA : Nomura raises target price to 40 euros from 37 euros; rating neutral

* JcDecaux JCDX.PA : Berenberg raises target price to 40 euros from 39 euros; rating buy

* JcDecaux JCDX.PA : Deutsche Bank cuts to hold from buy

* JcDecaux JCDX.PA : Natixis raises target to 35 euros from 30 euros; rating neutral

* Jcdecaux JCDX.PA : Exane BNP Paribas raises to neutral from underperform

* Jcdecaux JCDX.PA : Exane BNP Paribas raises target price by 18 pct to 39 euros

* Jeronimo Martins SGPS SA JMT.LS : Exane BNP Paribas raises target by 7 pct to 15.5 euros

* Johnston Press JPR.L : Peel Hunt raises to reduce from sell;raises target to 27p from 10p

* Kingfisher Plc KGF.L : Stifel starts with buy; target price 415p

* KPN NV KPN.AS : Berenberg cuts price target to 3 euros from 3.20 euros

* Legrand LEGD.PA : Goldman Sachs cuts target price to 52 euros from 57 euros

* Loomis AB LOOMb.ST : Handelsbanken Capital Markets cuts to reduce from accumulate

* Loomis AB LOOMb.ST : Handelsbanken Capital Markets cuts target to Sek 240 from Sek 300

* Luxottica LUX.MI : Goldman Sachs cuts target to 43.8 euros from 53.7 euros; rating sell

* Luxottica LUX.MI : Kepler Cheuvreux cuts target to 52 euros from 54 euros; hold

* Luxottica LUX.MI : Goldman Sachs cuts target to 43.8 euros from 53.7 euros; rating sell

* Manitou Bf SA MANP.PA : Natixis cuts target to 17 euros from 18 euros; rating neutral

* Melrose MRON.L : JP Morgan raises target price to 360p from 355p; rating overweight

* Metso Oyj MEO1V.HE : Morgan Stanley (NYSE:MS) starts with underweight; target price 21 euros

* Moncler MONC.MI : Evercore ISI cuts target price to 18 euros from 22 euros; rating buy

* Moncler MONC.MI : Goldman Sachs raises target to 20.5 euros from 18.9 euros; rating buy

* Moncler MONC.MI : UBS raises target price to 17.20 euros from 16.50 euros; rating buy

* Moncler MONC.MI : Exane BNP Paribas cuts target by 6 pct to 15 euros; rating neutral

* Moncler MONC.MI : Kepler Cheuvreux raises target to 17.5 euros from 17 euros; buy

* Moscow Exchange MOEX.MM : HSBC raises target to 127 Roubles from 104 Roubles; rating buy

* Mytrah Energy Ltd MYT.L : Cantor raises target price to 130p from 123p

* Neste Oyj NESTE.HE : SocGen cuts to hold from buy

* Nestle NESN.VX : HSBC starts with hold rating; Sfr 73 price target

* Nexans NEXS.PA : Goldman Sachs raises target price to 54 euros from 49 euros

* NN Group NV NN.AS : Bernstein cuts target to 31 euros from 33.20 euros; market-perform

* Nord Gold NORDNq.L : Deutsche Bank raises to buy from hold; raises target price to $3.50

* Nos SGPS SA NOS.LS : Morgan Stanley cuts target price to 8.90 euros from 9.30 euros

* Novatek Oao NVTKq.L Deutsche Bank raises to buy from hold

* Novatek Oao NVTKq.L Deutsche Bank raises target price to $105 from $82.50

* Orange ORAN.PA : Nomura raises target price to 20 euros from 19.50 euros; rating buy

* Outotec OTE1V.HE : Goldman Sachs cuts target price to 2 euros from 3.2 euros

* Petrofac Ltd PFC.L : Citigroup (NYSE:C) cuts to neutral from buy

* Polymetal International Plc POLYP.L : Deutsche Bank raises target price to 550p

* Prysmian SpA PRY.MI : Goldman Sachs cuts target price to 19 euros from 21 euros

* Randgold Resources Ltd RRS.L : Deutsche Bank raises target price to 5,630p

* Red Electrica REE.MC : JP Morgan raises target to 80 euros from 76.70 euros; overweight

* Redefine International Plc RDI.L : JP Morgan raises to neutral from underweight

* Redefine International Plc RDI.L : JP Morgan cuts target price to 50p from 53p

* Refresco Gerber NV RFRG.AS : KBC starts with buy; target price 19 euros

* Rexel RXL.PA : Morgan Stanley cuts target to 14 euros from 15 euros; rating overweight

* Richemont SA CFR.VX : HSBC cuts target price to Sfr 83 from Sfr 86; rating buy

* Rio Tinto Plc RIO.L : Investec raises target price to 2235p from 1859p; rating buy

* Royal Bank of Scotland Group Plc RBS.L : RBC cuts target to 320p from 375p; outperform

* RTL AUDKt.BR : JP Morgan raises target price to 81 euros from 77 euros; rating neutral

* Sandvik AB SAND.ST : Goldman Sachs cuts target price to Sek 55 from Sek 65

* Sandvik AB SAND.ST : Goldman Sachs cuts to sell from neutral

* Saras SpA SRS.MI : SocGen cuts target price to 1.9 euros from 2.3 euros; rating buy

* Sartorius AG SATG.DE : Kepler Cheuvreux raises target to 230 euros from 210 euros; hold

* Schneider Electric SCHN.PA : Goldman Sachs raises target price to 57 euros from 56 euros

* Schindler Holding SCHN.S : Morgan Stanley starts with overweight; target price Sfr 196

* Schroders SDR.L : Barclays cuts target price to 2900p from 3140p; rating equal weight

* Schroders SDR.L : Citigroup cuts to neutral from buy

* Schroders SDR.L : Exane BNP Paribas cuts target by 6 pct to 3000p; rating outperform

* SEB SEBF.PA : Natixis raises target price to 114 euros from 105 euros; rating buy

* Segro Plc SGRO.L : Stifel cuts target price to 454p from 463p; rating buy

* SES SA SESFd.PA : ING cuts target price to 27 euros from 29 euros; rating hold

* Shawbrook Group Plc SHAW.L : Numis raises target price to 377p from 342p; rating buy

* Shawbrook Group Plc SHAW.L : Goldman Sachs raises target to 380P from 370P; neutral

* Siemens AG SIEGn.DE : Goldman Sachs raises target price to 102 euros from 88 euros

* Siemens AG SIEGn.DE : Goldman Sachs raises to buy from neutral

* Solvay SA SOLB.BR : Goldman Sachs raises target to 110 euros from 106 euros; rating buy

* Spirax-Sarco Engineering SPX.L : JP Morgan raises price target to 3,350p from 3,250p

* Steinhoff SNHG.DE : Nomura raises price target to 5.30 euros from 4.80 euros; rating buy

* Subsea 7 SA SUBC.OL : UBS cuts target price to Nok 54 from Nok 78; rating neutral

* Tate & Lyle Plc TATE.L : Credit Suisse cuts target to 585p from 625p; rating neutral

* Telefonica TEF.MC : Nomura cuts target price to 10 euros from 11.50 euros; rating neutral

* Telefonica TEF.MC : Deutsche Bank cuts target price to 8.20 euros from 8.70 euros

* Thyssenkrupp AG TKAG.DE : Independent Research raises target to 17.6 euros; rating hold

* Travis Perkins Plc TPK.L : Deutsche Bank cuts target price to 2,220p

* Travis Perkins Plc TPK.L : Stifel cuts target price to 2,222p from 2,280p; rating buy

* Turkish Airlines THYAO.IS : HSBC raises target price to Tl 10 from Tl 9.4; rating buy

* UBS AG UBSG.VX : SocGen cuts target price to Sfr 23 from Sfr 26; rating buy UBS.N

* UCB SA UCB.BR : Deutsche Bank cuts to hold; cuts target price to 75 euros from 90 euros

* Vesuvius Plc VSVS.L : JP Morgan cuts to neutral from overweight; target to 310p from 323p

* Vesuvius Plc VSVS.L : RBC cuts target price to 330p from 375p; rating sector perform

* Vesuvius Plc VSVS.L : UBS cuts target price to 395p from 425p; rating buy

* Virgin Money VM.L : Citigroup raises target price to 430p from 390p; rating buy

* Whitbread WTB.L : Barclays cuts target price to 4150p from 4200p; rating equal weight

* Whitbread Plc WTB.L : Canaccord Genuity cuts target price to 5000p from 6000p; rating buy

* Whitbread Plc WTB.L : Credit Suisse cuts target to 5140p from 5800p; rating outperform

* Whitbread Plc WTB.L : Kepler Cheuvreux cuts target price to 4250p from 5000p; rating hold

* Whitbread Plc WTB.L : Natixis cuts target price to 4000p from 4800p; rating neutral

* Whitbread Plc WTB.L : SocGen cuts target price to 4220p from 5221p; rating hold

* Whitbread Plc WTB.L : Stifel cuts target price to 4,300p from 4,500p; rating buy

* Whitbread WTB.L : HSBC cuts target price to 5200p from 5400p; rating buy

* William Hill Plc WMH.L : UBS cuts to sell from buy; target price to 365p from 410p

* William Morrison MRW.L : Deutsche Bank raises target price to 175p

* WPP Plc WPP.L : Goldman Sachs raises target price to 1,860p from 1,780p; rating buy

* WPP WPP.L : Numis raises target price to 1775p from 1725p; rating add

* Zalando SE ZALG.DE : Credit Suisse raises target to 39 euros from 36 euros; outperform

* Zumtobel Group AG ZUMV.VI : Helvea Baader cuts price target to 20 euros from 25 euros

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