EUROPE RESEARCH ROUNDUP- Bunzl, LVMH, Tesco

Reuters
31 Mar
EUROPE RESEARCH ROUNDUP- Bunzl, LVMH, Tesco

March 31 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, LVMH and Tesco, on Monday.

HIGHLIGHTS

* Bunzl BNZL.L: Barclays raises to overweight from equal weight

* LVMH LVMH.PA: HSBC cuts target price to EUR 800 from EUR 845

* Swiss Life Holding AG SLHN.S: Citigroup raises target price to CHF 775 from CHF 688

* Tesco Plc TSCO.L: Morgan Stanley cuts target price to 400p from 432p

* Trelleborg TRELb.ST: Barclays cuts target price to SEK 460 from SEK 482

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

* 1&1 AG 1U1.DE: Barclays cuts target price to EUR 17 from EUR 20

* 3I Group Plc III.L: UBS cuts target price to 4200p from 4600p

* ABB ABBN.S: Morgan Stanley cuts target price to CHF 45 from CHF 47

* Admiral ADML.L: Deutsche Bank raises target price to 3490p from 3100p

* Air France-KLM AIRF.PA: Citigroup raises target price to EUR 10.35 from EUR 9.50

* Airbus AIR.PA: UBS raises target price to EUR 175 from EUR 140

* Aker BP AKRBP.OL: Morgan Stanley cuts target price to NOK 230 from NOK 240

* Alcon ALCC.S: Deutsche Bank raises target price to CHF 96 from CHF 92

* Alfa Laval ALFA.ST: Morgan Stanley cuts target price to SEK 420 from SEK 425

* Anglo American Plc AAL.L: Barclays raises target price to 3000p from 2820p

* BASF SE BASFN.DE: HSBC cuts target price to EUR 50 from EUR 53

* Basler AG BSLG.DE: Berenberg raises target price to EUR 11 from EUR 8

* Bechtle AG BC8G.DE: Berenberg cuts target price to EUR 38 from EUR 39

* Bunzl BNZL.L: Barclays raises target price to 3650p from 3500p

* Bunzl BNZL.L: Barclays raises to overweight from equal weight

* Burberry Group BRBY.L: HSBC cuts target price to 1090p from 1200p

* Buzzi BZU.MI: Berenberg raises target price to EUR 47 from EUR 42

* BVB BVB.DE: Berenberg cuts target price to EUR 5 from EUR 6

* Cirata Plc CRTA.L: Stifel cuts target price to 53p from 93p

* Compagnie Financiere Richemont SA CFR.S: HSBC cuts target to CHF 199 from CHF 212

* CTS Eventim AG & Co KGaA EVDG.DE: UBS cuts target price to EUR 116 from EUR 120

* Deutsche Boerse DB1Gn.DE: Deutsche Bank raises target price to EUR 287 from EUR 267

* Eiffage FOUG.PA: Jefferies raises target price to EUR 128 from EUR 119

* Enel ENEI.MI: Barclays raises target price to EUR 8.5 from EUR 8.4

* Euronext ENX.PA: Deutsche Bank raises target price to EUR 147 from EUR 131

* Everplay Group Plc EVPL.L: Barclays raises target price to 320p from 310p

* Formycon AG FYB.DE: Berenberg cuts target price to EUR 32 from EUR 42

* Gerresheimer AG GXIG.DE: Keybanc cuts to sector weight from ovrweight

* Harbour Energy Plc HBR.L: Morgan Stanley cuts target price to 290p from 345p

* Hermes HRMS.PA: Barclays cuts target price to EUR 2820 from EUR 2850

* Hochtief AG HOTG.DE: Jefferies cuts to hold from buy

* Hochtief AG HOTG.DE: Jefferies raises target price to EUR 158 from EUR 156

* IAG ICAG.L: Citigroup raises target price to 390p from 375p

* Intrum AB INTRUM.ST: UBS cuts target price to SEK 36 from SEK 38

* Jungheinrich AG JUNG_p.DE: Berenberg raises target price to EUR 41 from EUR 39

* Juventus Fc SpA JUVE.MI: Berenberg raises target price to EUR 3.50 from EUR 3.25

* Kering PRTP.PA: HSBC cuts target price to EUR 205 from EUR 230

* Kerry Group KYGa.I: UBS cuts target price to EUR 108 from EUR 109

* Legrand LEGD.PA: Barclays cuts target price to EUR 123 from EUR 124

* LVMH LVMH.PA: HSBC cuts target price to EUR 800 from EUR 845

* Maurel et Prom MAUP.PA: Portzamparc cuts to "Hold" from "buy"

* Maurel et Prom MAUP.PA: Portzamparc cuts target price to EUR 5.2 from EUR 7.6

* Medmix AG MEDX.S: UBS cuts target price to CHF 18 from CHF 25

* Moncler MONC.MI: HSBC cuts target price to EUR 71 from EUR 75

* Moncler MONC.MI: Stifel cuts target price to EUR 62 from EUR 63

* Next Plc NXT.L: Jefferies raises target price to 13,000p from 11,800p

* Northern Data AG NB2.DE: Berenberg cuts target price to EUR 43 from EUR 50

* One Savings Bank OSBO.L: Deutsche Bank raises target price to 620p from 510p

* Pernod Ricard PERP.PA: UBS cuts target price to EUR 101 from EUR 114

* Pernod-Ricard SA PERP.PA: Barclays cuts target price to EUR 98 from EUR 102

* Pets at Home PETSP.L: Peel Hunt cuts target price to 300p from 325p

* Phoenix PHNX.L: RBC raises target price to 725p from 615p

* Prudential PRU.L: UBS cuts target price to 1220p from 1270p

* Raspberry PI RPI.L: Deutsche Bank initiates coverage with hold rating and target 460p

* Rational AG RAAG.DE: UBS cuts target price to EUR 870 from EUR 910

* RWE AG RWEG.DE: Morgan Stanley cuts target price to EUR 44 from EUR 46

* Safran SA SAF.PA: UBS raises target price to EUR 265 from EUR 235

* Sage Group SGE.L: Jefferies cuts target price to 1,500p from 1,600p

* Schneider Electric SCHN.PA: Barclays cuts target price to EUR 276 from EUR 300

* Scor SCOR.PA: UBS cuts to neutral from buy

* SMA Solar S92G.DE: Jefferies cuts to hold from buy

* Snam SRG.MI: Barclays raises target price to EUR 5.4 from EUR 5.2

* SSE SSE.L: Morgan Stanley cuts target price to 2000p from 2200p

* Swatch UHR.S: HSBC cuts target price to CHF 150 from CHF 180

* Swedish Orphan Biovitrum SOBIV.ST: RBC cuts target price to SEK 380 from SEK 405

* Swiss Life Holding AG SLHN.S: Citigroup raises target price to CHF 775 from CHF 688

* Symrise SY1G.DE: Barclays cuts target price to EUR 110 from EUR 115

* Symrise SY1G.DE: UBS cuts target price to EUR 121 from EUR 128

* SYS-DAT SpA SYSD.MI: Stifel initiates coverage with buy rating; target price EUR 8

* Tesco Plc TSCO.L: Morgan Stanley cuts target price to 400p from 432p

* ThyssenKrupp TKAG.DE: Kepler Cheuvreux raises to buy from hold

* ThyssenKrupp TKAG.DE: Kepler Cheuvreux raises target price to EUR 12.4 from EUR 5.6

* Trelleborg TRELb.ST: Barclays cuts target price to SEK 460 from SEK 482

* United Internet UTDI.DE: Barclays cuts target price to EUR 24 from EUR 26

* Var Energi VAR.OL: Morgan Stanley cuts target price to NOK 41 from NOK 44

* Vinci SGEF.PA: Jefferies raises target price to EUR 141 from EUR 135

* Vossloh VOSG.DE: Deutsche Bank raises target price to EUR 73 from EUR 59

* Yara YAR.OL: Berenberg raises target price to NOK 370 from NOK 334

(Compiled by Bengaluru Newsroom)

((Diaries@thomsonreuters.com))

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