pris en face : European broker recommendations
Today's UK, European broker recommendations
24-August-2006 10:39:19
CITIGROUP
Upgrade Buy from hold DSG International
-- Reiterate Hold Bechtle, cuts target to 17.5 eur from 21
-- Buy BBVA, ups target to 20.50 eur from 20
-- Buy CRH, ups target to 32.4 eur from 31.2
MORGAN STANLEY
Upgrade Overweight from equal-weight Carphone Warehouse, target 300 pence
-- Reiterate Overweight BHP Billiton, cuts target to 1,450 pence from 1,600 -- Underweight Tele2, cuts target to 70 skr from 75
-- Overweight CRH, ups target to 33 eur from 31.60 -- Overweight Nestle, ups target to 450 sfr from 410, raises estimates
MERRILL LYNCH
Upgrade BUY from neutral TENARIS
-- Upgrade Buy from neutral Minerva
-- Initiate BUY VALLOUREC 215 eur
UBS
Upgrade Buy from neutral Gemplus; Upgrade Buy from neutral Gemalto
-- Initiate Buy ArcelorMittal, target 30 eur
-- Initiate Neutral Bioton
-- Reiterate Neutral Northern Foods, ups target to 91 pence from 90
-- Neutral Ladbrokes, cuts target to 420 pence from 433
-- Neutral Sampo, ups target to 16 eur from 15.20
-- Buy Telekom Austria, ups target to 23.80 eur from 23.60
-- Neutral Sportingbet, cuts target to 275 pence from 430
-- Buy CRH, ups target to 32.90 eur from 31.30
DEUTSCHE BANK
Downgrade Hold from buy Aguas de Barcelona
-- Initiate Buy Bauer, price target 24 eur
-- Reiterate Hold Aegon, ups target to 14.5 eur from 14.4
-- Buy EFG International, ups target to 47 sfr from 45.1
-- Hold Bodycote, cuts target to 229 pence from 276
-- Hold Hellenic Duty Free, ups target to 11.9 eur from 11.1
-- Hold Union Fenosa, ups target to 32.40 eur from 30.40
-- Hold Iberdrola, ups target to 27.70 eur from 26.35
-- Buy Red Electrica, ups target tp 36.40 eur from 33
-- Buy Enagas, ups target to 22.10 eur from 20.70
PANMURE GORDON
Downgrade Hold from buy John Laing, cuts target to 310 pence from 357
LEHMAN
Assume Underweight Van Lanscot, target 71 eur
-- Reiterate Overweight Telekom Austria, ups target to 21 eur from 20 ING
Focus List: Marks & Spencer (Buy, ups estimates) replaces BHP Billiton (Hold)
-- Reiterate Buy Nestle, ups target to 470 eur from 460
-- Buy Bayer, ups target to 46 eur from 39
-- Buy Ordina, cuts target to 19 eur from 21.5
-- Buy Cumerio, cuts target to 22 eur from 25 HSBC Reiterate Overweight Teleperformance, ups target to 35.5 eur from 33.0
GOLDMAN SACHS
Reiterate Buy OMV, cuts target to 51 eur from 58, cuts estimates
-- Buy Prosafe, ups target to 500 nkr from 470
-- Buy Telefonica, cuts target to 17.96 eur from 18.02, reduces estimates -- Sell TF1, ups target to 25.2 eur from 24.1
-- Sell EFG International, ups target to 30.10 eur from 29.89, adjusts estimates
-- Buy Telekom Austria, ups target to 22.90 eur from 22.16, raises estimates
-- Neutral Red Electrica, ups target to 28.5 eur from 26.5, raises estimates
ABN AMRO
Reiterate Reduce Blacks Leisure, cuts target to 330 pence from 465 JP
MORGAN
Reiterate Overweight Nestle, ups target to 480 sfr from 460
CREDIT SUISSE UK Banks: Alliance & Leicester, cuts target to 865 pence from 900; Lloyds TSB, cuts target to 495 pence from 520;
HBOS,
ups target to 1,090 pence from 1,040
-- Reiterate Outperform Ahold, ups target to 8.50 eur from 8
ARBUTHNOT
Reiterate Buy iimia Investment Group, ups target to 250 pence from 218
-- Buy Christian Salvesen, ups target to 93 pence from 66
CANACCORD ADAMS
Reiterate Buy International Sales & Marketing, cuts target to 195 pence from 247
-- Buy YM Biosciences, cuts target to 6.30 cad from 7.0
EVOLUTION SECURITIES
Reiterate Add Ladbrokes, ups target to 400 pence from 380
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mareva