European broker round-up
Posted on: 20 Jul 2012 by Georgia Manors

Atos: CM-CIC reiterates BUY with a price target of EUR55.

BME: Citi upgrades to NEUTRAL from sell.

EADS: Exane BNP Paribas reiterates OVERWEIGHT with a price target of EUR40. Goldman Sachs includes the stock on its STRONG BUY list, upgrades from neutral.

Ericsson: Société Générale upgrades to HOLD from sell.

Heineken: AlphaValue downgrades to ADD from buy and raises price target to EUR50.30 from EUR49.90.

Nokia: Société Générale upgrades to HOLD from sell.

Saint Gobain: Exane reiterates NEUTRAL and lowers its price target by 15% to EUR34.

MJ

European broker round-up
Posted on: 19 Jul 2012 by Georgia Manors

GDF Suez: HSBC reiterates UNDERWEIGHT and lowers price target to EUR16 from EUR17.

JC Decaux: AlphaValue downgrades to ADD from buy and raises the price target to EUR21.80 from EUR21.70.

Q-Cells: AlphaValue upgrades to ADD from sell with a price target of EUR0.10.

Thales: Cheuvreux reiterates OVERWEIGHT with a price target of EUR35.

MJ

European broker round-up
Posted on: 18 Jul 2012 by Georgia Manors

Banco Santander: Berenberg reiterates SELL.

Banco Popular: Société Générale recommends SELL and lowers price target to EUR1.30 from EUR1.85.

BBVA: Berenberg reiterates SELL. Société Générale recommends SELL and lowers price target to EUR4.30 from EUR4.50.

Caixabank: Société Générale recommends HOLD and lowers price target to EUR2.30 from EUR2.60.

Laboratorios Rovi: JP Morgan downgrades to NEUTRAL from overweight.

Repsol: RBC includes stock on its preferred stock list, upgrades from market perform with a price target of EUR16.

MJ

European broker round-up
Posted on: 17 Jul 2012 by Georgia Manors

L’Oréal: Credit Suisse upgrades to NEUTRAL from hold.

Nokia: Jefferies downgrades to UNDERWEIGHT from hold with a price target of EUR1.19.

Siemens: Berenberg upgrades to BUY from hold.

STMicroelectronics: Commerzbank reiterates HOLD.

MJ

European broker round-up
Posted on: 16 Jul 2012 by Georgia Manors

Alcatel-Lucent: Credit Suisse reiterates UNDERWEIGHT with a price target of EUR1.20.

Basf: Nomura upgrades to BUY from neutral.

Carrefour: Berenberg upgrades to BUY from sell.

EADS: CM-CIC reiterates BUY with a price target of 34 euros.

Safran: CM-CIC reiterates BUY with a price target of 37 euros.

MJ

European broker round-up
Posted on: 13 Jul 2012 by Georgia Manors

- Atos: Credit Suisse reiterates BUY with a price target of EUR51.60.

- Cap Gemini: Credit Suisse initiates coverage at UNDERWEIGHT with a price target of EUR26.30.

- Carrefour: Citi upgrades to NEUTRAL from sell.

- Deutsche Telekom: Credit Suisse upgrades to neutral from UNDERWEIGHT.

- Saint-Gobain: CM-CIC reiterates BUY with a price target of EUR36.

MJ

European broker round-up
Posted on: 12 Jul 2012 by Georgia Manors

- BBVA: Credit Suisse downgrades to NEUTRAL from overweight.

- EADS: AlphaValue upgrades to BUY from add and lowers price target to EUR33.20 from EUR33.60.

- Deoleo: AlphaValue downgrades to ADD from buy and lowers its price target to EUR0.30 from EUR0.40.

- Grifols: Berenberg recommends BUY and raises its price target to EUR22.50 from EUR18.15.

- L’Oréal: ING downgrades to SELL from hold.

- Repsol: Nomura recommends BUY and lowers the price target to 16 from 17 euros.

MJ

European broker round-up
Posted on: 11 Jul 2012 by Georgia Manors

Antena3: BofA Merrill Lynch downgrades to UNDERWEIGHT from neutral.

Banco Santander: Nomura downgrades to UNDERWEIGHT from neutral.

BBVA: Nomura upgrades to BUY from underweight.

CGG Veritas: Gilbert DuPont reiterates BUY and lowers the price target to EUR26.90 from EUR27.90.

Mediaset España: Société Générale downgrades to SELL from hold.

Nestlé: Oddo initiates coverage at BUY with a price target of EUR107.

Nokia: Nomura maintains NEUTRAL recommendation with a price target of 2 euros.

MD

European broker round-up
Posted on: 10 Jul 2012 by Georgia Manors

- Alcatel Lucent: Barclays reiterates NEUTRAL and lowers its price target to EUR1.50 from EUR1.60.

- Alstom: Natixis reiterates BUY with a price target of EUR37.

- Linde: AlphaValue upgrades to ADD from reduce and lowers its price target to EUR125.30 from EUR125.70.

- Publicis: Citigroup downgrades to SELL from neutral.

MJ

European broker round-up
Posted on: 06 Jul 2012 by Georgia Manors

- Acerinox: Société Générale recommends HOLD and lowers price target to EUR9 from EUR10.50.

- ArcelorMittal: UBS recommends BUY; Societe Generale recommends HOLD and lowers price target to EUR14 from EUR13; HSBC downgrades to NEUTRAL from overweight and lowers price target to EUR14.50 from EUR15.10.

- Banco Popular: HSBC downgrades to UNDERWEIGHT from neutral with a price target of EUR1.61

- BBVA: HSBC downgrades to NEUTRAL with a price target of EUR6.

- Grifols: Citi recommends BUY.

- Publicis: CM-CIC reiterates BUY with a price target of EUR46.

- Société Générale: Natixis reiterates BUY recommendation with a price target of EUR22.70.

MJ

European broker round-up
Posted on: 05 Jul 2012 by Georgia Manors

- Air France-KLM: AlphaValue downgrades to REDUCE from add with a price target of EUR4.

- Akzo Nobel: AlphaValue downgrades to ADD from buy and raises its price target to EUR44.60 from EUR44.40.

- Almirall: Berenger upgrades to BUY from hold.

- ArcelorMittal: HSBC downgrades to NEUTRAL from overweight.

- Technip: CM-CIC reiterates BUY with a price target of EUR98.

- Veolia Environnement: UBS downgrades to SELL from neutral and lowers its price target to EUR9 from EUR10.

MJ

European broker round-up
Posted on: 04 Jul 2012 by Georgia Manors

- Aegon: ING downgrades to HOLD from buy with a price target of EUR4.

- E.On: Citi downgrades to NEUTRAL from sell.

- Generali: ING downgrades to SELL from hold and lowers the price target to EUR9.50 from EUR12.

- Peugeot: AlphaValue reiterates SELL with a price target of EUR6.20.

- Vivendi: Natixis reiterates BUY with a price target of EUR|8.

MJ

European broker round-up
Posted on: 03 Jul 2012 by Georgia Manors

- Aegon: Morgan Stanley adds stock to its most preferred list for insurance companies.

- Philips: Nomura initiates coverage at BUY with a price target of EUR18.

- Prisa: Santander downgrades to HOLD from buy with a price target of EUR0.66.

- Suez Environnement: HSBC downgrades to NEUTRAL from overweight and lowers its price target to EUR9.50 from EUR12.

MJ

European broker round-up
Posted on: 02 Jul 2012 by Georgia Manors

- Basf: JP Morgan recommends NEUTRAL and lowers its price target to EUR58 from EUR61.

- Bayer: AlphaValue downgrades to REDUCE from add with a price target of EUR56.90.

- Danone: Bernstein recommends NEUTRAL and lowers the price target to EUR53 from EUR57.

- EADS: CM-CIC reiterates a BUY recommendation with a price target of EUR34.

MJ

European broker round-up
Posted on: 29 Jun 2012 by Georgia Manors

- Ageas: AlphaValue downgrades to REDUCE from add and lowers its price target to EUR1.40 from EUR1.50.

- Danone: RBC initiates coverage at UNDERWEIGHT.

- Grifols: AlphaValue upgrades to REDUCE from sell and raises its price target to EUR19.90 from EUR17.70.

- Iliad: AlphaValue downgrades to REDUCE from add and raises its price target to EUR113.20 from EUR113.10.

- Ingenico: CM-CIC raises its price target to EUR39 from EUR36.

MJ

European broker round-up
Posted on: 28 Jun 2012 by Georgia Manors

- ADP: CM-CIC reiterates HOLD with a price target of EUR64.

- AXA: Macquarie initiates coverage at OVERWEIGHT with a price target of EUR13.62.

- BMW: Societe Generale reiterates BUY and lowers price target to EUR75 from EUR85.

- Deutsche Post: AlphaValue downgrades to ADD from buy with a price target of EUR15.40.

- Peugeot: Oddo reiterates NEUTRAL and lowers its price target to EUR10 from EUR11.

MJ

European broker round-up
Posted on: 27 Jun 2012 by Georgia Manors

- Akzo Nobel: AlphaValue upgrades to BUY from add and raises its price target from EUR43.30 to EUR43.50.

- ArcelorMittal: JP Morgan recommends OVERWEIGHT and lowers the price target from EUR18 to EUR15.50.

-Elecnor: Alphavalue downgrades to ADD from buy with a price target of EUR11.

- E.On: AlphaValue downgrades to ADD from buy and lowers its price target from EUR18.50 to EUR18.40.

- Mapfre: UBS reiterates NEUTRAL and lowers the price target from EUR2.35 to EUR1.70.

- Schneider Electric: Exane BNP Paribas reiterates OVERWEIGHT and lowers its price target by 11% to EUR55.

- TF1: Kepler upgrades to BUY from hold.

- Total: AlphaValue upgrades to BUY from add with a price target of EUR41.40.

MJ

European broker round-up
Posted on: 26 Jun 2012 by Georgia Manors

- Abertis: Kepler recommends BUY and raises price target to EUR14.20 from EUR13.80.

- E.On: Bank of America-Merrill Lynch upgrades to BUY from neutral.

- RWE: Bank of America-Merrill Lynch upgrades to NEUTRAL from underweight.

-Vivendi: Jefferies reiterates BUY with a price target of EUR15.

MJ

European broker round-up
Posted on: 25 Jun 2012 by Georgia Manors

Air France-KLM: Natixis reiterates BUY with a price target of EUR7.

Danone: UBS removes from its ‘Most Preferred List’ in the European agro-food sector.

Inditex: Bernstein upgrades to OVERWEIGHT from neutral.

MJ

European broker round-up
Posted on: 21 Jun 2012 by Georgia Manors

- EADS: AlphaValue upgrades to BUY from add and raises its price target to EUR33 from EUR32.90.

- E.On: Nomura up grades to BUY from neutral with a price target of EUR20.

- Ericsson: AlphaValue downgrades to ADD from buy.

- Havas: HSBC upgrades to OVERWEIGHT from neutral.

- Lafarge: HSBC upgrades to OVERWEIGHT from neutral.

MJ

European broker round-up
Posted on: 20 Jun 2012 by Georgia Manors

- ArcelorMittal: Credit Suisse reiterates OVERWEIGHT.

- Carrefour: Natixis reiterates NEUTRAL with a price target of EUR19.

- Sanofi: JP Morgan reiterates OVERWEIGHT and raises its price target to EUR70 from EUR68.

- Soitec: Oddo reiterates UNDERWEIGHT with a price target of EUR3.10.

MJ

European broker round-up
Posted on: 19 Jun 2012 by Georgia Manors

ADP: Natixis reiterates a BUY recommendation with a price target of EUR73.

Michelin: Citigroup reiterates BUY with a price target of EUR65.

Sodexo: CM-CIC reiterates HOLD with a price target of EUR70.

MJ

European broker round-up
Posted on: 18 Jun 2012 by Georgia Manors

Alcatel-Lucent: Bernstein reiterates NEUTRAL with a price target of EUR1.40.

Essilor: Bank of America downgrades to NEUTRAL from buy and raises price target to EUR76 from EUR66.

Gas Natural: Societe Generale upgrades to BUY from hold with a price target of EUR10.

Grifols: Citi recommends BUY.

Telefonica: Nomura reiterates UNDERWEIGHT and lowers price target to EUR11 from EUR13.50.

MJ

European broker round-up
Posted on: 12 Jun 2012 by Georgia Manors

Air France-KLM: HSBC initiates coverage at OVERWEIGHT.

EADS: Exane reiterates OVERWEIGHT and raises price target to EUR40 from EUR34.

E.On: UBS upgrades to BUY from neutral.

Klepierre: Oddo reiterates NEUTRAL with a price target of EUR27.

RWE: UBS maintains NEUTRAL recommendation and lowers price target to EUR30 from EUR36.

MJ

European broker round-up
Posted on: 11 Jun 2012 by Georgia Manors

Bankia: UBS reiterates SELL recommendation.

Banco de Sabadell:UBS reiterates SELL recommendation.

Banco Santander: UBS reiterates SELL recommendation.

Inditex: Liberum upgrades to BUY and raises price target to EUR74.

Havas: Barclays downgrades to NEUTRAL.

Publicis: Barclays reiterates NEUTRAL and raises price target to EUR42 from EUR39.50.

MJ

European broker round-up
Posted on: 08 Jun 2012 by Georgia Manors

- EADS: Oddo reiterates BUY and raises its price target to EUR37 from EUR35.

- Peugeot: Deutsche Bank reiterates HOLD and lowers its price target to EUR10.

- Vallourec: JP Morgan reiterates NEUTRAL and lowers price target to EUR39 from EUR43.

MJ

European broker round-up
Posted on: 07 Jun 2012 by Georgia Manors

ADP: Raymond James initiates coverage at ADD with a price target of EUR72.

Generali: AlphaValue downgrades to REDUCE from add and lowers price target to EUR9.40 from EUR9.50.

L´Oreal: Berenberg reiterates HOLD and raises its price target to EUR95 from EUR84.

MJ

European broker round-up
Posted on: 06 Jun 2012 by Georgia Manors

Banco Comercial Portugues: AlphaValue upgrades to ADD from reduce with a price target of EUR0.10.

Banco Popular: ING initiates coverage at SELL.

Banco Sabadell: ING initiates coverage at SELL.

Bankinter: ING initiates coverage at SELL.

Continental: AlphaValue upgrades to REDUCE from sell and raises its price target to EUR58.10 from EUR57.80.

Hellenic Petroleum: AlphaValue upgrades to BUY from add with a price target of EUR5.20.

MJ

European broker round-up
Posted on: 01 Jun 2012 by Georgia Manors

- Bankia: JB Capital Markets lowers price target to EUR0.75 from EUR1.50.

- EADS: Jefferies raises the price target to EUR37 from EUR27.

- E.On: AlphaValue upgrades to BUY from add and lowers its price target to EUR18.20 from EUR18.40.

- Philips: Morgan Stanley raises the price target to EUR16 from EUR14.40.

- Telefonica: Berenberg recommends SELL and lowers price target to EUR9.30 from EUR10.60.

MJ

European broker round-up
Posted on: 31 May 2012 by Georgia Manors

Abertis: AlphaValue upgrades to BUY from add and lowers its price target to EUR13.00 from EUR13.10.

EADS: Banco Espirito Santo recommends SELL and raises price target to EUR24 from EUR21.

Telefonica: Macquarie recommends OVERWEIGHT and lowers price target to EUR10.00 from EUR15.50; Morgan Stanley upgrades to NEUTRAL from underweight.

MJ

European broker round-up
Posted on: 30 May 2012 by Georgia Manors

- Banco Sabadell: UBS recommends SELL and lowers price target to EUR1.30 from EUR1.80.

- Carrefour: Raymond James reiterates UNDERWEIGHT and lowers price target to EUR17 from EUR19.

- CGG Veritas: AlphaValue downgrades to ADD from buy and raises price target to EUR22.90 from EUR22.60.

- Inditex: Barclays recommends NEUTRAL and lowers price target to EUR70 from EUR72.

- Peugeot: Morgan Stanley reiterates OVERWEIGHT with a price target of EUR14.

MJ

European broker round-up
Posted on: 29 May 2012 by Georgia Manors

ArcelorMittal: HSBC upgrades to OVERWEIGHT from neutral.

Bankia: BNP Paribas recommends UNDERWEIGHT and lowers price target of EUR0.30; UBS downgrades from neutral to SELL, target slashed from EUR2.75 to EUR0.50.

CGG Veritas: UBS upgrades to BUY from neutral.

Lonza: UBS cuts target from CHF49.50 to CHF35, neutral rating kept.

Maersk: UBS cuts target from DKr44,200 to DKr40,100, neutral rating unchanged.

Motor Oil: UBS cuts target from EUR12 to EUR11, buy rating kept.

MJ

European broker round-up
Posted on: 28 May 2012 by Georgia Manors

ArcelorMittal: HSBC upgrades to NEUTRAL from underweight.

Bankia: Nomura maintains UNDERWEIGHT recommendation and lowers price target to EUR0.20 from EUR1.10. JP Morgan lowers price target to EUR0.31 from EUR1.70.

Enagas: Berenberg reiterates BUY and lowers price target to EUR16 from EUR17.

REE: Berenberg reiterates HOLD and lowers price target to EUR39 from EUR41.

MD

European broker round-up
Posted on: 25 May 2012 by Georgia Manors

Atos: AlphaValue upgrades to REDUCE from sell and raises price target to EUR40.10 from EUR40.

Daimler: Citi recommends BUY and lowers price target to EUR50 from EUR55.

E.On: HSBC upgrades to NEUTRAL from underweight.

Heineken: AlphaValue upgrades to BUY from add and raises price target to EUR47.70 from EUR47.4.

MJ

European broker round-up
Posted on: 24 May 2012 by Georgia Manors

Banco Sabadell: AlphaValue upgrades to BUY from add with a price target of EUR1.80.

GDF Suez: Credit Suisse upgrades to NEUTRAL from underweight.

Michelin : Goldman Sachs downgrades to SELL from neutral with a price target of EUR62.

MJ

European broker round-up
Posted on: 23 May 2012 by Georgia Manors

Ageas: AlphaValue downgrades to REDUCE from add with a price target of EUR1.40.

Eiffage: AlphaValue downgrades to ADD from buy and raises price target to EUR29.10 from EUR29.

Lafarge: Credit Suisse upgrades to NEUTRAL from underweight with a price target of EUR29.

Soitec: Natixis reiterates NEUTRAL and lowers price target to EUR3 from EUR3.70.

MJ

European broker round-up
Posted on: 22 May 2012 by Georgia Manors

Codere: UBS reiterates SELL and lowers price target to EUR8 from EUR12.50.

GDF Suez: Natixis upgrades to NEUTRAL from underweight.

Lafarge: Credit Suisse upgrades to NEUTRAL.

Metrovacesa: UBS downgrades to SELL from neutral and lowers the price target to EUR0.32 from EUR0.47.

Realia: UBS reiterates SELL and lowers its price target to EUR0.53 from EUR0.83.

Repsol: Barclays reiterates OVERWEIGHT and lowers its price target to EUR20 from EUR21.

Thyssenkrupp: UBS upgrades to SELL from neutral and lowers its price target to EUR16 from EUR17.

MJ

European broker round-up
Posted on: 21 May 2012 by Georgia Manors

- Accor: Credit Suisse reiterates OVERWEIGHT with a price target of EUR33.

- EADS: UBS upgrades to BUY from neutral.

- NH Hoteles: Kepler downgrades to SELL from hold.

- Renault: UBS adds to its ‘Key Call List.’

MJ

European broker round-up
Posted on: 17 May 2012 by Georgia Manors

Acciona: Barclays recommends SELL and lowers price target to EUR54.50 from EUR60.00.

Bouygues: CM-CIC initiates coverage at SELL with a price target of EUR16.

Gamesa: Barclays recommends OVERWEIGHT and lowers price target to EUR3.00 from EUR3.50.

Q-Cells: AlphaValue downgrades to SELL from buy and lowers price target to EUR0.10 from EUR0.30.

Prisa: UBS recommends SELL and lowers price target to EUR0.35 from EUR0.44.

MJ

European broker round-up
Posted on: 16 May 2012 by Georgia Manors

- Bouygues: Nomura reiterates NEUTRAL with a price target of EUR29.

- CGG Veritas: AlphaValue upgrades to BUY from add and lowers price target to EUR22.80 from EUR22.90.

- GDF Suez: UBS reiterates BUY and lowers price target to EUR22 from EUR23.

- Thyssenkrupp: AlphaValue downgrades to SELL from reduce and lowers price target to EUR10.50 from EUR16.20.

- Vivendi: Nomura reiterates NEUTRAL and raises price target to EUR16.60 from EUR16.20. Cheuvreux reiterates OVERWEIGHT with a price target of EUR18.

MJ

European broker round-up
Posted on: 16 May 2012 by Georgia Manors

- Bouygues: Nomura reiterates NEUTRAL with a price target of EUR29.

- CGG Veritas: AlphaValue upgrades to BUY from add and lowers price target to EUR22.80 from EUR22.90.

- GDF Suez: UBS reiterates BUY and lowers price target to EUR22 from EUR23.

- Thyssenkrupp: AlphaValue downgrades to SELL from reduce and lowers price target to EUR10.50 from EUR16.20.

- Vivendi: Nomura reiterates NEUTRAL and raises price target to EUR16.60 from EUR16.20. Cheuvreux reiterates OVERWEIGHT with a price target of EUR18.

MJ

European broker round-up
Posted on: 15 May 2012 by Georgia Manors

- Bank of Ireland: AlphaValue upgrades to BUY from add with a price target of EUR0.10.

- BMW: AlphaValue upgrades to ADD from reduce and raises its price target to EUR73.40 from EUR68.20.

- Crédit Agricole: Natixis upgrades to NEUTRAL from underweight and lowers price target to EUR4.00 from EUR4.40.

- FCC: UBS recommends NEUTRAL and lowers the price target to EUR11.20 from EUR15.30.

- STMicroelectronics: AlphaValue reiterates BUY and lowers price target to EUR6.50 from EUR7.40.

MJ

European broker round-up
Posted on: 14 May 2012 by Georgia Manors

Crédit Agricole: Natixis upgrades to NEUTRAL from underweight and lowers price target to EUR4.00 from EUR4.40.

Iliad: HSBC reiterates OVERWEIGHT with a price target of EUR130.

Nokia: Société Générale downgrades to SELL from hold and lowers price target to EUR1.80 from EUR3.00.

Repsol: Jefferies reiterates HOLD and lowers price target to EUR17 from EUR22.

Vallourec: Oddo maintains NEUTRAL and lowers price target to EUR45 from EUR52.

MD

European broker round-up
Posted on: 11 May 2012 by Georgia Manors

ArcelorMittal: ING maintains BUY recommendation with a price target of EUR16.00.

Banco Popular: Macquarie lowers price target to EUR1.00 from EUR2.00.

Banesto: Macquarie lowers price target to EUR3.10 from EUR4.00.

Bankinter: Macquarie lowers price target to EUR2.50 from EUR3.00.

BBVA: Macquarie lowers price target to EUR6.00 from EUR6.50.

EDF: UBS reiterates NEUTRAL and lowers price target to EUR17.00 from EUR18.50.

Eutelsat: Nomura downgrades to NEUTRAL from buy.

H&M: UBS upgrades to BUY from neutral and raises price target to 255 from 240 Swedish kronas.

Lufthansa: AlphaValue downgrades to SELL from reduce and lowers price target to EUR6.70 from EUR8.60.

Sabadell: Macquarie lowers price target to EUR1.50 from EUR2.00.

Sanofi: Société Générale initiates coverage at BUY with a price target of EUR69.00.

Santander: Macquarie lowers price target to EUR4.80 from EUR5.50.

Telecom Italia: Deutsche Bank maintains BUY recommendation with a price target of EUR1.20.

MD

European broker round-up
Posted on: 10 May 2012 by Georgia Manors

Banco Popular: AlphaValue upgrades to BUY from add and lowers price target to EUR2.70 from EUR2.80.

Enel Green Power: Kepler upgrades to BUY from hold.

JC Decaux: JP Morgan downgrades to NEUTRAL from overweight.

Munich RE: Macquarie reiterates NEUTRAL and lowers price target to EUR110 from EUR115.

Peugeot: UBS upgrades to BUY from neutral.

MD

European broker round-up
Posted on: 09 May 2012 by Georgia Manors

- Air France-KLM: UBS reiterates NEUTRAL and lowers price target to EUR3.75 from EUR4.55.

- Bankia: JP Morgan downgrades to UNDERWEIGHT from neutral and lowers price target to EUR1.70 from EUR3.50.

- BME: Morgan Stanley downgrades to UNDERWEIGHT from neutral and lowers price target to EUR16.05 from EUR18.60.

- Deoleo: AlphaValue downgrades to ADD from buy.

- Grifols: JP Morgan Cazenove recommends NEUTRAL and raises price target to EUR20.80 from EUR18.00.

- Mediaset España: UBS recommends NEUTRAL and lowers price target to EUR3.60 from EUR5.00.

MJ.J.

European broker round-up
Posted on: 08 May 2012 by Georgia Manors

EDF: Goldman Sachs downgrades to NEUTRAL.

Euro Disney: Natixis reiterates NEUTRAL with a price target of EUR5.00.

France Télécom: Jefferies reiterates BUY with a price target of EUR13.

Volkswagen: HSBC reiterates OVERWEIGHT and raises its price target to EUR167 from EUR153.

MJ

European broker round-up
Posted on: 04 May 2012 by Georgia Manors

Adidas: Citi recommends BUY and raises price target to EUR72 from EUR65.

Bankia: UBS reiterates NEUTRAL and lowers price target to EUR2.75 from EUR3.35.

France Télécom: Oddo reiterates NEUTRAL with a price target of EUR10.24. Société Générale reiterates HOLD with a price target of EUR10.

Société Générale: CM-CIC reiterates HOLD with a price target of EUR42.

Telefonica: Nomura reiterates UNDERWEIGHT and lowers price target to EUR13.50 from EUR14.

MJ

European broker round-up
Posted on: 03 May 2012 by Georgia Manors

Crédit Agricole: Credit Suisse reiterates UNDERWEIGHT with a price target of EUR6.

JC Decaux: UBS upgrades to BUY from neutral and raises price target to EUR28 from EUR20.30.

Natixis: Credit Suisse reiterates NEUTRAL with a price target of EUR3.14.

Saint-Gobain: Jefferies reiterates BUY with a price target of EUR50.

Telefonica: Jefferies recommends HOLD and lowers price target to EUR10.60 from EUR11.

MJ

European broker round-up
Posted on: 02 May 2012 by Georgia Manors

BNP Paribas: Credit Suisse reiterates OVERWEIGHT with a price target of EUR45.30.

GDF Suez: AlphaValue reiterates BUY with a price target of EUR23.40.

Société Générale: Credit Suisse reiterates NEUTRAL with a price target of EUR30.40.

Total: Jefferies reiterates BUY with a price target of EUR46.

Wendel: UBS adds to preferred stock list.

MJ

European broker round-up
Posted on: 27 Apr 2012 by Georgia Manors

Antena 3 de Television: Barclays reiterates UNDERWEIGHT and lowers the price target to EUR4 from EUR4.50.

Bank of Ireland: AlphaValue upgrades to ADD from reduce with a price target of EUR0.10.

Credit Suisse: AlphaValue upgrades to BUY from add and lowers price target to 27.60 from 27.90 Swiss francs.

Enagás: HSBC downgrades to NEUTRAL from overweight and lowers price target to EUR15 from EUR16.

Gas Natural: HSBC upgrades to OVERWEIGHT from neutral and lowers price target to EUR12.60 from EUR14.00.

Iberdrola: HSBC reiterates OVERWEIGHT and lowers price target to EUR5.00 from EUR6.00.

Nexans: HSBC reiterates OVERWEIGHT and lowers price target to EUR66 from EUR71.

Pernod Ricard: Bryan Garnier reiterates BUY and raises price target to EUR87 from EUR84.

Repsol: Kepler downgrades to HOLD from buy and lowers its price target to EUR17.70 from EUR22.10.

MJ.J.

European broker round-up
Posted on: 26 Apr 2012 by Georgia Manors

Accor: AlphaValue downgrades to ADD from buy and raises its price target to EUR30.30 from EUR30.20.

Air Liquide: Morgan Stanley reiterates NEUTRAL and raises price target to EUR107 from EUR100. Credit Suisse reiterates NEUTRAL with a price target of EUR109.

Havas: Exane reiterates OVERWEIGHT with a price target of EUR5.20.

Remy Cointreau: Nomura reiterates NEUTRAL and raises its price target to EUR77 from EUR66.

Valeo: AlphaValue downgrades to ADD from buy and raises its price target to EUR42.90 from EUR42.30.

Vivendi: Natixis maintains BUY recommendation.

MJ.J.

European broker round-up
Posted on: 25 Apr 2012 by Georgia Manors

Alcatel Lucent: HSBC recommends NEUTRAL and lowers its price target to EUR1.70 from EUR3.20.

Grifols: Berenberg downgrades to NEUTRAL from buy and raises its price target to EUR18.15 from EUR17.50.

Novartis: Cheuvreux reiterates UNDERWEIGHT with a price target of 48 Swiss francs.

Publicis: AlphaValue reiterates HOLD and lowers price target to EUR43.40 from EUR44.10

Saint Gobain: Oddo reiterates BUY with a price target of EUR41.

MJ.J.

European broker round-up
Posted on: 24 Apr 2012 by Georgia Manors

Acciona: UBS upgrades to BUY from neutral and lowers price target to EUR55.60 from EUR64.

BMW: JP Morgan recommends OVERWEIGHT and raises price target to EUR90 from EUR76.

EADS: Societe Generale reiterates BUY with a price target of EUR38.

Schneider Electric: CM-CIC reiterates HOLD with a price target of EUR52.

Telefonica: HSBC recommends NEUTRAL and lowers price target to EUR12.20 from EUR14.80.

MJ.J.

European broker round-up
Posted on: 23 Apr 2012 by Georgia Manors

Banco Santander: JP Morgan upgrades to OVERWEIGHT from neutral.

Deutsche Telekom: AlphaValue upgrades to BUY from add with a price target of EUR10.80.

France Télécom: Nomura upgrades to BUY from underweight.

Imerys: AlphaValue upgrades to BUY from add with a price target of EUR51.60.

JC Decaux: AlphaValue upgrades to ADD from reduce with a price target of EUR3.90.

M.D.

European broker round-up
Posted on: 20 Apr 2012 by Georgia Manors

Continental: HSBC recommends OVERWEIGHT and raises price target to EUR87 from EUR81.

Iberdrola: UBS upgrades to BUY from neutral.

Peugeot: Morgan Stanley reiterates OVERWEIGHT with a price target of EUR14.

Tele2: AlphaValue upgrades to BUY from add.

MJ.J.

European broker round-up
Posted on: 19 Apr 2012 by Georgia Manors

Bank of Ireland: AlphaValue downgrades to REDUCE from add with a price target of EUR0.10.

Danone: Nomura reiterates BUY with a price target of EUR62.

Inditex: Bernstein initiates coverage at NEUTRAL with a price target of EUR73.

Natixis: AlphaValue upgrades to BUY from add with a price target of EUR2.90.

Repsol: Société Générale downgrades to HOLD from buy. Natixis lowers price target to EUR17.20 from EUR21.50. Credit Suisse lowers price target to EUR20 from EUR25.

MJ.J.

European broker round-up
Posted on: 18 Apr 2012 by Georgia Manors

Alcatel Lucent: Citigroup lowers its price target to EUR1.30 from EUR1.50. Credit Suisse reiterates UNDERWEIGHT with a price target of EUR1.60.

Repsol: Nomura recommends BUY and lowers price target to EUR20 from EUR24.

Thyssenkrupp: Davy Research upgrades to OVERWEIGHT from underweight.

Vallourec: UBS reiterates NEUTRAL and lowers its price target to EUR50 from EUR57.

Vivendi: CM-CIC reiterates HOLD with a price target of EUR17. Nomura reiterates NEUTRAL with a price target of EUR16.20.

MJ

European broker round-up
Posted on: 17 Apr 2012 by Georgia Manors

Almirall: Jefferies recommends HOLD and raises its price target to EUR7 from EUR5.50.

Carrefour: SA- ING upgrades to HOLD from sell.

LVMH: Oddo reiterates BUY and raises its price target to EUR151 from EUR150.

Repsol: Jefferies downgrades to HOLD from buy and lowers its price target to EUR22 from EUR27; Analysts at Inversis maintain their long-term BUY recommendation; Citigroup reiterates BUY and lowers its price target to EUR20.50 from EUR25.50.

MJ

European broker round-up
Posted on: 16 Apr 2012 by Georgia Manors

Areva: CM-CIC upgrades to BUY from hold with a price target of EUR23.

Casino Guichard: Oddo reiterates BUY with a price target of EUR84.

Indra: Barclays reiterates UNDERWEIGHT and lowers price target to EUR7.40 from EUR9.

L’Oréal: Commerzbank raises its price target to EUR100 from EUR90.

Vivendi: Cheuvreux reiterates OVERWEIGHT with a price target of EUR18.

MJ.J.

European broker round-up
Posted on: 13 Apr 2012 by Georgia Manors

Banesto: JP Morgan recommends UNDERWEIGHT and lowers price target to EUR3.10 from EUR3.50.

Banco Popular: AlphaValue upgrades to ADD from reduce with a price target of EUR2.70.

FCC: UBS recommends NEUTRAL and lowers the price target to EUR15.30 from EUR20.

Havas: Citigroup reiterates BUY and raises its price target to EUR4.90 from EUR4.50.

Schneider Electric: Société Générale reiterates BUY with a price target of EUR60.

Thales: Oddo reiterates NEUTRAL with a price target of EUR29.

MJ.J.

European broker round-up
Posted on: 12 Apr 2012 by Georgia Manors

Air France-KLM: Natixis reiterates BUY with a price target of EUR7.

Carrefour: Berenberg downgrades to SELL from hold and lowers price target to EUR18 from EUR21.

Nokia: UBS reiterates NEUTRAL and lowers price target to EUR3.20 from EUR4.10.

PPR: Morgan Stanley downgrades to UNDERWEIGHT from neutral and raises price target to EUR120 from EUR116.

Veolia Environnement: Morgan Stanley reiterates OVERWEIGHT with a price target of EUR14.

MJ.J.

European broker round-up
Posted on: 11 Apr 2012 by Georgia Manors

Bouygues: Natixis reiterates BUY with a price target of EUR32.50.

Dexia: ING reiterates SELL with a price target of EUR0.10.

Jazztel: Citi upgrades to BUY from neutral.

L’Oréal: Credit Suisse reiterates UNDERWEIGHT and raises its price target to EUR80 from EUR76.

Nexity: AlphaValue upgrades to BUY from add with a price target of EUR27.10.

Telefónica: UBS upgrades to NEUTRAL from sell.

MJ.J.

European broker round-up
Posted on: 10 Apr 2012 by Georgia Manors

Air France-KLM: Morgan Stanley reiterates NEUTRAL.

Bouygues: Credit Suisse initiates coverage at UNDERWEIGHT.

Carrefour: Jefferies reiterates HOLD with a price target of EUR17.

Crédit Agricole: Exane BNP Paribas reiterates NEUTRAL with a price target of EUR5.10.

GDF Suez: Natixis reiterates UNDERWEIGHT with a price target of EUR19.

Total: Kepler upgrades to BUY from hold.

Veolia Environnement: Nomura upgrades to BUY from neutral and raises its price target to EUR15 from EUR11.50.

MJJ

European broker round-up
Posted on: 05 Apr 2012 by Georgia Manors

Top European stock recommendations of the day:

Ageas: AlphaValue upgrades to REDUCE from sell and lowers price target to EUR1.40 from EUR1.50.

Veolia Environnement: Oddo reiterates NEUTRAL with a price target of EUR13.

Altran Technologie: Kleper reiterates BUY and raises price target to EUR6.50 from EUR5.00. Gilbert Dupont reiterates BUY and raises price target to EUR5.50 from EUR5.10.

Pernod Ricard: Barclays Capital reiterates OVERWEIGHT and raises price target to EUR91 from EUR81.

MJ.J.

European broker round-up
Posted on: 04 Apr 2012 by Georgia Manors

EDF: Kepler upgrades to BUY from underweight and raises price target to EUR19 from EUR17.

Eni: UBS reiterates BUY and raises price target to EUR21 from EUR19.50.

Ferrovial: AlphaValue upgrades to BUY from add and lowers price target to EUR10.30 from EUR10.40.

Mapfre: Barclays recommends NEUTRAL and lowers price target to EUR2.92 from EUR3.03.

Mobistar: Cheuvreux reiterates overweight with a price target of EUR18.

Vivendi: AlphaValue downgrades to REDUCE from add and lowers price target to EUR60 from EUR75.90.

MJ.J.

European broker round-up
Posted on: 03 Apr 2012 by Georgia Manors

Top European stock recommendations of the day:

BNP Paribas: Goldman Sachs adds to its preferred stock list.

Deutsche Post: Morgan Stanley downgrades to neutral from overweight and raises its price target to EUR15 from EUR13.25.

Munich Re: Citi recommends neutral and raises its price target to EUR117.50 from EUR99.

Credit Agricole: Citi considers it least preferred in the banking sector with a price target of EUR5.30.

Axa: Oddo reiterates buy with a price target of EUR15.

Michelin: Oddo reiterates buy with a price target of EUR65.

MJ.J.

European broker round-up
Posted on: 02 Apr 2012 by Georgia Manors

Deutsche Bank: Goldman Sachs reiterates NEUTRAL and lowers price target to EUR46 from EUR47.20.

Inditex: HSBC recommends NEUTRAL and raises price target to EUR77 from EUR73.

Lafarge: HSBC reiterates NEUTRAL and raises price target to EUR37 from EUR27.

Société Générale: Goldman Sachs reiterates NEUTRAL and lowers price target to EUR29 from EUR30.

Veolia Environnement: Morgan Stanley upgrades to OVERWEIGHT from neutral and raises price target to EUR14 from EUR12.

MJ.J.

European broker round-up
Posted on: 30 Mar 2012 by Georgia Manors

BME: AlphaValue upgrades to BUY from add and lowers the price target to EUR23.50 from EUR23.60.

GDF Suez: Credit Suisse maintains at UNDERWEIGHT with a price target of EUR20.

Prisa: UBS reiterates SELL and lowers the price target to EUR0.44 from EUR0.60.

Suez Environnement: Credit Suisse upgrades to OVERWEIGHT from neutral and raises the price target to EUR14 from EUR12.

Thales: Citigroup reiterates NEUTRAL with a price target of EUR30.

M.D.

European broker round-up
Posted on: 29 Mar 2012 by Georgia Manors

ArcelorMittal: Societe Generale downgrades to HOLD from buy.

Banco Sabadell: AlphaValue upgrades to REDUCE from sell with a price target of EUR1.90.

Grifols: JP Morgan reiterates NEUTRAL and lowers the price target to EUR18 from EUR18.25.

Vivendi: HSBC downgrades to NEUTRAL from overweight and lowers price target to EUR16 from EUR23.

M.D.

European broker round-up
Posted on: 28 Mar 2012 by Georgia Manors

Almirall: Credit Suisse upgrades to OVERWEIGHT from neutral and raises price target to EUR8 from EUR6.

Danone: UBS adds to preferred food stock list.

Eramet: Morgan Stanley reiterates UNDERWEIGHT and lowers price target to EUR152 from EUR156.

Jazztel: Kepler raises price target to EUR6 from EUR5.

Nestlé: UBS removes from preferred food stock list and downgrades to NEUTRAL from buy.

Nutreco: AlphaValue upgrades to BUY from add with a price target of EUR67.20.

Tele2: AlphaValue downgrades to ADD from buy.

Total: AlphaValue lowers price target to EUR43.30 from EUR45.80.

MJ.J.

European broker round-up
Posted on: 27 Mar 2012 by Georgia Manors

Air Liquide: JP Morgan downgrades to NEUTRAL from overweight.

BMW: UBS recommends NEUTRAL and raises its price target to EUR72 from EUR68.

BNP Paribas: Morgan Stanley reiterates OVERWEIGHT and raises price target to EUR46.10 from EUR44.70.

Cap Gemini: HSBC upgrades to OVERWEIGHT from neutral.

Crédit Agricole: Morgan Stanley reiterates UNDERWEIGHT and raises price target to EUR5.56 from EUR5.26.

Daimler: UBS recommends BUY and raises price target to EUR60 from EUR50.

EADS: Morgan Stanley reiterates OVERWEIGHT with a price target of EUR36.

Havas: Oddo reiterates BUY and raises price target to EUR5 from EUR4.20.

Lufthansa: JP Morgan upgrades to OVERWEIGHT from neutral and raises price target to EUR13 from EUR11.80.

PPR: UBS initiates coverage at BUY with a price target of EUR150.

MJ.J.

European broker round-up
Posted on: 26 Mar 2012 by Georgia Manors

Areva: Cheuvreux reiterates OVERWEIGHT with a price target of EUR25.50.

Carrefour: CM-CIC reiterates BUY with a price target of EUR24.

Hermes International: Raymond James reiterates UNDERWEIGHT but raises its price target to EUR170 from EUR135.

France Telecom: JP Morgan reiterates UNDERWEIGHT and lowers its price target to EUR10.50 from EUR12.40.

Saint-Gobain: CM-CIC reiterates BUY and raises price target to EUR42 from EUR39.

Scor Re: UBS reiterates BUY and raises price target to EUR27 from EUR22.

STMicroelectronics: Cheuvreux upgrades to OVERWEIGHT and raises price target to EUR7.30 from EUR6.00.

MJ.J.

European broker round-up
Posted on: 23 Mar 2012 by Georgia Manors

BMW: DZ Bank reiterates SELL and raises price target to EUR58 from EUR52.

CGGVeritas: JP Morgan upgrades to NEUTRAL.

Deutsche Bank: RBC upgrades to OVERWEIGHT from neutral.

Henkel: AlphaValue upgrades to ADD from reduce with a price target of EUR48.40.

STMicroelectronics: UBS reiterates NEUTRAL and raises price target to EUR6 from EUR5.

MJ.J.

European broker round-up
Posted on: 22 Mar 2012 by Georgia Manors

Air France-KLM: Oddo reiterates BUY.

CaixaBank: AlphaValue upgrades to BUY from add with a price target of EUR4.

CGG Veritas: AlphaValue upgrades to ADD from reduce and raises price target to EUR24.20 from EUR22.90.

Eiffage: Kepler upgrades to BUY from underweight.

Siemens: Credit Suisse raises price target to EUR90 from EUR79 with an overweight recommendation.

Societe Generale: ING reiterates HOLD and lowers price target by 34% to EUR17.60.

MJ.J.

European broker round-up
Posted on: 21 Mar 2012 by Georgia Manors

Bekaert: AlphaValue downgrades to add from buy and lowers its price target to EUR30.30 from EUR49.50.

Deutsche Lufthansa: AlphaValue downgrades to SELL from add and lowers the price target to EUR8.40 from EUR10.90.

Gas Natural: UBS upgrades to BUY from neutral and raises its price target to EUR15 from EUR13.50.

Julius Baer: AlphaValue upgrades to ADD from reduce.

Lafarge: Oddo reiterates NEUTRAL with a price target of EUR39.

Penord Ricard: UBS downgrades to NEUTRAL from buy and replaces the stock with AB Inbev on its preferred stock list.

Thales: HSBC maintains NEUTRAL and raises the price target to EUR31 from EUR26.50; Cheuvreux reiterates OVERWEIGHT with a price target of EUR35.

M.D.

European broker round-up
Posted on: 20 Mar 2012 by Georgia Manors

Banco Sabadell: UBS recommends SELL and lowers price target to EUR1.80 from EUR2.07.

BNP Paribas: Barclays Capital reiterates OVERWEIGHT and raises price target to EUR49 from EUR39.

Credit Agricole: Oddo reiterates BUY with a price target of EUR6.60.

H&M: ING recommends BUY and raises price target to 280 from 270 krones.

Inditex: ING adds to preferred stock list, upgrades to BUY from hold and raises price target to EUR82 from EUR75.

Technip: UBS reiterates BUY and raises its price target to EUR105 from EUR90.

Vivendi: Oddo reiterates NEUTRAL with a price target of EUR16.

MJ.J.

European broker round-up
Posted on: 19 Mar 2012 by Georgia Manors

CNP Assurances: Goldman Sachs upgrades to BUY from neutral.

Valeo: CM-CIC reiterates BUY with a price target of EUR52.

Alstom: Natixis reiterates BUY with a price target of EUR35.

Pernod Ricard: Raymond James reiterates OVERWEIGHT with a price target of EUR82.

MJ.J.

European broker round-up
Posted on: 16 Mar 2012 by Georgia Manors

Alstom: Societe Generale reiterates HOLD with a price target of EUR32.

Havas: CM-CIC reiterates BUY with a price target of EUR4.60.

Iberdrola: UBS upgrades to NEUTRAL from sell and raises price target to EUR4.65 from EUR4.00.

Inditex: Mirabaud recommends UNDERWEIGHT and raises price target to EUR67 from EUR64.60.

Publicis: CM-CIC reiterates OVERWEIGHT with a price target of EUR46.

Repsol: RBC recommends NEUTRAL and lowers price target to EUR20 from EUR26.

Veolia: UBS upgrades to NEUTRAL from sell.

MJ.J.

European broker round-up
Posted on: 14 Mar 2012 by Georgia Manors

Eiffage: CM-CIC reiterates BUY and raises the price target to EUR39 from EUR35.

Gamesa: Sabadell reiterates BUY and lowers price target to EUR4.75 from EUR6.10.

Inditex: Liberum downgrades to HOLD from buy and raises price target to EUR70 from EUR68.

Technip: CM-CIC reiterates BUY with a price target of EUR92.

MJ.J.

European broker round-up
Posted on: 13 Mar 2012 by Georgia Manors

ADP: Natixis reiterates BUY with a price target of EUR65.

Banca Civica: Nomura reiterates BUY and lowers price target to EUR3.10 from EUR4.40.

Banco Popular: Nomura reiterates REDUCE and lowers price target to EUR2.90 from EUR3.60.

Banco Santander: Nomura reiterates NEUTRAL and lowers price target to EUR7.90 from EUR8.00.

Banesto: Nomura reiterates BUY and lowers price target to EUR5.70 from EUR6.00.

Bankia: Nomura reiterates REDUCE and lowers price target to EUR3.80 from EUR4.20.

Bankinter: Nomura reiterates REDUCE and raises price target to EUR3.10 from EUR2.90.

BBVA: Nomura reiterates REDUCE and lowers price target to EUR7.70 from EUR8.30.

CaixaBank: Nomura reiterates NEUTRAL and lowers price target to EUR3.20 from EUR4.50.

EADS: Cheuvreux keeps the stock on its preferred stock list with a price target of EUR35; Deutsche Bank reiterates BUY and raises price target to EUR33 from EUR26.

Enagas: Goldman Sachs adds it to its preferred stock list.

GDF Suez: Exane BNP Paribas downgrades to NEUTRAL from oerweight and lowers price target to EUR21 from EUR25.50.

REE: Goldman Sachs includes it on its preferred stock list.

Repsol: Morgan Stanley reiterates NEUTRAL and lowers price target to EUR23 from EUR25.

MJ.J.

European broker round-up
Posted on: 12 Mar 2012 by Georgia Manors

Accor: Credit Suisse upgrades to OVERWEIGHT from neutral.

Banco Sabadell: N+1 upgrades to STRONG BUY from neutral with a price target of EUR2.80.

Banco Santander: ING upgrades to BUY from hold.

BBVA: ING downgrades to HOLD from buy.

EADS: Exane reiterates OVERWEIGHT and raises price target by 6% to EUR34.

Fiat: AlphaValue downgrades to SELL from reduce and lowers price target to EUR3.30 from EUR4.30.

REE: UBS upgrades to NEUTRAL from sell.

MJ.J.

European broker round-up
Posted on: 09 Mar 2012 by Georgia Manors

Repsol: JP Morgan recommends NEUTRAL and lowers its price target to EUR22 from EUR25.

Endesa: S&P lowers its long-term debt rating to ‘BBB+’ from ‘A-’.

EADS: Kepler recmomends BUY and raises price target to EUR34 from EUR28.

Enel: Bank of America Merrill Lynch downgrades to UNDERWEIGHT from neutral.

Intesa Sanpaolo: Société Générale downgrades to HOLD from buy.

NYSE-Euronext: AlphaValue upgrades to BUY from add and raises price target to EUR26.80 from EUR26.70.

MJ.J.

European broker round-up
Posted on: 08 Mar 2012 by Georgia Manors

Iberdrola: BPI recommends OVERWEIGHT and lowers price target to EUR5.55 from EUR6.05.

FCC: AlphaValue upgrades to BUY from add and raises price target to EUR21.50 from EUR21.40.

NH Hoteles: AlphaValue upgrades to BUY from add with a price target of EUR2.70.

Renault: UBS upgrades to BUY from neutral.

Atos: HSBC downgrades to NEUTRAL from overweight.

Air France-KLM: Credit Suisse reiterates OVERWEIGHT with a price target of EUR3.85.

AXA: Credit Suisse reiterates OVERWEIGHT with a price target of EUR17.

Deutsche Bank: AlphaValue upgrades to ADD from reduce and raises price target to EUR9.70 from EUR9.

MJ.J.

European broker round-up
Posted on: 07 Mar 2012 by Georgia Manors

Ferrovial: Kleper recommends BUY and raises its price target to EUR12.30 from EUR11.60.

Deutsche Boerse: UBS recommends BUY. AlphaValue upgrades to BUY from add and lowers its price target to EUR58 from EUR58.50.

Société Générale: AlphaValue upgrades to BUY from add and raises its price target to EUR31 from EUR27.90.

EADS: Deutsche Bank reiterates BUY and raises its price target to EUR26 from EUR25.

RWE: Natixis upgrades to NEUTRAL from underweight.

ADP: AlphaValue upgrades to BUY from add and lowers price target to EUR72 from EUR72.50.

Total: AlphaValue upgrades to ADD from reduce and raises price target to EUR46 from EUR43.60.

Lafarge: UBS upgrades to BUY from neutral and raises price target to EUR42 from EUR30.

Deutsche Bank: ING initiates coverage at BUY with a price target of EUR44.70.

MJ.J.

European broker round-up
Posted on: 06 Mar 2012 by Georgia Manors

Banca Cívica: Credit Suisse recommends UNDERWEIGHT and raises its price target to EUR2.00 from EUR1.90.

FCC: Goldman Sachs upgrades to NEUTRAL from sell.

BME: AlphaValue upgrades to BUY from add with a price target of EUR24.30.

Banco Sabadell: AlphaValue downgrades to REDUCE from buy and lowers its price target to EUR1.90 from EUR2.10.

Total: AlphaValue upgrades to ADD from redice and raises its price target to EUR46 from EUR43.60.

Lafarge: UBS upgrades to BUY from neutral and raises its price target to EUR42 from EUR30.

Deutsche Bank: ING initiates coverage at BUY with a price target of EUR44.70.

MJ.J.

European broker round-up
Posted on: 02 Mar 2012 by James Farmer

Sacyr: Exane lowers its price target to EUR4.50 and reiterates OVERWEIGHT recommendation.

BBVA: Citi places stock on its least preferred list among European banks.

Telefonica: JP Morgan lowers its price target to EUR17 from EUR19.

Societe Generale: Citi places stock on its preferred list among European banks.

European utilities: Goldman upgrades to OVERWEIGHT from neutral.

Schneider Electric: AlphaValue downgrades to REDUCE from buy and raises price target to EUR52.80 from EUR52.70.

Vallourec: AlphaValue downgrades to ADD from buy and raises its price target to EUR62.80 from EUR62.

MJ.J.

European broker round-up
Posted on: 01 Mar 2012 by James Farmer

Amadeus: UBS recommends BUY.

Prosegur: Exane reiterates NEUTRAL and lowers price target by 3% to EUR37.50.

Repsol: AlphaValue upgrades to BUY from add and lowers price target to EUR24.50 from EUR24.60.

Jazztel: Barclays recommends OVERWEIGHT and raises price target to EUR6 from EUR5.59.

Natixis: AlphaValue downgrades to ADD from buy with a price target of EUR20.10.

MJ.J.

European broker round-up
Posted on: 29 Feb 2012 by James Farmer

FCC: Exane BNP Paribas reiterates NEUTRAL and raises its price target by 13% to EUR21.50.

Vocento: UBS downgrades to SELL from neutral.

Fiat: AlphaValue upgrades to REDUCE from sell with a price target of EUR4.20.

TomTom: AlphaValue upgrades to REDUCE from sell with a price target of EUR3.50.

Peugeot: Commerzbank reiterates NEUTRAL with a price target of EUR15.50.

MJ.J.

European broker round-up
Posted on: 28 Feb 2012 by James Farmer

Bankia: Barclays downgrades to NEUTRAL from underweight with a price target of EUR2.

Santander: Citigroup issues NEUTRAL recommendation and raises price target to EUR6.40 from EUR6.10.

Caixabank: Citigroup recommmends SELL and lowers price target to EUR2.60 from EUR2.70.

Inditex: Goldaman Sachs removes stock from its Conviction Buy List.

Indra: Exane BNP Paribas recommends UNDERWEIGHT and lowers price target by 9% to EUR8.60.

Gamesa: ING recommends SELL and lowers price target to EUR2 from EUR2.60.

Banco Espirito Santo: AlphaValue upgrades to BUY from add with a price target of EUR2.

Volvo: AlphaValue upgrades to ADD from reduce.

Basf: AlphaValue downgrades to REDUCE from add with a price target of EUR66.20.

NYSE-Euronext: AlphaValue downgrades to ADD from buy and raises its price target to EUR26.90 from EUR26.80.

MJ.J.

European broker round-up
Posted on: 27 Feb 2012 by James Farmer

Acciona: Exane BNP Paribas lowers price target by 14% to EUR62.

Prosegur: Exane reiterates NEUTRAL recommendation and lowers price target by 7% to EUR38.50.

Iberdrola: Nomura downgrades to UNDERWEIGHT from neutral.

Indra: Morgan lowers price target to EUR9 from EUR10.50.

Amadeus: Exane BNP Paribas raises price target by 6% to EUR17.

Thales: UBS downgrades to SELL from neutral.

Atos: Oddo downgrades to NEUTRAL from buy and raise price target to EUR44 from EUR43.

Lafarge: CM-CIC reiterates BUY and raises price target to EUR45 from EUR41.

MJ.J.

European broker round-up
Posted on: 24 Feb 2012 by James Farmer

Gamesa: Exane BNP maintains UNDERWEIGHT recommendation and lowers price target by 20%.

Iberdrola: Natixis downgrades to NEUTRAL from buy.

Banco Sabadell: AlphaValue upgrades to BUY from add with a price target of EUR3.

Mediaset España: Exane BNP reiterates HOLD and lowers price target by 20% to EUR4.50.

Antena3: Societe Generale downgrades to HOLD from buy and lowers price target to EUR4.50 from EUR5.00.

Nokia: Natixis downgrades to UNDERWEIGHT from neutral.

Natixis: Goldman Sachs upgrades to NEUTRAL from sell.

Atos: Oddo downgrades to NEUTRAL from buy.

M.D.

European broker round-up
Posted on: 23 Feb 2012 by James Farmer

Banco Popular: UBS includes stock on its least preferred stock list. AlphaValue upgrades to ADD from reduce and lowers price target to EUR3.40 from EUR3.50.

Caixabank: AlphaValue upgrades to ADD from reduce and lowers price target to EUR4.00 from EUR4.10.

Faes Farma: AlphaValue upgrades to BUY from reduce with a price target of EUR1.90.

Enel: Citigroup downgrades to SELL from neutral.

MJ.J.

European broker round-up
Posted on: 22 Feb 2012 by James Farmer

Enagas: Goldman Sachs raises price target to €24 from €23.50 and reiterates BUY recommendation.

Viscofan: Exane BNP Paribas reiterates BUY and raises price target by 6% to €35.

Renault: Citigroup reiterates BUY and raises price target to €46 from €35; Morgan Stanley reiterates OVERWEIGHT and raises price target to €60 from €40; AlphaValue recommends SELL and lowers price target to €29.60 from €32.50.

Thyssenkrupp: AlphaValue upgrades to REDUCE from sell and lowers its price target to €19.70 from €19.80.

Michelin: AlphaValue downgrades to ADD from buy and lowers its price target to €63.30 from €70.50.

MJ.J.

European broker round-up
Posted on: 21 Feb 2012 by James Farmer

ArcelorMittal: UBS removes from its preferred stock list.

Ebro Foods: Exane BNP Paribas issues NEUTRAL recommendation and raises the price target by 4% to €15.60.

Technip: AlphaValue downgrades to REDUCE from buy and raises the price target to €82.60 from €81.70.

Volvo: AlphaValue downgrades to REDUCE from buy.

L’Oréal: Citigroup downgrades to NEUTRAL from buy.

Air Liquide: Crédit Suisse reiterates NEUTRAL recommendation with a price target of €109.

MJ.J.

European broker round-up
Posted on: 20 Feb 2012 by James Farmer

Grifols: UBS initiates coverage on B shares with BUY recommendation and a price target of €13.20.

Red Electrica: Nomura reiterates UNDERWEIGHT.

Societe Generale: Natixis reiterates NEUTRAL and raises price target to €24 from €22; Morgan Stanley raises its price target to €27.70 from €25.30.

Banco Espirito Santo: AlphaValue downgrades to ADD from buy with a price target of €2.

Eiffage: AlphaValue downgrades to ADD from buy with a price target of €29.70.

Vallourec: AlphaValue downgrades to ADD from buy with a price target of €67.

MJ.J.

European broker round-up
Posted on: 17 Feb 2012 by James Farmer

Abertis: Exane BNP downgrades to NEUTRAL from overweight.

Gamesa: Citi downgrades to NEUTRAL from buy; UBS lowers price target to €3.00 from €3.50.

Faes Farma: Exane recommends UNDERWEIGHT and lowers price target by 8% to €1.20.

Almirall: Exane recommends OVERWEIGHT and lowers price target by 3% to €7.30.

Ferrovial: AlphaValue upgrades to ADD from reduce with a price target of €10.10.

NH Hoteles: AlphaValue upgrades to ADD from reduce with a price target of €2.70.

LVMH: AlphaValue upgrades to BUY from add with a price target of €154.40.

Societe Generale: ING reiterates HOLD with a price target of €17.60; Credit Suisse reiterates NEUTRAL with a price target of €29.10; Nomura reiterates UNDERWEIGHT and lowers its price target to €26 from €28; Oddo reiterates NEUTRAL with a price target of €34.

Peugeot: CM-CIC reiterates BUY with a price target of €22.

BNP Paribas: Natixis reiterates BUY with a price target of €41.

AXA: CM-CIC reiterates BUY with a price target of €16.

MJ.J.

European broker round-up
Posted on: 16 Feb 2012 by James Farmer

Banesto: Goldman Sachs upgrades to BUY from neutral.

BNP Paribas: Societe Generale downgrades to BUY from hold; CM-CIC reiterates BUY with a price target of €55; ING reiterates BUY with a price target of €38.50.

Accor: AlphaValue downgrades to SELL from reduce and lowers its price target to €26.30 from €26.20.

Adidas: AlphaValue downgrades to SELL from reduce and lowers its price target to €50.90 from €51.90.

ThyssenKrupp: AlphaValue downgrades to SELL from reduce and lowers its price target to €18.90 from 21.20.

Credit Agricole: AlphaValue upgrades to ADD from reduce with a price target of €5.50.

Banco Espirito Santo: AlphaValue upgrades to BUY from add with a price target of €1.90.

Peugeot: AlphaValue upgrades to REDUCE from sell with a price target of €14.10.

MJ.J.

European broker round-up
Posted on: 15 Feb 2012 by James Farmer

BBVA: Exane BNP Paribas downgrades to UNDERWEIGHT from overweight.

Bankia: Exane BNP Paribas lowers its price target to €2 from €3.30.

Mediaset: Deutsche Bank downgrades to SELL from buy.

Antena 3 TV: Deutsche Bank downgrades to SELL from hold.

Enagás: Société Générale downgrades to HOLD from buy with a price target of €16.30.

Crédit Agricole: AlphaValue upgrades to ADD from reduce with a price target of €5.50.

Banco Espirito Santo: AlphaValue upgrades to BUY from add with a price target of €1.90.

Peugeot: AlphaValue upgrades to REDUCE from sell with a price target of €14.10.

MJ.J.