Friday May 9, 01:02 PM
Thomson Financial News at a glance - today's UK, European broker recommendations
LONDON (Thomson Financial) - UK and European brokers' recommendations issued today, as collated by Thomson Financial News from a range of market sources.
INVESTEC
Hold WS Atkins Buy Coffeheaven Sell HMV Hold IMI Buy Monitise - Downgrade Hold from buy Sage Group (LSE: SGE.L - news) - Hold Corin Group
ABN AMRO (Amsterdam: ABAGB.AS - news)
Hold CSR Buy Logica, ups ests Buy Psion Buy Intec Telecom Buy Aggreko Hold HMV Buy Laird Group Buy BSS Buy Balfour Beatty Buy Mouchel Buy WS Atkins - Upgrade Hold from sell Agfa Gevaert (Brussels: AGFB.BR - news) - Downgrade Hold from buy Arcelor Mittal - Downgrade Hold from buy Publicis (Paris: FR0000130577 - news) , WPP Buy Logica Downgrade Hold from buy TGS Nopec Buy Ahold Sell Julius Baer
DRESDNER KLEINWORT
Downgrade Hold from add Aggreko (LSE: AGK.L - news) - Downgrade Hold from add HMV, ups target 145p from 120 Downgrade Hold from add Bulgari (Milan: BUL.MI - news) , ups target 8.35 euros from 7.8 euros - Downgrade Reduce from hold Bijou Brigitte Buy IMI - Buy Aberdeen Asset Management, cuts target 175p vs 190p Add Aga Foodservice, Cuts target 340p vs 370 Hold Coca Cola Hellenic Buy GEA, ups target 31 euros from 29 Hold Generali, cuts target 30 euros from 31 Hold Inbev, cuts target 49 euros from 53.6 Buy Next, ups target 1,450p from 1,400p Buy Portugal Telecom Buy Sage Sell Signet Reduce Van Lanschot, cuts target 55 euros from 61 Buy Vestas, ups target 750 dkr from 600 Buy Diploma Buy Enterprise Inns Buy Laird - Buy Provident Financial Reduce Thomas Cook Group
KEEFE, BRUYETTE & WOODS
Outperform Hellenic Exchanges Market Perform Unipol Market Perform Generali
COMMERZBANK (Xetra: 803200 - news)
Initiate Buy BASF, sets 11 euros target Downgrade Hold from buy ElringKlinger Add Linde Buy Demag Cranes Hold Deutsche Telekom Reduce Heidelberger Druckmaschinen Buy IVG Immobilien Hold Jenoptik Reduce Premiere Buy Q-Cells
ARBUTHNOT
Strong buy Invu (LSE: NVU.L - news)
CITIGROUP (NYSE: C - news)
Downgrade Hold from buy Smth & Nephew Hold Aegon Sell Amplifon, cuts target 1.7 from 2 Hold Corporate Express Buy Croda Buy Dawnay Day, cuts target 0.8 vs 1.05 Hold Dexia Hold Fastweb, cuts target 25 vs 29.25 Buy Fortis Hold Grafton Group, cuts target 5.78 vs 6 Buy KBC Hold Pirelli, cuts target 21.1 vs 23.1 Hold Deutsche Postbank Sell Securitas Buy Sol Melia Hold Unicredit Hold Yule Catto, cuts target 160 vs 180
MORGAN STANLEY (SPU - news)
Overweight Lafarge, ups target 155 euros from 148 Underweight Aegon Equal-weight Trinity Mirror (LSE: TNI.L - news) - Downgrade Underweight from equal-weight Johnson Matthey (LSE: JMAT.L - news) - Downgrade Underweight from equal-weight HSBC
JP MORGAN
Downgrade Neutral form overweight Restaurant Group (LSE: RTN.L - news) - Downgrade Neutral form overweight JD Wetherspoon Upgrade Neutral form underweight Marstons Upgrade Overweight from neutral Greene King Overweight Demag Cranes, ups target 53.5 euros from 49 Overweight Morrison, ups target 340p from 320p neutral Sage Group, ups target 245 pence from 235 Overweight Punch Taverns, ups target 900p fro 700p Neutral Alstom, cuts target 174 euros from 167 Underweight Henkel, cuts target 33.5 euros from 35 Overweight Inbev, cuts tragte 64.5 from 69 Overweight Munich Re, cuts target 165 euros from 169 Underweight Petroplus
LEHMAN
Equal-weight Mapeley (LSE: MAY.L - news) , has 1,325 pence target Overweight Alstom, ups target 170 euros from 156 Underweight Boliden, ups target 65 skr vs 60 Overweight Demag Cranes, ups target 45 euros from 41 euros Overweight Inbev, cuts target 60 euros from 67 Overweight EDF Overweight Unicredit Equalweight Unilever
UBS (Virt-X: UBSN.VX - news)
Downgrade Neutral from buy Deutsche Postbank (Xetra: 800100 - news) - Downgrade Neutral from buy Detica - Downgrade Neutral from buy Inbev Upgrade Neutral from sell Renishaw (LSE: RSW.L - news)
CREDIT SUISSE
Outperform Telecinco, cuts target 15 euros from 25 Neutral Rhodia -- Downgrade Underperform from neutral Petroplus Upgrade Outperform from neutral Imperial Tobacco Upgrade Outperform from neutral Thomas Cook Group, ups target 315p from 274p Inititae Outperform Kuoni Initiate Neutral TUI Travel
GOLDMAN SACHS (NYSE: GS - news)
Downgrade Neutral from buy Micro Focus Downgrade Sell form neutral Majestic Wine Downgrade Sell form neutral Headlam Buy Carlsberg Buy Siemens Neutral Andritz Buy Gottex Neutral JJB Sports, ups target 135p vs 125p Neutral Manitou, cuts target 23 euros from 27 Neutral Palfinger - Neutral Petroleum Geo Services Neutral Sage Group, ups target 235p from 215 Buy Siemens, cuts target 95 euros from 100 Sell Stagecoach, ups target 220p from 200p Buy Swedish Match, cuts target 151 skr 156 neutral Terna (Milan: TRN.MI - news) , ups 3.05 euros from 2.95 euros Neutral Tullow Oil, ups target 910p from 780p Neutral Unilever, ups target 1,738 from 1,700
LANDSBANKI
Buy Balfour Beatty Buy Weir Buy Provident Financial Buy Aberdeen Asset Buy Spectris Buy Laird Group Buy Cattles Reduce Misys Hold HMV Buy RM Hold Intec Telecom Buy Psion Buy Shed Media
EVOLUTION
Buy Tullow Oil, ups target 1,129p vs 1,100 Buy British Energy Buy IMI Buy Oxford Biomedica
DANIEL STEWART
Buy Carphone Warehouse Buy Cattles - Buy Faroe Petroleum Buy Sportingbet But Ted Baker, ups ests Buy N. Brown, ups ests
COLLINS STEWART (LSE: CLST.L - news)
Buy Lanxess Buy Allianz
KAUPTHING
Downgrade Sell from fair value Next - Fair Value HMV
ALTIUM
Buy Aggreko Buy Intertek Hold HMV Hold Robert Walters
NUMIS
Downgrade Hold from add UBM -- Hold Albidon Hold Cattles Hold Euromoney Hold HMV Hold IMI Hold Intec Telecom Systems Buy moneysupermarket.com Buy Serabi mining Buy Sportingbet Hold Thomas Cook Add TUI Travel
NOMURA
Buy Deutsche Telekom Buy Nokia
FINNCAP
Initiate Buy Finders Resources
SEYMOUR PIERCE
Hold HMV Buy Intertek
DEUTSCHE BANK (Frankfurt: DB9999 - news)
Buy Linde Hold Fabege -- Downgrade Hold from buy Prosegur Buy Man AG, ups target 135 euros vs 120 Buy Unicredit, cuts target 6 euros from 6.90 euros Buy Nokian Tyres, ups target 37 euros from 35 Sell Julius Baer
WESTLB
Downgrade Hold from Buy Aegon - Downgrade Hold from Buy
Draegerwerk (Xetra: 555063 - news) -- Hold Generali Hold Heidelberg Cement Hold AMB Generali Add Freenet Buy Drillisch Add Cash.life Buy Tomorrow Focus
ING
Initiate Hold VPK Packaging Buy GlaxoSmithKline Hold Deutsche Telekom Hold Vestas Wind Systems
WH IRELAND
Initiate Buy James Halstead
HSBC
Downgrade Neutral form overweight DSGI -- Overweight Aberdeen Asset Management Overweight Veolia Overweight Vedanta Neutral OMV
CHEUVREUX
Downgrade Undeperform from outperform Unicredit (Milan: UCG.MI - news)
SANFORD BERNSTEIN
Upgrade Outperform from market perform Novartis (Virt-X: NOVN.VX - news)
SG SECS
Upgrade Hold from sell Next
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