Thursday January 10, 12:30 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.
DRESDNER KLEINWORT
Downgrade Add from Buy Luminar -
Buy BP Buy William Hill Hold J Sainsbury
Hold Praktiker Reduce Regent Inns - Initiate Buy Krones, sets 61 eur target Initiate Buy Rhoen-Klinikum, sets 61 eur target
ABN AMRO (Amsterdam: AABA.AS - news)
Buy Crystalox Solar Hold BP, cuts Q4 forecast by 21 pct to 4.7 bln usd Hold StatoilHydro Buy William Hill Buy ASML
UBS
Neutral C&C Group Buy Enel Buy TGS Wavefield Neutral SABMiller Buy British Airways Buy Statoil Sell Bankinter -- Downgrade Neutral from buy Marks & Spencer, target 425p vs 700p Downgrade Neutral from buy Boliden (Stockholm: BOLI.ST - news) , target 80 skr vs 130 Upgrade Neutral from sell DSM, target 33 eur vs 35 eur
CITIGROUP (NYSE: C - news)
Hold SIG Upgrade Buy from hold Alpha Bank Buy Accor Sell Banco Popular Hold Banesto Sell Bankinter Sell Banco Sabadell Buy Greene King Hold JD Wetherspoon Buy M&S Hold Next Hold Novartis Buy Persimmon Buy Restaurant Group, cuts target 250p from 360p - Buy Rotork Buy Sol Melia, cuts target 14 eur from 20 eur - Buy Rightmove, cuts target 550p from 685p - Initiate Hold EFG International, sets 42 sfr target Downgrade Hold from buy Dunelm, Ultra Downgrade Sell from hold Lookers (LSE: LOOK.L - news) , Greggs (LSE: GRG.L - news) , Luminar, Paddy Power Upgrade Buy from hold Babcock, Spectris Hold MoneySupermarket.com, cuts target 150p vs 165p
GOLDMAN SACHS (NYSE: GS - news)
Buy Benetton Group Sell Computacenter Buy Marks & Spencer - Upgrade Neutral from sell Antena 3 (Madrid: A3TV.MC - news)
CREDIT SUISSE
Underperform Persimmon Cadbury, ups target 600p from 570p Unilever (LSE: ULVR.L - news) , ups target to 1,680p from 1,530p Reckitt Benckiser, ups target 3,200p from 3,100p -- Neutral Seadrill, target 150 nkr vs 120 nkr Downgrade Underperform vs Outperform Marks & Spencer, target cut 350p
JP MORGAN
Upgrade Overweight from neutral Burberry Downgrade Underweight from neutral SuedZuecker neutral British Airways (LSE: BAY.L - news)
WESTLB
Upgrade Buy from add Metro (Xetra: 725750 - news) , targets 68 eur
LEHMAN
Equal-weight Kesa, cuts target 252p from 278p Overweight Statoil Hydro Overweight Santander Overweight BBVA -- Underweight Sabadell Underweight BCP Underweight BPI Overweight BES Overweight NBG Overweight Eurobank Overweight Carphone Warehouse
KBC
Reduce Finsbury Food Group Neutral Spectris
CHEUVREUX
Upgrade Outperform from underperform Gemina Downgrade Underperform from outperform PSB Industries (Paris: FR0000060329 - news)
SEYMOUR PIERCE
Outperform Hays Buy Jacques Vert Hold Liberty Outperform Mears
KAUPTHING
Upgrade Buy from fair value Marks & Spencer Buy John David Group Buy JJB Sports
MERRILL LYNCH (NYSE: MER - news)
Downgrade Neutral from buy Bang & Olufsen
MORGAN STANLEY (SPU - news)
Initiate Underweight Renewable Energy Corp Downgrade Underweight from equal-weight Tietoenator Downgrade Equal-weight from overweight Sopra Downgrade Equal-weight from overweight Logica CMG Downgrade Underweight from equal-weight GFI Informatique Downgrade Equal-weight from overweight Marks & Spencer Upgrade Overweight from equal-weight Neste Oil Upgrade Equal-weight from underweight Misys Upgrade Overweight from equal-weight Indra Upgrade Overweight from equal-weight Atos Origin (Paris: FR0000051732 - news)
HSBC
Upgrade Overweight from neutral Schroders (LSE: SDR.L - news) , cuts target 1500p vs 1650p Upgrade Neutral from underweight Marks & Spencer, cuts target 455p vs 500p German mid and small cap review,
DEUTSCHE BANK (Xetra: 514000 - news)
Buy Taylor Nelson Sofres ahead of trading update Hold Banesto in Q4 preview Buy M&S, target cut to 650p from 795 Hold Bankinter in 4Q preview Buy Drax, cuts target 790p from 950p Downgrade Hold from buy EFG, cuts target 26 eur from 33 Buy Bank of Cyprus Buy National Bank of Greece Buy KBC Buy Raiffeisen, cuts target 126 eur from 132 Hold Erste Bank, cuts target 50 eur vs 62.5 Buy Marfin, cuts target 12 eur from 13 Hold Statoil Hydro
SG SECS
Downgrade Sell from hold Scor (Paris: FR0010411983 - news)
COLLINS STEWART (LSE: CLST.L - news)
Buy Unilever Buy Hays Buy Premier Foods
BEAR STEARNS (NYSE: BSC - news)
Outperform Statoil, cuts target 196 nkr vs 215 - Outperform Carphone Warehouse ahead of trading statement Outperform Praktiker Outperform Unicredit
INVESTEC (LSE: INVP.L - news)
Buy DataCash Buy Hays Buy John David Group Buy Man Group Buy Mears Buy Monitise Hold Rathbone Brothers, puts target under review Buy Styles & Wood, Puts target under review Hold William Hill - Buy Aquarius Platinum, ups target to 700p Buy Lonmin, ups target 3,850p - Buy John David Group
EVOLUTION
Downgrade Add from buy Carphone Warehouse (LSE: CPW.L - news) - Buy Aveva Buy BP Buy Charlemagne Capital Buy Hays Buy Interserve Buy Premier Foods Add Sainsbury Add Wellstream Reduce William Hill
PANMURE GORDON
Downgrade Hold from Buy Horizon Downgrade Sell from hold Sainsbury (LSE: SBRY.L - news) , cuts target 300p vs 475p - Top picks for 2008 : Autonomy, BPP, CVS, Dairy Crest, De la rue Dignity (LSE: DTY.L - news) , Dolphin, Dominos Pizza (NYSE: DPZ - news) , Driver, Faroe Petroleum (LSE: FPM.L - news) , Hilton Food, VT Group Buy Costain Buy CVS Buy Finsbury Foods Buy Hays Buy Kesa, cuts target 240p from 400p Hold Kingfisher Buy Naya Bharat Buy Next Buy Profit Software Buy Premier Foods Buy Redrow - Buy SIG Buy Styles & Wood Buy Xaar
LANDSBANKI
Downgrade Hold from Buy Marks & Spencer - Buy Rathbone Brothers Hold Spectris Buy William Hill Buy Xaar - Buy Charlemagne Capital Buy Hays Buy Man Group
DANIEL STEWART
Initiate Buy Immunodiagnostics Initiate Buy Nighthawk Energy Buy STM Group -- Buy William Hill
WH IRELAND
Outperform Legal & General Outperform Dechra, ups target 442p from 410p Buy Restaurant Group Buy RWS Holdings
JM FINN
Buy Premier Foods Buy Spectris
BARCLAYS (LSE: BARF.L - news)
Buy Carphone Warehouse Neutral Legal & General Neutral Rexam Neutral Sainsbury Outperform Morrison
ALTIUM
Downgrade Sell from add Dimension Data Buy Mears
NUMIS
Buy Sainsbury
NOMURA
Buy Deutsche Telekom
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