XM does not provide services to residents of the United States of America.

Balfour Beatty, Energias De Portugal and Snam



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>EUROPE RESEARCH ROUNDUP-Balfour Beatty, Energias De Portugal and Snam</title></head><body>

Dec 10 (Reuters) -Securities analysts revised their ratings and price targets on several European companies, including Balfour Beatty, Energias De Portugal and Snam on Tuesday.


HIGHLIGHTS


* Balfour Beatty BALF.L: Berenberg raises target price to 510p from 475p

* BT BT.L: Barclays cuts to equal weight from overweight

* Energias De Portugal EDP.LS: HSBC cuts to hold from buy

* KPN KPN.AS: Barclays cuts to equal weight from overweight

* Snam SRG.MI: HSBC cuts to hold from buy


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


* 3I Group III.L: Citigroup adds stock to its europe focus list

* AJ Bell AJBA.L: Barclays raises target price to 470p from 430p

* ArcelorMittal SA MT.AS: Citigroup adds stock to its europe focus list

* Ashtead Group Plc AHT.L: JP Morgan cuts target price to 6,900p from 7,300p

* Ashtead Group Plc AHT.L: Peel Hunt cuts to hold from add

* Assa Abloy ASSAb.ST: Deutsche Bank raises target price to SEK 315 from SEK 305

* Avacta AVCT.L: Deutsche Bank raises to hold from sell

* BAE Systems BAES.L: Berenberg raises target price to 1,440p from 1,360p

* Balfour Beatty BALF.L: Berenberg raises target price to 510p from 475p

* Begbies Traynor Group Plc BEG.L: Canaccord Genuity raises target to 150p from 148p

* British Land BLND.L: Goldman Sachs raises to buy from neutral

* BT BT.L: Barclays cuts target price to 190p from 215p

* BT BT.L: Barclays cuts to equal weight from overweight

* Carbios SA ALCRB.PA: Stifel initiates coverage with buy rating; price target EUR 19

* Centrica CNA.L: HSBC raises target price to 140p from 130p

* Clariant AG CLN.S: Berenberg cuts target price to CHF 12.8 from CHF 16.3

* Cofinimmo SA COFB.BR: JP Morgan cuts to underweight from neutral

* Compugroup Medical SE & Co KGaA COP1n.DE: Berenberg cuts to hold from buy

* Compugroup Medical SE & Co KGaA COP1n.DE: Berenberg raises PT to EUR 22 from EUR 21

* Dianomi Plc DNM.L: Panmure Liberum cuts target price to 42p from 53p

* Domino's Pizza Group DOM.L: UBS raises target price to 390p from 380p

* DWS Group GmbH & Co KGaA DWSG.DE: JP Morgan raises to overweight from neutral

* E ON SE EONGn.DE: Citigroup adds stock to its europe focus list

* EDPR EDPR.LS: HSBC cuts to hold from buy; cuts target price to EUR 11.7 from EUR 13

* Energias De Portugal EDP.LS: HSBC cuts target price to EUR 3.8 from EUR 4.4

* Energias De Portugal EDP.LS: HSBC cuts to hold from buy

* Firstgroup Plc FGP.L: Peel Hunt raises target price to 210p from 200p

* Galderma Group AG GALD.S: RBC raises target price to CHF 101 from CHF 90

* Gecina SA GFCP.PA: JP Morgan cuts to neutral from overweight

* Globaldata Plc DATA.L: Deutsche Bank cuts target price to 228p from 250p

* Hikma HIK.L: RBC raises to outperform from sector perform

* HSBC HSBA.L: Citigroup removes stock from its europe focus list

* Ipsen SA IPN.PA: RBC raises target price to EUR 144 from EUR 140

* Jubilee Metals Group Plc JLP.L: RBC initiates coverage with outperform rating; PT 8.30p

* Klepierre LOIM.PA: JP Morgan cuts to underweight from neutral

* Kojamo Oyj KOJAMO.HE: JP Morgan cuts to underweight from neutral

* KPN KPN.AS: Barclays cuts to equal weight from overweight

* Leonardo SpA LDOF.MI: Citigroup removes stock from its europe focus list

* Londonmetric LMPL.L: JP Morgan cuts to neutral from overweight

* LSEG LSEG.L: Citigroup removes stock from its europe focus list

* M&C Saatchi SAA.L: Deutsche Bank raises target price to 266p from 240p

* Melia Hotels MEL.MC: Exane BNP Paribas raises target price to EUR 9 from EUR 8.2

* Melia Hotels MEL.MC: Exane BNP Paribas raises to outperform from neutral

* Natwest Group Plc NWG.L: Citigroup adds stock to its europe focus list

* Nexans NEXS.PA: HSBC raises target price to EUR 131 from EUR 123

* Ninety One Plc N91.L: JP Morgan cuts to underweight from neutral

* NOS NOS.LS: Barclays cuts target price to EUR 3.6 from EUR 3.9

* Novonesis NSISb.CO: Jefferies raises target price to DKK 480 from DKK 470

* Pantheon Resources Plc PANR.L: Canaccord Genuity raises target price to 90p from 80p

* Pearson PSON.L: Deutsche Bank raises target price to 1184p from 1052p

* Prosus NV PRX.AS: Citigroup removes stock from its europe focus list

* Proximus NV PROX.BR: Barclays cuts target price to EUR 7 from EUR 10.5

* Rightmove RMV.L: Deutsche Bank raises target price to 815p from 745p

* RWE RWEG.DE: HSBC cuts target price to EUR 38 from EUR 39

* S4 Capital Plc SFOR.L: Deutsche Bank cuts target price to 42p from 47p

* Schroders SDR.L: JP Morgan cuts to neutral from overweight

* Snam SRG.MI: HSBC cuts target price to EUR 4.9 from EUR 5.2

* Snam SRG.MI: HSBC cuts to hold from buy

* Sonova Holding AG SOON.S: Citigroup removes stock from its europe focus list

* SSP Group Plc SSPG.L: Kepler Cheuvreux initiates coverage with buy rating; PT 235p

* Stabilus SE STM1.DE: Berenberg cuts target price to EUR 57 from EUR 60

* Swedish Orphan Biovitrum SOBIV.ST: RBC cuts target price to SEK 400 from SEK 410

* Swiss Life Holding AG SLHN.S: UBS cuts target price to CHF 650 from CHF 670

* Telecom Italia TLIT.MI: Barclays cuts target price to EUR 0.32 from EUR 0.38

* Telecom Italia TLIT.MI: Barclays raises to overweight from equal weight

* Telefonica TEF.MC: Barclays cuts target price to EUR 4.60 from EUR 5

* Terna TRN.MI: HSBC raises target price to EUR 9.1 from EUR 9

* Unite Group UTG.L: JP Morgan raises to overweight from neutral

* Veolia Environnement VIE.PA: HSBC cuts target price to EUR 37 from EUR 38

* Watches of Switzerland WOSG.L: Stifel raises target price to 500p from 430p

* WPP Group WPP.L: Deutsche Bank raises target price to 1035p from 926p

* Zalando SE ZALG.DE: Stifel raises target price to EUR 40 from EUR 36


(Compiled by Bengaluru Newsroom)

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.