Thomson Financial News at a glance - Today's UK, European broker recommendations

Thomson Financial News at a glance - Today's UK, European broker recommendations

	Published : Wed, 18 Apr 2007 11:26 By : Agencies Print this Story

LONDON (Thomson Financial) - UK and European brokers' recommendations issued today, as collated by Thomson Financial News from a range of market sources.

DEUTSCHE BANK

Downgrade Hold from buy Independent News & Media, target 3.65 eur, valuation call

DRESDNER KLEINWORT

Downgrade Hold from add Thorntons, target 185 pence -- Reiterate Buy Umbro, ups target to 205 pence from 180 -- Add Philips Electronics, ups target to 33 eur from 32

GOLDMAN SACHS

Downgrade Sell from neutral National Express, ups target 1,100 pence from 959 -- Initiate Neutral Vocento, target 15.40 eur -- Reiterate Sell Burberry, ups target to 618 pence from 600 - Buy Go-Ahead Group, ups target to 2,750 pence from 2,550 - Sell LOreal, ups target to 77.00 eur from 75 - Sell Remy Cointreau, ups target to 35.5 eur from 34.5 - Buy Tomra Systems, cuts target to 53.2 eur from 55.5 - Buy X5 Retail Group, cuts target to 41.01 usd from 42.35 -- Sell Scottish & Southern Energy, ups target to 1,041 pence from 1,018, adds to Conviction Sell list

CITIGROUP

IT Services: Downgrade Sell from hold Atos Origin; Reiterate Buy Capgemini, ups target to 70 eur -- Reiterate Buy Ferrovial, ups target to 94 eur from 75 -- Hold Debenhams, cuts target to 160 pence from 190 -- Hold Michael Page, ups target to 590 pence from 500 -- Hold Tesco, ups target to 450 pence from 380

CREDIT SUISSE

Downgrade Underperform from neutral Mobistar, cuts target to 62 eur from 66 -- Reiterate Outperform LOreal, ups target to 95 eur from 88, raises estimates

HSBC

UK Gaming: Downgrade Underweight from neutral Paddy Power, ups target to 20.20 eur; Reiterate Neutral William Hill, ups target to 680 pence; Overweight Rank Group, cuts target to 240 pence -- Downgrade Neutral from overweight Vinci, ups target to 120 eur from 115 Resume Neutral E.ON, fair value 120 eur -- Reiterate Overweight Metka, ups target to 16.5 eur from 12.5 - Overweight Suss Microtec, ups target to 12.0 eur from 9.8 - Overweight Spectris, ups target to 1.030 pence from 948 - Neutral TeliaSonera, ups target to 63 skr from 60 - Neutral Vimpelcom, ups target to 104 usd from 88

CHEUVREUX

Downgrade Underperform from outperform LOreal, ups target to 91 eur from 88 - Upgrade Outperform from underperform Autostrada TOMI/SIAS, target 20.15 eur - Upgrade Outperform from underperform Lafuma, target 66 eur - Upgrade Outperform from underperform SSAB, ups fair value to 250 skr from 190 - Outperform Banca Italease, cuts target by 5 pct to 59 eur, reduces estimates - Underperform GEA Group, ups target to 21 eur from 16 - Outperform Stallergenes, ups target to 58 eur from 60 - Underperform Burberry, ups target to 730 pence

EXANE BNP PARIBAS

Downgrade Neutral from outperform Cegedim, target 77 eur -- Reiterate Outperform Zodiac, ups target to 65 eur from 55 Outperform Burberry, ups target to 550 pence from 520 Neutral Enagas, ups fair value by 2 pct to 18.3 eur, raises estimates Outperform Stallergenes, ups target to 55.0 eur from 53.3

ING

Downgrade Hold from buy Telecom Italia, target 2.45 eur Reiterate Buy LOreal, ups target to 97.5 eur from 90

KBC PEEL HUNT

Upgrade Reduce from sell Dana Petroleum, ups estimates - Reiterate Buy Prezzo, ups target to 100 pence