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GLOBAL BROKER RATINGS: Morgan Stanley raises Adidas; BofA cuts ABB

(Alliance News) - The following global blue-chips received analyst recommendations Friday and Monday:

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BASIC RESOURCES

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Kepler Cheuvreux raises BASF to 'buy' (hold) - price target 65 (44) EUR

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Exane BNP cuts BASF to 'underperform' (neutral) - price target 44 EUR

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Kepler Cheuvreux raises Covestro to 'buy' (hold) - price target 65 (45) EUR

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Kepler Cheuvreux raises Lanxess to 'buy' (hold) - price target 31 (26.20) EUR

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CONSUMER DISCRETIONARY

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Bank of America raises Knorr-Bremse price target to 70 (65) EUR - 'neutral'

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Deutsche Bank reinitiates Hella with 'hold' - price target 70 EUR

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Barclays raises Porsche AG price target to 100 (80) EUR - 'equal weight'

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HSBC raises Zalando price target to 33 (27) EUR - 'buy'

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Metzler raises Zalando price target to 30 (26) EUR - 'buy'

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Morgan Stanley raises Adidas to 'overweight' (underweight) - price target 235 (175) EUR

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Goldman Sachs cuts Puma price target to 66 (70) EUR - 'buy'

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JPMorgan cuts Puma price target to 45 (50) EUR - 'neutral'

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RBC cuts Hugo Boss price target to 66 (70) EUR - 'outperform'

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DZ Bank cuts fair value for Hugo Boss to 55 (57) EUR - 'hold'

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CONSUMER STAPLES

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Kepler Cheuvreux raises Tesco to 'buy' (hold) - price target 345 (305) pence

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RBC raises AB Foods price target to 2,700 (2,650) pence - 'outperform'

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FINANCIALS

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Warburg raises Deutsche Boerse price target to 227 (226) EUR - 'buy'

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Deutsche Bank raises Zurich price target to 445 (425) CHF - 'hold'

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HEALTH CARE

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Barclays raises AstraZeneca price target to 13,000 (12,500) pence - 'overweight'

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INDUSTRIALS

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Bank of America raises Rational price target to 630 (595) EUR - 'underperform'

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RBC raises Rational price target to 550 (500) EUR - 'underperform'

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Bank of America raises GEA Group price target to 47 (45) EUR - 'buy'

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Bank of America cuts ABB to 'neutral' (buy)

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RBC raises ABB price target to 40 (39) CHF - 'sector perform'

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UBS raises ABB price target to 43 (40) CHF - 'neutral'

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Bank of America raises Siemens to 'buy' (neutral) - price target 210 (180) EUR

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Stifel raises Heidelberg Materials price target to 108 (100) EUR - 'buy'

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UBS raises Heidelberg Materials price target to 105 (86) EUR - 'neutral'

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Berenberg raises Airbus price target to 120 (106) EUR - 'sell'

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Exane BNP raises Mondi to 'neutral' (underperform) - price target 1,330 (1,190) pence

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Stifel cuts Hochtief to 'hold' (buy) - price target 107.0 (115.5) EUR

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RBC raises IMI price target to 2,250 (2,150) pence - 'outperform'

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Berenberg raises Intertek price target to 5,400 (4,900) pence - 'buy'

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Jefferies cuts Spirax-Sarco price target to 9,690 (9,740) pence - 'hold'

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TECHNOLOGY

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Bank of America raises Prysmian price target to 60 (51) EUR - 'buy'

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Oddo BHF raises SAP price target to 188 (160) EUR - 'neutral'

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Deutsche Bank cuts Hensoldt to 'hold' (buy) - price target 41 (35) EUR

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UTILITIES

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Deutsche Bank cuts Severn Trent target to 2,600 (2,700) pence - 'hold'

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Deutsche Bank cuts United Utilities target to 1,060 (1,100) pence - 'hold'

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Deutsche Bank raises Engie price target to 16.50 (16.00) EUR - 'buy'

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Deutsche Bank cuts Enel price target to 6.30 (6.70) EUR - 'hold'

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