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GLOBAL BROKER RATINGS: Berenberg cuts Eni; DZ Bank raises Merck KGaA

(Alliance News) - The following global blue-chips received analyst recommendations Wednesday and Tuesday:

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BASIC RESOURCES

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Berenberg raises BASF to 'buy' (hold) - price target 58 (50) EUR

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Jefferies cuts Lanxess price target to 24 (26) EUR - 'hold'

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HSBC raises Lanxess price target to 26 (25) EUR - 'hold'

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Warburg Research cuts Lanxess price target to 32.80 (36.50) EUR - 'buy'

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Barclays raises Givaudan price target to 3,500 (3,100) CHF - 'underweight'

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CONSUMER DISCRETIONARY

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Warburg Research raises Volkswagen price target to 165 (145) EUR - 'buy'

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HSBC cuts Entain price target to 940 (1,090) pence - 'buy'

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Citigroup raises Moncler price target to 76,50 (64) EUR - 'buy'

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Goldman Sachs cuts Kering price target to 372 (404) EUR - 'neutral'

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Bryan Garnier cuts Kering price target to 405 (422) EUR - 'neutral'

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JPMorgan cuts Kering price target to 400 (425) EUR - 'neutral'

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JPMorgan raises Pearson price target to 1,220 (1,200) pence - 'overweight'

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RBC raises Adidas price target to 230 (200) EUR - 'outperform'

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Jefferies raises Beiersdorf price target to 155 (152) EUR - 'buy'

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DZ Bank raises fair value for Porsche to 104 (98) EUR - 'buy'

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HEALTH CARE

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DZ Bank raises Merck KGaA to 'buy' (hold) - price target 185 (154) EUR

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Citigroup raises Merck KGaA price target to 210 (196) EUR - 'buy'

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HSBC raises Redcare Pharmacy to 'hold' (reduce) - price target 140 (90) EUR

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HSBC raises Redcare Pharmacy to 'hold' - price target 140 EUR

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INDUSTRIALS

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UBS raises Melrose Industries price target to 770 (690) pence - 'buy'

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LBBW raises Fraport price target to 58 (57) EUR - 'buy'

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JPMorgan cuts Fraport price target to 51 (57) EUR - 'neutral'

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Stifel starts Rational with 'hold' - price target 800 EUR

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Citigroup raises Jungheinrich price target to 35 (33) EUR - 'neutral'

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UBS raises Halma to 'buy' (neutral) - price target 2,700 (2,220) pence

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UBS cuts Spirax-Sarco to 'neutral' (buy) - price target 11,500 (12,500) pence

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UBS cuts Weir Group to 'neutral' (buy) - price target 2,250 (2,500) pence

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ENERGY

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Berenberg cuts Eni to 'hold' (buy) - price target 15 (17.50) EUR

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UTILITIES

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Quirin cuts Encavis to 'hold' (buy) - price target 17.5 (28.0) EUR

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HSBC cuts Encavis to 'hold' - price target 17.50 EUR

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Goldman Sachs raises Terna to 'neutral' (sell) - price target 7.95 (6.65) EUR

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Kepler Cheuvreux cuts RWE price target to 38 (45) EUR - 'buy'

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