Home News dpa-AFX Overview: Analysts’ from classifications 06/04/2010

dpa-AFX Overview: Analysts’ from classifications 06/04/2010

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at Reuters FRANKFURT. Selected analyst ratings in the dpa-AFX news service from 06/04/2010

Adva

Dusseldorf – has WestLB Adva from "buy" to "Neutral" graded and removed the price target. In the short term he can not see any further upside potential for the title of the network specialist, analyst Thomas Langer wrote in a study on Tuesday. The figures for the first quarter should not act as a price driver. In the medium to long term need of the optics specialist including a sharp recovery in the business segment.

Alliance

London – Jpmorgan has a price target for Alliance from 105,00 to 110,00 Euro (Exchange rate: 94.70 Euro) will be increased and the classification to "Overweight" to leave. Analyst Michael Huttner raised in a study of Tuesday’s earnings per share forecasts for 2010 and 2011 and referred to the creation of sustainable economic turnaround in Germany.

Bayer

London – The Societe Generale (SocGen) has Bayer after the adoption of the U.S. health care reform law to HOLD with a target price of 52.00 euros left. The U.S. health care reform could grow earnings per share of the large European pharmaceutical company in 2020 by 2.5 percent annually, "wrote analyst Marietta Miemietz in an industry study on Tuesday. Before 2014, the savings in the public Medicaid program, the earnings per share are expected, however, harm anything. They recommend a careful selection among the papers of the major European pharmaceutical companies.

German Bank

London – The Citigroup has the target for German Bank increased from prior quarter figures 55.00 to 58.00 euros, but the classification to "Hold" to leave. The capital market revenues are likely to have recovered in the first three months of the year and even more than in the third quarter of 2009, analyst Kinner Lakhani wrote in an industry study on Tuesday. Lakhani increased its forecasts for the financial group due to the good start in the bond business into 2010.

German Boerse

Dusseldorf – WestLB, the classification for German stock market for the latest trade statistics on "Add" with a target price of 60.00 euros left. The statistics of the electronic trading system Xetra in March compared to last year showed a positive trend, analyst Christoph Boss Mann wrote in a study on Tuesday. The ISE indices were disappointed, as the U.S. continues to lose market shares in subsidiary U.S. options business. His classification was based mainly on the improved sales projections for 2010.

HHLA

Düsseldorf – The HSBC has a price target for HHLA by numbers of 31.00 reduced to 30.00 euros and the classification to "Neutral" to leave. Since were in sales and profit before interest and taxes (EBIT) has already been known, would have the final figures for 2009 brought no surprises, "wrote analyst Richard Schramm in a study presented on Tuesday. A recovery was not yet in sight. Schramm lowered its forecasts for 2010 and the 2011th Because of the long-term prospects remain promising for the port logistics, the current valuation premium is justified in comparison to the papers of the competitors.

Infineon

Frankfurt – Cheuvreux has a target price of Infineon increased from 5.50 to 6.00 euros and the classification to "Outperform" to leave. The recovery in demand has gained further momentum and led to a full capacity utilization rate for the technology company, analyst Bernd Laux wrote in a study on Tuesday. In addition, improves the product mix and the company gains more and more pricing power.

Infineon

New York – The Citigroup has the target for Infineon of 5.40 to 6.40 (Exchange rate: 5.285) per share increase, but the classification to "Hold S ‘leave. Multi Market Due to a significantly better-than-expected development in the automotive and industrial as well as in the segment he had raised his estimates for the semiconductor company, analyst Glen Yeung wrote in a industry study released on Tuesday.

Intel

San Francisco – The Citigroup has the target for Intel increased from prior quarter figures 29.00 to $ 30.00 and the classification to "Buy" to leave. could Following the announcement of the results is to take profits in the sector and hence to price reductions in technology stocks, analyst Glen Yeung wrote in a industry study released on Tuesday. Since this is likely to remain for the rest of the year last fall and expect new highs in the second half, were weaknesses course should be used for entry. Investors should be focusing specifically on PC-oriented companies like the chip manufacturer Intel Focus. The title should remain a "Top Pick".

Muenchener Rueck

London – Jpmorgan has a price target for Munich Re increased from 115.00 to 126.00 euros and the classification to "Neutral" to leave. Analyst Michael Huttner raised in a study of Tuesday’s earnings per share forecasts for 2011 by 7.4 percent. They reflected the better view of the reinsurer. The evaluation of the paper corresponds to that of the sector average.

SAP

London – Goldman Sachs SAP after the issuance of a bond to "Neutral" with a target price of 37.00 euros left. The issuance of the bonds with a volume of one billion euros have said no impact on the plant background, analyst Mohammed Moawalla in one study presented on Tuesday. He lowered his earnings per share forecasts for the software company from 2010 to 2012 minimal.

SMA Solar Technology

London – Goldman Sachs has a price target for SMA Solar Technology by the numbers of 120.00 to 125.00 (price: 93.02) Euro lifted and the papers on the "Conviction Buy List" to leave. The results of the plant engineering for the solar industry have shown that the demand could exceed 2010 and 2011, the previous expectations, analyst Stephen Benson wrote in a study on Tuesday.

SMA Solar Technology

Düsseldorf – The HSBC has the target for SMA Solar Technology Company forecasts raised by the first quarter of 100,00 to 105,00 Euro and the classification to "Overweight" to leave. Investors should not be deterred by the slightly weaker outlook for the first three months of 2010 as they were based on seasonal effects, Analyst Christian Rath wrote in a study on Tuesday. The expert expects above all for the second half with a solid demand and lifted its earnings per share forecasts for the plant for the solar industry for 2010 and 2011 at nine eleven percent respectively. He lay nine respectively six percent of the market expectations.

Suess Microtec

Frankfurt – Equinet, the target for Süss Microtec reduced, according to figures from 5.50 to 5.00 euro, but the classification to "Buy" to leave. The forecast of semiconductor for the earnings before interest and tax (EBIT) in 2010 had missed its expectations, analyst Adrian Pehl wrote in a study on Tuesday. He therefore regards the outlook for 2011 and beyond, taking a more conservative stance. New orders in the first quarter as expected signaled an increase in sales. The balance sheet is solid.

Vivendi

London – Morgan Stanley has the target for Vivendi reduced, according to figures from 24.00 to 22.50 euros, but the classification to "Equal-weight" to leave. The expected profit improvement of the media group over the next three years does not impress him, analyst Patrick Wellington wrote in a study on Tuesday. The analyst lowered his earnings per share forecasts for 2010 and 2011 by five percent. Among the highly cyclical responding media companies he prefer TV Broadcast Pro Sieben One or satellite ITV and among the more defensive assets such as satellite operators SES or the publishing company Pearson.

VW Preferred Stock

London – WestLB, the classification for VWPreference shares to current U.S. sales to "Buy" with a target price of 100.00 euros left. March was a strong re-sale month for automakers in the United States was, analyst Adam Hull wrote in an industry study on Tuesday. The VWGroup had developed, with sales up 41 percent in the brand business very well.