Business
Aixtron, Bayer, Cerillion
Aixtron, Bayer, Cerillion

About this update from Bilia Ab Class A
Securities analysts revised their ratings and price targets on several European companies including Aixtron, Bayer and Cerillion, on Tuesday. HIGHLIGHTS* Aixtron XETR:AIXA: HSBC initiates coverage with hold rating and PT EUR 9.8* Bayer AG XETR:BAYN: Baader Helvea cuts target price to EUR 37 from EUR 40.3* Cerillion LSE:CER: Deutsche Bank cuts target price to 1550p from 1680p* EQT AB OMXSTO:EQT: Citigroup cuts target price to SEK 275 from SEK 375* Siemens XETR:SIE: Morgan Stanley cuts target price to EUR 215 from EUR 250 Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order.* 3I Group LSE:III: Citigroup raises target price to 4850p from 4670p* Adecco Group AG SIX:ADEN: Kepler Cheuvreux cuts PT to CHF 37 from CHF 39* Admiral LSE:ADM: Deutsche Bank raises target price to 3500p from 3490p* Aixtron (AIXGN.DE): HSBC initiates coverage with hold rating and PT EUR 9.8* Amplifon SpA MIL:AMP: Kepler Cheuvreux cuts target price to EUR 24 from EUR 26* Antin Infrastructure Partners EURONEXT:ANTIN: Citigroup cuts PT to EUR 11 from EUR 14.90* Antin Infrastructure Partners EURONEXT:ANTIN: Citigroup cuts to neutral from buy* Aperam SA EURONEXT:APAM: Citigroup cuts target price to EUR 28 from EUR 34* Arcadis NV EURONEXT:ARCAD: ING cuts to hold from buy; cuts target price to EUR 49 from EUR 79 * Ashmore Group Plc LSE:ASHM: Barclays cuts target price to 135p from 160p* Ashmore Group Plc LSE:ASHM: Deutsche Bank cuts target price to 135p from 150p* Aviva Plc LSE:AV.: Deutsche Bank raises target price to 570p from 565p* Barry Callebaut AG SIX:BARN: Barclays cuts target price to CHF 900 from CHF 1415* Barry Callebaut AG SIX:BARN: Barclays cuts to equal-weight from overweight* Barry Callebaut AG SIX:BARN: Berenberg cuts target price to CHF 1160 from CHF 1650* Barry Callebaut AG SIX:BARN: Stifel cuts target price to CHF 1,100 from CHF 1,380* Bayer AG XETR:BAYN: Baader Helvea cuts target price to EUR 37 from EUR 40.3* BIC EURONEXT:BB: Bernstein cuts target price to EUR 70 from EUR 82* Bilia OMXSTO:BILI_A: Kepler Cheuvreux cuts target price to SEK 130 from SEK 155* BNP Paribas SA EURONEXT:BNP: Barclays cuts target price to EUR 90 from EUR 96* Breedon Group Plc LSE:BREE: RBC cuts target price to 625p from 650p* Brenntag SE XETR:BNR: Berenberg cuts target price to EUR 68 from EUR 76* Bridgepoint Group P...