FRANKFURT (dpa-AFX) - The following investment banks issued recommendations this morning as follows:

Analyst recommendations in the dpa-AFX International ProFeed on 16.09.2016 - 08.50 am

- BARCLAYS RAISES VONOVIA TO 'OVERWEIGHT' (EQUAL WEIGHT) - PRICE TARGET 37.00 (32.40) EUR

- BERENBERG RAISES HOCHTIEF PRICE TARGET TO 107 (104) EUR - 'HOLD'

- CREDIT SUISSE CUTS GRAND CITY PROPERTIES PRICE TARGET TO 20.40 (22.55) EUR

- CREDIT SUISSE CUTS GRAND CITY PROPERTIES TO 'NEUTRAL' ('OUTPERFORM')

- CREDIT SUISSE REINITIATES SIEMENS WITH 'NEUTRAL' - PRICE TARGET 110 EUR

- HSBC RAISES COMMERZBANK PRICE TARGET TO 7.50 (7.00) EUR - 'BUY'

- HSBC STARTS BASF WITH 'HOLD' - PRICE TARGET 72 EUR

- HSBC STARTS COVESTRO WITH 'REDUCE' - PRICE TARGET 40 EUR

- HSBC STARTS LANXESS WITH 'HOLD' - PRICE TARGET 46 EUR

- KEPLER CHEUVREUX REMOVES DEUTSCHE BANK FROM 'MOST PREFERRED STOCKS'-LIST

- GOLDMAN INITIATES LIBERTY GLOBAL INC WITH 'BUY'

- BARCLAYS RAISES MORRISON SUPERMARKETS TARGET TO 190 (165)P - 'UNDERWEIGHT'

- BERENBERG RAISES ADMIRAL GROUP PRICE TARGET TO 1,804 (1,657) PENCE - 'HOLD'

- BERENBERG RAISES CRH PRICE TARGET TO 32 (29) EUR - 'BUY'

- BERNSTEIN RAISES MORRISON TO 'MARKET-PERFORM' ('UNDERP.') - TARGET 210 (160)P

- CITIGROUP CUTS RICHEMONT PRICE TARGET TO 58 (62) SFR - 'NEUTRAL'

- CITIGROUP RAISES VOLVO PRICE TARGET TO 113 (110) SEK - 'BUY'

- CREDIT SUISSE STARTS BNP PARIBAS WITH 'NEUTRAL' - PRICE TARGET 50 EUR

- GOLDMAN CUTS OCADO PRICE TARGET TO 450 (615) PENCE - 'CONVICTION BUY LIST'

- GOLDMAN RAISES ST JAMES'S PLACE PRICE TARGET TO 1040 (950) PENCE - 'BUY'

- HSBC CUTS AB FOODS PRICE TARGET TO 3150 (3300) PENCE - 'BUY'

- JEFFERIES INITIATES FAROE PETROLEUM WITH 'BUY' - TARGET 100 PENCE

- JPMORGAN RAISES ASOS PRICE TARGET TO 5,400 (4,550) PENCE - 'OVERWEIGHT'

- JPMORGAN RAISES HARGREAVES LANSDOWN TARGET TO 1,100 (1,000) PENCE - 'UW'

- RBC CAPITAL INITIATES MONEYSUPERMARKET.COM WITH 'OUTPERFORM' - TARGET 400 PENCE

- S&P GLOBAL CUTS AIR LIQUIDE PRICE TARGET TO 102 (105) EUR - 'HOLD'

- UBS RAISES MORRISON SUPERMARKETS PRICE TARGET TO 207 (200) PENCE - 'NEUTRAL'

- TRADERS: BARCLAYS RAISES VONOVIA TO 'OVERWEIGHT' (EQUAL WEIGHT)

- TRADERS: HSBC RAISES PRICE TARGET COMMERZBANK TO 7.50 (7.00) EUR

- TRADERS: HSBC RAISES PRICE TARGET SCHAEFFLER TO 16.50 (16.00) EUR

- TRADERS: HSBC STARTS COVESTRO WITH 'REDUCE' - PRICE TARGET 40 EUR

- TRADERS: HSBC STARTS LANXESS WITH 'HOLD'

- RPT/TRADERS: MERRILL LYNCH REINITIATES DIAGEO WITH 'BUY' - PRICE TARGET 2450 PENCE

- TRADERS: BERNSTEIN RAISES MORRISON TO 'MARKET-PERFORM' ('UNDERPERFORM')

- TRADERS: CANACCORD RAISES CAIRN ENERGY TO 'BUY' ('HOLD')

- TRADERS: CREDIT SUISSE STARTS BNP PARIBAS WITH 'NEUTRAL'

- TRADERS: EXANE BNP RAISES MORRISON SUPERMARKETS TO 'NEUTRAL' ('UNDERPERFORM')

- TRADERS: JEFFERIES INITIATES FAROE PETROLEUM WITH 'BUY'

- TRADERS: MERRILL LYNCH RESUMES COCA-COLA HBC WITH 'UNDERPERFORM'

- TRADERS: MORGAN STANLEY INITIATES RSA INSURANCE WITH 'OVERWEIGHT'

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