Merck KGaA: Waiting for more visiblity in the short term, we remain at Neutral
NEUTRAL, Fair Value EUR126 (+3%)
Edenred: Feed back: Long-term sustainable growth
BUY vs. NEUTRAL, Fair Value EUR26 vs. EUR25 (+20%)
Prada: 2013 preliminary sales a touch below consensus
BUY, Fair Value HKD87 (+37%)
BIC: Good set of Q4 numbers and improving trends are fairly valued
NEUTRAL, Fair Value EUR95 (+5%)
Orpea: Solid organic growth in 2013, 2014 guidance looks robust
BUY, Fair Value Under Review
Edenred: FY 2013 results: FX impacts as anticipated. Growth target confirmed
NEUTRAL, Fair Value EUR25 (+15%)
BIC: 2013 results globally in line with a pick up in LFL growth in Q4
NEUTRAL, Fair Value EUR95 (+11%)
Software AG: Feedback from the Investors Day
BUY, Fair Value EUR34 (+24%)
Compass Group: Q1 IMS: Positive but on line with anticipation
BUY, Fair Value 1040p (+16%)