EUROPE RESEARCH ROUNDUP — Avolta, Spie, Ypsomed Holding

Oct 13 (Reuters) — Securities analysts revised their ratings and price targets on several European companies including Avolta, Spie and Ypsomed Holding on Tuesday. Highlights Avolta AG: JP Morgan cuts target price to CHF 54 from CHF 55 * Kingfisher: JP Morgan raises target price to 295p from 290p * Spie SA: RBC initiates coverage with sector perform rating * Telenor: JP Morgan cuts target price to NOK 145 from NOK 160 * Ypsomed Holding AG: Berenberg initiates coverage with buy rating Following is a summary of research actions on European companies reported by Reuters on Tuesday. Stock entries are in alphabetical order. Avolta AG: JP Morgan cuts target price to CHF 54 from CHF 55 * Befesa SA: Jefferies cuts target price to EUR 44 from EUR 45 * Franchi Umberto Marmi SpA: Berenberg cuts PT to EUR 6.80 from EUR 13 * Kering: TD Cowen cuts target price to EUR 235 from EUR 280 * Kingfisher: JP Morgan raises target price to 295p from 290p * LVMH: Jefferies cuts target price to EUR 415 from EUR 440 * LVMH: JP Morgan cuts target price to EUR 500 from EUR 525 * LVMH: TD Cowen cuts target price to EUR 425 from EUR 510 * Mears Group Plc: Berenberg raises target price to 600p from 565p * Serco G