Fri, 14th Nov 2008 06:45 Nov 14 (Reuters) -
* ING cuts European food sector to neutral from outperform
* ING
raises European household personal care and cosmetics (hpc) sector to
neutral from underperform
* ING cuts Cadbury PLC to sell from hold; price target to 500P from
560P
* ING cuts Nestle SA price target to 48.5 SFR from 49.5 SFR; keeps
hold rating
* ING cuts Beiersdorf AG price target to 42 EUR from 44 EUR; keeps
hold rating
* ING raises Henkel to buy from hold; cuts price target to 25.5 EUR
from 31 EUR
* ING cuts Reckitt Benckiser price target to 3000P from 3100P; keeps buy
rating
* ING says within European food sector, it continues to favour danone
before Unilever
* ING says in European hpc sector, it favours household names over cosmetics
players
* ING says rating upgrade on Henkel based on valuation
(Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)
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