Price Targets: Adjustments for Sodexo, Kering, Legrand...

Above Their Target

Above their target: 18 stocks · Covered stocks: 143

Stocks above their target: Soitec (-33.7%), Vallourec (-9.8%), KPN KON (-9.8%), Carrefour (-8.8%), Ipsen (-8.4%), Solvay (-8.3%), Getlink (-6.0%), Derichebourg (-5.8%), Emeis (-5.7%), BE SEMICONDUCTOR (-5.4%), BIC (-1.2%), AGEAS (-0.8%), EDP (-0.7%), Icade (-0.7%), NN GROUP (-0.6%), GTT (-0.5%), Coca-ColaEuropacif (-0.5%), TotalEnergies (-0.1%)

Largest gaps between target and current price:
Valneva — target price 5.60 euros — gap: +115.4%
VusionGroup — target price 210.00 euros — gap: +96.5%
Alten — target price 99.60 euros — gap: +93.4%
Sopra Steria — target price 206.00 euros — gap: +75.8%
Teleperformance — target price 85.00 euros — gap: +72.3%

Sodexo: wave of cuts, four brokers report. Morgan Stanley lowers to 40 euros ('underweight'), Oddo BHF cuts from 55 to 46 euros ('outperform'), Jefferies moves from 55 to 50 euros ('buy' maintained), Alphavalue downgrades to 'reduce' and prices at 43.40 euros. An analyst had already lowered their target on April 10. The median consensus stands at 49.60 euros — gap between median target and current price: +27.8%.

Legrand: Barclays downgrades from 'overweight' to 'market weight' and cuts the target from 175 to 144 euros. Median of targets at 149.75 euros, gap between median target and current price: +2.1%.

From 330 to 320 euros at Kering: Morgan Stanley revises downwards and changes its recommendation from 'overweight' to 'market weight'. An analyst had raised their target on April 9. Median consensus at 287.50 euros — gap between median target and current price: +6.8%.

Pernod Ricard sees Jefferies adjust from 100 to 95 euros while maintaining 'buy'. Three analysts had lowered their targets over the last 10 days, the latest movement dated April 7. Median at 93 euros, gap between median target and current price: +42.8%.

A double intervention by Barclays in the aerospace sector: Safran moves from 340 to 330 euros ('overweight' maintained) and ADP goes from 138 to 136 euros ('overweight'). For Safran, an analyst had raised and another had lowered their target on April 10; median at 360 euros, gap between median target and current price: +16.7%. ADP shows an analyst having lowered on April 7, median at 125.25 euros, gap between median target and current price: +9.7%.

Schneider Electric: Barclays initiates at 'overweight' and sets the target at 305 euros. Median consensus at 294 euros — gap between median target and current price: +13.9%.

At Publicis, JP Morgan raises from 130 to 131 euros while confirming 'overweight'. An analyst had lowered their target on April 8. Median at 104.75 euros, gap between median target and current price: +42.5%.

ASML Holding: an analyst boosts the target from 1,300 to 1,430 euros ('outperform' maintained). Median consensus at 1,485 euros — gap between median target and current price: +16.9%.

Rexel receives a 'underweight' recommendation from Barclays with a target at 29 euros. An analyst had raised their target on April 9. Median at 40 euros, gap between median target and current price: +7.6%.

Adjustment from 115 to 100 euros for bioMérieux: RBC Capital maintains 'market perform'. Median at 116.50 euros — gap between median target and current price: +31.6%.

Michelin: Morgan Stanley revises from 30 to 28 euros, 'market weight' unchanged. Median of targets at 32.25 euros, gap between median target and current price: +7.4%.

Rémy Cointreau moves from 50 to 48 euros at Jefferies ('accumulate' maintained). Median consensus at 39.50 euros — gap between median target and current price: +0.7%.

OVH: TP Icap Midcap lowers from 6.50 to 6.20 euros and maintains 'sell'. Median of targets at 7.75 euros.

Stellantis sees TD Cowen reduce the target from 7.81 to 7.68 euros ('hold'). Median consensus at 7 euros.

Klépierre: UBS raises from 29 to 30 euros while maintaining 'sell'. Median at 36.25 euros, gap between median target and current price: +4.3%.