Price Targets: Developments for Kering, Heineken, ASML...
Several European stocks are experiencing adjustments this Wednesday. Analysts are raising or lowering their targets on about fifteen stocks, ranging from tech to biotechs, including luxury and banking.
Above Their Target:
Above their target: 3 stocks · Stocks covered: 63
Stocks above their target: NN GROUP (-4.5%) · AGEAS (-1.0%) · IPSEN (-0.7%)
Largest gaps between target and current price:
CSG — target 34.00 euros — gap: +113.9%
ESSILORLUXOTTICA — target 305.00 euros — gap: +83.9%
PROSUS — target 67.00 euros — gap: +74.2%
EXOR NV — target 109.00 euros — gap: +65.2%
WOLTERS KLUWER — target 100.00 euros — gap: +64.0%
Vallourec: TP Icap Midcap raises its target from 21 to 30 euros, while reaffirming its buy recommendation. An analyst had already raised his target on May 11.
From 36 to 43 euros at Medincell: Evercore ISI maintains its outperformance recommendation and adjusts the target upwards.
ASML Holding sees Goldman Sachs raise its target from 1,570 to 1,600 euros, while maintaining its buy recommendation. The median of targets stands at 1,500 euros — gap: +18.5%.
It's a downgrade for Heineken: JP Morgan changes its recommendation from overweight to neutral and lowers the target from 90 to 70 euros. The median consensus is at 86 euros, gap: +32.8%.
Kering: BNP Paribas Exane confirms its neutrality but reduces its target from 300 to 285 euros. An analyst had raised his target on May 12. Median at 280 euros, gap: +17.1%.
Sharp cut at Aramis Group: Bernstein switches from outperformance to market performance and lowers the target from 9 to 6 euros.
KBC: Barclays maintains its underweight recommendation but slightly raises the target from 109 to 112 euros. The median of targets is set at 122 euros — gap: +9.2%.
In biotechs, Valneva records two downward adjustments: Stifel brings its target from 8.50 to 7.50 euros and Portzamparc from 5.60 to 4.80 euros, both confirming their buy recommendation.
Adocia: Stifel reduces its target from 12 to 11 euros while maintaining its buy recommendation.
TP Icap Midcap adjusts several stocks downwards: Smaio (from 8.40 to 8.30 euros), Hipay Group (from 9 to 8 euros) and Delta Plus Group (from 62 to 59 euros), while confirming their buy recommendation on the three stocks.
Fermentalg: Portzamparc sets a target of 0.71 euro against 0.75 euro previously, with a maintained buy opinion.
Three stocks are subject to coverage initiations: Worldline at buy at Jefferies (target: 0.40 euro), Innelec Multimedia at buy at Invest Securities (target: 3.40 euros) and Bilendi at buy at Portzamparc (target: 23.30 euros).
