Price Targets: Developments for Orange, TotalEnergies, LVMH...
Numerous target adjustments mark this session, with increases at Soitec, BIC and AB InBev, while LVMH, Ayvens and Stellantis suffer cuts. The telecommunications, luxury and semiconductor sectors account for the bulk of the revisions.
Above their target: 3 values · Covered values: 64
Values above their target: AGEAS (-4.6%) · EUROFINS SCIENT. (-1.5%) · B.COM.PORTUGUES (-0.9%)
Largest target / price gaps:
ESSILORLUXOTTICA — target 244.00 euros — target / price gap: +69.0%
BE SEMICONDUCTOR — target 292.50 euros — target / price gap: +65.9%
CSG — target 25.00 euros — target / price gap: +57.1%
EXOR NV — target 109.00 euros — target / price gap: +53.4%
Soitec: JP Morgan moves from "neutral" to "overweight" and doubles its target from 98 to 200 euros. 3 analysts had also raised their targets in the last 10 days (latest move on September 8).
Deutsche Bank opts in favor of AB InBev: recommendation raised from "hold" to "buy", target increased from 72 to 79 euros. One analyst had already raised its target on September 15. Consensus median at 82.26 euros — target / price gap: +19.6%.
At BIC, UBS maintains its "market perform" but raises the target from 56 to 70 euros. 3 analysts had also raised their views in the last 10 days (latest move on September 9).
TotalEnergies: two positions today. Rothschild & Co Redburn confirms "buy" and raises the target from 90 to 92 euros, while CIC Market Solutions maintains "hold" at 86.54 euros. One analyst had raised its target on September 10. Consensus median: 83.78 euros, target / price gap: +4.1%.
Severe cut for LVMH: Citi maintains "buy" but lowers the target from 612 to 568 euros; Bernstein displays "outperform" and brings its target from 600 to 520 euros. 4 analysts had lowered their targets in the last 10 days, versus 2 increases (latest move on September 15). Consensus median at 580 euros — target / price gap: +42.7%.
Lisi sees Kepler Cheuvreux maintain "buy" and raise the target from 75 to 78 euros.
At Pernod Ricard, Deutsche Bank maintains "hold" and slightly adjusts the target from 60 to 61 euros. Consensus median: 82 euros, target / price gap: +35%.
Orange: JP Morgan confirms "overweight" and raises the target from 21.80 to 22.50 euros. One analyst had raised its target on September 10, another had lowered it. Median at 19.40 euros — target / price gap: +22.7%.
JP Morgan remains at "overweight" on Bouygues and raises the target from 73 to 75 euros. 2 analysts, however, had lowered their targets in the last 10 days (latest move on September 11). Consensus median: 60 euros, target / price gap: +37.1%.
D'Ieteren Group: KBC Securities raises the target from 245 to 250 euros. 3 analysts had raised their targets in the last 10 days, one had lowered it (latest move on September 15).
From 74 to 76 euros for Montea: Oddo BHF moves from "neutral" to "outperform".
Worldline: Invest Securities displays "neutral" and raises the target from 11 to 13 euros. One analyst had already raised its target on September 7.
Notable decline at Ayvens: Kepler Cheuvreux maintains "buy" but lowers the target from 13.80 to 13 euros. One analyst had raised its target on September 10.
Antin Infra Partners: two views today. CIC Market Solutions confirms "buy" at 11 euros; Morgan Stanley is at "underweight" and lowers the target from 8.70 to 7.60 euros. One analyst had lowered its target on September 9.
Berenberg downgrades Stellantis from "buy" to "hold" and cuts the target from 7.80 to 5.10 euros. One analyst had already lowered its target on September 14.
TFF Group suffers two cuts: TP Icap Midcap is at "sell" and lowers the target from 16 to 14 euros; Oddo BHF displays "neutral" and brings its target from 17 to 15 euros.
TP Icap Midcap is at "hold" on Hipay Group and lowers the target from 8 to 6.50 euros.
Goldman Sachs maintains "market perform" on Saint Gobain and adjusts the target from 86 to 85 euros. Consensus median: 100 euros — target / price gap: +43.7%.
Bernstein maintains "outperform" on Air Liquide but brings the target from 202 to 192 euros. One analyst had raised its target on September 9. Median at 200 euros, target / price gap: +20.3%.
BE Semiconductor: BNP Paribas Exane confirms "outperform" and lowers the target from 320 to 260 euros. Consensus median: 292.50 euros — target / price gap: +65.9%.
CIC Market Solutions signs four confirmations today: S.E.B. ("hold", target 60 euros), Vallourec ("buy", 28 euros — one analyst had lowered its target on September 11), GTT ("buy", 238 euros — one analyst had raised its target on September 15), and Antin Infra (already mentioned).
BNP Paribas Wealth Management is at "hold" on Coface, target 17 euros.
Euroland Corporate displays "buy" on Diagnostic Medical, target 1.80 euros.
Grupo Santander is at "neutral" on Vinci, target 133 euros. One analyst had raised its target on September 8, another had lowered it. Consensus median: 144 euros — target / price gap: +30.2%.
