Price Targets: Developments for Safran, BNP Paribas, and Others
Morgan Stanley is making adjustments on several industrial and financial files. Other institutions are revising their positions on hospitality, biotechnology, and renewable energies.
Above Their Target: Key Market Movements
Above their target: 4 stocks · Covered stocks: 64
Stocks above their target: NN GROUP (-4.6%) · LEGRAND (-3.5%) · IPSEN (-1.1%) · AGEAS (-1.0%)
Largest target/price gaps:
CSG — target 34.00 euros — target/price gap: +115.5%
ESSILORLUXOTTICA — target 305.00 euros — target/price gap: +78.0%
PROSUS — target 67.00 euros — target/price gap: +63.4%
WOLTERS KLUWER — target 100.00 euros — target/price gap: +61.6%
EXOR NV — target 109.00 euros — target/price gap: +59.2%
Vallourec: Morgan Stanley raises the target from 20 to 24 euros, recommendation unchanged at 'market weight'.
From 32.60 to 36.50 euros at Technip Energies — Morgan Stanley maintains its 'market weight'. Three analysts had raised their targets in the last 10 days (last movement on May 6).
Safran: Berenberg adjusts the target down from 360 to 355 euros, but confirms its 'buy' rating. The median of the targets is at 346 euros — target/price gap: +20.85%.
BNP Paribas Exane raises its target on Legrand to 175 euros (from 165 euros) and upgrades to 'outperform'. An analyst had already raised his target on May 10. Consensus median at 151 euros, target/price gap of -3.51%.
GTT sees Morgan Stanley raise the bar to 177 euros (previously 150 euros), while keeping its 'underweight' recommendation. An analyst had already raised his target on May 4.
Despite a downgrade at Elia Group, Goldman Sachs moves from 'buy' to 'neutral' but raises the target from 145 to 150 euros. The median of the targets is set at 150 euros — target/price gap: +10.13%.
HSBC decides in favor of EDP Renovaveis: upgrading from 'hold' to 'buy' with a target increase from 13.90 to 15.90 euros.
BNP Paribas Act.A: Morgan Stanley revises the target from 104 to 105 euros, recommendation 'market weight' confirmed. An analyst had raised his target on May 7. The consensus median is at 105 euros — target/price gap: +14.69%.
Goldman Sachs sets a target of 850 euros on Argenx SE, up from 830 euros, and maintains its 'buy' rating. An analyst had already raised his target on May 10.
Amundi: target raised from 83 to 86.20 euros by Morgan Stanley, 'market weight' unchanged. An analyst had raised his target on May 4. Consensus median at 85 euros, target/price gap: +0.47%.
Citi now values Accor at 60 euros, up from 58 euros, and reiterates its 'buy'.
