Price Targets: Movements on TotalEnergies, LVMH, Hermès...
Several major French stocks are undergoing adjustments this Tuesday. The luxury sector is at the center of discussions, while revisions also affect energy, banking, and industrial equipment.
Above Their Target:
Above their target: 3 stocks · Covered stocks: 63
Stocks above their target: NN GROUP (-6.2%) · AGEAS (-2.1%) · AMUNDI (-0.8%)
Largest gaps between target and current price:
CSG — target 34.00 euros — gap: +117.2%
ESSILORLUXOTTICA — target 305.00 euros — gap: +82.6%
EXOR NV — target 109.00 euros — gap: +63.2%
PROSUS — target 67.00 euros — gap: +63.2%
WOLTERS KLUWER — target 100.00 euros — gap: +62.0%
TotalEnergies: Morgan Stanley maintains its 'overweight' recommendation and raises the target from 88.30 to 89.10 euros. Median of targets at 85.12 euros, gap between targets / price: +10.67%. 2 analysts had raised their targets in the last 10 days, the latest movement dated May 4.
From 50 to 150 euros at Soitec: JP Morgan triples its target while maintaining a 'neutral' recommendation. An analyst had raised his target on May 10.
Société Générale sees Goldman Sachs raise its target from 85.75 to 86 euros, confirming the 'buy' recommendation. The median consensus comes out at 83.50 euros — gap between targets / price: +20.33%. An analyst had raised his target on May 10.
It's Jefferies who adjusts Rexel from 43.10 to 43.70 euros, unchanged 'buy' recommendation.
Nexans: Jefferies jumps from 132 to 162 euros while maintaining 'hold'. An analyst had raised his target on May 6.
Three brokers revise LVMH: Rothschild & Co Redburn drops from 825 to 565 euros ('buy' maintained), HSBC goes back from 650 to 600 euros ('buy' confirmed), while Barclays raises from 570 to 600 euros and goes from 'equal weight' to 'overweight'. Median of targets at 600 euros, gap between targets / price: +32.74%.
Goldman Sachs raises Legrand from 138 to 156 euros, neutrality confirmed. The gap between targets / price is set at +5.74% (median at 165 euros). 2 analysts had raised their targets in the last 10 days, the latest on May 11.
Kering: Barclays crosses the threshold by moving from 'underweight' to 'equal weight' and raises the target from 255 to 300 euros. Median of targets at 280 euros, gap between targets / price: +17.4%.
Two cuts on Hermès Intl: Barclays brings the target from 2,310 to 1,700 euros ('equal weight' maintained), HSBC goes back from 2,300 to 2,100 euros ('buy' confirmed). The median consensus is set at 2,150 euros — gap between targets / price: +33.83%.
Morgan Stanley raises Elis from 30 to 31.50 euros, 'overweight' confirmed.
Crédit Agricole: UBS slightly lowers from 21.80 to 21.60 euros, 'buy' recommendation maintained. Median of targets at 20 euros, gap between targets / price: +16.62%. 2 analysts had lowered their targets in the last 10 days, the latest on May 7.
Barclays adjusts Bouygues from 51 to 53 euros, 'market weight' unchanged. The gap between targets / price reaches +15.87% (median at 59 euros). An analyst had raised his target on May 6.
