Analyst opinions: changes for Airbus, Michelin and Alstom too...
Price targets are narrowing on several industrial stocks, while JCDecaux, DSM-Firmenich and bioMérieux see their targets raised by several desks. Michelin suffers a sharp downgrade, and Alstom and Beneteau record significant target cuts.
Above their target price: 11 stocks · SBF 120 stocks covered: 120
Stocks trading above their target price: Teleperformance (-17.7%) · Eurofins Scientific (-16.4%) · Icade (-9.7%) · bioMérieux (-8.7%) · Rémy Cointreau (-6.6%) · Dassault Systèmes (-5.6%) · Air France-KLM (-5.6%) · Worldline (-3.7%) · Getlink (-2.5%) · Imerys (-2.3%) · Métropole Télévision (-1.7%)
JCDecaux: four desks raise their target. Barclays moves from 27 to 31.50 euros ("overweight" rating), BofA Securities from 30 to 32 euros while remaining at "buy", Bernstein from 20.90 to 22.40 euros ("market perform" rating), AlphaValue from 27.70 to 29.40 euros ("accumulate" rating). Median target at 28.50 euros, Target/price gap: +7.8%.
From 4.60 to 5 euros at NOS: Deutsche Bank remains at "hold" and raises its target. The median stands at 5.48 euros, Target/price gap: -0.5%.
At Adyen, Deutsche Bank remains at "buy" but lowers its target from 1,350 to 1,046 euros. 6 analysts had lowered their targets over the past 10 days, the latest move dating from November 3. Median at 1,200 euros, Target/price gap: +35.4%.
DSM-Firmenich: Deutsche Bank moves from 107 to 110 euros and UBS from 104 to 125 euros, both still at "buy". 2 analysts had raised their targets on November 3. Median target at 100 euros, Target/price gap: -10%.
Target of 106 euros, versus 103 previously, at bioMérieux: Deutsche Bank is at "buy". 7 analysts had raised their targets over the past 10 days, the latest on November 4. The median stands at 87 euros, Target/price gap: -8.7%.
Two opposing moves at Viridien: Barclays adjusts its target from 200 to 185 euros, while Goldman Sachs, at "buy", raises it from 113 to 126 euros. Median at 159.29 euros, Target/price gap: +64.6%.
Barclays has decided on Michelin: the rating moves from "market weight" to "underweight" and the target from 34 to 30 euros. Median target at 35 euros, Target/price gap: +5.1%.
Alstom: Kepler Cheuvreux remains at "hold" but lowers its target from 18 to 12 euros. 10 analysts had lowered their targets over the past 10 days, the latest on November 4. Median at 13 euros, Target/price gap: +14.7%.
Still at "hold", Kepler Cheuvreux revises its target for Forvia from 11 to 10 euros. 2 analysts had lowered their targets on November 3. The median stands at 11.93 euros, Target/price gap: +35.7%.
Airbus: UBS, still at "buy", sets its target at 230 euros, versus 240 euros previously. 2 analysts had raised and 1 analyst had lowered their targets, the latest move dating from October 29. Median at 232.50 euros, Target/price gap: +14.5%.
At Philips, ING remains at "hold" and raises its target from 24 to 26 euros. 1 analyst had raised its target on November 3. Median at 26 euros, Target/price gap: -6.2%.
Same observation at Air France-KLM: CIC Market Solutions, still at "hold", lowers its target from 13 to 12 euros. The median target is 12 euros, Target/price gap: -5.6%.
It is CIC Market Solutions that downgrades Beneteau from "buy" to "hold", with its target lowered from 7.50 to 5 euros. Median at 6 euros, Target/price gap: +21.2%.
iCape: Euroland Corporate, still at "buy", adjusts its target from 16.70 to 15.60 euros. Median at 11 euros, Target/price gap: +13.4%.
From 25.60 to 24.10 euros at Solvay: Bernstein displays a "market perform" rating. Median target at 24.75 euros, Target/price gap: +0.8%.
SCOR: Jefferies, at "hold", sets its target at 37 euros, versus 36 previously. 3 analysts had raised their targets over the past 10 days, the latest on November 2. The median reaches 37 euros, Target/price gap: +4.9%.
At Jacquet Metals, Portzamparc is at "hold" with a target of 23 euros, versus 21.80 previously. Median at 23 euros, Target/price gap: +7.7%.
Finally, Amundi: Morgan Stanley, rating "equal weight", puts its target at 99.30 euros, versus 98.60 previously. 4 analysts had raised and 1 analyst had lowered their targets, the latest move dating from November 2. Median at 97.50 euros, Target/price gap: +2.6%.
