Analyst Recommendations: Changes for L'Oréal, Hermès, Veolia...

Above Their Target:

Above their target: 6 stocks · Stocks covered: 63

Stocks above their target: BE SEMICONDUCTOR (-14.1%) · ASM INTERNATIONAL (-7.3%) · NN GROUP (-5.6%) · ASML HOLDING (-5.2%) · MICHELIN (-2.6%) · AGEAS (-1.2%)

Largest gaps between target / price:
CSG — target 30.75 euros — gap target / price: +119.2%
WOLTERS KLUWER — target 99.00 euros — gap target / price: +75.1%
PROSUS — target 66.00 euros — gap target / price: +74.4%
CAPGEMINI — target 150.00 euros — gap target / price: +70.8%
ESSILORLUXOTTICA — target 278.00 euros — gap target / price: +65.0%

X-FAB: Bernstein makes a strong move from a 'market perform' to 'outperform' recommendation, boosting its target from 5.00 to 12.80 euros: a jump of +156%.

From 'overweight' (Morgan Stanley, target raised from 36.00 to 39.00 euros) to a median consensus of 40 euros, Veolia Environment shows a gap of +11.05% between targets / price. The analyst momentum remains bullish.

BioMérieux suffers a double setback: Morgan Stanley downgrades from 'market weight' to 'underweight' (target cut from 100.00 to 64.00 euros), while RBC Capital moves to 'sector perform' with a target at 75.00 euros (down from 100.00 euros previously). Two analysts had already lowered their targets in the last 10 days, the latest movement recorded on June 22.

Disappointment at Pierre & Vacances: Portzamparc downgrades from 'strong buy' to 'hold' and brings the target from 2.20 to 2.00 euros.

Arverne Group: Portzamparc starts coverage with a 'buy' recommendation and a target at 10.60 euros (movement of June 22).

Deutsche Bank switches to 'sell' on L'Oréal, target lowered from 360.00 to 340.00 euros. The median consensus at 417 euros still leaves a gap of +10.29% between targets / price, with a bullish momentum.

At Legrand, Deutsche Bank confirms 'hold' and raises the target from 148.00 to 150.00 euros. An analyst had already raised his target on June 15. Median at 160 euros, gap targets / price: +3.86%.

Arkema sees Deutsche Bank raise the target from 52.00 to 55.00 euros while maintaining 'hold'.

ING Bank adjusts its slider on KBC: recommendation to 'hold', target raised from 109.50 to 119.00 euros. Median consensus at 122.50 euros. Gap targets / price: +0.78%.

Goldman Sachs maintains 'buy' on Interparfums but nibbles the target from 35.00 to 34.00 euros.

Same movement at Capgemini, Goldman Sachs keeping 'buy' while lowering the target from 165.00 to 150.00 euros. The consensus median points to 150 euros, a spectacular gap of +70.8% between targets / price — bullish momentum.

Double downgrade for Hermès: Oddo BHF moves to 'neutral' with a target reduced from 1780.00 to 1700.00 euros, while HSBC downgrades from 'buy' to 'hold' (target from 2100.00 to 1870.00 euros). Median consensus at 2050 euros — gap targets / price: +26.54%, bullish momentum.

Accor attracts two brokers: Oddo BHF raises the target from 51.00 to 54.00 euros ('outperform'), JP Morgan moves from 59.00 to 60.50 euros ('overweight').

Stifel initiates Exail Technologies at 'buy' with a target of 140.00 euros. An analyst had, however, lowered his target on June 15.

BNP Paribas Exane raises its target on Amundi from 82.00 to 92.00 euros ('neutral' confirmed). An analyst had raised his target on June 15. Median at 86.20 euros — gap targets / price: +2.07%.

Virtualware: EERP starts coverage at 'buy', target 7.42 euros.

ING Wholesale keeps 'hold' on Melexis but propels the target from 50.00 to 80.00 euros (+60%).

BofA Securities raises the target on three files: Akzo Nobel from 65.00 to 75.00 euros ('buy' maintained), Eurofins Scientific from 56.00 to 58.00 euros ('sell' confirmed), and Danone from 90.00 to 93.00 euros ('buy' maintained). For Danone, the median of targets comes out at 79 euros — gap targets / price: +18.55%, bullish momentum.