Analyst Views: Changes for Airbus, Legrand, LVMH...
Price targets are falling for Michelin, Carrefour and Schneider Electric, while they are rising for Publicis Groupe, JCDecaux and Accor. Goldman Sachs raises its recommendation on Legrand, while Morgan Stanley lowers its own on Carrefour.
Above their target: 7 values · SBF 120 covered values: 120
Values above their target: Eurofins Scientific (-14.7%) · Teleperformance (-14.6%) · Rémy Cointreau (-14.4%) · bioMérieux (-11.4%) · Sodexo (-6.0%) · Worldline (-4.2%) · Dassault Systèmes (-2.2%)
Legrand: Goldman Sachs moves from "neutral" to "buy" and raises its target from 156 to 172 euros. The median of targets stands at 170 euros, representing a Target/Price Gap of +31%.
From 20.10 to 18.35 euros at Carrefour: it is Morgan Stanley that lowers its target by downgrading its recommendation from "overweight" to "equal-weight". Still at "overweight", Barclays adjusts its target from 17.80 to 17 euros; Oddo BHF, which remains at "neutral", sets it at 14 euros versus 15 euros previously. Alphavalue, at "reduce", conversely raises its target from 16.50 to 17.10 euros, while JP Morgan revises its own from 9 to 8 euros. Median at 16.20 euros, Target/Price Gap: +16.3%.
No change in recommendation at Schneider Electric, but two targets are down: BNP Paribas Exane, still at "outperform", moves from 340 to 325 euros, and Bernstein, also at "outperform", from 350 to 340 euros. 1 analyst had raised its target and 3 had lowered it over the last 10 days, the last movement dating from October 19. The median of targets stands at 326 euros, Target/Price Gap: +33.4%.
On Publicis Groupe, Citi is at "buy" with a target raised from 105 to 115 euros. 7 analysts had raised their targets over the last 10 days, the last movement dating from October 15. Median at 117 euros, Target/Price Gap: +15.2%.
Citi again, but on JCDecaux: the recommendation is "neutral" for a target that jumped from 19.90 to 27 euros. 2 analysts had raised their targets over the last 10 days (last movement on October 15). The median of targets reaches 27.75 euros; Target/Price Gap: +9.8%.
Accor remains at "buy" at Citi, which raises its target from 61 to 64 euros. Median at 54 euros, Target/Price Gap: +15.5%.
At Michelin, Kepler Cheuvreux and BNP Paribas Wealth Management, both at "buy", each lower their target from 40 to 38 euros; CIC Market Solutions, at "hold", keeps its own at 35 euros. No further upward or downward revision over 10 days, the last movement identified dating from October 16. Median at 35 euros, Target/Price Gap: +11.7%.
LVMH: BNP Paribas Exane, which remains at "neutral", adjusts its target from 470 to 465 euros. 12 analysts had lowered their targets over the last 10 days (last movement on October 15). The median stands at 492.50 euros, representing a Target/Price Gap of +27.1%.
From 260 to 240 euros at EssilorLuxottica for Stifel, whose recommendation is "buy". Jefferies, also at "buy", moves from 250 to 225 euros, and UBS, still at "buy", from 247 to 244 euros. Goldman Sachs, at "neutral", raises its target from 165 to 170 euros, and CIC Market Solutions, at "buy", remains at 210 euros. 2 analysts had lowered their targets over the last 10 days (last movement on October 19). Median at 217.50 euros, Target/Price Gap: +26.8%.
Airbus, it is the status quo: CIC Market Solutions remains at "buy" with an unchanged target of 240 euros. 1 analyst had lowered its target on October 16. Median at 231 euros, Target/Price Gap: +19.1%.
Same consistency at Engie: CIC Market Solutions, at "buy", maintains its target at 30 euros, a value identical to the median of targets. Target/Price Gap: +30.7%.
Still at "buy", CIC Market Solutions leaves its target at 80 euros on Eurofins Scientific. The median of targets, at 69.20 euros, is below the current price: Target/Price Gap of -14.7%.
At 185 euros versus 180 previously: Euronext sees Kepler Cheuvreux, still at "buy", raise its target. 3 analysts had raised their targets over the last 10 days (last movement on October 20). Median at 172.50 euros, Target/Price Gap: +0.5%.
Kepler Cheuvreux, at "hold", also raises its target from 19 to 20 euros on Lectra. The median of targets stands at 26.25 euros, Target/Price Gap: +22.1%.
Barco undergoes two downward revisions: from 12 to 8.50 euros at Berenberg, which remains at "buy", and from 9 to 7.50 euros at Degroof Petercam, still at "hold". Median at 8.48 euros, Target/Price Gap: +35.2%.
On KBC, Barclays adjusts its target from 117 to 111 euros. JP Morgan, at "neutral", lowers its own from 127 to 125 euros. The median of targets reaches 138.50 euros, Target/Price Gap: +20.6%.
Barclays, at "sell", sets the target for Proximus at 5.50 euros, versus 7.50 euros previously. Median at 6.40 euros, Target/Price Gap: +15%.
Vusion: Euroland Corporate, which remains at "buy", lowers its target from 250 to 235 euros. Euroland, also at "buy", displays the same target of 235 euros, versus 250 euros previously. 1 analyst had lowered its target on October 19. The median of targets is 235 euros, representing a Target/Price Gap of +71.9%.
At "buy", Euroland Corporate maintains its target of 0.50 euro on Mauna Kea Technologies. 1 analyst had lowered its target on October 13. Median at 0.20 euro, Target/Price Gap: +82.5%.
TP Icap Midcap makes multiple moves. At Hydrogen Refueling Solutions, the recommendation is "hold" and the target moves from 1.45 to 0.80 euro, the median value; Target/Price Gap: +26.8%. For Racing Force, TP Icap Midcap is at "buy" and raises its target from 6.60 to 6.90 euros; median at 6.45 euros, Target/Price Gap: +28%. On Interparfums, the recommendation is "buy" and the target moves from 38 to 39 euros; the median stands at 33.50 euros, Target/Price Gap: -0.7%.
Vivendi: still at "reduce", Alphavalue raises its target from 1.49 to 1.68 euro. Median at 1.85 euro, Target/Price Gap: +19.1%.
At Icade, Alphavalue, at "buy", adjusts its target from 29.30 to 29.20 euros. 1 analyst had lowered its target on October 15. The median of targets stands at 20 euros, Target/Price Gap: +34.8%.
From 10 to 9 euros for Adocia: Stifel, which remains at "buy", revises its target. Median at 12 euros, Target/Price Gap: +391.8%.