Analyst Views: Changes for Safran, Vinci, AXA...
Target price increases are concentrated in advertising, cables and insurance, while luxury, automotive and air transport see their targets trimmed. Several brokers confirm their views while adjusting their price targets.
Above their target: 6 securities · SBF 120 covered securities: 120
Securities above their target: Rémy Cointreau (-13.1%) · Eurofins Scientific (-11.0%) · Teleperformance (-10.4%) · bioMérieux (-7.0%) · Worldline (-2.8%) · Sodexo (-1.9%)
Publicis Groupe: four brokers adjust their target. Oddo BHF remains at "outperform" and raises its target from 115 to 118 euros; BNP Paribas Exane, also at "outperform", moves it from 130 to 135 euros; Barclays, at "market-weight", raises it from 95 to 100 euros; CIC Market Solutions, at buy, maintains 120 euros. The median target stands at 116 euros. Target/Price gap: +14.5%.
From 51 to 55 euros at AXA: the move comes from UBS, which remains at buy. Consensus median at 50.70 euros, Target/Price gap: +20.6%.
Vallourec changes category at Kepler Cheuvreux: from "hold" to "buy", with a target raised from 23.50 to 26 euros. Another analyst had raised and another had lowered their target on October 12. The median stands at 27.30 euros, Target/Price gap: +44.6%.
Still at "overweight", Barclays adjusts its target on Nexans from 179 to 181 euros. One analyst had raised and another lowered their target on October 12. Median at 172.50 euros, Target/Price gap: +30.8%.
BofA Securities adjusts its target on Thales from 312 to 315 euros. One analyst had lowered their target on October 9. The median target comes in at 289 euros; Target/Price gap: +29.5%.
Upgrade to buy for BCP: Goldman Sachs moves from "neutral" to "buy" and raises its target from 1.27 to 1.35 euros. Median at 1.19 euros, Target/Price gap: +4.8%.
Same move at Ekinops: Portzamparc, which remains at "accumulate", raises its target from 3.10 to 3.30 euros. The median target is 3 euros; Target/Price gap: +20%.
On the UBS side, two cases. Elis: the broker remains at buy, with a target of 32 euros (versus 29.40 euros previously). One analyst had lowered their target on October 13. Median at 29.20 euros, Target/Price gap: +32.8%. On TechnipEnergies, UBS moves from "neutral" to "buy" while bringing its target from 41 to 39 euros. One analyst had raised and another lowered their target on October 13. Median at 39 euros, Target/Price gap: +27.3%.
At Lumibird, Oddo BHF shows an "outperform" view for a target of 31 euros. Median identical at 31 euros, Target/Price gap: +33.6%.
For Carmila, Berenberg is at "buy", target 18.10 euros. The median target reaches 19.40 euros; Target/Price gap: +32.3%.
Ageas: Kepler Cheuvreux is at "hold", target 76.20 euros. Median at 75.50 euros, Target/Price gap: +3.4%.
At SPIE, RBC shows a "sector perform" view with a target of 45 euros. One analyst had raised their target on October 13. Median at 57 euros, Target/Price gap: +33.9%.
CIC Market Solutions confirms its target on four securities, without changing its view. Safran: at buy, target of 378 euros, median at 384 euros, Target/Price gap: +21.5% (one analyst had lowered their target on October 7). Crédit Agricole: at buy, target of 22 euros, median at 21.45 euros, Target/Price gap: +35.5% (one analyst had raised and two lowered their target on October 13). Stellantis: at "hold", target of 4.50 euros, median at 5.50 euros, Target/Price gap: +38.5% (one analyst had lowered their target on October 13). Edenred: at buy, target of 34 euros, median at 33 euros, Target/Price gap: +14.8%.
On the downside, Vinci concentrates two adjustments: Morgan Stanley, at "market-weight", moves from 148 to 146 euros, and Jefferies, at buy, from 142 to 139 euros. Median at 146.25 euros, Target/Price gap: +36.3%. One analyst had lowered their target on October 12.
BofA Securities cuts targets on three cases. On Kering, the broker remains at "hold" and lowers its target from 300 to 280 euros; three analysts had lowered their targets, with the latest on October 13. Median at 265 euros, Target/Price gap: +24.7%. At Hermès International, it remains at buy with a target lowered from 2,000 to 1,740 euros; three analysts had lowered their targets on October 12. Median at 1,677.50 euros, Target/Price gap: +27.9%. For Teleperformance, still at "hold", the target moves from 72 to 71 euros, above the median at 66.50 euros. Target/Price gap: -10.4%.
Renault: Intesa Sanpaolo remains at buy and lowers its target from 33.40 to 31.70 euros, the median level. Three analysts had lowered their targets, with the latest on October 12. Target/Price gap: +16.4%.
Four analysts had lowered their targets on Air France-KLM, with the latest on October 13. JP Morgan, at "overweight", lowers its target from 16 to 14.50 euros; Citi, at "neutral", sets it at 12.20 euros versus 13.40 euros previously. Median at 12 euros, Target/Price gap: +14.2%.
For Smaio, three brokers remain at buy while reducing their target: Euroland Corporate from 8.70 to 7.50 euros, TP Icap Midcap from 8 to 7.40 euros, Portzamparc from 8.20 to 7.20 euros. Median at 7.45 euros, Target/Price gap: +41.1%. One analyst had lowered their target on October 7.
WDP: from 25 to 22 euros at Kepler Cheuvreux, which remains at buy. Median at 28 euros, Target/Price gap: +43.1%.
Finally, Magnum: Berenberg, which remains at "hold", adjusts its target from 15 to 14.80 euros. One analyst had lowered their target on October 8. Median at 17 euros, Target/Price gap: +6.4%.
