Analyst Views: Changes for Société Générale, Kering, Renault...

Above their target: 6 securities · SBF 120 covered securities: 120

Securities above their target: Eurofins Scientific (-10.7%) · Teleperformance (-7.8%) · Rémy Cointreau (-5.0%) · bioMérieux (-4.4%) · Sodexo (-1.4%) · Worldline (-0.7%)

SES: from 5.15 to 3.70 euros, this is the target movement signed by Barclays. Median target at 8.70 euros, target/price gap: +129.3%.

Barclays again at Société Générale: the view is buy, the target stands at 81.00 euros versus 90.00 euros previously. 2 analysts had lowered their targets over the past 10 days, latest move on October 6. Median at 86.50 euros, target/price gap: +35.4%.

TotalEnergies sees Berenberg remain at "hold" while raising its target from 78 to 84 euros. 3 analysts had raised their targets over the past 10 days, the latest on October 8. Median at 87.00 euros, target/price gap: +10.7%.

Still at buy, Berenberg reduces its target on Exail Technologies from 145 to 134 euros, exactly the consensus median. Target/price gap: +7.1%.

From 278 to 233 euros at EssilorLuxottica: Intesa Sanpaolo remains at buy but cuts its target. 5 analysts had lowered their targets over the past 10 days, the latest on October 8. Median at 210.00 euros, target/price gap: +44.6%.

Kepler Cheuvreux maintains its buy view on several securities but revises its targets downward. On EVS Broadcast Equipment, the target moves from 38 to 33 euros; median at 37.00 euros, target/price gap: +99.1%.

At OPMobility, it is reduced from 19 to 16 euros, while Citi, at "neutral", cuts it from 18 to 11 euros. 3 analysts had lowered their targets over the past 10 days, the latest on October 8. Median at 15.00 euros, target/price gap: +56.9%.

On Argenx, Kepler Cheuvreux remains at buy and moves from 1,010 to 950 euros, while Deutsche Bank, still at "hold", lowers it from 925 to 850 euros. 2 analysts had lowered their targets over the past 10 days, the latest on October 9. Median at 950.00 euros, target/price gap: +28.0%.

For Ayvens, the target slips from 12.50 to 11.70 euros; 1 analyst had lowered their target on October 6. Median at 12.25 euros, target/price gap: +39.8%.

Finally, Fagron sees its target revised from 27.50 to 27.00 euros; median at 30.00 euros, target/price gap: +34.5%.

Only increase on the Iberian energy side: Galp Energia gains 3 euros of target at J.P. Morgan Cazenove, from 22 to 25 euros, with the view remaining buy. 4 analysts had raised their targets over the past 10 days, the latest on October 5. Median at 24.00 euros, target/price gap: +7.2%.

Bernstein is at work on two files. Merlin Properties: the target retreats from 18.80 to 16.80 euros, with the view remaining buy; median at 15.95 euros, target/price gap: +32.6%. At TechnipEnergies, the view is "outperform" for a target reduced from 47 to 38 euros. Median at 39.00 euros, target/price gap: +32.7%.

Only real rating change of the session: Ackermans & van Haaren moves from "hold" to "buy" at Degroof Petercam, with a target raised from 289 to 316 euros. Median at 310.00 euros, target/price gap: +18.4%.

At Jeronimo Martins, Oddo BHF remains at buy and lowers its target from 27 to 26 euros. 1 analyst had raised and 2 had lowered their targets over the past 10 days, the latest move dating from October 2. Median at 22.25 euros, target/price gap: +30.5%.

Four brokers raise their targets on Medincell: Oddo BHF (view "outperform") from 31 to 37 euros, Stifel ("buy") from 36.50 to 38.50 euros, Portzamparc ("buy") from 31.40 to 33.10 euros and Evercore ISI ("outperform") from 36 to 40 euros. 2 analysts had already raised their targets over the past 10 days, the latest on October 7. Median at 37.00 euros, target/price gap: +32.2%.

Sopra Steria: BofA Securities remains at "hold" and adjusts the target from 213 to 210 euros. Consensus median at 216.00 euros, target/price gap: +27.3%.

CIC Market Solutions covers multiple files. On Air Liquide, the target moves from 200 to 210 euros, with the view remaining buy; 1 analyst had raised their target on October 8, median at 197.00 euros, target/price gap: +16.6%.

Kering maintains a target of 300 euros at buy at CIC, while SBG Securities displays a target of 233 euros, "buy" view; 11 analysts had lowered their targets over the past 10 days, the latest on October 5. Median at 270.00 euros, target/price gap: +28.0%.

At Veolia, the target declines from 40 to 38 euros, still at buy; 4 analysts had lowered their targets over the past 10 days, the latest on October 7. Median at 38.00 euros, target/price gap: +21.4%.

For Stellantis, CIC remains at "hold" with an unchanged target of 4.50 euros; 1 analyst had lowered their target on October 9. Median at 5.50 euros, target/price gap: +33.7%.

Renault concentrates four brokers: CIC Market Solutions remains at buy with a target maintained at 40 euros; Jefferies, at "hold", moves from 32 to 30 euros; Deutsche Bank, still at "hold", from 35 to 30 euros; Citi, at buy, from 38 to 35 euros. Median at 31.75 euros, target/price gap: +17.2%.

Small cap, big discount: Mauna Kea Technologies sees Invest Securities, still at buy, move its target from 0.22 to 0.20 euro. Median at 0.20 euro, target/price gap: +77.6%.

Invest Securities also issues a "buy" view on Rémy Cointreau, with a target of 58 euros. 2 analysts had raised their targets over the past 10 days, the latest on October 8. Median at 41.00 euros, target/price gap: -5.0%.

Euroland Corporate remains at buy on Cogra and maintains its target at 9.00 euros. Target/price gap: +40.2%.

Morgan Stanley is present on two files. At CVC Capital Partners, the view is "overweight" for a target of 18 euros; target/price gap: +45.2%. On Arkema, the view is "equal-weight" and the target moves from 62 to 60 euros; 1 move more in the scope: median at 62.00 euros, target/price gap: +14.1%.

Goldman Sachs, at buy, revises three REITs downward. Unibail-Rodamco-Westfield moves from 135 to 124 euros; 1 analyst had lowered their target on October 2, median at 120.00 euros, target/price gap: +38.4%. Klepierre declines from 45.50 to 42.00 euros; median at 40.00 euros, target/price gap: +14.7%. Covivio is reduced from 60 to 51 euros; median at 59.00 euros, target/price gap: +38.6%.

Jefferies is at "buy" on Nexans, versus "hold" previously, with a target of 158 euros. 1 analyst had raised and 1 other lowered their target over the past 10 days, the latest move dating from October 9. Median at 172.50 euros, target/price gap: +30.1%.

SBG Securities also publishes on luxury. At LVMH, the view is "buy" for a target of 425 euros; 2 analysts had lowered their targets over the past 10 days, the latest on October 6. Median at 520.00 euros, target/price gap: +36.2%.

On Hermès International, the view is "buy", target 1,623 euros; 3 analysts had lowered their targets over the past 10 days, the latest on October 6. Median at 1,677.50 euros, target/price gap: +29.8%.

Finally, BNP Paribas: RBC Capital, at "outperform", reduces its target from 109 to 105 euros. 3 analysts had lowered their targets over the past 10 days, the latest on October 8. Median at 118.00 euros, target/price gap: +30.6%.