Analyst views: developments for TotalEnergies, Orange, Sanofi...
Today's analyst views show contrasting revisions across several European stocks. The energy, telecommunications and healthcare sectors account for several target adjustments.
Above their target: 2 stocks · Covered stocks: 64
Stocks above their target: AGEAS (-2.4%) · B.COM.PORTUGUES (-0.9%)
Largest target / price gaps:
PROSUS — target 65.46 euros — target / price gap: +83.2%
CSG — target 27.50 euros — target / price gap: +69.0%
ESSILORLUXOTTICA — target 244.00 euros — target / price gap: +63.8%
EXOR NV — target 109.00 euros — target / price gap: +52.7%
BE SEMICONDUCTOR — target 275.00 euros — target / price gap: +45.5%
TotalEnergies: BofA Securities raises its target from 82 to 87 euros while confirming its "buy" rating, while CIC Market Solutions maintains its "hold" recommendation and target at 86.54 euros. An analyst had already raised his target on September 8. Target / price gap: +5.5% (median at 82.55 euros).
Orange is the subject of two interventions: BNP Paribas Exane reduces its target from 21 to 20 euros while maintaining its "outperform" recommendation; Grupo Santander changes from "market perform" to "outperform" and raises its target from 18.40 to 19.40 euros. The median of targets stands at 19.30 euros, representing a target / price gap of +26.9%.
From 95 to 100 euros at Sanofi: HSBC raises its target while maintaining its "buy" rating. An analyst had already raised his target on September 9. Consensus median at 95 euros — target / price gap: +28.0%.
Edenred: double target increase. BNP Paribas Exane moves from 31 to 35 euros ("outperform" confirmed), JP Morgan from 32 to 33 euros ("overweight" maintained). An analyst had adjusted his position on September 8.
Société Générale sees two divergent views: Jefferies raises its target from 96 to 103 euros while maintaining its "buy" rating; Oddo BHF displays a target of 82 euros with a "neutral" rating, down from 85 euros. 2 analysts had raised and 2 lowered their targets in the last 10 days. Target / price gap: +16.3% (median at 85.50 euros).
It's a double boost for Kinepolis Group: Kepler Cheuvreux and BNP Paribas Wealth Management both raise the target from 48 to 62.50 euros while confirming their "buy" recommendation. An analyst had already raised his target on August 31.
ASM International: Berenberg raises its target from 1,140 to 1,200 euros, maintains "buy" rating. Median of targets at 1,116 euros, target / price gap: +33.1%.
At Interparfums, Berenberg displays a target of 35 euros with a "buy" rating, up from 34 euros; CIC Market Solutions moves from "buy" to "hold" but raises its target from 28 to 30 euros. An analyst had adjusted his position on September 9.
Barco undergoes a severe cut: Kepler Cheuvreux and BNP Paribas Wealth Management both reduce the target from 14.50 to 8.45 euros, "hold" recommendation maintained.
ING Groep: BNP Paribas Wealth Management raises its target from 33 to 37.50 euros while confirming its "buy" rating. Target / price gap: +2.6% (median at 32.45 euros).
Galp Energia: BofA Securities raises its target from 22 to 23 euros, maintains "buy" rating. 2 analysts had already raised their targets in the last 10 days. Median at 22 euros, target / price gap: +2.9%.
For LVMH, Oddo BHF displays a target of 524 euros with an "outperform" rating, down from 590 euros. 2 analysts had raised their targets in the last 10 days. Target / price gap: +41.0% (median at 580 euros).
NN Group: ING Wholesale moves from "buy" to "hold" but raises its target from 62 to 74 euros. Consensus median at 80.50 euros — target / price gap: +5.4%.
Bouygues: BNP Paribas Exane reduces its target from 58 to 55 euros while maintaining its "outperform" rating. Target / price gap: +35.9% (median at 60 euros).
Thales: BNP Paribas Exane lowers the target from 270 to 260 euros, "market perform" recommendation maintained. Median of targets at 296 euros, target / price gap: +31.2%.
Inclusio: Kepler Cheuvreux moves from "buy" to "hold" and reduces its target from 21 to 18.30 euros.
At Ayvens, Oddo BHF moves from "neutral" to "outperform" and raises its target from 12 to 16 euros. 2 analysts had conversely lowered their targets on September 4.
Teleperformance: BofA Securities raises its target from 63 to 66 euros while maintaining its "hold" recommendation.
Gecina: BofA Securities reduces its target from 100 to 90 euros, maintains "buy" rating.
GTT: BofA Securities moves from "under review" to "buy" and maintains its target at 230 euros. An analyst had adjusted his position on September 4.
SPIE: Jefferies displays a target of 55 euros with a "buy" rating, up from 50 euros.
Technip Energies: RBC Capital displays a target of 42 euros with an "outperform" rating, down from 45 euros.
Séché Environnement: Portzamparc displays a target of 86.70 euros with a "reduce positions" rating, up from 81.10 euros.
Wolters Kluwer: TD Cowen displays a target of 100 euros, "buy" rating. An analyst had raised his target on September 3. Consensus median at 90 euros, target / price gap: +34.7%.
EssilorLuxottica: CIC Market Solutions maintains its "buy" rating and target at 250 euros. Target / price gap: +63.8% (median at 244 euros).
Euronext: Rothschild & Co Redburn raises its target from 151 to 157 euros while maintaining its "hold" recommendation.
Sogeclair: Greensome Finance moves from "hold" to "buy" while maintaining its target at 37.90 euros.
D'Ieteren Group: KBC Securities displays a target of 245 euros, "buy" rating.
Genfit: Oddo BHF displays a target of 23 euros with an "outperform" rating, up from 15 euros.
Abivax: Goldman Sachs displays a target of 132 euros, "outperform" rating.
Exosens: Invest Securities displays a target of 67 euros, "buy" rating.
At Lanson-BCC, Oddo BHF displays a target of 24 euros with a "neutral" rating, down from 32 euros.
Alfen: Berenberg raises its target from 9.50 to 9.75 euros, "hold" recommendation maintained.
Three files maintained without modification: Vallourec (CIC Market Solutions, "buy", 28 euros), Rubis (CIC Market Solutions, "buy", 49 euros — 2 analysts had raised their targets on September 9) and EssilorLuxottica (already mentioned).
