Analysts' Views: Changes for Safran, Vinci, Kering...
Downward revisions dominate today, led by Safran, BE Semiconductor (Besi) and Nexans, while Sodexo and L'Oréal see several targets raised.
Above their target: 7 values · SBF 120 covered values: 120
Values above their target: Teleperformance (-17.7%) · Rémy Cointreau (-17.1%) · Eurofins Scientific (-14.0%) · bioMérieux (-11.1%) · Sodexo (-8.4%) · Dassault Systèmes (-6.8%) · Euronext (-2.5%)
Seven target cuts on Safran: Barclays moves from 390 to 350 euros, Jefferies from 340 to 300 euros (still on "hold"), Deutsche Bank from 398 to 350 euros (remains a "buy"), Oddo BHF from 370 to 330 euros ("neutral" view confirmed), RBC Capital from 400 to 375 euros ("outperform" confirmed), JP Morgan from 460 to 410 euros ("overweight" confirmed) and Bernstein from 420 to 370 euros ("outperform" confirmed). One analyst had raised their target on October 23rd. Median at 373 euros, Target/price spread: +35.9%.
From 21 to 22 euros at Getlink: the move comes from Barclays. Two analysts had raised their targets in the past 10 days, the last on October 23rd. Median at 19.90 euros, Target/price spread: +1.4%.
ADP: Barclays reduces its target from 150 to 140 euros. One analyst had raised their target on October 22nd. Median at 124 euros, Target/price spread: +13.9%.
At Argenx, Barclays revises its target from 1,100 to 1,000 euros. Two analysts had raised their targets and one had lowered theirs, last movement on October 23rd. Median stands at 950 euros, Target/price spread: +21.8%.
Barclays again, on the side of Banco Comercial Português: the target climbs from 1.16 to 1.21 euros. Median at 1.23 euros, Target/price spread: +14.7%.
Two target increases on Aalberts: Degroof Petercam raises from 46 to 48 euros while remaining on "hold", while KBC Securities, still a "buy", jumps from 39 to 49 euros. Median at 48 euros, Target/price spread: +15.6%.
Four brokers on Xior, but only two move: Degroof Petercam ("hold") drops from 31 to 27 euros and Morgan Stanley ("buy") from 38 to 37 euros. KBC Securities (38 euros), ABN AMRO - ODDO (36 euros), ING (37 euros) and Kempen & Co. (30 euros) leave their targets unchanged. Median at 34 euros, Target/price spread: +39.9%.
Nexans in three cuts: BofA Securities slashes from 160 to 130 euros ("hold" confirmed), Deutsche Bank from 179 to 168 euros (remains a "buy") and Kepler Cheuvreux from 165 to 160 euros (still a "buy"). One analyst had raised their target on October 23rd. Median at 170 euros, Target/price spread: +44.6%.
At FDJ, Kepler Cheuvreux reduces its target from 30 to 25 euros ("buy" view confirmed) and Goldman Sachs from 21.60 to 19 euros (still a "sell"). Two analysts had lowered their targets, last movement on October 22nd. Median at 24 euros, Target/price spread: +15.3%.
From 490 to 500 euros: ID Logistics sees Kepler Cheuvreux, still a "buy", raise its target. One analyst had raised theirs on October 22nd. Median at 506 euros, Target/price spread: +38.8%.
Sharp cut at BE Semiconductor: Kepler Cheuvreux moves from 255 to 170 euros and HSBC from 240 to 169 euros, both on "hold". Three analysts had already lowered their targets in the past 10 days, the last on October 23rd. Median at 240 euros, Target/price spread: +64%.
AS Independent Research moves from "buy" to "hold" on Jeronimo Martins and reduces its target from 20.90 to 20.10 euros. Median at 21.30 euros, Target/price spread: +18.1%.
Still a "buy", Berenberg lowers Vinci's target from 145 to 135 euros. One analyst had also lowered their target on October 23rd. Median at 146 euros, Target/price spread: +35.3%.
Berenberg makes multiple adjustments: At Syensqo, the view is "hold" for a target of 64 euros. The price stands at 76.75 euros for a median analyst target of 83.50 euros, Target/price spread: +8.8%.
The same Berenberg raises its target on Interparfums from 35 to 40 euros, while remaining a "buy". Five analysts had raised their targets in the past 10 days, last movement on October 22nd. Median at 32.50 euros, Target/price spread: -7.1%.
Planisware: Berenberg's target moves from 28 to 30 euros, with the "buy" view confirmed. Median at 27.50 euros, Target/price spread: +1.9%.
From 58 to 65 euros at Kinepolis Group: Berenberg raises its target and remains a "buy". Median at 61.25 euros, Target/price spread: +25.5%.
Jefferies is on "hold" for Veolia, with a target of 30 euros. Median at 37.50 euros, Target/price spread: +15.6%.
At Eurofins Scientific, Jefferies, still on "underperform", raises its target from 58 to 62 euros, while CIC Market Solutions moves from "buy" to "hold" and raises theirs from 80 to 85 euros. Three analysts had raised their targets, last movement on October 22nd. Median at 73.90 euros, Target/price spread: -14%.
Two increases on Sartorius Stedim Biotech: Jefferies ("buy") from 262 to 266 euros and BNP Paribas Exane ("outperform" confirmed) from 245 to 260 euros. One analyst had raised their target on October 23rd. Median at 250 euros, Target/price spread: +15.3%.
Six brokers raise their target on Sodexo, without changing their views: Jefferies from 65 to 69 euros ("buy"), BofA Securities from 64 to 70 euros ("buy"), Oddo BHF from 63 to 66 euros ("outperform"), Citi from 60 to 65 euros ("neutral"), Goldman Sachs from 54 to 60 euros ("neutral") and Morgan Stanley from 50 to 55 euros ("underweight"). One analyst had raised their target on October 23rd. Median at 55 euros, Target/price spread: -8.4%.
Three increases at L'Oréal: HSBC from 450 to 470 euros, BofA Securities from 440 to 460 euros (both "buy") and Deutsche Bank from 350 to 360 euros (still a "sell"). Nine analysts had raised their targets in the past 10 days, the last on October 23rd. Median at 443.50 euros, Target/price spread: +1.7%.
Kering: BofA Securities, which remains on "hold", reduces its target from 280 to 250 euros. Ten analysts had lowered their targets in the past 10 days, the last on October 23rd. Median at 243 euros, Target/price spread: +35.3%.
At Rexel, JP Morgan, still on "overweight", raises its target from 44.50 to 46 euros. Three analysts had raised their targets, last movement on October 23rd. Median at 44 euros, Target/price spread: +30.8%.
CIC Market Solutions, a "buy", leaves its target unchanged at 106.70 euros on TotalEnergies. Four analysts had raised their targets, last movement on October 20th. Median at 88 euros, Target/price spread: +5%.
Same picture for EssilorLuxottica: CIC Market Solutions remains a "buy" with a target at 210 euros. Four analysts had raised their targets and six had lowered theirs, last movement on October 22nd. Median at 210 euros, Target/price spread: +20%.
Bolloré: target unchanged at 4.40 euros at CIC Market Solutions, "buy" view confirmed. Median at 4.25 euros, Target/price spread: +15.2%.
Two brokers on GTT: CIC Market Solutions remains a "buy" with a target at 238 euros, while Bernstein moves from "outperform" to "market perform" and reduces its target from 245 to 210 euros. One analyst had raised their target on October 16th. Median at 238 euros, Target/price spread: +31.4%.
From 48 to 45 euros at AMG: ING Wholesale adjusts its target, still a "buy". Median at 43.50 euros, Target/price spread: +88.8%.
Ateme: Euroland Corporate maintains its target at 20.30 euros, "buy" view confirmed. One analyst had raised their target on October 23rd. Median at 20.15 euros, Target/price spread: +74.5%.
Euroland Corporate, on "buy", also lowers Tikehau Capital's target from 25.90 to 24.90 euros. Median at 20.70 euros, Target/price spread: +34.4%.
UBS, a "buy", brings Accor's target from 63 to 64 euros. One analyst had raised their target on October 23rd. Median at 55 euros, Target/price spread: +21.9%.
Two cuts on Ipsos: UBS from 38 to 37 euros (still on "hold") and Bernstein from 63 to 60 euros ("outperform" confirmed). Median at 45 euros, Target/price spread: +27.5%.
At Valeo, Deutsche Bank, which remains on "hold", moves from 13 to 11 euros, and Evercore ISI from "outperform" to "in line" with a target reduced from 15 to 12 euros. Median at 13 euros, Target/price spread: +10.6%.
Eutelsat: Deutsche Bank, still on "hold", reduces its target from 2.40 to 2.10 euros. One analyst had lowered their target on October 19th. Median at 2.05 euros, Target/price spread: +6.7%.
New Street Research moves from "sell" to "neutral" on SES and raises its target from 4.50 to 5 euros. One analyst had lowered their target on October 22nd. Median at 7.50 euros, Target/price spread: +75%.
Groupe SEB: BNP Paribas Exane, which confirms its "outperform", reduces its target from 80 to 75 euros. One analyst had lowered theirs on October 23rd. Median at 73.25 euros, Target/price spread: +39%.
From 8 to 5 euros at Nexity: BNP Paribas Exane, still "neutral", slashes. Median at 7.10 euros, Target/price spread: +64.7%.
Ipsen: Rothschild & Co Redburn, a "buy", raises its target from 194 to 196 euros. One analyst had lowered their target on October 22nd. Median at 165 euros, Target/price spread: +8.9%.
Finally, Kempen, still a "sell", reduces Icade's target from 14 to 13 euros. One analyst had lowered theirs on October 21st. Median at 17 euros, Target/price spread: +16%.