Analysts' Views: Developments for Pernod Ricard, Safran, Airbus...
Price targets are rising at Pernod Ricard, GTT and Rexel, while Hermès International, Kering and Stellantis see their targets trimmed. Several banks, including UBS, are adjusting their figures in opposite directions depending on the cases.
Above their target: 8 securities · SBF 120 securities covered: 120
Securities above their target: Rémy Cointreau (-18.7%) · Worldline (-12.9%) · Teleperformance (-12.7%) · Eurofins Scientific (-11.4%) · bioMérieux (-8.6%) · Sodexo (-3.2%) · Valeo (-2.9%) · Dassault Systèmes (-2.4%)
Pernod Ricard: four brokers raised their target in the same session. BofA Securities and UBS, still with "hold" ratings, moved respectively from 73 to 74 euros and from 68 to 70 euros. MedioBanca ("neutral") displays 81 euros compared to 80 euros previously, BNP Paribas Exane ("underperform") 60 euros compared to 58 euros. One analyst had lowered its target on October 15. Median at 72 euros, Target/Price spread: +5.5%.
From 235 to 260 euros at GTT: Jefferies, with a "buy" rating, signs a clear increase. One analyst had raised its target on October 15. The median of targets stands at 238 euros, representing a Target/Price spread of +12.8%.
Rexel breaks the 45 euro mark: Jefferies, with a "buy" rating, raised its target from 44.20 to 45.20 euros. One analyst had raised theirs on October 13. Median at 42 euros, Target/Price spread: +25.6%.
At Safran, Bernstein, with "outperform", sets its target at 421 euros, compared to 420 euros previously. One analyst had lowered theirs on October 14. The median stands at 384 euros, Target/Price spread: +20.2%.
TotalEnergies has two brokers on the day. HSBC, with a "buy" rating, moved from 93 to 94 euros, while CIC Market Solutions, still with a buy rating, leaves its target at 106.70 euros. TotalEnergies saw 4 analysts raise their targets in the last 10 days, the last one on October 15. Median at 87 euros, Target/Price spread: +9.1%.
UBS adjusts its targets on three financial securities. Société Générale: still with a buy rating, the target moves from 95.60 to 97 euros. 2 analysts had lowered their targets in the last 10 days, the last one on October 13. Median at 86.50 euros, Target/Price spread: +33.4%. On the side of BNP Paribas, still with a buy rating, UBS brings its target down from 120 to 119 euros. 2 analysts had lowered their targets, the last one on October 12. Median at 118 euros, Target/Price spread: +31.4%. Finally, Crédit Agricole: UBS, with a buy rating, sets its target at 22.90 euros compared to 23.10 euros. 1 analyst had raised and 2 had lowered their targets in the last 10 days, the last movement dating from October 14. Median at 21.45 euros, Target/Price spread: +36.6%.
Grupo Santander reviews downward two luxury cases. For Hermès International, the target moves from 2,000 to 1,850 euros, with an "outperform" rating. 3 analysts had lowered their targets in the last 10 days, the last one on October 13. Median at 1,677.50 euros, Target/Price spread: +25.1%. On Kering, the target falls from 334 to 320 euros, still with an "outperform" rating, while CIC Market Solutions, with a buy rating, maintains its target of 300 euros. 2 analysts had lowered their targets, the last one on October 13. Median at 260 euros, Target/Price spread: +20.1%.
Stellantis: from 5 to 4 euros, RBC Capital lowers its target, with a "sector perform" rating. 2 analysts had lowered their targets in the last 10 days, the last one on October 15. Median at 5.50 euros, Target/Price spread: +38.2%.
For Airbus, CIC Market Solutions remains with a buy rating with an unchanged target of 240 euros. One analyst had lowered theirs on October 15. Median at 231 euros, Target/Price spread: +16.4%.
Same consistency at Schneider Electric: CIC Market Solutions, with a buy rating, maintains its target at 345 euros. 1 analyst had raised and 2 had lowered their targets in the last 10 days, the last movement dating from October 13. Median at 340 euros, Target/Price spread: +32.8%.
On Michelin, CIC Market Solutions remains with a "hold" rating, target of 35 euros. The median is also set at 35 euros, Target/Price spread: +2.8%.
Getlink: Morgan Stanley, with an "overweight" rating, places its target at 20.30 euros, compared to 20.20 euros previously. 2 analysts had lowered their targets in the last 10 days, the last one on October 15. Median at 19.83 euros for a Target/Price spread of +3.1% on Getlink.
Argenx: Goldman Sachs, with a "buy" rating, raised its target from 954 to 959 euros. 5 analysts had lowered their targets in the last 10 days, the last one on October 9. Median at 950 euros, Target/Price spread: +24.7%.
It is Kepler Cheuvreux that brought down the target of Jeronimo Martins from 20.40 to 19.60 euros, while remaining with a buy rating. 2 analysts had lowered their targets in the last 10 days, the last one on October 9. Median at 22.50 euros, Target/Price spread: +24.8%.
From 22 to 21 euros at Havas: the movement comes from Barclays. Median at 21 euros, Target/Price spread: +16.7%.
Bouygues: UBS displays a target of 53.60 euros, with a "buy" rating. Median at 55 euros, Target/Price spread: +33.3%.
At Thermador Groupe, Invest Securities has a "buy" rating, target of 99 euros compared to 103 euros previously. Median at 94 euros, Target/Price spread: +45.3%.
Euroland Corporate cuts several targets for small-cap securities. For ISPD, the rating is "buy" and the target moves from 3.20 to 2.50 euros. For Unify Group, the rating is "buy" and the target moves from 5.60 to 4.30 euros, while Greensome Finance, with a buy rating, maintains theirs at 6.60 euros; median at 4.30 euros, Target/Price spread: +146.3%. On Bio-UV Group, still with a buy rating, the target moves from 2.50 to 2 euros; median at 2 euros, Target/Price spread: +120.8%. At Iéva, Euroland Corporate, still with a buy rating, brings its target down from 15.83 to 15.80 euros; Target/Price spread: +82%. As for Mint, the target remains at 7.50 euros, still with a buy rating. One analyst had lowered theirs on October 15. Median at 7.50 euros, Target/Price spread: +61.3%.
Invest Securities maintains two targets: Macompta remains with a buy rating with a target of 10 euros (median at 9 euros, Target/Price spread: +63.6%; one analyst had raised their target on October 6) and Audacia, still with a buy rating, maintains 8.80 euros (Target/Price spread: +139.1%).
Greensome Finance remains with a buy rating on two securities without adjusting targets: Miliboo at 3.31 euros (Target/Price spread: +94.7%) and Odiot at 60 euros, for a median of 49.25 euros and a Target/Price spread of +40.7%.
