Analysts' Views: Developments for Thales, Orange, LVMH...

Above their target: 2 securities · Covered securities: 64

Securities above their target: AGEAS (-4.1%) · B.COM.PORTUGUES (-1.7%)

Largest target / price gaps:

ESSILORLUXOTTICA — target 244.00 euros — target / price gap: +66.7%
CSG — target 25.00 euros — target / price gap: +59.8%
BE SEMICONDUCTOR — target 292.50 euros — target / price gap: +54.6%
EXOR NV — target 109.00 euros — target / price gap: +53.0%

NOS, SGPS: double Portuguese momentum on Monday. Caixa BI raises its target from 4.60 to 6.40 euros ("buy" recommendation confirmed), while Caixa Bank crosses the line and moves from "hold" to "buy", target raised from 4.20 to 5.75 euros.

Thales: BNP Paribas Wealth Management lowers its target from 270 to 260 euros, "buy" recommendation maintained. An analyst had already reduced its target on September 10. The median of targets stands at 296 euros — target / price gap: +30.51%.

At Orange, BNP Paribas Wealth Management exits its review to display "buy", target 20 euros. An analyst had raised its target and another had lowered it on September 10. Consensus median: 19.40 euros, target / price gap: +24.8%.

Sodexo: BNP Paribas Wealth Management maintains its "sell" recommendation but adjusts the target from 41 to 47 euros. 2 analysts had raised their targets on September 9.

Edenred sees BNP Paribas Wealth Management raise its target from 31 to 35 euros ("buy" renewed). 2 analysts had also raised their targets on September 10.

From 33 to 36 euros for Rubis: BNP Paribas Wealth Management adjusts its target while keeping "hold". 2 analysts had raised their targets on September 10.

D'Ieteren Group: triple movement. Alphavalue reduces from 230 to 219 euros, Degroof Petercam jumps from 230 to 253 euros ("buy" maintained), and BofA Securities raises from 217 to 220 euros under review.

For EDP, two simultaneous increases: Berenberg moves from 4.70 to 5.30 euros and BofA Securities from 5.40 to 5.60 euros, both at "buy". Median targets: 5.25 euros — target / price gap: +9.47%.

Interparfums: Berenberg confirms its "buy" and its target at 35 euros. 2 analysts had raised their targets on September 10.

It is Berenberg that raises Sartorius Sted Bio from 270 to 280 euros, "buy" recommendation. An analyst had already raised it on September 8. The median comes in at 239.50 euros, target / price gap: +28.14%.

B.Com.Portugues: Intesa Sanpaolo adjusts from 1.06 to 1.21 euros, "hold" maintained. Consensus median at 1.17 euros, target / price gap: -1.68%.

Double revision for Crédit Agricole: Intesa Sanpaolo raises the target from 23.50 to 24.50 euros ("buy") and Deutsche Bank from 19.50 to 20 euros ("hold"). Median: 20.50 euros — target / price gap: +10.07%.

AXA: slight adjustment by Intesa Sanpaolo, which brings the target from 42.40 to 42 euros ("hold"). 3 analysts had raised their targets on September 4. Median at 50.70 euros, target / price gap: +17.39%.

At Scor SE, Intesa Sanpaolo maintains its target at 37 euros but moves from "buy" to "hold".

Corbion: ABN AMRO Oddo displays "buy", target 26 euros.

BofA Securities maintains Engie under review but lowers the target from 34 to 32 euros. Consensus median: 31 euros — target / price gap: +29.27%.

Air France-KLM: Kepler Cheuvreux confirms "hold" and 11.50 euros target.

For Chargeurs, Kepler Cheuvreux reduces from 11 to 10 euros ("hold" renewed).

Triple update on Wavestone: Kepler Cheuvreux displays "hold" at 33 euros, Oddo BHF lowers from 54 to 52 euros ("outperform" maintained) and Portzamparc displays "buy", target 40.40 euros.

BIC: Kepler Cheuvreux raises from 62 to 68 euros, "hold" recommendation. An analyst had already raised it on September 9.

ING Wholesale brings Tessenderlo from 30 to 28 euros, "buy" maintained.

Airbus: CIC Market Solutions confirms "buy" and 240 euros.

CIC Market Solutions lowers Kering from 340 to 320 euros, "buy" maintained. 2 analysts had reduced their targets on September 9. Median at 285 euros — target / price gap: +19.45%.

Capgemini: CIC Market Solutions renews "buy" and 170 euros target. Consensus median: 139 euros, target / price gap: +35.08%.

Same stability for Euronext at CIC Market Solutions: "buy" at 167 euros confirmed. An analyst had raised its target on September 10.

Stellantis NV: CIC Market Solutions maintains "hold" at 5.50 euros. Morgan Stanley, for its part, moves from "equal-weight" to "underweight" and lowers from 5.70 to 4.50 euros.

KBC Securities propels Argenx SE from 890 to 1,000 euros, "buy" recommendation.

Savencia: Oddo BHF reduces from 79 to 76 euros, "outperform" renewed.

Oddo BHF raises JCDecaux from 26 to 27.50 euros ("outperform"). An analyst had already raised it on September 9.

Derichebourg: target raised from 9 to 10 euros by Oddo BHF, "neutral" maintained.

Double increase for High Co: Oddo BHF moves from 4.50 to 5 euros ("outperform") and Invest Securities from 4.20 to 4.60 euros ("buy").

Morgan Stanley pivots Renault from "underweight" to "equal-weight", target raised from 25 to 31 euros. An analyst had raised its target on September 8.

LVMH: double cut. Morgan Stanley lowers from 520 to 450 euros ("equal-weight" maintained) and JP Morgan from 580 to 525 euros (same recommendation). 2 analysts had raised and 1 had lowered on September 10. Median: 580 euros — target / price gap: +39.66%.

Safran: JP Morgan displays "overweight", target raised from 430 to 460 euros. Consensus median at 389 euros, target / price gap: +17.81%.

AlphaValue/Baader Europe downgrades Hermès from "buy" to "accumulate" and lowers from 2,339 to 1,730 euros. 2 analysts had reduced their targets on September 9. Median: 1,842.50 euros — target / price gap: +31.65%.

GEA Grenobl.Elect.: Barclays moves from "equal-weight" to "overweight", target 78 euros.

TP Icap Midcap displays "buy" for Vetoquinol, target 86 euros.

Same broker, same recommendation for Robertet: TP Icap Midcap sets the target at 896 euros.

Prosus: Jefferies maintains "buy" but reduces from 66.50 to 55.90 euros. Consensus median: 62.50 euros — target / price gap: +75.49%.