Price Targets: Changes for ASML, Société Générale, AXA...
JP Morgan revises its targets on three media and advertising display stocks. The Dutch equipment manufacturer ASML is in focus with three target increases, while Oddo BHF reshuffles its real estate coverage.
Above Their Target:
Above their target: 4 stocks · Covered stocks: 61
Stocks above their target: MICHELIN (-5.9%) · AGEAS (-4.5%) · NN GROUP (-4.3%) · Coca-ColaEuropacif (-3.3%)
Largest target/price discrepancies:
CSG — target 30.75 euros — discrepancy: +124.5%
PROSUS — target 65.96 euros — discrepancy: +60.1%
EXOR NV — target 109.00 euros — discrepancy: +56.5%
CAPGEMINI — target 139.00 euros — discrepancy: +49.6%
ADYEN — target 1,300.00 euros — discrepancy: +49.1%
ASML Holding: three firms raise their target in a single session. Deutsche Bank increases it from 1,800 to 2,150 euros ("Buy" recommendation), Bernstein from 2,300 to 2,500 euros ("Outperform"), BofA Securities from 2,022 to 2,452 euros ("Buy"). The median of the targets is at 1,830 euros — discrepancy: +18.1%. 3 analysts had raised their targets in the last 10 days (last movement on July 15).
Société Générale: UBS raises its target from 86.10 to 89.30 euros while confirming "Buy". Median of the targets at 85.5 euros, discrepancy: +11.91%. Favorable analyst momentum: 4 increases against 1 decrease in the last 10 days (last movement on July 15).
From 21.60 to 22 euros for Crédit Agricole: UBS adjusts its target upwards, unchanged "Buy" recommendation. The median of the targets is at 20 euros, discrepancy: +12.55%. Last noted movement on July 15.
AXA sees Oddo BHF crossing the 50 euros threshold: the target jumps from 46 to 50 euros, "Outperform" maintained. Median of the consensus at 47 euros — discrepancy: +6.96%. No other movement identified in the last 10 days.
Klépierre: change of stance by Oddo BHF, switching from "Neutral" to "Outperform" and raising the target from 36 to 40 euros. 2 analysts had raised their targets in the last 10 days (last movement on July 9).
At JP Morgan, three media stocks undergo adjustments. Métropole TV: target reduced from 12.50 to 11.70 euros, "Underweight" confirmed. TF1: target adjusted from 9.60 to 9.30 euros, "Overweight" maintained. JCDecaux on the other hand gains one euro: target raised from 29 to 30 euros, "Overweight" unchanged. An analyst had already raised his target on July 6.
Airbus: double increase. RBC Capital raises the target from 200 to 215 euros ("Outperform"), Banco BTG Pactual initiates coverage with "Buy" and a target at 240 euros. An analyst had raised his target on July 15.
Oddo BHF continues its real estate review: Gecina drops from 92 to 90 euros ("Outperform" maintained), Carmila from 21.50 to 20.50 euros ("Outperform"), Icade from 22 to 20 euros ("Underperform").
Amundi: RBC Capital now values the target at 78 euros versus 72 euros, "Sector Perform" renewed. Median of the targets at 89.9 euros — discrepancy: +0.78%. 5 analysts had raised their targets in the last 10 days (last movement on July 9).
It's BofA Securities that raises ASM International: target raised from 1,290 to 1,435 euros, "Buy" maintained. The median of the targets is established at 1,015 euros, discrepancy: +9.92%.
Three cases at CIC Market Solutions: Thermador Groupe confirmed at 85 euros ("Buy"), last movement on July 15; Ipsen maintained at 175 euros ("Buy"), median of the targets at 170 euros — discrepancy: +5.85%; Rexel unchanged at 34 euros ("Hold"), last movement on July 13. CIC also initiates coverage of Elis with "Buy" and a target at 29 euros.
Stellantis NV: CIC Market Solutions confirms "Hold" and 5.50 euros. Note: 4 analysts had lowered their targets in the last 10 days (last movement on July 10).
