Price Targets: Changes for Legrand, Hermès, AB InBev...
Four banks lower their price target on Hermès, while Legrand attracts four upward revisions. AB InBev, Alten and Publicis Groupe are also among the cases impacted by analysts this Wednesday.
Above their target: 4 securities · SBF 120 securities covered: 112
Securities above their target: Sodexo (-3.8%) · Rémy Cointreau (-3.0%) · Eurofins Scientific (-2.6%) · Teleperformance (-0.3%)
Large gaps median target / price:
Atos — target 45.85 euros — gap target / price: +129.9%
Genfit — target 19.70 euros — gap target / price: +97.8%
Nanobiotix — target 52.08 euros — gap target / price: +87.1%
Abivax — target 155.23 euros — gap target / price: +78.8%
Valneva — target 4.74 euros — gap target / price: +73.1%
Legrand: concentration of four bullish revisions. Deutsche Bank raises its target from 160 to 170 euros ("buy" recommendation), CIC Market Solutions confirms its "buy" at 180 euros, Oddo BHF adjusts from 150 to 155 euros ("neutral"), Morgan Stanley moves from 160 to 166 euros ("overweight"). No recent downward revisions; the median of targets stands at 168 euros — gap targets / price: +17.9%.
Hermès International: series of cuts. Citi reduces its target from 1,689 to 1,540 euros ("neutral"), Morgan Stanley from 1,740 to 1,500 euros ("equal-weight"), JP Morgan from 1,800 to 1,600 euros ("neutral"), HSBC from 1,650 to 1,550 euros ("hold"). Five analysts had already lowered their targets in the last 10 days. Consensus median: 1,695 euros, gap targets / price: +24.6%.
At AB InBev, Deutsche Bank upgrades its recommendation from "buy" to "buy" and raises its target from 79 to 80 euros. Two analysts had conversely lowered their targets recently, only one had raised it. Median at 81 euros — gap targets / price: +23%.
Alten: double target increase. Kepler Cheuvreux and BNP Paribas Wealth Management both move from 105 to 110 euros, maintaining their "buy". Four analysts had raised their targets in the last 10 days, only one had lowered. The median comes to 100 euros, gap targets / price: +23.5%.
For Publicis Groupe, Huber Research Partners displays a target of 106 euros ("overweight"), up from 98 euros. One analyst also raised its target on September 25. Median at 116 euros — gap targets / price: +23.2%.
Pernod Ricard sees Deutsche Bank raise its target from 61 to 63 euros ("hold" maintained). Median of targets: 73 euros, gap targets / price: +19.8%.
Deutsche Bank remains "buy" on Airbus, confirming its target at 240 euros (CIC Market Solutions does the same). Median consensus at 240 euros — gap targets / price: +23.9%.
ABN AMRO: Kepler Cheuvreux jumps from 42.60 to 52.50 euros, maintaining its "buy". Median at 47 euros, gap targets / price: +7.3%.
On EssilorLuxottica, double correction: BNP Paribas Wealth Management lowers from 260 to 255 euros ("buy"), Barclays from 265 to 260 euros ("overweight"). Four analysts had already lowered their targets in the last 10 days. Median: 250 euros — gap targets / price: +72.1%.
Stellantis: CIC Market Solutions brings its target down from 5.50 to 4.50 euros, maintaining its "hold" recommendation. One analyst had already lowered its target on September 22. Median at 5.50 euros, gap targets / price: +40.1%.
ING Wholesale raises the target on Aalberts from 39.50 to 47.25 euros ("buy"). Median: 47.25 euros — gap targets / price: +9.7%.
Teleperformance: Citi sets the target at 72 euros ("neutral"), versus 50 euros previously. One analyst also raised its target on September 28. Median at 68 euros, gap targets / price: -0.3%.
BNP Paribas Exane revises upward Soitec, from 120 to 150 euros ("neutral"). One analyst raised its target on September 23. Consensus median: 175 euros — gap targets / price: +12.5%.
Barclays raises Sartorius Stedim Biotech from 240 to 250 euros ("overweight"). Median at 240 euros, gap targets / price: +8.9%.
KBC Securities maintains its targets on Inventiva (8 euros, "buy"), Argenx (1,000 euros, "buy"), UCB (270 euros, "buy") and Arcadis (42 euros, "hold"). Respective gaps targets / price: +183.3%, +18.4%, +31.5% and +8%.
CIC Market Solutions confirms its "buy" on Valeo at 18 euros (gap targets / price: +21.4%, one analyst had raised its target on September 25) and Vicat at 81 euros (gap targets / price: +48.6%).
Heijmans: Kepler Cheuvreux lowers from 115 to 110 euros, maintaining its "buy". Median at 115.14 euros — gap targets / price: +26.8%.
Invest Securities adjusts Crossject from 3 to 2.60 euros ("buy"), Preatoni Group from 36 to 37 euros ("hold") and sets the target for Winamp Group at 1.69 euros ("hold").
Oddo BHF positions TF1 at 9 euros ("neutral", versus 9.50 euros) and Guerbet at 7 euros ("underperform", versus 9 euros). Gaps targets / price: +20.1% and +11.1%.
Bernstein displays X-FAB at 12.90 euros ("outperform", versus 12.80 euros). Median: 9.42 euros — gap targets / price: +35.1%.
Euroland Corporate sets the target for Xilam Animation at 4.90 euros ("buy"), while JP Morgan decides at 171 euros for Euronext ("neutral"). Gap targets / price: +5.4%.
