Price Targets: Changes for Thales, Safran, ASML...
This Monday, several firms have posted revisions of price targets on French and European stocks. The adjustments particularly concern technology, defense, and finance sectors.
Above Their Target
Above their target: 4 stocks · Covered stocks: 62
Stocks above their target: MICHELIN (-6.8%) · Coca-ColaEuropacif (-4.3%) · NN GROUP (-3.9%) · AGEAS (-3.2%)
Largest gaps between target and current price:
PROSUS — target 65.96 euros — gap: +66.8%
EXOR NV — target 109.00 euros — gap: +59.0%
CAPGEMINI — target 139.00 euros — gap: +56.3%
ADYEN — target 1,300.00 euros — gap: +53.6%
ASML Holding: two upward revisions today — HSBC raises its target from 1,568 to 1,883 euros (maintaining buy), Evercore ISI from 1,430 to 1,900 euros (confirmed outperformance). The median of targets reaches 1,800 euros, a gap of +14.7%.
Thales: Morgan Stanley lowers its target from 280 to 253 euros while confirming its market weight. Two analysts had already reduced their targets on July 10. Gap between targets / current price: +29.9% (median at 290 euros).
From 305 to 315 euros: Safran sees Citi raise its target while keeping a neutral recommendation. Three analysts had raised their targets on July 9. Consensus median at 357.50 euros — gap between targets / current price: +6.4%.
At Sodexo, Citi raises the target from 49 to 55 euros (neutral maintained). Five analysts had already raised their estimates on July 9.
STMicroelectronics: TD Cowen jumps from 43 to 61 euros while maintaining its hold recommendation.
JP Morgan adjusts its targets on two French banks: BNP Paribas moves from 106 to 110 euros (overweight), while Société Générale slips from 84 to 82 euros (maintained overweight). For the latter, the median of targets is at 85.50 euros — gap between targets / current price: +15.1% — and three analysts had raised their targets on July 9.
Tikehau Capital: Goldman Sachs raises the target from 20.30 to 21 euros with a neutral recommendation.
It's Kepler Cheuvreux that doubles the target on Avantium: from 6.40 to 13.50 euros while maintaining hold.
Aalberts: Barclays raises the target from 43 to 46 euros while confirming buy. An analyst had already raised his target on July 6.
Deutsche Bank revises upwards Rémy Cointreau from 33 to 38 euros, maintaining sell. An analyst had lowered his target on July 8.
Rexel: BNP Paribas Exane starts coverage with a target of 46 euros (outperform).
QRF: KBC Securities sets a target of 12.50 euros.
Unify Group: Greensome Finance maintains buy and target at 6.60 euros.
