Price targets: developments for AXA, Legrand, Pernod...
Around twenty recommendations were detected on Thursday. The revisions concern several CAC 40 and Euro Stoxx values, with adjustments in insurance, outdoor advertising and semiconductors.
Above their target: 7 values · Covered values: 64
Values above their target: AGEAS (-5.0%) · NN GROUP (-1.7%) · ASR NEDERLAND (-1.6%) · Coca-ColaEuropacif (-1.4%) · MICHELIN (-1.3%) · DASSAULT SYSTEMES (-0.6%) · EUROFINS SCIENT. (-0.6%)
Largest target / price gaps:
PROSUS — target 66.00 euros — target / price gap: +79.1%
CSG — target 27.50 euros — target / price gap: +59.3%
ESSILORLUXOTTICA — target 244.00 euros — target / price gap: +53.8%
EXOR NV — target 109.00 euros — target / price gap: +49.5%
ASML HOLDING — target 2,100.00 euros — target / price gap: +45.3%
AXA: double upward movement. BNP Paribas Wealth Management raises its target from 53 to 56 euros (buy maintained), while Keefe Bruyette & Woods now displays 55.50 euros against 47 euros (outperform). 2 analysts had already raised their targets over the last 10 days, the last on September 1st. Median of targets at 50 euros — target / price gap: +15.5%.
From 23 to 28 euros at JCDECAUX: Kepler Cheuvreux maintains its buy while significantly increasing its target.
LEGRAND comes under "buy" recommendation at Deutsche Bank, which raises the target from 150 to 160 euros. An analyst had already raised his target on August 28th. The consensus median stands at 167 euros, target / price gap: +24.1%.
Downward adjustment for PERNOD RICARD: Kepler Cheuvreux reduces its target from 100 to 93 euros (buy confirmed). No fewer than 11 analysts had lowered their targets over the last 10 days, the last on August 31st. Median at 82 euros — target / price gap: +29.9%.
SES: Berenberg pushes the target from 9.10 to 10.40 euros, buy maintained.
It is STMicroelectronics that BNP Paribas Wealth Management raises slightly, from 72 to 73 euros (buy), 2 analysts having already raised their targets over the last 10 days, the last on September 1st. 2 analysts had already raised their targets over the last 10 days, the last yesterday.
At Oddo BHF, three cases adjusted: SOITEC rises to 175 euros (outperform), WORLDLINE moves from 12 to 15 euros (neutral), while ENGIE falls from 33 to 30 euros (outperform). For Engie, an analyst had also modified his target on August 28th. Median at 31 euros — target / price gap: +29.7%.
AHOLD DELHAIZE: KBC Securities jumps from 48 to 58.50 euros, buy. Median of targets at 39 euros, target / price gap: +27.2%.
For ELIA GROUP, KBC Securities now sets its target at 145 euros against 131 euros. Consensus median at 150 euros — target / price gap: +25.4%.
Decline at MONTEA: KBC Securities sets the target at 76 euros against 90 euros (accumulate). 3 analysts had lowered their targets over the last 10 days, the last on August 31st.
PROSUS: BofA Securities adjusts from 66 to 65 euros, buy maintained. Median at 66 euros — target / price gap: +79.1%.
Morgan Stanley displays a target of 200 euros on EURONEXT, "overweight" recommendation.
TP Icap Midcap sets a target of 15.80 euros on MGI DIGITAL GRAPHI, "buy" opinion.
At CIC Market Solutions, four confirmations: STELLANTIS remains at 5.50 euros (hold), DASSAULT AVIATION at 370 euros (buy, consensus median at 350 euros — target / price gap: +25.7%), EDENRED at 34 euros (buy) and TECHNIP ENERGIES at 39 euros (buy). For Stellantis, an analyst modified his target on September 2nd; for Technip Energies, it was also on September 2nd.
Three other unchanged cases: INVENTIVA at 8 euros at KBC Securities (buy), an analyst having raised his target on August 26th; DRONE VOLT at 0.65 euro at Invest Securities (buy).
