Price Targets: Developments for Pernod Ricard, L'Oréal, Société Générale...
Several major Paris-listed companies are subject to analyst adjustments on Wednesday. BNP Paribas Exane raises its rating on L'Oréal while BNP Paribas Wealth Management downgrades Pernod Ricard; contrasting views on Société Générale.
Above their target: 6 values · Covered values: 63
Values above their target: AGEAS (-6.9%) · MICHELIN (-2.5%) · NN GROUP (-2.1%) · ASR NEDERLAND (-1.1%) · DASSAULT SYSTEMES (-1.1%) · Coca-ColaEuropacif (-0.7%)
Largest target / price gaps:
PROSUS — target 66.00 euros — target / price gap: +76.7%
CSG — target 27.50 euros — target / price gap: +58.5%
ESSILORLUXOTTICA — target 250.00 euros — target / price gap: +56.7%
EXOR NV — target 109.00 euros — target / price gap: +50.3%
ASML HOLDING — target 2,100.00 euros — target / price gap: +46.3%
Pernod Ricard: BNP Paribas Wealth Management downgrades its recommendation from "reduce" to "sell" and lowers the target from 61 to 58 euros. 10 analysts had lowered their targets over the past 10 days, latest movement on August 31. Median of targets at 82 euros — target / price gap: +31.12%.
Archos: Greensome Finance confirms its "buy" and raises the target from 0.43 to 0.45 euro.
At Air Liquide, two firms comment: CIC Market Solutions maintains its "buy" at 200 euros; JP Morgan displays "market perform", target raised from 160 to 162 euros. Median consensus at 200 euros, target / price gap: +15.49%.
Thales: CIC Market Solutions maintains "buy" and target at 305 euros. Median at 296 euros — target / price gap: +24.06%.
Renault: CIC Market Solutions confirms "buy", target 40 euros. One analyst had lowered its target on August 24.
From 16 to 18 euros for Valeo: CIC Market Solutions raises its target while maintaining "buy".
Trigano: CIC Market Solutions maintains "buy", target 195 euros.
STMicroelectronics: Citi displays "buy", target raised from 62 to 65 euros. One analyst had raised its target on September 1.
Divergent views on Société Générale: Morgan Stanley displays "overweight" and raises the target from 89 to 94 euros; Goldman Sachs downgrades from "buy" to "neutral" and lowers from 90.75 to 80.50 euros. One analyst had already lowered its target on August 26. Median at 88 euros, target / price gap: +20.07%.
Crédit Agricole: Morgan Stanley is at "market weight", target raised from 20 to 21 euros. Median at 20 euros — target / price gap: +7.64%.
At BNP Paribas, Morgan Stanley displays "market weight" and raises the target from 120 to 129 euros. Median consensus at 117.31 euros, target / price gap: +14.34%.
Robertet: Jefferies is "buy" but lowers the target from 950 to 930 euros.
It is BNP Paribas Exane that raises its rating on L'Oréal: shift from "neutral" to "outperform", target raised from 439 to 460 euros. Median at 420.50 euros — target / price gap: +10.85%.
Eutelsat Communications: Berenberg displays "hold", target set at 2 euros. One analyst had lowered its target on August 24.
Downward adjustments on Eiffage: Barclays displays "overweight" but lowers the target from 175 to 168 euros; MedioBanca is "neutral", target reduced from 148 to 145 euros. 3 analysts had lowered their targets over the past 10 days, latest movement on August 31.
Bolloré: Oddo BHF displays "neutral", target lowered from 6 to 5 euros.