Price Targets: Developments for Rémy Cointreau, ASML, Air France...
This Friday, several brokers adjusted their positions on a dozen European stocks, with movements spanning various sectors from cognac to semiconductors and geothermal energy.
Above Their Target:
Above their target: 1 value · Values covered: 63
Values above their target: BE SEMICONDUCTOR (-5.5%)
Largest gaps between target and current prices:
CSG — target 30.75 euros — gap: +98.4%
ESSILORLUXOTTICA — target 300.00 euros — gap: +70.2%
EXOR NV — target 109.00 euros — gap: +65.9%
PROSUS — target 65.96 euros — gap: +64.5%
WOLTERS KLUWER — target 99.00 euros — gap: +54.1%
Rémy Cointreau: Jefferies initiates coverage with a 'buy' rating and a target of 52 euros (up from 48 euros), while TP Icap Midcap starts at 'hold' (target 38 euros). Barclays lowers its target from 37 to 35 euros ('underweight' confirmed), BNP Paribas Exane slightly raises it from 38.30 to 38.50 euros ('neutral' maintained), and CIC Market Solutions initiates at 'hold' (44 euros). An analyst had raised their target on June 4.
From 7 to 10 euros at Arverne Group: Oddo BHF raises its target on the geothermal specialist while confirming 'outperform'.
Air France-KLM sees Barclays downgrade its recommendation from 'market weight' to 'underweight', but raises the target from 9.30 to 10 euros. An analyst had raised their target on May 26.
At Proximus, KBC Securities maintains 'buy' but reduces the target from 9.50 to 8.50 euros. An analyst had lowered their target on May 29.
ASML Holding: BofA Securities confirms 'buy' and boosts the target from 1,710 to 1,921 euros. Median consensus at 1,568 euros — gap: +4.67%. Three analysts had raised their targets in the last 10 days, the latest on June 3.
CIC Market Solutions initiates coverage of three French stocks: Imerys at 'hold' (26 euros), Manitou BF at 'buy' (25 euros), and maintains Rémy Cointreau at 'hold' (44 euros, mentioned above).
GTT: CIC Market Solutions confirms 'buy' and maintains 238 euros; BofA Securities, in review, raises the target from 215 to 230 euros. An analyst had modified their target on May 28.
Three other cases without major changes: Reworld Media (Greensome Finance maintains 'buy' at 6.60 euros, last movement on May 28), Miliboo (Greensome Finance initiates at 'buy', 3.31 euros), Signify NV (ING Wholesale raises from 18 to 19 euros, 'hold' confirmed) and Abionyx Pharma (CIC Market Solutions maintains 'buy' at 9.85 euros; an analyst had lowered their target on May 29).
