Price Targets: Developments for Renault, Hermès, LVMH...

Above their target: 6 stocks · Covered stocks: 63

Stocks above their target: NN GROUP (-5.0%) · Coca-ColaEuropacif (-4.8%) · MICHELIN (-4.4%) · SAFRAN (-2.8%) · BE SEMICONDUCTOR (-2.3%) · AGEAS (-1.8%)

Basic-Fit: KBC Securities initiates coverage with a buy rating and a target of 39.00 euros.

Wolters Kluwer: underperformance at BNP Paribas Exane, target reduced to 50.00 euros. The median consensus stands at 99.00 euros (current price 57.20 euros) — target/price gap: +73.1%.

Unibail-Rodamco-Westfield crosses the threshold: Unibail-Rodamco-WE upgraded to 'outperform' at BNP Paribas Exane (target 113.00 euros). Median consensus at 116.15 euros (price 101.10 euros), target/price gap of +14.9%.

At Pernod Ricard, BNP Paribas Exane adjusts the target from 61.00 to 62.50 euros while maintaining underperformance. Median consensus at 88.50 euros (price 61.98 euros), target/price gap: +42.8%.

Klépierre: neutral at BNP Paribas Exane, target set at 36.00 euros. An analyst had raised the target on June 25.

Barclays revises Vicat slightly down: from 94.00 to 92.00 euros, 'overweight' recommendation unchanged.

From 105.00 to 108.00 euros at Saint-Gobain: Barclays confirms overweight. Median consensus at 100.00 euros (price 78.46 euros), target/price gap: +27.5%.

A severe cut for SES: Barclays brings the target from 8.80 to 7.75 euros, maintains market weight.

Safran sees its target jump from 330.00 to 370.00 euros; Barclays maintains overweight. An analyst had raised the target on June 29. Median consensus at 340.20 euros (price 349.90 euros), target/price gap: -2.8%.

TD Cowen adjusts TotalEnergies from 91.00 to 89.00 euros, buy maintained. An analyst had lowered the target on June 26. Median consensus at 87.77 euros (price 65.92 euros), target/price gap: +33.2%.

TP Icap Midcap revises Teleperformance from 68.00 to 63.00 euros, buy confirmed.

At LDC, TP Icap Midcap raises the target from 131.00 to 141.00 euros, buy maintained.

Oddo BHF initiates Semco Technologies as outperform, target at 62.00 euros.

Oddo BHF raises LNA Santé from 28.00 to 36.00 euros, neutral maintained. An analyst had raised the target on June 24.

LISI climbs from 71.00 to 76.00 euros at Oddo BHF, outperformance confirmed. 2 analysts had raised their targets in the last 10 days (last movement on June 26).

Three brokers look at Renault: Goldman Sachs lowers from 30.00 to 28.00 euros (neutral), Deutsche Bank from 40.00 to 35.00 euros then to 30.50 euros (hold), CIC Market Solutions maintains buy and target at 40.00 euros. 2 analysts had raised their targets in the last 10 days (last on June 26).

Goldman Sachs raises Arkema from 63.00 to 64.00 euros, neutral maintained. An analyst had raised the target on June 23.

Deutsche Bank cuts Forvia from 14.50 to 10.50 euros, hold maintained.

Four opinions converge on Nexans: Berenberg raises from 172.00 to 184.00 euros (buy), CIC Market Solutions confirms 164.00 euros (hold), Jefferies lowers from 162.00 to 155.00 euros (hold), JP Morgan raises from 140.00 to 160.00 euros (neutral).

UBS adjusts luxury: LVMH moves from 640.00 to 650.00 euros (buy); median consensus at 591.50 euros (price 481.00 euros), target/price gap: +23.0%; 2 analysts had lowered their targets in the last 10 days (last on June 25).

Hermès sees two revisions: UBS raises from 1,765.00 to 1,795.00 euros (hold), RBC Capital lowers from 2,100.00 to 1,900.00 euros (outperform). Median consensus at 1,997.50 euros (price 1,595.00 euros), target/price gap: +25.2%; 5 analysts had lowered their targets in the last 10 days (last on June 26).

Also a double movement at EssilorLuxottica: UBS lowers from 312.00 to 278.00 euros (buy), RBC Capital from 300.00 to 230.00 euros (outperform). Median consensus at 270.00 euros (price 173.00 euros), target/price gap: +56.1%; 4 analysts had lowered their targets in the last 10 days (last on June 30).

UBS adjusts Kering from 271.00 to 276.00 euros, neutral maintained. Median consensus at 280.00 euros (price 245.75 euros), target/price gap: +13.9%; one analyst had raised and 3 analysts had lowered their targets in the last 10 days (last on June 30).

UBS switches Carrefour from neutral to buy and raises the target from 13.20 to 19.00 euros. An analyst had lowered the target on June 24.

Alphavalue cuts Accor from 63.40 to 59.40 euros, accumulate maintained. 3 analysts had raised and one analyst had lowered their targets in the last 10 days (last on June 26).

Stifel propels Abivax from 115.00 to 175.00 euros, buy confirmed.

CIC Market Solutions maintains
- Schneider Electric (buy, 300.00 euros) — median consensus at 310.00 euros (price 276.65 euros), target/price gap: +12.1%; 3 analysts had raised their targets in the last 10 days (last on June 29);
- GTT (buy, 238.00 euros);
- Valeo (hold, 16.00 euros) — one analyst had raised and one analyst had lowered their targets in the last 10 days (last on June 25).

BofA Securities makes a radical decision on Air Liquide: from sell to buy, target raised from 159.00 to 200.00 euros. Median consensus at 181.82 euros (price 176.30 euros), target/price gap: +3.1%.

Morgan Stanley revises Vallourec from 24.00 to 22.30 euros, market weight maintained. An analyst had raised the target on June 25.

Portzamparc initiates Solocal Group at buy, target set at 9.90 euros.