Price Targets: Developments for Sanofi, Soitec, UCB...
This session marks several target adjustments: significant increases in semiconductors, downgrades in real estate and vehicle leasing, and mixed movements in pharma. Brokers are also revising their expectations for asset management and stock exchanges.
Above Their Target:
Above their target: 5 values · Values covered: 63
Values above their target: BE SEMICONDUCTOR (-14.8%) · ASM INTERNATIONAL (-4.4%) · ASML HOLDING (-3.8%) · MICHELIN (-1.9%) · NN GROUP (-1.8%)
Largest gaps between target / price:
ESSILORLUXOTTICA — target 300.00 euros — gap target / price: +64.2%
EXOR NV — target 109.00 euros — gap target / price: +62.9%
WOLTERS KLUWER — target 99.00 euros — gap target / price: +62.0%
Ayvens: Jefferies maintains its 'hold' recommendation but lowers the target from 11.50 to 11.00 euros.
From 105 to 100 euros at Unibail-Rodamco-WE: UBS remains neutral but reduces its target. The median of targets is set at 116.15 euros — gap targets / price: +15.3%.
Soitec sees UBS make two simultaneous changes: from 'neutral' to 'sell' and a dramatic increase in the target from 26 to 85 euros. 3 analysts had raised their targets in the last 10 days (last movement on June 10).
It's a double revision at UCB: Barclays downgrades from 'overweight' to 'market-weight' and lowers the target from 310 to 300 euros. An analyst had raised his target on June 9. Median consensus at 299 euros, gap targets / price: +8.8%.
BE Semiconductor: Barclays raises the target from 185 to 270 euros ('market-weight' confirmed), while Rothschild & Co Redburn boosts it from 270 to 350 euros, maintaining 'buy'. 2 analysts had already raised their targets (last movement on June 12). The median of targets comes out at 270 euros — gap targets / price: -14.8%.
Sanofi: Deutsche Bank initiates coverage with 'buy' but sets the target at 95 euros, down from the previous figure of 100 euros. An analyst had lowered his target on June 10. Median at 95 euros, gap targets / price: +24.0%.
Target raised for Planisware: Oddo BHF initiates at 'outperform' and sets the target at 23 euros, up from 22 euros previously.
Exail Technologies: TP Icap Midcap maintains 'buy' but reduces the target from 145 to 135 euros. An analyst had already lowered his target on June 12.
Goldman Sachs makes three adjustments today: slight increase in the target for Euronext from 153 to 154 euros ('neutral' confirmed) — 2 analysts had raised their targets (last movement on June 11); cut of one euro on Eurazeo, from 70 to 69 euros ('buy' maintained) — an analyst had lowered his target on June 8; and an increase from 88 to 90 euros for Amundi ('buy' confirmed), median consensus at 86.20 euros, gap targets / price: +4.4%.
Corbion: Berenberg upgrades the recommendation from 'hold' to 'buy' and raises the target from 19.60 to 24.00 euros.
