Price Targets: Developments for Schneider, STMicro, Thales...
This Monday, analysts are adjusting their valuations on several European stocks. The revisions include industrial stocks as well as health, chemical, and telecom sectors.
Above Their Target:
Above their target: 6 values · Covered values: 63
Values above their target: NN GROUP (-5.7%) · MICHELIN (-3.9%) · SEGRO PLC (-2.9%) · BE SEMICONDUCTOR (-2.7%) · AGEAS (-1.8%) · Coca-ColaEuropacif (-0.4%)
Largest gaps between target and current price:
CSG — target 30.75 euros — gap: +142.5%
PROSUS — target 66.00 euros — gap: +76.1%
WOLTERS KLUWER — target 99.00 euros — gap: +73.7%
CAPGEMINI — target 150.00 euros — gap: +67.3%
ESSILORLUXOTTICA — target 275.00 euros — gap: +63.1%
Schneider Electric: HSBC raises its target from 285 to 400 euros while confirming its buy rating; Barclays from 307 to 340 euros (overweight) and Morgan Stanley from 300 to 315 euros (overweight). Median target at 302 euros — gap: +9.4%.
From 48 to 71.50 euros at JP Morgan for STMicroelectronics (neutral recommendation maintained); HSBC exceeds 84 euros (from 53 previously) while maintaining a buy rating, and Barclays sets a target at 65 euros (market weight).
Oxcap Analytics rates Thales as 'overweight' with a target of 325 euros. Consensus median at 295.50 euros — gap: +36.5%.
L'Oréal sees HSBC slightly adjust its target from 440 to 445 euros (buy confirmed). Median targets at 419.50 euros, gap: +8.1%. One analyst had raised the target on June 25, another had lowered it on the same date.
Major cut on EssilorLuxottica: HSBC reduces its target from 340 to 200 euros while maintaining its buy rating; Goldman Sachs also cuts from 260 to 230 euros (buy). Median at 275 euros — gap: +63.1%. An analyst had already lowered the target on June 24.
Danone: Jefferies revises its target from 82 to 80 euros (buy maintained) while Morgan Stanley raises it from 78 to 80 euros (overweight). Median targets at 79 euros, gap: +9.5%. An analyst had raised the target on June 22.
For Rexel, Morgan Stanley adjusts its target from 42 to 42.50 euros maintaining its overweight rating. 2 analysts had already raised their targets in the last 10 days, the latest on June 26.
KPN Kon: Kepler Cheuvreux switches from 'hold' to 'buy' and raises the target from 4.30 to 5.30 euros. Consensus median at 4.77 euros — gap: +6.7%. An analyst had raised the target on June 24.
Valbiotis: TP Icap Midcap reduces its target from 2.10 to 1.80 euros (buy); Invest Securities maintains its at 1.60 euros (buy).
TP Icap Midcap raises the target for S.E.B. from 67 to 69 euros (buy).
EDP Renewables sees CaixaBank BPI raise its target from 15.80 to 17 euros (hold).
Invest Securities initiates coverage on FSDV at 'hold' with a target of 17.40 euros.
Solvay: Jefferies raises the target from 18 to 20 euros while maintaining its 'underperform' rating.
Portzamparc adjusts the target for Exail Technologies from 115 to 128.50 euros (hold) following a potential offer announcement from Safran at this price.
