Price Targets: Developments for Soitec, L'Oréal, Capgemini...
Several brokerage houses are adjusting their targets this Friday. The revisions affect stocks in luxury, technology, construction, and aeronautics, with contrasting movements across sectors.
Above Their Target:
Above their target: 2 stocks · Covered stocks: 62
Stocks above their target: BE SEMICONDUCTOR (-6.8%) · NN GROUP (-0.5%)
Largest gaps between target / price:
ESSILORLUXOTTICA — target 300.00 euros — gap target / price: +71.6%
PROSUS — target 66.00 euros — gap target / price: +70.9%
WOLTERS KLUWER — target 100.00 euros — gap target / price: +65.0%
EXOR NV — target 109.00 euros — gap target / price: +63.4%
Soitec: Citi maintains its 'sell' recommendation but nearly triples the target, which goes from 34 to 110 euros. 2 analysts had already raised their target in the last 10 days, the latest movement dating from May 28.
From 404.50 to 393 euros at L'Oréal: China Merchants lowers its target while confirming 'hold'. The median of the targets comes out to 415 euros — gap targets / price: +7.3%. 2 analysts, however, had raised their target last week.
X-Fab: KBC Securities initiates coverage with a 'reduce' recommendation and a target at 8 euros. An analyst had raised his target on May 28.
It's a sharp cut at EssilorLuxottica: Morgan Stanley maintains 'overweight' but brings the target from 315 to 225 euros. Median consensus at 300 euros, gap targets / price: +71.6%.
Elia Group sees its target move from 120 to 125 euros: Deutsche Bank confirms 'hold'. The median of the targets is set at 150 euros — gap targets / price: +10.1%.
Eiffage: Intesa Sanpaolo raises the target from 173 to 197 euros while maintaining 'buy'. An analyst had also raised his target on May 27. Median at 160 euros, gap targets / price: +29.4%.
Three brokers adjust Derichebourg: Portzamparc raises from 8.20 to 10.30 euros (buy), Oddo BHF sets a target at 10.47 euros, and Invest Securities moves from 11 to 11.30 euros (buy).
Dassault Aviation: BNP Paribas raises the target from 340 to 350 euros, confirming 'outperform'. The median of the targets coincides with this target — gap targets / price: +15.4%.
Slight decline at Capgemini: UBS maintains 'neutral' but lowers the target from 112 to 107 euros. 2 analysts had already lowered their target in the last 10 days, against a rise. Median consensus at 146.50 euros, gap targets / price: +44.7%.
Pierre & Vacances: Oddo BHF confirms its target at 2.67 euros. An analyst had raised his target on May 28.
Laurent-Perrier: Oddo BHF moves the target from 113 to 131.49 euros.
Sartorius Stedim Biotech: Jefferies marginally raises the target from 226 to 227 euros, maintaining 'buy'. Median at 229 euros, gap targets / price: +31.1%.
ING Wholesale brings IMCD from 116.50 to 108 euros while confirming 'buy'.
CIC Market Solutions follows five cases with a 'buy' recommendation: Safran at 355 euros (median consensus at 336.20 euros, gap targets / price: +11%), Danone at 74.50 euros (median at 79 euros, gap targets / price: +27.7%; an analyst had lowered his target on May 21), Stellantis at 9 euros (2 analysts had lowered their target in the last 10 days, against a rise), Renault at 40 euros, and Bolloré at 6.40 euros (median at 5.50 euros, gap targets / price: +1.9%).
Reworld Media: Greensome Finance confirms 'buy' and maintains the target at 6.60 euros.
BofA Securities lowers Saint-Gobain from 115 to 110 euros while maintaining 'buy'. Median consensus at 100 euros, gap targets / price: +28.7%.
