Price Targets: Developments for STMicro, Veolia, Alstom...
UBS raises the STMicroelectronics target from 49 to 80 euros and starts coverage with a buy recommendation. Oddo BHF initiates coverage of Oeneo with an 'outperform' rating and raises Rémy Cointreau, while Goldman Sachs lowers its target on Alstom.
Above Their Targets
Above their target: 2 values · Covered values: 63
Values above their target: BE SEMICONDUCTOR (-7.1%) · BOLLORE (-0.8%)
Largest gaps between target / price:
CSG — target 30.75 euros — gap target / price: +98.9%
ESSILORLUXOTTICA — target 300.00 euros — gap target / price: +76.7%
EXOR NV — target 109.00 euros — gap target / price: +67.3%
WOLTERS KLUWER — target 99.50 euros — gap target / price: +65.1%
PROSUS — target 66.00 euros — gap target / price: +64.0%
STMicroelectronics: UBS starts coverage with a 'buy' and raises the target from 49 to 80 euros. 3 analysts had already raised their targets in the last 10 days.
From 43 to 49.90 euros at Rémy Cointreau: Oddo BHF raises its target, the previous recommendation was 'neutral'.
Oeneo: Oddo BHF starts coverage with 'outperform' and sets a target at 11.50 euros.
Portzamparc now values Wavestone at 65.90 euros, up from 62.40 euros.
Abivax: two opposite adjustments, Portzamparc raises its target from 63 to 70 euros ('hold' confirmed) while Stifel reduces it from 142 to 115 euros ('buy' maintained). An analyst had already modified his target on May 25.
Berenberg raises the target for Veolia Environnement from 39.40 to 40.50 euros, confirming 'buy'. An analyst had raised his target on June 3. Median targets at 39 euros, gap targets / price: +11.2%.
Stellantis: Morgan Stanley raises from 6.50 to 7.10 euros while keeping 'market weight', CIC Market Solutions maintains at 9 euros ('buy'). 2 analysts had lowered their targets in the last 10 days, the last on June 2.
Jump in the target for OPMobility: Bernstein moves from 10 to 14.60 euros, 'underperform' confirmed. An analyst had raised his target on June 2.
Kepler Cheuvreux initiates ArcelorMittal at 'buy' and adjusts the target from 60 to 73 euros.
Alstom: Goldman Sachs maintains 'sell' but reduces the target from 18.50 to 16.50 euros. An analyst had lowered his target on May 27.
R5 Capital reduces Ahold Delhaize from 40 to 36 euros ('hold' unchanged). An analyst had also lowered his target on June 2. The median targets are set at 41.30 euros — gap targets / price: +17.1%.
TomTom: ING Wholesale raises the target from 5 to 5.50 euros, leaving 'hold'.
Cut at EVS Broadcast Equipment: ING Wholesale now sets the target at 41 euros versus 44 euros, 'buy' maintained.
CIC Market Solutions confirms its targets on three files: Renault at 40 euros ('buy', last movement identified on June 1), Figeac Aéro at 13 euros ('buy', last movement on May 27).
