Price Targets: Developments for TotalEnergies, Hermès, Thales...

Above their target: 4 values · SBF 120 covered stocks: 120

Stocks above their target: Teleperformance (-7.3%) · Sodexo (-4.9%) · Eurofins Scientific (-4.3%) · Solvay (-0.4%)

Large target / price gaps:
Inventiva — target 8.34 euros — target / price gap: +172.5%
Atos — target 45.85 euros — target / price gap: +115.9%
DBV Technologies — target 4.41 euros — target / price gap: +112.6%
Genfit — target 19.70 euros — target / price gap: +100.6%
Nanobiotix — target 52.08 euros — target / price gap: +83.8%

Thales: Bernstein lowers the target from 290 to 250 euros, while maintaining its outperform rating; CIC Market Solutions confirms its buy at 305 euros. The median target stands at 290 euros — target / price gap: +28.3%.

TotalEnergies receives three opinions: Oddo BHF raises the target from 85 to 88 euros (outperform maintained); CIC Market Solutions reiterates the buy at 106.70 euros; Alphavalue reduces from 76.10 to 74.60 euros, "reduce" rating. 5 analysts had raised their targets in the last 10 days. Median at 87 euros, representing a target / price gap of +10.1%.

Bernard Arnault's domain: Hermès International sees Barclays adjust the target from 1,700 to 1,660 euros, market weight unchanged. 4 analysts had lowered their targets in the last 10 days, with the latest move dating from September 24. Consensus median: 1,730 euros — target / price gap: +26.2%.

Bureau Veritas: JP Morgan upgrades the recommendation from neutral to overweight and raises the target from 28 to 34 euros. 2 analysts also raised their targets in the last 10 days, with the latest on September 27. Median at 32.20 euros, representing +18.3% target / price gap.

From 34 to 44 euros at Rexel: CIC Market Solutions moves from "hold" to "buy" and significantly raises its target. Consensus median at 44 euros, target / price gap: +21.1%.

AB InBev shows three moves: Barclays reduces the target from 82 to 81 euros (rating withdrawn); KBC Securities maintains buy, stable target at 74 euros; Morgan Stanley raises from 82.50 to 83.50 euros, overweight confirmed. One analyst had lowered its target on September 25. Median at 81 euros — target / price gap: +22.4%.

It is Portzamparc that propels Quadient: target raised from 19 to 22.20 euros, strong buy maintained. One analyst had already raised its target on September 24. Median at 24.69 euros — target / price gap: +87.3%.

BofA Securities adjusts three files: Teleperformance sees its target rise from 68 to 72 euros (hold reiterated); Alten moves from 55 to 70 euros while maintaining "sell" — 3 analysts had raised their targets in the last 10 days, with the latest on September 28 (median at 100 euros, target / price gap: +25.3%); JCDecaux rises from 28 to 30 euros, buy confirmed — one analyst had already raised its target on September 28 (median at 28 euros, target / price gap: +12.4%).

Legrand: CIC Market Solutions raises the target from 170 to 180 euros, buy maintained. 3 analysts had raised their targets in recent days, latest move on September 24. Median at 160 euros — target / price gap: +10.5%.

ING Wholesale raises three targets: SBM Offshore jumps from 37.50 to 49.50 euros (buy, median at 46.04 euros, target / price gap: +26.3%); Fagron moves from 28 to 30 euros (buy, median at 30.31 euros, target / price gap: +30.6%); Vopak rises from 64 to 68 euros, buy maintained (median at 50 euros, target / price gap: +4.8%).

Capgemini undergoes a severe cut: Invest Securities maintains buy but reduces the target from 204 to 132 euros. Consensus median at 132 euros — target / price gap: +27.4%.

KBC: Citi raises the target from 125 to 140 euros, market perform reiterated. Median at 140 euros, target / price gap: +5.2%.

Eurofins Scientific: Bernstein downgrades its recommendation from outperform to market perform and reduces the target from 77.20 to 73.90 euros. Median at 73.90 euros — target / price gap: -4.3%.

Double Bernstein adjustment on defense: Dassault Aviation moves from 330 to 340 euros (market perform maintained) — one analyst had already raised its target on September 28 (median at 350 euros, target / price gap: +21.6%); Eutelsat falls from 2.90 to 2.40 euros, market perform confirmed (median at 2.21 euros, target / price gap: +34.8%).

EssilorLuxottica: Stifel reduces the target from 290 to 280 euros, buy maintained. 3 analysts had lowered their targets in the last 10 days, latest move on September 25. Median at 250 euros — target / price gap: +71.5%.

Saint-Gobain: Rothschild & Co Redburn slightly lowers the target from 103 to 101 euros, buy reiterated. Median at 100 euros, target / price gap: +42.8%.

ArcelorMittal: Morgan Stanley raises the target from 70 to 71 euros, overweight maintained. Median at 65 euros — target / price gap: +6.3%.

Robertet: BNP Paribas Exane reduces the target from 1,017 to 980 euros, outperform maintained. Median at 930 euros, target / price gap: +24.3%.

Antin Infrastructure Partners: Deutsche Bank lowers the target from 11.50 to 9 euros, hold maintained. Median at 8.96 euros — target / price gap: +21.7%.

On small caps: Boa Concept displays a target of 19.50 euros at Euroland Corporate (buy); Dekuple stands at 31 euros at this same broker, buy maintained; FSDV falls from 17.40 to 16.80 euros (Invest Securities, hold); Guillemot stands at 5.70 euros (Invest Securities, buy); Inventiva moves from 10 to 9 euros at TD Cowen, buy maintained (median at 8.34 euros, target / price gap: +172.5%).

In the Benelux: Ageas sees UBS raise the target from 72 to 75 euros while moving from market perform to hold (median at 75 euros, target / price gap: +0.3%); Barco falls from 10.70 to 9.70 euros at KBC Securities, rating withdrawn (median at 9 euros, target / price gap: +21.3%); Arcadis remains stable at 42 euros (KBC Securities, hold, median at 43.30 euros, target / price gap: +4.3%).

For Renault, CIC Market Solutions reiterates the buy and 40 euro target. One analyst also adjusted its target on September 25. Median at 32 euros — target / price gap: +22.5%.