Price Targets: Developments for Vivendi, LVMH, Kering...

Above their target: 5 equities · Covered equities: 63

Equities above their target: AGEAS (-5.8%) · MICHELIN (-3.3%) · AMUNDI (-0.6%) · EUROFINS SCIENT. (-0.5%) · KBC (-0.2%)

Largest target / price gaps:
PROSUS — target 65.91 euros — target / price gap: +77.5%
CSG — target 27.50 euros — target / price gap: +65.6%
ESSILORLUXOTTICA — target 244.00 euros — target / price gap: +62.9%
EXOR NV — target 109.00 euros — target / price gap: +47.6%
ASML HOLDING — target 2,100.00 euros — target / price gap: +43.1%

Ackermans V.Haaren: Oddo BHF and ABN AMRO display "Neutral" ratings for a target of 300 euros each, while Kepler Cheuvreux raises its target from 340 to 360 euros while maintaining its buy rating.

At Soitec, three brokers are positioning themselves: Kepler Cheuvreux targets 180 euros on buy; Jefferies moves from 85 to 98 euros, "underperform" rating; Berenberg adjusts from 129 to 135 euros, "hold" recommendation. Two analysts had already raised their targets on September 4.

Ipsos: Kepler Cheuvreux downgrades its recommendation from "buy" to "hold" and reduces the target from 49 to 44 euros.

From "buy" to "hold" for Vivendi SE at Kepler Cheuvreux, which lowers the target from 2.70 to 1.80 euros. JP Morgan maintains its overweight but reduces from 2.40 to 1.90 euros. Two analysts had already lowered their targets on September 4.

Wolters Kluwer: Kepler Cheuvreux raises its target from 90 to 96 euros, confirming the buy rating. Consensus median at 90 euros — target / price gap: +30.7%.

Syensqo sees BofA Securities raise its target from 80 to 85 euros, "hold" rating confirmed. One analyst had already raised its target on September 3.

For Galp Energia-Nom, Morgan Stanley moves from "Overweight" to "buy" and raises the target from 22 to 23 euros. Alphavalue also progresses, from "sell" to "reduce", target from 18.30 to 21.50 euros. Median at 22 euros, target / price gap: +7.21%.

It is UBS that adjusts Elia Group: the buy rating is maintained but the target falls from 147 to 144 euros. One analyst had raised its target on September 3. Consensus median at 150 euros — target / price gap: +25.94%.

Ayvens: UBS confirms the buy rating and target of 12.90 euros. Two analysts had, however, lowered their targets on September 4.

Claranova: Katherine Thomson sets a target of 2.75 euros, recommendation unknown.

Three maintains at CIC Market Solutions: Legrand remains on buy with a target of 170 euros (consensus median at 168.50 euros, target / price gap: +19.59%; two analysts had raised their targets on September 3); Airbus also on buy, 240 euros targeted (one analyst had raised its target on August 31); Michelin on "hold", target 35 euros (median at 34 euros, target / price gap: -3.3%).

Veolia Environ.: CIC Market Solutions confirms the buy at 40 euros. Consensus median: 40 euros, target / price gap: +25.39%.

Stef: TP Icap Midcap sets a target of 152 euros on buy. One analyst had raised its target on September 4.

LDC: Portzamparc displays a "Buy" rating for a target of 141 euros.

Worldline: Goldman Sachs maintains the sell but raises the target from 9.60 to 10.90 euros. One analyst had raised its target on September 3.

Goldman Sachs slightly lowers Unibail-Rodamco-WE from 138 to 135 euros, buy confirmed. One analyst had raised its target on September 1. Median at 118 euros — target / price gap: +21.47%.

For Covivio, Goldman Sachs raises its recommendation from "neutral" to "buy" but reduces the target from 60.80 to 60 euros.

Rothschild & Co Redburn adjusts three luxury equities: LVMH sees its target rise from 565 to 580 euros on buy (median at 580 euros, target / price gap: +35.17%); Kering drops from "neutral" to "sell", target from 235 to 225.76 euros (median at 285 euros, target / price gap: +16.23%); Hermès falls from 1975 to 1835 euros, buy maintained (median at 1885 euros, target / price gap: +29.38%).