Price targets: developments on Schneider, L'Oréal, Saint-Gobain...
Multiple price target increases are driving the market this Thursday, notably on industrial and consumer stocks. Several issues are also recording recommendation adjustments.
Above their target: 7 values · Covered values: 63
Values above their target: NN GROUP (-5.8%) · AGEAS (-5.7%) · AMUNDI (-5.0%) · Coca-ColaEuropacif (-4.4%) · KBC (-2.1%) · KERING (-0.6%) · MICHELIN (0.0%)
Largest target / price gaps:
CSG — target 30.00 euros — target / price gap: +64.6%
PROSUS — target 66.00 euros — target / price gap: +58.8%
EXOR NV — target 109.00 euros — target / price gap: +53.6%
ESSILORLUXOTTICA — target 250.00 euros — target / price gap: +45.8%
ASML HOLDING — target 2,100.00 euros — target / price gap: +43.3%
Unibail-Rodamco-Westfield: Bernstein raised its target from 122 to 125 euros while confirming its outperform recommendation. Two analysts had raised their targets over the past 10 days, with the latest move dating from August 4. Target median at 117.65 euros — target / price gap: +12.69%.
Bureau Veritas sees its target increase from 34 to 36 euros at Bernstein, which maintains its outperform. However, one analyst had lowered its target on July 31. The median stands at 32 euros, a target / price gap of +12.52%.
At Heineken, CIC Market Solutions displays a buy recommendation and a target of 85 euros. One analyst had raised its target on July 28. Consensus median at 86 euros — target / price gap: +8.31%.
Stellantis: CIC Market Solutions confirms its hold recommendation and its target of 5.50 euros. Four analysts had lowered their targets over the past 10 days, with the latest move dating from August 3.
For Abeo, CIC Market Solutions reiterates its buy and its target of 15 euros.
Thales: CIC Market Solutions maintains its buy at 305 euros. Five analysts had raised their targets over the past 10 days, against only one lowering, with the latest move dating from August 3. Median at 293 euros, target / price gap: +11.96%.
From 340 to 370 euros: that is the jump in the target made by Schneider Electric at Citi, which confirms its buy. Seven analysts had already raised their targets over the past 10 days, with the latest move dating from August 4. The median stands at 330 euros — target / price gap: +9.85%.
Saint-Gobain crosses the 95 euro threshold at DZ Bank (versus 90 euros previously), which maintains its buy. One analyst had raised and another lowered their targets on July 31. Consensus median at 100 euros, target / price gap: +16.9%.
At Renault, Grupo Santander adjusts its target from 64.80 to 68.30 euros while maintaining its outperform. Three analysts had raised their targets over the past 10 days, with the latest move dating from August 4.
Nyxoah: Invest Securities lowered its target from 5 to 4.70 euros but maintains its buy.
Barclays raised the target on Michelin from 30 to 34 euros, maintaining its equal-weight. Five analysts had raised their targets over the past 10 days against only one lowering, with the latest move dating from July 29. Median at 34 euros — target / price gap: -0.03%.
L'Oréal: Jefferies moved from underperform to hold and raised its target from 328 to 377 euros. Four analysts had raised their targets over the past 10 days against one lowering, with the latest move dating from August 4. The median stands at 420.50 euros, target / price gap: +8.21%.
It is a double blow for InPost: UBS downgraded from overweight to hold and lowered the target from 16 to 15.60 euros.
Euronext sees Oddo BHF cross the 175 euro threshold (versus 155 euros), while confirming its outperform. Five analysts had raised their targets over the past 10 days, with the latest move dating from August 4.
Triple move on Carvolix: Oddo BHF initiates with an outperform at 10.50 euros; TP Icap Midcap raised its target from 4.50 to 6 euros and moved to hold; Portzamparc raised its own from 5.60 to 7.60 euros while maintaining its buy.
BNP Paribas Exane adjusted the target on Crédit Agricole from 17.50 to 19 euros, maintaining its neutral stance. Two analysts had raised their targets over the past 10 days, with the latest move dating from August 4. Median at 20 euros, target / price gap: +3.33%.
Ageas: Autonomous Research displays an underperform view and a target of 59 euros (raised from 57 euros). One analyst had raised its target on August 3. Consensus median at 70 euros — target / price gap: -5.66%.
For Hermès, BofA Securities maintains its buy but lowered the target from 2250 to 2000 euros. One analyst had raised and two others lowered their targets over the past 10 days, with the latest move dating from July 30. The median stands at 1900 euros, target / price gap: +22.9%.
