Price targets: revisions for LVMH, Société Générale, Safran...
Luxury stocks account for several target price adjustments on Tuesday, while Société Générale sees three brokers simultaneously weighing in. The aerospace, construction and retail sectors are also subject to targeted revisions.
Above their target: 5 values · Covered values: 64
Values above their target: Eurofins Scientific (-7.3%) · Ageas (-6.1%) · BCP (-1.4%) · NN Group (-0.6%) · KBC (-0.2%)
Largest target / price gaps:
Prosus — target 62.50 euros — target / price gap: +73.3%
EssilorLuxottica — target 237.00 euros — target / price gap: +67.8%
CSG — target 25.00 euros — target / price gap: +64.3%
Exor — target 109.00 euros — target / price gap: +53.1%
Adyen — target 1,320.00 euros — target / price gap: +48.2%
Vusion: Bernstein lowers target from 180 to 170 euros, "outperform" recommendation;
Safran rises from 410 to 420 euros at Bernstein, which maintains "outperform". One analyst had lowered his target on September 18. Median target at 389 euros — target / price gap: +17.6%.
From 29.40 to 27.70 euros: Engie sees Bernstein lower its target, while raising the recommendation from "market perform" to "outperform". The median consensus stands at 31 euros, target / price gap: +30.9%.
Three simultaneous moves on Société Générale: RBC Capital raises target from 84 to 88 euros ("sector perform"); Citi raises its target from 96 to 100 euros ("buy"); Alphavalue brings it down from 81.90 to 80.60 euros ("reduce"). One analyst had raised his target on September 21. Median at 88 euros — target / price gap: +19.1%.
At LVMH, RBC Capital sets a target of 475 euros ("sector perform"); Jefferies lowers its target from 510 to 440 euros, "hold" recommendation maintained. 9 analysts had lowered their targets over the past 10 days, latest move on September 21. Consensus median at 559 euros, target / price gap: +37.9%.
Kering: RBC Capital cuts target from 350 to 280 euros, "sector perform" confirmed. One analyst had raised his target on September 21. Median at 283.50 euros — target / price gap: +24.0%.
For Hermès International, RBC Capital lowers target from 1,700 to 1,600 euros, "market perform" recommendation unchanged. 4 analysts had lowered their targets over the past 10 days, latest move on September 21. Consensus median at 1,800 euros, target / price gap: +33.9%.
It is also RBC Capital that revises EssilorLuxottica from 230 to 190 euros, "outperform" maintained. One analyst had lowered his target on September 17. Median at 237 euros — target / price gap: +67.8%.
L'Oréal sees Jefferies adjust target from 377 to 361 euros, "hold" recommendation. Median targets at 420.50 euros, target / price gap: +9.6%.
Net upgrade for Jeronimo Martins: Jefferies moves from "hold" to "buy" and raises target from 18 to 21 euros.
Vaziva: GreenSome Finance displays a target of 47.89 euros, "buy" opinion.
At Mersen, Oddo BHF raises target from 49 to 50 euros, "outperform" recommendation.
From 35 to 34 euros on Lumibird: Portzamparc lowers slightly, "buy" recommendation confirmed.
Morgan Stanley raises Eiffage from 177 to 180 euros, "overweight" maintained.
On Bouygues, Morgan Stanley moves from 53 to 57 euros, "equal-weight" recommendation unchanged. One analyst had raised his target on September 16. Median at 60 euros — target / price gap: +38.0%.
Deutsche Bank revises its position on Danone: shift from "sell" to "hold", 61 euros target. Consensus median at 79 euros, target / price gap: +31.1%.
Invest Securities continues its adjustments: Aubay from 66 to 67.50 euros ("buy"); Exosens from 67 to 70 euros ("buy", 3 analysts had raised their targets over the past 10 days, latest move on September 18); Thermador Groupe at 103 euros ("buy"); Touax at 6.10 euros ("buy").
Odiot: Greensome Finance maintains "buy" and 60 euros target.
CIC Market Solutions confirms its positions: Michelin at 35 euros ("hold", median at 34 euros, target / price gap: +1.9%); Bureau Veritas at 31 euros ("buy", median at 32 euros, target / price gap: +17.9%); Stellantis at 5.50 euros ("hold", 3 analysts had lowered their targets over the past 10 days, latest move on September 21); Ipsen at 180 euros ("buy", one analyst had raised his target on September 18, median at 170 euros, target / price gap: +14.9%).
Cut on Derichebourg: CIC Market Solutions brings target down from 10.80 to 9.70 euros, "buy" maintained. One analyst had raised his target on September 21.
DEME: KBC Securities lowers target from 240 to 220 euros, "buy" recommendation.
