Recommendations: Changes for Pernod Ricard, LVMH, Safran...
Seven analysts simultaneously adjust their price targets on Pernod Ricard on August 28, while BofA Securities revises its valuations on three major French-listed companies. Dutch and Belgian insurers also record target price increases.
Above their target: 6 securities · Covered securities: 64
Securities above their target: AGEAS (-5.0%) · DASSAULT SYSTEMES (-4.6%) · MICHELIN (-1.0%) · NN GROUP (-1.0%) · EUROFINS SCIENT. (-0.9%) · Coca-ColaEuropacif (-0.3%)
Largest target/price gaps:
PROSUS — target 66.00 euros — target/price gap: +73.6%
ESSILORLUXOTTICA — target 250.00 euros — target/price gap: +58.7%
EXOR NV — target 109.00 euros — target/price gap: +51.9%
CSG — target 27.50 euros — target/price gap: +44.1%
ASML HOLDING — target 2,100.00 euros — target/price gap: +41.3%
Pernod Ricard: coordinated move by seven brokers reducing their targets — BofA Securities moves from 74 to 73 euros, RBC Capital has reduced its target on Pernod Ricard. Bernstein from 115 to 110 euros, Jefferies from 95 to 90 euros, Citi from 100 to 94 euros, Barclays from 93 to 91 euros, BNP Paribas Exane from 62.50 to 58 euros. The median target stands at 87 euros — target/price gap: +34.9%.
From 660 to 640 euros at LVMH: BofA Securities lowers its target while maintaining its buy recommendation. An analyst had already reduced its target on August 19. Consensus median at 580 euros, target/price gap: +29.6%.
Kering sees BofA Securities bring its target down from 315 to 300 euros, hold recommendation maintained. The median target stands at 285 euros — target/price gap: +13.8%.
Kepler Cheuvreux pushing ASR Nederland: target raised from 75.50 to 81.60 euros, buy confirmed. ING follows with an increase from 76 to 77.50 euros, also buy. An analyst had already raised its target on August 19. Median at 72 euros, target/price gap: +1.8%.
Safran: Morgan Stanley crosses the 373 euro threshold (versus 330 euros), maintaining its market weight. Consensus median at 389 euros — target/price gap: +13.3%.
The Legrand target moves from 155 to 160 euros according to Morgan Stanley, which maintains its overweight. The median target stands at 167 euros, target/price gap: +22.4%.
Dassault Systèmes: BofA Securities adjusts from 24 to 26 euros, hold recommendation unchanged. An analyst had raised its target on August 19. Median at 22 euros, current price stands 4.6% above.
At Tessenderlo, Kepler Cheuvreux improves its position: change from "reduce" to "hold", target raised from 20 to 22 euros.
Interparfums benefits from a dual move at Oddo BHF: recommendation raised from "neutral" to "outperform", target raised from 27 to 32 euros.
KBC Securities sets the Ageas target at 75 euros versus 70 euros previously. Median at 70 euros, current price exceeds median targets by 5%.
Montea: Berenberg adjusts down its target from 90 to 85 euros, while maintaining its buy.
Also falling for Eiffage: Alphavalue brings its target down from 184 to 176 euros, buy confirmed. An analyst had already lowered its target on August 27.
Atos Group: BofA Securities sets a new target at 32 euros, sell recommendation maintained.
Finally, Eurocommercial receives a target of 29 euros set by KBC Securities.
