Recommendations: Developments for Société Générale, Legrand, L'Oréal...

Above Their Target:

Above their target: 6 values · Covered values: 62

Values above their target: MICHELIN (-7.4%) · NN GROUP (-5.0%) · Coca-ColaEuropacif (-4.3%) · AGEAS (-3.1%) · SAFRAN (-1.4%) · AMUNDI (-1.1%)

Largest target/price gaps:
CSG — target 30.75 euros — target/price gap: +106.9%
PROSUS — target 65.96 euros — target/price gap: +72.9%
CAPGEMINI — target 150.00 euros — target/price gap: +61.6%
EXOR NV — target 109.00 euros — target/price gap: +56.4%
WOLTERS KLUWER — target 90.00 euros — target/price gap: +55.5%

Société Générale is upgraded from 'hold' to 'buy' at Kepler Cheuvreux, raising the target from 70.70 to 85 euros. Median target at 83.50 euros — target/price gap: +7.4%.

Double revision for Legrand: Kepler Cheuvreux raises the target from 155 to 170 euros and the recommendation to 'buy', while Barclays rates it 'overweight' with a target at 185 euros. An analyst had already raised the target on July 3. Median consensus at 160 euros, target/price gap: +11.9%.

At Air Liquide, the target crosses the 200 euros threshold: Kepler Cheuvreux raises it from 176.36 to 205 euros, while CIC Market Solutions maintains theirs at 200 euros and confirms the buy rating. Two analysts had raised their targets in the last 10 days, the latest movement dated July 6. Median at 182.27 euros — target/price gap: +2.6%.

L'Oréal sees RBC Capital adjust its target from 430 to 450 euros while confirming 'outperform'. Three analysts had raised their targets in the last 10 days, the latest movement dated July 1. Median targets at 420.50 euros, target/price gap: +11.2%.

A significant cut at Worldline: BofA Securities moves from 'under review' to 'sell' and lowers the target from 15 to 9 euros.

Safran: CIC Market Solutions maintains the buy rating and the target at 355 euros, while BofA Securities raises theirs from 330 to 395 euros, confirming the buy. An analyst had raised their target on July 1. Median consensus at 352 euros — target/price gap: -1.4%.

Morgan Stanley adjusts its target on Sodexo from 44 to 50 euros while rating it 'underweight'. Three analysts had raised their targets in the last 10 days, the latest movement dated July 3.

Downward revision for Saint Gobain: Oddo BHF lowers the target from 110 to 100 euros while rating it 'outperform'. An analyst had, however, raised their target on July 3. Median targets at 100 euros, target/price gap: +26.3%.

Deutsche Bank raises the target on ArcelorMittal from 57 to 61 euros, opinion to 'buy'.

Amundi sees BofA Securities raise the target from 92 to 97 euros, confirming the buy. Two analysts had raised their targets in the last 10 days, the latest movement dated July 6. Median at 88.50 euros — target/price gap: -1.1%.

ING Wholesale maintains the buy on Wolters Kluwer but lowers the target from 160 to 85 euros. An analyst had lowered their target on July 2. Median targets at 90 euros, target/price gap: +55.5%.

Same movement at RELX: ING Wholesale confirms the buy but lowers the target from 53 to 42 euros. An analyst had lowered their target on July 2.

Invest Securities raises the target on Carvolix from 4 to 4.60 euros while confirming the buy.

Three other coverages today: TP Icap Midcap is at 'hold' on Voyageurs du Monde with a target at 180 euros, on Exail Technologies with a target at 135 euros (an analyst had raised their target on July 6), and Greensome Finance displays a 'buy' on Egide with a target at 1.31 euro.

RBC Capital rates 'outperform' on Carrefour with a target at 22 euros. An analyst had raised their target on July 2.

CIC Market Solutions presents three coverages: 'buy' on Thales with a target at 305 euros (median consensus at 295.50 euros, target/price gap: +22.6%), 'buy' on Crédit Agricole at 22 euros (median at 20 euros, target/price gap: +12%), and 'hold' on Alstom with a target at 20 euros.