French Analyst Ratings: Jefferies turns bullish on Rexel, TD Cowen raises Kering target

Jefferies upgraded Rexel to a positive stance this morning. "We see a favorable backdrop for Rexel through 2026, supported by significant pricing tailwinds, a recovery in certain industrial and construction markets, and another year of robust growth in the data center sector," the analyst explained. Elsewhere, Kempen upgraded Mercialys while downgrading Unibail.

Arkema: Deutsche Bank maintains a hold rating with a price target raised from EUR 49 to EUR 50.

Carmila: Kempen maintains its neutral rating and raises the price target from EUR 16 to EUR 17.

Elis: Jefferies maintains its buy rating and raises the price target from EUR 30 to EUR 32.

Essilorluxottica: Goldman Sachs maintains its buy rating and reduces the price target from EUR 350 to EUR 265.

Kering: TD Cowen remains at hold with a price target raised from EUR 275 to EUR 300.

Klépierre: Kempen maintains its sell rating and raises the price target from EUR 31 to EUR 32.

Mercialys: Kempen upgrades from neutral to buy with a price target raised from EUR 11 to EUR 14.

Rexel: Jefferies upgrades from hold to buy with a price target raised from EUR 32 to EUR 43.10.

Safran: Deutsche Bank maintains its buy rating and raises the price target from EUR 348 to EUR 365.

Saint-Gobain: AlphaValue/Baader Europe maintains its accumulate rating and raises the price target from EUR 90.20 to EUR 92.90.

Seb: Bernstein remains at outperform with a price target raised from EUR 70 to EUR 73.

Société Générale: Goldman Sachs maintains its buy rating and raises the price target from EUR 85 to EUR 85.75.

Unibail-Rodamco-Westfield: Kempen downgrades from buy to hold with a price target of EUR 105.

Worldline: JP Morgan maintains its neutral rating and slashes the price target from EUR 1.30 to EUR 0.30.