French Analyst Views: Berenberg buys Publicis, Bernstein upgrades Soitec
Berenberg initiates coverage on several advertising stocks, including Publicis with a buy rating. Air Liquide sees three price target downward revisions to account for the bonus share issue.
Air Liquide: BNP Paribas maintains its outperform rating with a price target reduced from 200 to 181.82 EUR. Goldman Sachs maintains its buy recommendation and lowers the price target from 197 EUR to 179 EUR. UBS maintains its buy recommendation and reduces the price target from 210 EUR to 191 EUR.
Bouygues: New Street Research maintains its buy recommendation and raises the price target from 61 to 67 EUR.
GTT: AlphaValue/Baader Europe maintains its accumulate rating and raises the price target from 222 to 228 EUR. Oddo BHF remains at outperform with a price target raised from 230 to 240 EUR.
Mersen: Berenberg remains at hold with a price target raised from 25 to 48 EUR.
Publicis: Berenberg initiates coverage with a buy rating and a target of 118 EUR. Société Générale: Citi maintains its buy recommendation and raises the price target from 84 EUR to 90 EUR.
Soitec: Bernstein remains at outperform with a price target raised from 150 to 180 EUR.
Stellantis: Citi remains at neutral and reduces the price target from 7.50 to 7.20 EUR.
Trigano: Oddo BHF maintains its outperform recommendation and reduces the price target from 205 to 191 EUR.
Publicis Groupe SA is a global leader in communication. The Group is positioned at every step of the value chain, from consulting to execution, combining marketing transformation and digital business transformation.
Publicis Groupe SA is a privileged partner in its clients' transformation to enhance personalization at scale. The Group relies on ten expertise concentrated within four main activities: Communication, Media, Data and Technology. Through a unified and fluid organization, its clients have a facilitated access to all its expertise in every market.
Present in over 100 countries, Publicis Groupe SA employs 114,079 professionals.
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