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Banks (Finance)

Global Blue-Chips Receive Analyst Recommendations

Strategic Insights

— 2 min read

Global blue-chips received a flurry of analyst recommendations from top brokerages in the past two days. Major players in the basic materials, consumer goods, consumer services, financials, healthcare, and industrials sectors saw significant changes to their price targets.

Key Takeaways:

  • JPMorgan raised Rio Tinto's price target to 7,120 (6,940) pence, maintaining an 'overweight' rating.
  • Goldman Sachs increased Evraz's price target to 470 (460) pence, but downgraded the rating to 'sell'.
  • RBC raised LVMH's price target to 600 (530) EUR, with an 'outperform' rating.
  • Goldman Sachs increased Michelin's price target to 126 (124) EUR, maintaining a 'neutral' rating.
  • Metzler raised BMW's price target to 66 (54) EUR, maintaining a 'hold' rating.
  • SocGen cut Unilever's price target to 4,700 (5,000) pence, while SocGen raised L'Oréal's price target to 356 (327) EUR, maintaining a 'buy' rating.
  • Goldman Sachs increased Compass Group's price target to 1,400 (1,380) pence, maintaining a 'neutral' rating.
  • Credit Suisse raised Vivendi's price target to 30.30 (29) EUR, with an 'outperform' rating.
  • Oddo BHF raised WPP to 'outperform' ('neutral') with a target of 1,000 (880) pence.
  • Exane BNP raised Zurich to 'outperform' (underperform) with a price target of 440 (370) CHF.
  • UBS raised Zurich's price target to 400 (390) CHF, maintaining a 'buy' rating.
  • JPMorgan raised BNP Paribas's price target to 56 (53) EUR, maintaining an 'overweight' rating.
  • Deutsche Bank raised BNP Paribas's price target to 55 (52) EUR, maintaining a 'buy' rating.
  • BoFA raised HSBC to 'neutral' (underperform) with a price target of 405 pence.
  • RBC raised HSBC to 'sector perform' (underperform) with a price target of 420 (370) pence.

Statistics:

  • JPMorgan raised Rio Tinto's price target from 6,940 to 7,120 pence.
  • Goldman Sachs raised Evraz's price target from 460 to 470 pence.
  • RBC raised LVMH's price target from 530 to 600 EUR.
  • Goldman Sachs raised Michelin's price target from 124 to 126 EUR.
  • Metzler raised BMW's price target from 54 to 66 EUR.
  • SocGen cut Unilever's price target from 5,000 to 4,700 pence.
  • SocGen raised L'Oréal's price target from 327 to 356 EUR.
  • Credit Suisse raised Vivendi's price target from 29 to 30.30 EUR.
  • Exane BNP raised Zurich's price target from 370 to 440 CHF.
  • UBS raised Zurich's price target from 390 to 400 CHF.
  • JPMorgan raised BNP Paribas's price target from 53 to 56 EUR.
  • Deutsche Bank raised BNP Paribas's price target from 52 to 55 EUR.

Sources:

  • Alliance News
  • JPMorgan
  • Goldman Sachs
  • RBC
  • Metzler
  • SocGen
  • Credit Suisse
  • Oddo BHF
  • Exane BNP
  • UBS
  • Deutsche Bank
  • BoFA
  • Bernstein
  • DZ Bank
  • Barclays
  • Jefferies
  • Commerzbank

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