Morgan Stanley cuts target for Veolia stock from EUR 38 to EUR 35

Published on 10/27/2026 at 10:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley kept Equal-weight on October 7, 2026. Veolia stock costs EUR 32.36 on October 27, 2026, 0.25 percent below the Xetra close.

Analyst view and company dates

Morgan Stanley cut its Veolia target from EUR 38 to EUR 35 on October 7, 2026.
Veolia reported first-half 2026 revenue of EUR 22.19 billion, up 0.70 percent year over year.
Veolia stock trades at EUR 32.36 at 10:43 a.m. CEST at Lang & Schwarz on October 27, 2026, 0.25 percent below the Xetra close of October 26, 2026.
Veolia will present its nine-month 2026 key figures on November 5, 2026.

Veolia, FR0000124141, Illustration mit AI erstellt.

Veolia stock (ISIN FR0000124141) stood at EUR 32.36 at Lang & Schwarz on October 27, 2026, at 10:43 a.m. CEST, down 0.25 percent versus the Xetra close of October 26, 2026. The key catalyst remains Morgan Stanley's October 7 target cut from EUR 38 to EUR 35, while its Equal-weight rating stayed unchanged.

Target cut leaves limited upside

According to Yahoo Finance, Morgan Stanley described Veolia as the least vulnerable French utility to political developments and retained its Equal-weight view. The new EUR 35 target is EUR 2.64 above the Lang & Schwarz price, a 8.16 percent premium based on the current euro quote.

The fundamental backdrop is more measured than the target level alone suggests. For the first half of 2026, Veolia reported revenue of EUR 22.19 billion, an increase of 0.70 percent from the comparable period, while reported EBITDA reached EUR 3.55 billion and net income EUR 682.00 million, according to Ideal Investor.

Three milestones shape the picture

Veolia's recent chronology contains three quantified markers. On October 7, 2026, Morgan Stanley cut its target from EUR 38 to EUR 35. On October 12, 2026, CIC Market Solutions reduced its target from EUR 40 to EUR 38 while retaining its positive rating, as reported by Borse Express. On October 23, 2026, Veolia outlined EUR 1.00 billion of planned Spanish investment through 2030, according to Borse Express.

What comes next for results?

Veolia's finance calendar schedules the presentation of its nine-month 2026 key figures for November 5, 2026, at 8:30 a.m. CET, according to the company's finance page. Management's stated outlook calls for current net income group share growth of at least 8 percent at constant foreign exchange, including Clean Earth.

Price holds near EUR 32

The current quote places Veolia EUR 0.08 below the Xetra close, a small move that leaves the analyst target and the November reporting date as the main reference points for investors. The finance page also identifies the Clean Earth acquisition as a growth platform for Veolia's U.S. hazardous waste business.

Veolia stock was trading at EUR 32.36 at Lang & Schwarz on October 27, 2026, at 10:43 a.m. CEST, 0.25 percent below the Xetra close of October 26, 2026 at EUR 32.44. The further course of trading is shown by the continuously updated real-time quote of Veolia stock.