100% French Equities – FRIDAY, December 5, 2025
100% French Equities – Thursday, December 5, 2025
CAC 40 PREOPEN: 7,380 points (-0.25%)
Key stocks of the day
Unibail-Rodamco-Westfield (URW): Jean-Marie Tritant will step down as chairman on December 31, temporarily replaced by Vincent Rouget.
Stellantis (STLA): The CEO is focusing on hybrids in the USA. Canada issues a formal notice about the relocation of Jeep Compass production.
Danone (BN): Launches a buyback of 3.8 million shares to offset dilution from employee shareholding plans.
Veolia (VIE): Signed a decarbonization partnership with Science City Guangzhou Investment in China.
Colas (BOUY): Wins a €230m contract for the Vantaa tramway (Finland).
Vivendi (VIV): The AMF is awaiting a court decision on a potential mandatory takeover bid by Bolloré.
Ipsen (IPN): Transfer of Henri Beaufour's shares to a foundation.
Arkema (AKE): Strategic partnership with Semcorp on battery separators.
Derichebourg (DBG): Annual revenue at €3.34bn, down 7.5%.
Atos (ATO): Initiates a major rationalization of its real estate costs.
Oeneo (SBT): Half-year results: margin at 14%, net profit at €13.4m. Cautious outlook for H2.
La Française de l’Énergie (FDE): Launches first deep drilling project dedicated to natural hydrogen (€8.8m in subsidies).
Balyo (BALYO): Recommends a €0.60 per share offer from Softbank.
Bigben Interactive (BIG): Begins discussions about its exchangeable bonds in Nacon shares.
Inventiva (IVA): JP Morgan exceeds 5% ownership (5.73% held indirectly).
SpineGuard (ALSGD): Approval of 3 PediGuard models in China.
Metavisio (MLMV): Signs a partnership with Kaspersky for antivirus solutions.
Bio-UV (ALTUV): Installation of its first ballast water treatment system in the Mediterranean.
SRP Groupe (SRPG): Sells The Bradery back to its founders for €22m.
CFI (CFI): Launches a €0.4m capital increase.
Expected corporate results today
- Oeneo (SBT): Published half-year results, net profit down but resilient margins.
Analyst recommendations (France only)
**Recommendation changes**
Upward
BNP Paribas (BNP) → Remains at Outperform, target increased from USD 58 to 62.
EssilorLuxottica (EL) → Goldman Sachs maintains Buy, target raised from €315 to €350.
Stellantis (STLA) → Intesa Sanpaolo upgrades to Buy (vs Neutral), target increased from €10 to €12.
Pierre & Vacances (VAC) → Oddo BHF maintains Outperform, target increased to €2.30 (vs €2.20).
Neutral
ArcelorMittal (MT) → Zacks remains Neutral, target raised from USD 41 to 45.
Carrefour (CA) → JP Morgan maintains Underweight, target raised from €9 to €10.
GTT (GTT) → Goldman Sachs initiates at Neutral, target of €165.
Downward
TotalEnergies (TTE) → JP Morgan downgrades from Overweight to Neutral, target lowered from €58.50 to €55.
Saint-Gobain (SGO) → BNP Paribas maintains Outperform, but target lowered from €129 to €102.
Have a good session everyone!
Sylvain Mouilhaud: Equity coach.