100% French Equities – Monday, October 13, 2025
100% French Equities – Monday, October 13, 2025
CAC 40 PREOPEN: 7,946 points (+0.36%)
Key actions of the day
Sidetrade (ALBFR): Strategic acquisition of 100% of ezyCollect for €37M. Expansion into Asia-Pacific in Order-to-Cash.
Nexans (NEX): Immediate management change. Julien Hueber appointed CEO, Christopher Guérin dismissed.
Theon International (THEON): Acquisition of 9.8% of Exosens (EXOSENS) for €269M, valuation at €54/share (+24.2% premium).
TF1 (TFI): Obtains exclusive rights for the 2027 Rugby World Cup.
Carmila (CARM): Repurchase of €313M in outstanding bonds.
Air France (AF): Suspension of flights to Madagascar for security reasons.
Ipsen (IPN): Presentation of 8 abstracts at the ESMO 2025 conference.
Metavisio (ALTHO): Delivery of over 10,000 Thomson computers with post-quantum blockchain technology.
Arverne Group (ARVER): Strengthens its position in Lithium de France with the arrival of Hydro Energy.
Medincell (MEDCL): Extension of Uzedy’s approval to bipolar disorder.
Expected corporate results today
No major results announced today.
Analyst recommendations
Changes in recommendations (French companies only)
Upgraded
Legrand (LR) → Jefferies moves from underperform to buy, target raised to €167
Spie (SPIE) → Baptista Research moves from underperform to outperform, target €54.50
Technip Energies (TE) → Baptista moves from underperform to hold, target €43.10
Scor (SCR) → Morgan Stanley stays overweight, target raised to €34
Suss Microtec (SMHN) → Oddo BHF moves from neutral to outperform, target €45
Neutral
Amundi (AMUN) → Morgan Stanley maintains market weight, target raised to €76.90
Biomérieux (BIM) → Oddo BHF maintains outperform, target adjusted to €128
Euronext (ENX) → Keefe Bruyette & Woods remains at market perform, target €144
Société Générale (GLE) → Goldman Sachs remains neutral, target adjusted to €62.50
Soitec (SOI) → Jefferies remains at hold, target €42
Sanofi (SAN) → Zacks remains neutral, target adjusted to $52
Technip Energies (TE) → Morgan Stanley remains at market weight, target €36
Downgraded
Rexel (RXL) → Baptista Research moves from hold to underperform, target €25.80
STMicroelectronics (STM) → Baptista moves from buy to hold, target lowered to €26.50
Seb (SK) → Baptista remains at buy but sharply reduces target to €76.20
Rémy Cointreau (RCO) → AlphaValue remains at accumulate, target reduced to €55.30
Renault (RNO) → Baptista moves to buy but target reduced to €44.60
Have a good trading session, everyone!
Sylvain Mouilhaud: Equities Coach.