100% French Stocks – 02/09

CAC 40 PREOPEN

8,315 points (+0.46%) – Futures indications pending before opening.

Key Stocks of the Day

Stellantis (STLAM)

ACC, the battery joint venture with Mercedes and TotalEnergies, is abandoning two plant projects in Italy and Germany. The CEO confirms the continuation of the group's integrated model, putting an end to rumors of a split-up or brand sell-off. The stock remains closely watched after a wave of downward target revisions.

Société Générale (GLE)

The bank completes its €1bn share buyback program, a positive signal for financial discipline and shareholder remuneration.

STMicroelectronics (STM)

Signing of a strategic framework agreement with Amazon Web Services (AWS). Objective: accelerate the development of cloud and AI solutions for semiconductors.

Capgemini (CAP)

Strengthening the partnership with Google Cloud to roll out sovereign, secure and large-scale AI solutions. A strategic catalyst for the cloud & data segment.

Euronext (ENX)

Announcing a rise in trading volumes in January, driven by strong activity on equities and derivatives markets.

Vallourec (VK)

The group says it is open to selling its stake in the German steel joint venture HKM. Positive strategic outlook regarding asset focus.

Eramet (ERA)

The CFO is temporarily stepping down as part of an investigation into management methods. The market may remain cautious in the short term.

Median Technologies (ALMDT)

Major announcement: FDA 510(k) clearance for eyonis LCS, an AI software for lung cancer screening. Potential re-rating for the AI & health theme.

Cibox (ALCBX)

Signing of a dilutive €2 million financing line via ORA. Potential pressure on the share price.

Today's Earnings Calendar

Bénéteau (BEN)
Delfingen (ALDEL)
Rougier (ALRGR)

Analyst Recommendations – French Stocks Only

On the Upside

Aperam (APAM) – Deutsche Bank maintains Buy and raises target from €42 to €62.
Schneider Electric (SU) – Deutsche Bank confirms Buy, target raised from €260 to €275.
Société Générale (GLE) – JP Morgan maintains Overweight, target raised from €77 to €84.

Neutral

Michelin (ML) – JP Morgan remains Neutral, target raised from €28 to €30.
Stellantis (STLAM) – Recommendations mostly maintained but price targets heavily lowered (Deutsche Bank, HSBC, UBS, RBC, Wells Fargo).