100% French Stocks – 11/04/2025

CAC 40 PREOPEN: 8,023 points (-1.00%)

Key Stocks of the Day

Stellantis (STLA): Termination of its battery materials purchase agreement with Novonix. Potential impact on decarbonization strategy.

Edenred (EDEN): Presentation of a new 2025-2028 strategic plan with ambitious organic growth targets.

Biomérieux (BIM): Reduced its growth target, caution from investors expected.

Ayvens (ALD): Share placement completed, dilution risk to watch.

Beneteau (BEN): Aims to return to profitability in the second half. Orders bounced back in Q3 (+33%).

Coface (COFA): Reports a 9-month profit decline, impacted by a heightened risk environment.

Vicat (VCT): Confirms its 2025 revenue and EBITDA outlook.

Argan (ARG): Delivered a new 9,000 m² warehouse near Lens.

Vente-Unique (ALVU): Expanding into the Scandinavian market, a new milestone in its growth strategy.

Hydrogen Refueling Solutions (ALHRS): Opened a subsidiary in Dubai as part of international expansion.

Abivax (ABVX): Positive Phase III data for Obefazimod in ulcerative colitis.

NamR (ALNMR): Postponed publication of its half-year accounts.

Eurasia Group: Delayed publication of its results.

Vergnet (ALVER): Share consolidation at a ratio of 7,600 to 1 to remain listed, amid restructuring.

Omer-Decugis & Cie: EBITDA margin expected around 4.2%.

Keyrus (KEY): Sold its Digital Agency Datasolution business.

Forsee Power (FORSE): Appointed Philippe Platon as CFO.

Median Technologies (ALMDT): Strengthened its Board of Directors.

Cerinnov (ALCEN): Actively seeking a buyer.

Expected corporate results today

Analyst recommendations (French companies only)
Changes in recommendations

Upgraded

Airbus (AIR) → Morgan Stanley keeps "Overweight", price target raised from €231 to €250.

Nexans (NEX) → AlphaValue/Baader Europe maintains "Accumulate", price target raised from €145 to €149.

Neutral

Hermès (RMS) → Barclays lowers from "Overweight" to "Market weight", target reduced from €2,510 to €2,310.

Kering (KER) → Barclays maintains "Underweight", but raises target from €200 to €245.

Crédit Agricole (ACA) → JP Morgan maintains "Underweight", target reduced from €17 to €16.50.

Scor (SCR) → Jefferies retains, target reduced from €30 to €27.50. Morgan Stanley keeps "Overweight", target lowered from €34 to €33.

TotalEnergies (TTE) → Freedom Broker maintains "Buy", target lowered from $75 to $73.

Have a great session, everyone!
Sylvain Mouilhaud: Stocks coach.