PREOPEN CAC 40: 7,728 points (-0.71%)
Key actions of the day
AXA (CS): Strong half-year results with a 6% rise in operating income, but net profit down by 2%. Acquisition of Prima in Italy.
ENGIE (ENGI): Profit down by 9.4% in H1, but forecasts are maintained.
VIVENDI (VIV): Revenue on the rise, but net profit plummets. Restructuring ongoing.
EURONEXT (ENX): Q2 above expectations with record revenue at €465.8M.
TELEPERFORMANCE (TEP): Growth forecast trimmed, despite 1.5% growth in H1.
ATOS (ATO): Losses halved in H1. 2025 targets confirmed.
PARROT (PARRO): 10% revenue growth in H1 driven by microdrones, but significant losses remain.
SHOWROOMPRIVÉ (SRP): Revenue down and financial uncertainty around asset valuation.
LEGRAND (LR): Acquisition of Cogelec confirmed.
GTT (GTT): Completion of Danelec acquisition.
RENAULT (RNO): Buyback of Nissan’s stake in the Chennai plant, India.
MEDIAN TECHNOLOGIES (ALMDT): Successful capital increase for €23.9M.
Company results expected today
AXA (CS) – 7:00am
ENGIE (ENGI) – Time not specified
BELIEVE (BLV) – 5:45pm
ATOS SE (ATO) – Time not specified
PARROT (PARRO) – 8:00am
BONDUELLE (BON) – Q4 2025 – Activity update
Analyst recommendations (French companies only)
Recommendation changes
Upgrades
SOCIÉTÉ GÉNÉRALE (GLE) → Targets raised: up to €69.40, according to AlphaValue.
CAPGEMINI (CAP) → Goldman Sachs raises target from €180 to €187.
SAFRAN (SAF) → Targets raised to €312 (Deutsche Bank) and €325 (Redburn).
SCHNEIDER ELECTRIC (SU) → Target raised to €231 (Barclays).
Neutral
LEGRAND (LR) → BNP Paribas Exane remains neutral, target adjusted to €140.
ARKEMA (AKE) → Citigroup still buys but lowers target to €83.
Downgrades
TELEPERFORMANCE (TEP) → Target lowered to €120 (BNP Exane), negative impact expected at opening.
SANOFI (SAN) → Target reduced to €92 (Leerink Partners).
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Have a great session, everyone!
Sylvain Mouilhaud: Stock coach.
