PREOPEN CAC 40: 7,780 points (+0.30%)
Key Stocks of the Day
VIEL & Cie (VIL): Half-year revenue up 9.4% at variable exchange rates, reaching €653.5M. Q2 up 8.4%. Solid growth in a volatile market.
Valneva (VLA): Strong half-year revenue at €97.6M (+37.8%) but net loss of €20.8M due to the absence of exceptional items this year. Conference call at 3pm.
Inventiva (IVA): Participating in the Canaccord Genuity conference. Presentation of lanifibranor progress (Phase III MASH) and R&D outlook.
Rapid Nutrition (ALRPD): Launching its new online shop on Shopify, aiming for better performance and enhanced customer experience.
Acheter-Louer.fr (ALALO): Launching a crypto staking program via SOL Treasury Corp. Potential for €160k in annual revenue.
HEXAOM (ALHEX): Production down 17.6% in Q2. The half-year shows a 32.5% decrease at constant scope. Activity still under pressure.
SMCP (SMCP): The 15.5% stake held by ETS is returned following a court decision in Singapore. Shareholding clarity restored.
Company Results Expected Today
- Valneva (VLA) – H1 results already published
- Few other reports expected today.
Analyst Recommendations (French companies only)
Upgrades
Airbus (AIR) → Coverage resumed at buy by William O'Neil & Co
LVMH (MC) → Upgraded from hold to buy by Landesbank BW, target €550
Forvia (FRVIA) → Maintained at buy by Jefferies, target raised to €13.35
Saint-Gobain (SGO) → From underperform to hold, target revised to €108.90
Valeo (FR) → Maintained at hold, target revised to €8.80
Neutral
Valneva (VLA) → Neutral recommendation maintained by Goldman Sachs, target revised to €3.75
Euronext (ENX) → JP Morgan remains neutral, target revised to €149
Danone (BN) → HSBC maintains hold, target slightly raised to €71
Worldline (WLN) → Neutral recommendation maintained, target reduced to €3.50
Downgrades
No French companies downgraded today
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Have a great session, everyone!
Sylvain Mouilhaud: Stock Coach.
