PREOPEN CAC 40: 8,028 points (-0.32%)
Key stocks of the day
STMicroelectronics (STM): Criticized by Libération regarding a controversial public subsidy with no impact on employment.
Carrefour (CA): Strategic alliance with JCDecaux, Carmila, and Unlimitail to boost retail media in France and Spain.
Airbus (AIR): First order for its H160 helicopter in Australia.
Nexans (NEX): Denies rumors of the termination of the Great Sea Interconnector project.
Eurazeo (RF): Takes control of the British company Water Direct.
Ipsos (IPS): The CFO resigns.
Viridien (ALVIR): Launches a new offshore seismic reprocessing project in Angola.
Aramis (ARAMIS): Launches a share buyback program.
Argan (ARG): New 30,000 m² logistics warehouse project in Île-de-France.
Qwamplify (ALQWA): Sells its Qwamplify Pro business line.
Klarsen (MLKLA): Distribution of warrants to shareholders.
Theraclion (ALTHE): FDA decision expected in mid-2026 for its Sonovein device.
Expected company results today
- Moulinvest (ALMUL): Strong annual results with a +4.2% increase in revenue and a gross margin improvement to 53%. Positive net result of €3.5M against a loss last year.
- Figeac Aero (FGA), Pullup Entertainment (ALPLP), Prismaflex (ALPRI): Results expected during the day.
Analyst recommendations (French companies only)
Recommendation changes
Upgrades
Aumovio () → Coverage initiated by Barclays at Overweight, target €60.
Safran (SAF) → JP Morgan maintains Overweight, target raised from €350 to €375.
Airbus (AIR) → JP Morgan maintains Overweight, target raised from €240 to €255.
Aéroports de Paris (ADP) → Morgan Stanley maintains Overweight, target raised from €139 to €140.
Exosens (EXO) → JP Morgan maintains Overweight, target raised from €54 to €60.
EssilorLuxottica (EL) → BNP Paribas maintains Outperform, target raised from €320 to €365.
Sartorius Stedim Biotech (DIM) → BNP Paribas maintains Outperform, target raised from €235 to €275.
Vivendi (VIV) → JP Morgan maintains Overweight, target raised from €2.90 to €3.
Neutral
Michelin (ML) → AlphaValue moves from Buy to Accumulate, target lowered from €37.10 to €32.90.
TF1 (TFI) → JP Morgan maintains Overweight, but lowers target from €13.70 to €12.40.
Publicis Groupe (PUB) → JP Morgan maintains Overweight, target adjusted from €131 to €130.
Downgrades
M6 (MMT) → JP Morgan moves from Neutral to Underweight, target lowered from €15.10 to €13.
Gerresheimer → BNP Paribas moves from Neutral to Underperform, target reduced from €30 to €22.
Vivendi (VIV) → Morgan Stanley maintains Market Weight, target reduced from €3.20 to €2.70.
Have a good session everyone!
Sylvain Mouilhaud: stock coach.
