100% French Stocks – Tuesday, December 16, 2025
CAC 40 PREOPEN: 8,101 points (-0.41%)
Key stocks of the day
Sanofi (SAN): Strategic deal up to $1.04bn with South Korea's ADEL for an experimental Alzheimer’s treatment.
TotalEnergies (TTE): Sells 10% of a gas project in Malaysia.
Veolia (VIE): Launches a 5th mobile PFAS treatment unit in Alsace.
Ipsen (IPN): Completes acquisition of ImCheck for €350m, plus up to €1bn more.
Spie (SPIE): Purchases Australian company Worley Power Services.
Eurazeo (RF): Sells Fermax to Ardian via MCH.
Ubisoft (UBI): Buys the rights to the game March of Giants from Amazon.
Abivax (ABVX): Funded until the end of 2027.
Casino (CO): Repays €30m in secured debt via Quatrim.
AdVini (ALADV): Merges with Cordier by InVivo, which takes a stake.
Hydrogène de France (HDF): Partners with ABB for maritime hydrogen fuel cells.
Virbac (VIRP): Acquires an innovative veterinary treatment for feline hyperthyroidism.
SpineGuard (ALSGD): Raises €1.2m through a capital increase.
Nicox (COX): Completes data for marketing approval applications in the USA and China.
Company results expected today
- Haffner Energy
- Virbac
Analyst recommendations (French companies only)
**Recommendation changes**
Upgrades
Aperam (APAM) → Morgan Stanley upgrades to Overweight, target raised from €31.50 to €40.
Neutral
Sanofi (SAN) → HSBC remains at Buy, target adjusted from €100 to €98.
STMicroelectronics (STM) → Mizuho Securities remains Neutral, target raised from $22 to $26.
Pluxee (PLX) → Barclays maintains Market weight, target lowered from €20 to €16.50.
Downgrades
Dassault Systèmes (DSY) → Goldman Sachs keeps Buy, but lowers the target from €32 to €29.
Have a great session everyone!
Sylvain Mouilhaud: Equity Coach
