PREOPEN CAC 40: 8083 points (-0.2%)
Key Stocks of the Day
L'Oréal (OR): The group is seriously considering taking a stake in Giorgio Armani, according to the founder's will.
Carrefour (CA): Finalizes the sale of its activities in Italy.
Saint-Gobain (SGO): Accelerates its refocus with divestments in Europe and Brazil.
EssilorLuxottica (EL): Launches its first scientific advisory board.
Sopra Steria (SOP): Finalizes the acquisition of Neocase.
Vallourec (VK): Warrant holders authorize changes in the conversion terms.
Tikehau Capital (TKO): Plans a unified and strengthened real estate platform.
Mersen (MRN): Wins a $10M contract in the United States.
Cogelec (COGEC): David Descamps appointed as CEO.
Xilam Animation (XILAM): Launches the Toon Box streaming platform.
Aelis Farma (AELIS): Receives the green light for a phase IIB clinical trial in Down syndrome.
E-Pango: Still stuck in a legal and electrical quagmire.
Global Bioenergies (ALGBE): Liquidation proceedings initiated.
Carmat (ALCAR): Taken over via a sale plan – the initial company is liquidated.
Compagnie des Alpes (CDA): Record 2024/25 results – revenue +12.8%, net profit +15.8%, dividend raised to €1.10. Skiable backlog soaring (+€10.7bn).
Corporate Earnings Expected Today
- Quadient (QDT)
- Safe Orthopaedics (SAFOR)
Analyst Recommendations (French companies only)
**Changes in Recommendation**
Upgrades
Accor (AC) → JP Morgan stays at Overweight, target raised from €56 → €60
Eiffage (FGR) → Morgan Stanley stays at Overweight, target raised from €164 → €168
Société Générale (GLE) → JP Morgan stays at Overweight, target raised from €66 → €68
Kering (KER) → BNP Paribas stays at Neutral, target raised from €305 → €335
TotalEnergies (TTE) → Zacks stays at Neutral, target raised from $64 → $69
Neutral
BNP Paribas (BNP) → JP Morgan stays Neutral, target raised from €87 → €89
Pluxee (PLX) → JP Morgan stays Neutral, target lowered from €23 → €18
Sodexo (SW) → JP Morgan stays Neutral, target lowered from €58 → €53
Soitec (SOI) → BNP Paribas stays Neutral, target lowered from €36 → €27
OVH Groupe (OVH) → JP Morgan stays Overweight, target lowered from €10.50 → €10
Nexans (NEX) → AlphaValue stays at Accumulate, target lowered from €148 → €143
Downgrades
FDJ United (FDJ) → JP Morgan moves from Overweight to Underweight, target cut from €42 → €22.50
Michelin (ML) → Morgan Stanley moves from Overweight to Market Weight, target lowered from €31 → €30
Vinci (DG) → Morgan Stanley moves from Overweight to Market Weight, target lowered from €139 → €138
Have a great trading session everyone!
Sylvain Mouilhaud: Stock coach.
