100% French Stocks – February 18, 2026
PREOPEN CAC 40: 8,377 points (+0.2%)
The CAC 40 is expected to open slightly higher, amid selective buying interest in industrial and technology stocks. A session rich in major earnings releases.
Key Stocks of the Day
Carrefour (CA)
Comparable annual revenue up +2.8% to €91.48bn.
Strategic partnership with Vusion to digitize all stores in France by 2030 (electronic tags, AI, smart rails). Acceleration of the Carrefour 2030 plan.
🏗 Vinci (DG)
Highly anticipated results. Focus on 2026 outlook and concessions/construction momentum.
Orange (ORA)
Results under scrutiny: cash flow generation and dividend in the spotlight.
Euronext (ENX)
Key figures in a context of continued high trading volumes on European markets.
ADP (ADP)
Focus on passenger traffic and 2026 outlook.
Eramet (ERA)
High sensitivity to commodities, especially nickel.
Verallia (VRLA)
Closure of several European plants and approximately 360 job cuts. Short-term pressure.
M6 Métropole (MMT)
Q4 EBITDA down -17.6%. Announced €80m cost-saving plan.
Emeis (EMEIS)
Surpasses its 2025 profitability target and anticipates an accelerated exit from its protection plan.
Mercialys (MERY)
2025 recurring net income up +3.9% to €117.5m.
🏗 Icade (ICAD)
Annual dividend cut to €1.92 per share.
🛰 Exail Technologies (EXA)
Q4 orders up +87% to €147m.
Streamwide (ALSTW)
2025 revenue up +25.2% to €26.3m.
We.Connect (ALWEC)
2025 revenue: €451.2m (+50.3%), driven by strategic acquisitions.
Earnings Calendar (France – Main)
- Vinci
- Orange
- Euronext
- ADP
- Carrefour
- Eramet
Analyst Recommendations (French stocks only)
Upward
Hermès (RMS) → RBC maintains Outperform, target raised from €2,300 to €2,400.
L’Oréal (OR) → AlphaValue/Baader Europe stays at Add, target adjusted to €440.
Siemens Energy (ENR) → Goldman Sachs maintains Buy, target raised from €148 to €185.
Neutral
Roche Holding → Berenberg keeps Hold, target lifted to 340 CHF.
Relx → Oddo BHF maintains Outperform, target adjusted to 3,075 GBX.
Downward
Icade (ICAD) → Downward pressure expected after dividend cut.
Have a great session everyone!
Sylvain Mouilhaud: Equity coach.
