📊 100% French Stocks – Friday, June 20, 2025

CAC 40: 7,628 pts (estimated +0.61%)

Macroeconomic Context:

Tensions in the Middle East remain in the spotlight, with diplomatic signals coming from Washington.
Awaiting producer prices in Germany and the Philly Fed index in the United States.
China-EU agreement for "stable" economic development: a reassuring signal for the markets.

Key Stocks of the Day

Société Générale (GLE): Telework limited to one day per week – a strategic signal for refocusing?
Sanofi (SAN): The FDA approves Dupixent for a rare dermatological treatment.
Engie (ENGI): Partnership with Airbus to decarbonize 22 industrial sites in Europe.
Veolia (VIE) & Waga Energy: Inauguration of a renewable gas plant in Burgundy.
Eutelsat (ETL): Launch of a €1.35bn capital increase, the government becomes majority shareholder.
Forsee Power (FORSE): Completion of an €18.7m capital increase, strengthened ambitions.
Showroomprivé (SRP): Surprise resignation of CFO François de Castelnau.
TotalEnergies (TTE): Optimism over LNG in Mozambique, project restart imminent.
ArcelorMittal (MT): Suspension of decarbonization projects in Germany.
Poxel (POXEL): Announcement of new data on Imeglimine.

Expected Company Results Today
No major publications scheduled today for French listed companies.

Analyst Recommendations (France only)

**Recommendation changes**

Upgrades
Vinci (DG) → Morgan Stanley maintains overweight, target raised from €135 to €138.

Neutral
LVMH (MC) → Morgan Stanley stays neutral, target lowered from €560 to €510.
Worldline (WLN) → Jefferies stays at hold, target reduced to €4.60.
Sodexo (SW) → Jefferies stays at hold, target lowered to €49.

Downgrades
Moncler (MONC) → Jefferies keeps but lowers the target from €57 to €49 (beware the luxury sector).

Your opinion? Which stocks will you be watching today?
Share in the comments and let’s discuss!

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Have a great session, everyone!
Sylvain Mouilhaud: Stocks coach.