100% French Stocks – Friday, November 14, 2025

CAC 40 PREOPEN: 8,200 points (-0.4%)

Slight decline expected in a cautious context ahead of several key releases.

Key Stocks of the Day

Ubisoft (UBI): Postpones the publication of its half-year results. The stock is suspended on the Paris Stock Exchange pending further information.

Vallourec (VK): Expects a decline in EBITDA in 2025. Q3 results will be published at 7:30am this morning.

Eiffage (FGR): Confirms its 2025 outlook despite a negative impact from a special tax in France.

Alstom (ALO): Net Group profit of €220M in H1, showing a visible turnaround after a difficult period.

Rubis (RUI): Sets up an inaugural syndicated credit of €1.1bn, strengthening its financial flexibility.

MaaT Pharma (MAAT): Launches a €9M capital increase to finance its clinical trials.

JCDecaux (DEC): Extends its partnership with the São Paulo metro, strengthening its presence in Latin America.

Mersen (MRN): Selected by CATL for its battery electrical protection systems.

Argan (ARG): Opens a new logistics site south of Rennes, a sign of continued organic growth.

Adomos (ALADO): The recovery plan validated by the court, potential restart of activities.

Company Results Expected Today

Vallourec (VK): Q3 2025 Results (07:30am)
Aures Technologies (AURS): Q3 2025 Business Update

Analyst Recommendations (French companies only)

Upgrades

Alstom (ALO) → Deutsche Bank maintains Buy, target raised from €26 → €27

ArcelorMittal (MT) → BNP Paribas remains at Outperform, target adjusted from €38 → €39

Eiffage (FGR) → Jefferies remains at Buy, target raised from €130 → €131

Engie (ENGI) → Morgan Stanley remains at Overweight, target raised from €21 → €24

Neutral

Engie (ENGI) → HSBC remains at Hold, target revised from €20.40 → €22.30

Downgrades

Arkema (AKE) → Bernstein remains at Underperform, target lowered from €50 → €49

Have a great session everyone!
Sylvain Mouilhaud: Stock Coach.