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.
