100% French Stocks – Friday, November 28, 2025

PREOPEN CAC 40: 8,112 points (+0.16%)

Key stocks of the day

Sanofi (SAN): Launch of a new production unit in Le Trait (Seine-Maritime) to increase monoclonal antibody capacity by 40%.
Kering (KER): Gucci to name Gianluca de Ficchy (ex-Renault) as new CFO.
Capgemini (CAP): Success of the 12th employee shareholding plan, €299M capital increase.
Laurent-Perrier (LPE): Mixed half-year results, champagne market slightly down but group sales up.
SMCP (SMCP): Major capital movements, over half the capital in play, possible takeover bid.
Société de la Tour Eiffel (EIFF): Lease signed in Lyon with Sopra Steria.
Genfit (GNFT): Strengthening of medical management with the arrival of Dr. Pejvack Motlagh.
Klarsen (ALKLAR): €0.32M raised through ABSA issue.

Company results expected today

Analyst Recommendations (France only)

**Rating Changes**

Upgrades
Bouygues (EN) → JP Morgan remains overweight, price target raised from €56 to €57.

EssilorLuxottica (EL) → JP Morgan maintains overweight, target raised from €300 to €345.

Moncler (MONC) → JP Morgan moves from neutral to overweight, target raised to €70.

Orange (ORA) → JP Morgan remains overweight, target increased from €17.50 to €19.

Trigano (TRI) → BNP Paribas remains outperform, target raised from €180 to €190.

Neutral
Kering (KER) → JP Morgan maintains underweight, target raised to €235.

LVMH (MC) → JP Morgan remains neutral, target increased from €545 to €610.

Veolia (VIE) → JP Morgan remains neutral, target adjusted to €33.

Sodexo (SW) → Jefferies maintains hold, target lowered to €44.

Downgrades

Rémy Cointreau (RCO) → Barclays remains underweight, target lowered from €35 to €34.

Eutelsat (ETL) → JP Morgan moves from underweight to neutral, target cut to €1.90.

Have a great session everyone!
Sylvain Mouilhaud – Equities coach