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
- Laurent-Perrier
- Signaux Girod
- Bleecker
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
