PREOPEN CAC 40: 7,963 points (+0.05%)
The market remains stable this Friday, awaiting key quarterly reports.
Key Stocks of the Day
Arkema (AKE): The group lowers its annual EBITDA forecast again (between €1.25 and €1.3bn vs. €1.3-1.4bn previously) due to a challenging macroeconomic environment and lower demand in the United States.
Euronext (ENX): Q3 results beat expectations and announces a €250m share buyback program.
Bonduelle (BON): Revenue slightly decreased but annual targets are confirmed.
JCDecaux (DEC): Expects stable overall revenue in Q4.
Orange (ORA): €5bn bond issue in 5 tranches.
Renault (RNO): Successful placement of ¥95.2bn in samurai bonds.
Verallia (VRLA): €850m bond issue.
Cibox (ALCBX): Highly dilutive recapitalization of €6.3m.
Groupe Airwell (AWRL): New Turkish shareholder takes 7.65% stake to accelerate growth in Turkey.
NRJ Group (NRG): Impact of NRJ 12 and Chérie 25 withdrawal on revenue (-1.9% in Q3).
Corporate Results Expected Today
Arkema (AKE) – Q3 2025 – Publication at 07:00
Cellectis (ALCLS) – Q3 2025 – Publication after market close
Hexaom (ALHEX) – Q3 2025 – Update on activity after market close
Analyst Recommendations (French companies only)
Upgrades
ArcelorMittal (MT) → JP Morgan upgrades from neutral to overweight, target raised from €29.50 to €42.
ArcelorMittal (MT) → Deutsche Bank keeps buy rating, target raised to €38.
Engie (ENGI) → Oddo BHF confirms "outperform," target raised to €24.
Virbac (VIRP) → Oddo BHF maintains "outperform," target raised to €409.
Neutral
Air France-KLM (AF) → Barclays maintains "equal weight," target lowered from €12 to €10.
Legrand (LR) → BNP Paribas keeps "neutral," target lowered to €140.
Solutions 30 (S30) → BNP Paribas keeps "neutral," target lowered to €1.
Teleperformance (TEP) → BNP Paribas retains "outperform," target lowered to €105.
Teleperformance (TEP) → Morgan Stanley maintains "overweight," target lowered to €128.
Downgrades
No downgrades recorded this morning for French stocks.
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Have a great session everyone!
Sylvain Mouilhaud: Equity coach.
