100% French Stocks – Friday, October 31, 2025

CAC 40 PREOPEN: 8134 points (-0.19%)

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Key stocks of the day

SCOR SE (SCR): Q3 net result at €217M, above expectations (cons. €203M). Solid performance in property reinsurance.

SPIE SA (SPIE): Activity up 5.4% over 9 months, 2025 targets confirmed thanks to the energy transition.

Saint-Gobain (SGO): Confirms its 2025 margin targets but lost 6% on the US OTC last night.

ELIS (ELIS): 2025 forecasts confirmed.

IMERYs (NK): Launches a cost reduction plan to restore profitability.

VALLOUREC (VK): Strategic contract with Shell in Brazil.

GENFIT (GNFT): Voluntary delisting from Nasdaq, operational simplification strategy.

VIRIDIEN (ex-CGG): Improved EBITDA margin in Q3.

VUSIONGROUP (VU): Signed a contract with German retailer DM.

BIOSPHYTIS (ALBPS): Positive outlook on BIO101 and key upcoming clinical trials.

TF1 (TFI): Stable 9M revenue (+0.5%), margin at 11.9%.

CASINO (CO): New fundraising in preparation.

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Company results expected today

Before market open

• SCOR SE (SCR) – Q3 2025 at 07:30

After market close

• SPIE SA (SPIE) – Q3 2025 activity

• GTT (Gaztransport) (GTT) – Q3 2025 activity

• AURES TECHNOLOGIES (AURS) – Q2 2025 results

• VINPAI (ALVIN) – Q3 2025 activity

• COIL (ALCOI) – Q2 2025 results at 17:45

During the day

• PLANT ADVANCED TECHNOLOGIES (ALPAT) – Q2 2025 results

• WINAMP GROUP SA – Q2 2025 results

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Analyst recommendations (France only)

**Recommendation changes**

Upgraded

Crédit Agricole (ACA) → Price target raised from €20 to €20.10 by AlphaValue/Baader Europe

Exosens (EXO) → JP Morgan raises target from €45 to €54, overweight recommendation

Pluxee (PLX) → AlphaValue/Baader Europe stays at buy, target increased from €29.40 to €30.80

Neutral

Pluxee (PLX) → JP Morgan maintains neutral recommendation, target slightly up from €22.50 to €23

Société Générale (GLE) → JP Morgan remains at overweight, but adjusts from €67 to €66

Downgraded

Kering (KER) → Bernstein lowers recommendation to underperform, target €240

Rémy Cointreau (RCO) → Deutsche Bank stays at sell, target cut from €41 to €31

Lectra (LSS) → BNP Paribas remains at outperform, but target cut from €30 to €29

Saint-Gobain (SGO) → JP Morgan and RBC slightly lower their targets (€115 → €110, €109 → €105)

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Have a great session everyone!
Sylvain Mouilhaud: Stocks coach.