100% French Stocks – Friday, September 6, 2025
CAC 40 PREOPEN: 7,731 points (+0.31%)
The Paris Stock Exchange is attempting a technical rebound this morning after Thursday's session ended lower, despite gains in 30 out of 40 stocks. The culprits: two major CAC components, Sanofi and LVMH, both heavily impacted. Sanofi dropped 8.3% after a "good news" deemed disappointing, while LVMH slipped 4.2% amid analysts’ skepticism. Market psychology remains highly sensitive.
Key Actions of the Day
Sanofi (SAN): Steep fall of -8.3% after clinical results considered "not good enough" by analysts, despite demonstrated efficacy against eczema.
LVMH (MC): Dropped -4.2% following a Jefferies note suggesting the expected Q3 2025 improvement is only a favorable base effect.
Safran (SAF): Considering selling its interiors division (except seats), valued at €1.5 billion, according to the FT.
Airbus (AIR): 61 deliveries in August, 434 since January, and 99 orders registered in the month. Net order book: 504 aircraft.
STMicroelectronics (STM): Upgraded to outperform by Exane BNP Paribas.
Hopium (ALHPI): Will refund preorders for its Machina model as part of its recovery plan.
Viel & Cie (VIL): Strong half-year results with revenue up +9.4% and net profit at €95.6m, +7.5%.
Linedata (LIN): Revenue down -3.5% in H1, net profit down -23.8% to €8m.
TotalEnergies (TTE): In talks to extend its offshore exploration license in Namibia.
Stef (STF): Aiming for €5bn in revenue by end-2026.
Emova Group (ALEMV): Modest Q3 revenue growth (+1.3%).
Company Results Expected Today
- No major publications expected today.
Analyst Recommendations (French companies only)
Upgrades
STMicroelectronics (STM) → Upgraded to Outperform, target raised from €22 to €26.
Kering (KER) → Target raised from €170 to €180, kept at market perform.
Biomérieux (BIM) → Target slightly raised from €124 to €125, kept at market weight.
Neutral
Sanofi (SAN) → Maintained at neutral by Goldman Sachs, target lowered from €100 to €94.
Hermès (RMS) → Maintained at overweight, target reduced from €2,600 to €2,550.
LVMH (MC) → Maintained at market weight, target adjusted from €510 to €515.
CVC Capital Partners (CVC) → Maintained at outperform, target lowered from €20 to €19.
Downgrades
Accor (AC) → Target lowered from €57.20 to €52.40 by Bernstein, though still rated outperform.
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Have a good session, everyone!
Sylvain Mouilhaud – Stock Coach.