100% French Stocks – January 13, 2026
PREOPEN CAC 40: 8,369 points (+0.22%)
Key Stocks of the Day
Airbus (AIR): The manufacturer delivered 793 aircraft in 2025, reaching the lowered target announced in December. Net orders exceed 2,000 aircraft, a record since 2014.
Crédit Agricole (ACA): The ECB has officially authorized the bank to exceed 20% of Banco BPM's capital, strengthening its footprint in Italy.
Arcelormittal (MT): Facing legal tension: Acciaierie d’Italia demands €7 billion from ArcelorMittal for breach of contract. Risk of prolonged litigation.
Société Générale (GLE): The bank is abandoning its own AI tool to instead rely on Microsoft's Copilot, according to Bloomberg.
Michelin (ML): CEO Florent Menegaux is renewed for 4 years. The group announces the acquisition of Cooley Group & Tex-Tech Industries in the USA.
Air France-KLM (AF): The French government is reportedly considering writing off up to €728 million in Covid debts, according to La Lettre.
Alstom (ALO): The railway group strengthens its industrial presence in Spain, with an increased investment plan.
Bouygues (EN): Internal restructuring: creation of a single Construction Division to integrate its various construction businesses.
Exail Technologies (EXA): The company will issue up to €175 million in ODIRNANE bonds to finance its development.
Valbiotis (ALVAL): The laboratory publishes in Scientific Reports promising results on TOTUM.448, demonstrating its bioavailability in humans and effects on hepatic cells: reduction of lipids, inflammation, and reticulum stress.
Results Calendar
- Vente-Unique.com (ALVU)
The e-merchant records a 19th consecutive profitable year.
Net profit +10% at €8.1 million, with an adjusted EBITDA margin of 10.4% despite relaunch costs for Habitat.
Double-digit growth already confirmed in Q1 2025-2026.
Implanet (ALIMP)
Spineway (ALSPW)
Analyst Recommendations
Recommendation Changes
Upgrades
Accor (AC) → Bernstein maintains at Outperform, target price raised from €52.40 to €56.60.
Arcelormittal (MT) → Deutsche Bank stays at Buy, target price raised to €47.
Michelin (ML) → Deutsche Bank stays at Buy, target price increased from €31 to €35.
Neutral
Air France-KLM (AF) → DBS Bank stays at Hold, target price raised from €10 to €11.
Amundi (AMUN) → RBC remains at Market Perform, target price raised to €71.
Bouygues (EN) → Citi stays at Neutral, target price raised from €39.20 to €47.80.
Renault (RNO) → HSBC stays at Buy, target price slightly lowered from €47 to €46.
Sodexo (SW) → Bernstein stays at Market Perform, target price lowered from €65.50 to €52.60.
Downgrades
Air Liquide (AI) → UBS stays at Buy, but target price lowered from €205 to €200.
FDJ (FDJ) → Bernstein stays at Market Perform, but target price sharply reduced from €37.50 to €25.60.
Have a great session everyone!
Sylvain Mouilhaud – Stock Coach.