100% French Stocks – January 16, 2026

PREOPEN CAC 40: 8300 pts (-0.26%)
The CAC 40 is expected to open slightly lower in a generally cautious atmosphere across European markets.

Key Stocks of the Day

Alstom (ALO): Gains visibility with a €1.4 billion contract for the Toronto subway. Good news after a challenging period.
Carrefour (CA): Reportedly teaming up with Lidl to buy Aldi's French subsidiary (source: La Lettre). A deal that could change the dynamics in the retail sector.
ADP (Aéroports de Paris) (ADP): Passenger traffic up +4.2% for 2025. A positive sign in an uncertain environment for air travel.
Ipsos (IPS): Didier Truchot steps down as chairman for health reasons. Laurence Stoclet succeeds him. A strategic shift to watch closely.
InVivo / Teract (TRACT): Teract delisted to simplify the InVivo group.
Drone Volt (ALDRV): Fails to reach EBITDA balance in H2 2025. Operational turnaround needs to be confirmed.
Biosynex (ALBIO): 2025 revenue down -6% to €95.1 million, but resilience thanks to product launches and distribution network.

Earnings Calendar

Biosynex
Damartex
Audacia
Mauna Kea
Pullup

Analyst Recommendations (focus on French stocks)

Recommendation Changes

Upgrades
Exosens (EXO) → Bernstein remains at outperform, target raised from €54 to €61
Safestore Holdings (SAFE) → Oddo BHF moves to outperform, target raised to 840 GBX
Warehouses De Pauw (WDP) → Oddo BHF moves to outperform, target €26
STMicroelectronics (STM) → TD Cowen remains at hold, target raised to €27.50
Société Générale (GLE) → Goldman Sachs maintains buy, target raised to €73.25

Neutral
Foncière Inea (INEA) → Oddo BHF downgrades to hold, target €37
Gecina (GFC) → Oddo BHF remains at outperform, target lowered to €98
Icade (ICAD) → Oddo BHF remains at underperform, target lowered to €22
OPMobility (OPM) → Deutsche Bank remains at hold, target raised to €14
Renault (RNO) → Citi maintains buy, but target lowered to €38

Downgrades
Foncière Inea (INEA) → Oddo BHF downgrades to hold
NSI → Oddo BHF moves to underperform, target lowered to €18
Solvay → Deutsche Bank maintains sell, target reduced to €23.50

Wishing everyone a good session!
Sylvain Mouilhaud: Stock coach.