100% French Stocks – January 5, 2026
100% French Stocks – January 5, 2026
PREOPEN CAC 40: 8,239 points (+0.64%)
Key stocks today
Air Liquide (AI): The group confirms its ambitions with a targeted margin increase by 2025, reassuring investors after recent reports.
Sanofi (SAN): The FDA grants priority review to its Tzield treatment for type 1 diabetes in young children—a positive signal for its innovation pipeline.
Airbus (AIR): According to Bloomberg, the manufacturer is expected to exceed its 2025 target for plane deliveries (>790). Strong industrial momentum continues.
Alstom (ALO): The group announces three major orders in the Americas and Europe totaling about €2.5 billion. This includes rolling stock and maintenance, confirming the group’s dynamic order book.
Saint-Gobain (SGO): Formation of a joint venture with Indocement in Indonesia (60/40) to acquire its mortar business, strengthening its presence in a strategic, high-potential region.
Exail Technologies (EXA): Wins a significant order for several hundred K-STER underwater drones (~€40 million). Increased visibility for 2026.
Logic Instrument (ALLOG): 2025 revenue estimated at €39 million (+42%), record order book (>€15 million). 2026 forecast over €75 million (+92%), showing strong acceleration.
Klépierre (LI): Completion of the acquisition of a strategic shopping center in southern Italy, strengthening its European positioning.
Nicox (COX): Early repayment to Kreos Capital, but a new partially dilutive financing set up via OCA.
Rapid Nutrition (ALRPD): Raises €5 million through dilutive financing based on prepaid warrants.
Results calendar
- Argan (ARG): Publication expected today.
Analyst Recommendations (France only)
Recommendation changes
Upgrades
Nothing to report this morning.
Neutral
Antin Infrastructure Partners (ANTIN) → Citi maintains its Neutral recommendation, target adjusted from €12.20 to €12.10.
Arkema (AKE) → Morgan Stanley stays Overweight but lowers target from €90 to €78.
Legrand (LR) → Morgan Stanley confirms Overweight, but revises target from €140 to €138.
Tikehau Capital (TKO) → Citi maintains Buy, target reduced from €20.70 to €19.20.
Downgrades
Altri (ALTR) → AS Independent Research downgrades to Neutral, target lowered from €5.65 to €4.70.
Have a great session everyone!
Sylvain Mouilhaud: Stocks coach.