100% French Stocks – January 6, 2026

PREOPEN CAC 40: 8,221 points (+0.12%)

Key Actions of the Day

Carrefour (CA): The group signs a franchise agreement in Ethiopia. However, it could lose Provencia, its main French franchisee, according to La Lettre.

Vinci (DG): Launching a share buyback program worth up to €600 million.

Nexans (NEX): Rescheduling of the Great Sea Connector project timeline, but the group maintains its 2028 forecasts.

Trigano (TRI): Q1 fiscal revenue rose by +8.3% to €833.4 million.

Verallia (VRLA): Investor day postponed following the appointment of a new CFO.

Séché Environnement (SCHP): Double acquisition in waste management in Italy and Chile.

Dolfines (ALDOL): Partnership with AsiaEdge to target the professional training market in Asia.

Groupe Tera (ALGTR): Launch of a public share buyback offer at €6.50 for 2 million shares.

Results Calendar

LDC
Argan

Analyst Recommendations

Upgrades

Euronext (ENX) → UBS maintains buy, price target raised from €155 to €165

Orange (ORA) → UBS maintains buy, price target raised from €15.20 to €16.20

Vinci (DG) → UBS maintains buy, price target raised from €132 to €134

Crédit Agricole (ACA) → AlphaValue maintains accumulate, price target increased from €22.80 to €23.50

Nexans (NEX) → JP Morgan maintains neutral, but price target raised from €131 to €145

Neutral

Alstom (ALO) → BNP Paribas maintains neutral, price target raised from €24 to €26

Aéroports de Paris (ADP) → UBS maintains neutral, price target increased from €115 to €122

Getlink (GET) → UBS maintains neutral, price target lowered to €16.80

Legrand (LR) → Deutsche Bank maintains hold, price target lowered from €150 to €145

Downgrades

Sanofi (SAN) → Santander keeps at outperform, but lowers the target from €113 to €106

Teleperformance (TEP) → Morgan Stanley keeps overweight, but lowers the target from €128 to €115

Eiffage (FGR) → UBS keeps buy, but lowers the target from €154 to €145

Have a great session, everyone!

Sylvain Mouilhaud – Stock Coach