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
