100% French Stocks – June 26, 2025
PREOPEN CAC 40: 7,577 points (+0.22%)
Key Actions of the Day
Renault (RNO): Denis le Vot, head of Dacia, is tipped to succeed Luca de Meo.
Danone (BN): Acquisition of The Akkermansia Company, a microbiome specialist.
Valneva (VLA): Vaccine distribution agreement in Germany with CSL Seqirus.
Edenred (EDEN): Firm support for the complete digitalization of meal vouchers by 2027.
Trigano (TRI): Fiscal Q3 revenue stable, no major surprises.
La Française de l’Énergie (FDE): Strategic partnership with Cemex for carbon capture.
Bluelinea (ALBLU): €3M capital increase at €0.50, guaranteed by Apicil.
McPhy (MCPHY): Decision on takeover bids due July 8, likely liquidation.
DBV Technologies (DBV): Launch of COMFORT Toddlers study recruitment in the US and Europe.
GenSight Biologics (SIGHT): Successful transfer of LUMEVOQ manufacturing to Catalent.
EuropaCorp (ALECP): Annual revenue down -11% to €32M, declining margins.
Rockease (Colas): Ambition to become the digital leader in aggregate sales by 2030.
Trigano (TRI): Q3 revenue at €1.14B, slight decrease of -0.2%. Drop of -6.5% in motorhomes and -33% in caravans. Strong order book ensures good visibility for 2026.
Corporate Results Expected Today
No major results expected in the SBF 120 today. A quiet day for releases.
Analyst Recommendations (French companies only)
Upgrades
Rexel (RXL) → Barclays reiterates Overweight, target raised from €27 to €31.
Rexel (RXL) → Oddo BHF remains Neutral, target raised from €23.50 to €25.
Neutral
Danone (BN) → HSBC maintains Hold, target cut from €71 to €70.
Kering (KER) → Deutsche Bank maintains Hold, target cut from €177 to €170.
Edenred (EDEN) → Jefferies remains Hold, target lowered from €33 to €27.
Icade (ICAD) → Citi confirms Buy, but target lowered from €40 to €33.40.
Forvia (FRVIA) → Morgan Stanley maintains Equal-weight, target lowered to €9.10.
Downgrades
Carrefour (CA) → JP Morgan maintains Underweight, target cut from €10 to €9.
Worldline (WLN) → AlphaValue moves from Buy to Accumulate, target cut from €7.19 to €5.14.
Opmobility (OPM) → Morgan Stanley downgrades to Underweight, target cut to €10.20.
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Have a great session, everyone!
Sylvain Mouilhaud: Stock Coach.
