CAC 40 PREOPEN: 7,600 points (+0.67%)
Key Stocks of the Day
NRJ Group (NRG): The group reports a 77.5% decline in its half-year net profit, hit by the shutdown of its NRJ 12 and Chérie 25 channels. The radio division is also down sharply, but free cash flow is up 5%.
EssilorLuxottica (EL): Acquisition of Automation & Robotics (A&R), a Belgian specialist in automated quality control systems for the optical industry.
Latecoere (LAT): Completion of activity sale to the Cicor group, in line with its strategy of refocusing on aerostructures and interconnection.
Kering (KER): Ongoing talks with Qatar over the sale of a building in Milan (Il Corriere della Sera).
BNP Paribas (BNP): The group expresses satisfaction after successfully passing the European Banking Authority's stress tests.
Bonduelle (BON): Confirmation of the annual profitability target, despite an uncertain consumption context.
Clariane (CLAR): Successful issue of €100 million in bonds maturing in 2030 at a rate of 7.875%.
Company Results Expected Today
- NRJ Group (NRG): Half-year results published
- Cellectis (ALCLS): Results due today
Analyst Recommendations (French companies only)
Recommendation Changes
Upgrades
Air France-KLM (AF) → Maintained at Hold, price target increased from €9 to €11 (DBS Bank)
ArgenX (ARGX) → Target raised by Deutsche Bank (€550 → €655), JP Morgan (€700 → €730), Redburn (€771 → €795)
Danone (BN) → Maintained at Overweight, target upgraded from €78 to €85 (Morgan Stanley)
Euronext (ENX) → Maintained at Market weight, target upgraded from €115 to €130 (Barclays)
Société Générale (GLE) → Maintained at Outperform, target upgraded from €54 to €62 (KBW)
Neutral
Kering (KER) → Maintained at Neutral, target upgraded from €193 to €220 (Jefferies)
Sanofi (SAN) → Maintained at Outperform (Bernstein), target lowered from €124 to €119 / Maintained at Buy (LBBW), target reduced from €115 to €100
Soitec (SOI) → Maintained at Hold, target reduced from €51 to €44 (HSBC)
Teleperformance (TEP) → Maintained at Buy, target reduced from €119 to €117 (AlphaValue/Baader)
Downgrades
No French companies received a downgrade recommendation today.
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Have a great session, everyone!
Sylvain Mouilhaud: Stock coach.
