100% French Stocks – Monday, December 1, 2025

PREOPEN CAC 40: 8,085 points (-0.41%)

Key stocks of the day

Airbus (AIR): The group has temporarily grounded 6,000 A320s due to a software bug. Problem is being resolved, but the stock lost 5% after-hours.

Renault (RNO), Stellantis (STLA), Tesla: Light vehicle registrations in France rose by +0.3% in November. Renault climbed, Stellantis dipped, Tesla plummeted by -58%.

Axa (CS): Completes takeover of Italian insurer Prima.

Vivendi (VIV): The Court of Cassation rules in favor of Vincent Bolloré in the group’s demerger case. The case returns to appeal.

Vallourec (VK): Appoints Nathalie Delbreuve as Chief Financial Officer.

Bit Digital: Acquires Financière Marjos to transform it into a Crypto Treasury Company.

Dekuple (ALDEK): 9-month 2025 revenue up +12.7% to €175.1M, with a Q3 acceleration to +13.6%. Net income up +7.6% to €130.9M, driven by digital marketing.

Eduform'action (ALQEC): Raises €0.46M through a share capital increase by issuing ABSA.

Company results expected today

Laurent-Perrier (LPE)
Signaux Girod (GIROD)
Bleecker (BLEE)

Analyst recommendations (French stocks only)

Upgrades

Air France-KLM (AF) → JP Morgan upgrades from Neutral to Overweight, target price raised from €8 to €14
Air Liquide (AI) → TD Cowen maintains Buy, target raised from €205 to €210

Neutral

TotalEnergies (TTE) → HSBC downgrades from Buy to Hold, target €60
Vivendi (VIV) → JP Morgan maintains Overweight, target cut from €3 to €2.90

Downgrades

(no French stocks concerned today)

Have a good session everyone!
Sylvain Mouilhaud – Stock coach