CAC 40 PREOPEN: 8094 points (+0.19%)
Key actions of the day
Orange (ORA): Buys the remaining 50% of MasOrange (Spain) for €4.25bn, major strategic consolidation.
Sanofi (SAN): Announces a delay in the submission of the tolebrutinib file in the US, potential impact on pipeline visibility.
GTT (GTT): François Michel will become CEO on January 5, 2026, ending interim management by Chairman Philippe Berterottière.
Technip Energies (TE): Wins a key contract in Thailand for a CO₂ capture and storage project.
Spie (SPIE): Completes its share buyback program scheduled for 2026.
Forvia (FRVIA): Early repayment of €200m in bonds, active debt management.
Hydrogen Refueling Solutions (ALHRS): Raises €8.5m through a capital increase at €1.90, dilution expected.
Company results expected today
No major publications expected today on French equities.
Recommendation changes
Upgraded
BNP Paribas (BNP) → Upgrade: from "Underperform" to "Market perform", target raised from €79 to €85.
Schneider Electric (SU) → Buy confirmed, target raised from €280 to €300.
Neutral
Nexans (NEX) → "Hold" maintained, target adjusted from €139 to €140.
Rémy Cointreau (RCO) → "Hold" maintained, target reduced from €50 to €48.
Downgraded
No major downgrades on French stocks today.
Have a great session everyone!
Sylvain Mouilhaud: Stock coach.
