100% French Stocks – Monday, November 18, 2025

CAC 40 PREOPEN: 8,154 points (-0.06%)

Key actions of the day

Airbus (AIR): Signed a contract with Air China Cargo for 6 A350F. The aircraft maker may also win an order for 100 planes from Flydubai, ahead of Boeing.

Crédit Agricole (ACA): Cooperative shareholders unite to demand the buyback of their shares (source: La Lettre).

Dassault Aviation (AM)* & *Airbus (AIR): Franco-German fighter jet project potentially abandoned in favor of a military cloud, according to the Financial Times.

Amundi (AMUN) & Société Générale (GLE): Renewal of their strategic partnership.

Technip Energies (TE): Supply of marine loading arms for phase 2 of the Northern Lights (CO₂) project in Norway.

Pluxee (PLX): Lowers its 2026 targets following a regulatory reform in Brazil.

Biosynex (ALBIO): A subsidiary receives a $0.5M grant.

Crossject (ALCJ): Raises €5M via convertible bonds subscribed by Vatel Capital; attractive valuation with a 9.8% premium over the average price.

Expected company results today

No major publications expected on the French market today.

Analyst recommendations

Recommendation changes

Upgrades

Alstom (ALO) → Target raised from €22.50 to €24 (BNP Paribas, Neutral maintained).

Eiffage (FGR) → Target price raised from €164 to €167 (AlphaValue/Baader Europe, Accumulate).

GTT (GTT) → Target price raised from €205 to €210 (Jefferies, Buy).

Vallourec (VK) → Target raised to €22.50 from €22.30 (AlphaValue/Baader Europe, Buy).

Neutral

Euronext (ENX) → Price target adjusted from €149 to €151 (JP Morgan, Neutral).

Downgrades

BNP Paribas (BNP) → Target reduced from €98.90 to €85 (Goldman Sachs, Buy maintained).

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Have a great session everyone!
Sylvain Mouilhaud – Stock coach.