
100% French Stocks – Monday, October 20, 2025
100% French Stocks – Monday, October 20, 2025
CAC 40 PREOPEN: 8,220 points (+0.50%)
Key actions of the day
Kering (KER): Sells its beauty division to L'Oréal for €4 billion. L'Oréal acquires Creed, Bottega Veneta, Balenciaga and, eventually, Gucci.
BNP Paribas (BNP): Found complicit in violence in Sudan by a New York jury.
TotalEnergies (TTE): The courts may require the dismantling of the Le Havre floating LNG terminal.
Airbus (AIR): Indian airline IndiGo orders 30 additional A350-900 aircraft.
Sanofi (SAN): Its high-dose flu vaccine shows better efficiency against hospitalization in the elderly.
Florentaise: Will sell some activities, sell sites and cut 86 jobs.
Transition Evergreen: Placed under receivership, trading suspended.
We.Connect (ALWEC): Half-year revenue up 45.4% to €174.9 million. MCA Technology effect. Gross margin: 11%, down 1.3 points.
Company results expected today
Forvia (FRVIA): Q3 revenue down -3.7% to €6.12 billion, but annual and 2025 targets confirmed. Operating margin target: 5.2%-6.0%.
Atos (ATO)
SergeFerrari (SEFER)
Ramsay Générale de Santé (GDS)
Egide (GID)
Connect
Adomos (ALADO)
Analyst recommendations (French companies only)
**Recommendation changes**
Upgrades
Bonheur (BON) → DNB Carnegie raises from hold to buy, target: 250 NOK.
Safran (SAF) → Berenberg maintains buy, target raised from 235 to 350€.
EssilorLuxottica (EL) → Barclays maintains overweight, target raised from 305 to 345€.
Sartorius Stedim Biotech (DIM) → Goldman Sachs maintains buy, target raised from 224 to 246€.
Neutral
Airbus (AIR) → Berenberg keeps hold, target raised from 140 to 200€.
EssilorLuxottica (EL) → Landesbank BW keeps hold, target raised to 305€.
Euronext (ENX) → Citi stays neutral, target lowered from 157 to 139€.
TotalEnergies (TTE) → Piper Sandler stays neutral, target raised from 68 to 69 USD.
Worldline (WLN) → Deutsche Bank keeps hold, target lowered from 3.60 to 2.60€.
Downgrades
Aéroports de Paris (ADP) → Morgan Stanley moves from market weight to overweight, target raised from 131 to 139€.
Transition Evergreen → Under receivership, trading suspended.
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Have a good session, everyone!
Sylvain Mouilhaud: Stock coach.