100% French Stocks – Monday, September 15, 2025

PREOPEN CAC 40: 7,837 points (+0.23%)

Key Stocks of the Day

Airbus (AIR): Heading towards a strategic partnership in satellites with Thales and Leonardo; first agreement expected by the end of the year.
Air Liquide (AI): Considering the sale of its biomethane assets.

TotalEnergies (TTE): Iraq signs a joint operating agreement with TotalEnergies and QatarEnergy LNG.

LVMH (MC): Bernard Arnault is reportedly interested in Armani after news of a potential future sale of the Italian group.

Bouygues (EN): S&P raises the A- rating outlook from "negative" to "stable."

Veolia (VIE): Involved in a major industrial water project in the Middle East (Saudi Arabia).

Virbac (VIRP): Lower half-year results, but annual targets confirmed.

Bic (BB): Three changes to the board, including the appointment of a new CEO.

Amundi (AMUN): Launch of a capital increase reserved for employees (We Share Amundi).

Immobilière Dassault (IMDA): Launching a €25M capital increase after acquiring a building on rue de Rivoli in Paris.

Cogra (ALCOG): 2024/25 results show a loss but prudent management and halved debt.

Biophytis (ALBPS): Progress in the Phase 2 BIO101 trial, support from EMBRAPII, and partnerships with Brazilian research centers.

Eutelsat (ETL): Extends contract with Multimedios Televisión for content broadcasting in Latin America.

Maurel & Prom (MAU): Wisnu Santoso named Chairman of the Board of Directors.

Corporate Results Expected Today

VusionGroup (ALVUS): Q2 2025 results release.
Aéroports de Paris (ADP): August 2025 traffic figures.

Analyst Recommendations (French companies only)

**Recommendation Changes**

Upward

Airbus (AIR) → RBC Capital maintains its rating at outperform with a target raised to €220 (from €200).
Saint-Gobain (SGO) → Barclays remains at overweight, target raised to €119 (from €116).

Neutral

Dassault Aviation (AM) → JP Morgan remains neutral, target raised to €325 (from €280).
Sopra Steria Group (SOP) → AlphaValue/Baader Europe maintains at buy, target adjusted to €253 (from €254).

Downward

Robertet (CBE) → Jefferies remains at buy, target reduced to €980 (from €1,040).

Have a great session, everyone!
Sylvain Mouilhaud: Equity coach.