CAC 40 PREOPEN: 8,000 points (-1.59%)
Key stocks of the day
TotalEnergies (TTE): Fined €187.5M by the Competition Authority and facing a complaint for complicity in war crimes in Mozambique.
Rubis (RUI) & EG Retail: Also fined by the Competition Authority in the fuel case.
Crédit Agricole (ACA): Presentation of the medium-term strategic plan.
Société Générale (GLE): Jean-Yves Fillion (ex-BNP Paribas) appointed CEO Americas.
Airbus (AIR): To supply H160 helicopters to Bristow for the African offshore fleet.
Air Liquide (AI): Launches the first hydrogen trucks for its logistics operations in the Netherlands.
Amundi (AMUN): Takes a 9.9% stake in ICG, targets €300bn in net inflows by 2028.
Technip Energies (TE): Ends its share buyback program.
Aéroports de Paris (ADP): 5% increase in passenger traffic in October.
JCDecaux (DEC): Renews its exclusive contract with STIB (Brussels) for 12 years.
OSE Immuno (OSE): The IDMC approves the continuation of the ARTEMIA trial.
Valbiotis (ALVAL): New alliance in Asia with the Aika group.
Vergnet (ALVER): To finance via OBSA issuance.
Corporate results expected today
No major results expected today for French stocks. Quiet day on the publication side.
Analyst recommendations (France only)
**Recommendation changes**
Upgrades
Amrize → Bank Vontobel moves from Hold to Buy, target 51 CHF.
Vallourec (VK) → BNP Paribas maintains Outperform, target raised to €21.
Neutral
Alstom (ALO) → BNP Paribas remains Neutral, target raised from €22.50 to €24.
Axa (CS) → AlphaValue remains at Accumulate, but target lowered to €44.90.
Derichebourg (DBG) → Oddo BHF remains Neutral, target raised to €6.
Downgrades
TotalEnergies (TTE) → Gerdes Energy Research remains Buy, but target lowered to USD 81.
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Have a great session, everyone!
Sylvain Mouilhaud – Stock Coach
