CAC 40 PREOPEN: 8,027 points (+0.70%)
Key stocks of the day
Valeo (FR): Presents its roadmap through 2028. Targets: revenue between €22 and €24bn, operating margin of 6-7%, FCF > €500m, leverage < 1x.
Euronext (ENX): Successfully completes takeover bid for Athens Stock Exchange operator (ATHEX).
Schneider Electric (SU): Lands giant $2.3bn contract in the US for data centers.
Thales (HO): Signs research partnership for air traffic management in Dubai.
BNP Paribas (BNP): New CET1 target at 13% by 2027. Launches €1.15bn share buyback program.
TotalEnergies (TTE): Strategic agreement with Conoil for offshore blocks in Nigeria.
Soitec (SOI): Disappointing half-year results, stock expected to fall.
JCDecaux (DEC): New share buyback program (1.5 million shares).
Valneva (VLA): Revenue up +8.9% in 9 months but returns to a net loss of €65.2m.
Getlink (GET): Opposes 'Business Rates' property tax increases in Great Britain.
Elior (ELIOR): Finances restored, announces dividend after several years' absence.
Bic (BB): Grégory Lambertie appointed new Chief Financial Officer.
Kaufman & Broad (KAU): Signs 30,000m² office campus in Marseille.
Drone Volt (ALDRV): Strategic partnership with Umag.
Corporate earnings expected today
- *TotalEnergies EP Gabon
- Genfit
- Hamilton Global Opportunities
- Amplitude Surgical
Analyst recommendations (France only)
**Recommendation changes**
Upgraded
No upgrades for French stocks this morning.
Neutral
Interparfums (ITP) → 'Neutral' recommendation maintained, target reduced from €33.64 to €24.
Euronext (ENX) → 'Outperform' recommendation maintained by Oddo BHF, target slightly reduced from €155 to €152.
Worldline (WLN) → Goldman Sachs remains 'Neutral', target sharply reduced from €3.50 to €1.50.
Downgraded
Vivendi (VIV) → JP Morgan remains 'Overweight' but lowers target from €3.80 to €2.90.
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Have a great session everyone!
Sylvain Mouilhaud – Stocks Coach.
