PREOPEN CAC 40: 8,122 points (+0.09%)
Key stocks of the day
- Orange (ORA): Buys the 50% of MasOrange held by the Lorca fund for €4.25bn, strengthening its strategic position in the Spanish market.
- Renault (RNO): Sells 26% of its Brazilian subsidiary to Geely, continuing the group's international restructuring.
- GTT (GTT): Raises its 2025 revenue forecasts, despite a slowdown in order intake.
- Eurazeo (RF): Finalizes the sale of CPK (Carambar, Krema, Poulain) to Ferrero, ongoing strategic refocus.
- Wallix (ALLIX): Confirms its annual targets after a strong Q3 (+21.7% in revenue).
- Méthanor (ALMET): Net profit of €1.16m in H1 2025 vs. loss a year earlier; boosted by a non-recurring capital gain.
- Emeis (ex-Orpea): Sells its senior residences in France for potential €200m, speeding up its strategic transformation.
Company results expected today
- COFACE SA (COFA): Q3 2025 results expected after market close.
- VICAT (VCT): Q3 2025 activity evolution after market close.
- CAPITAL B: Q2 2025 results (estimation).
- DELFINGEN (ALDEL): Q3 2025 activity evolution.
- OMER-DECUGIS & CIE: Q4 2025 activity evolution.
Analyst recommendations (French companies only)
Recommendation changes
Upgrades
Orange (ORA) → Maintained Buy, target raised from €16.20 to €17 (New Street Research).
Société Générale (GLE) → Maintained Market Perform, target raised from €62 to €67 (RBC Capital).
Neutral
Amundi (AMUN) → Maintained Neutral, target lowered from €68 to €63 (JP Morgan).
Kering (KER) → Double maintained Neutral with targets revised to €240 (CICC) and €313 (Citi).
Spie (SPIE) → Maintained Market Weight, target adjusted to €48.50 (Morgan Stanley).
Technip Energies (TE) → Maintained Market Weight, target reduced from €36 to €35 (Morgan Stanley).
Downgrades
Sopra Steria (SOP) → Maintained Buy, target lowered from €246 to €200 (AlphaValue/Baader Europe).
Dassault Systèmes (DSY) → Maintained Buy, target lowered from €37 to €32 (Goldman Sachs).
Scor (SCR) → Maintained Buy, target reduced from €34 to €33.50 (Goldman Sachs).
Receive this summary every morning before the market opens, sign up here to not miss any opportunity!
Have a great trading day everyone!
Sylvain Mouilhaud: stock coach.
