100% French Stocks – October 14, 2025
PREOPEN CAC 40: 7,880 points (-0.49%)
The CAC 40 is set to open in the red, amid corporate reports and tensions over 2025 outlooks in some sectors.
Key stocks of the day
Michelin (ML): Lowers its targets for 2025, mainly due to a difficult US market.
Publicis Groupe (PUB): Now expects organic growth between 5% and 5.5% in 2025, compared to 5% previously.
Airbus (AIR): Announces new A320neo assembly lines in China and the United States.
Safran (SAF): Investing in Morocco in a new assembly line for LEAP engines.
Stellantis (STLA): Moody's downgrades its Baa2 credit rating outlook from stable to negative.
Hoffmann Green Cement (ALHGR): Its decarbonized concrete validated for wind turbine foundations.
Agrogénération (ALAGR): Takeover bid open.
Mare Nostrum (ALMAR): Sells AT Patrimoine and continues its strategic refocus.
Vergnet (ALVER): Carries out several capital increases to reduce its debt (€544k).
AMA Corporation (ALAMA): Will not achieve its 2025 order book growth target (-26% at end of September).
Mauna Kea Technologies (ALMKT): Q3 2025 revenue up 16% at constant exchange rates. The company seeks to raise €5-8M to secure its cash flow through 2027.
Expected earnings today
- LVMH (MC) – Q3 2025 trading update
- Publicis Groupe (PUB) – Q3 2025 trading update
- Gecina (GFC) – Q3 2025 trading update
- Sidetrade (ALBFR) – Q3 2025 trading update
- Ekinops (EKI) – Q3 2025 trading update
Analyst recommendations (France only)
Recommendation changes
Upgrades
BNP Paribas (BNP) → Goldman Sachs maintains Buy, target raised from €98.70 to €98.90.
STMicroelectronics (STM) → HSBC maintains Buy, target raised from €27 to €30.
Klépierre (LI) → JP Morgan upgrades to Overweight, target raised from €31 to €38.
Medincell (MEDCL) → Stifel maintains Buy, target raised from €24 to €37.
Theon International (THEON) → Berenberg maintains Buy, target raised from €31 to €40.
Legrand (LR) → RBC Capital maintains Market Perform, target raised from €125 to €140.
Neutral
Sopra Steria (SOP) → BNP Paribas Exane downgrades to Neutral, target cut from €220 to €146.
Teleperformance (TEP) → Goldman Sachs maintains Neutral, target cut from €93 to €82.
Downgrades
Michelin (ML) → Barclays maintains Underweight, target cut from €28 to €26.
Michelin (ML) → Deutsche Bank maintains Buy, target cut from €37 to €31.
Michelin (ML) → Jefferies maintains Buy, target cut from €43 to €38.
Have a good session everyone!
Sylvain Mouilhaud – Stock Coach
