100% French Stocks – October 17, 2025

CAC 40 PREOPEN: 8,135 points (-0.6%)

Key stocks of the day

EssilorLuxottica (EL): Q3 results exceeded expectations. The stock soared +12% in US OTC trading. Analysts are massively raising their price targets.

Airbus (AIR): Authorities have approved the acquisition of Spirit AeroSystems’ assets. Strategic integration expected in aerospace.

Virbac (VIRP): Raised its annual target after solid Q3 revenue (+12.5% organic). Strong momentum across all regions.

Aéroports de Paris (ADP): Passenger traffic edged up in September. The trend remains stable despite disruptions.

JCDecaux (DEC): Won the national press signage contract. Major commercial victory.

Casino (CO): Legal twists. Four years in prison requested, including one firm, against Jean-Charles Naouri, former CEO.

Stif: Signed a major contract with CATL in the battery sector.

Amoéba: Received US authorization to market its biocontrol products. Entry into a strategic market.

Voltalia (VLTSA): Partners with IFC to supply greener energy to African mines. High environmental impact expansion.

AB Science (AB): New positive phase 1 data for AB8939 in acute leukemia. Strong activity in combination with venetoclax.

Analyst recommendations (French companies)

**Recommendation changes**

Upgrades

EssilorLuxottica (EL) →

BNP Paribas Exane stays at outperform, target raised from €302 → €320
JP Morgan stays at overweight, target raised from €267 → €300
Morgan Stanley stays at overweight, target raised from €280 → €320

Safran (SAF) →

RBC Capital stays at outperform, target raised from €320 → €340

Sartorius Stedim Biotech (DIM) →

Nephron Research stays at buy, target raised from €251 → €252

Neutral

Gecina (GFC) →

Goldman Sachs stays at neutral, target cut from €88.20 → €86.40

Pernod Ricard (RI) →

BNP Paribas Exane stays at neutral, target cut from €83 → €82

Downgrades

FDJ United (FDJ) →

AlphaValue stays at buy, target cut from €56.60 → €56
Goldman Sachs stays at sell, target cut from €27.80 → €26.50

Michelin (ML) →

Morgan Stanley stays at overweight, but target cut from €37 → €31

Have a great trading session everyone!
Sylvain Mouilhaud – Stock Coach