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
