100% French Stocks – October 28, 2025
100% French Stocks – October 28, 2025
PREOPEN CAC 40: 8,212 points (-0.36%)
Key Stocks of the Day
Airbus (AIR): Turkey signs an order for 20 Eurofighter Typhoons for €9.2 billion, a contract involving Airbus. In addition, Bernstein raises the price target from €198 to €223 while maintaining its outperform rating.
Air Liquide (AI): The group confirms its objectives for 2025 despite a slight drop in third-quarter revenues, impacted by currency effects.
Amundi (AMUN): Q3 revenue beat expectations, but net profit was hit by an exceptional restructuring charge.
BNP Paribas (BNP): Solid Q3 results, net profit up +6.1% to €3.04 billion. 2025-2026 guidance confirmed.
Capgemini (CAP): Raises its 2025 revenue forecast. Margin target slightly lowered. Q3 sales beat expectations.
Clariane (CLARI): Lowers its 2025 EBITDA forecast, despite higher 9-month revenues.
Danone (BN): 2025 objectives confirmed. Strong organic growth in Q3, especially in China.
Memscap (MEMS): Q3 revenue stable. Net profit and adjusted EBITDA slightly down over 9 months.
Bigben Interactive (BIG): Half-year revenue almost stable (-0.3%). The group confirms its 2025-2026 growth trajectory.
Analyst Recommendations (French companies only)
Changes in Recommendation
Upgrades
Airbus (AIR) → Bernstein remains at outperform, target raised from €198 to €223.
Forvia (FRVIA) → Jefferies maintains buy, target raised from €13.35 to €14.20.
Rexel (RXL) → Citi remains at buy, target raised from €28 to €38.
Vinci (DG) → AlphaValue/Baader Europe remains at accumulate, target raised from €173 to €180.
EssilorLuxottica (EL) → RBC Capital remains at outperform, target raised from €305 to €340.
Valeo (FR) → Jefferies remains at hold, target raised from €8.80 to €10.35.
Neutral
Bureau Veritas (BVI) → Citi remains at hold, target raised from €29.40 to €29.75.
Bureau Veritas (BVI) → Berenberg remains at buy, target reduced from €36 to €34.
Clariane (CLARI) → Oddo BHF remains at outperform, target reduced from €5.55 to €5.10.
Hermès (RMS) → Citi remains at neutral, target reduced from €2,295 to €2,270.
Soitec (SOI) → JP Morgan remains at neutral, target reduced from €45 to €40.
Imerys (NK) → Berenberg remains at hold, target reduced from €27 to €22.
Downgrades
Dassault Systèmes (DSY) → AlphaValue/Baader Europe lowers from buy to accumulate, target reduced from €40 to €31.40.
Solvay (SOLB) → Berenberg moves from hold to sell, target lowered from €28 to €24.
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Have a great session everyone!
Sylvain Mouilhaud: Equity coach.