100% French Stocks – Thursday, September 12, 2025
PREOPEN CAC 40: 7,827 points (+0.12%)
The Paris market is expected to open slightly higher after a solid increase the previous day (+0.80%). US indices closed at new records, despite slightly higher-than-expected inflation in the US (+0.4% in August).
This evening, Fitch will announce its verdict on France’s debt rating, already under negative watch...
Key stocks of the day
Euronext (ENX): Joins the CAC 40, replacing Teleperformance.
Pluxee (PLX): Acquires ProEves in India, strengthening its employee benefits offering.
Vallourec (VK): Wins a $1bn contract with Petrobras (Brazil) for offshore operations through 2029.
Stellantis (STLA): The new CEO unveils his 3 priorities: growth, industrial execution, profitability.
Thales (HO): New contract and strategic partnership with BAE Systems.
Capgemini (CAP): Launches its 12th employee shareholding plan.
Airbus (AIR): Delivers the first A220 to Air Niugini.
Forvia (FRVIA): Improves its debt by buying back 2031 bonds.
Robertet (CBE): Confirms annual targets despite increased customs impact.
Vranken-Pommery (VRAP): Stable revenue in H1 2025, but net result still negative.
Fermentalg (FALG): H1 revenue up by 20%, result still negative but clear improvement.
Vetoquinol (VETO): EBITDA and net result up +5.3% in H1 2025 despite negative currency effects.
OSE Immuno (OSE): Recruitment ends for Phase II clinical study with the FoRT Foundation.
Vente-unique (ALVU): The Habitat brand returns to Belgium and Switzerland.
Company earnings expected today
- Virbac (VIRP): Q2 2025 results expected today.
Analyst recommendations (French companies only)
**Recommendation changes**
Upgrades
Legrand (LR) → Buy maintained, target raised from €144 to €145.
Schneider Electric (SU) → Buy confirmed, target raised from €240 to €250.
Technip Energies (TE) → Outperformance maintained, target increased from €44 to €50.
Neutral
Air France-KLM (AF) → Market weighting maintained, target adjusted to €12.50.
Downgrades
ArgenX (ARGX) → Downgrade: buy → hold, target: €655.
Have a great session everyone!
Sylvain Mouilhaud: Equity coach.
