
100% French Stocks – September 16, 2025
PREOPEN CAC 40: 7,897 points (-0.03%)
Key actions of the day
BNP Paribas (BNP): The bank raises its ROTE target to 13% by 2028, in anticipation of its 2027–2030 strategic plan. Net profit target >€12.2bn confirmed for 2025.
Kering (KER): Victim of a data breach detected in June, involving some brands (Gucci, Balenciaga, etc.).
STMicroelectronics (STM): The Italian government confirms that no job cuts are planned in the country.
Wendel (MF): Reduces its stake in Bureau Veritas by selling €591m worth of shares.
Aéroports de Paris (ADP): Passenger traffic up 3% in August.
Rubis (RUI): Confirms very preliminary discussions following takeover speculation.
Solutions 30 (S30): Completes installation of two ultra-fast Fastned charging stations in Spain, a structuring project.
Guerbet (GBT): Lowers its financial forecasts.
VusionGroup (ALVUS): Upgrades its 2025 targets after strong half-year results.
Agripower (ALAGP): Launches a €8m capital increase.
Theraclion (ALTHE): Confirms success of Sonovein in non-invasive varicose vein treatment.
Entech (ALESE): New contract for an agrivoltaic power plant, with a 20-year commitment.
Corporate results expected today
- VINCI (DG) – 5:45pm: Business update – August 2025 traffic
- ASSYSTEM (ASY) – 5:35pm: Q2 2025 results
- TRANSGENE (TNG) – 5:45pm: Q2 2025 results
- MAAT PHARMA (MAAT) – Today: Q2 2025 results
- HERIGE (ALHRG) – Today (estimated): Q2 2025 results
Analyst Recommendations (French companies only)
*Recommendation changes*
Upgrades
Danone (BN) → Jefferies upgrades from underperform to buy, target raised to €84.
Safran (SAF) → JP Morgan maintains overweight, target raised from €270 to €320.
Schneider Electric (SU) → Oddo BHF maintains outperform, target raised to €274.
Thales (HO) → Deutsche Bank keeps buy, target raised from €265 to €285.
Neutral
EssilorLuxottica (EL) → HSBC keeps at hold, target raised from €230 to €300.
Soitec (SOI) → Barclays maintains market weight, target lowered from €50 to €35.
Worldline (WLN) → JP Morgan keeps neutral, target lowered to €3.10.
Downgrades
L’Oréal (OR) → Jefferies downgrades from hold to underperform, target lowered to €340.
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Have a great session everyone!
Sylvain Mouilhaud: equities coach.