100% French Stocks – September 23, 2025
PREOPEN CAC 40: 7,849 points (+0.25%)
The Paris market is heading towards a slightly higher open, awaiting the preliminary September PMIs (manufacturing, services, composite) for the euro area. These indicators could guide today's session in an economic context marked by US tariffs and a strong euro.
Key Stocks of the Day
Sanofi (SAN): Receives FDA Fast Track designation for its SAR446268 treatment against myotonic dystrophy type 1.
Stellantis (STLA): Places six European plants on technical unemployment.
L’Oréal (OR): Reportedly interested in Giorgio Armani's beauty business, according to Bloomberg.
Argan (ARG): Drops the sale of its Carat portfolio, raises its 2025 objectives.
Capital B: Launches a capital increase to finance the purchase of 10 additional BTC.
Fill Up Média (ALFUL): Positive semi-annual EBITDA, redefines its 2025 objectives with a 2026 horizon.
Precia (PREC): Semi-annual revenue rises, supported by Asia and France.
Genfit (GNFT): Negative net result in H1 2025, but strong cash position (€107.5M).
ABC Arbitrage (ABCA): Semi-annual results impacted by high volatility, stable activity.
HRS (ALHRS): 36% of European hydrogen stations installed by HRS since 2021.
BOA Concept (ALBOA): Revenue up 22%, but losses persist.
Altheora (ALTH): Revenue drops 11%, but margin maintained thanks to structural efforts.
Corporate Earnings Expected Today
Groupe CRIT (CRIT) – Q2 2025 results
ABC Arbitrage (ABCA) – Q2 2025 results
Lumibird (LBIRD) – Q2 2025 results
Carbios (ALCRB) – Q2 2025 results (released at 06:45am)
Analyst Recommendations
Recommendation Changes
Upgrades
TotalEnergies (TTE) → JP Morgan maintains overweight recommendation, target raised from €60 to €61.
VusionGroup (VUSI) → Bernstein remains at outperform, target raised from €265 to €285.
Wavestone (WAVE) → Marex initiates buy coverage, target €61.50.
Kering (KER) → Morgan Stanley maintains its recommendation, target price raised from €195 to €250.
Antin Infrastructure (ANTIN) → JP Morgan remains neutral but raises target from €11.30 to €12.80.
Aperam (APAM) → Morgan Stanley maintains equal-weight, target raised from €27 to €32.30.
Neutral
Athens Airport → BNP Exane moves from outperform to neutral, target raised from €9.20 to €10.40.
Downgrades
(No French company concerned today)
Have a great session everyone!
Sylvain Mouilhaud: Stocks coach.