PREOPEN CAC 40: 7,734 points (+0.00%)
Key Actions of the Day
Orange, Iliad, Bouygues Telecom: The three operators are considering forming a consortium to acquire Altice's assets, according to La Lettre.
Airbus (AIR): Delivered 61 aircraft in August, bringing the total to 434 since the start of the year.
ArcelorMittal (MT): Negotiations for the sale of the South African subsidiary are stalled on valuation (Bloomberg).
Nexans (NEX): Placement carried out at €121.50 per share, according to the market.
bioMérieux (BIM): Slowdown in China and pressure from US tariffs.
GTT (GTT): New order for 2 LNG carriers destined for the United States.
Vallourec (VK): Strengthens its balance sheet through partial bond redemption.
Derichebourg (DBG): Launch of a share buyback program.
Peugeot Invest (PEUG): Sells 5.8% of Lisi for €105M in gross profit.
Solutions 30 (S30): Takes control of Elektra Realizacje in Poland.
Lhyfe (LHYFE): First deliveries of green hydrogen in the Netherlands.
Biophytis (ALBPS): EMA authorization for a phase II clinical trial on obesity.
Entreparticuliers → Ethero
Voltalia (VLTSA): Half-year revenue up +8% to €257M, but net loss of -€39.7M.
bioMérieux (BIM): Sales growth of +9.4% in H1, notably thanks to BIOFIRE respiratory panels (+12%).
Quadient (QDT): Named Technology Leader in accounts payable automation by SPARK Matrix 2025.
Analyst Recommendations (France only)
**Recommendation Changes**
Upgrades
STMicroelectronics (STM) → Buy rating confirmed, target raised from €25 to €27.
Nexans (NEX) → Buy rating confirmed, target raised from €125 to €143.
Neutral
Getlink (GET) → Moves from overweight to neutral, target cut from €18 to €15.
Eiffage (FGR) → Overweight maintained, target adjusted from €136 to €135.
Vinci (DG) → Overweight maintained, target adjusted from €143 to €142.
Soitec (SOI) → Market weight maintained, target cut from €50 to €35.
Downgrades
Getlink (GET) → Negative impact expected at opening after recommendation downgrade by JP Morgan.
Soitec (SOI) → Target revised downwards by Morgan Stanley, pressure expected.
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Have a great session everyone!
Sylvain Mouilhaud: Equity coach.
