CAC 40 PREOPEN: 7,806 points (-0.19%)
Key actions of the day
LVMH (MC): Half-year results sharply down by -22%. Declining performance in Asia, pressure on Fashion & Leather Goods divisions.
Rémy Cointreau (RCO): Q1 2026 above expectations, organic growth expected in the second half. Stock supported.
STMicroelectronics (STM): Acquisition of NXP's MEMS sensors for up to $950M. Major strategic impact. Guidance lowered by analysts.
Michelin (ML): Revenue down, impacted by lower volumes, but margin resilience. Market in a wait-and-see mode.
Sanofi (SAN): Drug Sarclisa approved by the EU for the treatment of multiple myeloma.
Carrefour (CA): Sale of Italian activities. Focus on strategic markets. Price target raised by Barclays.
Crédit Agricole (ACA): In advanced negotiations to acquire Groupe Milleis via its subsidiary LCL.
Valeo (FR): Downward revision of its adjusted revenue target due to currency effects.
Vinci (DG): International expansion with the acquisition of Energobit in Romania.
Eiffage (FGR): New contract awarded worth €120M for infrastructure at the Marseille Fos port.
Nexity (NXI): Annual targets confirmed despite a still tense real estate context.
Ipsen (IPN): The EU approves Cabometyx for neuroendocrine tumor treatment.
LISI (FII): Published half-year revenue of €978.8M.
Bénéteau (BEN): Revenue down, but order intake up, bringing more visibility.
Alten (ATE): Expects an organic decline of -5.2% to -5.5% in 2025. Market in retreat.
Mercialys (MERY): Annual net profit target revised upward thanks to solid commercial momentum.
Voltalia (VLTSA): Two new solar contracts won in Ireland.
Pierre & Vacances (VAC): Quarterly revenue up by +10%. Tourism remains strong.
Gecina (GFC): Raises €500M via a 10-year green bond, to finance sustainable projects.
Mauna Kea Technologies (MKEA): Signs a strategic partnership to enter the Australian market.
AdVini (ADVI): Half-year revenue down, but favorable mix and strong momentum in North America (+25%).
Aramis Group (ARAMIS): Revises its 2025 targets downward, aims for an adjusted EBITDA of €65M. Growth more moderate than expected.
Today’s expected company results
- Vallourec (VK) – 07:30
- Rémy Cointreau (RCO) – 07:30
- Maisons du Monde (MDM) – 17:45
- Bureau Veritas (BVI)
- Sopra Steria Group (SOP)
- Burelle SA
- Compagnie de l’Odet
- MRM
Analyst recommendations (French companies only)
Upward
Carrefour (CA) → Maintain Overweight, price target raised €15.50 → €15.75
Eurofins Scientific (ERF) → Maintain Buy, target raised €89 → €95
Neutral
BNP Paribas (BNP) → Maintain Hold, target raised €92 → €94
STMicroelectronics (STM) → Maintain Hold, target reduced €30 → €26.40
Dassault Systèmes (DSY) → Maintain Hold, target reduced €35 → €33
LVMH (MC) → Maintain Hold, target reduced €540 → €525
TotalEnergies (TTE) → Maintain Hold, target reduced €56 → €55
Downward
Dassault Systèmes (DSY) → Jefferies: Underperform, target reduced from €27 → €26
TotalEnergies (TTE) → Bernstein: Outperform maintained, but target reduced from €67 → €65
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Have a great session everyone!
Sylvain Mouilhaud: Stocks coach.
