CAC 40 PREOPEN: 8,100 points (stable)
European markets are stabilizing this Thursday after a strong rebound fueled by hopes of monetary easing in the United States as early as December. Wall Street closed in the green before Thanksgiving, supported by an estimated 82% probability of a rate cut on December 10, according to the CME FedWatch tool. Thus, the CAC 40 should open in a mixed fashion within a technical consolidation area.
Key Stocks of the Day
Rémy Cointreau (RCO): Half-year results declined, but objectives maintained. Revenue down -4.2% organically, operating margin decreased.
Michelin (ML): Closed its Watéa division dedicated to fleet electrification.
Valneva (VLA): Nantes site closed, strategic refocus on Lyon.
LDC (LOUP): H1 results in line with expectations, annual forecasts confirmed.
Trigano (TRI): Annual results down, impacted by the normalization of the leisure vehicle market.
Transgène (TNG): Fundraising of €105 million at €1.02/share.
Eurazeo (RF): Launch of two pan-European evergreen funds accessible to retail investors.
Manitou (MTU): Reorganization of its executive committee.
Transition Evergreen (EGR): Trading suspended due to critical deadlines affecting survival.
Companies Reporting Results Today
- Aramis
- Precia
- Foncière Volta
- NamR
- Graines Voltz
Analyst Recommendations (French companies only)
Upgrades
ID Logistics (IDL) → Bernstein confirms outperform, target raised to €530 (+€10).
Klépierre (LI) → JP Morgan remains overweight, target raised to €39 (+€1).
Unibail-Rodamco-Westfield (URW) → JP Morgan remains neutral, but target raised to €105 (+€9).
Neutral
Gecina (GFC) → JP Morgan remains neutral, target lowered to €95 (-€9).
Soitec (SOI) → JP Morgan remains neutral, target reduced to €33 (-€7).
Downgrades
Sodexo (SW) → Citi downgrades to neutral, target reduced to €52 (-€9).
Have a great session everyone!
Sylvain Mouilhaud: Stock coach.
