100% French Stocks – Thursday, October 16, 2025

100% French Stocks – Thursday, October 16, 2025

PREOPEN CAC 40: 8,100 points (+0.03%)

Key Actions of the Day

Altice (ATC): Rejects the SFR buyout offer from Bouygues, Orange, and Free. Talks continue.
Pernod Ricard (RI): Revenue drops by 7.6% in Q1 2025.
Orange (ORA): Will collect up to €500M via the partial sale of its data center business.
EssilorLuxottica (EL): Acquires Swiss medtech company RetinAI.
Société Générale (GLE): Completes its share buyback program.
Vinci (DG): Vinci Airports traffic rises 4.2% in Q3 2025.
Sartorius Stedim Biotech (DIM): Expects to reach the high end of its forecast range.
FDJ United (FDJ): Targets over €3.7bn in revenue in 2025.
OPmobility (OPMO): Signs a letter of intent with Chery Automobiles.
SRP Groupe (SRP): Letter of intent to transfer The Bradery back to its founders.
GeNeuro (GNRO): Postpones publication of its half-year accounts.

Companies Reporting Today

Pernod Ricard (RI) – Q1 2026 Revenue
Sartorius Stedim Biotech (DIM) – Q3 2025 Results
EssilorLuxottica (EL) – Q3 2024 Activity
Mercialys (MERY) – Q3 2025 Activity
Aéroports de Paris (ADP) – September Traffic
Virbac (VIRP) – Q3 2025 Activity
STEF (STF) – Q3 2025 Activity
Maurel (MAU) – Q3 2025 Activity
Hôtels Baverez (ALLHV) – Q3 2025 Trading Statement
Société Marseillaise du Tunnel Prado Carénage (SMTPC) – Q3 2025 Activity
Gévelot (ALGEV) – Q3 2025 Business Report
SRP Groupe (SRP) – Q3 2025 Activity
Prodware (ALPRO) – Q3 2025 Results
Société Foncière Lyonnaise (FLY) – Estimated Q3 2025 Results
ID Logistics (IDL) – Q3 2025 Activity

Analyst Recommendations (France only)

**Recommendation Changes**

Upgrades

GTT (GTT) → Jefferies starts at Buy, target €205.
Rexel (RXL) → Goldman Sachs reiterates Buy, target raised from €31 to €34.

Neutral

Kering (KER) → TD Cowen maintains at hold, target raised from €240 to €260.
STMicroelectronics (STM) → Aletheia Capital stays at hold, target lowered from €26 to €22.
Veolia Environnement (VIE) → Barclays maintains at overweight but lowers the target from €39 to €38.50.
Rexel (RXL) → Barclays moves to market weight, target €30.

Downgrades

No major downgrades on French stocks this morning.

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Wishing everyone a great trading session!
Sylvain Mouilhaud: Stock Coach.