100% French Stocks – Thursday, October 2, 2025
CAC 40 PREOPEN: 8,002 points (+0.28%)
Key stocks of the day
Renault (RNO): Considering a joint venture with China’s Chery to produce in South America.
Saint-Gobain (SGO): In talks to sell SFIC Belgium.
EssilorLuxottica (EL): Finalizes acquisition of ophthalmology platform Optegra.
Stellantis (STLA): +6% sales in Q3 in the United States.
Vinci (DG): Launches massive €600M share buyback.
Scor (SCR): Redeems €63.6M in perpetual bonds.
GTT (GTT): New order for an LNG carrier in North America.
Vranken (VRK): Sells Champagne Heidsieck to Lanson for €50M.
Argan (ARG): Raises its investments outlook for 2026.
Signaux Girod (GIRO): Acquires Michat Electronique.
Nicox (COX): Positive results on NCX 470, heading towards authorizations in the USA and China.
Nanobiotix (NANO): Encouraging first results for its treatment against esophageal cancer.
Amoéba (AMEBA): Very positive feedback on AXPERA tests against downy mildew in French vineyards.
Mauna Kea Technologies (MKEA): Shows resilience despite a -5% drop in H1 2025 sales, reduced losses, and strengthened cash post-close.
Gensight Biologics (SIGHT): Completes a €3.7M fundraising round.
Expected company results today
Kaufman & Broad SA (KOF) – Q3 2025 Results
Hydrogen Refueling Solutions (ALHRS) – Q4 2025 Results (estimated)
Analyst recommendations (French companies only)
Recommendation changes
Upgrade
Bouygues (EN) → JP Morgan stays at Overweight, target raised from €49 → €56
Legrand (LR) →
- BNP Paribas Exane: maintains Neutral, target raised from €140 → €145
- Barclays: stays at Overweight, target raised from €148 → €165
Orange (ORA) → BNP Paribas Exane stays at Outperform, target raised from €16 → €17
Neutral
Orange (ORA) → Oddo BHF moves from Outperform to Neutral, target maintained at €14
Downgrade
(No major rating downgrades for French companies today)
Have a great session everyone!
Sylvain Mouilhaud – Equity Coach
