CAC 40 PREOPEN: 7,693 pts (+0.21%)

Key stocks of the day

LVMH (MC): Antoine Arnault joins the executive committee. Véronique Courtois takes over as head of Parfums Christian Dior and the beauty division. AlphaValue/Baader Europe lowers the price target from €695 to €626 (rating maintained at accumulate).

Kering (KER): The luxury group plans a strategic recovery in 2025 after a lackluster year.

Beneteau (BEN): Revenue down 17% in 2025 (€848.6M). Return to growth expected from H1 2026.

Delfingen (ALDEL): 2025 revenue at €400.3M, down 3.1% at constant exchange rates.

Ubisoft (UBI): Employee strike from February 10 to 12.

Audacia (ALAUD): Successful €8M capital increase.

Lumibird (LBIRD): New equipment for Rheinmetall.

Eurazeo (RF): €175M raised for the sustainable maritime fund ESMI II.

Viel & Cie (VIEL): Revenue up 7.4%, strong performance in a challenging environment.

Stif: Strong activity from its Asian subsidiary (batteries).

Casino (CO): No appeal over its criminal conviction.

Alstom (ALO): 76 Flexity units put into service in Toronto.

Earnings calendar

• Viel & Cie
• Assystem
• Hexaom
• Haulotte Group
• Lacroix

Analyst recommendations (France)

Upgraded

Aperam (APAM) → from reduce to accumulate, target raised from €42.10 to €53.

Neutral

LVMH (MC) → accumulate maintained, target lowered from €695 to €626.

Downgraded

Stellantis (STLA) → market weight maintained, target lowered from €9.20 to €7.

Have a good session, everyone!

Sylvain Mouilhaud – Stock Coach