100% French Stocks – Tuesday, June 3, 2025
Volatility lurking over the CAC 40: between geopolitical tensions and positive US signals! Markets are watching with hope for a revival of the Trump–Xi dialogue, but nerves remain, fueled by trade tensions and rising oil prices. Keep a close eye on several reports and key deals among French midcaps!
CAC 40 PREOPEN: 7,744 pts (+0.12%)
Macroeconomic context:
• Moderate rebound on Wall Street, led by tech and metals.
• Gold rebounds, the dollar weakens, and long-term rates rise.
• Oil climbs (+3%) amid geopolitical tensions and Canadian wildfires.
• In Asia: Japan timid, Australia up, South Korea closed.
Key stocks of the day
Airbus (AIR): 51 planes delivered in May, per Reuters (vs. 56 in April).
Vinci (DG): acquisition of Peters Bros Construction in Canada.
Sanofi (SAN): rilzabrutinib receives orphan status in the US for a 4th disease.
BioMérieux (BIM): new test kit for horses.
Legrand (LR): acquisition of a Malaysian player in data centers.
Quadient (QDT): acquires Serensia. Q1 results published today.
Mauna Kea (MKEA): advances in AI for detecting pancreatic lesions.
Bpifrance sells 2.9% of Elis (ELIS) at €23.26.
Vantiva (VANTI): 5G partnership with Hi3G Denmark.
Spie (SPIE): acquires Rovitech.
OSE Immuno (OSE): new data presented.
Maat Pharma (MAAT): EMA marketing approval request for Maat013.
Nexans (NEX): acquisition of Cables RCT in Spain.
Corporate results expected today
• Quadient (QDT) – Q1 2025 activity release.
Analyst recommendations (focus on French companies)
Recommendation changes
Upgrades
Elis (ELIS) → Jefferies initiates at Buy, target: €30.
Safran (SAF) → Haitong starts coverage at Outperform, target: €296.64.
Sanofi (SAN) → Guggenheim maintains Buy, target raised: €108 → €110.
Technip Energies (TE) → Oddo BHF maintains Outperform, target: €35 → €40.
Neutral
Eutelsat (ETL) → Bernstein remains Neutral, target lowered: €4.70 → €4.20.
Kering (KER) → RBC remains Neutral, target lowered: €180 → €170.
Soitec (SOI) → Berenberg moves to Hold, target: €50.
Downgrades
Aker Solutions → Sparebank downgrades to Hold, target: 33 NOK → 32 NOK.
Your thoughts? Which stocks will you watch today?
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Have a great trading session everyone!
Sylvain Mouilhaud – Stock Coach.