CAC 40 PREOPEN: 7,543.60 points (+0.18%)
A cautious upward trend this morning in Paris, driven by easing geopolitical tensions in the Middle East. The Iran/Israel ceasefire reduces pressure on the markets. Investors are moving back to risk assets.
Key stocks of the day
Société Générale (GLE): Several executives are in custody over a tax fraud money laundering case. The stock is expected to be under pressure at the open.
Sanofi (SAN): Its riliprubart has been granted orphan drug status in the United States, a strategically significant recognition.
Ipsos (IPS): Completion of the acquisition of The BVA Family, strengthening its position in marketing research.
Clariane (CLARI): Successful issuance of €400M in bonds maturing in 2030, with a high coupon of 7.875%.
Lumibird (LBIRD): Secures a naval contract for laser rangefinders, a good signal in the defense sector.
Drone Volt (ALDRV): New contract to inspect high-voltage sleeves, providing growth momentum.
Affluent Medical (AFME): Issues convertible bonds to ensure financing through the end of 2025.
Semco (SEMCO): Official launch of its IPO on Euronext Growth.
Today's expected corporate results
- Trigano (TRI): Release of Q3 2025 activity update. Focus on leisure vehicle dynamics.
- EuropaCorp (ECP): Q4 2025 results. Attention to margin recovery and 2025–2026 outlook.
Analyst recommendations (French companies only)
**Recommendation changes**
Upgraded
Eiffage (FGR) → Outperform maintained by BNP Paribas Exane, target raised to €148 (+€10).
FDJ United (FDJ) → JP Morgan remains overweight, target adjusted to €43 (+€1).
Vinci (DG) → BNP Paribas Exane confirms outperform, target increased to €139 (+€12).
Stellantis (STLA) → Jefferies upgrades to buy, target significantly raised to €11.50 (+€2.50).
Neutral
Kering (KER) → Morgan Stanley maintains neutral stance, target lowered to €195.
OVH Groupe (OVH) → Morgan Stanley keeps underweight rating, target slightly adjusted to €10.
Downgraded
No French companies are affected today.
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Have a great trading session everyone!
Sylvain Mouilhaud: Stock coach.
