100% French Stocks – Wednesday, October 15, 2025

100% French Stocks – Wednesday, October 15, 2025

PREOPEN CAC 40: 8,065 points (+1.81%)
Supported by optimism about US rates and easing Sino-American relations, as well as LVMH's results.

Key Stocks of the Day

LVMH (MC): Slight revenue increase of +1% in Q3. The stock soars +8.8% after hours in the US.

Rexel (RXL): Q3 sales up by +3%. Sales target raised. Strong US performance offsets weak European activity.

Altice France (ALTICE): Bouygues, Free, and Orange submit a joint €17bn offer to acquire a large portion of French assets.

Airbus (AIR): The A320 becomes the world's best-selling aircraft, surpassing the Boeing 737.

Stellantis (STLA): $13bn investment to increase US production by 50%.

Inventiva (IVA): Launches an ATM financing program that could reach $100m in the United States.

Spineway (ALSPW): Q3 sales up +18% thanks to Latin American and Asian markets.

Bourse Direct (BSD): Strong growth in client activity (+21.5% Q3), but overall revenue slightly down (-1.3%).

Company Results Expected Today

VINCI (DG) → 5:45pm (September traffic)
REXEL (RXL) → 7:00am (Q3 2025)
FDJ UNITED (FDJ) → Q3 2025
VILMORIN & CIE (RIN) → Q4 2025 results (estimate)
THERMADOR GROUPE (THEP) → 6:00pm (Q3 2025, revenue)
GL EVENTS (GLO) → 6:00pm (Q3 2025)
BOURSE DIRECT (BSD) → Q3 2025
LA FRANÇAISE DE L’ÉNERGIE (FDE) → Q4 2025 results
LIGHTON (MLLGT) → Q4 2025 results
CATANA GROUP (CATG) → Q3 2025
ADOCIA (ADOC) → Q3 2025
CATERING INTERNATIONAL (ALCTG) → Q3 2025
HIGHCO (HCO) → 6:00pm (Q3 2025)

Analyst Recommendations (French companies only)

**Recommendation Changes**

Upgrades
LVMH (MC)
→ Several analysts raise their target:

Bernstein: €600 → €700
Jefferies: €470 → €530
JP Morgan: €525 → €545
Telsey Advisory: €575 → €585

Neutral
Publicis Groupe (PUB)
→ AlphaValue/Baader Europe maintains its "Accumulate" recommendation, target reduced: €96.3 → €95.4
→ Deutsche Bank maintains "Hold," target raised: €94 → €95

Downgrades
Orège (OREGE)
→ Oddo BHF keeps its neutral recommendation, target lowered: €0.35 → €0.30

Have a good session everyone!
Sylvain Mouilhaud: Equity coach.