100% French Stocks – Wednesday, October 9, 2025
100% French Stocks – Wednesday, October 9, 2025
CAC 40 PREOPEN: 7,977 points (+0.07%)
Key Stocks of the Day
Crédit Agricole (ACA): Acquires 9.9% of Belgian bank Crelan, European expansion strategy.
ArcelorMittal (MT): Supported by EU anti-dumping measures, relief for the steel sector.
Legrand (LR): Acquires Cogelec, tender offer at €29/share to buy out minorities.
Ampère - Renault (RNO): Goal: -40% in EV production costs by 2028, break-even reached in 2025.
Sanofi (SAN): Positive phase II data for AlphaMedix in digestive tumors.
Air Liquide (AI): Strengthened expansion in the USA.
Capgemini (CAP): Launches share buyback program to offset dilution.
Euronext (ENX): Higher volumes on its platforms in September.
Spie (SPIE): Acquires ECOexperts Automation.
Waga Energy (WAGA): Starts up biomethane unit in Iowa.
Drone Volt (ALDRV): Partnership with Ampacimon for automated DLR sensors.
Hoffmann Green Cement (ALHGR): New partnership with CNR Construction.
Ikonisys (ALIKO): Wins contract for its Cytofast cytology systems in Italy.
Groupe TERA (ALTER): Sells TERA Environnement & Toxilabo labs to CELNOR.
Cogra (ALCOG): Q1 2025/26 revenue: +16.5% to €9.9m, wood pellet market recovering.
Teract (TRACT): 2025 accounts: strong sales in gardening/pet and food divisions.
Fermentalg (FALG): Preparing for international expansion, strategic partnership with SIRIO for algal DHA.
Voyageurs du Monde (ALVDM): Strong H1 2025: revenue +9.8%, EBITDA +15.4%, positive 2025 outlook (+7% expected).
Company Results Expected Today
Cogra (ALCOG): Q1 2025/26 revenue published.
Fermentalg (FALG): Information on 2025/26 outlook.
Teract (TRACT): Consolidated annual accounts as of June 30, 2025.
Voyageurs du Monde (ALVDM): H1 2025 results disclosed.
Analyst Recommendations (French companies only)
**Recommendation Changes**
Upgrades
Rémy Cointreau (RCO) → Bernstein maintains Outperform, target raised to €74 (+€2).
Neutral
Arkema (AKE) → JP Morgan remains Neutral, target lowered to €55 (vs €65).
BNP Paribas (BNP) → Morgan Stanley remains at Equal Weight, target cut to €92 (vs €96).
Bonduelle (BON) → BNP Paribas Exane remains Neutral, target raised to €9 (vs €7.80).
Crédit Agricole (ACA) → Morgan Stanley remains at Equal Weight, target lowered to €19 (vs €20).
Sanofi (SAN) → Guggenheim remains Buy, target lowered to €101 (vs €104).
Scor (SCR) → Barclays remains at Equal Weight, target slightly raised to €29.40 (vs €29.10).
Euronext (ENX) → Jefferies remains Buy, target cut to €160 (vs €170).
Innate Pharma (IPH) → Goldman Sachs remains Neutral, target cut to €2.23 (vs €2.49).
Downgrades
No notable downgrades except for target adjustments with maintained recommendations.
Have a great trading day everyone!
Sylvain Mouilhaud: Stock Coach