PREOPEN CAC 40: 7686 points (+0.43%)
European markets are expected to open in positive territory, rebounding after a tough session on Tuesday marked by bond yield tensions. Investors are also awaiting final private sector figures in Europe.
Key Stocks of the Day
Valneva (VLA): Positive data on Lyme disease vaccine candidate after the third booster dose. A key step for the only phase 3 vaccine for this disease in Europe and the USA.
Derichebourg (DBG): Earnings warning following US tariffs—downward pressure expected on the stock at the open.
Arkema (AKE): Successful placement of €500M in green bonds maturing in 2032, 3.5% coupon.
Scor (SCR): Issuance of €500M in subordinated securities with a mixed rate (4.522% then variable).
Pluxee (ex-Sodexo Benefits): Completion of the acquisition of Belgian Skipr, a mobility solutions specialist.
Eurofins Scientific (ERF): Completion of the acquisition of several sites owned by related parties.
Vivendi (VIV): Canal+ negotiating to take control of UGC.
Eramet (ERA): Abel Martins-Alexandre appointed as Chief Financial Officer.
ArcelorMittal (MT): Closing its long steel plants in South Africa.
Michelin (ML): Calls on Brussels to toughen tire wear testing.
Metavisio (MLMV): €1M capital increase through the issuance of 100M shares at €0.01. Goal: deleveraging and buyback of ORA.
Corporate Results Expected Today
Boiron (BOI) – Q2 2025 Results (expected)
Figeac Aéro (FGA) – Q1 2026 Activity
Sogeclair (SOG) – Q2 2025 Results
Analyst Recommendations (French companies only)
**Changes in recommendation**
Upgraded
Rémy Cointreau (RCO) → Buy maintained, target raised from €65 to €68
Safran (SAF) → Target raised from €235 to €305, maintained at market weight
Neutral
Sodexo (SW) → Maintained at market weight, target lowered from €61 to €59
Edenred (EDEN) → Overweight confirmed, but target lowered from €48 to €42
Hermès (RMS) → Overweight confirmed, target adjusted from €2640 to €2510
Downgraded
No French companies downgraded today.
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Have a great session everyone!
Sylvain Mouilhaud: Stock coach.
