BNP, BigBen, Bourbon, Carrefour, Fimalac, Lagardere: French Equity Preview
The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names. Share prices are from the last close.
Bic SA (BB FP): The maker of pens and shavers was rated “buy” in initiated coverage at BofA Merrill Lynch Global Research. The shares gained 0.3 percent to 54.35 euros.
Bigben Interactive SA (BIG FP): The French video game designer reported full-year net income of 11.9 million euros, down from 16.5 million euros a year earlier. The shares climbed 1.8 percent to 7.35 euros.
BNP Paribas SA (BNP FP): France’s largest bank was raised to “buy” from “hold” at Deutsche Bank AG. The shares rose 0.7 percent to 46.55 euros.
The brokerage cut its recommendation to “hold” from “buy” on Credit Agricole SA (ACA FP). The stock increased 0.9 percent to 9.40 euros.
Bourbon SA (GBB FP): The owner of the second-biggest fleet of supply and crew ships for the oil industry was raised to “buy” from “underperform” at BofA Merrill Lynch. The shares advanced 0.4 percent to 29.76 euros.
Carrefour SA (CA FP): The world’s second-largest retailer was raised to “buy” from “sell” at Royal Bank of Scotland Group Plc. The shares were little changed at 33.25 euros.
Electricite de France SA (EDF FP): The power generator is in talks with all its partners in China with a view to joint bids for tenders in other countries, French daily La Tribune reported, without citing anyone. The shares climbed 0.6 percent to 34.58 euros.
Fimalac SA (FIM FP): The financial services company that owns Fitch Ratings will report first-half earnings after the market close. The shares fell 0.7 percent to 33.54 euros.
Lagardere SCA (MMB FP): The publisher’s Hachette Livre unit has signed an agreement with Apple Inc. to distribute books via the iPad, La Tribune reported, without saying where it got the information. The shares dropped 0.9 percent to 26.32 euros.