France’s CAC 40 Index fell for the first day in three, losing 0.3 percent to 3,868.54 at the 5:30 p.m. close in Paris. The gauge gained 1.1 percent this week. The SBF 120 Index slid 0.2 percent to 2,884.46 today.
The following shares rose or fell in the French capital. Stock symbols are in parentheses.
Accor SA (AC FP) surged 2.8 percent to 29.53 euros, a first gain in four days. Europe’s biggest hotel group had its price estimate increased to 34 euros from 33 euros at Citigroup Inc. The brokerage said in a note it sees “increased scope for cash returns,” and reiterated a “buy” recommendation.
Air France-KLM Group (AF FP) rose for a second day, gaining 1.5 percent to 13.05 euros. Deutsche Bank AG upgraded Europe’s largest airline to “buy” from “hold,” saying in a note that “the transatlantic JV with Delta is under-appreciated by the market.”
Alcatel-Lucent SA (ALU FP), France’s biggest mobile wireless network maker, gained 1.8 percent to 2.64 euros as technology shares were among the best performers in Europe, led by Ericsson AB. The Swedish company, which is the world’s biggest maker of wireless networks, reported third-quarter net income that beat analyst estimates. STMicroelectronics NV (STM FP), Europe’s biggest chipmaker, increased 2 percent to 5.8 euros, a third consecutive gain.
BioMerieux SA (BIM FP) sank 4.5 percent to 70.48 euros, the biggest loss in three months. The company cut its full-year sales growth target for the second time in three months, citing difficult health-care markets in western Europe and North America.
Boiron SA (BOI FP) climbed 4.5 percent to 27.49 euros, the highest level since August. CA Cheuvreux SA upgraded the maker of homeopathic drugs to “outperform” from “underperform,” citing “very strong third-quarter sales.”
Cie. de Saint-Gobain SA (SGO FP) retreated 3 percent to 34.61 euros, ending two days of gains. Natixis Securities, which has a “buy” rating on the stock, trimmed its 2010 to 2012 earnings-per-share estimates by 6 percent on average. “The revision for 2010 is mainly due to interest expense following the recent refinancing transactions,” the brokerage said in a note.
Essilor International SA (EI FP) fell for the third day this week, losing 1.9 percent to 48 euros. Kepler Capital Markets reiterated a “reduce” rating on the world’s largest maker of eyeglass lenses, citing an “uninspiring quarter” with “no organic acceleration.”
The company confirmed its full-year targets as third-quarter sales rose 21 percent to 977 million euros.
Lafarge SA (LG FP) retreated 1.5 percent to 42.34 euros, snapping a three-day increase. Natixis Securities cut its price estimate on the world’s largest cement market to 42 euros from 45 euros.
L’Oreal SA (OR FP) lost 1.9 percent to 85.74 euros, falling from the highest level since January 2008. Nestle SA Chief Executive Officer Paul Bulcke said the Swiss food company is “sticking to the status quo” in its relation with the French cosmetics maker in which it owns a stake.
Mercialys SA (MERY FP) dropped for a fourth day, losing 2.7 percent to 29.12 euros. The real-estate investment trust controlled by retailer Casino Guichard-Perrachon SA was downgraded to “neutral” from “buy” at Goldman Sachs Group Inc.
Remy Cointreau SA (RCO FP) retreated for a second day, falling 2.4 percent to 48.69 euros. Evolution Securities Ltd. downgraded France’s second-largest liquor company to “neutral” from “buy,” citing the stock’s increase since March.
Sechilienne-Sidec (SECH FP) advanced 1.7 percent to 21.86 euros, the highest price since Aug. 10. The alternative-energy producer reported third-quarter sales of 87.1 million euros ($121.2 million), compared with 63.1 million euros a year earlier.
Unibail-Rodamco SE (UL FP) fell 1.6 percent to 153.1 euros, snapping five days of gains. Goldman Sachs removed Europe’s biggest publicly traded real-estate company from its “conviction buy” list, while keeping a “buy” rating.
Valeo SA (FR FP) surged 11 percent to 39.7 euros, the highest level in three years and the biggest jump since October 2008. France’s second-largest auto-parts supplier raised its operating-margin forecast after reporting third-quarter sales that climbed 22 percent. The operating margin in the second half and full year will beat the first-half figure of 6.1 percent, Chief Executive Officer Jacques Andre Aschenbroich said.
Shares of carmakers PSA Peugeot Citroen (UG FP) and Renault SA (RNO FP) gained 2.8 percent to 29.6 euros and 2.4 percent to 42.71 euros, respectively.