Stocks on the Rise

Adyen (+5%): The Dutch payments specialist is climbing after announcing a definitive agreement to acquire Orb, a U.S. enterprise billing platform, for $335m. The transaction will be fully funded by the group's available cash reserves.

Aeroports de Paris (+4%): The operator of the Parisian airports is advancing following a slight price target increase from Barclays. The bank maintained its overweight rating and raised its target from €134 to €135.

Volkswagen (+3%): The automaker is capitalizing on the successful launch of Germany's new electric vehicle subsidy program. More than 51,000 applications were filed in just three weeks. The incentive, which can reach up to €6,000, is expected to bolster domestic demand. Porsche (+2%), Mercedes-Benz (+2%), and BMW (+2%) are also benefiting from the trend.

Nokia OYJ (+3%): The Finnish network group is cheering a significant price target hike from JP Morgan, which raised its target from €12 to €18, a 50% increase. The move reflects renewed analyst confidence in the outlook for the telecom infrastructure specialist.

Safran (+3%): The French aerospace equipment manufacturer is gaining ground following a research note published this morning by Berenberg. Analyst George McWhirter reiterated his buy recommendation on the stock, maintaining a price target of €355.

Stocks on the Decline

Exail (-16%): The French specialist in navigation and autonomous systems is suffering from the revelation of a valuation dispute with its financial partner ICG regarding the group's refinancing. While Exail estimates the buyout of the stake at approximately €710m, ICG's valuation brings the cost to nearly €1.1bn, a discrepancy that could significantly increase financing requirements.

BP PLC (-3%): The British oil giant was hit by a note from RBC Capital highlighting the need for strategic clarity and the achievement of medium-term objectives, amid ongoing turbulence within its board of directors.

TotalEnergies (-3%): The French energy major is retreating after Brent crude fell more than 4% to $89 per barrel. The drop was triggered late yesterday by statements from Donald Trump suggesting the possible imminent signing of a peace agreement with Iran and the reopening of the Strait of Hormuz. The prospect of geopolitical de-escalation in the Middle East is easing fears of supply disruptions, weighing on all oil-related stocks. Viridien is down 3% and Maurel & Prom has shed 4%. Meanwhile, Shell is down 2%, despite the group securing a license in Venezuela for gas exploration.

X-fab Silicon Foundries (-2%): The specialty semiconductor foundry is struggling following a recommendation from KBC Securities. The firm downgraded the stock from hold to reduce, even as it raised its price target from €6 to €8, which remains below the current share price.