(Updated with Stellantis, Richemont, ASML, BHP Group, EDF, Schneider, Safran)
* Change in futures on the CAC 40 0#FCE index:
* Change in Stoxx 600 0#FXXP index futures:
* Securities that are traded ex-dividend .EX.PA
* Update on European .EUFR markets
PARIS, January 19 (Reuters) – The stocks to follow on Wednesday on the Paris Stock Exchange and in Europe:
* STELLANTIS SLTA.PA STLA.MI – The group’s managing director, Carlos Tavares, wants to avoid plant closures in Europe but warns of the impact of the electrification of the automotive sector on the group’s competitiveness, a-t- he said in an interview published Tuesday on the Les Echos website. nL8N2TY5H8
* ASML HOLDING ASML.AS – The Dutch semiconductor manufacturing equipment group published quarterly net profit of 1.77 billion euros on Wednesday, better than expected, and said it expects 2022 to grow by 20% from its turnover.
* COMPAGNIE FINANCIÈRE RICHEMONT CFR.S published a turnover increase of 32% for the quarter to the end of December and higher by 38% than that of the same period of 2019, before the pandemic.
* BHP GROUP BHPB.L BHP.AX reported a 5% increase in iron ore production in the second quarter of its fiscal year.
* CREDIT SUISSE CSGN.S – Harris Associates, the banking group’s third largest shareholder with around 5% of the capital according to Refinitiv data, has lent its support to the new chairman, Axel Lehmann, the daily Tages-Anzeiger reported on Wednesday.
* SUEZ SEVI.PA, VEOLIA ENVIRONNEMENT VIE.PA – The board of directors of Suez declared on Tuesday evening that it had taken note of the success of the public offer initiated by Veolia and specified that it had appointed Sophie L’Hélias as its chairman and Sébastien Daziano as CEO. nFWN2TY1BN
* EDF EDF.PA – JP Morgan lowered its recommendation to “underweight” against “overweight” and reduced its price target from 14 to 7.60 euros.
* SCHNEIDER ELECTRIC SCHN.PA – RBC lowered its recommendation to “sector performance” against “outperformance” while raising its price target from 150 to 175 euros.
* SAFRAN SAF.PA – Morgan Stanley raised its recommendation to “online weighting” against “underweight” and raised its target price to 109 euros.
THE FRANCE & INTERNATIONAL 7-DAY AGENDA: nL8N2TX3MA
(Written by Claude Chendjou, edited by Sophie Louet)