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PARIS, January 25 (Reuters) – The stocks to follow on Tuesday on the Paris Stock Exchange and in Europe:
* STELLANTIS STLA.PA STLA.MI – The car manufacturer announced Monday evening the creation of a third team in the Mulhouse factory (Haut-Rhin), where the new Peugeot 308 is produced, which will result in the creation of 850 jobs, reports the daily Les Echos, citing a joint press release from the FO, CFTC and CFE-CGC unions.
* RÉMY COINTREAU RCOP.PA on Tuesday confirmed its financial objectives for the current financial year after having seen its turnover increase by 21% in organic data in the third quarter. nS8N2RV0B1
* ORPEA ORP.PA – The operator of retirement homes, whose action was suspended on the Paris Stock Exchange on Monday at its request and pending a press release, said in the evening that it rejected all the accusations contained in a forthcoming book, excerpts of which have been published by the daily Le Monde. The group added that it had contacted its lawyers for possible legal action. nP6N2SH023
* INTERPARFUMS IPAR.PA published on Tuesday an annual turnover up 52.7% and confirmed to target an operating margin of 15% for 2022, against 17% expected for 2021.
* ERICSSON ERICb.ST on Tuesday reported quarterly adjusted operating profit above financial analysts’ estimates, as sales of equipment for 5G networks more than offset market share losses in China. nL8N2U5133
* CREDIT SUISSE CSGN.S warned on Tuesday that it is likely to post a net loss in the fourth quarter due to litigation provisions and a slowdown in trading and wealth management activities. The title is indicated down 0.8% by Julius Baer. nL8N2U5122
* UNICREDIT CRDI.MI has received half a dozen firm offers to buy out parts of its leasing business, we learned from two sources familiar with the matter.
* SWATCH GROUP CSGN.S – The Swiss watch group has announced that it has returned to profit in 2021 and says it expects double-digit sales growth in local currencies this year. nL8N2U514K The action is indicated up 2.9% in pre-market.
* LOGITECH LOGN.S reported a 2% drop in revenue in the third quarter of its staggered fiscal year but raised its annual forecast. The title gains 7.7% in pre-market according to Julius Baer.
* SANOFI SASY.PA – Liberum raised its recommendation to “buy” against “hold” with a target price of 109 euros.
* AMUNDI AMUN.PA – Credit Suisse begins monitoring the value with a “neutral” recommendation and a target price of 78 euros.
* UPDATE on changes in recommendations in Paris: nL8N2U513I
(Written by Claude Chendjou and Marc Angrand, edited by Blandine Hénault)