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PARIS, March 14 (Reuters) – Stocks to watch on Monday at the Paris Stock Exchange and across Europe, where index futures suggest a sharply higher open:
* EDF EDF.PA announced on Monday that it had revised upwards the estimate of the negative impact on its 2022 results of its drop in production as well as government measures raising the volume of nuclear electricity that the group must sell at a reduced price to its competitors. nL5N2VH174
* TOTALENERGIES TTEF.PA – Activist investor Clearway Capital has sent a letter to the board of TotalEnergies calling on the French oil and gas giant to cease operations in Russia following the invasion of Ukraine, or to submit this proposal to the vote of the shareholders at the next general meeting. nL5N2VE52X
* SANOFI SASY.PA announced on Monday that amcenestrant, a breast cancer treatment, had failed to achieve its primary objective in a phase II trial but that other trials were continuing. (The release: nGNE93Bg4K)
* ORPEA ORP.PA published on Friday an annual turnover up 5.1% in organic data, to 4.285 billion euros, and a gross operating surplus before rents (Ebitdar) to 1.068 billion euros , representing a margin of 24.9% on 2021 turnover. nFWN2VE0LS The group, questioned by a book published at the end of January, declared that 150 of its establishments had since been subject to administrative inspections. nL5N2VE5OU
* TELECOM ITALIA TLIT.MI announced on Sunday evening the forthcoming opening of formal discussions with the American private equity group KKR KKR.N in order to assess its takeover offer of 10.8 billion euros.
* VOLKSWAGEN VOWG_p.DE, Europe’s number one car manufacturer, warned on Friday that its annual results could suffer from the effects of the conflict in Ukraine, while announcing a doubling of its operating profit for the 2021 financial year. nL5N2VE5OZ The action gained 4% in trades before the Frankfurt Stock Exchange.
* SAFRAN SAF.PA – The French aeronautical equipment manufacturer has ceased all its activities in Russia following Western sanctions against Moscow, reports the Wall Street Journal.
* DEUTSCHE BANK DBKGn.DE – The German bank, criticized by some investors and politicians for maintaining ties with Russia, unexpectedly announced on Friday the gradual cessation of its activities in the country. COMMERZBANK CBKG.DE immediately announced a similar decision.
* LONDON STOCK EXCHANGE LSEG.L announced on Friday that it was suspending all products and services for all customers in Russia.
* CRÉDIT AGRICOLE CAGR.PA – JPMorgan lowers its recommendation to “neutral” against “overweight” and its price target at 12.50 euros against 15 euros.
* PUBLICIS PUBP.PA – Barclays lowers its recommendation to “online weighting” against “overweight” and reduces its price target from 78.50 to 65 euros.
* DANONE DANO.PA – Bernstein raises its recommendation to “outperformance” against “market performance” and its price target at 56 euros against 54 euros.
* SMCP SMCP.PA – Goldman Sachs raises its recommendation to “neutral” against “sell” and raises its price target from 6.30 to 8.30 euros.
(Written by Claude Chendjou and Jean-Stéphane Brosse)
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