CAC 40 Climbs Higher as Technology and Luxury Shares Advance
The French benchmark rose Wednesday, tracking gains in other European markets after ASML's upbeat earnings update. STMicroelectronics and luxury stocks helped lift the index.
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ASML Earnings Lift European Shares and Technology Stocks
European shares rose on Wednesday, recovering from modest losses in the previous session, as ASML earnings boosted technology stocks and market sentiment.
Bank of America lifts Soitec on margin outlook
Bank of America analysts raised Soitec to buy from neutral, saying photonics should significantly expand the French semiconductor-materials maker's gross margin over the coming years. They see gross margin rising to 29% in fiscal 2027, 39% in fiscal 2028 and 44% in fiscal 2029.
Citi sees Novo Nordisk sales slightly above consensus
Citi said Novo Nordisk's third-quarter sales could come in 1% above consensus, helped by a strong Wegovy pill launch in the U.K. The bank cut its target price to 296 kroner from 310 kroner and kept a neutral rating.