Confidence Vote Announcement: French Prime Minister Francois Bayrou plans to seek a confidence vote from parliament on September 8 to gain support for a €44 billion austerity package in the 2026 budget.
Opposition Rejection: The three main opposition parties, including the National Rally, Greens, and Socialist Party, have stated they will not support the confidence vote, potentially threatening Bayrou's minority government.
Market Reaction: The announcement led to a significant sell-off in French equities, particularly affecting banks and construction companies, with major losses reported for firms like Société Générale and BNP Paribas.
Broader Market Impact: European markets opened lower amid rising political risks in France, reflecting concerns over the government's ability to implement fiscal measures effectively.
Wall Street analysts forecast FEZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FEZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast FEZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FEZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 66.360
Low
Averages
High
Current: 66.360
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
