Societe Generale
Upgrade grade
D
Downgrade grade
D
Société Générale, founded in 1864 in France, is one of Europe's largest banking groups with a significant global investment banking and equities research presence spanning multiple continents. The firm maintains substantial scale with major operating centers in Paris, London, New York, and Tokyo, and has established itself as a credible voice in equity research with approximately 423 analyst rating calls covering US equities in our database. Their research teams are particularly known for deep expertise in European equities and cross-border financial institutions, though they maintain broad sector coverage including industrials, technology, and consumer goods. Distinctive to Société Générale's research culture is their reputation for thorough macroeconomic integration into equity analysis, often positioning their research at the intersection of global market trends and fundamental company valuations, which reflects their heritage as a full-service bank with strong institutional client relationships across Europe and beyond.
Upgrades
135
61.48% win rate
· avg +0.66% D1
Downgrades
143
67.83% win rate
· avg -1.25% D1
Avg Gap — Upgrades
+0.88%
open vs prev close
Avg Gap — Downgrades
-0.92%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Energy | 71.43% (42) | +0.74% | 73.17% (41) | -1.02% |
| Consumer Defensive | 48.00% (25) | +0.37% | 48.00% (25) | +0.13% |
| Technology | 48.00% (25) | +0.43% | 78.95% (19) | -2.53% |
| Financial Services | 46.15% (13) | -0.02% | 58.82% (17) | -0.79% |
| Basic Materials | — | — | 76.92% (13) | -2.69% |
| Healthcare | — | — | 84.62% (13) | -2.49% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2020 | 58.8% | 17 | — | — |
| 2018 | 45.5% | 11 | 57.1% | 14 |
| 2017 | 57.1% | 14 | 50.0% | 12 |
| 2016 | — | — | 75.0% | 24 |
| 2015 | 50.0% | 10 | 90.9% | 11 |
| 2014 | 60.0% | 15 | 61.5% | 13 |
| 2013 | 75.0% | 24 | 56.0% | 25 |
| 2012 | 58.8% | 17 | — | — |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| Mar 11, 2024 | MRK | Merck & Co., Inc. | Healthcare | Downgrade | Hold → Sell | — | +0.9% | -0.6% |
| Feb 13, 2024 | PM | Philip Morris International Inc. | Consumer Defensive | Upgrade | Sell → Hold | — | -0.5% | -0.9% |
| Feb 7, 2024 | IHG | InterContinental Hotels Group PLC | Consumer Cyclical | Downgrade | Buy → Hold | — | -1.0% | -0.5% |
| Jan 5, 2024 | CTSH | Cognizant Technology Solutions Corporation | Technology | Downgrade | Hold → Sell | — | -1.1% | -1.0% |
| Jan 5, 2024 | IBM | International Business Machines Corporation | Technology | Downgrade | Hold → Sell | — | -0.6% | -1.1% |
| Nov 28, 2023 | MS | Morgan Stanley | Financial Services | Downgrade | Buy → Hold | — | -0.8% | -1.4% |
| Jul 10, 2023 | DB | Deutsche Bank AG | Financial Services | Downgrade | Buy → Hold | — | +0.6% | +0.9% |
| Jul 10, 2023 | GS | The Goldman Sachs Group, Inc. | Financial Services | Downgrade | Buy → Hold | — | +0.5% | +0.4% |
| Jul 10, 2023 | JPM | JPMorgan Chase & Co. | Financial Services | Downgrade | Buy → Hold | — | +0.1% | +0.6% |
| Jul 7, 2023 | ACN | Accenture plc | Technology | Maintains | Buy → Buy | — | -0.4% | -0.7% |
| Jun 1, 2023 | CRM | Salesforce, Inc. | Technology | Downgrade | Buy → Hold | — | -6.8% | -4.7% |
| Apr 26, 2023 | CCEP | Coca-Cola Europacific Partners PLC | Consumer Defensive | Upgrade | Sell → Hold | — | +0.5% | +1.2% |
| Apr 5, 2023 | COP | ConocoPhillips | Energy | Upgrade | Sell → Hold | — | +0.6% | +1.4% |
| Feb 16, 2023 | LLY | Eli Lilly and Company | Healthcare | Downgrade | Hold → Sell | — | -1.2% | -2.7% |
| Jan 12, 2023 | APD | Air Products and Chemicals, Inc. | Basic Materials | Downgrade | Buy → Hold | — | +0.0% | -0.8% |
| Nov 30, 2022 | NFLX | Netflix, Inc. | Communication Services | Maintains | Sell → Sell | — | +0.1% | +8.7% |
| Nov 30, 2022 | GOOG | Alphabet Inc. | Communication Services | Maintains | Buy → Buy | — | -0.3% | +6.3% |
| Nov 30, 2022 | GOOGL | Alphabet Inc. | Communication Services | Maintains | Buy → Buy | — | -0.4% | +6.1% |
| Nov 21, 2022 | COP | ConocoPhillips | Energy | Downgrade | Hold → Sell | — | -2.8% | -2.4% |
| Nov 17, 2022 | ALC | Alcon Inc. | Healthcare | Downgrade | Hold → Sell | — | -2.8% | -2.3% |
| Nov 15, 2022 | NGG | National Grid plc | Utilities | Upgrade | Hold → Buy | — | +1.7% | +0.5% |
| Nov 9, 2022 | IFF | International Flavors & Fragrances Inc. | Basic Materials | Maintains | Buy → Buy | — | -1.1% | +0.2% |
| Nov 8, 2022 | ABBV | AbbVie Inc. | Healthcare | Downgrade | Buy → Hold | — | +0.5% | +0.3% |
| Nov 3, 2022 | CTSH | Cognizant Technology Solutions Corporation | Technology | Downgrade | Buy → Hold | — | -13.5% | -13.8% |
| Oct 17, 2022 | LIN | Linde plc | Basic Materials | Maintains | Buy → Buy | — | +2.1% | +2.0% |