Valneva gained over 3% on the Paris Bourse on Wednesday, buoyed by positive comments from Portzamparc on the eve of its nine-month results.

Analysts at Portzamparc announced this morning that they had added the stock to their 'High Five' list of preferred small and mid-caps, alongside Entech, Trigano, Vetoquinol and Wavestone.

In a note, the research firm cites "very good momentum" in sales of travel vaccines, and gives a 95% chance of a positive opinion from the US FDA on its chikungunya vaccine.

The research firm has issued a buy recommendation and a price target of 9.5 euros, suggesting a potential upside of 62%.

Valneva shares, up 16% over the past month, were up 3.3% around 11:30 a.m., the second-best performer in the SBF 120 index behind Fnac Darty.

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