Valeo falls after forecast cut, lower Q3 sales

** Shares in French car parts supplier Valeo VLOF.PA fell 12.4%, after it implicitly narrowed down forecasts, posted lower yoy sales

** "The group has implicitly revised down its forecasts for margins and FCF," TP ICAP Midcap analysts flagged

** It now targets H2 figures to be equivalent to H1, compared with "at least equivalent" previously

** Q3 sales fell 2.6% like-for-like to €4.88 billion ($5.47 billion), compared with €4.93 billion in a company consensus

** Shares are on track for their worst day since November 2025, if losses hold

($1 = 0.8925 euros)