Bic: UBS downgrades stock

(CercleFinance.com) - UBS has downgraded Bic shares from 'buy' to 'neutral', despite raising its target price for them from E70 to E74, a new target that leaves them with upside potential of 7% for the stock of the supplier of disposable consumer products.


In its summary, the broker justifies its downgrade "despite improved mid-term operational performance thanks to Horizon plan, we see a number of headwinds in the near-term".


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