Elis: Credit Suisse cuts target price due to COVID-19

(CercleFinance.com) - On Thursday a Credit Suisse analyst announced cutting the broker's target price for the share of industrial cleaning and hygeine group Elis.


Given the systemic crisis relating to the coronavirus pandemic, it has slashed its target price from 18.90 euros to 9.25 euros.

However, Credit Suisse maintains its "Outperform" rating, considering the share's valuation and operational improvements in key business areas.


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