Elis: stock hit, with an analyst's double downgrade
(CercleFinance.com) - The share of industrial laundry group Elis is one of the biggest losers in the SBF 120 on Monday morning, after Credit Suisse downgraded its rating on the share.
The broker has downgraded its rating on the stock directly from "outperform" to "underperform," citing its high debt levels and its exposure to the travel and leisure sector, two factors that are likely to weigh on the group's valuation during the crisis.
As such, its share price is currently down 3.9%, largely underperforming the SBF 120 (down less than 0.5%).
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