SES: Berenberg downgrades to sell
(CercleFinance.com) - Berenberg has downgraded its rating on the SES share from "hold" to "sell", with a target price of 6.
The analyst says that optimism based on forthcoming vaccines has resulted in the SES share price increasing, although says "we think the group's specifics are more relevant".
However, Berenberg expects sales and EBITDA to fall short of the consensus in 2021 and 2022, believing that "mobility in particular likely to disappoint".
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