CEVA Logistics: UBS downgrades 'buy' rating
(CercleFinance.com) - UBS has downgraded its rating on CEVA Logistics from "buy" to "neutral," while maintaining its target price at 32 Swiss francs, which implies upside potential of 9% for the logistics group.
"CEVA's share price is up by 60% since its trough," the broker points out, which hence considers that risks and return are “balanced,” and has therefore downgraded its rating on the share.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"CEVA's share price is up by 60% since its trough," the broker points out, which hence considers that risks and return are “balanced,” and has therefore downgraded its rating on the share.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.