Faurecia: Jefferies downgrades stock
(CercleFinance.com) - Broker Jefferies has downgraded its “hold” rating on the Faurecia stock to "underperform," cutting its target price for the share from 68 euros to 60 euros, thinking that the share's valuation has caught up with the group's operating performance.
Jefferies sees a declining risk-return profile, while Faurecia is trading at a premium relative to its peers on ambitious 2020 targets that are expected to be presented at group's Investor Day in May.
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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.
Jefferies sees a declining risk-return profile, while Faurecia is trading at a premium relative to its peers on ambitious 2020 targets that are expected to be presented at group's Investor Day in May.
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.