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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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