Compass: Oddo confirms rating after CEO leaves group.

(CercleFinance.com) - Oddo BHF has confirmed its reduce rating on the Compass stock, along with its target price of 15.
5 pounds after the group announced the replacement of CEO Richard Cousins.

"Given the central role played by Richard Cousins over the past 11 years, and in particular the turnaround story that he implemented, this transition period may weigh on the stock's performance given the uncertainties, even though limited, that it raises," says Oddo BHF in its daily research report.

Analysts believe that Compass undeniably remains the "best-in-class" in its sector, although it is trading at a premium relative to peers, which is less and less justified.

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