Bouygues: Stifel on hold, cuts TP

(CercleFinance.com) - While maintaining its 'hold' recommendation on Bouygues shares, Stifel has lowered its corresponding target price from E36.
5 to E34, following the recent strategic reorientation of its subsidiary Bouygues Telecom.

Analysts believe that the share price could remain under pressure for some time yet, impacted by the resumption of aggressive pricing strategies in the French telecoms market, the broker says.


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