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GL Events: Mainfirst stays on 'buy', reduces target

( - Mainfirst reaffirms its 'buy' recommendation for GL Events with a price target reduced to 10 euros, the day after the announcement of a rebound in third-quarter revenues, yet still down approximately 60% year-on-year.

The analyst points out that since the half-yearly results were unveiled on 16 September, the outlook continued to worsen, underlining that business in September was affected by cancellations reflecting new government restrictions.

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