SES: stock slips as broker cuts target price

(CercleFinance.com) - The share of satellite operator SES is down almost 1% on Tuesday, therefore underperforming the market, which is just above water, after comments made by Credit Suisse, which although maintaining its "outperform" rating the stock, has cut its target price from 12 euros to 10.
5 euros, which still represents significant upside potential.

The broker has cut its target "after updating for the recent Q220 results, the adverse US$/Euro FX move and more visibility on 2020 Covid-19 impacts".


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