Verallia: Stifel still buying after profit warning
(CercleFinance.com) - Stifel reiterates its 'buy' recommendation on Verallia, while reducing its target price from E51.
97 to E45, to reflect a reduction in its estimates and the lower peer multiples used in its valuation of the group.
Pointing out that the stock has fallen by almost 25% over the past month, largely following the earnings warning, the broker considers this selling wave 'exaggerated' and sees it as an opportunity to invest in a first-class glass packaging manufacturer.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
97 to E45, to reflect a reduction in its estimates and the lower peer multiples used in its valuation of the group.
Pointing out that the stock has fallen by almost 25% over the past month, largely following the earnings warning, the broker considers this selling wave 'exaggerated' and sees it as an opportunity to invest in a first-class glass packaging manufacturer.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.