OVHcloud: Stifel says 'sell'.

(CercleFinance.com) - Stifel announced on Monday that it had downgraded OVHcloud shares from 'hold' to 'sell', advising investors to tender their shares to the proposed public stock buyback tender offer (OPRA) filed by the technology group.


The broker considers the proposed price of E9 per share to be 'fair', especially as it says that it does not expect the news surrounding the company to be particularly favourable over the coming months.

In its opinion, the share could underperform in the coming months due to reduced liquidity, rising debt and risks linked to governance issues.

The broker also anticipates further losses for the cloud specialist in H1.

The broker therefore recommends investors tender shares to the offer, which is due to begin on 10 December.


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