Casino: Invest Securities downgrades rating.

(CercleFinance.com) - Invest Securities has downgraded its rating on Casino from "neutral" to "sell," cutting its target price from 47 euros to 45 euros, with the broker mentioning that the stock has seen a recovery on the stockmarket, having risen by 20% since the start of the year, albeit in a sector that is under pressure.


However, the broker's analysts stress that there are indeed risk factors, and that this regained momentum, associating a continuation in the recovery of France with revived results abroad, is far from being assured.

The analyst continues, saying that Casino remains unclear and unpredictable, making it more difficult to assess. This justifies a discount factor applied to a SOTP calculation, or a higher risk premium applied to the DCF model.


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