Bureau Veritas: Credit Suisse drops buy rating

(CercleFinance.com) - The Bureau Veritas share is down almost 3% on the Paris Stock Exchange in a market that is up slightly, after Credit Suisse downgraded its rating on the stock.


The influential broker has downgraded its buy rating on the stock ("outperformance") to neutral, while trimming its target price from 24 euros to 23.5 euros.

Analysts expect a slowdown in organic growth in the second half of 2018, in particular due to a comparison basis that will become more difficult in the mining sector, while the US-China trade war will impact the consumer goods sector. FX factors should also weigh on the group's accounts - both in 2018 and 2019.



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