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AkzoNobel: stock falls after UBS downgrade

(CercleFinance.com) - AkzoNobel shares fall 1.
4% on Euronext Amsterdam after UBS downgraded its rating to "neutral" from "buy", citing limited valuation upside.

"Over the last six months the shares have outperformed the sector by 4% and are close to an all-time high," UBS analysts say in a research note.

UBS has also cut its target price from 102 euros to 95 euros.

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