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Esker: plunge with broker downgrade – 01/19/2023 at 14:55


(CercleFinance.com) – Esker plunged nearly 9% against the backdrop of a downgrading of Stifel’s recommendation from ‘buy’ to ‘hold’, despite a price target raised from 155 to 175 euros, the broker stressing that the stock is already trading at more than 50 times the EPS expected for 2023.

If after solid 2022 figures, it downgrades its position in the absence of a new catalyst, Stifel believes that the stock still has the potential to double in the next three to five years, pointing to an ‘exceptional growth / quality ratio’.



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