(Boursier.com) — Euronext fell further by 0.7% to 67 euros, while analysts continue to adjust in the wake of its quarterly point. It’s Morgan Stanley’s turn to lower the target from 88.4 to 81.3 euros with an ‘online weighting’ notice. The stock market operator reported adjusted net income of 147.1 million euros, down 10.6%, the second best quarter ever recorded after a record Q1 2022, for a turnover of 372.3 million euros, down 5.9%. The deleveraging trajectory continued with net debt to reported EBITDA at 2.4x at the end of the quarter, compared to 2.6x at the end of Q4 2022. The objectives were confirmed…
“We delivered a solid performance in the first quarter of 2023 despite a first quarter of 2022 marked by unprecedented volume volatility due to geopolitical events resulting in a solid basis for comparison,” the group said. For Morgan Stanley, Ebitda beat expectations thanks to cost management, but revenue came out broadly in line, while spot trading was around 3% lower on lower fee margins. Over the week, the value fell by more than 5%…
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