(CercleFinance.com) – Stifel downgrades its recommendation on Freelance.com from ‘buy’ to ‘hold’, believing that its target price, lowered from eight to 7.20 euros, leaves a potential upside of 12% ‘too modest for a thinly traded stock’.
After the company’s activity update, the broker believes that we are heading for a stronger slowdown in 2023 than initially estimated, which leads it to further reduce its forecasts, by 4% on revenues and 17 % on EPS for 2023.
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