(CercleFinance.com) – Icade suffered one of the biggest falls in the SBF 120 on Monday on the Paris Stock Exchange, the real estate developer’s title being penalized by a note from Deutsche Bank which revised its target on the title sharply downward.
If it reiterates its ‘hold’ recommendation on the value, the research office sharply reduces its price target, from 32 to 24 euros.
Around 12:20 p.m., Icade shares dropped around 3.5%, the third worst performance of the SBF.
Due to a market environment considered uncertain, the stock has lost more than 34% since the start of the year, despite the presentation last month of a plan considered promising by analysts.