(Boursier.com) — Great lost 0.5 to 88.3 euros at the start of the session on the Paris market. The news around the industrial group is marked by a note from RBC Capital which downgraded the file to ‘underperform’ by targeting 80 euros. The broker says the electrical appliance maker faces declines in several of its key end markets in 2024. As pricing tailwinds also begin to fade, there is a downside risk in the order of 5% for the consensus figures, according to the broker. The investment case is now “relatively less attractive” than others within RBC’s coverage.
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