(AOF) – Citi went from Neutral to Sell on Legrand shares, with a price target lowered to 82 euros. According to the broker, “it is increasingly likely that the majority of the group’s markets will contract in 2024, in particular the building market in Europe”. Citi lowered its adjusted operating profit (Ebit) target for Legrand in 2024, which comes out around 10% lower than the consensus.
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