(Boursier.com) — Euphoric in recent sessions, L’Oreal fell 1.2% to 412.2 euros at the start of the day in Paris. Blame it on Deutsche Bank, which downgraded the file to ‘keep’ by maintaining its target at 410 euros. The bank puts forward a valuation that now largely takes into account the recovery in China and its ‘defensive’ status. The DB nevertheless still appreciates L’Oréal, which it considers “a long-term structural outperformer”.
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