(Boursier.com) — In a once again very nervous market, Veolia yields 1.4% to 21 euros. Citi started tracking the stock with a ‘neutral’ rating and 21 euros in sight. The bank says the health of the economy will likely overshadow the environmental services company’s earnings growth, which will ultimately weigh on the stock. Citi points out that the market has so far been ruthless towards Veolia and needs to see evidence of economic resilience. An external growth strategy could help support the objectives.
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