Worldline: Jefferies abandons its negative opinion

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(AOF) – Jefferies raised its opinion from Underperform to Hold and reduced its price target from 7.40 euros to 6.70 euros on Worldline. “Although the path to righting the ship will be strewn with pitfalls (further restructuring will likely be necessary), we believe the market has priced in most of the downside risks,” explains the broker. “The main focus is on the search for a new CEO, who will inherit the difficult task of restarting organic growth, while continuing to demonstrate relentless efficiency.”

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