VETOQUINOL : Stifel downgrades its recommendation
Given the strong outperformance of the share price since the last quarter of 2023 (+38% between October 1 and today, compared with +3% for the CAC Mid&Small), our price target no longer offers any upside potential", it explains.
Stifel is lowering its estimates for 2023 and 2024 (-1% and -3% respectively on EPS) 'to reflect the latest business update and comments from peers on pricing power under pressure in the sector'.
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