L'Oréal: share price falls, UBS no longer buys
UBS believes it is time to take a break on the stock. The analyst changes his rating to Neutral (from Buy) and lowers his target price to E475 (from E495), which represents a potential upside of 8% from the current price.
' A significant revaluation over the past 12 months and high consensus expectations signal a slight upside from current levels ' says UBS.
Nicolas Hieronimus, L'Oréal's Chief Executive Officer, had said: ' In an uncertain economic and geopolitical environment, we remain confident in our ability to outperform the market and achieve another year of sales and earnings growth in 2023. '
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Go to the original article.
Contact us to request a correction