Verallia shares fell on the Paris Bourse on Friday, following a recommendation downgrade by Berenberg, which advises investors to be cautious about the sector ahead of the 2025 financial year.

In a note devoted to glass container manufacturers, the analyst points out that demand has not recovered as much as he had hoped over the first nine months of the year, leading to pressure on prices.

Earnings forecasts for the sector have been revised downwards by 20% to 30% since the start of the year, resulting in a similar fall in sector stocks", he explains.

Saying that it does not foresee a strong recovery in volumes in 2025, the intermediary downgrades its recommendation on Verallia from 'buy' to 'neutral', with a price target reduced from 36 to 30 euros, while maintaining its 'buy' recommendation on Spain's Vidrala.

In Paris, Verallia shares lost 2.4% around 9:30 a.m., posting one of the biggest declines on the SBF 120 index (-0.2%). The share price has fallen by more than 21% since the beginning of the year.

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