Douglas price target lowered to EUR 14 from EUR 16 at Jefferies

Jefferies lowered the firm’s price target on Douglas (DOUDF) to EUR 14 from EUR 16 and keeps a Buy rating on the shares. The firm lowered sales and adjusted EBITDA forecasts by 1%-3% over the next three years to reflect weak consumer sentiment, continued pricing pressure, and the closure of 10 Parfumdreams stores, the analyst tells investors.