Esker SA downgraded to Hold from Buy at Berenberg

Berenberg analyst Gustav Froberg downgraded Esker SA to Hold from Buy with a price target of EUR 150, down from EUR 180. The analyst thinks “there are plenty of tech opportunities in Europe for those willing to take a closer look.” As valuations of U.S.-listed tech shares “look stretched and Europe heats up for summer,” now is a good time to look into mid-cap tech companies listed across the continent, the analyst tells investors in a research note.