Citi downgraded Leonardo (FINMY) to Neutral from Buy with a price target of EUR 48.40, up from EUR 28.40. The firm cites valuation for the downgrade following the recent share rally.
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Read More on FINMY:
- Airbus, Thales, Leonardo in talks with EU over satellite merger, Reuters says
- Leonardo downgraded to Neutral from Buy at UBS
- Leonardo price target raised to EUR 60 from EUR 35 at Morgan Stanley
- Leonardo price target raised to EUR 46 from EUR 36 at Deutsche Bank
- Leonardo initiated with a Buy at Jefferies
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