Jefferies analyst Zach Ho downgraded Veolia Environment (VEOEY) to Underperform from Hold with a price target of EUR 25, down from EUR 31. The firm says its scenario analysis sees downside risk to earnings amid the challenging macro environment. Veolia needs a change in strategy to unlock value, the analyst tells investors in a research note.
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Read More on VEOEY:
- Cautious Outlook on Veolia Environnement Amid Economic Risks and Strategic Complexity
- Veolia Environment downgraded to Sell from Neutral at Citi
- Veolia Environment price target raised to EUR 36 from EUR 35 at Morgan Stanley
- Veolia Environment initiated with an Outperform at Bernstein
- Veolia’s 2024 Earnings Call: Strong Growth and Strategic Plans
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