Kepler Cheuvreux downgraded Worldline (WRDLY) to Reduce from Hold with a price target of EUR 1.10, down from EUR 2.70. The company’s capital increase in Q1 is likely to continue weighing on shares, the analyst tells investors in a research note.
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Read More on WRDLY:
- Worldline price target lowered to EUR 4 from EUR 8 at Berenberg
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- Shift4 in exclusive talks to acquire Worldline’s North American units
- Neutral Outlook on Worldline Amid Anticipated Q3 Challenges and Strategic Insights Expected at Capital Markets Day
- Worldline downgraded to Underweight from Equal Weight at Morgan Stanley
