Worldline upgraded to Hold from Underperform at Jefferies

Jefferies upgraded Worldline to Hold from Underperform with a price target of EUR 6.70, down from EUR 7.40. Following a deep dive into Worldline’s leverage and liquidity, the firm believes the company has a “long rocky path ahead,” but believes the downside is mostly priced in. Jefferies added that its focus is Worldline’s search for a new CEO, who will be tasked with “igniting organic growth, while continuing to drive relentless efficiency.”