Correction overdone
We upgrade Lhyfe from Sell to Neutral, leaving our estimates unchanged and sticking to our EUR3.9 PT. We consider the market reaction to our sector note released at the beginning of the week was overdone. Manoeuvring in an early-stage market with a regulatory-led pace of development, and pragmastis
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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