Report
Loic Morvan ...
  • Paul Rouviere

Short-term visibility still too weak!

Following the recent Q3 sales release, we are more cautious in view of ongoing uncertainty due to a lack of visibility on the timing of a rebound in the US. We are more cautious on FY 2024-25 sales momentum and lower our earnings estimates by 7%. We leave our Neutral recommendation unchanged even i
Underlying
Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Loic Morvan

Paul Rouviere

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