Report
Aurelien Deside ...
  • Paul Charpentier

Most bad news priced in

In a sector note we review the macroeconomic and sector-specific headwinds faced by the payment industry. We also take the opportunity to revise our numbers on Worldline. We turn Neutral (from Sell) on the French name as the October profit warning reset expectations to a reasonable level. Our PT mo
Underlying
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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
Aurelien Deside

Paul Charpentier

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