EUROAPI : Deutsche Bank downgrades to 'sell
In their note, analysts say they are disappointed by last week's strategic presentation and the lack of more specific details concerning cost reductions, sources of financing and medium-term objectives.
Overall, it appears that operational visibility remains low", worries the research department, which estimates that the reorganization and investments in progress could require an additional need for funds of around 70 million euros between now and 2027, probably via recourse to dilutive financing tools, warns the research department.
On the basis of these elements, Deutsche Bank says it expects the stock to underperform.
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