The analyst maintains his 'Hold' rating on the stock, with a target price of E10.50. ' Outages at French retailers weigh on market sentiment, less so on short-term prospects ' says Jefferies.

' Les Echos reported that Worldline's French merchants have suffered two critical breakdowns in recent weeks, while partner Crédit Agricole provided a reassuring comment on the JV '.

' This news comes after the German Bafin recently banned Worldline from continuing to work with certain merchant groups in Germany. We see this negative news as further hardship for the markets, at a time when the focus is on recovery from the third-quarter profit warning. We remain cautious on Q4 and FY2024' adds Jefferies

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