Jefferies analyst Zach Ho has revised his stance on Veolia Environment (VEOEY), downgrading the stock from a Hold to an Underperform rating. This shift comes with a reduced price target of EUR 25, down from the previous target of EUR 31.
The decision stems from concerns over potential downside risks to earnings, influenced by the current challenging macroeconomic environment. Ho suggests that Veolia might need to adapt its strategy in order to enhance its value for investors.
