Brean Murray Carret & Co. Downgrades Veolia Environnement (VE) to Hold; Dimishing Outlook

Brean Murray Carret & Co. downgraded Veolia Environnement (NYSE: VE) from Buy to Hold. (Suspends Target Price)

Brean analyst says, "VE's 1H11 did not meet expectations, as problems across multiple regions outside of France led to significant write-downs. Additionally, the company announced further restructurings of operations (more cost reductions, paring operations to less than 40 countries versus the current 80), while signaling a change in dividend policy."

For more ratings news on Veolia Environnement click here and for the rating history of Veolia Environnement click here.

Shares of Veolia Environnement closed at $15.99 yesterday.

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