Goldman Sachs Upgrades Veolia Environnement (VE) to Buy, Sees Risks to the Upside

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Get Alerts VE Hot Sheet

Price: $18.01 --0%

Rating Summary:
5 Buy, 5 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26

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Goldman Sachs upgraded Veolia Environnement (NYSE: VE) from Neutral to Buy with a EUR10.90 price target.

"We believe the 22% underperformance vs. the sector over the last three months has shifted risks to the upside for Veolia's shares on the potential for delivery from its restructuring," the firm comments. "While Veolia is operating in very difficult European waste and water markets, we believe it has significant restructuring upside."

For an analyst ratings summary and ratings history on Veolia Environnement click here. For more ratings news on Veolia Environnement click here.

Shares of Veolia Environnement closed at $10.05 yesterday.

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