Goldman Sachs Downgrades Veolia Environnement (VE) to Neutral
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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
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 downgraded Veolia Environnement (NYSE: VE) from Buy to Neutral with a price target of EUR 20.50 following a 2011 profit outlook downgrade.
The firm cut 2011-13E EBIT by 5%-13% and net income by 11%-23% to reflect lower profits expected in several divisions and a more limited rebound in the medium term.
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 $22.39 yesterday.
The firm cut 2011-13E EBIT by 5%-13% and net income by 11%-23% to reflect lower profits expected in several divisions and a more limited rebound in the medium term.
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 $22.39 yesterday.
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