- (PLX AI) - Loomis shares fell nearly 3% after Danske analysts cut the stock to hold from buy.
- • Price target cut to SEK 250 from SEK 325
- • Valuation is likely to remain low as Loomis is unable to demonstrate successful innovation and the earnings revision pattern is negative, Danske said
- • Q1 may be a weak quarter, with disappointing margins, as price hikes won't offset higher costs: Danske
© 2022 PLX AI