(News Bulletin 247) – While maintaining its ‘hold’ recommendation, Stifel lowers its price target on Freelance.com by six to 4.9 euros, the day after the announcement of lower second quarter turnover 7% to the forecast of the broker.
‘Difficulties persist on the international front while the slowdown has been more significant than expected in France, explaining most of this gap’, according to Stifel, which reduces its expectations for the year 2023 by 3.6% on the sales and 9.4% on EPS.
‘The risk-return remains unattractive given the uncertainties on the performance of international activities and on the impacts of the new acquisition recently announced for activities in France’, adds the broker.
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