UBS downgraded Adevinta to Neutral from Buy with a price target of NOK 115, up from NOK 109, after assuming coverage of the name. The company has strong underlying fundamentals but the share price is currently driven by the confirmed bid and liquidity, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ADEVF: