Goldman downgrade from Buy to Neutral 11.30E-14.70USD Price
Target down from 12.30E to 11.30E Sites management not providing guidance for 2015. If you recall management said organic to increase 3% annually and cash flow 5% annually. They were also concerned about France revenue and taxes. Stock is down 3% in Europe. This is not the first analyst to get it wrong on Veolia. I predict GS will reverse to a Buy and raise their target, and Veolia reports another successful quarter.