Capgemini downgraded to Neutral from Overweight at JPMorgan

JPMorgan analyst Toby Ogg downgraded Capgemini to Neutral from Overweight with a price target of EUR 210, down from EUR 230. The firm says its prior constructive longer-term view is now more clouded by shorter-term cyclical pressures, following weak demand data points in the IT services ecosystem and continued cautiousness from IT services companies.