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Schneider Electric downgraded to Hold from Buy at Berenberg
The Fly

Schneider Electric downgraded to Hold from Buy at Berenberg

Berenberg downgraded Schneider Electric (SBGSY) to Hold from Buy with a price target of EUR 255, down from EUR 261. Schneider’ announcement on Monday of a change of CEO after 18 months due to his “strategic divergences” versus the board was an unwelcome surprise, the analyst tells investors in a research note.

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