Home / Business / Bff Bank Shares Plunge Following Kepler Cheuvreux Downgrade

Bff Bank Shares Plunge Following Kepler Cheuvreux Downgrade

Bff Bank Shares Plunge Following Kepler Cheuvreux Downgrade

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BFF Bank Downgraded ​by Kepler Cheuvreux Amidst Q4 Concerns

BFF Bank is facing increased ‍scrutiny after a double downgrade from Kepler ‍Cheuvreux, ⁢impacting its stock rating and future outlook. The downgrade reflects concerns ​about the bank’s​ performance​ in the fourth quarter and its ability to maintain ‌profitability in​ a challenging ​economic environment. BFF Bank provides a ​range of financial services, including corporate and investment banking, lending to local authorities, and payment and securities services for investment funds, companies,⁤ and ‍financial‌ institutions across Europe.

Details of the Downgrade

On Thursday, Kepler Cheuvreux ‌downgraded BFF⁤ Bank’s⁢ rating from “buy” to “hold” and reduced its target price from €12.50 to €10.30. ⁤The bank was ⁣also removed from​ Kepler’s European Smid‌ Cap Selected list.

Analysts​ anticipate a ‌weaker-than-expected fourth quarter,⁣ lacking the typical seasonal acceleration. They believe the group will likely miss out on the usual end-of-year boost. Specifically, Kepler forecasts lower revenues and new

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