SAHR-0310 schreef op 29 mei 2020 08:00:
Forse adviesverlaging door ING. Nu moeten we extra opletten want als ING de particulier weg wil hebben....
Fugro/Covid-19 hurts, oil collapse even more/HOLD (previously Buy)The market situation has drastically changed with Covid-19 and subsequent collapse in oil prices. Oil firms have taken immediate action and oil services firms have to adapt to the new reality. Fugro's management has taken immediate action but it cannot prevent anticipated growth for FY20 that has changed into a serious decline. The company is not running into troubles in our view, thanks to €133m cash income in FY20 but refinancing is still on the agenda and needs to be solved. As we do not foresee uncertainty for the share price diminishing in the coming months, we change our recommendation from Buy to HOLD and reduce our target price from €12.8 to €4.0.