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Enter Symbol:
 
Valeo, SA (EU) (VLEEY) [hlAlert]

Rating:
Underweight
VLEEY
3 Months Gains
down 11.83 %

Valeo, SA (EU) (VLEEY) downgraded to Underweight by HSBC Securities

Posted on: Thursday,  Feb 6, 2014  8:25 AM ET by HSBC Securities

Valeo, SA (EU) (OTCBB:
VLEEY) downgraded to Underweight by HSBC Securities.

Valeo SA is a France-based industrial company focused on the design, production and sale of components, integrated systems and modules for the automotive industry. The Company has 16 product groups supplying the original equipment market and the aftermarket, regrouped into four Business Groups: Comfort and Driving Assistance Systems, Powertrain Systems, Thermal Systems and Visibility Systems. For replacement parts and services, Valeo SA supplies the original equipment spares (OES) and independent aftermarket (IAM) through its dedicated Valeo Service organization, which cooperates with the Business Groups. As of June 30, 2011, the Company operated 124 production sites, 21 research centers, 39 development centers and 10 distribution platforms. The Company operates various subsidiaries, including Valeo Service Deutschland GmbH, Valeo Service Italia S.p.A and Valeo Climate Control De Mexico SA de CV, among others.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/6/2014 8:25 AM Sell
None
57.15
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/12/2013 8:25 AM Hold
None
36.90

(*) Stock Price at the time of the recommendation.
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