It was US President Donald Trump’s furious Oval Office clash with his Ukrainian counterpart last Friday that convinced fund manager Hugo Squire it was time to buy bonds in Eutelsat Communications SA.
Shares in Franco-British satellite operator Eutelsat pulled back on Friday after soaring nearly 500% this week on the prospect of potentially replacing Starlink in Ukraine.
Goldman Sachs Group Inc. analysts raised their rating on Eutelsat Communications SA shares to neutral less than two weeks after adopting a sell stance that would have missed the stock’s meteoric rise.
While the British newspaper Daily Mail once again tried to fool the Trumpist audience with information about the alleged transformation of Storm Shadow and SCALP-EG cruise missiles into "useless stones" after depriving the General Staff of the Armed Forces of the United States
After a significant rally, Goldman Sachs has upgraded Eutelsat to Neutral after previously rating the stock a Sell, acknowledging that its earlier call underestimated the upside risk from government support.
Eutelsat Communications (EUTLF – Research Report) received a Hold rating and price target from Goldman Sachs analyst Andrew Lee