BNIS Daily Report of June 26, 2020
RALS: Don’t Expect a Quick Recovery for RALS
Markets have rebounded recently, but more uncertainty remains, meaning near-term prices could remain ugly or deteriorate further. We downgrade our rating to Sell.
- Lower Spending and Higher Unemployment rate make a Risky Combo
- 1Q EBIT loss-making, 2Q could be worse
- Profit cut leads to Price Objective Reduction
Analyst: William Siregar