Goldman Analysts Make U-Turn on Eutelsat Rating After Epic Rally
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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.
Eutelsat, seen as a leading beneficiary of European plans to boost defense spending as the US scales down military commitments to the continent, has surged 400% this week. The stock is trading 13% lower on Friday.