BOURSORAMA, a French credit institution approved by the Autorité de Contrôle Prudentiel et de Résolution (ACPR) and the Autorité des Marchés Financiers (AMF), operates under the prudential supervision of the European Central Bank (ECB).

Conflict of Interest Management Policy

BOURSORAMA maintains a conflict of interest management policy to ensure compliance with regulatory standards and preserve the integrity of its investment recommendations. The absence of direct links between published analyses and the variable remuneration of BOURSORAMA employees reinforces their commitment to objectivity.

Objectivity of Analyses

While BOURSORAMA is part of the Société Générale Group, the objectivity of the analyses provided is not compromised by the group's financial activities.

Downgrade of Valeo by UBS

The downgrade of Valeo by UBS is expected to have immediate repercussions in the financial markets, potentially leading to volatility in Valeo's stock price. The Neutral rating suggests that UBS anticipates a period of uncertainty for Valeo, influenced by the challenges facing the automotive sector.

Monitoring Valeo's Performance

Analysts and investors will closely monitor Valeo's performance in the coming quarters, considering factors such as the transition to electric vehicles, regulatory changes, and global economic conditions. The market's response to the downgrade will reflect broader trends in investor confidence and risk appetite.