Forvia's stock fell 5.02% to €7.526 following the announcement of a CEO change and a downgrade by UBS. Patrick Koller will step down on March 1, 2025, to be succeeded by Martin Fischer, while UBS downgraded its rating from Buy to Neutral, citing significant uncertainty and pressure on profit margins.
Forvia's stock fell 5.02% to €7.526 following the announcement of a CEO change and a downgrade by UBS. Patrick Koller will step down on March 1, 2025, to be succeeded by Martin Fischer, while UBS has shifted its rating from Buy to Neutral, citing significant uncertainty and pressure on profit margins.
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