UBS has downgraded Valeo from "Buy" to "Neutral," reducing its price target from 13 to 8 euros. Analyst David Lesne highlights significant risks to market expectations for the automotive supplier, citing uncertainties related to CO2 reduction, tariffs, and ongoing restructuring in the industry. As of December 3, Valeo's stock is trading at 7.474 euros, reflecting a decline of 3.41%.