Bureau Veritas is down by less than 1% and slightly underperforming the trend in Paris, on the back of a downgrade by Stifel from 'buy' to 'hold', with a price target reduced from 28 to 24 euros on the inspection and certification group's stock.

We expect some of the factors behind the slowdown in organic growth in the third quarter to continue to weigh in the coming quarters", warns the broker, who has reduced his adjusted EPS forecast by 3-6%.

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