Alfen is trading 5.09% down at €11.94 after continued investor reaction to Jefferies’ August 21 downgrade from Buy to Hold and price-target reduction from €18 to €14.
- Jefferies cited negative earnings momentum for at least two quarters, higher personnel costs and limited visibility on EV Charging recovery.
- H1 results raised concerns about a softer second half and ongoing EV Charging weakness.
- The move appears company-specific, while the broader market is only moderately lower.