SESG.PA is trading approximately 6% down at $7.76 after Barclays downgraded the stock to Underweight and cut its price target to €7.05, citing weaker long-term revenue and EBITDA expectations.
- Analysts highlighted growing competitive pressure from low-Earth-orbit (LEO) providers such as Starlink and Amazon as a key risk to the growth outlook.
- The downward move follows several days of strong gains for the satellite operator, as the downgrade prompts a reassessment of long-term profitability.