Aug 08 2018, 2:39 PMAug 09 2018, 5:26 AMAugust 08 2018, 2:39 PMAugust 09 2018, 5:26 AM
French retailer Casino Guichard-Perrachon's stock fell to a 22-year low amid fears over its debt situation. Its stock plummeted 11% on August 8, its lowest level since 1996, after analyst Bruno Monteyne dropped his rating to "underperform" and cut the price target to €35 ($40) from €26. Monteyne said a review of the company's joint venture transactions showed that the impact of related parties was "more material" than previously realised.