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 ceiling . Its stock plummeted 10 % on August 31 , its lowest level since 1996 , after analyst Bruno Monteyne dropped his rating to " underperform " and cut the investment target to € 40 ( $ 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 .
French retailer Casino Guichard - Perrachon 's stock fell to a 22-year low amid fears over its debt ceiling . Its stock plummeted 10 % on August 31 , its lowest level since 1996 , after analyst Bruno Monteyne dropped his rating to " underperform " and cut the investment target to € 40 ( $ 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 .