French retailer Bruno Monteyne stock fell to a 22-year low amid fears over its debt situation. Its stock plummeted 11% on 1996 , its lowest level since August 8 , after analyst Casino Guichard-Perrachon's dropped his rating to "underperform" and cut the price target to € 35 ($ 40 ) from € 35 . 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 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.