Kepler Cheuvreux cuts Eurazeo to 'hold' as growth falters

Eurazeo SE

27/11/2025 07:55

** Kepler Cheuvreux downgrades Eurazeo EURA.PA to "hold" from "buy" saying it sees limited growth drivers for the French holding company

** The stock's deep discount to private-equity peers is "increasingly justified by slower value creation, lower uplifts on exits, and muted IRRs in recent vintages", Kepler says

** An "unsuccessful shareholder-friendly policy" and growing concerns about private debt further suppress investor appetite, the brokerage notes, as it projects no meaningful net-asset value growth over the next 12-18 months

** The broker slashes its target price by 40% to EUR 60 to reflect a more cautious valuation framework

** Out of seven analysts that cover Eurazeo, five rate the stock "strong buy" or "buy", ​one "hold" and one "sell"- LSEG data

(Reporting by Jakob Van Calster)

((jakob.vancalster@thomsonreuters.com ))