Jensen Group strikes cautious tone as Q2 orders decline, shares fall
BUZZ-Jensen Group strikes cautious tone as Q2 orders decline, shares fall ** Shares in Jensen Group JEN.BR fall close to 12%, heading for their biggest single-day slump in over 6 years, after H2 guidance disappointed investors
** The heavy-duty washing equipment maker takes a cautious stance about H2; it warns against elevated market uncertainty with the Middle East conflict and trade tariffs
** Jensen Group also points to lower Q2 order intake y/y -- it reports the number at €110.5 million ($127.3 million)
** KBC Securities cut Jensen's rating to "hold" from "accumulate", citing the wary outlook
** Up to the previous session's close, shares were up 47.6% YTD
** The stock, which is on track to score its biggest one-day slump since March 2020, touches its their lowest price in about two months
($1 = 0.8681 euros)
(Reporting by Mateusz Rabiega)