GAM saw its share price fall over 10% by lunchtime trading on Thursday (30 August) after Credit Suisse analysts cut their target price in half amid the ongoing troubles at the firm.
Credit Suisse analysts set a new target for the stock of CHF7, down from CHF14.2, causing GAM shares to drop 10.1% to CHF7.4 points. Furthermore, the analysts at the bank cut GAM's earnings per share...
The US dollar is close to peaking and the risks now seem to be on the downside.
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