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Valeo (Baa3/BB+): 1Q Sales

CONSUMER CYCLICALS

• Revenue came in just shy of consensus.

• 2024 and 2025 guidance and objectives reaffirmed with 2025 sales objectives above analyst consensus. 2024 operating margin guidance is also above consensus.

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• Revenue came in just shy of consensus.

• 2024 and 2025 guidance and objectives reaffirmed with 2025 sales objectives above analyst consensus. 2024 operating margin guidance is also above consensus.

Keep reading...Show less