OVHcloud loses 10% under the weight of a recommendation downgrade by Stifel from 'buy' to 'hold', with a price target drastically lowered from 11.5 to six euros, the broker also removing the share from its list of growth stocks.

Stifel considers the founders' willingness to sell shares on a regular basis to finance other activities outside the group to be 'problematic', and believes that OVH 'has a long way to go before regaining investor confidence'.

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