BUZZ-SES falls after Barclays cuts to 'underweight' on delivery concerns

SpaceX

SpaceX

SPCX

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** Shares in Luxembourg-based satellite operator SES SESFg.LU fall 2.3% after Barclays downgrades the stock to 'underweight' from 'equal weight' on delivery concerns

** The broker has short- and mid-term delivery concerns due to competitive factors and expects SES to remain below consensus beyond 2026

** "With the C-band catalyst now better understood and the SpaceX IPO behind us, we think the SES story refocuses on fundamentals," it adds

** Barclays says "significant" improvement in organic revenue growth is needed across Government, Media and Mobility segments in the second half of 2026 to meet consensus forecasts

** Out of 11 analysts that cover SES, seven rate the stock "strong buy" or "buy,"​ three rate "hold" and one rates the stock "sell" - LSEG data


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