BofA Downgrades Bending Spoons Over Limited Debt Capacity for M&A

BofA cuts Bending Spoons to Underperform, citing only $7B debt capacity vs $18B implied M&A.

BofA Downgrades Bending Spoons Over Limited Debt Capacity for M&A
"The Bending Spoons SpA heaquarters in Milan." Credit: Francesca Volpi/Bloomberg
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