Maskot/DigitalVision via Getty Images In our last assessment, we decided to lower Stevanato Group's (NYSE:STVN) rating due to 'Destocking And Valuation Risk.' As a reminder, having checked Stevanato's peers' lower sales growth estimates in 2024 and anticipating a decline in EBITDA and net profit due to start-up costs and an unfavorable exchange rate effect, the company's valuation was full in our view. No sooner said than done. Following the FY 2023 analysis, Stevanato's share price dropped by almost 30%. T ...