Cheuvreux reiterated its "underperform" rating, saying that "there is no reason to be much more optimistic as long as we have no tangible improvement in the labor market in Europe."

盛富证券重申了该公司股票评级为减持，表示欧洲劳动力市场没有实质性的改善，该公司业绩不容乐观。

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"The U.S. business was always good in terms of performance and a strong contributor to growth, " said analyst Christian Stark at CA Cheuvreux.

FORBES: Julius Baer To Spin Off U.S. Mutual Fund Unit

Christopher Potts, an analyst with Cheuvreux de Virieu, a French stockbroker, thinks that, after the deal, the need for further change will be undeniable.

ECONOMIST: Suez and Lyonnaise des Eaux