Alten: Invest Securities lowers its target

(CercleFinance.com) - While maintaining its 'buy' recommendation on Alten, Invest Securities has lowered its target price from 148 to 142 euros with the increase in the weighted average cost of capital (+22 basis points to 8.
06%).

The analyst sees a limited accretive impact of the integration of WorldGrid on EPS 2025-26 (+1%/+1.5%) based on a cautious assumption of the acquired entity's profitability, but considers "the strategic rationale strong in a long-term perspective".

The revaluation will have to wait for an improvement in organic growth from the second half of 2025 onwards", he acknowledges, but points to a very low valuation, solid fundamentals compared with its competitors, and speculative interest.

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