Sopra Steria: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF has raised its target price for the Sopra Steria stock from 156 euros to 170 euros following the IT group's results last week.
However, the broker maintains its "neutral" rating on the share, highlighting its sharp rise, which leaves no more upside in the near term.
While it acknowledges a year-end that was penalised by a wait-and-see attitude in the United Kingdom, the broker highlights profitability that exceeds expectations, thanks to SBS and France, as well as a 2020 guidance that overall is in line with expectations.
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