Atos: Oddo BHF pleased, as 'contract completed in 2019'
(CercleFinance.com) - On Thursday morning an analyst at Oddo BHF confirmed a "buy" rating on the Atos share, welcoming a "contract completed in 2019" and a 2020 guidance that is "satisfactory".
The broker says that it partly understands the market's disappointment (weakness of B&PS, high extraordinary charges, cautious comments on M&A). However, the group seems to have kept its promises on the most important points (organic growth and FCF) and visibility now appears to be better than for other players in its sector, even though the share's valuation remains very low, the broker says.
Oddo BHF therefore confirms its target price of 95 euros, meaning upside potential of 22%.
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