Atos: Invest Securities adjusts target price
(CercleFinance.com) - Invest Securities has reiterated its "neutral" rating on Atos shares, given a risk/reward that it considers insufficient, despite an adjusted price target of 19 euros (compared with 20 euros previously), which represents upside potential of 38%.
Between the improvement in operating performance and FCF in H2 2022, the execution of the disposal plan and the possible entry of Airbus into Evidian's capital, momentum is clearly improving for Atos, the analyst acknowledged.
However, the broker expects a new year of transition in 2023 and still sees Atos as a highly speculative issue that is particularly sensitive to various hazards, even though it considers the stock undervalued at current levels.
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