Alten: Oddo raises price target

(CercleFinance.com) - Oddo maintains its 'outperform' note on the Alten share, with a price target upped from 143 to 153 euros.


The analyst cites a quicker than expected return to pre-Covid profit levels and says it is optimistic about Alten's prospects, thanks to the quality of its position in a buoyant sector and the balance available for acquisitions.

Oddo highlights that in the current context, the management is reporting favourable prospects for all the sectors, thanks to the success of diversification in previous years.

As a result, the broker says it is raising its profit forecasts, making an average increase of EPS of 4% over the next three years.

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