Capgemini: Oddo BHF remains neutral - waiting for catalysts
(CercleFinance.com) - On Monday morning an analyst at Oddo BHF confirmed a "neutral" rating on the Capgemini share, noting several levers for a progressive acceleration in 2020, despite the absence of short-term catalysts.
The annual guidance update next April when the group publishes its Q1 2020 results when the group takes control of Altran should not act as a catalyst as this is a mechanical adjustment and already largely expected by the market. The announcement of new medium-term targets could be a catalyst, although the timing is uncertain and the situation around Altran could blur visibility on its margin, the broker says.
Oddo BHF therefore confirms its target price of 124 euros for the share, which represents upside potential of 9%.
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