Ingenico: Invest Securities upgrades stock
(CercleFinance.com) - Invest Securities has upgraded its rating on the Ingenico share from "neutral" to "buy," having raised its corresponding target price from 120 euros to 131 euros, in comments analysing the impact of the health crisis on the payments sector.
The analyst says that although 2020 EPS estimates have been significantly revised (-12% to -27%) for the three stocks considered, the broker believes that payments could be one of the medium- and long-term beneficiaries of the current crisis, which has served to increase the use of electronic means of payment.
In this context, the broker reiterates its "buy" rating on Wirecard and has upgraded its ratings for Ingenico and Worldline to "buy," believing that both these shares only partially integrate the value creation stemming from their clearly successful merger.
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