Worldline: Invest Securities a buyer, adjusts target
(CercleFinance.com) - Highlighting attractive entry levels, Invest Securities reiterates its "buy" rating on the Worldline share, having trimmed its target price from 68 euros to 66 euros, which it says does not include the creation of value stemming from new acquisitions.
After falling by nearly 9% since Atos' distribution of shares in early May, the analyst believes that divestments now seem to be coming to an end and that the share could again be boosted by fundamentals, including acquisitions in pole position.
The group's new independence seems to have accelerated discussions with European banking players, the broker notes, saying that the group appears to be perfectly positioned to take advantage of the new concentration phase of the European market.
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