Equasens: Stifel raises TP after sales
(CercleFinance.com) - While adjusting its target price from E85 to E86, Stifel maintains its "hold" rating on Equasens shares, prefering its peers Nexus and CompuGroup (both recommended as "buy", in the healthcare IT sector).
"Equasens delivered a solid Q1 top-line result, with organic growth reaching 14.0% (+11.1% excluding the Segur digitalisation plan in France)," he said after the trading update.
The broker raised its organic growth assumption for 2023 from 6.1% to 6.4%, but "we remain cautious given that the business can be lumpy, and the comparison bases will increasingly get tougher this year".
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