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Assystem: Stifel lowers target price
(CercleFinance.com) - Stifel maintains its buy rating on Assystem shares, with a target price lowered from E65 to E60.
President Macron's announcement of the dissolution of the French National Assembly and the publication of the political project of the French left-wing coalition have erased much of the share price appreciation since its Q1 24 trading update, the broker says.
Stifel reports that polls currently indicate that a strong majority in favor of nuclear power could emerge.
We believe that the end of uncertainty surrounding the outcome of the elections could be an initial positive catalyst. In addition, the next key earnings dates should demonstrate a recovery in operating margin, leading to sustained EBIT growth in H1 and over FY 2024, the analyst concludes.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
President Macron's announcement of the dissolution of the French National Assembly and the publication of the political project of the French left-wing coalition have erased much of the share price appreciation since its Q1 24 trading update, the broker says.
Stifel reports that polls currently indicate that a strong majority in favor of nuclear power could emerge.
We believe that the end of uncertainty surrounding the outcome of the elections could be an initial positive catalyst. In addition, the next key earnings dates should demonstrate a recovery in operating margin, leading to sustained EBIT growth in H1 and over FY 2024, the analyst concludes.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.