Assystem: Invest Securities downgrades stock
(CercleFinance.com) - In view of uncertainties and the share outperforming its sector YTD, Invest Securities has downgraded Assystem shares from 'neutral' to 'sell', with a target price reduced from E42 to E40, in the wake of reduced 2024-26 estimates.
While the group appeared immune to macro deterioration due to its nuclear exposure, this Q3 publication and the warning about 2024 results qualify the statement, the analyst says.
Above all, the depressing comments on the SICT market made yesterday by Alten's COO raise fears of a further delay in the sale of Expleo (2026?) and a sale price below our expectations, the broker also warns.
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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.
While the group appeared immune to macro deterioration due to its nuclear exposure, this Q3 publication and the warning about 2024 results qualify the statement, the analyst says.
Above all, the depressing comments on the SICT market made yesterday by Alten's COO raise fears of a further delay in the sale of Expleo (2026?) and a sale price below our expectations, the broker also warns.
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.