Capgemini: price target lowered by UBS
(CercleFinance.com) - UBS reaffirms its 'buy' recommendation on Capgemini, with a price target lowered from 225 to 210 euros, a new target that still leaves 29% upside potential for the IT services group's shares.
A second target cut in three months is not welcome, but the fact that the stock has fallen as much as expected earnings suggests some valuation support at a 7% FCF yield," the broker judges in the summary of its note.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
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.
A second target cut in three months is not welcome, but the fact that the stock has fallen as much as expected earnings suggests some valuation support at a 7% FCF yield," the broker judges in the summary of its note.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
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.