Assystem: Invest Securities no longer a seller
(CercleFinance.com) - Although it has once again lowered its price target for Assystem from E40 to E38 to take account of a further reduction in the valuation of Expleo, Invest Securities says it no longer has any reason to be 'sell' on the stock, and has therefore raised its opinion to 'neutral'.
After the 2024 earnings warning and Alten's third-quarter publication, which cast a further pall over the sale of Expleo, the share price fell sharply (-27% over one month)", points out the analyst in charge of the dossier.
Even though the medium- and long-term prospects for the nuclear sector appear particularly attractive, we feel it would be premature to adopt a more positive view until short-term momentum improves", he warns.
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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.
After the 2024 earnings warning and Alten's third-quarter publication, which cast a further pall over the sale of Expleo, the share price fell sharply (-27% over one month)", points out the analyst in charge of the dossier.
Even though the medium- and long-term prospects for the nuclear sector appear particularly attractive, we feel it would be premature to adopt a more positive view until short-term momentum improves", he warns.
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.