Assystem: Oddo BHF notes a mixed publication
(CercleFinance.com) - Oddo BHF maintains its neutral rating on Assystem shares, trimming its TP for them from E44 to E43, following a mixed publication, with results somewhat downgraded on the bottom-line and a cautious (if not relatively vague) outlook for 2025.
While this is not really surprising, given the company's recent rhetoric and current uncertainties, it prompts us to marginally adjust our 2025 scenario (which was already more cautious than consensus), the analyst says, reducing his EPS estimates by an average of -5%.
Oddo BHF also points to more mixed short-term momentum (with growth drivers deemed insufficiently strong at this stage), uncertainties about Expleo, and a less attractive valuation in this configuration, which it feels is well balanced.
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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.
While this is not really surprising, given the company's recent rhetoric and current uncertainties, it prompts us to marginally adjust our 2025 scenario (which was already more cautious than consensus), the analyst says, reducing his EPS estimates by an average of -5%.
Oddo BHF also points to more mixed short-term momentum (with growth drivers deemed insufficiently strong at this stage), uncertainties about Expleo, and a less attractive valuation in this configuration, which it feels is well balanced.
Copyright (c) 2025 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.