Atos: Invest Securities upgrades stock
(CercleFinance.com) - Invest Securities has upgraded its rating on the Atos stock from "neutral" to "buy" and has raised its corresponding target price from 114 euros to 128 euros, believing that Worldline's acquisition of SIX Payment Services "Changes Atos' profile over both the medium and long term".
According to analysts, this operation significantly enhances the IT services group's margin potential, particularly as a result of potential synergies to be obtained, Atos/Worldline's area of excellence.
The icing on the cake, this transaction, paid for in securities, will not weigh on the group's financial capacities, while we think that an acquisition in IT services in North America is credible in the coming months, added the analyst who monitors the stock.
Copyright (c) 2018 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.
According to analysts, this operation significantly enhances the IT services group's margin potential, particularly as a result of potential synergies to be obtained, Atos/Worldline's area of excellence.
The icing on the cake, this transaction, paid for in securities, will not weigh on the group's financial capacities, while we think that an acquisition in IT services in North America is credible in the coming months, added the analyst who monitors the stock.
Copyright (c) 2018 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.