Atos: UBS a buyer; maintains target price
(CercleFinance.com) - This morning, UBS has confirmed its buy rating on the Atos stock, maintaining its 12-month target price of 90 euros, meaning upside potential of over 20%.
Analysts interviewed Elie Girard, Atos' CFO, as part of the group's 2018 European Conference. They note that difficulties faced by the Industry, along with the Distribution & Transport division in the US are a matter of commercial execution and not competition. Growth is expected to return in this sector as from the second half of 2019.
What about the Business & Platform Solutions division, which, in the US will be "drowned" in Syntel once it has been bought? " Girard repeated the ambition to generate $250m in revenue and $120m in cost synergies by the end of 2021," UBS said, which is waiting for more details on this subject at the group's Capital Markets Day to be held in January.
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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.
Analysts interviewed Elie Girard, Atos' CFO, as part of the group's 2018 European Conference. They note that difficulties faced by the Industry, along with the Distribution & Transport division in the US are a matter of commercial execution and not competition. Growth is expected to return in this sector as from the second half of 2019.
What about the Business & Platform Solutions division, which, in the US will be "drowned" in Syntel once it has been bought? " Girard repeated the ambition to generate $250m in revenue and $120m in cost synergies by the end of 2021," UBS said, which is waiting for more details on this subject at the group's Capital Markets Day to be held in January.
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.