Atos: Morgan Stanley upgrades 'underweight' rating
(CercleFinance.com) - Morgan Stanley has upgraded its "underweight" rating on the stock of IT services group Atos to "equal weight," having increased its corresponding target price to 96 euros, against 68 euros previously.
"Ahead of the upcoming distribution of the Worldline stake, we update our model to isolate the remaining Atos standalone business," the broker said, which believes that the post-split share is trading at its intrinsic value.
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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.
"Ahead of the upcoming distribution of the Worldline stake, we update our model to isolate the remaining Atos standalone business," the broker said, which believes that the post-split share is trading at its intrinsic value.
Copyright (c) 2019 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.