Alten: Invest Securities nudges up TP

(CercleFinance.com) - Invest Securities maintains its Buy rating on Alten shares, with a target price raised from E142 to E144.


The analyst reports that the complicated market environment has led Alten to issue four profit warnings in 2024. Management has once again demonstrated the quality of its execution, with a 2024 EBITA margin that is finally slightly above expectations, and a much higher FCF, he says.

Although management did not quantify the 2025 outlook at the presentation meeting, the situation has stopped deteriorating, leaving us to hope for a return to positive momentum in H2 25, the broker adds, which points out that the share's reaction to the last 2 publications suggests that investors could anticipate this date, especially if Q1 25 were to confirm that the environment has stopped deteriorating.


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.
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.