Altran: entered in Portzamparc's shortlist

(CercleFinance.com) - Portzamparc has added the Altran share to its shortlist for August.


With a buy rating on the stock, its analysts have a target price of 11.7 euros per share.

The market's reaction following the discovery of fictitious purchase orders at Aricent seems to be excessive, says a note published this morning. Indeed, most direct costs may be recovered from the second half of the year, especially as the risk of another discovery is quite low, Portzamparc judges, given what is known about the problem to date.

In short, the month of September should bring more clarity, analysts say, while sales and interim results are set to be published on 6 September. Even though we expect mitigated H1 results, the first results of the internal audit initiated at Aricent should realign the company's valuation with the reality, the note adds.



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