Atos: Oddo says 'buy' - expects 'resilience' in Q2

(CercleFinance.com) - This morning, an analyst at Oddo BHF confirmed a "buy" rating on the Atos share, anticipating a low point in Q2, although in conditions that are under control.


Atos is expected to show its resilience from Q2 2020, thanks to its mix that is heavily oriented towards outsourcing, while more cyclical players (exposed to Consulting and Systems Integration) are expected to suffer more from falling demand. The in-depth work carried out to align the Group on an organisation by client sectors should enable a better industrialisation of its Business & Platform Solutions activity, whose performance remains below the market leaders, the broker says.

Oddo BHF thus confirms its target price of 80 euros for the share, meaning upside potential of 27%.



Copyright (c) 2020 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.