Alten: Oddo raises target price

(CercleFinance.com) - In a report issued on Monday morning, Oddo announced that it has increased its target price for the Alten stock to 92 euros.


Still a buyer, the broker welcomes the acceleration in recruitment and growth in Q4. Organic growth reached 10% over the period thanks to the strength of the French market.

Oddo has also expressed confidence in profitability, thanks to an excellent billing rate, with the broker now expecting organic growth of 8% in 2018, against +7% previously estimated.


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