Alten: Bryan Garnier remains a buyer after meeting

(CercleFinance.com) - Bryan Garnier maintains its "buy" rating on the Alten stock, with a fair value of 100 euros after an investor meeting with CFO Bruno Benoliel last week.


"Alten is likely to accelerate lfl sales growth, yet management is still reluctant to bank on a double-digit pace despite the strong Q1" the broker said following this meeting.

Bryan Garnier also reports that the group expects to return to a double-digit operating margin in the absence of negative calendar effects and that Alten will maintain its disciplined approach in terms of external growth, with no intention of making major acquisitions.



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