Alten: Invest Securities cuts target price

(CercleFinance.com) - Invest Securities maintains its "neutral" rating on Alten shares, while reducing its target price for them from 132 euros to 112 euros, to reflect the rise in the WACC, adding that it will wait until the end of July (or even the end of September) before lowering its expectations.


The broker says that while the stock's recent underperformance (-14 points in three months) could raise questions as to the interest in returning to the stock, it believes that this is extremely premature, pointing out that the SICT business is one of the most cyclical in the Tech universe.

In addition, analysts warn that while Q2 2022 could well be excellent, the reversal of this resulting from the deterioration of the macro cycle could be brutal, especially as it is not anticipated in either analysts' expectations and or the consensus.


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