Assystem: Invest Securities raises target price

(CercleFinance.com) - Invest Securities reiterates its "buy" rating on Assystem shares, while raising its target price for from 44 euros to 50 euros, after the stock clearly outperformed in 2022 (+23 points), in the wake of the nuclear revival.


While this paradigm shift will take time to materialise in the group's results (from 2027/28) and is difficult to estimate, in the meantime Assystem is benefiting from resilient momentum, the analyst said.

The broker also highlights two catalysts for 2023/24, with the sale of stakes in Expleo and Framatome, which it says should enable the group to refocus on nuclear power to become a reality and put an end to its holding discount.


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