Capgemini: Oddo adjusts TP before H1 results

(CercleFinance.com) - Oddo BHF reiterates its "outperform" rating on Capgemini shares and has raised its target price for from from 180 euros to E187 euros, ahead beforeof the IT services group's reports its publication of its first-halfH1 2021 results on 28 July 28 before the stock market opens.


The broker expects growth to be well above expectations, which reinforces its confidence in the group's ability to deliver good profitability, and makes an increase in the group's targets seem inevitable.

The stock has performed well since YTD (+31.6% against +14% for the Stoxx 600), although this seems justified by the strength of the recovery in the IT services market and Capgemini's strong positioning therein, the analyst adds.


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