Ingenico: Invest Securities upgrades to 'buy'
(CercleFinance.com) - Invest Securities has upgraded its rating on the Ingenico share from "neutral" to "buy," while its target price of 74 euros (which does not include any speculative appeal), gives the supplier of payment solutions upside potential of +18%.
The broker believes that a Ingenico's takeover by Natixis appears to be a credible scenario, pointing that Natixis has established payment services as one of its growth levers, and that the French state would therefore see a technological nugget remain in its grip.
The main question lies in the bank's financial capacity, although the confirmation of discussions suggests that the deal is possible, says the analyst who monitors the stock.
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