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Umanis: Portzamparc begins coverage with 'reinforce' rating.

( - Portzamparc has initiated its coverage of Umanis, with a reinforce rating and a target price of 104.
4 euros, despite the stock of this IT services company sharp rise over the past year (+490%).

"We are nevertheless positive on the stock's additional upside potential, with the stock still discounted relative to its peers, and which should benefit from an upbeat newsflow," said the analyst who monitors the stock.

Portzamparc adds that "the completion of new acquisitions at 7-8 times EBIT and whose profitability may be improved would also create additional value."

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