Invest Securities reduced its price target from 120 euros to 118 euros and confirmed its Neutral recommendation on Alten after the announcement of the half-year results. While these are excellent, the design office also emphasizes that the potential for action is insufficient. It seems premature to us to be more positive on the value, the group’s prospects cannot, in our opinion, be completely immune to the deterioration of the macroeconomic situation, warns the analyst.