(CercleFinance.com) – Stifel maintains its buy rating on the Assystem share, with a price target lowered from 65 to 60 euros.
‘President Macron’s announcement of the dissolution of the French National Assembly and the publication of the French left-wing coalition’s political project have erased much of the share price appreciation since its Q1-24 trading update,’ the broker analyses.
Stifel reports that polls currently indicate that a strong majority in favor of nuclear energy could emerge.
‘We believe that the end of the uncertainty surrounding the outcome of the elections could be a first positive catalyst. In addition, the next key results dates should demonstrate a recovery in the operating margin, which would lead to sustained EBIT growth in the first half and over the full year 2024,’ the analyst concludes.
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