(CercleFinance.com) – While maintaining its ‘neutral’ opinion, Oddo BHF adjusts its price target on CapGemini from 229 to 226 euros, ahead of an activity point for the IT services group (April 30) for which he expects ‘half-hearted’ growth.
The research firm anticipates a significant deterioration in growth in the first quarter (-4%) compared to the fourth (-0.9%), due to difficult base effects and weak demand on discretionary projects’.
According to Oddo BHF, the resumption of growth should be gradual over 2024, and it is marginally adjusting its annual organic growth forecast (+0.5% compared to +1% previously) as well as its foreign exchange assumptions.
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