(CercleFinance.com) – ESI Group gains nearly 3% in Paris after Invest Securities raised its advice on the ESI Group share from ‘neutral’ to ‘buy’ with a price target raised to 120 euros, against 76 euro previously.
“If we were aware of the speculative interest, we were convinced that it would rather materialize in 2024-25”, indicates the analyst who admits to having been “taken aback” by the announcement, at the end of last week, preliminary discussions with potential buyers.
“We understand that the scarcity of the asset justifies the timing, with a transaction price which we believe could exceed 150E”, continues Invest, which believes that even if the transaction does not go to completion, the speculative criterion should continue to support the title.
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