(CercleFinance.com) – The stock is in the green while the CAC40 loses more than 1%. This morning Invest Securities raised its recommendation to buy (versus neutral) on the stock with a target of E155 aligned with the offer price.
The analyst estimates the stock has fallen below the 150E mark, now offering significant potential compared to the price of Keysight’s offer at 155E which should be launched at the end of 2023/early 2024.
‘ Knowing that the latter has secured the support of shareholders representing more than 50% of the capital, the risk of failure of the operation is very low and there is even a possibility that Keysight will have to outbid if it wants to obtain more of 90% of the capital and carry out the compulsory withdrawal (see position of Alain de Rouvray with 4.1% of the capital) ‘ indicates the analysis office.
‘In view of this favorable risk/reward, we raise our opinion to buy’.
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