(CercleFinance.com) – Invest Securities raises its opinion on Sopra Steria from ‘neutral’ to ‘buy’ and its price target from 170 to 200 euros, underlining a ‘relatively resilient profile of the activity mix, combined with a moderate valuation ‘ in a more uncertain context.
“The performance of the first quarter is without great surprise and the risk on recruitment seems able to be evacuated with regard to the hirings of the first quarter”, estimates the analyst in charge of the file.
Above all, he says he is reassured by the cautious message from management on the current context, “leaving to think that he will be less surprised than others by a sudden downturn in the environment which could pinch the margins”.
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