(CercleFinance.com) – Invest Securities reiterates its ‘buy’ recommendation on Sopra Steria with a price target reduced from 240 to 212 euros, judging that ‘the stock market reaction on Friday (-8%) appears unfair in view of a third quarter reassuring and reiterated 2023 guidance’.
The research firm recognizes that the IT services company will not be immune to the macroeconomic slowdown and that the 2024 financial year will necessarily be less dynamic than 2023.
Oddo BHF, however, highlights a resilient profile of the group due to its turnover mix, as well as the full-year contribution of acquisitions, which according to it ‘should help ensure solid performance next year’.
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