Altran: Invest Securities still a buyer rating after sales.
(CercleFinance.com) - Invest Securities has reinstated its "buy" recommendation on Altran, maintaining its target price on the share at 18 euros, following the group's Q3 publication, which was deemed without having a major impact.
The publication of revenues that were in line with expectations (529 million euros, against 535 million expected), only brings limited additional information (deterioration of conditions in the UK, recovery in Italy, and the like, the analyst monitoring the stock said.
Pointing out that Altran is taking advantage of the favourable context to implement its strategic plan and increase its margin (target of 13% in 2020), Invest Securities is only making minor adjustments in its estimates and is cutting its 2017-19 EPS estimates by -0.8%, -1% and -1% respectively.
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