Capgemini: UBS upgrades stock

(CercleFinance.com) - UBS has raised its recommendation on Capgemini from 'neutral' to 'buy', while reducing its target price from E235 to E225, a new target that still represents 24% upside potential for the IT services group's shares.


The broker justifies its upgrade by its vision of a guidance and consensus that are now de-risked, as well as a more attractive valuation, adding that improved annual growth rates should boost the share price.


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