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Altran: Invest Securities welcomes acquisition of Aricent.

(CercleFinance.com) - Invest Securities has reinstated its "buy" rating and target price of 18 euros on the Altran stock, the day after the announcement of its acquisition of Aricent which the broker says makes a lot of sense strategically.

Adjusted for the specific business of software deals, the metrics of the transaction (profitability, transaction multiples) are much more relevant and show a margin that seems sustainable over the medium-to-long term, the analyst monitoring the stock points out.

Therefore, considering the "value creation" deal, the analysts maintain their buy rating on the stock, even though it is aware that it "could lack short-term catalysts in light of uncertainties (terms of the capital increase, deadline for completion)."

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