Altran: Invest Securities still a buyer after Aricent
(CercleFinance.com) - Invest Securities maintains its "buy" recommendation on the Altran stock, along with its target price of 18 euros, after its contact with the group, which enabled it to better appreciate the Aricent business, which is expected to be acquired in the first quarter of 2018.
The broker's analysts note execution risks that should not be ignored, pointing out that the deal will increase the group's exposure to the telecoms sector, whose dynamics will mainly depend on the investment cycle in 5G.
Added to this are integration-related risks, which first consist of Aricent's absorption of Altran's acquisitions in the United States, followed by the creation of a common model from 2020, the analyst continues.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker's analysts note execution risks that should not be ignored, pointing out that the deal will increase the group's exposure to the telecoms sector, whose dynamics will mainly depend on the investment cycle in 5G.
Added to this are integration-related risks, which first consist of Aricent's absorption of Altran's acquisitions in the United States, followed by the creation of a common model from 2020, the analyst continues.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.