Sopra Steria: Invest Securities upgrades stock
(CercleFinance.com) - Invest Securities has upgraded its rating on Sopra Steria shares from "neutral" to "buy", increasing its corresponding target price from 170 euros to 200 euros, highlighting a relatively resilient business mix combined with a moderate valuation in a more uncertain environment.
The analyst says that Q1 performance was not particularly surprising and the risk on recruitment seems to be able to be evacuated in view of Q1 hirings.
Above all, he said that he was reassured by management's cautious message regarding the current context, suggesting that it will be less surprised than others by a sudden turnaround in the environment that could pinch margins.
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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 analyst says that Q1 performance was not particularly surprising and the risk on recruitment seems to be able to be evacuated in view of Q1 hirings.
Above all, he said that he was reassured by management's cautious message regarding the current context, suggesting that it will be less surprised than others by a sudden turnaround in the environment that could pinch margins.
Copyright (c) 2022 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.