Atos: BarCap upgrades to 'overweight'
(CercleFinance.com) - Barclays Capital has upgraded its rating on the Atos stock from "weight in line" to "overweight" and has raised its corresponding target price from 125 euros to 140 euros, seeing the stock's heavy discount as a buy opportunity for investors.
"Atos stock has underperformed significantly, despite an excellent performance in Worldline shares," the broker points out in its Q2 preview of European Software & IT Services.
"We do share long-term concerns around its US infrastructure exposure, but Q2 should be the low for the US and overall the business should be stable versus Q1," the broker continues.
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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.
"Atos stock has underperformed significantly, despite an excellent performance in Worldline shares," the broker points out in its Q2 preview of European Software & IT Services.
"We do share long-term concerns around its US infrastructure exposure, but Q2 should be the low for the US and overall the business should be stable versus Q1," the broker continues.
Copyright (c) 2018 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.