Atos: Invest Securities wants to reassure investors
(CercleFinance.com) - Invest Securities reinstates its "buy" rating on the Atos share, maintaining a target price of 100 euros, noting that IT services group has seen a rough ride in the market as of late (underperforming the Euro Stoxx 50 index by 14.
6 points over the past three months).
The broker says that the share's performance could be due to market rumours, which it considers exaggerated. In addition, it could be related to a slowdown at its B&PS business and the profit warning issued by its competitor DXC on 8 August, while in fact this does not really have any negative impact on Atos.
Believing that the market almost likes to be afraid of the stock, the analyst believes that the forthcoming publications and the prospect of an IPO of the Big Data & Cybersecurity division should result in the share's valuation increasing once again.
Copyright (c) 2019 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.
6 points over the past three months).
The broker says that the share's performance could be due to market rumours, which it considers exaggerated. In addition, it could be related to a slowdown at its B&PS business and the profit warning issued by its competitor DXC on 8 August, while in fact this does not really have any negative impact on Atos.
Believing that the market almost likes to be afraid of the stock, the analyst believes that the forthcoming publications and the prospect of an IPO of the Big Data & Cybersecurity division should result in the share's valuation increasing once again.
Copyright (c) 2019 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.