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Atos: a top pick for Oddo after Syntec analysis

(CercleFinance.com) - Syntec sends a message of caution regarding the future outlook in the IT sector, expecting a further slowdown in 2020.

However, Oddo points out that for IT services groups, this slowdown shold be more moderate, with the cloud remaining upbeat, while for IT consulting, there will be a greater slowdown.

The broker remains cautious, although believes that there are low valuations and that opportunities remain.

Oddo has chosen Atos as one of its top picks in the sector, due to its more resilient mix, while it likes Devoteam for its exposure to the Cloud.

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