Atos: Invest Securities drops 'buy' rating
(CercleFinance.com) - Invest Securities has downgraded its rating on the Atos share from "buy" to "neutral," with an adjusted target price of 77 euros (vs.
75 euros and current price of 72.5 euros), while withdrawing the share from its Invest Securities Selection, highlighting near term risks for the share.
The analyst says that ambitions are high in the medium term (2024-25), particularly in terms of growth, although upside potential relative to its scenario focuses on the end of the period (2023-25), which it believes is premature to value, the analyst says.
After outperforming by +15.8 points since the end of 2019 and in an environment that is fraught with short-term pitfalls due to the health crisis and clients' cost-reduction programs, the analyst believes that the share is currently fairly valued.
Copyright (c) 2020 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.
75 euros and current price of 72.5 euros), while withdrawing the share from its Invest Securities Selection, highlighting near term risks for the share.
The analyst says that ambitions are high in the medium term (2024-25), particularly in terms of growth, although upside potential relative to its scenario focuses on the end of the period (2023-25), which it believes is premature to value, the analyst says.
After outperforming by +15.8 points since the end of 2019 and in an environment that is fraught with short-term pitfalls due to the health crisis and clients' cost-reduction programs, the analyst believes that the share is currently fairly valued.
Copyright (c) 2020 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.