Atos: Invest Securities adjusts target price
(CercleFinance.com) - Invest Securities has reiterated its "neutral" rating on Atos shares, given a risk/reward that it considers insufficient, despite an adjusted price target of 19 euros (compared with 20 euros previously), which represents upside potential of 38%.
Between the improvement in operating performance and FCF in H2 2022, the execution of the disposal plan and the possible entry of Airbus into Evidian's capital, momentum is clearly improving for Atos, the analyst acknowledged.
However, the broker expects a new year of transition in 2023 and still sees Atos as a highly speculative issue that is particularly sensitive to various hazards, even though it considers the stock undervalued at current levels.
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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.
Between the improvement in operating performance and FCF in H2 2022, the execution of the disposal plan and the possible entry of Airbus into Evidian's capital, momentum is clearly improving for Atos, the analyst acknowledged.
However, the broker expects a new year of transition in 2023 and still sees Atos as a highly speculative issue that is particularly sensitive to various hazards, even though it considers the stock undervalued at current levels.
Copyright (c) 2023 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.