Alten: Invest Securities ups target price slightly
(CercleFinance.com) - Hailing good quality annual results that are slightly higher than expected, Invest Securities has raised its target price for the Alten stock from 90 euros to 92 euros on Thursday, while reiterating its "buy" rating.
The group managed to improve its margin in the second half of the year, after a disappointment in H1, the broker underlines, which said that group management "made ambitious comments" at their meeting.
This applies to both organic growth, with a deployment of the group's manufacturing offer, and external growth, "after 2017 was a little hollow regarding this aspect," the broker points out.
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.
The group managed to improve its margin in the second half of the year, after a disappointment in H1, the broker underlines, which said that group management "made ambitious comments" at their meeting.
This applies to both organic growth, with a deployment of the group's manufacturing offer, and external growth, "after 2017 was a little hollow regarding this aspect," the broker points out.
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.