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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.

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