Havas: Invest Securities say investors should tender shares.
(CercleFinance.com) - Invest Securities has changed its opinion on Havas from “buy” (linked to the share's speculative nature) to "tender," and has cut its target price from 9.
1 euros to 8.1 euros, following the media group's interim communication.
The analyst monitoring the stock said that after the poor performance displayed by WPP, Havas is also disappointing, unveiling figures that are far below the consensus and guidance provided by the group.
He points out that unlike WPP, Havas has fallen short of expectations - not just in terms of organic revenue growth - but also regarding EBITA. Havas has abandoned its target growth of +2% to +3% over 2017, although without giving any new target.
Copyright (c) 2017 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.
1 euros to 8.1 euros, following the media group's interim communication.
The analyst monitoring the stock said that after the poor performance displayed by WPP, Havas is also disappointing, unveiling figures that are far below the consensus and guidance provided by the group.
He points out that unlike WPP, Havas has fallen short of expectations - not just in terms of organic revenue growth - but also regarding EBITA. Havas has abandoned its target growth of +2% to +3% over 2017, although without giving any new target.
Copyright (c) 2017 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.