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Capgemini: Berenberg starts tracking with 'buy' rating

(CercleFinance.com) - Berenberg has started covering the Capgemini share on Tuesday, with a "buy" rating and target price of 140 euros (20% upside).

In a report on the IT sector, the German broker explains that the wave of digital transformation that is currently sweeping the corporate world is making varied fortunes amongst service providers.

The French consulting group is nevertheless one of the winners of this new situation, Berenberg says.

"We expect businesses such as Accenture and Capgemini, with a relatively high digital revenue mix, to outperform the sector, given their greater client stickiness, increasing margins and superior growth sustainability," the broker says.

Capgemini shares are currently down 0.3% at around 116.6 euros on Euronext Paris.

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