Capgemini: Credit Suisse adjusts target price
(CercleFinance.com) - On Wednesday a Credit Suisse analyst announced that he is cutting his target price for the Capgemini share, while maintaining an "Outperform" rating on the share, seeing in it as "a buying opportunity".
The broker has therefore cut its target price from 130 euros to 108 euros, based on general weakness in the sector.
"We have seen an increase in investor interest in Capgemini, with concerns building that the funding of the Altran acquisition may present balance sheet risk in the current environment," Credit Suisse said.
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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.
The broker has therefore cut its target price from 130 euros to 108 euros, based on general weakness in the sector.
"We have seen an increase in investor interest in Capgemini, with concerns building that the funding of the Altran acquisition may present balance sheet risk in the current environment," Credit Suisse said.
Copyright (c) 2020 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.