Ingenico: UBS maintains buy rating, cuts target price
(CercleFinance.com) - UBS has reinstated its "buy" recommendation on the terminal and payment solutions provider Ingenico stock, albeit with a reduced target price of 75 euros (vs.
83 euros previously), which still gives the stock upside potential of 64%.
In its research note, the broker believes that the group's annual results, which are scheduled for 12 February, will be a key catalyst. It therefore considers that it is “Not the time to give up" for investors.
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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.
83 euros previously), which still gives the stock upside potential of 64%.
In its research note, the broker believes that the group's annual results, which are scheduled for 12 February, will be a key catalyst. It therefore considers that it is “Not the time to give up" for investors.
Copyright (c) 2019 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.