Worldline: Société Générale upgrades to buy.
(CercleFinance.com) - Société Générale (SG) analysts have adopted a buy rating on the Worldline share, which is Atos' payment processing subsidiary, against a previous hold rating.
They have also largely raised their 12-month target price for the share to 45 euros, 36.4% above their previous target price of 33 euros.
Indeed, their research report says that Worldline's investor day, organised on Tuesday, did not reserve any major innovations. "However we are increasingly convinced that WLN's topline growth could accelerate," SG said. Furthermore, it is increased growth and margin forecasts that have led the broker to increase its target price.
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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.
They have also largely raised their 12-month target price for the share to 45 euros, 36.4% above their previous target price of 33 euros.
Indeed, their research report says that Worldline's investor day, organised on Tuesday, did not reserve any major innovations. "However we are increasingly convinced that WLN's topline growth could accelerate," SG said. Furthermore, it is increased growth and margin forecasts that have led the broker to increase its target price.
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.