Alten: Degroof Petercam adjusts rating

(CercleFinance.com) - Degroof Petercam announced on Thursday that it has downgraded its rating on Alten shares from "buy" to "add", maintaining its target price at 149 euros.


In its morning comments, the Belgian investment firm welcomes the the technology consulting group's "excellent" Q4 results, while specifying that this publication is in line with its expectations.

The broker says that demand still does not seem to want to slow, which mentions a "justified" revaluation of the share price, while saying that its upside potential is now limited.


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