(News Bulletin 247) – Invest Securities reiterates its ‘neutral’ opinion on Atos, in view of a risk/reward that it considers insufficient despite an adjusted price target of 19 euros (compared to 20 euros previously) which highlights potential growth of +38%.
“Between the improvement in operational performance and FCF in the second half of 2022, the execution of the disposal plan and the possible entry into the capital of Airbus in Evidian, the momentum is clearly improving on Atos”, recognizes the analyst.
The research department, however, expects a new year of transition in 2023 and still sees in Atos ‘a highly speculative file, particularly sensitive to various hazards’, even though it considers the title undervalued on current levels.
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