(News Bulletin 247) – Invest Securities raises its advice on the ESI Group share, going from ‘neutral’ to ‘buy’ with a price target raised to 120 euros, against 76 euros previously.
“If we were aware of the speculative interest, we were convinced that it would rather materialize in 2024-25”, indicates the analyst who admits to having been “taken aback” by the announcement, at the end of last week, preliminary discussions with potential buyers.
“We understand that the scarcity of the asset justifies the timing, with a transaction price which we believe could exceed 150E”, continues Invest, which believes that even if the transaction does not go to completion, the speculative criterion should continue to support the title.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
