(News Bulletin 247) – Jefferies confirms its ‘buy’ recommendation and its target price of 210 euros on Capgemini, the day after the publication by its American peer Accenture of its results for its third accounting quarter.
According to him, these results confirm the widely expected message of a slowdown in the sector’s growth, following disappointing scores from recruitment services groups (a sector which he considers closely correlated to IT services).
However, as the sector slows, the broker would say this is already taken into account in the objectives announced by the management of Capgemini, as well as in the consensus for the French group of IT services.
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