(News Bulletin 247) – Invest Securities believes that the disposal of EcoAct on good financial terms (twice the turnover) enables the group to complete its €700m disposal plan.
‘ This new achievement is in line with the good news observed since H2 2022 (faster than expected recovery in the profitability of Tech Foundations, acceleration of the growth of Eviden, positive outcome of the Trizetto litigation, raised MT objectives for Tech Foundations…)’ says the analytics office.
The analyst indicates in his study of the day that the publication of the results for the 1st half 23 on July 28 should be part of this logic.
‘While the AGM did not lead to a governance shake-up and the timing of the split should be confirmed, we reiterate our buy view on the back of regained momentum and undervaluation, with an unchanged price target at 18E which we believe has more upside potential than downside (especially the impact of Trizetto which could add +4E/share)’ says Invest Securities.
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