(News Bulletin 247) – Stifel maintains its buy rating on Bureau Veritas shares with an unchanged price target of 28 euros.
The stock remains the analyst’s preferred choice in the ICT sector, with a positive outlook for its earnings and a possible reassessment of its valuation.
Estimates therefore remain largely unchanged, although Stifel is revising its organic growth assumptions for the second half of 2023 slightly downwards (from 8% to 7%), in particular due to tougher competition and the slow recovery of the sector. B&I (Building & Infrastructure) in China.
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