Report

Potentiel de hausse renouvelé après le T1 - ACHAT - 85€ (vs 75€)

La publication T1 est d’excellente facture et supérieure aux attentes, avec une croissance économique de +7,5% et une dynamique bien équilibrée entre les différentes géographies (+5,8% en France, +9,1% à l’International) et les différents secteurs : la dynamique surprend positivement dans l’automobile, notamment du fait d’un redémarrage de l’activité avec les équipementiers en Allemagne, et dans l’aéronautique, avec des contrats importants remportés chez Airbus. Ces éléments donnent de la visibilité à la société sur la poursuite de cette tendance pour le reste de l’exercice. Nous relevons notre scénario de croissance, nos BNA 17-19 de +2,1%/+1,8%/+1,8% et notre objectif à 85€ vs 75€.
Underlying
Alten SA

Alten is a holding company. Through its subsidiaries, Co. operates in three areas: Engineering and Technology Consulting (ETC), Telecoms Networks and Multimedia, and Information Systems (NTIS). Through the Engineering and Technology Consulting (ETC) segment, Co. studies and designs technology products for technical divisions in industry and telecoms. The Telecoms Networks and Multimedia segment focuses on Product design, Architecture, deployment, and operation of networks. Lastly, the IT systems segment comprises Applications and software development, and Infrastructure and Telecoms (Applications, systems and networks Corporate telecommunications).

Provider
Invest Securities
Invest Securities

Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.

Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.

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