Stifel maintains its buy rating on Assystem shares, with a price target lowered from €65 to €60.

'President Macron's announcement of the dissolution of the French National Assembly and the publication of the political project of the French left-wing coalition have erased much of the share price appreciation since its Q1-24 trading update', analyzes the broker.

Stifel reports that polls currently indicate that a strong majority in favor of nuclear power could emerge.

We believe that the end of uncertainty surrounding the outcome of the elections could be an initial positive catalyst. In addition, the next key earnings dates should demonstrate a recovery in operating margin, leading to sustained EBIT growth in the first half and over the full 2024 financial year', concludes the analyst.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.