Invest Securities reiterates its 'buy' recommendation on Sopra Steria, with a price target reduced from €240 to €212, judging that 'the stock market reaction on Friday (-8%) appears unfair in view of a reassuring third quarter and reiterated 2023 guidance'.

The research firm acknowledges that the IT services company will not be immune to the macroeconomic slowdown, and that the 2024 financial year will necessarily be less dynamic than 2023.

Oddo BHF nevertheless highlights the group's resilient profile due to its sales mix, as well as the full-year contribution of acquisitions, which it believes 'should ensure a solid performance next year'.

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