Stifel reiterates its 'buy' recommendation on Wavestone, while raising its target price from €68 to €72, believing that the consulting firm "has delivered an outstanding operating performance in a challenging environment".

"Its 2023-24 financial year has once again demonstrated the high quality of the management team", the broker believes. Adding that Wavestone should be able to meet its targets for the coming year, it anticipates an 11% rise in EPS in 2024-25.

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