Alten: Stifel raises target price

(CercleFinance.com) - Stifel confirms its 'Hold' recommendation on the stock, but raises its target price for it to E95 (from E85).


This European leader in outsourced R&D has published reassuring results for fiscal 2024, with adjusted EBIT declining less than expected, the broker says.

FY 2025 is not encouraging, as the group starts the year with fewer engineers and sees no sign of improvement in the economic climate. As a result, we continue to see a negative news flow for Q1, Q2 and H1 2025, with declining earnings, Stifel adds.

We are maintaining our Hold rating as we expect sales and adjusted EBIT to decline in 2025 - particularly in H1. The possibility of a rebound in H2 is still too hypothetical, the analyst says.


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