Stifel maintains its Buy rating on Bureau Veritas shares, with an unchanged target price of 28 euros.

The stock remains the analyst's preferred choice in the ICT sector, with a positive outlook for earnings and a possible revaluation of its valuation.

Estimates thus remain largely unchanged, although Stifel has revised its organic growth assumptions for the second half of 2023 slightly downwards (from 8% to 7%), notably due to tougher competition and the slow recovery of the B&I (Building & Infrastructure) sector in China.

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