ESI Group gains nearly 3% in Paris after Invest Securities upgrades its recommendation on ESI Group shares from 'neutral' to 'buy', with a price target raised to 120 euros from 76 euros.

While we were aware of the speculative interest, we were convinced that it would materialize more in 2024-25", says the analyst, who admits to having been "taken by surprise" by the announcement, late last week, of preliminary discussions with potential buyers.

We understand that the rarity of the asset justifies the timing, with a transaction price that we believe could exceed 150E', continues Invest, who believes that even if the transaction does not go through, the speculative criterion should continue to support the share.

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