Invest Securities reiterates its 'buy' opinion on Sopra Steria, 'even if the next step in the valuation process should await the improvement in momentum expected in the second half of 2024', with a price target raised from €260 to €268.

While acknowledging that Sopra Steria is suffering from unfavorable momentum in the first half, the analyst stresses that the IT services group's transformation is continuing, with the sale of 80% of SBS to Axway as the next step.

With 2024 objectives reiterated and a first quarter in line with expectations, Invest Securities leaves its 2024-26 expectations unchanged, but raises its target on the stock to take into account the easing of market conditions.

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