Invest Securities has reaffirmed its 'buy' recommendation on Worldline, with a price target raised from 55 to 60 euros, pointing to an 'unjustified decline in December (-19%)' that saw the stock close 2022 with an underperformance of -16 points.

An unsurprising performance for a Tech player impacted by rising interest rates, but one that overlooks the sale of TSS, the clear improvement in fundamentals and the renewed credibility of the management team", says the analyst.

While 2022 results should confirm the strong commercial traction of the first nine months, the Group has the assets to demonstrate the resilience of its model in the face of the macro slowdown in 2023', he continues.

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