STOCKS NEWS EUROPE-Atos rises on Credit Suisse upgrade

Thu Jul 2, 2009 3:48am EDT
 
[-] Text [+]

Shares in French IT services group Atos Origin (ATOS.PA) gain 2 percent, the biggest gainers on France's broad SBF120 index .SBF120, after Credit Suisse upgrades its rating on the stock to "outperform" from "neutral" and raises its price target to 30 euros from 18.50 euros.

"Notwithstanding a revenue deceleration, Atos remains well positioned to expand margins by 50 bps in 2009 and generate further margin expansion of circa 50 bps in 2010, in our view," Credit Suiss analysts write in a note.

Atos stock is up 40 percent year-to-date, outpacing the SBF120, which is down 0.4 percent over the same period.

Reuters Messaging rm://blaise.robinson.reuters.com@reuters.net

 

Companies In This Article

Featured Broker sponsored link