Barclays on Wednesday raised its recommendation on Capgemini from 'in-line weighted' to 'overweight', in view of the resilience of margins and favorable pricing enjoyed by the technology group.

"Cap has become much more resilient in its business model and capacity utilization, which is supporting margins, while pricing trends should drive growth", explains the intermediary in a research note.

As a result, the analyst considers the 35% devaluation of the stock as an overreaction, and sees current levels as a good entry point.

His price target has thus been raised from 190 to 210 euros.

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