Invest Securities has downgraded its recommendation on Intrasense shares from 'buy' to 'neutral', with an unchanged target price of 0.53 euros.

Following the sharp rise in the share price since the end of July (+21%), the potential for revaluation has now been exhausted", the analyst believes.

Invest points out that this rapid rise was achieved without any major announcement, but the broker highlights 'the positive newsflow since the announcement of the successful takeover bid, with in particular the signature of a commercial agreement in Italy and a development agreement with Guerbet'.

Invest Securities is now awaiting the next publication, on September 20, to obtain clarification on the growth dynamic in 2023 and to obtain more visibility on the 2026 outlook, which it deems 'too cautious'.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.