Invest Securities considers Guerbet's acquisition of a stake in Intrasense to be satisfactory on several counts: it puts an end to the downward stock market cycle, significantly strengthens the company's cash position by eliminating any solvency risk, and opens a new page in its development alongside a key player and shareholder.

While the takeover price can be justified in view of the massive reduction in 2026 targets, we remain more optimistic in our estimates and valuation. While the takeover bid represents a window of immediate liquidity, we consider that it does not accurately reflect MT's prospects', says the research firm.

Invest Securities has lowered its price target to 0.53E (from 0.74E) and confirms its buy opinion.

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