Invest Securities reiterates its 'buy' opinion on Sopra Steria, with a price target raised from €240 to €260, noting a positive momentum that 'continues, with perfect execution of objectives and an increasingly ambitious strategy'.

Even if instant value creation is nil, the sale of 80% of SBS (and 16% of Axway) is in line with the company's desire to accelerate its development in IT services and strengthen its expertise in consulting and technologies", notes the analyst.

Invest Securities continues: "With our resources restored following disposals, the future looks bright, even if 2024 will be a year of transition (limited organic performance and a pause in acquisitions)".

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