Visiativ shares gained nearly 3% in Paris following the publication of its results. Against this backdrop, Invest Securities is maintaining its 'neutral' recommendation on the stock, and raising its target price from €28 to €34.

The research firm believes that last night's publication of Q4 22 sales that were 'reassuring and well above expectations' should be favorably received.

While short-term visibility has improved (Q4 + backlog), we will have to wait for the presentation of the new plan next March to get a clearer idea of the financial impact of the new strategy, says the analyst.

"Given the level of debt, the current uncertain environment prompts us to maintain a wait-and-see stance", concludes the broker.

Copyright (c) 2023 CercleFinance.com. All rights reserved.