Stifel has reaffirmed its 'buy' recommendation on Assystem, with a price target raised from 55 to 58 euros, in the wake of an EBIT projection raised by 4% following the engineering company's second-quarter trading update.

The broker points to a strong level of activity in the nuclear sector, with organic growth of 16% driven by a favorable basis of comparison, a better-than-initially-budgeted performance on the installed base, and solid momentum in the UK.

Stifel also points to Assystem's raising of its annual targets, while 'growth in the nuclear sector should remain vigorous over the coming quarters at around 15%'.

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