Stifel has reaffirmed its 'buy' recommendation and €60 price target on Wavestone, after the firm published its results for the first half of 2023-24, marked by solid cost control and confirmation of annual targets.

The broker also considers the group's targets to be cautious, as it believes it is 'in a position to increase its occupancy rate in the second half', but warns that 'visibility has been greatly reduced for calendar year 2024'.

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