Capgemini price target raised to EUR 255 from EUR 250 at Jefferies

Jefferies raised the firm’s price target on Capgemini to EUR 255 from EUR 250 and keeps a Buy rating on the shares. The company’s trading momentum is likely to remain soft over the next six months, but this is largely a function of cyclical slowdown that is seen at other global IT services companies, the analyst tells investors in a research note. The firm says that as Capgemini’s sequential growth deceleration starts to narrow throughout 2024, it expects the share price rally to continue.